Cable Update (GBPUSD) | Page 37887 | 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)

  • #757,721
  • Jul 12, 2023 1:06am Jul 12, 2023 1:06am
Quoting Headland
...2 attempts already to get south of the prev 1hr sw hi zone = prev res = pot rbs, that runs 2834-14. How much more demand there if tested? 1hr below {image}
Testing top of this pot rbs zone now.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Trader with an Edge.
  • #757,722
  • Jul 12, 2023 1:06am Jul 12, 2023 1:06am
Governor Boiley (Live)
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #757,723
  • Jul 12, 2023 1:08am Jul 12, 2023 1:08am
Quoting TheWraith
"Easiest" way to make money on FX is identifying the trend. All the indicators we use work great when price is either trending up or down. Range is where traders give back all they have earned and then some. Figuring out when price is trending and when there is a chance Range will occur is our biggest job to figure out. Range usually occurs due to lack of High-Impact news that week or perhaps some very Major news is in a week or two, so price will start Ranging until this Major news are out. No High-Impact news, no liquidity (not as much). Good...
I'll help you here, seeing as people here don't really say much. Trends exist in every part of society. Money doesn't "go away" because of your idea of "news" or because of "the time of day". Think about a business that operates on every continent on the planet ans the appropriate timezone. All you people have this idea that news dictates financial fluency. Uuuuum ... I'll let you think about how many stores around you close because the "nightly news" is on tv. Yes sounds silly but the principle is the same. Business doesn't stop because you are in bed asleep.

As to the whole thing of trading 1 instrument - try stepping aside from these people and just pay attention to real life principles of business and money.
Real Trading is not gambling.
  • #757,724
  • Jul 12, 2023 1:08am Jul 12, 2023 1:08am
Come on!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-07-12-11-04-50-440_net.metaquotes.metatrader4-edit.jpg Size: 898 KB
yes yes yes
  • #757,725
  • Jul 12, 2023 1:11am Jul 12, 2023 1:11am
Quoting Ferna
Governor Boiley (Live) https://www.youtube.com/watch?v=3pwz6fReO3A
this will make cable test high again i think..
  • #757,726
  • Jul 12, 2023 1:13am Jul 12, 2023 1:13am
Quoting Pat Chiko
{quote} GU Averaging down.{image}
Not bad... Let's see how it goes buddy
  • #757,727
  • Jul 12, 2023 1:15am Jul 12, 2023 1:15am
Quoting EtzzyPoo
{image} Lets see what this does
Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 28 KB

Nearly there
5% of original position is left
Closed +233 pips so far
  • #757,728
  • Jul 12, 2023 1:15am Jul 12, 2023 1:15am
While GU has moved in a 40 pip range today, DXY has moved in a much tighter and tightening more range. Not sure that this market has decided where it is going yet.
  • #757,729
  • Jul 12, 2023 1:17am Jul 12, 2023 1:17am
Quoting Pat Chiko
{quote} Hi Sir, could you share strategy when you need to averaging down? Averaging down is not strategy, it is tactical. Are u split the volume entry or u just raise the risk Risk Reward remain the same as per my trading plan For some trader, averaging down break the disipline like you on diet and just having 1 beer, and drink one more Cuz for my, i doing averaging down and lose bigger but never averanging when profit for bigger profit. I don't know about other trader, but in that case better for him/her to quit drinking beer, go for coffee instead....
The price gonna make some corrections before heading back up or making a total choc.
  • #757,730
  • Jul 12, 2023 1:19am Jul 12, 2023 1:19am
Quoting voeltoez
{quote} this will make cable test high again i think..
Expecting 1hr Supply to be tested again [hence produced corrective Wave (b)]
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (280).png Size: 49 KB


My amateur EW counts, but seems to work correctly lately.
More time in the market, does not mean you trade better!
  • #757,731
  • Jul 12, 2023 1:21am Jul 12, 2023 1:21am
Daily candle left the wick up. Today and tommorow Red Daily candles expected. Will update with Charts after CPI on where we could expect the price to start heading up again.
  • #757,732
  • Jul 12, 2023 1:26am Jul 12, 2023 1:26am
Quoting murphyfx
{quote} The price gonna make some corrections before heading back up or making a total choc.
And it is USD CPI day. I'm expecting some change in market direction on all pair with US Dollar
  • #757,733
  • Jul 12, 2023 1:29am Jul 12, 2023 1:29am
I hope this drop more around 1.290 so i can safely gamble it away for the news.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 12 KB
Don't mind me.. i'm crazy
  • #757,734
  • Jul 12, 2023 1:30am Jul 12, 2023 1:30am
Quoting Pat Chiko
{quote} GU Averaging down.{image}
GU

Based on the current price action (PA) on the chart, I believe that the market maker (MM) will be engaging in a ranging and spiking dance performance between now and the next major news event in 4 hours.

