Cable Update (GBPUSD) | Page 33942 | 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)

  • #678,821
  • Aug 27, 2022 5:43am Aug 27, 2022 5:43am
Quoting OnlineAddict
To me, the 1735 close on friday, along with the daily chart setup, is bullish. To me its a good long into 2000+. Might be wrong, of course.
higher energy costs in the U.K. is bad for growth, inflation, and the GBP

i predict that GBP/USD will go to the 1.14 level soon
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #678,822
  • Aug 27, 2022 5:48am Aug 27, 2022 5:48am
Quoting ForexGoose
{quote} higher energy costs in the U.K. is bad for growth, inflation, and the GBP i predict that GBP/USD will go to the 1.14 level soon
But this is old news...sell the rumour, buy the fact.
Everyone can see the chart, but only a few can actually read it.
  • #678,823
  • Aug 27, 2022 6:06am Aug 27, 2022 6:06am
Quoting BeeTogether
{quote} Man I’m dying a painfully slow death lol should have TP at 119 but bloody IG had login issues so couldn’t do anything. Roll on Monday
I hate those log in issues. I hope you can get out with minimal hit because the people selling this thing seem not to be playing.
  • #678,824
  • Aug 27, 2022 6:09am Aug 27, 2022 6:09am
We need to be careful, very careful with those fancy buy ideas. This can take a huge huge dump!
  • #678,825
  • Aug 27, 2022 6:38am Aug 27, 2022 6:38am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-08-27 at 12.17.46.png Size: 66 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #678,826
  • Aug 27, 2022 7:32am Aug 27, 2022 7:32am
Quoting Mitiblotch
We need to be careful, very careful with those fancy buy ideas. This can take a huge huge dump!
As prophesized my lord, dump it is, that will be the theme for next week's GU pair, DUMP IT.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #678,827
  • Aug 27, 2022 8:35am Aug 27, 2022 8:35am
Next Week My View: GU 4H
Trade Safe. Big News:
1. Wednesday Aug 31: ADP Non-Farm Employment Change
2. Friday Sep 2: Average Hourly Earnings m/m.
Non-Farm Employment Change.
Unemployment Rate.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 81 KB
Intraday Trading is an Art _ hoda
  • #678,828
  • Aug 27, 2022 9:29am Aug 27, 2022 9:29am
Quoting Reverso
{quote} I dont think so, may i know whats the reason behind this question? Are you saying SL is more likely to hit at round numbers? All i know is theoretically my win rate will be around 60-70% if all the trades taken in that month itself are correct and with no regrets. At this point clearly i did go against my rule sometimes and end up in regrets, i havent exactly master my discipline and emotions yet, but it is significantly better now compared to july. I am thinking of only trade if i feel extremely comfortable of the setup, sort of what you...
Reverso, I don't have any stats proving that SL at round number is hit more often than at another level that's why I asked if you explored the topic. I know that round # is the target to exit the trades. I am always in front of the round number target. I guess I was curious about how you handled this condition. Maybe it will make more sense together with my intraday chart from yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.26 30M EOD.png Size: 48 KB
Always trade your own plan...I don't provide trading signals.
  • #678,829
  • Aug 27, 2022 9:41am Aug 27, 2022 9:41am
Quoting hoda
Next Week My View: GU 4H Trade Safe. Big News: 1. Wednesday Aug 31: ADP Non-Farm Employment Change 2. Friday Sep 2: Average Hourly Earnings m/m. Non-Farm Employment Change. Unemployment Rate. {image}
thanks Hoda.

Monday will be very hard to predict because daily made a perfect fractal Tuesday-Thursday (that’s the reason I was all in buying it) and you know Fridays outcome.
the low of the week didn’t break and on 1h chart we can see an orders block, although not a fresh one.

For me is big no no trade on Monday, only LTF setups for few pipsis
Attached Image (click to enlarge)
Click to Enlarge Name: 9E000E4D-B47F-4265-BBB7-6C69D753220B.png Size: 65 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 85679CCD-46F2-4C77-A522-6246685C0200.png Size: 61 KB
  • #678,830
  • Aug 27, 2022 10:16am Aug 27, 2022 10:16am
Quoting Whale
{quote} thanks Hoda. Monday will be very hard to predict because daily made a perfect fractal Tuesday-Thursday (that’s the reason I was all in buying it) and you know Fridays outcome. the low of the week didn’t break and on 1h chart we can see an orders block, although not a fresh one. For me is big no no trade on Monday, only LTF setups for few pipsis {image}{image}
Same view Whale. Thanks for your chart.
Below 1.1677, GU may go more down. But need a clear breakout. I am expecting a long tail candle (BIG Boys) We are in a critical level.
Anything can happen in this zone. Ranging 6 Days.

