Cable Update (GBPUSD) | Page 31546 | 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)

  • #630,901
  • Oct 14, 2021 5:48am Oct 14, 2021 5:48am
Gbpusd trend has changed. Now selling down
  • #630,902
  • Oct 14, 2021 5:48am Oct 14, 2021 5:48am
Gone short after that rejection candle on 30 min target 1.367 stop 1.373
  • #630,903
  • Oct 14, 2021 5:54am Oct 14, 2021 5:54am
see you again, GL everyone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 77 KB
Daddy, Brother, Lover, Little Boy
  • #630,904
  • Oct 14, 2021 5:56am Oct 14, 2021 5:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 1A4F2277-4ADA-47A3-9B8E-612F2A5352A6.png Size: 128 KB
If I wasn’t long I would have taken a position as soon as price came back to test the line on the 1HR... Very tight stop loss say like 10 pips... but I have big positions opened with good profits.
price did not reject the resistance line on the 1HR so that’s enough to go long and give it a try.

Until the 4HR candle closes and opens above... the resistance is still Valid.

I believe the bulls came out in BigNumbers.
Attached Image (click to enlarge)
Click to Enlarge Name: AEC1FC6B-D7C7-40B5-BA2D-E4410308D723.png Size: 71 KB
My telegram: https://t.me/avidforex
  • #630,905
  • Oct 14, 2021 5:59am Oct 14, 2021 5:59am
...this prev 4hr/dly sw lo 3726-66 (on dly) then hi to 3751 remains the immediate near-term obstacle for the bulls. Price at the current dly/wkly hi has not entered the 4hr part of it yet. Price has travelled 90% of 30day adr so far today. U.s Cpi/Ppi data later may cause some fun? In that zone 38.2% is current yrly hi-lo, 4229-3411, and higher up 61.8% is of 3983-3411 move.

Last day for me tomorrow before going away late Monday next week for 3wks hols.

Dly below.
Attached Image (click to enlarge)
Click to Enlarge Name: 88a69e3ffd7b021392ef1d0bb3a4fb58.png Size: 40 KB
Trader with an Edge.
  • #630,906
  • Oct 14, 2021 5:59am Oct 14, 2021 5:59am
Quoting BigNumbers
I believe the bulls came out in BigNumbers.
Nice.
  • #630,907
  • Oct 14, 2021 6:01am Oct 14, 2021 6:01am
... to the downside 1hr is below. (there are other fibs of swings up from and including 3411 not shown on chart below.)
Attached Image (click to enlarge)
Click to Enlarge Name: 04ef68cb2ebd030c251f9cf43c16afd4.png Size: 70 KB
Trader with an Edge.
  • #630,908
  • Oct 14, 2021 6:02am Oct 14, 2021 6:02am
Lets waitinf NYO for my sell to get pawned xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #630,909
  • Oct 14, 2021 6:03am Oct 14, 2021 6:03am
Quoting mysterio
27th sept weekly high taken. Lets see if this was the target all along
I see we breached 27sept weekly high for liquidity, into m15 supply before selling off. Very cute, will make sure to markup weekly highs and lows from now on. Every day a school day. Once i'm a real pro I'll hopefully read this in advance and be longing up to here.
  • #630,910
  • Oct 14, 2021 6:08am Oct 14, 2021 6:08am
Quoting kris89
Lets waitinf NYO for my sell to get pawned xD
patience…
  • #630,911
  • Oct 14, 2021 6:08am Oct 14, 2021 6:08am
Quoting Pat Chiko
{quote} Art Of War analogy by Sun Tzu It's race to the hill Seven days war won by the bull. (daily consolidation) They're going for the next hill {image}
Add scalp

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211014_190722_261.jpg Size: 94 KB

The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!!

You can't win chess by not knowing your opponents, their goals, and the rules of the game.

Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc).

It took a while to figure it out but this is so true.

You MUST determine your odds (expectancy) over a series of trades or bets.

If you find a system with positive expectancy and enough opportunity, then you are trading.

If you have a system with negative expectancy then you are gambling.

People who play slot machines at the casino for example, are gambling.

