Cable Update (GBPUSD) | Page 36298 | 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)

  • #725,941
  • Feb 3, 2023 2:21am Feb 3, 2023 2:21am
EURGBP M15 está mostrando um topo mais baixo, precisa de um little mais tempo para confirmar.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 6 KB
Together we can be strongest
Vantage Return This Month: na
  • #725,942
  • Feb 3, 2023 2:21am Feb 3, 2023 2:21am
Quoting Whale
{quote} no, not classical e wave, but on weekly i see new low.we are at the beginning of 5th
Thanks, to hear
  • #725,943
  • Feb 3, 2023 2:22am Feb 3, 2023 2:22am
Quoting Headland
{quote} I don't know what you mean by the London open - do you mean equities? Just to be clear: London forex desks open 0630am/0700am London time, and London equities open 0800am London time. in fact most if not all Uk asset-class markets are already open now. Forex and equities make up a big part of the total inter-asset class flows.
Doesn't matter, main volume start when equities start trading. And that's 8.00am With what are you buying your stocks with? You can trade Forex around the clock, that doesn't mean it's liquid all the time.
  • #725,944
  • Feb 3, 2023 2:23am Feb 3, 2023 2:23am
Could it mean strong demand of usd coz of its interest rates which has shadowed the gbp rise in rate?
  • #725,945
  • Feb 3, 2023 2:25am Feb 3, 2023 2:25am
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 4 KB
Together we can be strongest
Vantage Return This Month: na
  • #725,946
  • Feb 3, 2023 2:29am Feb 3, 2023 2:29am
Quoting catch22
{quote} Yes, i mean 8.am London time, 20 minutes ago.
Best hours to trade Asian Market at Japan open midnight to 1 am and close 7.30am - 8 am LGT.
London and NY open and close.
  • #725,947
  • Feb 3, 2023 2:29am Feb 3, 2023 2:29am
Quoting catch22
{quote} Doesn't matter, main volume start when equities start trading. And that's 8.00am With what are you buying your stocks with? You can trade Forex around the clock, that doesn't mean it's liquid all the time.
Generally agree, but you might be surprised how many orders are placed in the 1st hour of London forex open say from 0700am London time. Markets can move in thin liquidity also, and many times thin liquidity can lead to so-called 'exaggerated' moves. In the U.s they used to call/still call the 1st hour of the DJIA open the 'fools hour' because all the retailers/so-called 'dumb-money' rushed in @ the open.
Trader with an Edge.
  • #725,948
  • Feb 3, 2023 2:34am Feb 3, 2023 2:34am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
yes yes yes
  • #725,949
  • Feb 3, 2023 2:37am Feb 3, 2023 2:37am
Quoting Headland
{quote} Generally agree, but you might be surprised how many orders are placed in the 1st hour of London forex open say from 0700am London time. Markets can move in thin liquidity also, and many times thin liquidity can lead to so-called 'exaggerated' moves. In the U.s they used to call/still call the 1st hour of the DJIA open the 'fools hour' because all the retailers/so-called 'dumb-money' rushed in @ the open.
Which is why i said that london open (8.00am) often times reverses "exaggerated moves" prior to it
Everything is "thin" compared to what starts happening after 8.00am.

During thin liquidity, it's best to hunt stops. Sometimes their so big it makes sense to hunt them 500pts away in a matter of seconds if there's noone defending it.
  • #725,950
  • Feb 3, 2023 2:41am Feb 3, 2023 2:41am
Quoting Mitiblotch
Now long GU here at 2383. Target is 2500 and above. I will hold except I see a full daily lose below 2335.
I should give update about this trade. I became so busy and just checked yesterday. So price came down and took out my SL at 2284 and then went up to hit my desired 2450 and almost 2500 and now price has crashed again. I took a 100 pip loss. I was in profit many times and should have banked but left it untended. I still believe the dollar will get weak. I have put my fibs and will wait to buy at around 38.6% of the rise.

