Cable Update (GBPUSD) | Page 40742 | 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)

  • #814,821
  • Mar 7, 2024 4:35pm Mar 7, 2024 4:35pm
Quoting Jade Gate
{quote} There was it seems a concerted and clearly pre-planned orchestrated bull move among the prop trading houses, one that began at precisely 9am London time and carried through to close today. It was particularly odd and noticeable since the US traders had been selling it down during Asia session, just prior to London cranking it back up at exactly 9am. I do think they all conspire together, US and Europe to achieve whatever ends they have in mind. Like an invisible scheme (to everyone else) and that they handover from one continent to the other...
Hello Jade, nice to see a lady around.
Only a few around

Sure it is deliberate, but I would think hedge funds are selling. There was a warning from Luis Navellier who ever is selling the good stuff, shorts will be squeezed and it was.
Also he said software will be replaced with hardware. Selling will happen at some point a for price readjustment. Let's watch this space.
Good trading to you, J
  • #814,822
  • Mar 7, 2024 5:16pm Mar 7, 2024 5:16pm
Quoting Ferna
Bernie Sanders warns for the economic consequences of a Trump win https://www.youtube.com/watch?v=l1tRWJgkLIs

Trump means less war
  • #814,823
  • Mar 7, 2024 5:28pm Mar 7, 2024 5:28pm
Testing shorts. Could come back to the source today
Attached Image (click to enlarge)
Click to Enlarge Name: gutoday.png Size: 22 KB
Emotional Control. Process, not outcome.
  • #814,824
  • Edited 6:27pm Mar 7, 2024 6:03pm | Edited 6:27pm
GU, bought @ 1.28131; SL 1.27891 (24 pips); TP 1.28811 (68 pips)
  • #814,825
  • Mar 7, 2024 6:17pm Mar 7, 2024 6:17pm
GU longs as a whole have just crossed into the green. Expect a sharp drop down to get back into equilibrium. Great time to load up shorts right now at 1.2818
Any trader that tries to sell a product of ANY sort is a scammer.
  • #814,826
  • Mar 7, 2024 6:21pm Mar 7, 2024 6:21pm
Quoting Konichiwhaat
Testing shorts. Could come back to the source today {image}
2820. Adding
Emotional Control. Process, not outcome.
  • #814,827
  • Mar 7, 2024 6:34pm Mar 7, 2024 6:34pm
Quoting Pat Chiko
{quote} GU waiting for another retest or just continue upwards.{image}
GU

Big Friday
With Powell out of the way and saying a whole lot of nothing-
This Friday options for NFP when CPI is the big game.
Enjoy the ride.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 016.jpg Size: 169 KB

Today, we'll watch out for three important things in the US: February's NFP, Unemployment Rate, and Average Hourly Earnings.
These could shake up the market.
Market will pay attention to this data to find chances to trade GBP/USD.GOLD/Indices.

Most probably BoE might lower interest rates after the Federal Reserve does.
This could make the Pound stronger and help GBP/USD.
Maybe BoE might start making things easier in the August meeting.

My plan for the first 15-20 minutes after the NFP data is released to smoke.
As the moment data release both seller and buyer will get smoked out, its moves in the market to confuse both buyers and sellers.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 015.jpg Size: 167 KB


If the NFP are lower and the revised numbers are also down, it suggests that fewer jobs were added.
Throughout the year, there have been claims that the jobs data was cook up /manipulated to look better to fit a certain story.
But this time, even with revised numbers, the NFP is still lower.
If the numbers keep being lower than before, the Dollah Index is expected to drop.

Expect some surprise from today NFP.
Attached Image (click to enlarge)
Click to Enlarge Name: surprise.jpeg Size: 65 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #814,828
  • Mar 7, 2024 7:02pm Mar 7, 2024 7:02pm
Usdjpy buy 0.1 gbpnzd buy 0.05 nzdjpy buy 0.05 gbp jpy 0.02 buy expected a boom in dxy index for a target of all time high for usdjpy and nzjpy
  • #814,829
  • Mar 7, 2024 7:06pm Mar 7, 2024 7:06pm
Very bullish cable!!!
  • #814,830
  • Mar 7, 2024 7:14pm Mar 7, 2024 7:14pm
2820 to 2770 daily pivot first.

Later based on NFP.

A spike up and then sell off.
Intraday only.
  • #814,831
  • Mar 7, 2024 7:15pm Mar 7, 2024 7:15pm
Quoting ninner
Very bullish cable!!!
No shit Sherlock....how did you figure that out
  • #814,832
  • Mar 7, 2024 7:17pm Mar 7, 2024 7:17pm
Quoting Pat Chiko
{quote} GU Big Friday With Powell out of the way and saying a whole lot of nothing- This Friday options for NFP when CPI is the big game. Enjoy the ride.
Bitcoin & Gold probing new ATHs.....Dow extended by 1.27.....Risk On Currencies within or pushing into short liquidity zones....most of the levered shorts are gone, or soon will be gone.

