Cable Update (GBPUSD) | Page 39983 | 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)

  • #799,641
  • Dec 28, 2023 9:53pm Dec 28, 2023 9:53pm
Quoting trumps
there’s a good bounce zone for buys around 2725-2750 area
Good PA support zone there
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 8 KB
Compulsions can be hard to resist
  • #799,642
  • Edited 10:38pm Dec 28, 2023 10:10pm | Edited 10:38pm
TGT 2890 atm
let’s if plays out and brake it everything up to draw a daily push into 1.28/1.30 area.

expected to find it near 1.27 after Asia.
will be looking to increase size to standard position if correlates PA

Attached Image (click to enlarge)
Click to Enlarge Name: Gu8.png Size: 37 KB
90% of traders use TA, indicators and prediction
  • #799,643
  • Dec 28, 2023 10:10pm Dec 28, 2023 10:10pm
Only just now took a look at WS

I don't think the USD will be having a great year in 2024
Attached Image (click to enlarge)
Click to Enlarge Name: WS30Monthly.png Size: 9 KB
Compulsions can be hard to resist
  • #799,644
  • Dec 28, 2023 10:25pm Dec 28, 2023 10:25pm
Quoting trumps
Only just now took a look at WS I don't think the USD will be having a great year in 2024 {image}
I would say an initial target would be 3887 on ext.
Attached Image (click to enlarge)
Click to Enlarge Name: WS30Weekly.png Size: 9 KB
Compulsions can be hard to resist
  • #799,645
  • Dec 28, 2023 10:31pm Dec 28, 2023 10:31pm
Quoting stevepatt
{quote} Hi Rick, It doesn't matter what causes Price to move as long as YOU have a means to Follow it At best we are Trading Long when Price is Cheap to Buy and Short when Price is Expensive to Buy what more do we need
Hi Steve

If I was buying groceries from the supermarket I would agree with you, but buying lows or selling highs isn’t a smart strategy unless you know why the move is taking place. The advantage of being a DOM trader is I get to understand what force is moving the market, which offers me the opportunity to “stay the fuck in” and really profit from a nice trend.

An example

When I see strong Red Imbalance like on the chart from Footprint, I need to know whether some big players are sweeping into the market Selling and is there any continuation of this activity. If there is no follow through Selling, I will Buy this low because the market always traps large traders and moves bullish.
I will Sell if the sweeping continues and follow the big players.
If the Red Imbalance was caused by excessive Long orders being placed on the chart by retail Buyers (Algo’s hunt lop -sided order books), I will Sell as well and hunt alongside these algorithms manually.

In summary, if retail traders buy lows using limit orders in mass, the algorithms will kill them.

It does matter why there is a Red move, best to know why.

Cheers
Trading thin liquidity at the boundary of the charts
  • #799,646
  • Dec 28, 2023 10:37pm Dec 28, 2023 10:37pm
What I mean is if daily brakes this pattern upward, will mean strong buyers in play, and new playfield will be the 1.28 to 1.30 or higher
Attached Image (click to enlarge)
Click to Enlarge Name: Gu10.png Size: 96 KB
90% of traders use TA, indicators and prediction
  • #799,647
  • Dec 28, 2023 10:44pm Dec 28, 2023 10:44pm
Quoting RickM
{quote} Hi Steve If I was buying groceries from the supermarket I would agree with you, but buying lows or selling highs isn’t a smart strategy unless you know why the move is taking place. The advantage of being a DOM trader is I get to understand what force is moving the market, which offers me the opportunity to “stay the fuck in” and really profit from a nice trend. An example When I see strong Red Imbalance like on the chart from Footprint, I need to know whether some big players are sweeping into the market Selling and is there any continuation...
Hi Rick,

It sounds really complecated.

This looks a lot more straight forward

I'm just trying to Capture 20 Pips Max
Attached Image (click to enlarge)
Click to Enlarge Name: 29th Dec 23 M15 Observations GBP_USD_20231229_06.13.png Size: 32 KB
  • #799,648
  • Dec 28, 2023 10:56pm Dec 28, 2023 10:56pm
Quoting trumps
Only just now took a look at WS I don't think the USD will be having a great year in 2024 {image}
what’s this ws?
90% of traders use TA, indicators and prediction
  • #799,649
  • Dec 28, 2023 10:58pm Dec 28, 2023 10:58pm
14 consecutive bullish 15 minute candles.
  • #799,650
  • Dec 28, 2023 11:04pm Dec 28, 2023 11:04pm
Good luck today fellas.
fix today all your bad habits from 2023.
happy 2024.

we will win them!
  • #799,651
  • Dec 28, 2023 11:06pm Dec 28, 2023 11:06pm
Quoting _BBKing_
{quote} what’s this ws?
Wall Street. Dow Jones Industrial Average (DJIA)
Compulsions can be hard to resist
  • #799,652
  • Dec 28, 2023 11:06pm Dec 28, 2023 11:06pm
Quoting MrFanciful
14 consecutive bullish 15 minute candles.
If you will check 30m it will be less.. so less scary?

1.2713 was a mid of strong OB.
  • #799,653
  • Dec 28, 2023 11:13pm Dec 28, 2023 11:13pm
last trade of the year
im short 2772 sl 2820..
  • #799,654
  • Dec 28, 2023 11:22pm Dec 28, 2023 11:22pm
looking for a retest of 1.2780s/90s then sell again today. GL, last day of the year!
  • #799,655
  • Dec 28, 2023 11:27pm Dec 28, 2023 11:27pm
Quoting Whale
{quote} If you will check 30m it will be less.. so less scary? 1.2713 was a mid of strong OB.
Haha
  • #799,656
  • Dec 28, 2023 11:38pm Dec 28, 2023 11:38pm
i think we'll start buying up again in the next 5 mins to break the high made at 7am
  • #799,657
  • Dec 28, 2023 11:40pm Dec 28, 2023 11:40pm
Quoting voeltoez
last trade of the year im short 2772 sl 2820..
greedy mod...move all sl to 2772 , if hit im done trading today and this year.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231229_143841.jpg Size: 423 KB
  • #799,658
  • Dec 28, 2023 11:44pm Dec 28, 2023 11:44pm
Hit my daily target so I'm done. Going to get ready to go out with my camera. Have a good profitable day everyone, and a good New Year. Remember that the spreads are crazy on New Years Day (or the day after).
  • #799,659
  • Dec 28, 2023 11:45pm Dec 28, 2023 11:45pm
Scalped short 10pips.

thats it.
will let the long run no matter what

good luck and happy new year to everyone
90% of traders use TA, indicators and prediction
  • #799,660
  • Dec 28, 2023 11:52pm Dec 28, 2023 11:52pm
Quoting voeltoez
{quote} greedy mod...move all sl to 2772 , if hit im done trading today and this year. {image}
More greedy, aggressive and secure.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 457 KB
Intraday Trading is an Art _ hoda
335 traders viewing now, 1 is registered:
purdoy81