Cable Update (GBPUSD) | Page 35898 | 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)

  • #717,941
  • Jan 4, 2023 1:30pm Jan 4, 2023 1:30pm
That blue flag spoil everything... I tought FOMC going to break it.. but.. hahaha... well going to watch EPL.. have to wait untill one of the flag break
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 24 KB
  • #717,942
  • Jan 4, 2023 1:34pm Jan 4, 2023 1:34pm
Quoting Zairul
That blue flag spoil everything... I tought FOMC going to break it.. but.. hahaha... well going to watch EPL.. have to wait untill one of the flag break {image}
For the love of the game. And the need for a break from these charts!
Not that there's any EPL match tonight that's so interesting. Perhaps the relegation battle might offer some entertainment.
Popcorn and beer loading up...
  • #717,943
  • Jan 4, 2023 1:36pm Jan 4, 2023 1:36pm
Quoting dantpm
Market appears to have gone back to the pre-announcement level. Heading ? Maybe we have to wait for tonight to find out.
dantpm, you can bracket the first 15M on a 1M chart and scalp waiting for the breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.04 1M.png Size: 33 KB
Always trade your own plan...I don't provide trading signals.
  • #717,944
  • Jan 4, 2023 1:37pm Jan 4, 2023 1:37pm
The indices moved a lot apparently.
  • #717,945
  • Jan 4, 2023 1:42pm Jan 4, 2023 1:42pm
Quoting JayBag
A few hours ago, I posted something for us to think about. sharing ideas and tools to help archive a possible fail-proof system If we can't see eye-to-eye, how are we supposed to build? I suggest we just pay less attention to things that won't help us grow as traders. The irony is that the nagging is between two of my favorite traders on this site. Squash it, guys. Please! On here, I do not have enemies or anything related. I may even like posts by someone who probably insulted me a few weeks ago if/when they post something...
Hi Justin,
I hear your sentiments and I wish for it all to stop. It so happens that it doesn't. I post for a while, all well and then I get a sudden backlash. I do not consider myself superior to anyone here and just want to post as usual, which is a good journal for me to capture my thought process when I open a trade. I don't compete with anyone as my trades are small. Some guys make more in a few scalps then I make in a year. I am a small time home trader with a goal to make something from nothing. I wish we can all be a happy family in the new year,
Cheers.
Trade to trade another day
  • #717,946
  • Jan 4, 2023 1:42pm Jan 4, 2023 1:42pm
Thinking to short again ,

H4 is in correction after the last breakdown
15 min ,we can see the correction in full ABC , A has three waves up , B is a 5 wave triangle and C a 5 wave impulse up.

breakdown of 2013 might be the confirmation for another short as the swing will be trending down, the previous abc swing down looked false, much more like an ABC expanding flat to induce shorts too early.
Follow The Markets Structure - Patience and Discipline
  • #717,947
  • Jan 4, 2023 1:45pm Jan 4, 2023 1:45pm
Quoting BrainBucks
{quote} For the love of the game. And the need for a break from these charts! Not that there's any EPL match tonight that's so interesting. Perhaps the relegation battle might offer some entertainment. Popcorn and beer loading up...
IM WATCHING SPURS... GOT KANE ON MY FPL...
  • #717,948
  • Jan 4, 2023 2:01pm Jan 4, 2023 2:01pm
Quoting Pat Chiko
FOMC MoM FOMC Minutes: Officials Said Further Rate Increases Would Be Necessary --WSJ FOMC Minutes: Officials Agreed Rate Cuts Shouldn't Happen in 2023 --WSJ FOMC Minutes: Officials Emphasized Need for 'Flexibility and Optionality' in Policy Decisions --WSJ
The SAD part is this - the USA equity market doesn't believe the FED and actually believes that rate CUTS are coming in 2023.

WRONG!!!!

Don't fight the FED people.
...because you never know - until you do!
  • #717,949
  • Jan 4, 2023 2:01pm Jan 4, 2023 2:01pm
Quoting Wavegarrick
{quote} Hi Justin, I hear your sentiments and I wish for it all to stop. It so happens that it doesn't. I post for a while, all well and then I get a sudden backlash. I do not consider myself superior to anyone here and just want to post as usual, which is a good journal for me to capture my thought process when I open a trade. I don't compete with anyone as my trades are small. Some guys make more in a few scalps then I make in a year. I am a small time home trader with a goal to make something from nothing. I wish we can all be a happy family...
Wise words, Leon! Let it be!
  • #717,950
  • Jan 4, 2023 2:05pm Jan 4, 2023 2:05pm
Shorting. Send miracles, I'm just a regular retail newbie. I don't know all the fancy smart money liquidity orderblock void trading styles. Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
How to succeed in zero sum game?
  • #717,951
  • Jan 4, 2023 2:12pm Jan 4, 2023 2:12pm
Quoting fxsport
{quote} The SAD part is this - the USA equity market doesn't believe the FED and actually believes that rate CUTS are coming in 2023. WRONG!!!! Don't fight the FED people.
almost everyone on this thread is a day trader.
then why long term fundamental analysis.
when the time comes to raise and lower the interest rate, they will know in time.