I'm not a fan of these types of ritual dance pre major impact news, so I'm going to close out all of my open positions and wait until the MM's ritual dance is over before I rejoin the market.

Take care and play safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 050.jpg Size: 390 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,735
  • Jul 12, 2023 1:30am Jul 12, 2023 1:30am
Quoting TheWraith
Daily candle left the wick up. Today and tommorow Red Daily candles expected. Will update with Charts after CPI on where we could expect the price to start heading up again.
I wonder? The forecasts for a drop in U.s cpi could be $ negative/equities positive if they come to be. Re Uk Gdp, again if -0.3% or worse comes to be, re the forecasts, then equities negative but more difficult to say re £ as Boe Mpc still more likely than fed to riase again. Just speculating, not predicting, what will be will be, trade what we see, not what we think/expect.
Trader with an Edge.
  • #757,736
  • Jul 12, 2023 1:31am Jul 12, 2023 1:31am
Quoting PeterCaleb
{quote} I'll help you here, seeing as people here don't really say much. Trends exist in every part of society. Money doesn't "go away" because of your idea of "news" or because of "the time of day". Think about a business that operates on every continent on the planet ans the appropriate timezone. All you people have this idea that news dictates financial fluency. Uuuuum ... I'll let you think about how many stores around you close because the "nightly news" is on tv. Yes sounds silly but the principle is the same. Business doesn't stop because...
Well it did, and proably will do so in the future. There been more of an autonomic market the latest months only, maybe it's driven by A.I or the new overnight rate system.
But in 2020-2022 market's were very much driven by the news, even a bit into 2023.

Correct money doesn't go away. But the actions of market participiants change.

But this can be a case of "The current thing" which has been overplayed, and market don't take it to seriously anymore.
We need to move on to the next crisis and not get stuck up in this one.
Attached Image (click to enlarge)
Click to Enlarge Name: current.jpg Size: 64 KB
You have an IQ lower than 90 if you interact with this user.
  • #757,737
  • Jul 12, 2023 1:32am Jul 12, 2023 1:32am
Quoting Bella.al
{quote} This time i recorded live the p/l increased to +10 pips at least , The price action analysis is new feature which is used for beta v1.8 inclusion still in development ( current beta v1.7F ) , Notice my standard market order sl = 24 pips and t/p 288 which requires a new home after removed from Bella's Date Forecasting which is now part of Bella's Fair Value Analysis. ( coming soon ) so 1.29812 setup is still intact waiting for Projections Bella's Blue ( beta v1.7 F ) {image}
Moving on from the last chart , i have disabled the Floor Trader Pivots which showed the price is at R2: 1.29860 that is usually the price objective in bullish markets and enabled Camarilla , noticing the H4 Pivot 1.29743 is still active price couldn't break above this level , Also in the start of the trade the Hot Zone resistance = 1.29886 . I am still holding short and below is L3 Support : 1.29091 and finally Bella's Price Objective 1 : 1.28845

Bella's Blue (beta v1.7 F )
Attached Image (click to enlarge)
Click to Enlarge Name: BellaBlue_01.png Size: 17 KB
Goddess of Thunder..
  • #757,738
  • Jul 12, 2023 1:33am Jul 12, 2023 1:33am
Bailey's speech appears to suggest that the BOE isn't considering rate hikes right now and will allow the bank stress tests to trigger mortgage foreclosures on households as a way to triggering further tightening in the economy.
GU is going to depend more on USD and the perceptions about the UK getting back into the EU market than anything happening in the UK.
  • #757,739
  • Jul 12, 2023 1:36am Jul 12, 2023 1:36am
Quoting TheWraith
Daily candle left the wick up. Today and tommorow Red Daily candles expected. Will update with Charts after CPI on where we could expect the price to start heading up again.
Hmm..
Intraday only.
  • #757,740
  • Jul 12, 2023 1:40am Jul 12, 2023 1:40am
Quoting Pat Chiko
{quote} GU Based on the current price action (PA) on the chart, I believe that the market maker (MM) will be engaging in a ranging and spiking dance performance between now and the next major news event in 4 hours. I'm not a fan of these types of ritual dance pre major impact news, so I'm going to close out all of my open positions and wait until the MM's ritual dance is over before I rejoin the market. Take care and play safe.{image}
GU

all closed.
Now I wait for trade call which I want to copy trades.
Just watch the arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 051.jpg Size: 233 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
459 traders viewing now