Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

1.204 - 1.216 is my long term pivot area, if price remain inside then it is no mans land.
Few days ago price able to break downwards but unable to sustain the momentum, now it is going back up but not yet clear the pivot range.
I will do nothing until price can clear the range, be it up or down.

Price action quite boring lately.
GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
Quoting ninner
{quote} 2big banks are short the gu. I’d rather be on their side than yours!!!
I don't know where you are coming from with your conclusions, I just respect the charts. Obviously at the moment GU shows no signs of going down.
Just follow the trend.
Above 1.2126 is all SL hunting. 1.2142 is 50sma on weekly.
Trade ideas and Comment

Trade set up and ideas.
Any view welcome, troll will be prosecuted.
Attached Image (click to enlarge)
Click to Enlarge Name: prosecute.jpg Size: 85 KB



GBP USD
Partial closed.
Minor pull back to RSF, FL and H1 demand zone, with BOS on the last swing, before continue up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 157.jpg Size: 229 KB



GBP CAD
Full closed.
Minor pull back to RSF with H4 demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 004.jpg Size: 189 KB



While waiting for the set up to show me the N3, I'my taking my daily reward..... smoking time.....
Attached Image (click to enlarge)
Click to Enlarge Name: forgot.jpg Size: 84 KB
I come from the future.
...4hr closes as a bullish thrust on gmt+2 price feed in this 3 fib cluster.... Price now deeper in this prev 30min sw hi zone that extends up to 2148 which is Dly R2 on this price feed.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Above 1.2126 is all SL hunting. 1.2142 is 50sma on weekly.

Price just now hit the weekly 50sma of 1.2142. I'd give another 30 - 50 pips of upward momentum and then back below 1.21.
...for the bulls, price probably has to clear 2186 (for the reasons set out in my prev posts today) for a clearer run up to Fri's 2266 hi?
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
A quick look at the weekly, shows 1.22 region as offering some potential resistance, while conspiring with the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 7 KB
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting ninner
{quote} 2big banks are short the gu. I’d rather be on their side than yours!!!
Interesting, care to tell us how you managed to get the positions of 2 banks and can you give us some details on their positions?
There are lots of "big banks" in the world, so depending on whether they are T1 banks and the size of their respective positions, "2 big banks are short the gu" doesn't really mean much, for all we know, it might just be 2 regional banks with 20 mil position each which essentially means nothing.
Quoting pipfarm
{quote} The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
The 3 wave pattern in the B of ABC completed on nearly every pair i monitor, , i'am starting to believe the algo theory but then again it fits with elliott wave theory perfectly and there were no algos in those days.
Follow The Markets Structure - Patience and Discipline
Quoting Han2019
{quote} Interesting, care to tell us how you managed to get the positions of 2 banks and can you give us some details on their positions? There are lots of "big banks" in the world, so depending on whether they are T1 banks and the size of their respective positions, "2 big banks are short the gu" doesn't really mean much, for all we know, it might just be 2 regional banks with 20 mil position each which essentially means nothing.
Absolutely. latest estimates put forex transactions worldwide @ $7trillion/day and gbpusd is 11% of that, so $770billion/day.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting BigNumbers
GBPCAD From the green zone to yellow zone is a buy zone... once price make it above the green buy... BUY I already bought because i am not scared of losing but to be safe wait for price to come above the green zone {image}

A long term buy has been confirm on GBPCAD... because it has clearly reject the monthly support ...

We should head to the weekly resistance at 1.64980
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_2023-02-09_02-14-14.png Size: 24 KB
Whatever it takes…
Quoting ninner
{quote} 2big banks are short the gu. I’d rather be on their side than yours!!!
Yes they most probably are short longer term, currently the up move is corrective, so either they have closed some positions and are aiming to sell higher , nothing wrong in being long short term so long as you get out early enough before the drop.
Follow The Markets Structure - Patience and Discipline
Quoting BigNumbers
{quote} A long term buy has been confirm on GBPCAD... because it has clearly reject the monthly support ... We should head to the weekly resistance at 1.64980 {image}

Wait for price to push above the LQ green zone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_2023-02-09_02-20-44.png Size: 27 KB
Whatever it takes…
Sleep well=use longer time frame
Attached Image (click to enlarge)
Click to Enlarge Name: 20.png Size: 18 KB
ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
Perhaps more to the point (or not), is that FF retail stats show most traders have been long since last Friday and are now starting to short.
If and/or when we hit 1.22+ resistance region, I'll be watching to see if more longs start piling in before looking for signs to short again.
Then again, I have 't been watching the charts much nowadays due to work, so I might just miss it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 7 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 7 KB
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting Waveskierrob
My 3 SHORTS now at BE 1.2085 , lets make some profit...
Missed my chance, a little greedy, gunna have to pay for it in patience points...3 SHORTS under the sea ...
Soon To Be Temporarily Suspended Again
Quoting Moty
1.21251-469 is a resistance level the gap in the dx is closed i am short {image}
I'm waiting 1.2170 for to sell.
Together we can be strongest
Quoting BigNumbers
GU LONG 135 pips {image}
about last night trade
Please watch 1.21611 it is a strong monthly level and secure our profits.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-09_02-28-48.png Size: 25 KB
Whatever it takes…
Leave the cheaters hunt the stop loss.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 10 KB
Together we can be strongest
68 traders viewing now, 6 are members:
Torzone
,
stevepatt
,
keristuah
,
,
,