Cable Update (GBPUSD) | Page 31297 | 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)

  • #625,921
  • Sep 25, 2021 12:15pm Sep 25, 2021 12:15pm
Nice weekly close candle.
Next week: Keep buying retracement with strong reversal candles on 4h/daily and target 3800, 3850 and probably 3900.
  • #625,922
  • Sep 25, 2021 12:31pm Sep 25, 2021 12:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW1.png Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW2.png Size: 37 KB

ATR levels from Open, High, Low, Previous High, Previous Low. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #625,923
  • Sep 25, 2021 12:31pm Sep 25, 2021 12:31pm
My Analysis for the last week of September 2021

This could be an very interesting week hence, Institutional Structure ( @1.36200) on Daily is broken to south and same is regain on the same day. This can be a sign of bearish weakness. However, By looking at the broader picture, Pair was not able to make new high or new low since 23rd of August 2021.

In the stand point of price behavior, It had met the condition to break the barriers to south which could be important level of 1.35 .

For me I would be neutral in BIAS perspective till hopefully till Monday.

PS : I would really like to see the pair crossing below 1.36 before the beginning of October in view of institutional perspective.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2021-09-25_22-50-30.png Size: 60 KB
Fools Rushing
  • #625,924
  • Sep 25, 2021 12:50pm Sep 25, 2021 12:50pm
Quoting MTF Test
My Analysis for the last week of September 2021 This could be an very interesting week hence, Institutional Structure ( @1.36200) on Daily is broken to south and same is regain on the same day. This can be a sign of bearish weakness. However, By looking at the broader picture, Pair was not able to make new high or new low since 23rd of August 2021. In the stand point of price behavior, It had met the condition to break the barriers to south which could be important level of 1.35 . For me I would be neutral in BIAS perspective till hopefully till...


just curious if this will play out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2021-09-25_17-51-46.png Size: 93 KB
MY OPINION NOT FINANCIAL ADVISE
  • #625,925
  • Sep 25, 2021 12:54pm Sep 25, 2021 12:54pm
Quoting donfriday
{quote} just curious if this will play out {image}
Y not? Much Possible today. But don't know what will bring on Monday. Also have a look how the price behave before a break out either to top or bottom.
Fools Rushing
  • #625,926
  • Sep 25, 2021 12:57pm Sep 25, 2021 12:57pm
Quoting MTF Test
My Analysis for the last week of September 2021 This could be an very interesting week hence, Institutional Structure ( @1.36200) on Daily is broken to south and same is regain on the same day. This can be a sign of bearish weakness. However, By looking at the broader picture, Pair was not able to make new high or new low since 23rd of August 2021. In the stand point of price behavior, It had met the condition to break the barriers to south which could be important level of 1.35 . For me I would be neutral in BIAS perspective till hopefully till...
My sincere thoughts and advise to succeed in Prop trading accounts:

No need to trade like a pro and capture 100 pips after making a thorough analysis.

Making 25 to 40 pips regularly in a day in 15/30/60 min chart with proven system

With proper risk management in order not to violate loss limits.
Intraday only.
  • #625,927
  • Sep 25, 2021 1:02pm Sep 25, 2021 1:02pm
Quoting navk
{quote} My sincere thoughts and advise to succeed in Prop trading accounts: No need to trade like a pro and capture 100 pips after making a thorough analysis. Making 25 to 40 pips regularly in a day in 15/30/60 min chart with proven system With proper risk management in order not to violate loss limits.
Hahah. Thats so humble navk. Yes. Your are correct. 1% a day will bring food to the table. Prop trading is for my savings. I got responsibilities bro. Got few other things running as well. need to show off sometimes.

PS - Your very true about your statement.
Fools Rushing
  • #625,928
  • Sep 25, 2021 1:31pm Sep 25, 2021 1:31pm
Quoting donfriday
A trading strategy is like a house, if the house building look alike the inside will never look alike because the person that live in the other house doesnt know what his/her neighbor has. in most cases houses dont look alike same way nobody look 100% like you even when you are twins. Now i want you to treat this business as such, i understand you want to be a success and you are always feeling like why me when you see someone post his trading setup and profit. stop looking at the money aspect and focus on the game you came to play, now develop...
I Salute You Sir
Price action, my best indicator.
  • #625,929
  • Sep 25, 2021 1:40pm Sep 25, 2021 1:40pm
Quoting MTF Test
{quote} Hahah. Thats so humble navk. Yes. Your are correct. 1% a day will bring food to the table. Prop trading is for my savings. I got responsibilities bro. Got few other things running as well. need to show off sometimes. PS - Your very true about your statement.

