Cable Update (GBPUSD) | Page 40486 | 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)

  • #809,701
  • Feb 15, 2024 5:47am Feb 15, 2024 5:47am
GBPUSD ... It's time to book buy entries in the oversold zone ...extreme bottom zone M15 CHART....Mkt makers are busy accumulating buy contracts at discount prices while Retail traders are busy taking sell positions why..because now all retail traders' indicators and trading systems are saying yes yes yes to sell entries...with strong confirmations for sell......haha. Happy trading.
  • #809,702
  • Feb 15, 2024 5:55am Feb 15, 2024 5:55am
I keep holding my short Cable and EU
still long on Uj
sl or tp

Will not be charting
already done my week.
maybe tomorrow will be a chart day

for what I see, prices are stuck waiting for reasons to b/o
mostly cable…. Could flatten around between 1.25 and 1.26 for a few days imo.
90% of traders use TA, indicators and prediction
  • #809,703
  • Feb 15, 2024 6:02am Feb 15, 2024 6:02am
Quoting Godspromise
the news will be reacted to badly on the usd side waiting for the fall for my usdjpy trade
UJ and USDCHF is in a sell pattern / retracements of previous strong moves while Gold is recovery from the bearish engulfing as well.
I might look into bad news for USD.
However I will wait till news is released as multiple news may lead to both side liquidity hunt.
Exhausted
  • #809,704
  • Feb 15, 2024 6:12am Feb 15, 2024 6:12am
Quoting TraderFX.Id
{quote} if usdxxx fall then xxxusd will be fly you said are on short side gu today
yeah as I said closed off cause before New York gbpusd gbpaud are probably gonna fly high but my trading principle I won't overtrade but if the market moves in my favor then it proves my strategy is even more effective
so it's:
usdjpy sell
gbpusd buy
gbpaud buy
usdchf sell
eurousd buy
but remember I maybe wrong still in the infancy stage of my strategy
  • #809,705
  • Feb 15, 2024 6:13am Feb 15, 2024 6:13am
Quoting Elysion
{quote} UJ and USDCHF is in a sell pattern / retracements of previous strong moves while Gold is recovery from the bearish engulfing as well. I might look into bad news for USD. However I will wait till news is released as multiple news may lead to both side liquidity hunt.
will not be that easy to move the Uj down
any dip will find more buyers.
i will keep buying it until the trend will be flipped down.
we could be in a temporary accumulation near 150 before jumping to prev high 151.80

anyway, anything can happen so let’s see
I’m using small size in Uj atm and tight stop loss
90% of traders use TA, indicators and prediction
  • #809,706
  • Feb 15, 2024 6:19am Feb 15, 2024 6:19am
Quoting DimoProFm
GBPUSD ... It's time to book buy entries in the oversold zone ...extreme bottom zone M15 CHART....Mkt makers are busy accumulating buy contracts at discount prices while Retail traders are busy taking sell positions why..because now all retail traders' indicators and trading systems are saying yes yes yes to sell entries...with strong confirmations for sell......haha. Happy trading.
I see neither the oversold zone, nor the mkt makers accumulating contracts, nor retail traders indicators saying sell entries.

what is happening is pretty the opposite.
all retail traders are buying because it’s a support and all indicators are oversold.
mkt makers are booking their orders just like every day they do.

while price is nor going higher nor lower clearly showing a balance between supply and demand and clearly showing that
1. If you want you can gamble there’s a 50/50 chance to see price up or down form here.
2. If you don’t want to gamble, just fucking wait and do some fucking else.

hope it helps
90% of traders use TA, indicators and prediction
  • #809,707
  • Feb 15, 2024 6:32am Feb 15, 2024 6:32am
Suddenly it's moving up, kinda like another pump and dump scenario.

