Cable Update (GBPUSD) | Page 40296 | 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)

  • #805,901
  • Jan 30, 2024 5:21am Jan 30, 2024 5:21am
Quoting Zeiferz
{quote} thank u and thank u pay for the explanation
You can see at the moment EG is rising so money flowing into it instead of GU, as soon as EG backs off GU will bounce
Don't Leave Money on the Table
  • #805,902
  • Jan 30, 2024 5:22am Jan 30, 2024 5:22am
Quoting Pat Chiko
{quote} G'day mate, How's it going this arvo? I reckon it'd be tops if you could chuck in a bit of a hand to share some knowledge. You know I'm always keen for a yarn and swapping info with fellow traders in the thick of "real-time" trading. Cheers for keeping it coming, mate. I'm gonna grab me Ciggy. Thanks again, legend!

Cheers Pat, love your charts and analysis bro

Not a smoker myself but have one for me too
Don't Leave Money on the Table
  • #805,903
  • Jan 30, 2024 5:26am Jan 30, 2024 5:26am
Quoting Pat Chiko
{quote} DXY feat GBP I believe I came across some insights by dantpm regarding the movement of the DXY. He emphasized that at times, the GBP has its own factors influencing its movement, rather than simply mirroring the DXY inversion. BTW, I believe relationship between the GBP and the DXY is not always inverse, and their movements can be influenced by a variety of factors. While there is a general tendency for major currency pairs, including GBP/USD, to exhibit an inverse relationship with the DXY,...

You are correct Pat, GBP is more independent compared to EUR. Last few hours I saw GBP dropped but DXY didn’t skyrocket. This is I prefer trade on GU rather EU due to its less inverted correlation to DXY.
With courage, patience, and discipline, success is a matter of time.
  • #805,904
  • Jan 30, 2024 5:28am Jan 30, 2024 5:28am
Money flowing into Euro instead of Cable known as end of month money flows and happens end of every month as far as my understanding of it...but prior to today Euro has been weak against Cable
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Don't Leave Money on the Table
  • #805,905
  • Jan 30, 2024 5:31am Jan 30, 2024 5:31am
Quoting Zeiferz
{quote} hmm can’t help but to be curious why does gu drop hard when dollar index is flying. But doesn’t fly when dollar index drops
This divergence rarely happens, but when it happens prepare for a ~ 150pips move in a 4hr candle or at most 2 4hr candlestick.
Sometimes this divergence occurs in one of the phases of wyckoff accumulation/distribution theory right before breakout; where the Breakout might established a new swing.
Some traders called it SMT (smart money technique) divergence.
Higher the timeframe the divergence appear, longer will be the explosive move.

It is very easy to catch this setup.
More time in the market, does not mean you trade better!
  • #805,906
  • Jan 30, 2024 5:32am Jan 30, 2024 5:32am
Quoting Moty
I need a close {image}
Come on!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-01-30-13-32-04-154_com.tradingview.tradingviewapp-edit.jpg Size: 448 KB
yes yes yes
  • #805,907
  • Jan 30, 2024 5:34am Jan 30, 2024 5:34am
Quoting JameRomeo168
{quote} You are correct Pat, GBP is more independent compared to EUR. Last few hours I saw GBP dropped but DXY didn’t skyrocket. This is I prefer trade on GU rather EU due to its less inverted correlation to DXY.
That's true.
I prefer GU to EU also.
  • #805,908
  • Jan 30, 2024 5:35am Jan 30, 2024 5:35am
Thanks everyone for your insights. glad to learn so much more

Is there still a gap in dollar index 102.6 to 102.72?
  • #805,909
  • Jan 30, 2024 5:39am Jan 30, 2024 5:39am
Quoting Zeiferz
Thanks everyone for your insights. glad to learn so much more
if you haven't blown your account during the 11 pip range over the past 2 hours, you haven't learnt anything from this thread
  • #805,910
  • Jan 30, 2024 5:46am Jan 30, 2024 5:46am
Quoting billGU
{quote} if you haven't blown your account during the 11 pip range over the past 2 hours, you haven't learnt anything from this thread

huh?

