Cable Update (GBPUSD) | Page 36528 | 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)

  • #730,541
  • Feb 20, 2023 10:32pm Feb 20, 2023 10:32pm
Good morning everyone,

yesterday I mentioned two levels from which GU might sell from.
price go to the first but hasn't quite tagged the other just yet.

I expect buying until 1.209X from where we can begin to look for sell signals.

Trade safely everyone.
  • #730,542
  • Feb 20, 2023 10:38pm Feb 20, 2023 10:38pm
A buy opportunity just presented itself at 1.20209

I think we will be fine with longs now.
  • #730,543
  • Feb 20, 2023 10:46pm Feb 20, 2023 10:46pm
still holding short since yesterday, come on bears!
  • #730,544
  • Feb 20, 2023 11:18pm Feb 20, 2023 11:18pm
Quoting pipcenturion
A buy opportunity just presented itself at 1.20209 I think we will be fine with longs now.
i think 1.1986 and below are better.
i will wait
  • #730,545
  • Feb 20, 2023 11:22pm Feb 20, 2023 11:22pm
Quoting Whale
{quote} i think 1.1986 and below are better. i will wait
Nice!
  • #730,546
  • Feb 20, 2023 11:25pm Feb 20, 2023 11:25pm
Usdjpy short tp 134.100
  • #730,547
  • Feb 20, 2023 11:39pm Feb 20, 2023 11:39pm
Quoting pipcenturion
Good morning everyone, yesterday I mentioned two levels from which GU might sell from. price go to the first but hasn't quite tagged the other just yet. I expect buying until 1.209X from where we can begin to look for sell signals. Trade safely everyone.
Hello Pip Centurion,

Thank you for sharing your thoughts and ideas on the GU set up.
I appreciate the effort you have put into analyzing the price action and coming up with your own perspective.

You've put up a set up , which I called it Option A. This is what I see.
Based on kink and SRF zone for reversal.
Chart herein.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 014.jpg Size: 241 KB



I came up with option B as an alternative to option A, taking into account the daily time frame and weekly supply.
I have identified the potential for price to fill up the daily engulf zone, which is also in confluence with the QM and H4 S&R flip zone. Here's my option B charts.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 013.jpg Size: 234 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu 012.jpg Size: 174 KB


I prefer to let the chart do the talking rather than writing a long essay.
However, if you have any specific questions or comments that you would like me to address, please feel free to ask.

Overall, it is important to keep in mind that trading is a dynamic and constantly changing environment, and it is always good to have multiple perspectives and options in order to make informed decisions.


Any comment and exchanges are welcome. Thanks

Best Regard
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,548
  • Feb 20, 2023 11:45pm Feb 20, 2023 11:45pm
Quoting Pat Chiko
{quote} Hello Pip Centurion, Thank you for sharing your thoughts and ideas on the GU set up. I appreciate the effort you have put into analyzing the price action and coming up with your own perspective. You've put up a set up , which I called it Option A. This is what I see. Based on kink and SRF zone for reversal. Chart herein.{image} I came up with option B as an alternative to option A, taking into account the daily time frame and weekly supply. I have identified the potential for price to fill up the daily engulf zone, which is also in confluence...
Pat the PMI will be HUUUUUUUGE tonight!!!
  • #730,549
  • Feb 20, 2023 11:47pm Feb 20, 2023 11:47pm
Quoting ninner
{quote} Pat the PMI will be HUUUUUUUGE tonight!!!
Thanks Ninner

Any tips on how to handle this thing called PMI ?.
As I'm newbie, will always appreciate your views and ideas.

Best Wishes
Sang Real
aka Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,550
  • Feb 20, 2023 11:54pm Feb 20, 2023 11:54pm
Quoting Pat Chiko
{quote} Hello Pip Centurion, Thank you for sharing your thoughts and ideas on the GU set up. I appreciate the effort you have put into analyzing the price action and coming up with your own perspective. You've put up a set up , which I called it Option A. This is what I see. Based on kink and SRF zone for reversal. Chart herein.{image} I came up with option B as an alternative to option A, taking into account the daily time frame and weekly supply. I have identified the potential for price to fill up the daily engulf zone, which is also in confluence...
Thanks so much sir for the very detailed explanation.
The 1.209X is VAP supply level for February 15, 2023.

