Cable Update (GBPUSD) | Page 33848 | 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)

  • #676,941
  • Aug 19, 2022 5:36am Aug 19, 2022 5:36am
...price @ current dly lo entered top of a prev minor 1hr sw lo zone that extends down to 1840, this is from way back when (15th July)... chart below shows it.
109% 13wk awr traveled now on last trading day of week. Only 68% 30day adr, and so far this mth, 82% of 6mth amr.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Trader with an Edge.
  • #676,942
  • Aug 19, 2022 5:37am Aug 19, 2022 5:37am
Quoting ScalaFX
Guys you must make that IQ test, is posibility to see highest level
My IQ is 136
There is nothing wrong with being kind & loving to each other
  • #676,943
  • Aug 19, 2022 5:39am Aug 19, 2022 5:39am
Possible retreat level for DXY.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #676,944
  • Aug 19, 2022 5:39am Aug 19, 2022 5:39am
Quoting ScalaFX
Guys you must make that IQ test, is posibility to see highest level
tr this IQ testing machine https://flipsimu.com/
  • #676,945
  • Aug 19, 2022 5:41am Aug 19, 2022 5:41am
Quoting Mitiblotch
Many bulls have their teeth on edge now around the world. Hehe {image}

To whom it may concern, i want to point out for everyone my view on this and similar "sentiment-charts" on how much of an impact they have in the forex market.
So the forex market has a daily average volume around ~6 trillion $ (give or take) and all retail trader combined are accountable for approximately 2% of this volume.

To put this in more tangible perspective, imagine having a scientific study for a new medicine and out of 100 participant, 98 of them have serious side effects. Would you take the medicine? Of cause this is deliberately exaggerate, but it helps me to critical form an opinion on information like these.
  • #676,946
  • Aug 19, 2022 5:42am Aug 19, 2022 5:42am
IQ has a very low bearing on whether you achieve trading success. It all comes down to having a proven edge, and developing your psychology/controlling your emotions sufficiently, to actually trade the edge profitably.
Trader with an Edge.
  • #676,947
  • Aug 19, 2022 5:43am Aug 19, 2022 5:43am
Quoting greed
{quote} To whom it may concern, i want to point out for everyone my view on this and similar "sentiment-charts" on how much of an impact they have in the forex market. So the forex market has a daily average volume around ~6 trillion $ (give or take) and all retail trader combined are accountable for approximately 2% of this volume. To put this in more tangible perspective, imagine having a scientific study for a new medicine and out of 100 participant, 98 of them have serious side effects. Would you take the medicine? Of cause this is deliberately...
the uk economic data today
consumer confidence is lowest since 1974
  • #676,948
  • Aug 19, 2022 5:44am Aug 19, 2022 5:44am
1.1760 today
  • #676,949
  • Aug 19, 2022 5:45am Aug 19, 2022 5:45am
"The GBP/USD rate has broken back below the 1.2000 level and a recent build-up of long GBP positioning by Leveraged Funds could be vulnerable to liquidation propelling GBP/USD lower still," ...this could be one possible reason ?
  • #676,950
  • Aug 19, 2022 5:48am Aug 19, 2022 5:48am
...rolling 30day adr is 127, today so far 91, so if we reach the adr to the downside that would take us to 1809.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: < 1 KB
Trader with an Edge.
  • #676,951
  • Aug 19, 2022 5:50am Aug 19, 2022 5:50am
Quoting JameRomeo168
{quote} A wise man once said “ Too much EGO will kill your talent. Wash it before it leaves the stain on your life.”
Right, if your ego is too big you are not able to have Questions which show that you haven't understood the whole thing. You will also think the reason that you fail is not about you but others.

The more ego you loose the better you will trade. Be honest to your self and others especially if they are smarter than you so you can profit from their experience
  • #676,952
  • Aug 19, 2022 5:51am Aug 19, 2022 5:51am
Quoting PatienceFx
{quote} the uk economic data today consumer confidence is lowest since 1974
I don't know what this has to do with anything i was saying but than again you are correct with what you're saying
  • #676,953
  • Aug 19, 2022 5:52am Aug 19, 2022 5:52am
Quoting greed
{quote} To whom it may concern, i want to point out for everyone my view on this and similar "sentiment-charts" on how much of an impact they have in the forex market. So the forex market has a daily average volume around ~6 trillion $ (give or take) and all retail trader combined are accountable for approximately 2% of this volume. To put this in more tangible perspective, imagine having a scientific study for a new medicine and out of 100 participant, 98 of them have serious side effects. Would you take the medicine? Of cause this is deliberately...

Do you mind driving home your point?

Kind regards,

RD
  • #676,954
  • Aug 19, 2022 5:58am Aug 19, 2022 5:58am
We don't have an upward movement today? What a day of excitement, the price only went down
There is nothing wrong with being kind & loving to each other
  • #676,955
  • Aug 19, 2022 5:58am Aug 19, 2022 5:58am
Quoting Headland
IQ has a very low bearing on whether you achieve trading success. It all comes down to having a proven edge, and developing your psychology/controlling your emotions sufficiently, to actually trade the edge profitably.
I tried a few iq tests and i noticed a pattern is that, the iq test is testing your ability to recognise pattern and give the correct answer.

In trading, we rely on patterns too, so i think iq test is somewhat related to trading, the higher your iq, maybe you're able to recognise repetitive patterns that are seldom spotted by others that you can exploit for yourself? Just thinking out loud.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #676,956
  • Aug 19, 2022 5:59am Aug 19, 2022 5:59am
All markets are on extremes. Very hard to make calls now. Like enter a black hole when normal realities don't work anymore. I don't think the data was that bad!
I kind of think it can't go any lower, but I think you'd be mad to make any calls now. Any ideas? Everything is pointing down!!
Don't trade what you think. Just what you see!!!
  • #676,957
  • Aug 19, 2022 5:59am Aug 19, 2022 5:59am
Only two scenarios for GU bounce.
1) Double bottom at 1.756
2) Bounce off the trend line at 1.57
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #676,958
  • Aug 19, 2022 5:59am Aug 19, 2022 5:59am
Quoting JereMi256
{quote} Me too, savage mode+ Tight stop!
90% positions stopped out, balance running on open SL
Face 'ur fears & tame 'ur greed
  • #676,959
  • Aug 19, 2022 6:00am Aug 19, 2022 6:00am
There was a tricky move out of London. Price will keep dropping to US session at earliest.
From there we should get a pullback.
Just how big a pullback will be debatable. Given the huge move down here, I'm guessing it won't be much of a pullback.
Also given the type of trade to get down here, there's a pretty good chance that we're not stopping here either.
  • #676,960
  • Aug 19, 2022 6:00am Aug 19, 2022 6:00am
going to be a rough ride for uk we are getting 77% increase in electric and gas in oct then 505 increase in january. 1992 crash might be repeated.
IgorFX
335 traders viewing now