Cable Update (GBPUSD) | Page 32267 | 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)

  • #645,321
  • Dec 16, 2021 9:59am Dec 16, 2021 9:59am
Quoting Moty
{image}
61.8 is a good area for me. I saw that price made double bottom, i’m expecting it to reach 100% level first. Maybe..

Shorter term, I would like to add long at 1.33120 with tight SL, if it doesnt fill my requirements, then no trade
  • #645,322
  • Dec 16, 2021 10:03am Dec 16, 2021 10:03am
Quoting DrDave
{quote} You need to put a TF that you are using to arrive at 1.363. and 1.41. High TFs such as MN may not show any worthwhile resistance at those levels whereas smaller TFs might.
Ok Timeframe sorry
POSTMASTER
  • #645,323
  • Dec 16, 2021 10:06am Dec 16, 2021 10:06am
Quoting Robinhood1
{quote} Ok Timeframe sorry
TF is irrelevant to me as i get the calculator and work out targets no matter what TF. I do display from 1 m to 2 hours just to see the picture nothing else
POSTMASTER
  • #645,324
  • Dec 16, 2021 10:09am Dec 16, 2021 10:09am
Quoting Georginson
Hello guys, the last 24 hours has produced quite some moves of around 200+ pips and notably 1.3330 decider price did break, now the big question is can we close above it and maintain movement above this 1.3330? Failure to do so is a certain invitation of 1.3080 after the cheerful news of BOE rate hike fades away. In simple Summary: Above 1.3330 means 1.3520 Below 1.3330 means 1.3080 (My Likely Scenario) Either of these prices is poised to happen in the remaining days of this December, except if December range produces less than 300 pips range. Below...
Our superstar. Lol... Good job man.

On a second thought, the daily and 4hr do actually signify that a bottom has been put in. I highly doubt that price can break down 3170 this year, and many Decembers the theme is always sell dollar. But if we do break down back below 3280 then we might have a bear Christmas. Kudos to your predictions. Probabilities and math beat every other method so long as I am concerned. They work most times.
  • #645,325
  • Dec 16, 2021 10:10am Dec 16, 2021 10:10am
If you look at the chart you can see it has reached about 250 pips from 13630. This can be done in 1 day. I have been trading since 2001 and untill a few years pairs could travel 600 pips per week easy. Now seem to be more contained. Note than i have even seen 1000 pips in 5 minutes, very rare but possible
POSTMASTER
  • #645,326
  • Dec 16, 2021 10:25am Dec 16, 2021 10:25am
Quoting Mitiblotch
{quote} Our superstar. Lol... Good job man. On a second thought, the daily and 4hr do actually signify that a bottom has been put in. I highly doubt that price can break down 3170 this year, and many Decembers the theme is always sell dollar. But if we do break down back below 3280 then we might have a bear Christmas. Kudos to your predictions. Probabilities and math beat every other method so long as I am concerned. They work most times.
Thanks for the compliment mate. Please let's take note that 7 years of the last 10 years Decembers have produced the yearly high or low price of the year while 3 years December have produced the lowest prices of the year (December 2014, 2018 and this Current December 2021).

Also noteworthy that The lowest December range in the last 10 years is 250 pips (December 2017) and this Current December 2021 range is 213 pips (1.3160 - 1.3373) which means at least 37 more pips is expected to match the lowest December ranges of 250 pips... Which means either the high of 1.3373 or the low of 1.3160 will break marginally by at least 37 more pips (1.3410 or 1.3123) looks almost imminent to be seen before year end.

In addition, lowest Monthly range this year 2021 is 345 pips, which means possibility of additional 140 more pips to break either 1.3160 or 1.3373 cannot be ruled out... The Decider is strictly 1.3330...