Trade Safe & Stay Safe
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 73 KB
Intraday Trading is an Art _ hoda
  • #678,831
  • Aug 27, 2022 10:42am Aug 27, 2022 10:42am
Quoting Coreg2004
{quote} Reverso, I don't have any stats proving that SL at round number is hit more often than at another level that's why I asked if you explored the topic. I know that round # is the target to exit the trades. I am always in front of the round number target. I guess I was curious about how you handled this condition. Maybe it will make more sense together with my intraday chart from yesterday. {image}
Nope, I am the type who keep things simple, I just manual backtested for Aug today, and reached a conclusion that this month should be a 81% return instead of a pathetic 12% return now. My strategy is simple, bias is guided by placement of daily pivot, then only trade the Bounce or Close Beyond key levels towards the direction guided by the pivot, and that's it. Had I followed this strictly, and did not force trades that aren't there, and also did not succumb to a mild revenge trade behavior, my live result should be the same as backtest result....

Perhaps for someone who wants to develop an automated system that needs to know every relevant statistics as much as possible to fine tune the settings, might need to find out about the Round number test that you talk about. For me, it is simple, TP is always 1.5x of SL and it is hit often, that's the sweet spot for me. I noticed the TP for certain lower risk trades can go as high as 2x SL, but I do not have the expertise to backtest this for a huge volume of data, so I stick to TP = 1.5x of SL for every single trade for simplicity purposes.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #678,832
  • Aug 27, 2022 10:45am Aug 27, 2022 10:45am
Quoting Houtbay
Elbert3 nice to have you back. Great charts and I do agree with your view.
regards
  • #678,833
  • Aug 27, 2022 10:47am Aug 27, 2022 10:47am
Quoting Bones
{image}
Nice chart B
  • #678,834
  • Aug 27, 2022 2:09pm Aug 27, 2022 2:09pm
Quoting Bones
{image}

Someone wanna explain this chart..I feel like i cannot understand it
  • #678,835
  • Aug 27, 2022 2:29pm Aug 27, 2022 2:29pm
When bond yields turn negative a recession or slow down tends to follow. Negative yielding bonds tend to reflect a rise in interest rates which slows an economy
  • #678,836
  • Aug 27, 2022 2:33pm Aug 27, 2022 2:33pm
As we get a negative curve inversion recession tends to follow a few months later. Economists tend to follow this process closely when implementing policy such as the Fed
  • #678,837
  • Aug 27, 2022 3:17pm Aug 27, 2022 3:17pm
Quoting nAVIN2007
{quote} Someone wanna explain this chart..I feel like i cannot understand it
You don't need that much detail as a trader buddy, unless you want to become the next FED Chairman I doubt that Powell cares about this though.
You have to have an IQ higher than 90 to interact with this user.
  • #678,838
  • Aug 27, 2022 4:39pm Aug 27, 2022 4:39pm
Quoting nAVIN2007
{quote} Someone wanna explain this chart..I feel like i cannot understand it
It costs more to borrow over two years than ten.
The fed is at the overnight end, which implies the FED is moving too fast.
The free bond market is pricing lower rates later because a recession will force the FED to reverse.
Without fail, this situation precedes a recession, maybe once its failed
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-08-27 at 22.41.36.png Size: 447 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #678,839
  • Aug 27, 2022 5:21pm Aug 27, 2022 5:21pm
Quoting Nordling
{quote} You don't need that much detail as a trader buddy, unless you want to become the next FED Chairman I doubt that Powell cares about this though.
traders care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2022-08-27 at 23.18.32.png Size: 30 KB
Click to Enlarge Name: Screenshot 2022-08-27 at 23.11.26.png Size: 76 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #678,840
  • Aug 27, 2022 5:52pm Aug 27, 2022 5:52pm
Quoting BeeTogether
{quote} Man I’m dying a painfully slow death lol should have TP at 119 but bloody IG had login issues so couldn’t do anything. Roll on Monday
also if you need to get out of positions when IG goes down phone them 020 7663 0328 and ask to be put thru to the dealing desk. they will get you out of your positions

It was quite strange when they went down. I have 2 accounts with them but only one crashed the other stayed on
170 traders viewing now