Cable Update (GBPUSD) | Page 38076 | 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)

  • #761,501
  • Jul 27, 2023 2:22am Jul 27, 2023 2:22am
Quoting montygoldy
Gut feeling this remaining 4h candle can target new high of the day…. My final tp based on weekly is 1.30300 {image}
Rolling all the way to 1.30300 with these… balls of steel….… either my way or highway
Attached Image (click to enlarge)
Click to Enlarge Name: F8A9AC93-C6B0-4D6F-8664-EE7D65995142.png Size: 71 KB
Extreme gut feeling trader
  • #761,502
  • Jul 27, 2023 2:22am Jul 27, 2023 2:22am
Quoting Bella.al
{quote} my sl is hit -24 pips, i saw +11 pips but trade idea was different in this case . Back to my Lab continue working on it

Update : I am currently Flat as i am working to finish Bella's Blue at beta v1.8 implementing features.
there are 2 systems 1. One and 2.Intraday solutions ..

No 5 shows it is my day but not complete yet and the other where it says Bullish is intraday system ( all at beta v1.8 )

( currently off for a nice tea ) ,

beta development. ( v1.8 )
Attached Image (click to enlarge)
Click to Enlarge Name: Image02.png Size: 38 KB
Goddess of Thunder..
  • #761,503
  • Edited 2:45am Jul 27, 2023 2:25am | Edited 2:45am
Fundamental Outlook

Current Market Probabilities Priced in for future meeting
Attached Image (click to enlarge)
Click to Enlarge Name: JULY FOMC probability for future rate path.jpeg Size: 246 KB


Quoting Fardeen1209
Plenty of time and Data to decide whether we will get another 25bps this year or not. Rate cut will move later in Q2 2024? My 2 cents, will stay in long to 1.3
Will the next 2 CPI data and Wage Inflation be hotter than expected?
As a Powell said, June CPI was only one report showing such numbers, while Core remains elevated.
IS the any chance for the market to price in another hike 25bps for Sept?

Attached Image (click to enlarge)
Click to Enlarge Name: Ye.jpg Size: 36 KB

Untill it becomes a fact.


PCE will be the starting point to the yield curve shift.


EDIT:
KEY monthly level for DJ USDOLLA' still holding.
However, the 2nd time back to the key level is from a LH, Not so good to dolla.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (305).png Size: 41 KB


Monthly Failed to BO, will be fake push (Good NFP?) to the upside then downtrend resume
More time in the market, does not mean you trade better!
  • #761,504
  • Jul 27, 2023 2:33am Jul 27, 2023 2:33am
Quoting Whale
I took some shorts 1.29634
out.
random open.
  • #761,505
  • Jul 27, 2023 2:36am Jul 27, 2023 2:36am
...price challenging the prev 1hr sw hi x 2 zone that extends to Asian/current dly hi/50% 3142-2797/desc t/line right now, = prev res = pot res...Dly R1 @ top of it.
Above that 2 x prev minor 1hr sw hi zones = prev res = pot res.
Trader with an Edge.
  • #761,506
  • Jul 27, 2023 2:40am Jul 27, 2023 2:40am
Quoting ScalaFX
short 2962 will add
2972 next targrting 2920
People don't plan to lose. They lose because they don't plan.
  • #761,507
  • Jul 27, 2023 2:41am Jul 27, 2023 2:41am
Quoting montygoldy
Expecting a decent BIG green candle on daily timeframe... at least touch 1.30 or 1.30300..... can it complete 3 white soldiers pattern on daily timeframe... DXY can potentially depreciate a bit more this week as it's bouncing from support turned resistance...... {image}
1.30000 is one push away..
Extreme gut feeling trader
  • #761,508
  • Jul 27, 2023 2:45am Jul 27, 2023 2:45am
quick scalp
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 16 KB
  • #761,509
  • Jul 27, 2023 2:46am Jul 27, 2023 2:46am
My long from Friday still open, however although it’s like a spike above 130 there has to be some level reality check. US did raise rates, yes it was priced in, but they also said recession is likely to be avoided.. that also tells me potential more rises if inflation starts to go out of hand.

