Cable Update (GBPUSD) | Page 30141 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #602,801
  • Jun 16, 2021 4:52am Jun 16, 2021 4:52am
Quoting Waveskierrob
{quote} " You just trade until the market changes direction and take whatever it gave you. A time frame is just a time frame. Look at any time frame and the graph has two values, time and price. Price is variable, not time. You choose a time frame that consistently covers the spread and provides enough range between entry and exit to make profit."....great quote

Prior to the news releases for the day, there is a buildup in positioning and and it's times to be patiently wait the build up.

The hardest part is to know the correct equilibrium.
Once we determine equilibrium, then we need to determine a method to track how far price will move away from equilibrium before it turns around and comes back to it.

All the junk that happens between the farthest point and equilibrium is either a market maker using psychological methods against new traders, or it is new traders falling for psychological methods.

All consolidation areas and double tops/bottoms are market maker psycho tricks.

Good Luck.

Attached Image (click to enlarge)
Click to Enlarge Name: eequilibrium.jpg Size: 337 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,802
  • Jun 16, 2021 4:52am Jun 16, 2021 4:52am
Quoting Pat Chiko
{quote} I really enjoy reading your post and the methodology of your trades. If I may add to it, since we are looking forward to trade the news later tonight. Since you're trading 5M intraday swings, so none of HTF matters. While someone might think they made a lot of pips because of a H4 trade, they missed all the reverses, so you typically make 2-4 times the number of pips over the same period of time, not only from trading both directions, but from more precise entries/exits. You just trade until the market changes direction and take whatever...
Thanks. Really appreciate the comments. I need to improve myself till death of course. You were correct about your findings. I am struggling to trade with in a time specific frame which i have to find solutions to it. Due to covid, it had given us more screen time. it's been a year. trying to close the monitor. I somehow tend to go back again keep it open.

Thanks. I like to hear more more constrictive feedback, probably from all of you guys. Thanks again.

Few weeks, i have been glued to FF. Spend more time here than my family la. Which i also need to think.
Fools Rushing
  • #602,803
  • Jun 16, 2021 4:54am Jun 16, 2021 4:54am
Quoting Nordling00
{quote} Trading is definitely tricky, i love this market. Things can change pretty fast and predictions we made can become outdated in hours. We gotta adapt and move with the market. This morning i was long, actually i was holding those longs for a month. Before that, i was also long People that know me for a while here will remember. Closed them after today's UK inflation data: {quote} Now USD looks stronger than GBP after the inflation numbers that came out today: {image} It indicated the opposite yesterday. I can't fight with the fundamental...
What time frame?
  • #602,804
  • Jun 16, 2021 4:58am Jun 16, 2021 4:58am
Quoting Pat Chiko
{quote} Prior to the news releases for the day, there is a buildup in positioning and and it's times to be patiently wait the build up. The hardest part is to know the correct equilibrium. Once we determine equilibrium, then we need to determine a method to track how far price will move away from equilibrium before it turns around and comes back to it. All the junk that happens between the farthest point and equilibrium is either a market maker using psychological methods against new traders, or it is new traders falling for psychological methods....
Market is always moving, as a trader our job is identify the direction and turn it to profits. Sometimes it surprises sometimes it works like a perfect prediction. All that matter is holding position when market is against, it requires mental strength.
Try the simple and make it for you ~
  • #602,805
  • Jun 16, 2021 5:00am Jun 16, 2021 5:00am
Quoting Tim_isoara
{quote} What time frame?
I only trade & make my little TA analysis at D1, that's just the %20 of my trading though. I do the most of the work in Excel and News Calendars.
You have to have an IQ higher than 90 to interact with this user.
  • #602,806
  • Jun 16, 2021 5:02am Jun 16, 2021 5:02am
Added another short at 14114
Insane in the Brain..
  • #602,807
  • Jun 16, 2021 5:02am Jun 16, 2021 5:02am
Quoting Nordling00
{quote} Trading is definitely tricky, i love this market. Things can change pretty fast and predictions we made can become outdated in hours. We gotta adapt and move with the market. This morning i was long, actually i was holding those longs for a month. Before that, i was also long People that know me for a while here will remember. Closed them after today's UK inflation data: {quote} Now USD looks stronger than GBP after the inflation numbers that came out today: {image} It indicated the opposite yesterday. I can't fight with the fundamental...
This would only be true with perfect markets, 100pc rational participants, perfect information etc. It also assumes that the only determinant of exchange rates is relative inflation. None of this holds though. The only thing that makes you right or wrong is a steadily rising equity curve. You were saying to hold/add buys above 1.42 a couple of weeks ago, this is not correct even at the time even in light of the lagging inflation data economic indicator (well resourced market participants have already priced this in long before the release).
  • #602,808
  • Jun 16, 2021 5:02am Jun 16, 2021 5:02am
Quoting clocktrade
{quote} Market is always moving, as a trader our job is identify the direction and turn it to profits. Sometimes it surprises sometimes it works like a perfect prediction. All that matter is holding position when market is against, it requires mental strength.
"All that matter is holding position when market is against, it requires mental strength"
SL is the solution, nothing about mental strenght.
  • #602,809
  • Jun 16, 2021 5:03am Jun 16, 2021 5:03am
My analysis + gut says GU should keep bull till 4155 then bear to 4057.