Will definitely sit out of the news today.
Way too 50/50.
Exhausted
  • #809,708
  • Feb 15, 2024 6:33am Feb 15, 2024 6:33am
Quoting nubcake
{quote} If you were navk you'd have 20x your whole account today.
you have only wet pants dreamer so dont be silly
People don't plan to lose. They lose because they don't plan.
  • #809,709
  • Feb 15, 2024 6:35am Feb 15, 2024 6:35am
You shell not drop below 1.25471 mf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-02-15-14-33-07-184_net.metaquotes.metatrader4-edit.jpg Size: 721 KB
yes yes yes
  • #809,710
  • Feb 15, 2024 6:48am Feb 15, 2024 6:48am
Quoting dantpm
{quote} That's a lot of confidence!
Hahaha, price is barely moving so not much confidence is necessary, but thanks!
  • #809,711
  • Feb 15, 2024 6:49am Feb 15, 2024 6:49am
Quoting nubcake
{quote} If you were navk you'd have 20x your whole account today.
I was up only 0.5% haha. Now, pretty much at BE. I'll leave the trades running through the US data.
  • #809,712
  • Feb 15, 2024 6:52am Feb 15, 2024 6:52am
Quoting Elysion
Suddenly it's moving up, kinda like another pump and dump scenario. Will definitely sit out of the news today. Way too 50/50.
True.. but to be honest the way I look at it is that news or not it's pretty much the same crap. It's only that on the news price will hit SL or TP faster than without news. We still have the same setup (risk) be it news or not. My opinion only haha.
  • #809,713
  • Feb 15, 2024 6:54am Feb 15, 2024 6:54am
Quoting Tools
This is a good day again: {image} Had some good buys and now waiting for the TP, fingers crossed
It pulled back on me, so I could enter with a few extra trades

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB


We get to 1.25360 before the news, than BOOM back with the bulls I am certain.
  • #809,714
  • Feb 15, 2024 6:58am Feb 15, 2024 6:58am
Quoting Godspromise
{quote} yeah as I said closed off cause before New York gbpusd gbpaud are probably gonna fly high but my trading principle I won't overtrade but if the market moves in my favor then it proves my strategy is even more effective so it's: usdjpy sell gbpusd buy gbpaud buy usdchf sell eurousd buy but remember I maybe wrong still in the infancy stage of my strategy
before New York gbpusd gbpaud are probably gonna fly high

It's 2 minutes before NY open and nothing has taken flight.
To free Gazans of Hamas, use whatever it takes.
  • #809,715
  • Feb 15, 2024 6:59am Feb 15, 2024 6:59am
Quoting Tools
{quote} It pulled back on me, so I could enter with a few extra trades {image} We get to 1.25360 before the news, than BOOM back with the bulls I am certain.
I see you're betting on the bull... I must say I'm disappointed.
We're not friends anymore!


LoL
GL buddy!
  • #809,716
  • Feb 15, 2024 6:59am Feb 15, 2024 6:59am
done trade today with loss,,still have 1 short gu but i will let it be until tomorrow..
cant trade news because have to go.
good luck guys.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240215_195759.png Size: 27 KB
dont teach me how to buy. im sellers!!
  • #809,717
  • Feb 15, 2024 7:01am Feb 15, 2024 7:01am
Quoting DrDave
{quote} before New York gbpusd gbpaud are probably gonna fly high It's 2 minutes before NY open and nothing has taken flight.
Hahahah just shows how dramatic we as traders are lol.
It's gonna fly, it's gonna crash and burn, prepare for taking off, etc...
  • #809,718
  • Feb 15, 2024 7:02am Feb 15, 2024 7:02am
Quoting DrDave
{quote} before New York gbpusd gbpaud are probably gonna fly high It's 2 minutes before NY open and nothing has taken flight.
patience my brother wait until 8:30 then the fun begins
  • #809,719
  • Feb 15, 2024 7:04am Feb 15, 2024 7:04am
Quoting Whatevs
{quote} Hahahah just shows how dramatic we as traders are lol. It's gonna fly, it's gonna crash and burn, prepare for taking off, etc...
why not be dramatic enjoy life bro I see no sense in always bring reserved its gonna break bank today
  • #809,720
  • Feb 15, 2024 7:04am Feb 15, 2024 7:04am
Quoting navk
GU will test easily 1.2600 sometime today. I am long already
Another brilliant call with such confidence.

With that type of call navk has definitely made another 4%. Time to crack out the spreadsheet as proof.

Maybe the next 30mins will dive into the pool to rescue the drowning averaged down positions. Gurgle gurgle.
Congratulations ScalaFX for coming out of the closet!
417 traders viewing now