Cable Update (GBPUSD) | Page 33985 | 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)

  • #679,681
  • Aug 31, 2022 8:32am Aug 31, 2022 8:32am
Quoting Moty
{image}
where is your SL
in wondering about yourself, you forgot what you came here to be part of
  • #679,682
  • Aug 31, 2022 8:33am Aug 31, 2022 8:33am
Quoting Houtbay
Reverso what is your view on Eurusd in terms if trend?
Sorry mate I only do GBPUSD, but if you must ask, then I will try to apply my system to EURUSD and tell you what I see.

First I calculate the long term pivot (top 2 red lines) to see its long term direction, price now below it, so major trend is down.
Then I zoom out to look at the setup from past days, currently trend is ranging (indicated in the 2 yellow zones), today retest the resistance once, and not long ago retested it again with a bearish engulfing.

If it is me, I would take a Short right now, just freshly rejected from resistance, SL 1.00332 or 1.00465 if you prefer a wider stop.
Daily pivot placement across the days almost looks like a horizontal line, which means no clear direction, a trend is where daily pivot consistently placed higher or lower each day.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 54 KB
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 55.8%
  • #679,683
  • Aug 31, 2022 8:37am Aug 31, 2022 8:37am
Say hello to 1.15500?A little early, maybe 1.1600 will be supported and have a small return!!!!
There is nothing wrong with being kind & loving to each other
  • #679,684
  • Aug 31, 2022 8:37am Aug 31, 2022 8:37am
I believe in GU bulls, just give the setup in the next hour

but its more look look like 5-0 pattern on @eyefeelsix chart
  • #679,685
  • Aug 31, 2022 8:38am Aug 31, 2022 8:38am
Quoting Reverso
I miss the time Mitiblotch tells me with utmost confidence that "your TP will hit". Come, whisper something dirty to my ears, I want to hear it.
Lol... I am buying all this areas (1622, 1605, 0601) Just 0.01 per entry. Nothing serious and I have it stacked all the way down to 1570. Yout TP hitting means my buys get activated.
  • #679,686
  • Aug 31, 2022 8:39am Aug 31, 2022 8:39am
1596
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #679,687
  • Aug 31, 2022 8:40am Aug 31, 2022 8:40am
Quoting RaHaG0D
Say hello to 1.15500?A little early, maybe 1.1600 will be supported and have a small return!!!!
I am hopeful about seeing 1.1550
You have to have an IQ higher than 90 to interact with this user.
  • #679,688
  • Aug 31, 2022 8:40am Aug 31, 2022 8:40am
Quoting JameRomeo168
{quote} Does it make sense bro? Not sure it will hit today, But I'm going to partially taking profit when price starting go below 1.16. My hands are shaking lol {image}
Oh, so you're trading channel.
Be like a machine, emotionless, hands never shake.

If you're shaking, it might mean you do not have clear rules defining your entry/exit, if there are iron rules for you to follow, hands will never shake, head will have no doubt. Enter, set and forget, wait till SL or TP. Today is my Day 2 committed to being a machine, wish me luck.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 55.8%
  • #679,689
  • Aug 31, 2022 8:41am Aug 31, 2022 8:41am
Price breaks all the supports with strength, one by oneThis year the sells strategy worked well
There is nothing wrong with being kind & loving to each other
  • #679,690
  • Aug 31, 2022 8:43am Aug 31, 2022 8:43am
last week support point couldn't hold. Let's see how this week holds up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH133.png Size: 22 KB
  • #679,691
  • Aug 31, 2022 8:45am Aug 31, 2022 8:45am
Quoting Nordling
{quote} I am hopeful about seeing 1.1550
I even saw 1.1200 in my chart during analysis, but it will be better to make a decision when the price reaches 1.1500-1.1400. Now it's a fantasy
There is nothing wrong with being kind & loving to each other
  • #679,692
  • Aug 31, 2022 8:45am Aug 31, 2022 8:45am
Quoting Reverso
{quote} Oh, so you're trading channel. Be like a machine, emotionless, hands never shake. If you're shaking, it might mean you do not have clear rules defining your entry/exit, if there are iron rules for you to follow, hands will never shake, head will have no doubt. Enter, set and forget, wait till SL or TP. Today is my Day 2 committed to being a machine, wish me luck.
My entry is not too bad. But my risk is big since it is 4%. This is why my hands are shaking a little bit lol. Usually I only risk 1% per trade.

