Cable Update (GBPUSD) | Page 34631 | 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)

  • #692,601
  • Oct 6, 2022 7:16am Oct 6, 2022 7:16am
Unemployment claims in 15 minutes. The only news today..
Also BOC Gov Macklem Speaks in 3 hours.

This could affect GBP/USD indirectly! CAD up/USD down then Pound also up and vice versa.
They're complete opposite. If GBP/USD is going up USD/CAD is going down, of course because USD is the shared currency here. So good news for CAD are good news for Pound, it's how Forex works, weird.
  • #692,602
  • Oct 6, 2022 7:19am Oct 6, 2022 7:19am
Quoting TheWolf
Unemployment claims in 15 minutes. The only news today..
Canadian PMI tonight too...but...well...nothing related to Cable...
  • #692,603
  • Oct 6, 2022 7:19am Oct 6, 2022 7:19am
Quoting DrDave
{quote} LOL. I think you will find that the EA you used has the SL "hidden" only in the sense that it does not show up on your broker's books. But the EA is STILL going to be triggering the order to close when price reaches that level. So there is no practical difference for you to use one or the other.
So the EA that I am using doesn't put a footprint on the server because it doesn't calculate a stop loss. Instead it monitors the current equity balance in your account and reacts to that to close the open trades. If you keep resetting it, you can effectively protect your profit.
  • #692,604
  • Oct 6, 2022 7:20am Oct 6, 2022 7:20am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-10-06 at 17-49-18 TRADING ECONOMICS 20 million INDICATORS FROM 196 COUNTRIES.png Size: 43 KB
  • #692,605
  • Oct 6, 2022 7:22am Oct 6, 2022 7:22am
Can't wait for NFP tommorow, I'll make sure I'm well rested for it!
  • #692,606
  • Oct 6, 2022 7:23am Oct 6, 2022 7:23am
Quoting PatienceFx
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 25 KB
  • #692,607
  • Oct 6, 2022 7:31am Oct 6, 2022 7:31am
Sold XAG/USD at 20.700.
  • #692,608
  • Oct 6, 2022 7:31am Oct 6, 2022 7:31am
The price never reverses b4 testing s1 on bearish close days.

Beware.

To me only.
Intraday only.
  • #692,609
  • Oct 6, 2022 7:34am Oct 6, 2022 7:34am
Quoting Pat Chiko
{quote} GOLD N3 Long Scalp for LQ {image}


GOLD

Price bounce up from liquidity sweep zone.
Spike to take out buyer stop, as Gold is well known for spikes.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 007.jpg Size: 98 KB



GU

Quoting Pat Chiko
{quote} GU Lets play range for this scalp. {image}


Still underwater.
Took trade on SRF zone, but price didn't hold.
Took the SL lower giving another chance for retrieval.
If failed, the SL taken out with no mercy
Attached Image (click to enlarge)
Click to Enlarge Name: GU 045.jpg Size: 129 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,610
  • Oct 6, 2022 7:34am Oct 6, 2022 7:34am
Quoting PatienceFx
{quote} {image}
news came as i posted in advance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 25 KB
  • #692,611
  • Oct 6, 2022 7:35am Oct 6, 2022 7:35am
IMO, GU is getting ready for a pullback/stop hunt before eventually testing this week's low @ 1.1100
Success = Practice + Patience + Persistence
  • #692,612
  • Oct 6, 2022 7:35am Oct 6, 2022 7:35am
Went short 1.1274, Tight SL (10 pips).

**SL Hit**
Next and last place to short from 1.1309 SL 1.133, actually better.
  • #692,613
  • Oct 6, 2022 7:36am Oct 6, 2022 7:36am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-10-06 at 18-05-48 TRADING ECONOMICS 20 million INDICATORS FROM 196 COUNTRIES.png Size: 5 KB
  • #692,614
  • Oct 6, 2022 7:38am Oct 6, 2022 7:38am
Quoting PatienceFx
{image}
Which is really counterproductive. The inflation that the FED is concerned about resulted from the FED increasing liquidity in the financial markets to help the economy deal with Covid19. All the 'price' factors that the FED is focusing on don't impact money supply! Until they fix the problem or come up with another explanation we are stuck with higher rates and increased unemployment!
  • #692,615
  • Edited 7:55am Oct 6, 2022 7:38am | Edited 7:55am
Closed Short GBPUSD +27 pips.
Now Long.

(Edit - Quick buy scalp, and out before the drop. +9 pips. )
Funded trader
  • #692,616
  • Oct 6, 2022 7:39am Oct 6, 2022 7:39am
Quoting Georginson
Done waiting... Bought at 1.1258... target 1.1358, second buy limit at 1.1150... stop at 1.1100 .
Manually closed at 1.1283... + 25 pips. . will wait till 2 hours time and see where price will be for new entry...
Data + Stat + Risk/Emotions Management
  • #692,617
  • Oct 6, 2022 7:39am Oct 6, 2022 7:39am
Quoting fxpider
IMO, GU is getting ready for a pullback/stop hunt before eventually testing this week's low @ 1.1100
$$$ liquidity pools above the 50 and whole levels. will it go there?
Success = Practice + Patience + Persistence
  • #692,618
  • Oct 6, 2022 7:39am Oct 6, 2022 7:39am
opened Long position
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 53 KB
  • #692,619
  • Oct 6, 2022 7:41am Oct 6, 2022 7:41am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-10-06 at 18-10-39 TRADING ECONOMICS 20 million INDICATORS FROM 196 COUNTRIES.png Size: 5 KB
  • #692,620
  • Oct 6, 2022 7:43am Oct 6, 2022 7:43am
Quoting TheWolf
Can't wait for NFP tommorow, I'll make sure I'm well rested for it!

The Wolf.....
I like the way you trade and sharing the thought process taking trades.
So much to learn and your post are valuable, not just another "hind sight" post.

BTW, you are trading to trade well and are excited about trading well, and are having fun because you are disciplined in your trades, then I think that is okay to enjoy those feelings.

Those feeling I want you to share with other.
Trade Well my friend.

You owe me one, as you shorted GU, I went straight underwater.
Now, trying to recover the loser (pun intended)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 046.jpg Size: 142 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
280 traders viewing now