Cable Update (GBPUSD) | Page 41123 | 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)

  • #822,441
  • Apr 21, 2024 6:37am Apr 21, 2024 6:37am
Quoting Jade Gate
{quote} AUD and NZD have news out this week. Take care. {image}
yeah think my gbpnzd trade gonna go straight to 4 hr zone gbpaud looks nice too and gbpcad watching gbpjpy because of the good volatility have to take that trade to the upside of 192 and more which trades do you do on the Aud pairs?
nzdjpy is also in the trade area of 4 hr liquidity with a strong rejection to go to the upside lots of trade opportunities patience is key with a trading strategy you're comfortable with
  • #822,442
  • Apr 21, 2024 6:42am Apr 21, 2024 6:42am
Please keep in mind that Q1 earnings season ramps up into overdrive from this week coming. This will affect the USD either +ve or -ve and all other majors.

https://finance.yahoo.com/calendar/earnings/
  • #822,443
  • Apr 21, 2024 6:55am Apr 21, 2024 6:55am
Quoting Godspromise
{quote} which trades do you do on the Aud pairs? nzdjpy is also in the trade area of 4 hr liquidity with a strong rejection to go to the upside lots of trade opportunities patience is key with a trading strategy you're comfortable with
Only trade AUD long if the EURAUD cross is running short. Same with NZD. EURNZD cross must be running short to trade NZD long. Will most likely be staying out until news is over. But am interested in long both pairs since I think they are both oversold and hovering on support. Market will dictate next moves. Only trade these 4 pairs. GBP crosses don't have enough flex in them atm (room to travel with gusto), imo.

Lots of consolidation / channeling on GBPNZD monthly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #822,444
  • Apr 21, 2024 7:21am Apr 21, 2024 7:21am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-04-21 at 13.19.21.png Size: 13 KB
  • #822,445
  • Apr 21, 2024 7:46am Apr 21, 2024 7:46am
GBPUSD Weekly.....maybe something in it , or invalidated next week.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 134 KB
Its all just one persons opinion
  • #822,446
  • Apr 21, 2024 7:47am Apr 21, 2024 7:47am
Quoting Godspromise
{quote} if you had follow my gbp cad and gbpnzd trade you would caught 120 pips and currently and 120 pip to go another 120 pips on gbpnzd i go zone to zone pn the 4 hr and daily
Thanks! I have put my entire energy into JPY analysis now and don't even look at other pairs at the moment only USD pairs here and there.
  • #822,447
  • Apr 21, 2024 7:54am Apr 21, 2024 7:54am
i am looking for an EA or script which automatically closes all open orders when the DD of the depot reaches -x%.

do any of you know of one?

thank you very much!
trading is like dancing, don't think and just listen to the music!
  • #822,448
  • Apr 21, 2024 7:58am Apr 21, 2024 7:58am
Quoting Zebi
{quote} that's only 40 pips from fridays close...that's nothing in the bigger scheme of things like the bullish daily and weekly candles
{image}
You shorted the $ on the 10th
only then did I ask for the update of UJ, you shorted the break like a dummy, thats why those trades are dumb as F
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-21 at 13.52.43.png Size: 186 KB
Click to Enlarge Name: Screenshot 2024-04-21 at 13.42.16.png Size: 68 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #822,449
  • Apr 21, 2024 8:10am Apr 21, 2024 8:10am
People who believe he's trading higher time frames at this point I also put in the very dumb category, shouldn't be anywhere near any trading account.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-21 at 14.09.36.png Size: 54 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #822,450
  • Apr 21, 2024 8:13am Apr 21, 2024 8:13am
Quoting Luxyus
{quote} u r going for a coffee, i m going for a pool in my garden {image}
Good for you
According to my last time experience, 1.27100 is really an easy ride for sellers, as a strong resistance , maybe it's just like 1.17, a gate to more further south way.
Just guess, not really sure about it. Market is more and more choppy. Not easy for long term netting.
  • #822,451
  • Apr 21, 2024 8:21am Apr 21, 2024 8:21am
Quoting Whatevs
{quote} I nailed the lows on EUR/USD and GBP/USD once already, so I might do it again. I'll try and trying is the first step to failure haha. Was pounding the table with 1.048 and 1.21 on this thread as extremely likely Support where price will completely reverse. EUR/USD went from 1.045 to 1.114 and GBP/USD from 1.204 to 1.289. Also, there's nothing wrong with creating a plan. We are also following PA just like you are, but on a higher time frames. I cannot trade without a plan... some people can.
Hi My friend,

I did not offend you or your post.