Regards,
George.
Data + Stat + Risk/Emotions Management
  • #645,327
  • Dec 16, 2021 10:53am Dec 16, 2021 10:53am
tomorrow i expect up
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20211216_18.50.png Size: 81 KB
MY OPINION NOT FINANCIAL ADVISE
  • #645,328
  • Dec 16, 2021 11:04am Dec 16, 2021 11:04am
Quoting Mitiblotch
3320 breached. Waiting for reaction at the next place which is 3000. If breached I wait for 32800. The 1 minute chart can show you so many things in this world. {image}
Can you explain what you mean by 1MIN chart can show many things?
I find anything from M15 and under very noisy
  • #645,329
  • Dec 16, 2021 11:20am Dec 16, 2021 11:20am
Quoting Georginson
{quote} Thanks for the compliment mate. Please let's take note that 7 years of the last 10 years Decembers have produced the yearly high or low price of the year while 3 years December have produced the lowest prices of the year (December 2014, 2018 and this Current December 2021). Also noteworthy that The lowest December range in the last 10 years is 250 pips (December 2017) and this Current December 2021 range is 213 pips (1.3160 - 1.3373) which means at least 37 more pips is expected to match the lowest December ranges of 250 pips... Which means...
I called you superstar for a reason. You spit out math,probabilities and statistics like a professor. You have earned your stripes. Kudos. And like I said earlier, your way is the best and easiest.
  • #645,330
  • Dec 16, 2021 11:29am Dec 16, 2021 11:29am
Quoting TrickorTrade
{quote} Can you explain what you mean by 1MIN chart can show many things? I find anything from M15 and under very noisy
On that chart i posted are special levels which algos are said to gravitate to. The one minute is noisy except when you need precise levels for entry. So when price hits each level or I have to dig down to 1 min TF to see if it is holding there as support or resistance. This should give me the confidence to pull the trigger. I usually don't use it due to a lot of factors that distract me from trading. However, if I do, I usually can pinpoint a resistance or support perfectly. For example as price fell I saw minor support forming at 3220 I bought it and exited at 3227 for 7pips profit because I saw price turning back down.

With it I can actually scalp "big lots" on a $100 account, for example. Not to be tried at home. Lol...
  • #645,331
  • Dec 16, 2021 11:33am Dec 16, 2021 11:33am
Quoting Jolita
{quote} That's what I had in mind too (up). Atm daily swiping out both ways, yesterday, double top, today double bottom. We know isn't easy, sl's will be hit before we know it. Still is a good clue for GU trend. We'll see where we go tomorrow. Also need to look at weekly / monthly chart for wider picture. At swimming , c u
I posted the weekly print about 7hrs ago
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #645,332
  • Dec 16, 2021 11:37am Dec 16, 2021 11:37am
its hard to go up thats all
Attached Image (click to enlarge)
Click to Enlarge Name: 001 GBPUSD-Daily.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #645,333
  • Dec 16, 2021 11:42am Dec 16, 2021 11:42am
Quoting Mitiblotch
{quote} I called you superstar for a reason. You spit out math,probabilities and statistics like a professor. You have earned your stripes. Kudos. And like I said earlier, your way is the best and easiest.
Hi Miti, i first called George Superstar. Acknowledge me now or .... However, I'm bearish if 1.34 does not break. I miss Wavegarrick and Navin ( whom I dub the trade mover. I know Navin is buying and that's why it is buying. Please Navin Sell let us enjoy this holiday well) ,
  • #645,334
  • Dec 16, 2021 11:42am Dec 16, 2021 11:42am
Quoting Bones
its hard to go up thats all {image}
What do you think?
  • #645,335
  • Dec 16, 2021 12:18pm Dec 16, 2021 12:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: 01 GBPUSD-4-hours.png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #645,336
  • Dec 16, 2021 2:12pm Dec 16, 2021 2:12pm
Yesterday candle close we have a lost steam bull with correction almost half of candle move xD so today if yesterday high not break or making a HL we could expect to see some ranging triangle again till next week
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #645,337
  • Dec 16, 2021 3:03pm Dec 16, 2021 3:03pm
dix and swissy been flirting with supports eu resistance 4hr, possible us$ appreciation on the cards, should see gu bo north as fake, but daily is looking very bullish, nice battle in progress, to end the year on:-)
If you are new to Forex? Say Goodbye to your account!!
  • #645,338
  • Dec 16, 2021 4:40pm Dec 16, 2021 4:40pm
Bounced off 1.3200 (38.2% Fib) on the daily chart. It looks like it will rise to 1.3570.
  • #645,339
  • Dec 16, 2021 7:43pm Dec 16, 2021 7:43pm
looks like everybody ready for weekend lol
  • #645,340
  • Dec 16, 2021 7:54pm Dec 16, 2021 7:54pm
buy again @1.33185 , i love weekend




"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
294 traders viewing now, 1 is registered:
purdoy81