maybe a liquidity grab before a smack down? Not sure
Insane in the Brain..
  • #761,510
  • Jul 27, 2023 2:48am Jul 27, 2023 2:48am
I am neutral on my bias for EU and cable, as I feel like the Dollar could have unfinished business at it's lows for the Weekly FVG. Just going to watch price. If we see a full bearish OB on cable or Eu here we could be bearish on them again. Patience is the key.
  • #761,511
  • Jul 27, 2023 3:07am Jul 27, 2023 3:07am
https://assets.faireconomy.media/nfs...r1057441_6.gif boodvah Sent you dm for zoom tonight
  • #761,512
  • Jul 27, 2023 3:09am Jul 27, 2023 3:09am
Price is almost at Resistance everyone is looking at. It seems price will hit R before ECB news come out.
Probably wise to take partial profit there.
  • #761,513
  • Jul 27, 2023 3:13am Jul 27, 2023 3:13am
Quoting montygoldy
{quote} Rolling all the way to 1.30300 with these… balls of steel….… either my way or highway {image}
Nice one!
I love Blues
  • #761,514
  • Jul 27, 2023 3:18am Jul 27, 2023 3:18am
Quoting Fardeen1209
To 1.2992 or maximum 1.30136 then 1.293(ecb rate and us gdp)?
Good Shorting Setup,
I'm with long, dont want to trade both side
Already Locked in a decent Profit from partials and Total position already locked in + pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (306).png Size: 55 KB

Expecting retest 1.291 EQH, and unmitigated Demand
4hr close below 1.291, Out of all long.
More time in the market, does not mean you trade better!
  • #761,515
  • Jul 27, 2023 3:19am Jul 27, 2023 3:19am
...other than fibs I'm not seeing anything untested in terms of potential res/sbr factors on 4hr till 3050-65 - a prev 4hr sw lo zone = prev res = pot sbr. Wkly R1 just under that. It's all on 1hr and potentially minor factors at that. 69% of 30day adr traveled so far today. Price still above Asian hi. London hasn't troubled the Asian/current dly lo so far.

@ current dly hi is a prev 1hr sw lo zone (from 13th July) = prev supp = pot sbr. Dly R2 is @/around 3010/11, which is also 61.8% 3142-2797 move.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #761,516
  • Jul 27, 2023 3:21am Jul 27, 2023 3:21am
Short 1.2985
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #761,517
  • Jul 27, 2023 3:35am Jul 27, 2023 3:35am
waiting 4H candle close for short
  • #761,518
  • Jul 27, 2023 3:39am Jul 27, 2023 3:39am
Quoting ScalaFX
{quote} 2972 next targrting 2920
3rd 2988, pendings 3000 3010
People don't plan to lose. They lose because they don't plan.
  • #761,519
  • Jul 27, 2023 3:40am Jul 27, 2023 3:40am
Will look to TP at 13010 and then short from there. Although I will be watching this as any spike up might not carry over as much
Insane in the Brain..
  • #761,520
  • Jul 27, 2023 3:42am Jul 27, 2023 3:42am
Quoting Scotteyy
Found a new indicator today, one that identifies market structure. Actually surprised at how good it is. It's just turned green meaning bullish market structure shift. As we broke the high at 1.2880, I've placed a buy based on the daily bullish bar and this market structure shift with stop below 1.28. I'm going to continue buying every retrace until we see a market structure shift downwards and will use market structure as a trailing stop. I've posted this to hold myself accountable. I will not exit trades early.
Still adding buy positions. Think this is the most my accounts been in floating profit for a while at around 3%. Will continue to add on retraces until market structure breaks. Most SL's have been moved to BE.
154 traders viewing now, 3 are registered:
RSdecompose
,
dmanish05
,
ndtrunghieu