Seems to me that the market is just about done sucking blood to the upside for now. Wouldn't surprise me at all if after one final rinse to the upside, that the NFP figures, whatever they are, are interpreted as 'dollar strength'.
  • #814,833
  • Mar 7, 2024 7:35pm Mar 7, 2024 7:35pm
I would want price to go below 1.2807 / 1.2800 and then never return above these lines for today.

It is a kind of area i am interested today.

This seperates bullish and bearish to me.
Intraday only.
  • #814,834
  • Mar 7, 2024 7:35pm Mar 7, 2024 7:35pm
Quoting Jolita
{quote} Hello Jade, nice to see a lady around. Only a few around Sure it is deliberate, but I would think hedge funds are selling. There was a warning from Luis Navellier who ever is selling the good stuff, shorts will be squeezed and it was. Also he said software will be replaced with hardware. Selling will happen at some point a for price readjustment. Let's watch this space. Good trading to you, J
Specially to my sista Jolita and Jade and other trading girls here.
Attached Image (click to enlarge)
Click to Enlarge Name: women day.jpg Size: 123 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #814,835
  • Mar 7, 2024 7:37pm Mar 7, 2024 7:37pm
Quoting Zebi
i placed a sl at 2780 but if i survive house of reps grilling of powell today i;ll short again ...since i have 2 small shorts and one medium im not in any pain yet but will stopped out losing 100 pips ill look to reshort hier whoever it was said about mispellings theyre actually typos cause i stand for 15-20 minutes at a time and type that way with my big wide ass fingers LOL try to get exercise while trading by walking around and standing instead of sitting the whole time

i got stopped out at 2780 a 100 pips from my average of 2680..couldnt post cause i was on vacation

and if this 4H candle closes red in 20 min on GU and EU ill short again ill short each of them ... i just cant help myself LOL

im also short gold
short trump and go long the deepstate
  • #814,836
  • Mar 7, 2024 7:43pm Mar 7, 2024 7:43pm
burn my account , 2 days after wedding
time to start again with low risk.
dont teach me how to buy. im sellers!!
  • #814,837
  • Mar 7, 2024 7:51pm Mar 7, 2024 7:51pm
Quoting GusParker
{quote} Bitcoin & Gold probing new ATHs.....Dow extended by 1.27.....Risk On Currencies within or pushing into short liquidity zones....most of the levered shorts are gone, or soon will be gone. Seems to me that the market is just about done sucking blood to the upside for now. Wouldn't surprise me at all if after one final rinse to the upside, that the NFP figures, whatever they are, are interpreted as 'dollar strength'.
Thank for the view Gus Parker.
I enjoy to have real discussion on this thread wheas other post subtance/context to the subject.
Real-time discussions like this can be very insightful.
BTW you've an interesting observation on the current market sentiment.

Here's my perspective on your points:

Strength in Risk-On Assets:
You're right, Bitcoin and Gold reaching new highs, along with the Dow rally and strong performance in risk-on currencies, suggests a risk-on environment. Investors are feeling more optimistic and are willing to take on more risk for potentially higher returns.

Leveraged Shorts and Market Correction:
The diminishing presence of leveraged shorts indicates a potential squeeze as those betting against the market are forced to buy to cover their positions.
This can further fuel the rally.

NFP and Dollar Strength:
You anticipate the upcoming Non-Farm Payroll (NFP) figures being used as a catalyst for dollah appreciation.
This is a reasonable possibility.
If the jobs report shows strong growth, it could reignite expectations of the Fed staying hawkish on interest rates, which would typically boost the dollah.

My Take: (Newbie view only)
The market could be due for a correction after this extended bullish run.
Investors might become cautious and take profits, leading to a pullback.
The NFP could be a trigger, but other unforeseen events could also spark a correction.

Overall, it's a complex situation.
The interplay between global economic data, central bank policies, and investor sentiment will determine the market's next move.

Keep an eye on the NFP release and how the market reacts to the data.

Thank You
Take care and looking forward for more people to have real time discussion like this in this thread.
I hope to see more real-time discussions like this in the future.

Best Wish

PAT CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #814,838
  • Mar 7, 2024 7:57pm Mar 7, 2024 7:57pm
Quoting Zebi
{quote} i got stopped out at 2780 a 100 pips from my average of 2680..couldnt post cause i was on vacation and if this 4H candle closes red in 20 min on GU and EU ill short again ill short each of them ... i just cant help myself LOL im also short gold
the trend is long for bigger target towards 1.42. What’s your short target?
Compulsions can be hard to resist
  • #814,839
  • Mar 7, 2024 8:00pm Mar 7, 2024 8:00pm
Quoting TraderFX.Id
burn my account , 2 days after wedding time to start again with low risk.
bro overleveraging been killing me but I'm learning sniper entries soon translate into deadly accuracy
  • #814,840
  • Mar 7, 2024 8:05pm Mar 7, 2024 8:05pm
Quoting Godspromise
{quote} bro overleveraging been killing me but I'm learning sniper entries soon translate into deadly accuracy
yeah im miscalculate..maybe if im not add short , can hold until 2850, new fear unlocked now
dont teach me how to buy. im sellers!!
320 traders viewing now