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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Short gbpcad while I’m waiting for gu
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Figures only
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Ε. and BP 5' --- Short in both with SL at BE. I see the possibility of a rebound......

Watching carefully . . . .

update1 M30 and H4

the technical assumption (the falling wedge - green) was correct and now we can test
the level of approximately 1.2395-1.24.05, staying below it = short

besides, we got a rising wedge (blue lines), let's see what we can do...
it looks bearish....pic2 - rising wedge (red line broken)
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Come on
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10 pips sl
15 pips to
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to me this is just a regular flat in the making, it can extend to 1.235 but I think the dollar is set up for another drop across the board, which would push GU back to the highs. You can see it in other usd pairs. EU made an expanding flat and got rejected at a 4 hour order block. AU and NU finished their correction as well and are heading to break the highs imo.
Quoting Moty
10 pips sl 15 pips to {image}
What time frame you using?
average dude treading water
Bouncer at 124
Insane in the Brain..
Quoting fxmasterdxb
Target for GU 1.2460, for UJ 149.75 {image}
UJ done
Just though I'd pop in to see what's new. But I see it has not got much better so I won't stay long. Anyway, for the few people here who ARE traders and NOT talkers, or if you are still trying to tame cable, here are my trades over the last 2.5 hours, with written notes explaining my though process along the way. I hope it resonates with some who are still finding their way. OK, that's enough from me. Carry on
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Emotional Control. Process, not outcome.
Quoting BeeTogether
Bouncer at 124
I think this is more about the US$ dropping than the pound rising.
Quoting Moty
10 pips sl 15 pips to {image}
Stopped out
Ready for another round mf ?
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Quoting me_sa245
{quote} And this strategy will determine the re-entry and exit points for you clearly with the necessary confirmation as the market moves forward. {image}
It's true that the desired confirmation for the buy position took more time, but in return it also gave a greater reward to those who were able to wait.

regards
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for more information's DM me
Quoting birdland
looks bled dry, figures were weak but not completely weak. cautious buying opportunity...
is enough for me today;-)

the chart from yesterday was my trigger again (andrew pitchfork lines)
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trading is like dancing, don't think and just listen to the music!
Mf !!!
Drop allready
Pull back to 1.24000 completed
Quoting Moty
Mf !!! Drop allready Pull back to 1.24000 completed
Mix structures
this is what you get.
The market has short memory
Quoting Traderview
{quote} {image}
Once price hit and closes above 1.2425 on 1hr, don't even think selling even for scalp. Buy the dip.
Crooky pa
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https://www.forexfactory.com/attachm...2?d=1700206414
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