Cable Update (GBPUSD) | Page 38441 | 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)

  • #768,801
  • Aug 20, 2023 3:49pm Aug 20, 2023 3:49pm
Quoting Robinhood1
{quote} I worked as a tour guide from 2000 to 2016 in BARCELONA. I noticed soccer was growing amongst the USA kids. They would were a Barcelona shirt and new all the team players apart from competing at Usa soccer tournenents. It is a generacional issue. Don't forget soccer is King sport around the world meaning lot of revenue. north Americans are King at marketing. Its just a matter of time.
sure..american footballs moving to england too

the kids that play soccer dont stay home to watch a scoreless game

soccer in america is only driven by the immigrant population here that likes it
short trump and go long the deepstate
  • #768,802
  • Aug 20, 2023 4:00pm Aug 20, 2023 4:00pm
GBPUSD price action on the daily time frame turned sideways after bulls pushed back a bearish surge to the 1.27300 area, an area which is within the 78.6/61.8 fib retracement zone of the dominant bearish swing on the weekly time frame. The technical impulse favours bears, and we may soon see a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 13 KB
Do your homework, follow the footprints of smart money
  • #768,803
  • Aug 20, 2023 4:00pm Aug 20, 2023 4:00pm
Quoting ninner
{quote} I dont think the markets are open yet but go ahead and try and trade it lol
When the little hand is on 5 and the big hand is on 12



Attached Image (click to enlarge)
Click to Enlarge Name: 2023-08-21_6-57-21.jpg Size: 108 KB
It takes a lot for me to IGNORE you, but you can try.
  • #768,804
  • Aug 20, 2023 4:03pm Aug 20, 2023 4:03pm
Quoting Zebi
{quote} sure..american footballs moving to england too the kids that play soccer dont stay home to watch a scoreless game soccer in america is only driven by the immigrant population here that likes it
We started an American football league in Europe 20 years ago and it failed. We were the Barcelona dragons
POSTMASTER
  • #768,805
  • Aug 20, 2023 4:09pm Aug 20, 2023 4:09pm
Quoting Zebi
{quote} sure..american footballs moving to england too the kids that play soccer dont stay home to watch a scoreless game soccer in america is only driven by the immigrant population here that likes it
https://en.m.wikipedia.org/wiki/Barc...ns_(NFL_Europe)
POSTMASTER
  • #768,806
  • Aug 20, 2023 4:10pm Aug 20, 2023 4:10pm
Weekly Positions Sunday 2023.08.20

LONG
EUR.AUD
EUR.JPY
EUR.NZD
GBP.ILS
GBP.JPY
GBP.NZD
MXN.JPY
USD.ILS

SHORT
AUD.CHF
AUD.USD
EUR.MXN
GBP.MXN
NZD.CHF
NZD.USD

*Stop loss orders have been tightened/trailed on some pairs.
Trade at your own risk.
  • #768,807
  • Aug 20, 2023 4:20pm Aug 20, 2023 4:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: c10490a50326e6365997a294e056eb21 FUN.jpg Size: 332 KB
Trade at your own risk.
  • #768,808
  • Aug 20, 2023 4:51pm Aug 20, 2023 4:51pm
Quoting T721
{quote} i dont trade Sunday, spreads are way too big, GU has a 21pip spread right now for me
Agree, I don't understand the rush to trade the open, maybe just those gap conspiracy traders?

This about 50 minutes into the week...

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-08-21_7-47-50.jpg Size: 75 KB
It takes a lot for me to IGNORE you, but you can try.
  • #768,809
  • Aug 20, 2023 4:56pm Aug 20, 2023 4:56pm
maybe just those gap conspiracy traders? Yup, i wait till Monday to see whats going on then get in...... gaps like you say are the conspiracy boys.. will be looking for shorts on UY maybe 2am ish or tomorrow but i could be wrong and get my ass handed to me ... is what it is, win some lose a little


EDIT : meant to type usd/jpy not UY --- note to self (dickhead)
  • #768,810
  • Aug 20, 2023 5:00pm Aug 20, 2023 5:00pm
Quoting Zebi
{quote} {quote} speaking of the dollar this is my take on it..... no amount of conspiratorial thinking is going to keep it from going to 105...the BRICS well theyll shit some bricks but just soil themselves
Instead of being a US$ hater or lover you just have to figure out where it is going and trade accordingly. 'Forex traders' that develop love affairs with currency pairs don't last long IMHO! The US gov't is really big on promoting that the US$ has little inflation to support the increased supply of US$. Pretty sure this is a given. Beyond this it is all about how US actions are copied globally with respect to rates. Figuring this out will lead to identifying profitable trades from a technical perspective then it is all about figuring how how the markets will actually move price!
  • #768,811
  • Aug 20, 2023 5:09pm Aug 20, 2023 5:09pm
Quoting Erebus
{quote} Agree, I don't understand the rush to trade the open, maybe just those gap conspiracy traders? This about 50 minutes into the week... {image}
Good time to enter orders that will trigger later at specified prices. Same thing with stocks. Orders will trigger tomorrow morning.

75% of retail traders lose money. Definitely not trying to be like everyone else in my lifestyle or trading style. I've always been the kind of person to go grocery shopping at midnight. I got the whole store to myself, and I know what day/night all the delivery trucks are coming.
Trade at your own risk.
  • #768,812
  • Aug 20, 2023 5:13pm Aug 20, 2023 5:13pm
Quoting dantpm
{quote} Instead of being a US$ hater or lover you just have to figure out where it is going and trade accordingly. 'Forex traders' that develop love affairs with currency pairs don't last long IMHO! The US gov't is really big on promoting that the US$ has little inflation to support the increased supply of US$. Pretty sure this is a given. Beyond this it is all about how US actions are copied globally with respect to rates. Figuring this out will lead to identifying profitable trades from a technical perspective then it...

