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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

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  • Post #649,061
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  • Edited at 9:47am Jan 21, 2022 9:23am | Edited at 9:47am
  •  Wavegarrick
  • Joined Sep 2017 | Status: Member | 2,428 Posts
Quoting Milan
Disliked
{quote} Hi WG, I am afraid EG is still in downtrend, not sure about it, but look at GBPCHF - uptrend and now at 50% retracement {image}
Ignored
Hi Milan,
I don't usually look at correlations with the pound vs swissy and the euro. Euro is oppositely correlated to the Frank and that's as far as it goes. I am afraid if I do look at others I will get myself into a flat spin.
EG is at historical levels and if 0.8300 goes it will put this pair into a whole new dimension. Not saying it won't happen and if it does it will obviously upset the apple cart.
See green highlighted area. Also lines up with my monthly 200 ma.
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When it comes to GbpChf I trade what I see. If we don't get a bounce from 1.23500 I will close this trade.

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Cheers.
Trade to Trade another day.
 
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  • Post #649,062
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  • Jan 21, 2022 9:23am Jan 21, 2022 9:23am
  •  post
  • Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,900 Posts
Quoting bigiivan
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{quote} It is going to be a wonderful year, Leon! Start to enjoy from now!
Ignored
Cheers mate

Happy Trading
Profit is not profit until you BANK it
 
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  • Post #649,063
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  • Jan 21, 2022 9:31am Jan 21, 2022 9:31am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 17,473 Posts | Invisible
Quoting Nd10
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{quote} Are you Now a seller Fontu? Thought you are heavily bullish?
Ignored
Long finish and short this week also all tp closed as 3563 was arbitrary support line. Now watching only. Bull still not over though, let's see what next 2/3 weeks play!
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  • Post #649,064
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  • Jan 21, 2022 9:32am Jan 21, 2022 9:32am
  •  bigiivan
  • Joined Jun 2018 | Status: Brother | 3,720 Posts
Quoting post
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{quote} Cheers mate Happy Trading
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Ooo, welcome, brother!
Visit this forum more often. Your posts are gift for our eyes.
"I feel strong because I am bul..."
 
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  • Post #649,065
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  • Jan 21, 2022 9:48am Jan 21, 2022 9:48am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,387 Posts
The crooks are trying to shake buyers
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  • Post #649,066
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  • Jan 21, 2022 9:58am Jan 21, 2022 9:58am
  •  Mr.Burger
  • Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Quoting Moty
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The crooks are trying to shake buyers {image}
Ignored
fly like a bird
Daddy, Brother, Lover, Little Boy
 
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  • Post #649,067
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  • Jan 21, 2022 10:00am Jan 21, 2022 10:00am
  •  erap
  • Joined May 2009 | Status: Member | 138 Posts
No movement.
Waiting for Yellen's speech :
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  • Post #649,068
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  • Jan 21, 2022 10:04am Jan 21, 2022 10:04am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2,955 Posts
Quoting Mr.Burger
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{quote} fly like a bird
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  • Post #649,069
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  • Jan 21, 2022 10:05am Jan 21, 2022 10:05am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 5,950 Posts
Quoting Mr.Burger
Disliked
{quote} fly like a bird
Ignored
What do you see? I want to give up on my 3563 longs. EU bulls are quite strong while here price keeps falling and may keep doing so. I expected a good bounce from 3555 but nothing. And unfortunately, when and if EU takes a dump this idiot might take a double dump.

There are tiny equal tops on the way up and usually will get taken. Of 3550 holds today then good for Monday.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
 
  • Post #649,070
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  • Jan 21, 2022 10:09am Jan 21, 2022 10:09am
  •  Mr.Burger
  • Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Quoting Mitiblotch
Disliked
{quote} What do you see? I want to give up on my 3563 longs. EU bulls are quite strong while here price keeps falling and may keep doing so. I expected a good bounce from 3555 but nothing. And unfortunately, when and if EU takes a dump this idiot might take a double dump.
Ignored
3550 exceed bull disappear
Daddy, Brother, Lover, Little Boy
 
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  • Post #649,071
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  • Jan 21, 2022 10:17am Jan 21, 2022 10:17am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 5,950 Posts
Quoting Mr.Burger
Disliked
{quote} 3550 exceed bull disappear
Ignored
I'm out.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
 
  • Post #649,072
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  • Jan 21, 2022 10:18am Jan 21, 2022 10:18am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,387 Posts
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  • Post #649,073
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  • Jan 21, 2022 10:19am Jan 21, 2022 10:19am
  •  Mr.Burger
  • Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Quoting Mitiblotch
Disliked
{quote} I'm out.
Ignored
me too.
Daddy, Brother, Lover, Little Boy
 
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  • Post #649,074
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  • Jan 21, 2022 10:22am Jan 21, 2022 10:22am
  •  Abeeha
  • Joined May 2019 | Status: Give respect to every one | 285 Posts
Quoting Mr.Burger
Disliked
{quote} me too.
Ignored
mee toooo
 
2
  • Post #649,075
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  • Jan 21, 2022 10:27am Jan 21, 2022 10:27am
  •  bleeze
  • Joined Jun 2013 | Status: Member | 755 Posts
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cut your losses short and let your profit run
 
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  • Post #649,076
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  • Jan 21, 2022 10:39am Jan 21, 2022 10:39am
  •  palpite
  • Joined Sep 2015 | Status: Under Pressure | 2,915 Posts
Quoting Moty
Disliked
The crooks are trying to shake buyers {image}
Ignored
The same trend line, was support and now is resistence.

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Together we can be strongest
 
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  • Post #649,077
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  • Jan 21, 2022 10:53am Jan 21, 2022 10:53am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 17,473 Posts | Invisible
Pa now, 3526 may test next! May try for weekly close 3565! Let's see
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  • Post #649,078
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  • Jan 21, 2022 11:02am Jan 21, 2022 11:02am
  •  Moty
  • Joined Dec 2017 | Status: Member | 18,387 Posts
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  • Post #649,079
  • Quote
  • Jan 21, 2022 11:14am Jan 21, 2022 11:14am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 17,473 Posts | Invisible
Perfect to dive down next, may last this week! 3526 next sr!
 
2
  • Post #649,080
  • Quote
  • Jan 21, 2022 11:50am Jan 21, 2022 11:50am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,831 Posts
Quoting mysterio
Disliked
i hit a couple 3 pip stops already we need to break above 1.3573 SRF to prove this was a liquidity move and not a breakout triple tap now, do or die for bulls {image}
Ignored
Did not catch a buck today, buy was the wrong call. When I made this post price was compressing on low volume and did a fakeout push above the equal highs-- it was obviously time to TP and reverse sell. In hindsight obv. Against my better judgement i'm in one last hail mary long-- stop at BE, then i'm done !

Monday is a new day !
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