Cable Update (GBPUSD) | Page 40892 | 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)

  • #817,821
  • Mar 20, 2024 3:36pm Mar 20, 2024 3:36pm
Quoting Whale
{quote} maybe.. i'm working on improving my swing trades, and by mapping the 4H, daily and weekly 1.3 is 1st tp zone and 1.314X is 2nd. and im not going to abandon it.
yes good target for long term.
lets see if everything lines up to get there.
would require an uptrend. I mean, a good one, where even the barber at the corner will tell you “hey, gu is in uptrend, let’s buy the dip”

lol

lomg time I don’t see a good trend in currencies. Uj did a good job lately but still not simple to jump in along the way
90% of traders use TA, indicators and prediction
  • #817,822
  • Mar 20, 2024 3:39pm Mar 20, 2024 3:39pm
Let’s see how BoE plays tomorrow
Insane in the Brain..
  • #817,823
  • Mar 20, 2024 3:45pm Mar 20, 2024 3:45pm
Quoting Whatevs
{quote} Well, every pair except USD/JPY and CHF/JPY is already at the new high as we speak, so USD/JPY might climb back up again and this time really break that 152 (catch SLs) and collect all Sell orders. If it continues to drop, you're doing great! Tomorrow is another hard day... SNB, BoE and a shit ton of news to watch out for...

usd chf is a perfect inverse correlation with eur usd. So perfect that if one is not good in short or long can simply switch from a chart to another. Or even one can think to buy the eur usd and actually buy the usd chf so using a kind of counter perception tool to switch form losing to winning
once a friend coded a reverse trade mirror.. assuming 90% traders lose, just mirror the execution so you click buy, it execute sell. LOL
good as long as you don’t know it btw.

anyway, about CHF…
the SNB knows the closed correlation with eur usd so anything they do, is directly correlated with EUR.
i would wonder if EUR deserves to go higher, pumped by a strong chf, or not.
also gbp is correlated anyway.

tomorrow could be a large mover day, that’s for sure
90% of traders use TA, indicators and prediction
  • #817,824
  • Mar 20, 2024 3:47pm Mar 20, 2024 3:47pm
Bit coin hit resistance any interested can jump in unto 59k
  • #817,825
  • Mar 20, 2024 3:49pm Mar 20, 2024 3:49pm
Pfffffff
Attached Image (click to enlarge)
Click to Enlarge Name: Uj.png Size: 27 KB
90% of traders use TA, indicators and prediction
  • #817,826
  • Mar 20, 2024 4:03pm Mar 20, 2024 4:03pm
Quoting ScalaFX
shorted 1st 2779
2nd 2785, pendings 2790, 2795, 2800, 2805 lets see I can get 2750
People don't plan to lose. They lose because they don't plan.
  • #817,827
  • Mar 20, 2024 4:13pm Mar 20, 2024 4:13pm
Quoting _BBKing_
Pfffffff {image}
i wanna believe 152 next got stopped out while in profit them brokers with widening of price lines bro kmt
  • #817,828
  • Mar 20, 2024 4:39pm Mar 20, 2024 4:39pm
Quoting BeeTogether
Let’s see how BoE plays tomorrow
After first spike up, the price goes down. It is normal.
It is called gap.
Sudden spike creates gap.
The price goes down to fill the gap.
Intraday only.
  • #817,829
  • Mar 20, 2024 4:43pm Mar 20, 2024 4:43pm
Quoting BeeTogether
Let’s see how BoE plays tomorrow
Yes, that's all we can ever do...
  • #817,830
  • Mar 20, 2024 4:47pm Mar 20, 2024 4:47pm
Some new guys took short position before fomc. He set stop for those trades.
When stop got hit, he again took short trades. This is called revenge trade.
At the end the revenge trade also stopped out.
The new ( bie) needs to learn.
Keep calm. Look for next step or strategy.
Revenge trade means, the new person does not have mental thing to take loss
Intraday only.
  • #817,831
  • Mar 20, 2024 4:58pm Mar 20, 2024 4:58pm
Quoting navk
Some new guys took short position before fomc. He set stop for those trades. When stop got hit, he again took short trades. This is called revenge trade. At the end the revenge trade also stopped out. The new ( bie) needs to learn. Keep calm. Look for next step or strategy. Revenge trade means, the new person does not have mental thing to take loss
lots of respect navk even though thats not me at times i believe i am right when the market is showing i am wrong need to take a breather and come again
  • #817,832
  • Mar 20, 2024 5:01pm Mar 20, 2024 5:01pm
Quoting Godspromise
{quote} lots of respect navk even though thats not me at times i believe i am right when the market is showing i am wrong need to take a breather and come again
It is applicable to all new guys.
Once stop is hit, he must not take revenge trade.
Have seen posts here from new people
Intraday only.
  • #817,833
  • Mar 20, 2024 5:04pm Mar 20, 2024 5:04pm
If the market is done with the longs let me try short today Enough of that FOMC fluff
WARNING: This post warps space and time in its vicinity.
  • #817,834
  • Mar 20, 2024 5:09pm Mar 20, 2024 5:09pm
I am accumulating short trades.
No stop
Intraday only.
  • #817,835
  • Mar 20, 2024 5:24pm Mar 20, 2024 5:24pm
Quoting WizardTrade
If the market is done with the longs let me try short today Enough of that FOMC fluff
Let's bring it down again
You have to have an IQ higher than 90 to interact with this user.
  • #817,836
  • Mar 20, 2024 5:25pm Mar 20, 2024 5:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-20 at 22.20.00.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #817,837
  • Edited 5:36pm Mar 20, 2024 5:25pm | Edited 5:36pm
im finally back home

so my GU limit order got hit at 2774 and my two others are still working

im also long UJ and i placed a buy limit order at 150.78 on that too incase it falls overnite

to be honest i didnt think price would spike that high to reach those orders but im glad it did since i was away from my trading computer and my orders did all the work LOL
Quoting Zebi
these are my sell orders gentlemen and im off to bed...i may set the alarm for the UK cpi news tho i dont know yet since nobody cares about england anymore eversince they lost their empire {image}
Quoting Zebi
{quote} ...i left my sell limit orders from last night as a lottery ticket in case of a spike that high {quote} oh shit im gona be late for the appointment
so im short again and feel complete...i feel naked when i dont have shorts on
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-19 230125.png Size: 10 KB
Click to Enlarge Name: Screenshot 2024-03-20 172514.png Size: 12 KB
short trump and go long the deepstate
  • #817,838
  • Mar 20, 2024 5:26pm Mar 20, 2024 5:26pm
2794 is previous high.

Expect this number to break.
Intraday only.
  • #817,839
  • Mar 20, 2024 5:29pm Mar 20, 2024 5:29pm
Quoting Waveskierrob
{quote} Yes, that's all we can ever do...
if I’m reading things right we could have some dialogue about rate cuts in the future. This could theoretically take us back towards the opening of yesterday 12730 area. I got a TP in my long for a rather piss taking 12835 which I doubt will hit overnight

will be looking for a short opportunity though. In the meanwhile it’s time for some overshooting cash
Insane in the Brain..
  • #817,840
  • Mar 20, 2024 5:29pm Mar 20, 2024 5:29pm
GU bools seem to be forgetting the shitty UK CPI news earlier and you dont know how happy that makes me LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-20 172733.png Size: 7 KB
short trump and go long the deepstate
534 traders viewing now