Cable Update (GBPUSD) | Page 36265 | 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)

  • #725,281
  • Feb 1, 2023 10:48am Feb 1, 2023 10:48am
Quoting shay14
{quote} damn , this was harsh
I will always be a savage to scammers, I have no remorse towards scammers
Master your mind. Master Trading.
  • #725,282
  • Feb 1, 2023 10:49am Feb 1, 2023 10:49am
Quoting Kwt4x
{quote} audnzd is 6$/pip/lot gbpusd is 10$/pip/lot
Depending on broker. My GU varied from 0.8 pip (lowest) to 2.4 pip (highest last year) excluding the high volume volatility spread (during news).
Exhausted
  • #725,283
  • Feb 1, 2023 10:51am Feb 1, 2023 10:51am
Quoting palpite
Have a harmonic pattern bearish in EURGBP - H4. {image}
That would mean we will see stronger Pound soon, which is not something I want to see..

Stronger Pound than Euro usually means (in my textbook) that Pound should go up against USD faster than EUR.
If Pound is about to rise suddenly against Euro that's bad for USD Bulls, since Euro almost never goes faster than Pound against USD.

And that doesn't work the other way around in this situation. Because Pound is more volatile, if they're falling against USD, then we usually see EUR going up against Pound, because Pound is depreciating at a more rapid pace.

This can all be bollocks, but that's how I think about it and have witnessed it many, many times.
  • #725,284
  • Feb 1, 2023 10:53am Feb 1, 2023 10:53am
Quoting Elysion
{quote} Depending on broker. My GU varied from 0.8 pip (lowest) to 2.4 pip (highest last year) excluding the high volume volatility spread (during news).
I'm talking about pip value not spread. cross's has less value than majors.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #725,285
  • Feb 1, 2023 10:55am Feb 1, 2023 10:55am
Quoting akhilraj49
A possible buy pressure Resons:- 4HR Demand zone BOS in Smaller TF Only for Intraday {image}
SL Booked
  • #725,286
  • Feb 1, 2023 10:57am Feb 1, 2023 10:57am
Quoting SnailFX
{quote} That would mean we will see stronger Pound soon, which is not something I want to see.. Stronger Pound than Euro usually means (in my textbook) that Pound should go up against USD faster than EUR. If Pound is about to rise suddenly against Euro that's bad for USD Bulls, since Euro almost never goes faster than Pound against USD. And that doesn't work the other way around in this situation. Because Pound is more volatile, if they're falling against USD, then we usually see EUR going up against Pound, because Pound is depreciating at a more...
But we have another problem, because the USD Index will rise up too. So, i not have idea who will be strongest.
Together we can be strongest
Vantage Return This Month: na
  • #725,287
  • Feb 1, 2023 10:58am Feb 1, 2023 10:58am
Quoting Kwt4x
{quote} I'm talking about pip value not spread. cross's has less value than majors. cheers,
Ah, sorry misunderstood. Yeah.
Exhausted
  • #725,288
  • Feb 1, 2023 10:58am Feb 1, 2023 10:58am
Best bet is to stay out of the way. But this is just a note to myself.
  • #725,289
  • Feb 1, 2023 10:58am Feb 1, 2023 10:58am
Quoting SnailFX
Now, with 2 hours before my blood pressure starts rising, I'll relax, sip myself some juice and light up one for Pat Chiko while he's away. May it bring luck to us all!
You should look for long soon, can be a retracement or a reversal. 1.23 is still looking like a resistance.
Exhausted
  • #725,290
  • Feb 1, 2023 11:06am Feb 1, 2023 11:06am
This is when you realize the manipulation of this currency, at the close and they are not able to raise 10pips ???, when there are days that the closings of other tables are passed by ... !! The next thing is the deposition! Surely they will end in the 2100!
  • #725,291
  • Feb 1, 2023 11:08am Feb 1, 2023 11:08am
on h4 and d1 timeframes there're falling movement. for my forecast now it's still bullish. but if pair falls below level of 1.22580 then the bear is starting.
  • #725,292
  • Feb 1, 2023 11:10am Feb 1, 2023 11:10am
AUDUSD SHORT
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_2023-02-01_09-07-54.png Size: 24 KB
My telegram: https://t.me/avidforex
  • #725,293
  • Feb 1, 2023 11:14am Feb 1, 2023 11:14am
Quoting BigNumbers
AUDUSD SHORT {image}
your green bars are down bars, and your black bars are up bars? odd choice....
Get the Lag out
  • #725,294
  • Feb 1, 2023 11:15am Feb 1, 2023 11:15am
Quoting Kwt4x
{quote} I'm talking about pip value not spread. cross's has less value than majors. cheers,
correction against spreading wrong knowledge
that is not true .. it depends
for example
AUDCHF
CADCHF
NZDCHF
pV>10
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,295
  • Feb 1, 2023 11:16am Feb 1, 2023 11:16am
Quoting ZeroLag
{quote} your green bars are down bars, and your black bars are up bars? odd choice....
To each his/her own way of understanding.
So long as we all arrive at desired destination: profits!
Color is insignificant


...but yeaaa that was kinda odd
  • #725,296
  • Feb 1, 2023 11:18am Feb 1, 2023 11:18am
buy - 1.2309
Together we can be strongest
Vantage Return This Month: na
  • #725,297
  • Feb 1, 2023 11:28am Feb 1, 2023 11:28am
Quoting ZeroLag
{quote} your green bars are down bars, and your black bars are up bars? odd choice....
Its constantly reminds me not to do forex in a normal way...
My telegram: https://t.me/avidforex
  • #725,298
  • Feb 1, 2023 11:28am Feb 1, 2023 11:28am
were not done going down!
  • #725,299
  • Feb 1, 2023 11:28am Feb 1, 2023 11:28am
Something that I've been thinking for the past few days.

Why does the trend seem to be respecting such structure where the MOST of the time, the 3rd tap onto the opposite side of trend line (aka lower lows/higher highs) will likely leads to a reversal / a retracement. (Works in any TF apparently)

I've been using this to look for reverse trades these days.

Eg. below, I just took a 40 pips trade just now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230202_012335.jpg Size: 624 KB
Exhausted
  • #725,300
  • Feb 1, 2023 11:31am Feb 1, 2023 11:31am
Quoting FederalTrade
were not done going down!
Feel free to stay down
Some of us are happy to take the elevator
308 traders viewing now