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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

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  • Post #640,641
  • Quote
  • Nov 20, 2021 7:26am Nov 20, 2021 7:26am
  •  Jolita
  • Joined Jan 2012 | Status: Online | 1,995 Posts
Quoting Houtbay
Disliked
Jolita Happy birthday wish you a straight road ahead and only good things. Where is your name from?
Ignored
Thank you Houtbay!

Its a lithuanian name.
Originated from Hungarian name Johelet (which comes from Greek name Helene). Origin of the name Helena: Cognate of the Greek Helenē, which is derived from the root ēlē (light, torch, bright). The name is borne in Greek legend by the beautiful wife of the king of Sparta. Her abduction by the Trojan prince Paris sparked off the Trojan War.
Staying positive
 
 
  • Post #640,642
  • Quote
  • Nov 20, 2021 7:38am Nov 20, 2021 7:38am
  •  Jolita
  • Joined Jan 2012 | Status: Online | 1,995 Posts
Quoting Jolita
Disliked
If any interested in Baba trades for tomorrow, expect nice moves. Etoro market update - {image}
Ignored
Have any traded any of the companies who has released earnings?
Huge moves happened with up to 10% drop or rise.
Now all that came down has to come up.
Baba dropped 2000 pips.

All stocks affected will be reversing soon.

Article -
https://www.cnbc.com/2021/11/18/stoc...-and-more.html
Staying positive
 
 
  • Post #640,643
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  • Nov 20, 2021 7:40am Nov 20, 2021 7:40am
  •  tiborf71
  • Joined Apr 2011 | Status: rookie | 3,005 Posts
Quoting donfriday
Disliked
My Gu view.. trend remain bearish with clear rejection from area of value looking for target between 132 5th touch of the descending channel should give us a break to the upside ...maybe months {image}
Ignored
one of our strongest weapons, the trend of channel-based trading. using different time frames + confirmations.
no doubt.
 
 
  • Post #640,644
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  • Nov 20, 2021 8:11am Nov 20, 2021 8:11am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 2,754 Posts
My wife was born in Vilnius in Lithuania. Unusual name you have. Enjoy your special day.
 
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  • Post #640,645
  • Quote
  • Edited at 8:50am Nov 20, 2021 8:30am | Edited at 8:50am
  •  Headland
  • Joined Apr 2020 | Status: trading | 3,502 Posts
If support & Resistance didn't exist - we'd have to invent it. Trading 101 text-book day of sell @ res, buy @ supp on Friday with the day closing with a > 30day adr bearish candle. The small range < 13wk awr week (59%) closed with a bullish-bodied candle - a kind of an inverted hammer ish candle. So far this month of Nov, 80% of 6mth amr travelled by price.

* Dly and Wkly classic downtrends are still intact with the close of the weekly candle creating another fractal LL in it's downtrend @ 3353. The close of Friday's dly candle creates another LH in it's downtrend @ Thursday's 3513 hi. The weekly 3513 hi is in that prev wkly sw lo zone that extends to circa 3535 = prev supp = pot sbr.
* 1hr/4hr close the week rangy (-bearish?)

Good observation by Bones earlier (always) re Biden's choice of next fed chair. I'm not sure 1hr/4hr are currently of any help in determining what might be near-term overall future direction. There will be longer-term bears encouraged by Friday's drop from that wkly sbr, and the intact classic wkly & dly downtrends. 20/50/100 ema's 5min - dly are all crossed down @ the close, (other than 4hr.)

Anything can happen. Be lucky.

Wkly, Dly, then 4hr below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
 
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  • Post #640,646
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  • Nov 20, 2021 8:42am Nov 20, 2021 8:42am
  •  donfriday
  • Joined Jan 2009 | Status: WHO AM I €&$ ? | 6,643 Posts | Invisible
Quoting tiborf71
Disliked
{quote} logical, the possible scenario. based on your system.
Ignored


every opinion you read about the market is logical how the person read the market and mostly match with others
 
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  • Post #640,647
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  • Nov 20, 2021 8:47am Nov 20, 2021 8:47am
  •  Jolita
  • Joined Jan 2012 | Status: Online | 1,995 Posts
Quoting Houtbay
Disliked
My wife was born in Vilnius in Lithuania. Unusual name you have. Enjoy your special day.
Ignored
Is she? You are lucky one then
I love Vilnius. Have you visited yet?
I am more from central Lithuania, for studies moved to the Baltic sea side, later lived and worked in Palanga for some time.
Since 2000 living in London, Uk. Missing LT, life is more relaxed there, beautiful country.


For those who has no idea about Lithuania -

https://youtu.be/WH9mTk1mxkI
Staying positive
 
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  • Post #640,648
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  • Nov 20, 2021 9:25am Nov 20, 2021 9:25am
  •  montygoldy
  • Joined May 2017 | Status: Intermediate Trader | 1,690 Posts
Quoting Jolita
Disliked
{quote} Wow, nice dreaming - £25,500/week x 52 = £1,326,000 Not easy to achieve trading FX, trading crypto, possible, also extremely too easy to blow.
Ignored
focus and dedication anything is possible
Extreme gut feeling trader
MontyGoldy - 10pips a day Return This Week: na
 
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  • Post #640,649
  • Quote
  • Nov 20, 2021 9:47am Nov 20, 2021 9:47am
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 11,564 Posts
Quoting Georginson
Disliked
{quote} Please check post #640650...
Ignored
#640650?

