Cable Update (GBPUSD) | Page 30894 | 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)

  • #617,861
  • Aug 19, 2021 3:17am Aug 19, 2021 3:17am
Quoting kerndc
USDCAD head and shoulder pattern has turned out brilliantly perfect. I have not had success with this pattern in the past. This may be the first time it plays out so exquisitely. i am not going to go for the 2:1 recommended from head to shoulder measurement TP level most people i have seen explain this pattern use i had a tight stop loss which was a 3:1 RR yesterday. unfortunately closed half of it out during the dollar moves yesterday. lesson learnt this week which i tend not to learn from in the past..... is to let the winners run and cut losses...

GBPUSD after the DUST settled from Fed last night. I entered another sell on The GBPUSD. Possible targets below are 3675 & 3571...

3675 is my target from the additional sell position entered last night
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-forex-capital-markets-2.png Size: 79 KB
Trend_Masters
  • #617,862
  • Aug 19, 2021 3:18am Aug 19, 2021 3:18am
you either buy low or sell high the question is where are they
MY OPINION NOT FINANCIAL ADVISE
  • #617,863
  • Aug 19, 2021 3:18am Aug 19, 2021 3:18am
Attached Image (click to enlarge)
Click to Enlarge Name: chart (62).png Size: 96 KB
  • #617,864
  • Aug 19, 2021 3:20am Aug 19, 2021 3:20am
How far can a Daily Range Estimation take us today ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30e.png Size: 119 KB
  • #617,865
  • Aug 19, 2021 3:20am Aug 19, 2021 3:20am
Quoting okosodo
After one week of indecision, it has started to move to its destined position
your kidding right, cable daily chart, last four candles shows indecision, really, perhaps I have wrong chart, direction been pretty consistent mon - thursday Im thinking!! at support right now previous daily low
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 19 8 2021.png Size: 31 KB
If you are new to Forex? Say Goodbye to your account!!
  • #617,866
  • Aug 19, 2021 3:22am Aug 19, 2021 3:22am
You guys wanna see a real example of FOMO/Revenge trade. look at my chart. I was away due to lunch and took out my buy trade. could not control myself. Wanted to achieve my daily target/did not like to loose/fear of missing out. I was fighting with my though for just about 2-3 second. Just entered a trade blindly. Hopefully I will win this. But FOMO will usually kill us.

Thought of sharing with you guys.

Note - Read FOMO instead of MOMO on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD..M5.png Size: 24 KB
Fools Rushing
  • #617,867
  • Aug 19, 2021 3:22am Aug 19, 2021 3:22am
Short in at 1.3688
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-08-19 092238.png Size: 35 KB
Don't trade what you think. Just what you see!!!
  • #617,868
  • Aug 19, 2021 3:26am Aug 19, 2021 3:26am
Quoting donfriday
you either buy low or sell high the question is where are they
to go long I’d say 136-13630 would be ideal. That should give a slight bounce upto 137/13750
Insane in the Brain..
  • #617,869
  • Aug 19, 2021 3:27am Aug 19, 2021 3:27am
Quoting BeeTogether
{quote} to go long I’d say 136-13630 would be ideal. That should give a slight bounce upto 137/13750
Yes I'm just waiting for there

Missed the opportunity to hop on the sell train

Patience !
  • #617,870
  • Aug 19, 2021 3:27am Aug 19, 2021 3:27am
Look what had happend to GJ in 2.5 Hours Just crazy. Manage to get about 400Pipsout of 1000 pip range. Just beautiful.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY..M15.png Size: 34 KB
Fools Rushing
  • #617,871
  • Aug 19, 2021 3:28am Aug 19, 2021 3:28am
Quoting mysterio
{quote} Yes I'm just waiting for there Missed the opportunity to hop on the sell train Patience !
at which level you were willing to sell?
  • #617,872
  • Aug 19, 2021 3:28am Aug 19, 2021 3:28am
Quoting BeeTogether
{quote} with the exception of potential buyers at 136-366 there is nothing I can see that can springboard cable that high. Maybe 138 if lucky
The mentioned level could be extreme.
I am just paying attention to the significant handle 1.37146. The more price stays close to it, the more chance of Spike Lee

Let's see how it goes tho.
It would be nice to sell some more around 1.4003 area
  • #617,873
  • Aug 19, 2021 3:29am Aug 19, 2021 3:29am
Quoting genadi
{quote} at which level you were willing to sell?
Posted yesterday not taken

I had decided to protect profit and sit aside, I was buy bias for that day

PA wise it was a simple wedge pattern with divergence I was thinking we may do a final reach up to 1.38 or just above

The break of this pattern is a good signal for me too

The DPP is a v important level

Attached Image (click to enlarge)
Click to Enlarge Name: GU1.jpg Size: 260 KB
  • #617,874
  • Aug 19, 2021 3:30am Aug 19, 2021 3:30am
simple PA

2 months ago heavily bearish pin back that engulf the last 3 months
1 month ago was a bullish pin bar at up trend.....such pin bar is either a continuation or profit taking signal
august need to decide if we bounce 136 or close below 1 month ago bullish pin bar at uptrend.

but we need a good signal to decide on what 4th quarter could be.
MY OPINION NOT FINANCIAL ADVISE
  • #617,875
  • Aug 19, 2021 3:32am Aug 19, 2021 3:32am
Quoting MTF Test
Look what had happend to GJ in 2.5 Hours Just crazy. Manage to get about 400Pipsout of 1000 pip range. Just beautiful. {image}

the beast
MY OPINION NOT FINANCIAL ADVISE
  • #617,876
  • Aug 19, 2021 3:38am Aug 19, 2021 3:38am
Quoting gatenio
My dreams on 1.4 in trash now
Mine too. I need cuban cigar now before I close my open positions.
Attached Image
  • #617,877
  • Aug 19, 2021 3:39am Aug 19, 2021 3:39am
Quoting mysterio
{quote} Yes I'm just waiting for there Missed the opportunity to hop on the sell train Patience !
me too was convinced we’d see 13910 first. The flags were waving too after it rejected 13870 a few times
Insane in the Brain..
  • #617,878
  • Aug 19, 2021 3:41am Aug 19, 2021 3:41am
there really trying on that 1 min
  • #617,879
  • Aug 19, 2021 3:44am Aug 19, 2021 3:44am
Attached Image (click to enlarge)
Click to Enlarge Name: chart (65).png Size: 170 KB
just over 50 fib
  • #617,880
  • Aug 19, 2021 3:51am Aug 19, 2021 3:51am
Quoting Theoak
Short in at 1.3688 {image}
9 pips taken stops to Be run the rest
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-08-19 095157.png Size: 42 KB
Don't trade what you think. Just what you see!!!
170 traders viewing now