Cable Update (GBPUSD) | Page 32505 | 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)

  • #650,081
  • Jan 30, 2022 11:36am Jan 30, 2022 11:36am
looking for monday to take out 1.3432 the algos are ready.
  • #650,082
  • Jan 30, 2022 12:27pm Jan 30, 2022 12:27pm
Quoting Jolita
{quote} You should be alright with your longs. BOE rate votes next week. Inflation GBP is rising, numbers pretty bad. Analysts have predicted that the central bank will increase its interest rate by 0.25 per cent on February 3. Also rates predicted to hike four times to 1.25% by the end of 2022, above the level of 0.75% expected by most economists this year. I think we are in bearish continuation to at least 1.32, possible reversal from there. Good luck!
we gonna up..trust meh
  • #650,083
  • Jan 30, 2022 12:32pm Jan 30, 2022 12:32pm
Quoting Wavegarrick
{quote} The last day of the month tomorrow, and my monthly pivot at 1.34159 (magnet) reached, unsurprisingly. My future weekly pivot at 1.34360 should be tested and 1.34500 for an overshoot. I will be looking for rejection signals around here. We are clearly in a medium-term downtrend but a break above 1.34500 will leave me waiting for a strong close above 1.35000 before considering longs. Have a great week, Cheers {image}

I'm pretty much thinking same thing
But 1.34 is also confluence with 61.8 fib..it could be a turning point

I wish us both excellent fortune!! we deserve it
  • #650,084
  • Jan 30, 2022 12:46pm Jan 30, 2022 12:46pm
Quoting Georginson
Hello Guys, brace yourselves for wild moves in the next 6 trades days, there is BOE rate decision which will provoke between 200 - 440 pips Volatility in the next 6 trade days and this calls for a great deal of caution. January 31st to February 8th forecast and clues: ✓ 1.3260 will be seen by or before 8th February which may also trigger 1.3145. *(only a break and close above 1.3460 between 4th and 5th of February will invalidate 1.3260 by or before 8th February) Trade with utmost caution. Cheers, George.
all depends where the algos take it but right now it appears to be higher.
  • #650,085
  • Jan 30, 2022 12:52pm Jan 30, 2022 12:52pm
Quoting Techanalyst
{quote} It is from RBC (Royal Bank of Canada) forecast website. It is very reliable, more reliable than any of us here for sure. But it is medium to long term analysis. So if you like to protect your investment and earn good amount of money, approach this business professionally that is the way to go, if you like to gamble, flip a coin to take the trade, you can either day trade and guess or just use strictly charts with magic trend lines that do not absolutely work on the charts in anyway. But I am sure you are smart you will go with the bank analysis....
Thank you for the links, useful.

Lots of good traders on here, really lucky this thread exist.
You have to learn to filter everyones information and adjust to your needs. I make my own trading decisions. I wish I could dedicate 100% of my time in trading, unfortunately only trade when I can. Really I can call myself evening trader

Good luck, J
  • #650,086
  • Jan 30, 2022 12:55pm Jan 30, 2022 12:55pm
Quoting Georginson
Hello Guys, brace yourselves for wild moves in the next 6 trades days, there is BOE rate decision which will provoke between 200 - 440 pips Volatility in the next 6 trade days and this calls for a great deal of caution. January 31st to February 8th forecast and clues: ✓ 1.3260 will be seen by or before 8th February which may also trigger 1.3145. *(only a break and close above 1.3460 between 4th and 5th of February will invalidate 1.3260 by or before 8th February) Trade with utmost caution. Cheers, George.
Hi G,

if the volatility within 400 pips, that mean breaking a major level (1.33) heading to it's 50% (1.30).

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 3350.png Size: 74 KB


but the last move up was 100% of a major 1/8th (600 pips) , from 6/8 (1.315) to 6/8 (1.375) , and retraced 5 levels = 62.5% (major retracement level for both GANN and Fibonacci(61.8%)).

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 3430.png Size: 49 KB


if the price hold above 1.33 , we should see an equal move size of 100% up (600 pips) around 1.39

I agree with you, we should trade with caution the next week.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #650,087
  • Jan 30, 2022 1:24pm Jan 30, 2022 1:24pm
Quoting Bones
{quote} what that far ? {image}
Yep.
Many think they tend to wait too long before adjusting their policies.
E.g. They let the economy heat up too much before raising there rates, which then then causes a more violent market correction.
Compulsions can be hard to resist
  • #650,088
  • Jan 30, 2022 2:12pm Jan 30, 2022 2:12pm
Quoting trumps
{quote} Yep. Many think they tend to wait too long before adjusting their policies. E.g. They let the economy heat up too much before raising there rates, which then then causes a more violent market correction.
err
well they claimed it was transitory for about a year ,they also changed the rules to be that far out ,
2020 they changed to say they look for an average inflation rate ,let's face it, inflation's been low a very long time
rather than acting faster

faith of the many like they know what there doing, like its planned, is what surprise's me the most
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,089
  • Jan 30, 2022 2:13pm Jan 30, 2022 2:13pm
Quoting Jolita
{quote} Hi DrDave, Thank you for your insight. I've queried nAVIN's post as he previously had bearish bias, but later switched to bullish. Sure both sides will gain green pips until clear breakout is visible. Yes on a longer timeframes we could see bulls trying to gain power, but I can not see them taking over yet, my sentiment remains bearish unless, some major resistances are broken. Then I'll switch. In January trading wise was more profitable for bulls rather bears. Would you please show your swing view on the charts? Whats your sentiment for...
Jolita, Here is what I see on GBPUSD.

It is highly likely that the D2 down swing has ended.

