Cable Update (GBPUSD) | Page 39749 | 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)

  • #794,961
  • Dec 4, 2023 10:50am Dec 4, 2023 10:50am
Mf gold gave two 25+ pips drop
Not before it shake me from short
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-12-04-18-48-51-933_com.tradingview.tradingviewapp-edit.jpg Size: 427 KB
yes yes yes
  • #794,962
  • Dec 4, 2023 11:00am Dec 4, 2023 11:00am
Bye bye gold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_6618.jpeg Size: 417 KB
Click to Enlarge Name: IMG_6617.png Size: 53 KB
Master your mind. Master Trading.
  • #794,963
  • Dec 4, 2023 11:06am Dec 4, 2023 11:06am
Quoting Coreg2004
{quote} nubcake, so how do you find the exhaustion point for the day if you don't use ADR, ATR, or pivot point? {image}
On a day like today? Well, that's EASY! Firstly, I fail to notice the fucking ECB having a talk, then I proceed to under guess the days range and volatility by the size of the average American woman (mobility scooter not included), then I fail to see the majority of the move because I'm balls deep in Netflix because I still didn't notice the ECB talk coming up and was bored.

On other days I pay attention to this thing called the calendar (here, and in my terminal) which just so happens to conveniently note what usually does and does not make the market move for each day. On days without market movers I expect the market to... get this... not move. On days with market movers... take a guess... yes you got it, I expect movement!

Here's the tricky bit so hold onto your nuts for this because things are going to get calculus in here... you then need to understand what makes a value an "average" range and then adjust as necessary for when it probably won't reach that, and adjust for when it will probably exceed that.

I then consider price levels I personally find interesting, and how far away they are from the high/low of the day, and that combined with my expectation for that days range gives me a vague ballpark area to play in.

Nah just joking, what I actually do is I look to Elliott Waves to determine when the market will or won't move, and my targets are based on trend line confluence with Fib lines just like professional traders.
Congratulations ScalaFX for coming out of the closet!
  • #794,964
  • Dec 4, 2023 11:21am Dec 4, 2023 11:21am
Quoting navk
1.2600 is likely to hold for today. But... GU selling seem to have resumed.
Bought at lows as per my post.

And booked profits.

OFF for the day.

Because ADR ( )is also done as you see in my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: simple.png Size: 66 KB
Intraday only.
  • #794,965
  • Dec 4, 2023 11:23am Dec 4, 2023 11:23am
Quoting KareemAliFx
Gold looks bearish with that quick liquidity grab
right about this looks like gold has reached its top ?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_6619.png Size: 56 KB
Master your mind. Master Trading.
  • #794,966
  • Dec 4, 2023 11:24am Dec 4, 2023 11:24am
Quoting nubcake
{quote} Lagarde gave you 55 pips for free to play with and you call it lackluster. Toppest of kek.
It is stuck in a wedge...needs to break 1.2590 then i see a nice selling opportunity. Breaks the downtrend line then i see 1.31 in the cards...
  • #794,967
  • Dec 4, 2023 11:31am Dec 4, 2023 11:31am
i got stuff to do so last post till evening

this is my futures dollar chart...im seein a inv h+s on 4H and daily with a measured target of 106 shud this play out which i think it will....prolly ntake a couple weeks to get to 106 than may retrace a bit bbut not much goin into christmas

do your analysis on the dollar chart gentlemen...dont be losers having to spend time in sanitariums
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-12-04 112656.png Size: 17 KB
short trump and go long the deepstate
  • #794,968
  • Edited 11:47am Dec 4, 2023 11:34am | Edited 11:47am
Quoting nubcake
{quote} ..... On days with market movers... take a guess... yes you got it, I expect movement! Here's the tricky bit so hold onto your nuts for this because things are going to get calculus in here... you then need to understand what makes a value an "average" range and then adjust as necessary for when it probably won't reach that, and adjust for when it will probably exceed that. I then consider price levels I personally find interesting, and how far away they are from the high/low of the day, and that combined with my expectation for that days range gives me a vague ballpark area to play in. Nah just joking, what I actually do is I look to Elliott Waves to determine when the market will or won't move, and my targets are based on trend line confluence with Fib lines just like professional traders.
.[/quote]
nubcake, you don't trade differently than most of us here, including @navk...or you trying to be $A by describing my method of trading. https://www.forexfactory.com/thread/...8#post14470588
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.04 30Mc.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #794,969
  • Dec 4, 2023 11:34am Dec 4, 2023 11:34am
Quoting ninner
{quote} It is stuck in a wedge...needs to break 1.2590 then i see a nice selling opportunity. Breaks the downtrend line then i see 1.31 in the cards...
You are a tough crowd. Since I woke up price has been, on balance, going down. If it was any cleaner it'd be a straight line.

