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Why is GBPUSD called cable? 67 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

wish me a big luck ( i will kiss ya all if i successed this )
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Quoting Nd10
{quote} 1.2? Wow
not happening soon but on yearly chart it will and may take a year
I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting W0lfram
{quote} Принимается
Quoting Bones
This year looks like indecision ,its the doji I was thinking/posting months back , also it has the lowest range in all time history it shows - to say it has to hit any historic range is a dangerous way forward ,it does not have to go too prior lowest year range(s) at all. In a nutshell this is the worst year ive ever seen with regard to volume and price action .Im looking at a super ugly weekly that often is not clear , But right now ,this week the chart is Crystal Clear ,no way would I short into it this week ,could be it would reach to actual...
With all due respect, I have to disagree with this statement of yours that 'it has the lowest range in all time history it shows'

Below are yearly ranges from 2011 to this year 2021

2011 = 1.6744 - 1.5272 (1472 pips range)
2012. = 1.6308 - 1.5235 (1073 pips range)
2013. = 1.6577 - 1.4813 (1764 pips range)
2014. = 1.7189 - 1.5485 (1704 pips range)
2015. = 1.5928 - 1.4565 (1363 pips range)
2017. = 1.3656 - 1.1986 (1670 pips range)
2018 = 1.4375 - 1.2475 (1900 pips range)
2019 = 1.3513 - 1.1957 (1556 pips range)
2020 = 1.1409 - 1.3667 (2258 pips range)
2021 = 1.3160 - 1.4249 (1089 pips range)

This Year 2021 Range (1089 pips) is identical to Year 2012 Range (1073 pips).

The sooner traders start understanding that Ranges mean Distance Covered and Exchange Rate responds to Distance covered the better prepared and profitable they will be.

Cheers,
George.

Quoting TooSlow
{quote} {image}
Impressive data and price representation as usual.... Let's get better for year 2022. Good job mate.
Swing and Intraday
Quoting Georginson
{quote} This Year 2021 Range (1089 pips) is identical to Year 2012 Range (1073 pips).
Very correct. The next 8-9 years will have ranges around (or bigger than) ~1500 pips. Until the next lousy ~1000 pips year does come and pay us a visit once again...
Maadik Hugiis. IQ 69.
Quoting Georginson
{quote} With all due respect, I have to disagree with this statement of yours that 'it has the lowest range in all time history it shows' Below are yearly ranges from 2011 to this year 2021 2011 = 1.6744 - 1.5272 (1472 pips range) 2012. = 1.6308 - 1.5235 (1073 pips range) 2013. = 1.6577 - 1.4813 (1764 pips range) 2014. = 1.7189 - 1.5485 (1704 pips range) 2015. = 1.5928 - 1.4565 (1363 pips range) 2017. = 1.3656 - 1.1986 (1670 pips range) 2018 = 1.4375 - 1.2475 (1900 pips range) 2019 = 1.3513 - 1.1957 (1556 pips range) 2020 = 1.1409 - 1.3667 (2258...

thats very good insight

i have notice that the major Price action for the range 99% kickoff from particular round number of 500-1000 pip range


example round numbers like 1.40 1.35 1.30

i would love to see 1.30 and 1.29 if the sell off from 1.35 work
I NEVER LOSE/=I EITHER WIN OR LEARN
Excluding this week data
Yearly POC 1.3834 and price just below VAL 1.355
Make your conclusions.

Prev.
POC 1.294, close above VAH

So ≈1.294 - 1.3834 is the first estimation. +/-
Quoting MoneyZilla
{quote} Very correct. The next 8-9 years will have ranges around (or bigger than) ~1500 pips. Until the next lousy ~1000 pips year does come and pay us a visit once again...
Absolutely spot on observation...

Quoting donfriday
{quote} thats very good insight i have notice that the major Price action for the range 99% kickoff from particular round number of 500-1000 pip range example round numbers like 1.40 1.35 1.30 i would love to see 1.30 and 1.29 if the sell off from 1.35 work
You are right Don, those round numbers were really the trade spots this year, that sell off to 1.30 area looks almost imminent. Good sight Don.
Swing and Intraday
starting short here

maybe
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I NEVER LOSE/=I EITHER WIN OR LEARN
3512 breaks successfully and may try 3571 before a correction towards limit 1.3373!!so next a top failure possible after a spike up or ranging top play! Take care, fontu
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All I can say is to watch out for the 200EMA on the daily which is around 1.3590.....
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just a start at the end of the tunnel upsss at the end of 2021

let it go ....
not euphoria follower
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We just hit 7396 currency inverted yesterday and now we are at same point again. Natural law resistence

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Guardian Angel
Two Clocks All Time Return: -16.0%
Quoting Robinhood1
We just hit 7396 currency inverted yesterday and now we are at same point again. Natural law resistence {image}
Lobby´s algo is pushing based on traders information only. Will not trespass
Guardian Angel
Two Clocks All Time Return: -16.0%
so the whole forum is bullish. watch them dump hard on tuesday. i still see a visit of 1.31 in next few days. there is no logical reasoning for whatever that happens in december.

Happy New Year to everyone here
Quoting KiwiTrada
{quote} have added 2nd lot 1805 29 same sl, also looking to sell cable psych 1 3500 up to 1 3511 anywhere in there sl will be 17pips kiwi also at top of 4hr range (29 candles) 6843 sl cheap 13 pips
still holding, bit like pulling teeth, but holding, pressing support hard now 4hr tad below psych 1 35 (good) need a hammer or something to kick of downwards :-)
pa now 1 3498
If you are new to Forex? Say Goodbye to your account!!
Pair just keeps climbing.
On the weekly, 1.37 seems tempting for bears looking for a good price to short for 100's, even 1000 pips.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting kuroro001
Worth a short here 3498 tp around max down to 3435 for now
adding small short 3512 for 3450/70 tp
COT: The precious data ignored
Inverted
3 main supports. Last one very powerful

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Guardian Angel
Two Clocks All Time Return: -16.0%
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