I see price falling but my brain is telling inflation will add pressure for sterling to rise against USD
the chart are definitely saying sell but the head is saying different

so in this situation i think 5 minute time frame has good use

1.36 - 1.39 maybe range bound??
  • #625,930
  • Sep 25, 2021 1:44pm Sep 25, 2021 1:44pm
Quoting donfriday
{quote} just curious if this will play out {image}
  • #625,931
  • Sep 25, 2021 1:48pm Sep 25, 2021 1:48pm
Next week a retest of weekly pivot area 1.38 before lower is a reasonable assumption
Attached Image (click to enlarge)
Click to Enlarge Name: cable11.jpg Size: 276 KB
  • #625,932
  • Sep 25, 2021 2:42pm Sep 25, 2021 2:42pm
Next week EuUsd will rise,
GbpUsd will follow.
Simple.
  • #625,933
  • Sep 25, 2021 3:49pm Sep 25, 2021 3:49pm
Quoting donfriday
{quote} .. take a look at the monday candle and rsi and look at thursday candle and rsi its a regular bullish DIV i want to see 138 then maybe sellers will attack more {image}
sorry to tell you..,
but your "rsi" is lying (?!) or you has drawn it incorrect

I posted about daily div. Bearish.., (showing by Stochastic not RSI ) on 20.09
https://www.forexfactory.com/thread/...7#post13713237

I put RSI on my daily chart to check.., ( because I am usually searching for divergence )
and I went to fxstreet to get another one
both (!!!) charts with RSI 14 agree that there is no bullish div. at "your" point

first chart is mine and.., blue vertical lines.., no div.
Attached Image (click to enlarge)
Click to Enlarge Name: 25 09 rsi div.JPG Size: 137 KB

second fxstreet' .., neither here

Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD rsi 25 09.png Size: 49 KB

dolce vita
  • #625,934
  • Sep 25, 2021 4:01pm Sep 25, 2021 4:01pm
somebody help, please
if anybody has already faced similar problem with uploading file "...From URL"

I receive it again and again...
Attached Image (click to enlarge)
Click to Enlarge Name: 25 09 inv file.JPG Size: 42 KB
doing it "usual" way
Attached Image (click to enlarge)
Click to Enlarge Name: inv my file loc.JPG Size: 67 KB

now I have to save "whatever" on my computer first and then I am able to post it ( uploading "...From Device" this time)
I do not understand why it happens
please
thank you
dolce vita
  • #625,935
  • Sep 25, 2021 4:15pm Sep 25, 2021 4:15pm
Quoting babayaga
{quote} sorry to tell you.., but your "rsi" is lying (?!) or you has drawn it incorrect I posted about daily div. Bearish.., (showing by Stochastic not RSI ) on 20.09 https://www.forexfactory.com/thread/...7#post13713237 I put RSI on my daily chart to check.., ( because I am usually searching for divergence ) and I went to fxstreet to get another one both (!!!) charts with RSI 14 agree that there is no bullish div. at "your" point first chart is mine and.., blue vertical lines.., no div. {image} second fxstreet'...

Why are you marking the highs and lows of candles against rsi close price for divergences?
  • #625,936
  • Sep 25, 2021 4:23pm Sep 25, 2021 4:23pm
Quoting babayaga
{quote} sorry to tell you.., but your "rsi" is lying (?!) or you has drawn it incorrect I posted about daily div. Bearish.., (showing by Stochastic not RSI ) on 20.09 https://www.forexfactory.com/thread/...7#post13713237 I put RSI on my daily chart to check.., ( because I am usually searching for divergence ) and I went to fxstreet to get another one both (!!!) charts with RSI 14 agree that there is no bullish div. at "your" point first chart is mine and.., blue vertical lines.., no div. {image} second fxstreet'...

look at your daily chart july august low , how did you get august low is lower than july low

you need to get a good broker with good data feed.
MY OPINION NOT FINANCIAL ADVISE
  • #625,937
  • Sep 25, 2021 4:32pm Sep 25, 2021 4:32pm
Quoting Scotteyy
{quote} Hello mate, sorry for the late reply. If I'm understanding correctly you use both the pivot created by Sundays data and a pivot created through Sundays and Fridays data. If this is correct that I agree 100%, price does tend to react to both of these which is why I hate trading Mondays. Too many levels to look at, too many opportunities for price reversal which I've found makes Monday a choppy price action day.
no "sorry"

yes, you got it right..,
btw.., about "a choppy price action day"
I think that Monday hardly can call this way because "ranging" Monday is a rare thing ( yes, it could happen sometimes )
"pure price action day" that how I used to call it.., there is no news, week starts and give you WPP.., and
price goes where she belongs - that how "perfect Monday looks like.., one direction movement


the days I likED the most were MONDAY and Thursday.., it has changed a little bit but I still think that it's the most "interesting" days of week
dolce vita
  • #625,938
  • Sep 25, 2021 4:42pm Sep 25, 2021 4:42pm
Quoting donfriday
{quote} look at your daily chart july august low , how did you get august low is lower than july low you need to get a good broker with good data feed.
no, it's trend line from lower time frame went and gave an "illusion" of long shadow of daily candle
I have with my broker:
July low 1.35708
August low 1.36011

P.S. I was talking about other thing.., don't try to change the subject..,
dolce vita
  • #625,939
  • Sep 25, 2021 4:45pm Sep 25, 2021 4:45pm
Quoting Wags
{quote} Why are you marking the highs and lows of candles against rsi close price for divergences?
"...against"

do not get
rewrite, please
if you have a time
thank you
dolce vita
  • #625,940
  • Edited 5:26pm Sep 25, 2021 4:49pm | Edited 5:26pm
Quoting babayaga
{quote} "...against" do not get rewrite, please if you have a time thank you

Well you are drawing lines of highs on chart but you have rsi option as close of candle so if you are marking highs then you need to set rsi as high instead of close to get your divergence

If rsi set to close then you need to draw your lines to close of candles otherwise its false

Here rsi is set to high and highs are marked, there is divergence between both which = true

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDailyhighs.png Size: 48 KB
252 traders viewing now