Cable Update (GBPUSD) | Page 30740 | 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)

  • #614,781
  • Aug 6, 2021 2:43am Aug 6, 2021 2:43am
Quoting bureuk
good morning folks, i have no idea about up or down. i flipped coin and shorted. the important point is managing trade. {image}
hopefully today is the end of the tight ranging. Either way something has to give. BoE proved to be a damp squib yesterday where as NFP could be the trigger for some decent volatility
Insane in the Brain..
  • #614,782
  • Aug 6, 2021 2:44am Aug 6, 2021 2:44am
1.39100 it the 50 % retrace of yesterday move
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 08-06-2021 10.43.jpg Size: 150 KB
yes yes yes
  • #614,783
  • Aug 6, 2021 2:45am Aug 6, 2021 2:45am
Quoting Georginson
{quote} This is not far from true... The price has been in a slow motion since August began. This week range so far stands at 85 pips which means today is poised for some volatile moves. As far as 1.3870 stays unbroken, we will see 1.3980/1.4000 today which is in line with my projected high for August.
Or 1.41 area. Don't rule out 1.43 before the heavy fall to 1.35. Though 1.43 exposes 1.46. This game get as e be
  • #614,784
  • Aug 6, 2021 2:46am Aug 6, 2021 2:46am
boy oh boy, i want to sell gbpjpy

does anyone have a crystal ball and knows where price will move today during the news?
  • #614,785
  • Aug 6, 2021 2:48am Aug 6, 2021 2:48am
Quoting bureuk
good morning folks, i have no idea about up or down. i flipped coin and shorted. the important point is managing trade. {image}
do you flip a coin in order to know whether you should close or hold the position?
  • #614,786
  • Aug 6, 2021 2:50am Aug 6, 2021 2:50am
Quoting BeeTogether
{quote} hopefully today is the end of the tight ranging. Either way something has to give. BoE proved to be a damp squib yesterday where as NFP could be the trigger for some decent volatility
Agree with u, bro. the tight ranging make me very tired
  • #614,787
  • Aug 6, 2021 2:51am Aug 6, 2021 2:51am
Quoting genadi
{quote} do you flip a coin in order to know whether you should close or hold the position?
texas haha
ill prefer stick to plan
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #614,788
  • Aug 6, 2021 2:59am Aug 6, 2021 2:59am
Quoting Nd10
{quote} Or 1.41 area. Don't rule out 1.43 before the heavy fall to 1.35. Though 1.43 exposes 1.46. This game get as e be
Omo e get as e be o... Sha watch 1.4010 if unbroken, then 1.3516 all the way.
Data + Stat + Risk/Emotions Management
  • #614,789
  • Aug 6, 2021 3:02am Aug 6, 2021 3:02am
buy again , scalp a few pip waiting undecided way xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #614,790
  • Aug 6, 2021 3:05am Aug 6, 2021 3:05am
Quoting Siame
1.3900/.250 Tighter range. An expansion is on the way.

We have formed a tight range between 1.39/.350 Zone. NFP should give us some fireworks.

Until then, patience.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture3.PNG Size: 59 KB
  • #614,791
  • Aug 6, 2021 3:06am Aug 6, 2021 3:06am
Quoting bureuk
good morning folks, i have no idea about up or down. i flipped coin and shorted. the important point is managing trade. {image}

closed trade at 3912 +13 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_245.png Size: 16 KB
rookie trader. 1 year fx trading experience.
  • #614,792
  • Aug 6, 2021 3:09am Aug 6, 2021 3:09am
GU following common pattern of punching out either side of Asia range, usually in this scenario it will continue down but it is the bottom of our range

DXY appears to be continuing up to 92.5 reacting off of daily demand level

Not really much to trade here on sidelines for now feeling uninspired, maybe buy close to 1.39 and sell close to 1.3950
Attached Image (click to enlarge)
Click to Enlarge Name: dxy1.jpg Size: 188 KB
  • #614,793
  • Edited 3:22am Aug 6, 2021 3:12am | Edited 3:22am
My thoughts on
Some pre drawn levels /zones calculated from a set formula
that need to be attacked or defended

p.s
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDailyx.png Size: 96 KB
Click to Enlarge Name: GBPUSDDailyy.png Size: 94 KB
Click to Enlarge Name: GBPUSDH1a.png Size: 101 KB
  • #614,794
  • Aug 6, 2021 3:15am Aug 6, 2021 3:15am
Quoting mysterio
GU following common pattern of punching out either side of Asia range, usually in this scenario it will continue down but it is the bottom of our range DXY appears to be continuing up to 92.5 reacting off of daily demand level Not really much to trade here on sidelines for now feeling uninspired, maybe buy close to 1.39 and sell close to 1.3950 {image}
possible scenario:
Attached Image (click to enlarge)
Click to Enlarge Name: 667abc1d94e61800744172361b157f48.png Size: 178 KB
"Exchange of hands"
  • #614,795
  • Aug 6, 2021 3:17am Aug 6, 2021 3:17am
Quoting genadi
{quote} do you flip a coin in order to know whether you should close or hold the position?
no first time flipped coin for a trade. cuz im staring to the monitor and no way come to me more likely. and closed scalp trade at range low and pivot point.
Quoting kris89
{quote} texas haha ill prefer stick to plan
my plan is watching price and acting at the range boundries. like a ping pong.
rookie trader. 1 year fx trading experience.
  • #614,796
  • Aug 6, 2021 3:24am Aug 6, 2021 3:24am
Quoting mysterio
GU following common pattern of punching out either side of Asia range, usually in this scenario it will continue down but it is the bottom of our range DXY appears to be continuing up to 92.5 reacting off of daily demand level Not really much to trade here on sidelines for now feeling uninspired, maybe buy close to 1.39 and sell close to 1.3950 {image}
idk seem the range can broke down and NFP will push more down as we out of time for weekly close anything can happen as well

M30 close below asian low , will it whip it down ?
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #614,797
  • Aug 6, 2021 3:24am Aug 6, 2021 3:24am
longed 1.39148
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_246.png Size: 20 KB
rookie trader. 1 year fx trading experience.
  • #614,798
  • Aug 6, 2021 3:25am Aug 6, 2021 3:25am
in my opinion this is going up to the 1.40962 level then will possibly drop lower we will see.
  • #614,799
  • Aug 6, 2021 3:33am Aug 6, 2021 3:33am
Quoting kris89
{quote} idk seem the range can broke down and NFP will push more down as we out of time for weekly close anything can happen as well M30 close below asian low , will it whip it down ?
Think so, might attack those lows at 1.39 next. Just have to be patient I don't think there's much to be done this morning
  • #614,800
  • Aug 6, 2021 3:37am Aug 6, 2021 3:37am
Quoting mysterio
{quote} Think so, might attack those lows at 1.39 next
maybe 1.3896 area ar fly high.. i stuck some long there. Potential tp 1.4025
959 traders viewing now, 1 is registered: