Cable Update (GBPUSD) | Page 35692 | 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)

  • #713,821
  • Dec 13, 2022 3:12am Dec 13, 2022 3:12am
Probably bullish structure atleast until 2310.

Stop 2248

Then news event
Intraday only.
  • #713,822
  • Dec 13, 2022 3:12am Dec 13, 2022 3:12am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
I will be in my bed by then, and I'm not very smart at fundamentals, but, 1.2400
I am neither brave nor stupid...I am just a part time trader
  • #713,823
  • Dec 13, 2022 3:15am Dec 13, 2022 3:15am
H4 GBP/USD Confirmed Short few candles ago..
Pff.. I hate this..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 21 KB
  • #713,824
  • Dec 13, 2022 3:17am Dec 13, 2022 3:17am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.

I cannot say anything unless i get inside a trade after 12:30 PM GMT. i will answer later after 12:30 PM GMT

-bella
Goddess of Thunder..
  • #713,825
  • Dec 13, 2022 3:32am Dec 13, 2022 3:32am
Two things have to happen before I trade CPI on actual release:

1. Bailey has to get the price to the end of Resistance Zone above 1.23
2. On CPI Release price has to spike up far enough to catch SL's and Buy Stop orders

If these 2 things become a reality, I'll risk and go Short on spike. Is it going to be the spike or not noone knows, but I'm willing to take the risk if and only if Bailey gets the price above 1.23 before CPI release actually takes place.

Another way to trade is to wait out CPI release and let H4 candle actually totally confirms Short and then dive in.

Only looking to go Short today.. if price goes up I'm done for today..
  • #713,826
  • Dec 13, 2022 3:33am Dec 13, 2022 3:33am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
1.24
Desire is a set of possibilities And reluctance - a lot of reasons ....
  • #713,827
  • Dec 13, 2022 3:36am Dec 13, 2022 3:36am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-12-13-11-36-27-945_net.metaquotes.metatrader4.jpg Size: 609 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-12-13-11-37-50-119_com.tradingview.tradingviewapp.jpg Size: 361 KB
yes yes yes
  • #713,828
  • Dec 13, 2022 3:37am Dec 13, 2022 3:37am
Quoting Indiara
{quote} I will be in my bed by then, and I'm not very smart at fundamentals, but, 1.2400
I will wait for that till the last hour before news If I will flip or not

Lets see how the candles develop till then

This will be a big move once more and wrong side will be bad Lets see
Shekh In Desert
  • #713,829
  • Dec 13, 2022 3:37am Dec 13, 2022 3:37am
Quoting TheWolf
Two things have to happen before I trade CPI on actual release: 1. Bailey has to get the price to the end of Resistance Zone above 1.23 2. On CPI Release price has to spike up far enough to catch SL's and Buy Stop orders If these 2 things become a reality, I'll risk and go Short on spike. Is it going to be the spike or not noone knows, but I'm willing to take the risk if and only if Bailey gets the price above 1.23 before CPI release actually takes place. Another way to trade is to wait out CPI release and let H4 candle actually totally confirms...
Hello Mr Wolf

I thought at the beginning of this session that Mr Market was unlikely to offer me a trade today, and I still think that. I have seen some of these wild spikes up and down on some news releases, so if I ever get the chance (and I will one day) I would have to wait it out. I'm too much of a scaredy cat to try and catch those spikes. If you do it, I hope you win!!
I am neither brave nor stupid...I am just a part time trader
  • #713,830
  • Dec 13, 2022 3:39am Dec 13, 2022 3:39am
Quoting ToSatisfy
{quote} I will wait for that till the last hour before news If I will flip or not Lets see how the candles develop till then This will be a big move once more and wrong side will be bad Lets see
I will check in the morning before I go to work to see the damage!!
I am neither brave nor stupid...I am just a part time trader
  • #713,831
  • Dec 13, 2022 3:39am Dec 13, 2022 3:39am
Quoting FulMargnAlch
{quote} {image}
Buy and sell like a trader we are.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
The market hides a perfect geometry.
  • #713,832
  • Dec 13, 2022 3:40am Dec 13, 2022 3:40am
As i mentioned earlier it is ranging between 1.2250 to 1.2300 - Just up and down and eating traders but who knows it is ranging are getting good profit.
  • #713,833
  • Dec 13, 2022 3:41am Dec 13, 2022 3:41am
Quoting TheWolf
Two things have to happen before I trade CPI on actual release: 1. Bailey has to get the price to the end of Resistance Zone above 1.23 2. On CPI Release price has to spike up far enough to catch SL's and Buy Stop orders If these 2 things become a reality, I'll risk and go Short on spike. Is it going to be the spike or not noone knows, but I'm willing to take the risk if and only if Bailey gets the price above 1.23 before CPI release actually takes place. Another way to trade is to wait out CPI release and let H4 candle actually totally confirms...