Beetogether, I have been posted to University Hospital in a placed called Hairmyres Eastkilbride. Just busy this period with classes and clinical postings so may bot be able to trade. However, I bought UJ here at 128.70 and will leave it. Once I get to the hospital my phone will be put away in my bag. Hopefully it hits TP before close of the day st 5pm.
  • #725,951
  • Feb 3, 2023 2:42am Feb 3, 2023 2:42am
Quoting catch22
{quote} Which is why i said that london open (8.00am) often times reverses "exaggerated moves" prior to it Everything is "thin" compared to what starts happening after 8.00am. During thin liquidity, it's best to hunt stops. Sometimes their so big it makes sense to hunt them 500pts away in a matter of seconds if there's noone defending it.
Yeh, I get what you are saying. Is your observation anecdotal or empirical? Ie do you have a large multi-year sample size of evidence of this to say that the phenomenon/pattern represents an actual trading edge in itself, or is it just an anecdotal (non-recorded) observation? Just interested, Thanks.
Trader with an Edge.
  • #725,952
  • Feb 3, 2023 2:44am Feb 3, 2023 2:44am
Tempted to try a long. Maybe upto 12260 before
NFP
Insane in the Brain..
  • #725,953
  • Feb 3, 2023 2:46am Feb 3, 2023 2:46am
Quoting Moty
{image}
Target = re-test the triangle H4.


Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 8 KB
Together we can be strongest
Vantage Return This Month: na
  • #725,954
  • Feb 3, 2023 2:47am Feb 3, 2023 2:47am
LADIES AND GENTLEMEN.. GBP/USD Daily Chart confirmed Short!

Now, as pipcenturion said, we might get 1.235 today and that's true, however after that retracement (if it happens) I suggest you to forget the rally!

R on Daily is at ~1.234.

I could be wrong, of course, but I am REALLY Bearish at the moment.

S1 ~1.21650
S2 ~1.19000

R ~1.23400
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 19 KB
Click to Enlarge Name: GBPUSD Daily.png Size: 15 KB
  • #725,955
  • Feb 3, 2023 2:47am Feb 3, 2023 2:47am
поместить в оттенки серого вещества между привет пирожками...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 mstart.png Size: 44 KB
  • #725,956
  • Feb 3, 2023 2:53am Feb 3, 2023 2:53am
* We are at Weekly Support *
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Weekly.png Size: 17 KB
  • #725,957
  • Feb 3, 2023 2:55am Feb 3, 2023 2:55am
EURGBP - Cheaters in action.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 6 KB
Together we can be strongest
Vantage Return This Month: na
  • #725,958
  • Feb 3, 2023 2:55am Feb 3, 2023 2:55am
Quoting palpite
{quote} Post your trades in real time for me to see if work or not.
1. I don't use stochastic indicator. I have previously studied it and used it. I decided that RSI gives me a bit more useful information, even though they appear to many people to give the same information.

2. I had a Trade Explorer running for over 1 year so anyone that cared to look could see every one of the over 300 trades that I made during that period. 2 losing trades. Drawdown so small that it registered 0 because the amount lost was pennies against thousands. So no need for me to post live trades and repeat what I have already shown for an entire year. So yes, it does work--for me, anyway.

3. I have also posted many charts with indicators only--no price bars displayed--that I use for analysis.
To free Gazans of Hamas, use whatever it takes.
  • #725,959
  • Feb 3, 2023 2:57am Feb 3, 2023 2:57am
Quoting Headland
{quote} Yeh, I get what you are saying. Is your observation anecdotal or empirical? Ie do you have a large multi-year sample size of evidence of this to say that the phenomenon/pattern represents an actual trading edge in itself, or is it just an anecdotal (non-recorded) observation? Just interested, Thanks.
This is based on my experience and is actually a "common knowledge" among traders. You have to get a feel for it, it's like market is trading down, then finds some support but it's completely unable to trade higher, like someone is holding it down really tight and then during the last hour of before London open it makes a dive for it, which is basically a stop hunt ahead of new liquidity because then you don't have that power of thin liquidity anymore. London takes it as a bargain and trades back to it's "fair" value. It should happen relatively quick. Since it hasn't happened so far and pound is trading reaaaally weak and it'sa NFP day i got out at BE and will not trade it till after the news.

Also, this alone isn't a trigger for me, as you noticed i attached a "sentiment model which is by far more important for me. This means that 1.2260ish will get touched at some point but it could take time since there are downside levels to print as well. But that's a whole different story.
  • #725,960
  • Feb 3, 2023 2:58am Feb 3, 2023 2:58am
Quoting Moty
the only way is down the crooks reveled their secret , the dx will not break 101.300 {image} {image}
What about the STRONG retracements that are part of the down progression???
To free Gazans of Hamas, use whatever it takes.
796 traders viewing now, 5 are registered:
Mr.pawan
,
,
notabdullah1
,
,