H8 has begun a lackluster up swing, so now watching smaller TFs that have already turned down to see if they continue down far enough to reverse the poor H8 up swing and send it either into a pullback or even further to a bona fide continuation of the down swings of the TFs above it.
At the start of the new week, especially interested in M30 to see if it is ending its rally and starting a down continuation.

Although M30 is a bit far from H8, the H8's weak up swing can be under assault if the M30 is actually in a down continuation. And if there is significant movement to the downside, it could result in D2 continuing even further down rather than ending.

So, with this weak performance on H8, there is no clear direction bias for the start of the week: Just follow the smaller TFs (M5-M30) to see which direction they go, and if there is enough volatility, enter on trend continuations of appropriate TFs.

I know many people start a new week by looking at H4 and even higher TFs for direction bias and never look at any TFs below H1. The current situation is a case where the apparent bias on those higher TFs are not reliable because change comes from the bottom and moves upward, and the lower TFs could easily go in either direction. I've seen plenty of cases where the guy crossing the street looked up and saw the big bus moving away and started to cross the street to catch it, but never looked the other way to see that there was a motorcycle racing his way.
To free Gazans of Hamas, use whatever it takes.
  • #650,090
  • Jan 30, 2022 2:17pm Jan 30, 2022 2:17pm
Quoting Bones
{quote} err well they claimed it was transitory for about a year ,they also changed the rules to be that far out , 2020 they changed to say they look for an average inflation rate ,let's face it, inflation's been low a very long time. rather than acting faster faith they know what there doing, like its planned, is what surprise's me the most
Precisely, they wait to long, that's what I've just said twice now.
They are often behind the curve.
Compulsions can be hard to resist
  • #650,091
  • Jan 30, 2022 2:44pm Jan 30, 2022 2:44pm
Dollar peaked march 2021

2018 article

https://www.armstrongeconomics.com/m...l-or-adjusted/
POSTMASTER
  • #650,092
  • Jan 30, 2022 2:52pm Jan 30, 2022 2:52pm
Quoting Georginson
Hello Guys, brace yourselves for wild moves in the next 6 trades days, there is BOE rate decision which will provoke between 200 - 440 pips Volatility in the next 6 trade days and this calls for a great deal of caution. January 31st to February 8th forecast and clues: ✓ 1.3260 will be seen by or before 8th February which may also trigger 1.3145. *(only a break and close above 1.3460 between 4th and 5th of February will invalidate 1.3260 by or before 8th February) Trade with utmost caution. Cheers, George.
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 91 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #650,093
  • Jan 30, 2022 3:52pm Jan 30, 2022 3:52pm
GBPUSD market operation is bearish. However, on the daily time frame, there was a buying pressure on Friday as price action tackles the 1.33800 horizontal support area (green), but it was not significant, leading to the printing of a small bullish candlestick with shadow on both ends – indicating market indecision. We may see further northward move as price action tackles the area. But any northward price action in the early part of the week would be temporary; much likely a market engineering for liquidity grab, giving way to a southward turnaround at a value area.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily_Jan. 30, 2022.png Size: 44 KB
Do your homework, follow the footprints of smart money
  • #650,094
  • Jan 30, 2022 5:24pm Jan 30, 2022 5:24pm
Quoting KeenPips
GBPUSD market operation is bearish. However, on the daily time frame, there was a buying pressure on Friday as price action tackles the 1.33800 horizontal support area (green), but it was not significant, leading to the printing of a small bullish candlestick with shadow on both ends – indicating market indecision. We may see further northward move as price action tackles the area. But any northward price action in the early part of the week would be temporary; much likely a market engineering for liquidity grab, giving way to a southward turnaround...
gbpusd wants to take out the 1.34321 try and buy near the open of today .

best
  • #650,095
  • Jan 30, 2022 5:52pm Jan 30, 2022 5:52pm
Friday is a bullish candle.
Could be heading to retest 1.36
Compulsions can be hard to resist
  • #650,096
  • Jan 30, 2022 7:43pm Jan 30, 2022 7:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 26 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 35 KB
yes yes yes
  • #650,097
  • Jan 30, 2022 7:55pm Jan 30, 2022 7:55pm
Quoting Georginson
Hello Guys, brace yourselves for wild moves in the next 6 trades days, there is BOE rate decision which will provoke between 200 - 440 pips Volatility in the next 6 trade days and this calls for a great deal of caution. January 31st to February 8th forecast and clues: ✓ 1.3260 will be seen by or before 8th February which may also trigger 1.3145. *(only a break and close above 1.3460 between 4th and 5th of February will invalidate 1.3260 by or before 8th February) Trade with utmost caution. Cheers, George.
You mean, break and close above 3460 only on 4 th and 5 th ?

You mean break and close above 3460 can happen before 4th ?

3460 is not very much high... it can happen on any 4hr candle...
Intraday only.
  • #650,098
  • Jan 30, 2022 8:40pm Jan 30, 2022 8:40pm
Quoting navk
{quote} You mean, break and close above 3460 only on 4 th and 5 th ? You mean break and close above 3460 can happen before 4th ? 3460 is not very much high... it can happen on any 4hr candle...
I mean daily close above 1.3460 between 4th - 5th February will invalidate 1.3260.
Data + Stat + Risk/Emotions Management
  • #650,099
  • Jan 30, 2022 8:48pm Jan 30, 2022 8:48pm
Quoting Georginson
{quote} I mean daily close above 1.3460 between 4th - 5th February will invalidate 1.3260.
Let us see.

IMO, It can go daily high for today 3460
Intraday only.
  • #650,100
  • Jan 30, 2022 9:07pm Jan 30, 2022 9:07pm
Quoting navk
{quote} Let us see. IMO, It can go daily high for today 3460
yes it definately could.
229 traders viewing now