(H1 Chart)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-june-16.png Size: 87 KB
Try the simple and make it for you ~
  • #602,810
  • Jun 16, 2021 5:03am Jun 16, 2021 5:03am
Quoting MTF Test
{quote} Thanks. Really appreciate the comments. I need to improve myself till death of course. You were correct about your findings. I am struggling to trade with in a time specific frame which i have to find solutions to it. Due to covid, it had given us more screen time. it's been a year. trying to close the monitor. I somehow tend to go back again keep it open. Thanks. I like to hear more more constrictive feedback, probably from all of you guys. Thanks again. Few weeks, i have been glued to FF. Spend more time here than my family la....
The reason so many people fail is because they get caught up in the movement of tiny pieces and fail to see the forest because all the trees keep moving.
Everyone wants to increase their precision of measuring equilibrium bubbles and eventually get trapped by all the head fakes.

The markets move from pivot point to pivot point, through equilibrium.
If you correctly identify equilibrium, then merely determine its apex.
If the apex occurs near a pivot point, the trade is finished.
Trade the other direction back to equilibrium. Once at equilibrium, you need to determine if price will bounce or pass through.
If it bounces, it is going back to the pivot point you just closed from.
If it goes through equilibrium, price is going to the next pivot point.

Nothing is guaranteed. (no pun intended)
Price may clamor up and down for quite awhile before hitting a pivot point.
That is the idea.
Don't fall for the tricks.
If you can figure out the apex of equilibrium, you can not only trade to every pivot point, but also to all the head fakes to pivot points that retrace to equilibrium numerous times before finally going to the pivot point.

All the best my friend, we learn from each others. Keep on posting chart, we (in this office) really analyze it from time to time.

Regards.

Attached Image (click to enlarge)
Click to Enlarge Name: apex.jpg Size: 387 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,811
  • Jun 16, 2021 5:06am Jun 16, 2021 5:06am
Quoting Tim_isoara
{quote} "All that matter is holding position when market is against, it requires mental strength" SL is the solution, nothing about mental strenght.
Yeas, for scalping you gotta use SL closer, for longer term trades you know have to keep the decision. Means don't manually close the trade until s/l reached.
Try the simple and make it for you ~
  • #602,812
  • Jun 16, 2021 5:07am Jun 16, 2021 5:07am
waiting.... 4135....4142

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDvH1 (2).png Size: 29 KB
Trade with prediction = witch with her visions lol
  • #602,813
  • Jun 16, 2021 5:08am Jun 16, 2021 5:08am
Cant rule out longs now, looking higher for shorts.

I don't know if yesterday was manipulation for buyers, remember everyone is expecting short now which is the perfect time for the MMs to move the market up

1.4150 and 1.4180ish are worth watching, 1.4120 still a selling zone but it's been tested a lot so I'll wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: gu31.jpg Size: 326 KB
  • #602,814
  • Jun 16, 2021 5:09am Jun 16, 2021 5:09am
Quoting Nordling00
{quote} I only trade & make my little TA analysis at D1, that's just the %20 of my trading though. I do the most of the work in Excel and News Calendars.
I think you hold your trades several days.
I am a day trader, my trend is not your trend. I look max to H1.
  • #602,815
  • Jun 16, 2021 5:10am Jun 16, 2021 5:10am
Quoting maheeee
Market will reach 1.140000 very soonnnnnnnnnnnn
I think you forgot to tell us why.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #602,816
  • Jun 16, 2021 5:13am Jun 16, 2021 5:13am
Quoting Pat Chiko
{quote} The reason so many people fail is because they get caught up in the movement of tiny pieces and fail to see the forest because all the trees keep moving. Everyone wants to increase their precision of measuring equilibrium bubbles and eventually get trapped by all the head fakes. The markets move from pivot point to pivot point, through equilibrium. If you correctly identify equilibrium, then merely determine its apex. If the apex occurs near a pivot point, the trade is finished. Trade the other direction back to equilibrium. Once at equilibrium,...
Who are you man/woman? Such a knowledge. Incredible. . I should have call you ''Forex Guru""
Fools Rushing
  • #602,817
  • Jun 16, 2021 5:13am Jun 16, 2021 5:13am
Quoting mysterio
{quote} This would only be true with perfect markets, 100pc rational participants, perfect information etc. It also assumes that the only determinant of exchange rates is relative inflation. None of this holds though. The only thing that makes you right or wrong is a steadily rising equity curve. You were saying to hold/add buys above 1.42 a couple of weeks ago, this is not correct even at the time even in light of the lagging inflation data economic indicator (well resourced market participants have already priced this in long before the release)....
If there's a D1 trend, i take the most of it. Generally. Like 70-80% of the time. And i can prove my claim.

Here's my GU chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GU Chart.png Size: 30 KB


Here's my EU chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Eu Chart.png Size: 36 KB



Red lines are losses, greens are wins. So you can see that i was right most of the time and caught most of the trends. So this analysis work and these are the proof. I don't need a perfect scenario. I only need 3 factors: GDP, Inflation, Interest Rate. As you can see it works, and it will continue working unless there's a marginal change in this whole monetary system.
You have to have an IQ higher than 90 to interact with this user.
  • #602,818
  • Jun 16, 2021 5:15am Jun 16, 2021 5:15am
Quoting palpite
buy - 1.4108 sl - 1.4090
closed - 1.4115
Together we can be strongest
Vantage Return This Month: na
  • #602,819
  • Jun 16, 2021 5:16am Jun 16, 2021 5:16am
Quoting clocktrade
{quote} Yeas, for scalping you gotta use SL closer, for longer term trades you know have to keep the decision. Means don't manually close the trade until s/l reached.
You are wrong. Size of SL is different.
  • #602,820
  • Jun 16, 2021 5:17am Jun 16, 2021 5:17am
Quoting Waveskierrob
{quote} I love this guy

Adolf,

Please don't get an orgasm from every sentence you read from his post.....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
262 traders viewing now, 2 are registered:
,
fmtrad3r