I noticed that @w0lfram has a market (volume) profile indicator that gives values same as my calculations.

W0lfram, kindly help us post a chart showing the volume point of control for GU February 15, 2023. Let's see if we will arrive at the same price level.

Thanks so much sir!
  • #730,551
  • Feb 21, 2023 12:03am Feb 21, 2023 12:03am
Quoting Pat Chiko
{quote} Hello Pip Centurion, Thank you for sharing your thoughts and ideas on the GU set up. I appreciate the effort you have put into analyzing the price action and coming up with your own perspective. You've put up a set up , which I called it Option A. This is what I see. Based on kink and SRF zone for reversal. Chart herein.{image} I came up with option B as an alternative to option A, taking into account the daily time frame and weekly supply. I have identified the potential for price to fill up the daily engulf zone, which is also in confluence...
GU

I have missed to attache an H1 chart in my previous post.
This H1 chart could provide more insights into the potential price movement and help us make a more informed decision.

Best regards!
PAT
Attached Image (click to enlarge)
Click to Enlarge Name: gu 015.jpg Size: 235 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,552
  • Feb 21, 2023 12:05am Feb 21, 2023 12:05am
yesterday early morning set up still active , correct enough or so and next waiting bounce up for initial target 2074, early signal now 2037, now support 2014
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #730,553
  • Feb 21, 2023 12:15am Feb 21, 2023 12:15am
Quoting ninner
Moty’s house… Look inside the most expensive Caribbean home ever listed https://www.cnbc.com/2023/02/19/most...pyToPasteboard
A bedroom, a bathroom, a kitchen, a living room, and maybe a couple more I get. What is the rest of it for other than cleaning? I wonder how often they are used?

I know off topic.
  • #730,554
  • Feb 21, 2023 12:17am Feb 21, 2023 12:17am
i don't care about the long trend
as long as price is below the pivot line
i will look for short only
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 26 KB
yes yes yes
  • #730,555
  • Feb 21, 2023 12:26am Feb 21, 2023 12:26am
2100
  • #730,556
  • Feb 21, 2023 12:31am Feb 21, 2023 12:31am
Quoting pipcenturion
Good morning everyone, yesterday I mentioned two levels from which GU might sell from. price go to the first but hasn't quite tagged the other just yet. I expect buying until 1.209X from where we can begin to look for sell signals. Trade safely everyone.
Never heard of a 1.209X??????
  • #730,557
  • Feb 21, 2023 12:33am Feb 21, 2023 12:33am
Quoting Pat Chiko
{quote} Hello Pip Centurion, Thank you for sharing your thoughts and ideas on the GU set up. I appreciate the effort you have put into analyzing the price action and coming up with your own perspective. You've put up a set up , which I called it Option A. This is what I see. Based on kink and SRF zone for reversal. Chart herein.{image} I came up with option B as an alternative to option A, taking into account the daily time frame and weekly supply. I have identified the potential for price to fill up the daily engulf zone, which is also in confluence...
Thanks Pat
Lou Vincii Code
  • #730,558
  • Feb 21, 2023 12:34am Feb 21, 2023 12:34am
Quoting Moty
i don't care about the long trend as long as price is below the pivot line i will look for short only {image}
Pivot is a magnet, remember.
Exhausted
  • #730,559
  • Feb 21, 2023 12:34am Feb 21, 2023 12:34am
Quoting Moty
i don't care about the long trend as long as price is below the pivot line i will look for short only {image}
In fact, I'm a little curious about how this pivot line was determined. It seems to work well. Please excuse me, I'm still looking for the right trade method.
Just follow the trend.
  • #730,560
  • Feb 21, 2023 12:35am Feb 21, 2023 12:35am
GU

Warm up trade pre LO.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 016.jpg Size: 166 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
253 traders viewing now, 1 is registered:
Marbas