You seem like the type who thinks the ugly girl is just being friendly when she fondles your landing gear.

edit: spelling bee.
Congratulations ScalaFX for coming out of the closet!
  • #794,970
  • Dec 4, 2023 11:36am Dec 4, 2023 11:36am
Quoting Coreg2004
{quote} nubcake, you don't trade differently than most of us here, including @navk...or you trying to be $A by describing my method of trading. https://www.forexfactory.com/thread/...8#post14470588 {image}
If you pay attention, or go back (don't, it's not worth it) you'll notice times when navk is all "but why price move and not make ADR" on days like... hmm... holidays and no news days. He's the type that wouldn't know it's the weekend except for the neighbors lawn mower at sunrise. Then the other days when there is news and normal trading he's all chuffed with himself because price almost makes, or like today completely blows out of the water, his ADR of 90 to 100 pips.

I wouldn't mock the pros in here. Don't be daft.
Congratulations ScalaFX for coming out of the closet!
  • #794,971
  • Dec 4, 2023 11:41am Dec 4, 2023 11:41am
I remember TWEE's message to me.

" Traders need to debate analysis, setups and concepts to get to the ultimate truth of trading, not other people!"

Golden words.

But trader world seem to be loosing still debating about people.

They will never learn.
Intraday only.
  • #794,972
  • Dec 4, 2023 11:42am Dec 4, 2023 11:42am
Quoting navk
I remember TWEE's message to me. " Traders need to debate analysis, setups and concepts to get to the ultimate truth of trading, not other people!" Golden words. But trader world seem to be loosing still debating about people. They will never learn.
sounds like twee needs a grammarly chrome extension
  • #794,973
  • Dec 4, 2023 11:43am Dec 4, 2023 11:43am
Quoting Waveskierrob
{quote} Lets hope so...hope is all I've got left...
And once once again I feel sorry for U. Sorry Rob
Trade to trade another day
  • #794,974
  • Dec 4, 2023 11:44am Dec 4, 2023 11:44am
Quoting navk
I remember TWEE's message to me. " Traders need to debate analysis, setups and concepts to get to the ultimate truth of trading, not other people!" Golden words. But trader world seem to be loosing still debating about people. They will never learn.

navk...nobody likes a tattletale and hall monitor ...are you still in grade school ?

grow up forfooks sake...you have him on ignore why do keep reading his posts...what kind of mental problem is that?
short trump and go long the deepstate
  • #794,975
  • Dec 4, 2023 11:45am Dec 4, 2023 11:45am
Quoting billGU
{quote} sounds like twee needs a grammarly chrome extension
OK, I will convey this message to him.

Intraday only.
  • #794,976
  • Dec 4, 2023 11:47am Dec 4, 2023 11:47am
Quoting billGU
{quote} sounds like twee needs a grammarly chrome extension
Shh, don't interrupt navk's personal forum. Especially when he's desperately trying to ride Twee's nuts. Even a rolled-up newspaper wouldn't be enough to stop his dominance assertion when he's in heat like this... regard his bolding of letters with awe.
Congratulations ScalaFX for coming out of the closet!
  • #794,977
  • Dec 4, 2023 11:47am Dec 4, 2023 11:47am
Quoting Zebi
{quote} navk...nobody likes a tattletale and hall monitor ...are you still in grade school ? grow up forfooks sake...you have him on ignore why do keep reading his posts...what kind of mental problem is that?
He's trying to learn how to calculate the daily range. Let him be.
Congratulations ScalaFX for coming out of the closet!
  • #794,978
  • Dec 4, 2023 11:47am Dec 4, 2023 11:47am
1.2600 likely to hold for the rest of session and probably for Asia.

I took some longs. 1.2625
Intraday only.
  • #794,979
  • Dec 4, 2023 11:50am Dec 4, 2023 11:50am
Quoting Zebi
{quote} 13 hours ago before the shit hit the fan you have to position yourselves before the move happens...sometimes youll have to sit in a DD and its very hard to position yourselves off a 5 min chart LOL you want to make money ditch the 1 and 5 min charts cause those are the ones the 95% losers trade so why be one of them?
Uh-oh. I trade m1 and m5. Oh, but also m2, m4, m5, m8, m15, m16, m30, m32, H1, m54, H2, m128, H4, m256, H8, m512, and more!
To free Gazans of Hamas, use whatever it takes.
  • #794,980
  • Dec 4, 2023 11:50am Dec 4, 2023 11:50am
Quoting navk
{quote} OK, I will convey this message to him.
maybe there should be some new golden words
'No alcohol or solvent huffing on days when the market is open'
248 traders viewing now