Cable Update (GBPUSD) | Page 38388 | 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)

  • #767,741
  • Aug 16, 2023 1:44pm Aug 16, 2023 1:44pm
Quoting TheWraith
If Daily Candle closes above 1.272 Bulls are finally cracking the Resistance and price will finally close above it. We'll see..
As much as I’d like to see the bulls back, we haven’t touched 12770 today it bounced off just before it, even with last weeks spike to over 12820 it dropped like a lead balloon not long after. However we have also seen 12650 failing to crack so there must be a decent level of support there. For bulls to take over 12820 needs to break towards 129 - 130. The likelihood is we might end up in a 200 pip range for the near term. Maybe it’s a summer vacation thing
Insane in the Brain..
  • #767,742
  • Aug 16, 2023 1:46pm Aug 16, 2023 1:46pm
Quoting TheWraith
{quote} Uhm. Well, Weekly is still in an uptrend and this daily candle could just be a beginning of another rally. {image}

Depends on how you classify the weekly swings which i see as part of a monthly single wave and that monthly single wave is moving against whatever the next HTF would be , so all that swing trend movement on the weekly is currently corrective and there is a nice candle on the top of that monthly swing with a nice big wick on the top side.

Yes it could be the start of new swing up but i think at the moment it is far too early to make that decision, that is my view and i respect yours.
Follow The Markets Structure - Patience and Discipline
  • #767,743
  • Aug 16, 2023 1:50pm Aug 16, 2023 1:50pm
Crooky candle
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-08-16-21-49-21-564_net.metaquotes.metatrader4-edit.jpg Size: 595 KB
yes yes yes
  • #767,744
  • Aug 16, 2023 1:52pm Aug 16, 2023 1:52pm
Love seeing eurusd burn!
Master your mind. Master Trading.
  • #767,745
  • Aug 16, 2023 1:56pm Aug 16, 2023 1:56pm
Quoting KareemAliFx
Love seeing eurusd burn!
4 hour potential bearish j hook setting up
  • #767,746
  • Aug 16, 2023 1:57pm Aug 16, 2023 1:57pm
Quoting Moty
Crooky candle {image}
LOL no its cus rookie traders are trading something that isnt there!!! LOL
  • #767,747
  • Aug 16, 2023 1:58pm Aug 16, 2023 1:58pm
market has decided
  • #767,748
  • Aug 16, 2023 2:02pm Aug 16, 2023 2:02pm
Quoting pipfarm
{quote} Depends on how you classify the weekly swings which i see as part of a monthly single wave and that monthly single wave is moving against whatever the next HTF would be , so all that swing trend movement on the weekly is currently corrective and there is a nice candle on the top of that monthly swing with a nice big wick on the top side. Yes it could be the start of new swing up but i think at the moment it is far too early to make that decision, that is my view and i respect yours.

To put things in to context a bit more if you look at my earlier post where i made several correct trades called in advance, if we use the same principle GU on monthly would be classed as the first PB after the breakdown so all the upward movement over the past 10 months or so has been part of a correction.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 43 KB
Follow The Markets Structure - Patience and Discipline
  • #767,749
  • Aug 16, 2023 2:03pm Aug 16, 2023 2:03pm
Quoting Fx3423454
{quote} {file}
Quote: " Waveski is the best trader ever 5.0" well thanks fx123457789 your kind words mean a lot to me...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230816-200006_IG Trading.jpg Size: 409 KB
  • #767,750
  • Aug 16, 2023 2:11pm Aug 16, 2023 2:11pm
Quoting Whale
market has decided
Daily candle again will fail to close above Resistance. I expect an impulsive move down from this point.
  • #767,751
  • Aug 16, 2023 2:13pm Aug 16, 2023 2:13pm
Quoting pipfarm
{quote} To put things in to context a bit more if you look at my earlier post where i made several correct trades called in advance, if we use the same principle GU on monthly would be classed as the first PB after the breakdown so all the upward movement over the past 10 months or so has been part of a correction. {image}

So now we apply the same principles to D1 ie breakdown first correction up which we look at on H4 and then entry H1 when it starts to trend down or if your a smart ass you pick the top
Follow The Markets Structure - Patience and Discipline
  • #767,752
  • Aug 16, 2023 2:14pm Aug 16, 2023 2:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-08-16-22-13-09-882_net.metaquotes.metatrader4-edit.jpg Size: 763 KB
yes yes yes
  • #767,753
  • Aug 16, 2023 2:21pm Aug 16, 2023 2:21pm
Quoting Moty
{image}
I don’t see any buy here moty
  • #767,754
  • Aug 16, 2023 2:26pm Aug 16, 2023 2:26pm
Quoting Moty
{image}

What kinda trading is this?
  • #767,755
  • Aug 16, 2023 2:30pm Aug 16, 2023 2:30pm
Quoting shakmoney
{quote} What kinda trading is this?
Some one just pissing around!!!!
  • #767,756
  • Aug 16, 2023 2:32pm Aug 16, 2023 2:32pm
Quoting ninner
{quote} Some one just pissing around!!!!
I need to learn that style
  • #767,757
  • Aug 16, 2023 2:32pm Aug 16, 2023 2:32pm
have to see how this 4 hour bar closes but its looking more and more omnious!!!
  • #767,758
  • Aug 16, 2023 2:40pm Aug 16, 2023 2:40pm
GU need to close above 12720 next 2 days will be low volume back in next week
Insane in the Brain..
  • #767,759
  • Aug 16, 2023 2:43pm Aug 16, 2023 2:43pm
Quoting shakmoney
{quote} What kinda trading is this?
ridiculous trading
Master your mind. Master Trading.
  • #767,760
  • Aug 16, 2023 2:48pm Aug 16, 2023 2:48pm
It is only accumulating
Too many shorters in the market.
Trade prosper!
420 traders viewing now, 1 is registered:
CPUmice