Cable Update (GBPUSD) | Page 34122 | 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)

  • #682,421
  • Sep 9, 2022 7:40am Sep 9, 2022 7:40am
Two trends playing out currently in cable a short term and long term. Short term is still pushing down, long term is pushing up. Long term always wins the battle. A look at Coregs chart will give one an insight into direction and play.
  • #682,422
  • Sep 9, 2022 7:43am Sep 9, 2022 7:43am
munchie sent you pm
  • #682,423
  • Sep 9, 2022 7:47am Sep 9, 2022 7:47am
Quoting Houtbay
Two trends playing out currently in cable a short term and long term. Short term is still pushing down, long term is pushing up. Long term always wins the battle. A look at Coregs chart will give one an insight into direction and play.
Short term is up and long term is down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 22 KB
Three up days is not a trend change.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
MY GRID. Markets are NOT random.
  • #682,424
  • Sep 9, 2022 7:50am Sep 9, 2022 7:50am
Quoting Georginson
{quote} The discussion will only make sense if one or both of them never lose money on the trade otherwise na nagging go finish them
Ha ha ha .........
No be small thing nwanne.........
  • #682,425
  • Sep 9, 2022 7:59am Sep 9, 2022 7:59am
hi , i started a new thread named forex(all pairs ) if you guys would like to share related to fx pairs can come over there too...i will active there ..cheers and thanks
Blank and Empty
  • #682,426
  • Sep 9, 2022 8:02am Sep 9, 2022 8:02am
Quoting buffedmage
hi , i started a new thread named forex(all pairs ) if you guys would like to share related to fx pairs can come over there too...i will active there ..cheers and thanks
Good luck men with your new thread here you can also share all pairs if you want, many people share his ideas here, green pips to you
People don't plan to lose. They lose because they don't plan.
  • #682,427
  • Sep 9, 2022 8:03am Sep 9, 2022 8:03am
i am waiting for 1.12
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2022-09-09 15-01-53-555.jpg Size: 169 KB
MY OPINION NOT FINANCIAL ADVISE
  • #682,428
  • Sep 9, 2022 8:05am Sep 9, 2022 8:05am
Quoting ScalaFX
{quote} Good luck men with your new thread here you can also share all pairs if you want, many people share his ideas here, green pips to you
thanks scalafx
Blank and Empty
  • #682,429
  • Sep 9, 2022 8:06am Sep 9, 2022 8:06am
Quoting donfriday
i am waiting for 1.12 {image}
I dont wanna see this but... If this level must be breached first day must close under 1550 I think and do on, if today high will be broken that's opening door to next further levels, trade safe
People don't plan to lose. They lose because they don't plan.
  • #682,430
  • Sep 9, 2022 8:07am Sep 9, 2022 8:07am
Quoting Reverso
{quote} My Long got dumped by blockchain brothers and ate a SL. That resistance was in fact still valid, I should have hedged myself by adding a Short after the rejection with bearish engulfing occurred, it would have been TP by now, ending my day with -1 +1 still net profit due to reward higher than risk. With that said, per my system I entered a Short not long after my Long hit SL. Entry 1.15685, SL 1.16227, TP 1.14873. Getting below that resistance we broken today will turn the bias into strong short again. I think unlikely this trade will end...
It's amazing how the price keeps trying to move up but end up getting rejected at that serious resistance, for 7 candles (M15) already.
I am just waiting for a bearish engulfing to end this circus and give me more comfort on the progress of the trade, it failed to go up, but didn't go down either.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 53.0%
  • #682,431
  • Sep 9, 2022 8:17am Sep 9, 2022 8:17am
A lot of rejection at the 116 area

a close above todays opening or even the 11550 area can help the bulls out on Monday
Insane in the Brain..
  • #682,432
  • Sep 9, 2022 8:19am Sep 9, 2022 8:19am
Quoting Wavegarrick
{quote} Hi Guys, One thing changes for me this time round. I have a 4hr candle close above my 60 Lwma (green) at 1.15366 ish. I also have full buy confirmation signals. A 4hr close above 1.16000 as well as a 4hr close above my weekly pivot at 1.15885 is vital for bullish confirmation. Pull backs towards 1.15500 could be used to enter buy trades. A 4hr close below 1.15000 will invalidate my bullish bias. Possible targets 1.16820 and 1.18367. Trade safe, Cheers {image}
Oki Dokes,
I sure hope we can close the week above 1.16000. Kinda looking positive with bullish signals setting up from a 4 hr perspective, touch wood.
I entered one more buy trade towards 1.15500.
Have a great weekend Folks,
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_199.png Size: 32 KB
Trade to trade another day
  • #682,433
  • Sep 9, 2022 8:27am Sep 9, 2022 8:27am
Quoting Wavegarrick
{quote} Oki Dokes, I sure hope we can close the week above 1.16000. Kinda looking positive with bullish signals setting up from a 4 hr perspective, touch wood. I entered one more buy trade towards 1.15500. Have a great weekend Folks, Cheers. {image}
The banks have done their work for the week and squared up their positions, hence the bounce from the lows. the bounce was caused by them exciting not buying. UK closes in 4mins so probably not much gonna happen unless US get involved now and maybe get above 1.16
  • #682,434
  • Sep 9, 2022 8:45am Sep 9, 2022 8:45am
Quoting ScalaFX
{quote} I dont wanna see this but... If this level must be breached first day must close under 1550 I think and do on, if today high will be broken that's opening door to next further levels, trade safe

i knew what it will look like before i posted it...chart like that get question mark

let give it time i have sl above 1.1645
MY OPINION NOT FINANCIAL ADVISE
  • #682,435
  • Sep 9, 2022 8:52am Sep 9, 2022 8:52am
This is looking like the bears are still very much alive ... Price needs to close above 1.1610 for bulls to have a good chance.

Now I have sold at 1.1586, stop at 1.1610, target 1.1516.

I may be wrong hence I applied tight stop. Let's see how it will play out.
Data + Stat + Risk/Emotions Management
  • #682,436
  • Sep 9, 2022 9:02am Sep 9, 2022 9:02am
Quoting T721
{quote} The banks have done their work for the week and squared up their positions, hence the bounce from the lows. the bounce was caused by them exciting not buying. UK closes in 4mins so probably not much gonna happen unless US get involved now and maybe get above 1.16
T721,
To be honest with you. If I had to worry about the banks closing their positions weekly I probably would not trade medium to long term. A nice example was Asia today with a 100 pip plus bullish move. For me its all about positioning. Smart money, hedge funds, long term investors and the big players don't care about the banks and position squaring. I don't profess by any means that we are in a swing reversal as the greater trend is still down. But heck I take my chances where I can. Gu is touching 1.16000 as I am typing.
Cheers.
Trade to trade another day
  • #682,437
  • Sep 9, 2022 9:07am Sep 9, 2022 9:07am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 14 KB
yes yes yes
  • #682,438
  • Sep 9, 2022 9:17am Sep 9, 2022 9:17am
If this week price close below 1.56(yesterday’s high) , we may see more move to the south
  • #682,439
  • Sep 9, 2022 9:22am Sep 9, 2022 9:22am
Eurusd trend remains down
  • #682,440
  • Sep 9, 2022 9:26am Sep 9, 2022 9:26am
Similar
Attached Image (click to enlarge)
Click to Enlarge Name: 7127C13B-64ED-4D8A-AECC-60D91252F0EA.jpeg Size: 393 KB
MY OPINION NOT FINANCIAL ADVISE
439 traders viewing now