Cable Update (GBPUSD) | Page 39623 | 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)

  • #792,441
  • Nov 23, 2023 4:35am Nov 23, 2023 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-11-23-12-34-49-710_net.metaquotes.metatrader4-edit.jpg Size: 696 KB
yes yes yes
  • #792,442
  • Nov 23, 2023 4:36am Nov 23, 2023 4:36am
Quoting martinez1
{quote} It's going down but i just remembered my earlier years of trading my first 3 years, over 10 years ago. Those years when i entered a position and it goes against me, i will do one of two things or both, start blaming the broker or i will start praying in Jesus Name, father bring this market down, Market i command you come down right now, don't move up..... So funny, now looking back i just keep wondering what i was thinking....
markets certainly have a mins of their own hence why I have gave up trying to predict and learnt it is what is, "if I believe the market is random then how can I make money from it"...
  • #792,443
  • Nov 23, 2023 4:42am Nov 23, 2023 4:42am
...the 1hr part of this prev 1hr/4hr sw hi zone = prev res = pot rbs that the current p/back lo is in was breached in the quick up and down on immediate data react, (hence the hollow zone on that chart.) ...4hr still intact. One of those that I have no bullish hidden div for on 1min upwards, (3min is currently nearest to a set-up.) May develop if tests deeper in it, and other conditionsd are still met, like for eg it it is still @ a potential HL on the t/f above the one it sets up on. PA alone could just convince me to get long again, we'll see, prefer PA and the former together though?

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #792,444
  • Nov 23, 2023 4:48am Nov 23, 2023 4:48am
Quoting Pat Chiko
{quote} M30 chart I just poste above, OB on M30
No no no. I mean bigger picture.
I gues you are using M30 as the lowest timeframe for PA signals. And on H1 and H4 you are looking for direction.
Please dont tell that you are using the wedge up on H4 as your bullish view.



