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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

Bitcoin I shorted
Quoting W0lfram
Imo, good bearish close, almost all the volume (92.5%) in the shadow. Below Friday's low --> 1.378, sell-scalping only for me{image}
Watching 1.378 - 1.376 for scalp buys today. Looks like 1.389 will wait
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DXY got some monster drinks

GU lets test the neckline of an M
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bought at 3825 and now added long at 3800 and 3798.

Stop 3789

TP 3930
Intra day only.
Here we go, bulls are popping up

I think we have seen the low of the week, lets see
Quoting fxmasterdxb
Here we go, bulls are popping up I think we have seen the low of the week, lets see
maybe if the price away from there +50 pip haha
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Gbpjpy closed my shorts have gone long
As long as 4hrs not closing above 1.3850, sell the highs.
Not sold on going long just yet!!
Play it by beer!!!
Fundamentally, there are two scenarios to keep in mind for the coming weeks.
1) US will vote to raise its debt limit.
2) US will NOT VOTE to raise its debt limit.

If scenario 2 happens, there are 2 dates to watch out for:
Sept 30 - US gov't will shut down
Oct 15 - US will default on its debt

Good luck and do your analyses based on this info.
Quoting kris89
{quote} maybe if the price away from there +50 pip haha
That would be awesome
For me to feel more comfortable with my long, I would like to see 4 hr candle (which is closing in 45 mins) to close above 1.3820
I think we may see 1.3780
One more leg down H1
Am waiting for a pullback to the 1.3828 area to sell again.
Today's trend should be able to go well over 70 pips.
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Aim for what's achievable and don't be a dreamer.
Quoting gespiri
Fundamentally, there are two scenarios to keep in mind for the coming weeks. 1) US will vote to raise its debt limit. 2) US will NOT VOTE to raise its debt limit. If scenario 2 happens, there are 2 dates to watch out for: Sept 30 - US gov't will shut down Oct 15 - US will default on its debt Good luck and do your analyses based on this info.
Looking at the US debt situation, came out with something to ponder.

Here's my take ;-
After having just raised the debt limit, they are already seeing the need for another soon, or the US will default.
US = bankrupt, printing money to keep afloat.
Printing money can devalue money, but it still exists and money gets taken out of the system as well.

It would be unthinkable that Congress wouldn’t raise the debt limit.
The US would effectively default on its debt.
The US cannot default on its debt.
That’s a meaningless statement.
US Govt, go thru this ritual so congress can cut spending it already wanted to to raise the arbitrary limit they were gonna raise anyway
And this Congress will absolutely vote to raise the limit.

According to IMF warns that US debt burden is unsustainable in long term. So we know where this is heading....

Why not auction the asset US military left in Afganistan, I want to buy the Humvee and few Black Hawk helicopter

Lastly ;
US already freeze Afgan US9.5 billion. Use that as offset to the asset left in Afgan.

Yellen know this ,
Democrats control the debt limit.
And the debt.
It can be done with the reconciliation process but Democrats want to pretend it's republicans.


Raise the debt to help their friends, I hope i can become friend too...
Fear of losing is the #1 reason you are losing.
Quoting ServerUang
{quote} you close all your short positions? ohhh... how sad.... My analysis is a downward trend, why do you even close all your sells? ?? SU {image}
Duit duit nye de kan bro
not euphoria follower
from the look of my price action, i can tell London boys is not happy with the current value, neither selling or buying but in equilibrium .
the market maker need to push price to value.

expecting slow london today
I NEVER LOSE/=I EITHER WIN OR LEARN
dont be greedy,

i took a short from 13880 last week and closed it very early for 25pips
why did i closed it early
plan your trade and trade your plan, my mission is to risk 1 for 1 reward because i am 99% sure 25pips will be made in any direction.

there will always be another opportunity to reenter, feeling like the market has left you is not always the best.
I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting donfriday
dont be greedy, i took a short from 13880 last week and closed it very early for 25pips why did i closed it early plan your trade and trade your plan, my mission is to risk 1 for 1 reward because i am 99% sure 25pips will be made in any direction. there will always be another opportunity to reenter, feeling like the market has left you is not always the best.
"Greed is good" lol
Daddy, Brother, Lover, Little Boy
Quoting Pat Chiko
{quote} Looking at the US debt situation, came out with something to ponder. Here's my take ;- After having just raised the debt limit, they are already seeing the need for another soon, or the US will default. US = bankrupt, printing money to keep afloat. Printing money can devalue money, but it still exists and money gets taken out of the system as well. It would be unthinkable that Congress wouldn’t raise the debt limit. The US would effectively default on its debt. The US cannot default on its debt. That’s a meaningless statement. US Govt, go...
I agree that the US may raise the debt limit but this time it is different.
Rapidly rising inflation is directly impacting ordinary Americans. A vote to raise the debt and also approve the $3.5 TRILLION "infrastructure bill" is a death sentence for their political careers (unless they rig the mid terms again). They know that and the people are really angry this time.
We'll wait and see.....
Quoting gespiri
{quote} I agree that the US may raise the debt limit but this time it is different. Rapidly rising inflation is directly impacting ordinary Americans. A vote to raise the debt and also approve the $3.5 TRILLION "infrastructure bill" is a death sentence for their political careers (unless they rig the mid terms again). They know that and the people are really angry this time. We'll wait and see.....
And this argument is one of the factors that will spark Volatility in this last quarter...
Swing and Intraday
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