Quoting Zebi
i know theres alot of dollar haters in the room and want to see the BRICS countries teach the USA a lesson in humility but what these two charts show is that the dollah will eat the brics for lunch and shit em out in the morning heres two views of the weekly dollar futures charts... imagine if they were 5 minute charts...would you still be shorting it? draw your lines or put your indicators on it and let me know if you disagree.... you can look at the monthly and quarterly for yoursellves {image} {image}
in this post ive asked for technical opinions especiually ones that disagree with the 105 target...no ones bothered

edit...i didnt mention 105 in that post LOL...maybe thats why nobodys bothered ...i must have said that number in anothe post which im not going to look for now
short trump and go long the deepstate
  • #768,813
  • Aug 20, 2023 5:14pm Aug 20, 2023 5:14pm
Quoting bfx17
{quote} I would say not very smart, rather you have to have a lot of observations time under your belt. believe it or not I consider 1 hour TF trickier than 1 min or 5 min, because I simply do not understand what the hell is going on. Of course I have a look on higher time frames, but on 1 min I feel like I understand better what the price is trying to do. For other traders 1 min is a nightmare and they are comfortable with 1h, 4h, daily etc.
Financial time series are fractal in nature and self-similar. Therefore, whatever pattern or signs you find on one TF will (must) be found on every TF. Hence, no TF is any "trickier" than another.
To free Gazans of Hamas, use whatever it takes.
  • #768,814
  • Aug 20, 2023 5:35pm Aug 20, 2023 5:35pm
Quoting bfx17
{quote} sure man, no prob. MM is the market makers, the motherfuckers who make our like so complicated. they control the price, the "supply and demand" and ofc, the potential Algo. regarding this debate whether there is an algo or not, there is a very good thread on FF named "Real or Algo" or "Algo or Real", I dont remember exactly. in there you can find very good pros and cons regarding this subject. Also, you can have a look at fractalfreak thread, which is now under commercial, where he explains how this potential algo drives the price in such...
how is it possible that GBPUSD (cause we are on cable thread) could stay confined for 5 hours in a precise 10 pips range (could be 20 or 30 pips it doesnt matter)? what forces could preserve this range to the pip for such a long time ?
If price is a point moving through chaotic space, then chaos theory can explain this ranging: This is an area where price movement is folding space. And because it is fractal, you can get a more detailed view as you move to smaller and smaller TFs.
To free Gazans of Hamas, use whatever it takes.
  • #768,815
  • Aug 20, 2023 5:40pm Aug 20, 2023 5:40pm
2750 will offer resistance.

2650 may be for today.
Intraday only.
  • #768,816
  • Aug 20, 2023 5:44pm Aug 20, 2023 5:44pm
Quoting dantpm
{quote} Instead of being a US$ hater or lover you just have to figure out where it is going and trade accordingly. 'Forex traders' that develop love affairs with currency pairs don't last long IMHO! The US gov't is really big on promoting that the US$ has little inflation to support the increased supply of US$. Pretty sure this is a given. Beyond this it is all about how US actions are copied globally with respect to rates. Figuring this out will lead to identifying profitable trades from a technical perspective then it is all about figuring how...

i think the dollars going back to 112/15 for whatever reason ill leave the conspiracy theories why to others

all ill say is will get there in bidens second term
short trump and go long the deepstate
  • #768,817
  • Aug 20, 2023 6:05pm Aug 20, 2023 6:05pm
Quoting Zebi
{quote} i think the dollars going back to 112/15 for whatever reason ill leave the conspiracy theories why to others all ill say is will get there in bidens second term
Already been calling for the USD to crush everything since July. That's what really accelerated the shitstorm in here.

However, I had already predicted the EUR.USD/GBP.USD collapse, circa 2013 and then predicted a breakout in interest rates in 2016 (which have since come to pass). I posted it all on Twitter.
Trade at your own risk.
  • #768,818
  • Aug 20, 2023 6:05pm Aug 20, 2023 6:05pm
Quoting Pat Chiko
{quote} GU winding down on revenged traades.{image}
GU

New week , same set up.
Continuing from last position on Friday, have two scenarios for moving forward with this trade. I
Hope to reach the immediate target by today and then re-evaluate where the price may take us next.

Any constructive comment and view welcome.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 044.jpg Size: 280 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu 043.jpg Size: 277 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #768,819
  • Aug 20, 2023 6:21pm Aug 20, 2023 6:21pm
Quoting Pat Chiko
{quote} GU New week , same set up. Continuing from last position on Friday, have two scenarios for moving forward with this trade. I Hope to reach the immediate target by today and then re-evaluate where the price may take us next. Any constructive comment and view welcome. {image} {image}
Hourly... I see some resistance around 2750 to push the price down.

I look to 9 PM est... for buy .

The longs should be effective if it breaks 2750.

IMO
Intraday only.
  • #768,820
  • Aug 20, 2023 6:26pm Aug 20, 2023 6:26pm
Quoting navk
{quote} Hourly... I see some resistance around 2750 to push the price down. I look to 9 PM est... for buy . The longs should be effective if it breaks 2750. IMO
I've seen that you like to buy/sell the initial hourly candle at the beginning of irrespective sessions. However, I have also noticed that many times the price does not follow through. How do you manage these situations?
Trade at your own risk.
120 traders viewing now