(PA is easy, higher timeframe direction in way harder)
  • #792,445
  • Nov 23, 2023 4:49am Nov 23, 2023 4:49am
Quoting Waveskierrob
GU to go down today unless it rains where I am then it will go up " Port Isaac weather report, cloudy but no rain"...
had a heavy shower here around 930pm...
  • #792,446
  • Nov 23, 2023 4:55am Nov 23, 2023 4:55am
Quoting Pat Chiko
{quote} GU The trap was set way in advance. Think before you follow my trades. Here my thought process, again Target ? maybe 1.263, but watch out MM can take this fellow down again.{image}
Can you share your chart, how did you managed your short trades? What signals made you to switch sides, close sell and open buy?
Was there any particular PA on M30?
  • #792,447
  • Nov 23, 2023 4:56am Nov 23, 2023 4:56am
PAT, sorry for a lot of questions.
But if you are willing to teach, I am willing to learn.
  • #792,448
  • Nov 23, 2023 4:58am Nov 23, 2023 4:58am
Quoting genadi
{quote} No no no. I mean bigger picture. I gues you are using M30 as the lowest timeframe for PA signals. And on H1 and H4 you are looking for direction. Please dont tell that you are using the wedge up on H4 as your bullish view. (PA is easy, higher timeframe direction is way harder)
Hi, just a suggestion...use 3 candle fractal swing analysis to determine trend or range on each t/f of interest, and also judge the character of any trend present. Ie is it a classic trend, for eg uptrend HH, HL, HH, HL etc or a more messy general trend ie for an uptrend as the same eg, it starts in the bottom left corner and finishes in top right corner with L's and the odd LL thrown in. Also how many t/f's trending in the same direction is also important.
Trader with an Edge.
  • #792,449
  • Nov 23, 2023 4:59am Nov 23, 2023 4:59am
Quoting ScalaFX
Short GU 2520, pendings 30 and 40
active, added 2550 one more, now patience, will be no good if broke 2580 but lets see
People don't plan to lose. They lose because they don't plan.
  • #792,450
  • Nov 23, 2023 5:03am Nov 23, 2023 5:03am
Quoting JackintheBox
{quote} I wouldn't dare to short GBP/USD now,- and I say this as mainly counter trend / retrace trader. News Impact is mostly random but sometimes on big events it has huge, lasting impact, not looking back. That's the days were you loose a lot of money if you don't obey to that rule - we have a day like that today. We had two surprises today: Sweden did not rose the interest rates from 4% to 4.25% (left it at 4%) - market jumped up like crazy (EUR/SEK) And Flash PMI on every side on UK was much better than expected but still below 50. Anyway, that...
Should I push the market south again? Dealers choice.
Congratulations ScalaFX for coming out of the closet!
  • #792,451
  • Nov 23, 2023 5:06am Nov 23, 2023 5:06am
Quoting genadi
PAT, sorry for a lot of questions. But if you are willing to teach, I am willing to learn.
Seriously, what are you trying to learn in this reverse? That's actually was how you needn't open order in market before news. It was bad practise imho...
  • #792,452
  • Nov 23, 2023 5:10am Nov 23, 2023 5:10am
Quoting voeltoez
{quote} i still have yesterday profits to gamble. averaging. counter trading is fun
not a good idea...if you were serious, this is a losing strategy
trading is like dancing, don't think and just listen to the music!
  • #792,453
  • Nov 23, 2023 5:15am Nov 23, 2023 5:15am
Cable 1.25364 possible support
  • #792,454
  • Nov 23, 2023 5:19am Nov 23, 2023 5:19am
Quoting birdland
{quote} not a good idea...if you were serious, this is a losing strategy
don't too serious at trading, it will messing up ur psychology..
i making my self happy when making profit,
from thats profit i make fun again to trade gambling.
just risking the profits..my money safe..
yesterday i win $3500..today or tomorrow i loss $3000..
even i just got $100 this week..i still call it a win..i happy with it.
  • #792,455
  • Nov 23, 2023 5:28am Nov 23, 2023 5:28am
Quoting nubcake
{quote} Should I push the market south again? Dealers choice.
Yes, please. I did not know you can do that. Please try. Please go short as much as you can, thank you! Thanks for taking care of us here. Your posts are always appreciated. Especially now is a good time to short (this advice is only for nubcake, nobody else should do that!)
  • #792,456
  • Nov 23, 2023 5:30am Nov 23, 2023 5:30am
Quoting voeltoez
{quote} don't too serious at trading, it will messing up ur psychology.. i making my self happy when making profit, from thats profit i make fun again to trade gambling. just risking the profits..my money safe.. yesterday i win $3500..today or tomorrow i loss $3000.. even i just got $100 this week..i still call it a win..i happy with it.
Great post, let it be fun, if it's not why do it...
  • #792,457
  • Nov 23, 2023 5:31am Nov 23, 2023 5:31am
...there is a prev 1hr minor sw hi zone leading to current dly hi now, = prev res = pot res. How strong are the bulls today?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Trader with an Edge.
  • #792,458
  • Edited 5:42am Nov 23, 2023 5:31am | Edited 5:42am
Quoting bigiivan
{quote} Leon, why you hold these longs? It is time to short.
Hi Bigive, I wrote about this about a month or so ago. Anyway, let me go over it again. For this I have to go to the monthly chart. Just like price tends to retrace to daily pivots, weekly pivots and so forth the same has been happening on the higher t/frames. Price started the year at my yearly pivot at 1.20552 and made a run for 1.312 ish in July this year. It retaced back to my yearly pivot and yearly open and it is since then that I have been heavily long. Price is now going back into the greater uptrend after the retrace and I suspect a nice run for the highs to end the 4th quarter and the year. I thinks it is too late in the year to have a heavy swing reversal to the downside. My weekly chart is also starting to give me subtle bullish hints again.
As anyone I could be wrong and its just my take.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_38.png Size: 31 KB
Trade to trade another day
  • #792,459
  • Nov 23, 2023 5:32am Nov 23, 2023 5:32am
Quoting DmShka
{quote} Seriously, what are you trying to learn in this reverse? That's actually was how you needn't open order in market before news. It was bad practise imho...
This is exactly what I was thinking, there is no way to foresee how market will react to news.

You can tell if is a bear/bull trap only after someone is really trapped
  • #792,460
  • Nov 23, 2023 5:34am Nov 23, 2023 5:34am
Quoting zuko
{quote} This is exactly what I was thinking, there is no way to foresee how market will react to news. You can tell if is a bear/bull trap only after someone is really trapped
Hi, Personally I never hold a position through important data unless stop is @ b/e or better, and the forecasts are with me. As for traps, well every down move/correction/pullback is a potential bear-trap in an uptrend, and every upmove/correction/pullback is a potential bull-trap in a downtrend isn't it?
Trader with an Edge.
362 traders viewing now