Really Tricky CPI

Nowadays NFP seems shadowed Haha

It maybe that it just stick around the Bull Close Bear Close Bull Close Bear Close

And a Blast to noone knows
Shekh In Desert
  • #713,834
  • Dec 13, 2022 3:43am Dec 13, 2022 3:43am
Quoting Indiara
{quote} Hello Mr Wolf I thought at the beginning of this session that Mr Market was unlikely to offer me a trade today, and I still think that. I have seen some of these wild spikes up and down on some news releases, so if I ever get the chance (and I will one day) I would have to wait it out. I'm too much of a scaredy cat to try and catch those spikes. If you do it, I hope you win!!
Thanks Indiara!!

Hahah, don't worry about catching those spikes, only idiots like myself are actually doing it.. total and complete disaster to be trading this way.
You don't trade like that, because you're smart, you know that this is pure and utter gambling, not trading..

When you don't have the control over the trade, it's not trading, rather gambling..

Keep stealing that money from the banks!
  • #713,835
  • Dec 13, 2022 3:44am Dec 13, 2022 3:44am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
Include the option will not move
POSTMASTER
  • #713,836
  • Dec 13, 2022 3:45am Dec 13, 2022 3:45am
Quoting ToSatisfy
{quote} Really Tricky CPI Nowadays NFP seems shadowed Haha It maybe that it just stick around the Bull Close Bear Close Bull Close Bear Close And a Blast to noone knows
The actual CPI data will probably be very benign, the real challenge is how will the MM's move the price of GU once the data is released! These moves don't always make sense and to some degree they reflect retail sentiment as well.
  • #713,837
  • Dec 13, 2022 3:47am Dec 13, 2022 3:47am
Quoting TheWolf
Two things have to happen before I trade CPI on actual release: 1. Bailey has to get the price to the end of Resistance Zone above 1.23 2. On CPI Release price has to spike up far enough to catch SL's and Buy Stop orders If these 2 things become a reality, I'll risk and go Short on spike. Is it going to be the spike or not noone knows, but I'm willing to take the risk if and only if Bailey gets the price above 1.23 before CPI release actually takes place. Another way to trade is to wait out CPI release and let H4 candle actually totally confirms...

This is crazy surely, unless I'm missing something, eg maybe you have a fundie analysis bias? If price goes up one should make an effort to get a good long entry. I never know why traders pre-assume anything, particularly ahead of a data release, just trade what we see is the best course of action whatever it is.
Trader with an Edge.
  • #713,838
  • Dec 13, 2022 3:48am Dec 13, 2022 3:48am
Taking GU up to 1.23 flips the 4 hr candle bullish and there is 11 min until the candle closes.
  • #713,839
  • Dec 13, 2022 3:55am Dec 13, 2022 3:55am
Quoting dantpm
{quote} The actual CPI data will probably be very benign, the real challenge is how will the MM's move the price of GU once the data is released! These moves don't always make sense and to some degree they reflect retail sentiment as well.

AAH YES The one thing is for sure that

Price Will Take Its Direction No Matter The News

That is If its a Bullish Trend then the Dip could be nice 100 pips and later back up 200 pips
That is If its a Bearish Trend then the Shot to high 100 pips and later back down 200 pips

Currently looks Bullish Trend
So a Dip down for 100 Pips could be and a rise back up 200 pips
Just my view but I am not positioning for it now till the last hour and If I do I will post it
Shekh In Desert
  • #713,840
  • Dec 13, 2022 3:55am Dec 13, 2022 3:55am
Quoting Headland
{quote} This is crazy surely, unless I'm missing something, eg maybe you have a fundie analysis bias? If price goes up one should make an effort to get a good long entry. I never know why traders pre-assume anything, particularly ahead of a data release, just trade what we see is the best course of action whatever it is.
I know
410 traders viewing now