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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)

Quoting Mitiblotch
{quote} How do you count your quarters? The second quarter should end in June, except I am missing something here.
Q2 gave about 1K pips which mean by the end of Q2 in June it will still remain a win for the bear

Everyone count Quarterly the same not missing anything
I NEVER LOSE/=I EITHER WIN OR LEARN
liquidity will be needed to call the downtrend over watching in Q3

i expect a retest of the 3 arrows atleast one or two need to be retest
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I NEVER LOSE/=I EITHER WIN OR LEARN
just before the close
i reached 338 $ , and withdraw another 100 $
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
I'll be looking for signs to sell anywhere within this region above
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Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting donfriday
liquidity will be needed to call the downtrend over watching in Q3 i expect a retest of the 3 arrows atleast one or two need to be retest {image}
The second and third seem better for me
Quoting nAVIN2007
{quote} the entry is not important just the exit.. Problem is the war..that can change things in an instant
https://www.youtube.com/watch?v=jqnC54vbUbU
Looks like the week ended on a bull trap.
Expecting to short this on Monday.
Can't see price clearing 1.2285, but if it does I'll be sitting on the sidelines.
For me, 1.20500 is still valid. So far, there has been very good support for the 1.22 & the first resistance of my chart(1.22450) has passed well. 1.23 and 1.24 are the next resistance, which is likely to return from 1.22800. Next week it will be clearer that it will continue the trend or go to the sweet areas of 1.20500. For now, enjoy the weekend until Monday
I pray for the rain of gold from the sky for you and me
Quoting donfriday
{quote} Q2 gave about 1K pips which mean by the end of Q2 in June it will still remain a win for the bear Everyone count Quarterly the same not missing anything
I thought as much. Anyway, tomorrow makes it half of this quarter, and if there is anything possible, it is that this quarter can still be reversed completely or become a doji. So we cannot say bears won it. That's my original point.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting donfriday
bears won Q1 and Q2 now i expect Q3 to retest Q2 low then up I am bullish in GU trade with SL
not sure that supply and demand of assets working like this.
This is sound like a boxing match.
You can only lean on those things which provide resistance
no great but there are some differences from eu , more ranges up and down likely , more towards upside now . price may easily breaks over 2284, to even 2300 + , before tanking next . same baby camel patterns in action , here not respect limit already .take care
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The big guys are actually still shorting, in fact they increases their shorts and cutting out longs from previous week, I personally think that we are still in a downtrend and we could go lower than last week's low.

IMHO
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Quoting Whale
{quote} Thanks god you mention it. we didnt notice that. today or monday- GU will meet this horizontal line on 1.2336. The 50% precent of the Bearish OB and fvg {image}
The only scenario for next week
after that, I will look for Another short opportunity, bears didn’t finish the job ( yes it can fly much more, step by step wave by wave)
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You can only lean on those things which provide resistance
Quoting pipibrasci
Never mind guys, REVERSAL is near. USD living off on life support from JPY. Though i expect Levels for BUY Entries to be - 1.2090 - 1.2150. but seems it might just turn around from here. Risk Mgt very crucial. Chart pattern - 65% reversal success rate 35% Trend continuation success rate. USDGBP D1 - Trend on the very extreme. Price close to next resistance zone. USDGBP H4 - Watch out for Candlestick pattern (crucial) Courtesy - USDGBP Chart. {image} {image}
Whale,

Yea, agreed.. anything can happen in the fx markets. When we all expect to see it hit our "projected" zones/targets but instead it reverses from this point (1.2155). Reason why its always best to trade in the moment and "trade what you see"..

"Pullback" to 1.2380 - 1.2400 very likely.. and maybe continue upwards (not going below 1.2155).. who knows it might just have "reversed" from here..
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
Applied the MACD, MA 50 and Fib retracement tool on the DXY D1.

Divergences on the MACD & over shoot above the 50MA.

Mixed MACD divergence signals (Strong & Weak). what's most important to me is the momentum and blv it is strong in the overall.

My overall bias for the cable next week, BUY (scalp buys opportunities) until its confirmed trend has reversed.
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Grit; Knowledge; positive mindset; all you need to overcome & KIS!!!
Quoting Whale
{quote} The only scenario for next week after that, I will look for Another short opportunity, bears didn’t finish the job ( yes it can fly much more, step by step wave by wave) {image}
Yes the bear didn’t finish and also the bulls not happy with the current value


1.2750 is a perfect sell zone
I NEVER LOSE/=I EITHER WIN OR LEARN
It’s hard for me to write up on what I see from my chart


But to make it simple if the Q2 close above 1.25 then is possible to see 1.27 and 1.30 before another bearish

failure of Q2 to close above 1.25 open 1.20 in Q3 but never the less a touch of 1.20 in Q3 will offer a good swing level to buy and that will invalidate 1.35 and 1.40 this year


Then to buy and sell is valid than just 1 side cus we still have a space to cover before the new trend.

RSI is clearly oversold and they need to push price back to 80 value if the drop will start again failure if that mean the buying will be aggressive soon or later..patience will win

Trade with SL
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I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting pipibrasci
Applied the MACD, MA 50 and Fib retracement tool on the DXY D1. {image} {image}
FYI tradingview Macd is not good from my experience. Compare it to rsi or Other oscillator and you will see big differences.
but I do agree with you.
Although I will be very surprised if we will get a lot of bulls pips soon before the job of 1.196X will hit
but since I am not a prophet I will trade in small sections till the bottom
You can only lean on those things which provide resistance
Yesterday I got proof that I do not need to have 1000 dollars in the account to reach my goals that it is a profit of 50-100 dollars per day,
the only thing that can happen is that I will lose 1000 dollars, because with low leverage i can close a loss because the loss is only only 20-30 dollars,
And not $ 100-200 and i say to myself i will stay because I'm already in big loss.
In general the original plan is to start from $ 250 in the account and every $ 100 profit withdraw them and start over,
and yesterday I started with $ 200, then I went up to 422 $ then pull out and stayed with 262 $
from there I went up to 380 then pull out and stayed with 262 $
stayed with 250 $ then I went up to 338 $ then pull out 100 $
In total I pulled in $ 390 yesterday and it was not a day with really strong traffic because there were no news or data
And in general the confidence rises in every withdrawal because you feel that you are really making this money, because it will be in your bank account the next day
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