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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

Quoting BeeTogether
{quote} warm but great. Thanks to the last month of cable I even afforded a 5 star hotel lol
thats great. Enjoy!
Trade what you see not what you think.
Quoting Buck0
{quote} Folks coming to a forum and talking smack about how others go about their business is comical...whats next?Is he gonna say you can't use technical analysis and things like Fibs are trash? I do just fine using S/R and trading off Fib levels. {image}
fibs are completely garbage yes, if you use them you are just as garbage as those fib lines LMAOOO
Quoting Jolita
{quote} No, how are your long trades doing? Have you banked your profits?
My strategy has a profit factor of 2.80 , meaning its extremely profitable and also meaning yes I booked some profits at the end of last week and as of right now I am shorting the EUR/CAD while also going long on the Pound Swissy and also the Kiwi Swissy
Quoting Bobbynouchet
{quote} My strategy has a profit factor of 2.80 , meaning its extremely profitable and also meaning yes I booked some profits at the end of last week and as of right now I am shorting the EUR/CAD while also going long on the Pound Swissy and also the Kiwi Swissy
Your GU trade was very good trade.
Only question why trade mini lots if you have top strategy?
EC broke up (weekly), after temporary correction should extend to 151 at least.
Quoting Jolita
{quote} Your GU trade was very good trade. Only question why trade mini lots if you have top strategy? EC broke up (weekly), after temporary correction should extend to 151 at least.
EUR/CAD will go down to around 1.45xxx before even thinking of seeing 1.51 again lmaooooo
Quoting Jolita
{quote} Your GU trade was very good trade. Only question why trade mini lots if you have top strategy? EC broke up (weekly), after temporary correction should extend to 151 at least.
To answer your mini-lot question, the answer is pretty simple: I do not trade for the money, nor did I get into trading for the financial gains. I simply think TA is an art form
Quoting Jolita
{quote} Your GU trade was very good trade. Only question why trade mini lots if you have top strategy? EC broke up (weekly), after temporary correction should extend to 151 at least.
Also I do things very differently, to give you an idea, most people risk 2% per trade, The EUR/CAD short I currently have open is a 23$ risk for a potential 690$ gain lmao, my starting balance was 2500$
Quoting Bobbynouchet
{quote} To answer your mini-lot question, the answer is pretty simple: I do not trade for the money, nor did I get into trading for the financial gains. I simply think TA is an art form
Nice hobby to have, happy some are lucky by nature

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Quoting Bobbynouchet
{quote} Also I do things very differently, to give you an idea, most people risk 2% per trade, The EUR/CAD short I currently have open is a 23$ risk for a potential 690$ gain lmao, my starting balance was 2500$
Amazing risk to profit ratio. You only trade currency pairs? Stocks can bring even better ratio.
Quoting Bobbynouchet
{quote} Also I do things very differently, to give you an idea, most people risk 2% per trade, The EUR/CAD short I currently have open is a 23$ risk for a potential 690$ gain lmao, my starting balance was 2500$
What is your plan if trade goes against you?
Do you change your SL to positive? Thanks
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B4 Elvis there was nothing
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B4 Elvis there was nothing
Just in case your bored waiting on market open
B4 Elvis there was nothing
readying for action , breaks up 2447 or breaks 2299 to engage ! anyway bull very active and strong and in breaking more 2447 with or without correction ! breakout 2327 can be fake out till 2299 beaks and hold! . similarly breaks 2447 up can be fake out too! take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 17 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 15 KB
Click to Enlarge Name: usdx.png Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Jolita
{quote} What is your plan if trade goes against you? Do you change your SL to positive? Thanks
if the trade goes against me, no biggie I take the loss, like I mentionned earlier I dont even lose 2% per each losing trade, and I RARELY get consecutive losses , and if I wake up one day and my algorithm gave me a loss (again less than 2%), I just dont trade on that given day and let the other trades slay their course. Risk management is a super power
Quoting T721
Just in case your bored waiting on market open
Kind Sir, I sincerely appreciate your selfless assistance.
Quoting Bobbynouchet
{quote} if the trade goes against me, no biggie I take the loss, like I mentionned earlier I dont even lose 2% per each losing trade, and I RARELY get consecutive losses , and if I wake up one day and my algorithm gave me a loss (again less than 2%), I just dont trade on that given day and let the other trades slay their course. Risk management is a super power
lol
Trade what you see not what you think.
I bought USDCHF Friday at 0 .9128 , does anyone have any idea if it will rise or whatever.
I will be looking for buying opportunities from current price to 2300 in asia
Intraday only.
Quoting ForexIkeja
I bought USDCHF Friday at 0 .9128 , does anyone have any idea if it will rise or whatever.

you should not be trading pairs like this for intraday gain.

still looking bearish but i see it bullish in Q2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF_2023-04-02_12-01-06.png Size: 22 KB
Click to Enlarge Name: QXETzCEV.png Size: 21 KB
MY OPINION NOT FINANCIAL ADVISE
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