They are playing in the hopes that they can catch a big win.

However, over a series of pulls of the slot, you will always lose because the expectancy is in the casino's favor.

Blackjack is the same.

Unless you are card counting, then that marginal edge in the casinos favor represents positive expectancy for them, not you.

In essence, you are gambling.
In the end it all comes down to which way expectancy is turned.

Keep chanting the mantra... "It will come down soon, it will crash, It has hit high, now we can short"

Sure... I will come down.... The question is WHEN

Trade what you see not what you hope or think what price want to do.

Like Headland put it. Market dont give even a rat ass concern on what you think. Lol....
(why rat? Not other animal)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #630,912
  • Oct 14, 2021 6:10am Oct 14, 2021 6:10am
Quoting Pat Chiko
{quote} Add scalp {image} The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!! You can't win chess by not knowing your opponents, their goals, and the rules of the game. Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc). It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are...
You're a true pro, very well done

Do you believe this is a real breakout from the consolidation or a false one ? I guess real

I was caught out by trading expectation this morning but like you say with repeated spins of the wheel I know when to step back and observe until I reevaluate
  • #630,913
  • Oct 14, 2021 6:12am Oct 14, 2021 6:12am
Quoting Mr.Burger
see you again, GL everyone {image}

e don dey sweet you



you are liking it more
MY OPINION NOT FINANCIAL ADVISE
  • #630,914
  • Oct 14, 2021 6:14am Oct 14, 2021 6:14am
Quoting Pat Chiko
{quote} Add scalp {image} The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!! You can't win chess by not knowing your opponents, their goals, and the rules of the game. Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc). It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are...

days ago you said you are very lucky
MY OPINION NOT FINANCIAL ADVISE
  • #630,915
  • Oct 14, 2021 6:14am Oct 14, 2021 6:14am
Quoting Pat Chiko
{quote} Add scalp {image} The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!! You can't win chess by not knowing your opponents, their goals, and the rules of the game. Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc). It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are...

I learned a lot following your trade. The PAT pattern
Trend following
  • #630,916
  • Oct 14, 2021 6:20am Oct 14, 2021 6:20am
Quoting mysterio
{quote} You're a true pro, very well done Do you believe this is a real breakout from the consolidation or a false one ? I guess real I was caught out by trading expectation this morning but like you say with repeated spins of the wheel I know when to step back and observe until I reevaluate
I do the observation at H1 Tf
Scroll back the chart to the area where price reacted to

See the OB and liquidity has exhausted there

It got nothing to stand against the invading bull

Most of supply has been vonsumed previously. With the current minor pull back. More supply is cosumed leaving hungry bull to go higher to find liquidity

Market need more seller now to join the pack so price can go higher

I will try to put up chart later

Now need to focus a bit on MM Aand trade management

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #630,917
  • Oct 14, 2021 6:20am Oct 14, 2021 6:20am
BTC long ...and DOW...

God bless everyone!

Edit:
sorry folks
don't pay attention to me
The only impartial feeling is love. It is also the only feeling of God.
  • #630,918
  • Oct 14, 2021 6:21am Oct 14, 2021 6:21am
Quoting Mr.Burger
{quote} good name, healthy of course
it is a name of restourant in the city i live
  • #630,919
  • Oct 14, 2021 6:23am Oct 14, 2021 6:23am
Quoting Pat Chiko
{quote} Add scalp {image} The chessboard is forex, the player on the other side is/are..., and what are the rules???!!!! You can't win chess by not knowing your opponents, their goals, and the rules of the game. Simple observation of how pieces move is not enough... You need solid theory behind pieces (such as indicators, leverages, etc). It took a while to figure it out but this is so true. You MUST determine your odds (expectancy) over a series of trades or bets. If you find a system with positive expectancy and enough opportunity, then you are...
you are the real braveheart
  • #630,920
  • Oct 14, 2021 6:25am Oct 14, 2021 6:25am
Quoting donfriday
{quote} days ago you said you are very lucky
Lucky to have good and like minded people to share knowledge and trade set up for each one of usto succed in Forex

Majority are good people here.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
502 traders viewing now, 2 are registered:
,