Kidding me?

did you just blow your account?
#Stay blue. /swinger/scalper/
  • #805,911
  • Jan 30, 2024 5:52am Jan 30, 2024 5:52am
Quoting ScalaFX
still shorting GU now went short Gold 2038 will add some if
Gold Close all
People don't plan to lose. They lose because they don't plan.
  • #805,912
  • Jan 30, 2024 5:52am Jan 30, 2024 5:52am
Quoting billGU
{quote} if you haven't blown your account during the 11 pip range over the past 2 hours, you haven't learnt anything from this thread

lucky i didnt bro. thanks for the heads up
  • #805,913
  • Jan 30, 2024 5:55am Jan 30, 2024 5:55am
Quoting Moty
{quote} Come on!!! {image}
Is that the weekly open you're targeting?
I have no clue where it's going
  • #805,914
  • Jan 30, 2024 5:56am Jan 30, 2024 5:56am
just thinking out loud, EG seems to be at 4hr downtrend resistance. if it turns around will GU goes up?
  • #805,915
  • Jan 30, 2024 6:01am Jan 30, 2024 6:01am
Quoting ScalaFX
{quote} Gold Close all
Hey J.T.

no wonder I cannot closed (TP) my gold trades.
You were there shorting, and blocking my TP. ?




Smart trade J.T.
Dont forget to keep some money aside , as we need to spend it during my visit in July. ( or you prefer me to come in June ?)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #805,916
  • Jan 30, 2024 6:06am Jan 30, 2024 6:06am
Quoting Zeiferz
just thinking out loud, EG seems to be at 4hr downtrend resistance. if it turns around will GU goes up?

When Britain was part of the EU at the end of every month money would flow out of Britain into the coffers of the EU, not sure if this happens now and todays money flows could be just a coincidence. Or maybe Britain is still required to send money
EG has come of it's highs but so has EU, if EG falls faster then GU will benefit with a rise in price.
These are events I have seen happening to GU price and I might not be right, there could be more to it
Don't Leave Money on the Table
  • #805,917
  • Jan 30, 2024 6:06am Jan 30, 2024 6:06am
Quoting HaLBot
{quote} I'll answer that if okay because you asked Pat ?? It happens when Euro is stronger than Cable money flows into Euro/Gbp instead of into Cable so Euro can be pumping and Cable could be stationary or falling. When US dollar is falling and Cable as strong as Euro money flows into GU at the same time and both will pump Got to say I can't stand EG, I call it the blood sucking freak lol

Forex isn't about money flows, it is about price. 'We' have a limited idea about money flows since this information is not accurately reported and not required to be reported (each transaction does not always have 'volume' or total value). The market has the data and there are several sources that make some of the information available to the public for free and for various fees. The rest of your explanation makes sense. There are other scenarios as well, it is simply a function of how price is behaving.
  • #805,918
  • Jan 30, 2024 6:11am Jan 30, 2024 6:11am
Quoting HaLBot
{quote} When Britain was part of the EU at the end of every month money would flow out of Britain into the coffers of the EU, not sure if this happens now and todays money flows could be just a coincidence. Or maybe Britain is still required to send money EG has come of it's highs but so has EU, if EG falls faster then GU will benefit with a rise in price. These are events I have seen happening to GU price and I might not be right, there could be more to it
I thought it was completed in 2022....
It was, "Divorce Bill": Britain agreed to a financial settlement as part of the withdrawal agreement, estimated at around £39 billion.

Maybe UK need to pay some ransom money on top of divorce bill to keep the R&D program running (Horizon Europe)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #805,919
  • Jan 30, 2024 6:20am Jan 30, 2024 6:20am
Quoting dantpm
{quote} Forex isn't about money flows, it is about price. 'We' have a limited idea about money flows since this information is not accurately reported and not required to be reported (each transaction does not always have 'volume' or total value). The market has the data and there are several sources that make some of the information available to the public for free and for various fees. The rest of your explanation makes sense. There are other scenarios as well, it is simply a function of how price is behaving.

Month end money rebalancing flows really do happen and here is an article explaining it.
But I was talking about the payments the British government pays to the EU and they are still doing it but now known as divorce payments...something like 40 billion pounds over the next 30 years

https://www.forexlive.com/Education/...works-20191128
Don't Leave Money on the Table
  • #805,920
  • Jan 30, 2024 6:23am Jan 30, 2024 6:23am
Quoting HaLBot
{quote} You can see at the moment EG is rising so money flowing into it instead of GU, as soon as EG backs off GU will bounce
as soon as EG backs off GU will bounce

That is not always true. EG can "back off" along with EU, and the GU that is heading down simply keeps going down with no bounce at all. Then with all three of them going down, EU becomes the preferred pair to trade.

(Perhaps you don't have a firm grasp on the EU/GU/EG relationships.)
To free Gazans of Hamas, use whatever it takes.
709 traders viewing now, 3 are registered:
,
,
CrazyTrades