Cable Update (GBPUSD) | Page 36926 | 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)

  • #738,501
  • Mar 30, 2023 10:14am Mar 30, 2023 10:14am
Quoting ScalaFX
{quote} Im a little better tomarrow you will get more {image}
Took some risk.... chart 1 min TF

And covered the daily loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-30 204255.png Size: 27 KB
Intraday only.
  • #738,502
  • Mar 30, 2023 10:19am Mar 30, 2023 10:19am
come on bears , stop stalling time
Attached Image (click to enlarge)
Click to Enlarge Name: ללא שם.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ללא שם2.png Size: 17 KB
yes yes yes
  • #738,503
  • Mar 30, 2023 10:22am Mar 30, 2023 10:22am
Maybe a drop is coming but then again usd is weak at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-30 (3).png Size: 65 KB
  • #738,504
  • Mar 30, 2023 10:30am Mar 30, 2023 10:30am
Quoting alienguy123
{quote} been wash by two trade, bit tired, yesterday also chase when Euro break high and cut. today chase when it sudden spike 5min, eventually within 5min cut again LOLZ
GU

Just look at structure, demand zone ( as HTF on upward thrust, and throw in some FIB to check the retracement (demand zone) at right fib numbers.
The rest is just manage your risk and take trades with minimal drawdown.
Minimum TF for N3 is M30, lower than that I donno...

Two trades for GU today. Basic newbie set up.
Chattime.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 081.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu 080.png Size: 37 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #738,505
  • Mar 30, 2023 10:39am Mar 30, 2023 10:39am
Quoting Indigo45
{quote} I am sure Moty is HE not She...
Last time I saw she posted her photo with her sister......

Attached Image (click to enlarge)
Click to Enlarge Name: sister.png Size: 58 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #738,506
  • Mar 30, 2023 10:44am Mar 30, 2023 10:44am
Quoting callmechief
Hi everyone! I've been following GBPUSD for the past 3 days and they just hit my ADR high. The way I see it, the intraday trend is exhausted, and so the market maker is holding price high in order to induce buyers that are just waking up in the US session. It's a common narrative that the market will pump or dump to jam volumes or orders at the beginning or end of sessions. It's what many retail traders perceive as "momentum" but its not a herd-driven buyout, its a deliberate tactic to get traders emotional, irrational, and pile in the wrong way....
I sincerely hope you aren't buying right now... I see a nice correction underway as the dealer pulls price away from higher-level buyers above ADR. It will likely play above yesterday's high at 1.2361 and losing buyers will use the "SuPPoRt" to justify their losing positions. Retail traders tend to remove their stop losses, as a response to losing trades. I see price then ducking below yesterday's high, continuing to correct against buying volume. Live accounts that have placed over leveraged buy positions (90% of the time) will be margin-called out of their positions either today or tomorrow at the European markets open.

We may see a reversal back higher, but not until the market maker has handled the current buying volume of traders.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-03-30 at 10.34.45 AM.png Size: 5 KB
Discouragement is the language of the devil. Results over hype.
  • #738,507
  • Mar 30, 2023 10:44am Mar 30, 2023 10:44am
Quoting Pat Chiko
{quote} That's is the power of Moty's Rocket. Whenever she place rocket on the chart, , moon is the limit................ Go Moty , go go.... (Please stand aside, rocket in path) {image}

Wait.. Moty is a SHE?
Don't compare your trades to others. Most often the masses are the asses
  • #738,508
  • Mar 30, 2023 10:54am Mar 30, 2023 10:54am
I suggest opening a sell limit at 1.24300
at weekly closing there is a 1W time frame there is a triple top pattern. price may no longer be rallying, and lower prices may be on the way.