I said about reality.

GU and EU are bearish, no doubt. But no one on earth knows the target price that will be reached.

What I know is one can trade 1 ; 3 or 1;4 loss /profit ratio and this is how individuals and intelectuals trade and not keeping target price in mind.

For me, I have been successful, just by following the PA on a particular day, which my chart easily suggests to me to whether short or long.

If you have entered short around 1.2670/1.2700, then, you should have booked your profit by now, if you are medium term trader.
Intraday only.
  • #822,452
  • Apr 21, 2024 8:28am Apr 21, 2024 8:28am
Quoting navk
{quote} Hi My friend, I did not offend you or your post. I said about reality. GU and EU are bearish, no doubt. But no one on earth knows the target price that will be reached. What I know is one can trade 1 ; 3 or 1;4 loss /profit ratio and this is how individuals and intelectuals trade and not keeping target price in mind. For me, I have been successful, just by following the PA on a particular day, which my chart easily suggests to me to whether short or long. If you have entered short around 1.2670/1.2700, then, you should have booked your profit...
No offense taken haha.

We all work differently, of course...
Since I focus on the bigger picture I like to look at the higher TF like D1, W1 and MN. I'm personally not interested in moves smaller than a couple of hundreds of pips, at least!

You're doing great! Keep it up!
  • #822,453
  • Apr 21, 2024 8:31am Apr 21, 2024 8:31am
This is my 15 min chart.

This chart is enough for me to make some profits on a daily basis.

Currently i have some small longs open. Though it was not taken correctly, i would expect a pull back on sunday/monday open
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM15.png Size: 22 KB
Intraday only.
  • #822,454
  • Edited 12:54pm Apr 21, 2024 8:54am | Edited 12:54pm
Quoting Jade Gate
{quote} Except last week, I was long EU and short GU. Very rare, but it made sense looking at the EURGBP cross.
Hi Jade,

Granted, this weeks rise in the EURGBP was due to the short-term neg correlation in price between the EURUSD (rising) versus the GBPUSD (falling), which as you stated is a "rare" occurrence, since in general, the price movement of these two majors are mostly pos correlated. However, a large rise in EURUSD versus a smaller rise in GBPUSD could have also lead to a rise in the EURGBP, thereby making a GBPUSD sell a losing position. Just curious, do you always base your decision of trading the majors based on the direction of their cross pair, knowing that the direction of the cross pair is strictly dictated by the price moves of its component majors? Are you using the cross pair as a visual proxy?

https://www.forexfactory.com/thread/...en-forex-pairs?


Best,

Dave
  • #822,455
  • Apr 21, 2024 9:01am Apr 21, 2024 9:01am
INTERVENTION ANALYSIS (MY TAKE)

This intervention by Japan will buy them some time if intervention goes normal and produces 500 - 550 pips and doesn't go out of hand and produces even more which we cannot know if that will happen or not.

If everything goes as normal price should hit the Support I mentioned here on the Weekly Chart. This is the price at which we should probably Buy and hold that Longs until we get close to 160 mark and maybe even beyond that.

This is the main scenario in my opinion.

Intervention will be nothing more but a Weekly Retracement after which the price will probably go up strongly and create a new HH above the start of this intervention.

HOW INTERVENTION LOOKS LIKE (M15 CHART)

Simple Intervention:

Happened exactly an hour after London Open. Three M15 Candles produced a little bit over 500 pips and intervention concluded.
(Optional) Price retraced to 50% of Fibonacci and then dropped again to where the first wave ended.

Complex Intervention:

Happened half an hour before London Close (half an hour after Frankfurt Close). First wave was 270 pips move down after which M15 candle started retracing and retraced a little bit over 100 pips. Then, another wave down produced almost 300 pips after which M15 candle started retracing and retraced around 150 pips. Third and final wave down then took place and produced 200 pips.
(Optional) Price retraced to 61.8% of Fibonacci and then dropped again even below the low intervention left.

You may as well call it a continuation of intervention which then concludes entirely.

As you may have noticed, after the intervention is concluded there is always this late blow waiting just around the corner which drops the price to either where intervention ended or even below that.