 

  1. Post 640,624
  2. Cleanup
  3. Quote
  4. Nov 19, 9:54pm (8 hr ago)


#640650 was in the future when posted your reply #640,624!

Typo or Crystal Ball? Cheers, Mate!


EDIT: It was a typo:

 

  1. Post 640,560
  2. Cleanup
  3. Quote
  4. Nov 19, 9:23am (21 hr ago)


Is there a mistake on the chart?

My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
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  • Post #640,650
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  • Nov 20, 2021 10:09am Nov 20, 2021 10:09am
  •  tiborf71
  • Joined Apr 2011 | Status: rookie | 3,005 Posts
Quoting donfriday
Disliked
{quote} every opinion you read about the market is logical how the person read the market and mostly match with others
Ignored
well yes, but there are systems that seem logical,strategies. which is just an appearance. because they don't work in the long run.because it has been tested in the past over many years.
some of these bad systems are also exposed to this site.

but by using channel trading properly, you can make money with it in the long run js.
 
 
  • Post #640,651
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  • Nov 20, 2021 10:36am Nov 20, 2021 10:36am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,297 Posts
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cable is also bottom channel
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#doyourownanalysisordietryin
 
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  • Post #640,652
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  • Edited at 1:58pm Nov 20, 2021 10:52am | Edited at 1:58pm
  •  Nordling
  • Joined Apr 2021 | Status: Mamba Mentality. | 2,781 Posts
Quoting Bones
Disliked
{image} cable is also bottom channel {image}
Ignored
Will EU and GU reverse or continue going down?
 
 
  • Post #640,653
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  • Nov 20, 2021 11:06am Nov 20, 2021 11:06am
  •  nAVIN2007
  • Joined Dec 2007 | Status: mac daddy junior :) | 21,203 Posts
Quoting Jolita
Disliked
{quote} I dont like celebrating, not a party person. It is a special day to me, I make my life, my day as special a like to be, it's a happy day. I treat myself, usually I take a day off, and enjoy every second of it. I follow this quote 'The way you treat yourself, the way they treat you' . Thank you for your wishes. Appreciate, J
Ignored

Belated Happy Birthday..I hope today or when u read this is even better
 
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  • Post #640,654
  • Quote
  • Nov 20, 2021 12:12pm Nov 20, 2021 12:12pm
  •  OnlineAddict
  • Joined May 2014 | Status: Veteran | 8,480 Posts
Late as always, since I rarely read non-trading posts lately, BUT happy birthday Jolita.
Everyone can see the chart, but only a few can actually read it.
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  • Post #640,655
  • Quote
  • Nov 20, 2021 3:40pm Nov 20, 2021 3:40pm
  •  dimitricss
  • Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
Happy birthday jolita ..
Trade with prediction = witch with her visions lol
 
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  • Post #640,656
  • Quote
  • Nov 20, 2021 6:48pm Nov 20, 2021 6:48pm
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,717 Posts
Happy birthday jolly Bean ! Wish you all the best and always be the best !

Dont forget to slice the cake for adding 1 year to your age !

Just a little living Thing

Kris
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
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  • Post #640,657
  • Quote
  • Nov 21, 2021 12:22am Nov 21, 2021 12:22am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 2,039 Posts
Quoting bilal1947
Disliked
Price has to eventually sell but is it started? if RN 1.34 broken, yes its sell {image}
Ignored
Price is still above 1.3400, dont make your mind where price will go else mind will block to see the story happening on the other side, stevepatt always emphasize this to just follow the price
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Extend it out in Time !! Faith, Discipline, Patience, Prayers, Hard-work !!
 
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  • Post #640,658
  • Quote
  • Nov 21, 2021 1:34am Nov 21, 2021 1:34am
  •  ZeroLag
  • | Joined Jun 2020 | Status: Member | 650 Posts
Quoting ZeroLag
Disliked
{quote} 1.34 held, bullish close today and we have a chance to rally back to 1.3540/65, I'm going to wait for a play back to the downside I guess {image}
Ignored
Still think that's good resistance, still waiting for something to develop. One thing to note was last week was an inside week and that makes me more cautious.
Get the Lag out
 
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  • Post #640,659
  • Quote
  • Nov 21, 2021 7:48am Nov 21, 2021 7:48am
  •  Temujin
  • Joined Dec 2013 | Status: Member | 1,333 Posts
Quoting ZeroLag
Disliked
{quote} Still think that's good resistance, still waiting for something to develop. One thing to note was last week was an inside week and that makes me more cautious.
Ignored
Fundamentals have turned negative for GBP/USD because there is a loose correlation with risk-on sentiment and stock indexes. Australia going into lockdown near the same time with countries in Europe. When I saw oil plummet Friday it was like a signal for stocks and risk currencies to sell off this week.
Some Fed member talking about DOUBLING the taper amount in January which may imply rates might rise sooner than once thought. Going to be interesting, this might be the week we see stocks correcting in a more substantial way.
Be humble or be humbled.
 
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  • Post #640,660
  • Quote
  • Nov 21, 2021 8:26am Nov 21, 2021 8:26am
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,297 Posts
Quoting Nordling00
Disliked
{quote} Will EU and GU reverse or continue going down?
Ignored
eu is bearish , under the immediate tl ,
I did think that could be h+s but its not perfect ,difficult to know the neck
hey it's real life I accept things can be slightly off ,but not major off the rules
but eu is also over a major multi year tl ,

Quarterly shaven inverted after dark cloud made wonder ,but only one of those are high probability ,now proven by market even after a bullish looking yearly
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#doyourownanalysisordietryin
 
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