it's just unnecessary thinking.
  • #717,952
  • Jan 4, 2023 2:15pm Jan 4, 2023 2:15pm
Quoting Wavegarrick
{quote} Hi Justin, I hear your sentiments and I wish for it all to stop. It so happens that it doesn't. I post for a while, all well and then I get a sudden backlash. I do not consider myself superior to anyone here and just want to post as usual, which is a good journal for me to capture my thought process when I open a trade. I don't compete with anyone as my trades are small. Some guys make more in a few scalps then I make in a year. I am a small time home trader with a goal to make something from nothing. I wish we can all be a happy family...
To be honest I for example, never had anything with you until yesterday. Then I realised that you took it pretty serious. I was only friendly mocking until you went full hulk on me. Why? Well whatever the reason, I don't care It's just most of the things are created towards you are by you and only you. I still don't hold any grudges tho, i just like to make stupid jokes because I get bored

As I see there is a lot of "mocking around" but I don't see it as something insulting. Maybe people from different culture like africa might get insulted easier than people from idk lets say Europe, right? I know indonesians don't because I had a girl from there for 3 months when I was travelling Australia . She didn't take it into heart lol. Friendly mocking was always welcome.

I usually get serious with people who are showing off and/or are just plain stupid , then I start to "protect" the thread. Otherwise it's all just fun and jokes lol.

Nothing serious.

Anyways there is a saying in Estonia. Don't take it into heart take it into mouth. It's easier to spit out

Happy trading fellas!
How to succeed in zero sum game?
  • #717,953
  • Jan 4, 2023 2:24pm Jan 4, 2023 2:24pm
Quoting Coreg2004
{quote} dantpm, you can bracket the first 15M on a 1M chart and scalp waiting for the breakout. {image}
I know that you are communicating in English but right now it might just as well be in a foreign language because I don't understand what you are proposing.
  • #717,954
  • Jan 4, 2023 2:29pm Jan 4, 2023 2:29pm
(-$53) loss on FOMC
Had to give back to the market.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-traders-global-group-had-to-give-some-back.png Size: 46 KB
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #717,955
  • Jan 4, 2023 2:44pm Jan 4, 2023 2:44pm
In the FX world, we see some wild reversals on the 240-minute charts that then get reversed themselves, or not. The euro had a dandy one yesterday, as did the GBP, AUD and CAD. There seems to be a small tendency to short squeeze the dollar, resulting in a better dollar outcome that might well be transitory. With contracting average true ranges and the Bollinger bands in a tight squeeze, two things—you can’t make much gain either way and the risk of loss is high. Time to retire for a few days.

“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.”
― Rumi
Don't compare your Trades with Others
  • #717,956
  • Jan 4, 2023 2:48pm Jan 4, 2023 2:48pm
Quoting dantpm
{quote} I know that you are communicating in English but right now it might just as well be in a foreign language because I don't understand what you are proposing.
dantpm, play the first 15M bar after the announcement on a smaller time frame(STF) as a range (buy low/sell high). At one point the range breaks and GU will go in your desired direction.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.04 3M.png Size: 30 KB
Always trade your own plan...I don't provide trading signals.
  • #717,957
  • Jan 4, 2023 3:00pm Jan 4, 2023 3:00pm
Quoting tiborf71
{quote} almost everyone on this thread is a day trader. then why long term fundamental analysis. when the time comes to raise and lower the interest rate, they will know in time. it's just unnecessary thinking.
@tiborf71 - I am a day/swing trader myself (rarely hold a position longer than 48 hours) but what I have found is that my "long-term" outlook can affect my DAILY trading. If I believe that the DXY is going to continue to increase then I'm more inclined to look at shorting positions in EUR than buying; doesn't mean I don't do both but I like to limit my trading to no more than 4-6 round-trip/day.

Unlike most other traders I DO allow fundamentals rather than strictly patterns to influence my trading. That is WHY I LOVE indecision and uncertainity as it increases volatility and profit potential.
...because you never know - until you do!
  • #717,958
  • Jan 4, 2023 3:15pm Jan 4, 2023 3:15pm
Quoting palpite
sell - 1.2062 stop loss - 1.2080
trade closed - 1.2057

tomorrow i try again.
Together we can be strongest
Vantage Return This Month: na
  • #717,959
  • Jan 4, 2023 3:54pm Jan 4, 2023 3:54pm
Flatline…. Good night folks
Insane in the Brain..
  • #717,960
  • Jan 4, 2023 3:56pm Jan 4, 2023 3:56pm
is that the perfect strategy or what ?
or i am missing something
every position cover on the next one , so if it stopped out , the lose of it
Offsetting with the profit the previous one
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 14 KB
yes yes yes
308 traders viewing now