CONCLUSION:

Let's hope we will get a simple variation of intervention, because the complex one is ridiculously hard to figure out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Intervention Analysis.png Size: 17 KB
Click to Enlarge Name: Simple Intervention.png Size: 13 KB
Click to Enlarge Name: Complex Intervention.png Size: 12 KB
  • #822,456
  • Edited 9:25am Apr 21, 2024 9:07am | Edited 9:25am
Quoting Bones
{quote} You shorted the $ on the 10th only then did I ask for the update of UJ, you shorted the break like a dummy, thats why those trades are dumb as F {image} {image}

Quoting Zebi
i shorted UJ 153.15 a 4H sell signal


Quoting Zebi
{quote} put in a sl at 153 to make some money if those dipshits at the BOJ don't do or say anything and price turns back up and placed a tp at 152.50 since Im not staying up all nite and ill be happy with that profit


Quoting Zebi
{quote} {quote} only got 15 pips from my UJ short...i was expecting more bullshit to come out of the Japanese mouths yesterday greed got me I could have had 20 more pips if closed before going to sleep



please bonzey stop bein a waste basket emptier your whole life LOL

bonzey...everybody knows you're a dipshit that cant trade yourself out of a paper bag LOL

you forgot those two posts that went with my short entry that day ROFLMAO


this is why I say don't listen to him or his american magatard ewave buddy cause all they do is post charts with no explanation or analysis to them and then heckle and lie about others...so bonzey...don't be mad you had to go to work this morning to that canary wharf office to empty waste baskets and come home afterwards and lie about me....and make it look like I stayed in that exploratory short for a week LOL

so avoid the shitheads that just post charts or screenshots of profits or make posts how they made money but are all afraid to show how they do it even once in awhile LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-21 090122.png Size: 25 KB
short trump and go long the deepstate
  • #822,457
  • Apr 21, 2024 9:08am Apr 21, 2024 9:08am
Quoting Whatevs
{quote} Thanks! I have put my entire energy into JPY analysis now and don't even look at other pairs at the moment only USD pairs here and there.
that's why I join forex factory because it's hard to catch all pairs when youre zeroed in on a couple so other ideas from people trading gives me the room to check and use my strategies and enter trades
  • #822,458
  • Apr 21, 2024 9:13am Apr 21, 2024 9:13am
bonzey...i know youre not catholic so you prolly don't know but we have a sin of lying by omission...so stop being a sinner and using fox news and magatard tactics of taking my posts out of context and trying to smear me since I exposed you to be an awful trader with your calls since I just showed you I got out of that short you thot you got me with with a 15 pip win LOL

if you're gonna dig for the truth maybe you shouldn't do it inside your nose LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-21 073025.png Size: 41 KB
short trump and go long the deepstate
  • #822,459
  • Apr 21, 2024 9:20am Apr 21, 2024 9:20am
if youre gona attack me with my own posts bonzey be a mensch and post all the relevant quotes

read from the bottom up
so be careful beginners and watch out for dummies that don't contribute anything meaningful to the thread but try to smear others using shameless tactics to make themselves feel better for their own wrong calls
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-21 091816.png Size: 45 KB
Click to Enlarge Name: Screenshot 2024-04-21 091720.png Size: 46 KB
short trump and go long the deepstate
  • #822,460
  • Edited 10:29am Apr 21, 2024 9:29am | Edited 10:29am
Quoting Zebi
{quote} {quote} {quote} {quote} please bonzey stop bein a waste basket emptier your whole life LOL bonzey...everybody knows you're a dipshit that cant trade yourself out of a paper bag LOL you forgot those two posts that went with my short entry that day ROFLMAO this is why I say don't listen to him or his american magatard ewave buddy cause all they do is post charts with no explanation or analysis to them and then heckle and lie about others...so bonzey...don't be mad you had to go to work this morning to that canary wharf office to empty waste...
lol thats where you started shorting during those last 2 bullish weeks break out, who knows how many scalping updates you made, you been SHORT on the break higher when you're long term analysis is LONG.
its still 100 pips in the red from the 15th, even with Martingale, and you trigged another stupid blind short order since then.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-04-21 at 14.09.36.png Size: 54 KB
Click to Enlarge Name: Screenshot 2024-04-21 at 15.33.15.png Size: 16 KB
Click to Enlarge Name: Screenshot 2024-04-21 at 16.18.30.png Size: 82 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
342 traders viewing now, 1 is registered:
meugampong