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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

Quoting DubaiFX
See USDINDEX and GOLD Crazy Move no Big news still Gold is up 20$ in just 2 hours.. that is the Reason End of the Year is always Crazy, maybe i am Crazy for Shorting GOLD went on 1820 looking for at least 1815 or 1810 if i am Lucky that Move Does not Strike me as Solid Move, i have Bloomberg data Converted in R Chart and it does not say GOLD should be at 1820 so sold just a small lot want to see what happens, as i said Before Until Next Year i am out of POUND, so don't mind GOLD Analysis Guys some times it is Better to...
Thank you GOLD, just 1 trade made me 20% today believe it or not, just closed below 1800.
just FYI i closed yesterdays trades at 1815 today sold again at 1818 and it payed off
Patience is Great Asset If you know what you are Doing.

Be Patient and Tough; someday this Pain will be Useful to you.........
Don't compare your Trades with Others
Quoting Pat Chiko
{quote} GU Scalp SHORT{image}
Scalping is good i do it all the Time, but in the Right DIrection, i never try to Predict when the Bottom is.. it is much harder, why not just simplify things,
i did have that desire to catch the retracement but years later i found out i made very little of it, and wasted a lot of Time, and for me Time is Money..
History can be your Best Teacher,
and those who Don't Learn from History, Become History.. just a thought..
i learned from Past Mistakes that Scalping pays much more then waiting for 100 or 200 pip Target, i still do hold one small lot for Final Target,
but usually i take 30-50 pips when ever i see over Sold in Small Charts, and when that's over Sell again at Higher Level and Make More pips..
Just telling you what i do, that's all,
here on FF some people got Defensive Angry, so i ALways try my Best o Explain its just my Opinion nothing Else.
but i do Remember Karmo Said it to me in 2010..

Never Try to Catch a Falling Knife, you will only hurt Yourself........
Don't compare your Trades with Others
Quoting DubaiFX
{quote} Scalping is good i do it all the Time, but in the Right DIrection, i never try to Predict when the Bottom is.. it is much harder, why not just simplify things, i did have that desire to catch the retracement but years later i found out i made very little of it, and wasted a lot of Time, and for me Time is Money.. History can be your Best Teacher, and those who Don't Learn from History, Become History.. just a thought.. i learned from Past Mistakes that Scalping pays much more then waiting for 100 or 200 pip Target, i still do hold one small...
Thank you for the valuable advises, I will remember.
well,

The price should find resistance before the next 4 hr candle for a drop again.

I would prefer a good long in the next 4 hr candle.

PAT' s call is respected.

( And most importantly, my pocket is full too. )

I exited from long at 2037.

However.... I buy in the last 4 hr candle.
Intraday only.
expecting a strong risk on move, to end the year
then in january things could get ugly

starting to buy some around here
COT: The precious data ignored
I made $500 (+2.5%) scalping, but I actually had to give back $300 before that, should have stopped at $800 (+4%), pure greed.
No more trading this year for me.

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BTC/USD Trend Following EA Beta Testing All Time Return: 66.6%
Quoting Phil_GMT
I made $500 (+2.5%) scalping, but I actually had to give back $300 before that, should have stopped at $800 (+4%), pure greed. No more trading this year for me. {image}
well done
Intraday only.
Quoting kuroro001
expecting a strong risk on move, to end the year then in january things could get ugly starting to buy some around here
We may end the year with a large rip up to 1.2250 and dxy below 14 dec low or around there

That or we just settle on one of the BRN psych levels and DXY goes to 105 which is a focal point

Lets see. I'm not certain we've found our low yet. I agree there's a large bull move in the works but around this time of year quite hard to discern when/where
Quoting mysterio
{quote} We may end the year with a large rip up to 1.2250 and dxy below 14 dec low or around there That or we just settle on one of the BRN psych levels and DXY goes to 105 which is a focal point Lets see. I'm not certain we've found our low yet. I agree there's a large bull move in the works but around this time of year quite hard to discern when/where
Exactly what i feel for year end, same with equities
Just to squeeze all bears, which is massive (most bearish bets ever)

So a squeeze to clear bearish bets, then back down

We'll see
COT: The precious data ignored
Quoting DubaiFX
{quote} Scalping is good i do it all the Time, but in the Right DIrection, i never try to Predict when the Bottom is.. it is much harder, why not just simplify things, i did have that desire to catch the retracement but years later i found out i made very little of it, and wasted a lot of Time, and for me Time is Money.. History can be your Best Teacher, and those who Don't Learn from History, Become History.. just a thought.. i learned from Past Mistakes that Scalping pays much more then waiting for 100 or 200 pip Target, i still do hold one small...
I'm Newbie.
Have been trading more than 2 years.

I don't know what you're talking about.
Now I go for smoke, coz reading your post going round and round.

(new packet just bought cheap cheap in Thailand)
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I come from the future.
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Why Gold is failing to make a higher high
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I will put this hustle on Forbes by the special grace of God!
Figures only
Hi everyone
this my first post
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Part time trader
skiing is great black diamond run novice
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Quoting eyefeelsix
{quote} 10p before the zone {image}
the market climbing slowly after 1.2000 reached
The Path of Least Resistance ~
Quoting papatya
Hi everyone this my first post {image}
Target of each position 40 pips only
Part time trader
I hope it does so and activates my pending Sell Order

Best Regards

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Imagination rules the world ...
Quoting dantpm
I can't be the only one getting frustrated when the GU and USDX move in the same direction! This implies massive weakness or strength in the pound!
That is essentially correct, and that is when you should look at EURUSD. If EURUSD is going opposite the GU/USDX, then HIGHLY likely that EURGBP is also opposite and becomes the preferred pair to trade of the three.
To free Gazans of Hamas, use whatever it takes.
Quoting Pat Chiko
{quote} I'm Newbie. Have been trading more than 2 years. I don't know what you're talking about. Now I go for smoke, coz reading your post going round and round. (new packet just bought cheap cheap in Thailand){image}
...are you going to smoke all of those
...it is what it is
Quoting BigNumbers
Why Gold is failing to make a higher high {image} I will put this hustle on Forbes by the special grace of God!
Hahnenkamm
https://www.zerohedge.com/markets/ha...nge-begun-blow
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