However, hope 1.16 break so both of of our trade are exited with good profit. Good luck bro
With courage, patience, and discipline, success is a matter of time.
  • #679,693
  • Aug 31, 2022 8:46am Aug 31, 2022 8:46am
Quoting Marcieny
{quote} Hi Leon nice chart. As long as people continue to think that the dollar is a refuge and keep it, it continues to rise and appreciate but from what I analyzed in these two years..people have already started to sell their dollars. nother pair great to analise GBP force is Xau/ Gbp. Anyway it's good to wait for time to clarify things better. Or there will be dollar sales in that region or more purchase. Cheers.
But whatever happens with the dollar, the pound must be kept in context as well. After all, the dollar can weaken and the pound can also weaken, so the net effect is to see no significant change in GBPUSD.
To free Gazans of Hamas, use whatever it takes.
  • #679,694
  • Aug 31, 2022 8:48am Aug 31, 2022 8:48am
Testing, will add, maybe fly without setup.. NY killzone
Attached Image (click to enlarge)
Click to Enlarge Name: 37EEC76D-5A67-47D4-9809-05D5E945A574.png Size: 46 KB
  • #679,695
  • Aug 31, 2022 8:51am Aug 31, 2022 8:51am
Quoting ashur123
last week support point couldn't hold. Let's see how this week holds up. {image}
What circle based on?
  • #679,696
  • Aug 31, 2022 8:52am Aug 31, 2022 8:52am
Quoting JameRomeo168
{quote} My entry is not too bad. But my risk is big since it is 4%. This is why my hands are shaking a little bit lol. Usually I only risk 1% per trade. However, hope 1.16 break so both of of our trade are exited with good profit. Good luck bro
Sadly my lord Miti is trading against us =(
Any reason behind why you suddenly use 4%?

Mine is consistently risk 2.5% per trade and i already think that's quite huge and just barely acceptable because i wanted a faster growth, 4 lose streak will mean 10% of account gone, I will gradually lower my risk as my account grow to a sizable one.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 55.8%
  • #679,697
  • Aug 31, 2022 8:53am Aug 31, 2022 8:53am
Quoting donfriday
monday found support at 1.1650 tuesday found support at 1.1650 price hit below but closed above it. i am taking a long at 1.1615 target 1.1775 sl 1.1525
Risk 1 Reward 1/5
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2022-08-31 13-51-47-018.jpg Size: 152 KB
MY OPINION NOT FINANCIAL ADVISE
  • #679,698
  • Aug 31, 2022 8:53am Aug 31, 2022 8:53am
Quoting RaHaG0D
{quote} I even saw 1.1200 in my chart during analysis, but it will be better to make a decision when the price reaches 1.1500-1.1400. Now it's a fantasy
Hahaha you are right but who would believe in 2021 that GU will see 1.16s right? Everything is possible Your analyses are really good, they are a pleasure to read mate. Keep up the good work
You have to have an IQ higher than 90 to interact with this user.
  • #679,699
  • Aug 31, 2022 8:54am Aug 31, 2022 8:54am
Quoting ashur123
last week support point couldn't hold. Let's see how this week holds up. {image}
Do You have more this circles? I think we need one more
People don't plan to lose. They lose because they don't plan.
  • #679,700
  • Aug 31, 2022 8:58am Aug 31, 2022 8:58am
Quoting anthon25
{quote} Think GU still in bearish mode. USD always treated as safe heaven. FED will be rise at 75bps. ECB 50/75bps. BoE 50/75 bps Sterling will have chance to make wide correction at the end of this week as they will have a new Conservative Prime Minister. before that Sterling will be under preasure think it will be below 1.19 this week, lowest 1.15 . Still in bearish mode. I dont understand the way of trade without SL. is it safe?? i think its not safe at all. its just like gambler did. Perhaps we can use hedge to prevent wrong trend?? I...
1.15 has reached, GU predicted goes up for correction 1.195 will be the highest, especially when the conservative Prime Minister will be elected on friday.

NFE also predicted less than expected. Boyance is coming to market

Have Long 1.610 target 200 pips
I am completely a lazy Trader & Pennies Rebate Hunter
250 traders viewing now, 1 is registered:
bblizardd