SL would be 1.24600
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 107 KB
  • #738,509
  • Mar 30, 2023 10:59am Mar 30, 2023 10:59am
Quoting Pat Chiko
{quote} Last time I saw she posted her photo with her sister...... {image}
hahaha... REALLY?.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-03-30-23-55-16-39_47156649b070b5878ed30c05d64ec18b.jpg Size: 454 KB
  • #738,510
  • Mar 30, 2023 11:07am Mar 30, 2023 11:07am
oooo... forgot to paste 1H ..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-03-31-00-05-13-77_47156649b070b5878ed30c05d64ec18b.jpg Size: 407 KB
  • #738,511
  • Mar 30, 2023 11:10am Mar 30, 2023 11:10am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-30 at 17.10.00.png Size: 74 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #738,512
  • Mar 30, 2023 11:45am Mar 30, 2023 11:45am
Quoting Pat Chiko
{quote} Last time I saw she posted her photo with her sister...... {image}
IF i was a girl i wish i looked like her
but i am Just a chubby middle-aged man
yes yes yes
  • #738,513
  • Mar 30, 2023 11:46am Mar 30, 2023 11:46am
Attached Image (click to enlarge)
Click to Enlarge Name: ללא שם.png Size: 27 KB
yes yes yes
  • #738,514
  • Mar 30, 2023 11:57am Mar 30, 2023 11:57am
Quoting Moty
{image}
My thinking tomorrow is Friday the drop could be bigger and its also last day of Q1 so maybe a rebalance
Insane in the Brain..
  • #738,515
  • Mar 30, 2023 11:59am Mar 30, 2023 11:59am
Quoting KareemAliFx
{quote} I know most don’t care for what I have to say but dollar is really challenged here , we have a potential US recession, we have massive super power countries like Russia and China ditching the dollar, we would expect inflation to finally start coming down but that is not for certain. These are just some of the reasons for the dollar weakness. I say this is just getting started and eurusd is full on bull mode. Let’s see what unfolds though.
boo hoo mr poo poo USD crying
Master your mind. Master Trading.
  • #738,516
  • Mar 30, 2023 12:03pm Mar 30, 2023 12:03pm
Quoting BeeTogether
{quote} My thinking tomorrow is Friday the drop could be bigger and its also last day of Q1 so maybe a rebalance
Maybe some more up for 1.24 targets and profit taking so at end of the day we will see some drop, just loud thinking, cheers buddy!!
People don't plan to lose. They lose because they don't plan.
  • #738,517
  • Mar 30, 2023 12:17pm Mar 30, 2023 12:17pm
Quoting BeeTogether
{quote} My thinking tomorrow is Friday the drop could be bigger and its also last day of Q1 so maybe a rebalance
Could try to shake out some stops first.
  • #738,518
  • Mar 30, 2023 12:19pm Mar 30, 2023 12:19pm
Quoting Cruzsurfer
{quote} Could try to shake out some stops first.
Definitely looking for a stop hunt, but momentum and the current sentiment says GBP is "stronger" than USD. I anticipate a break against the buying volume, hit their stops in a unidirectional swing against the current bias.
Discouragement is the language of the devil. Results over hype.
  • #738,519
  • Mar 30, 2023 12:24pm Mar 30, 2023 12:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-03-30-20-19-14-166-edit_net.metaquotes.metatrader4.jpg Size: 791 KB
yes yes yes
  • #738,520
  • Mar 30, 2023 12:26pm Mar 30, 2023 12:26pm
Quoting callmechief
{quote} Definitely looking for a stop hunt, but momentum and the current sentiment says GBP is "stronger" than USD. I anticipate a break against the buying volume, hit their stops in a unidirectional swing against the current bias.
Not to mention the ADR has been violated intraday. It's the end of the trend. So many people in this thread alone are long at the moment, its a strong indicator that we're at a peak formation for the week. Market maker accumulating orders on the outside of an extreme, buyers are about to be hurt IMO.

Im looking for some acceleration to the downside towards the end of US session. Then the Dealing Desk in Asia will get news of a jammed volume and either continue to accumulate orders, or straight drop out of the zone created in US, jamming the higher number of buyers, and allocate resources to hedge their position against winning sellers (lesser volume of sellers, and profits earned from positing themselves on the winning side of the greater volume of losing buyer trades does more than make up for it.)
Discouragement is the language of the devil. Results over hype.
892 traders viewing now, 4 are registered:
Jomotron
,
,
ricmaj
,
bolivarfx