Cable Update (GBPUSD) | Page 41334 | 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)

  • #826,661
  • May 22, 2024 10:45am May 22, 2024 10:45am
Quoting tommydoginti
{quote} What features of paid service of TradingView are you using? I found the free version more than enough for trading, better if trading with phones. 1 chart display, slight delay in chart update, this is not an issue for trading at m5 or higher. If needing more than 2 alerts and indicators the free membership provides, you can code multiple tools into 1 indi/alert. I am using one DIY indi with 4 ways to indicate chart and 2 alerts systems. It is a bit like some MT4 multi-tool or dashboard tools. trade well
it useful.
more indis, chart layout, many alerts. Seconds TF..
a lot of watchlist

lately a lot of bugs. Chart cannot upload
  • #826,662
  • May 22, 2024 10:47am May 22, 2024 10:47am
Quoting SmallGains
{quote} You are a very consistent trader. Hope to one day be just as consistent with my own trades. System that works is always the best system lol. Congrats.
If I am consistent, I would be a millianaire by this time.

No one can be consistent for that matter.

I just do scalps by seeing support and resistance as you see in my posted chart.

And book profits as soon as I see fit.

Never sleep onto trades.

Just saying the reality.

Having said, it is possible to be consistent if one says bye to trades in a day after booking daily profit. This i try to do.
Intraday only.
  • #826,663
  • May 22, 2024 10:48am May 22, 2024 10:48am
....just back @ desk updating charts. So, a false (Uk data inspired) 1st false upside b/o of Asian hi and y/day hi and a sell-ff from there - followed by a false 1st downside b/o of Asian lo, price finding buyers @ the top of the prev 1hr/minor 4hr sw lo zone = prev supp = pot supp, that extends down to y/day's 2687 lo.

4hr general uptrend still intact, 1hr 'very general' uptrend still intact.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
Trader with an Edge.
  • #826,664
  • May 22, 2024 10:53am May 22, 2024 10:53am
Quoting navk
{quote} If I am consistent, I would be a millianaire by this time. No one can be consistent for that matter. I just do scalps by seeing support and resistance as you see in my posted chart. And book profits as soon as I see fit. Never sleep onto trades. Just saying the reality. Having said, it is possible to be consistent if one says bye to trades in a day after booking daily profit. This i try to do.
Consistent doesn't always have to do with profits but more so to having a plan of when to get in and when to take profits or cut losses. When to wait and see development for for a re entry point. Profits is just a bonus to a system you have that works. I still get that itch and it clouds my judgement. Something i have to work on personally.
  • #826,665
  • May 22, 2024 10:56am May 22, 2024 10:56am
@Matteorossi

Understood and thank you.
  • #826,666
  • May 22, 2024 10:58am May 22, 2024 10:58am
Quoting SmallGains
{quote} Consistent doesn't always have to do with profits but more so to having a plan of when to get in and when to take profits or cut losses. When to wait and see development for for a re entry point. Profits is just a bonus to a system you have that works. I still get that itch and it clouds my judgement. Something i have to work on personally.
Look at the chart gbp at :

9 pm est
3 am est
5 am est
9 am est

These are the times, I get entry in gu
Intraday only.
  • #826,667
  • May 22, 2024 11:00am May 22, 2024 11:00am
Quoting Zebi2
seems theres some confusion about todays cpi look at both charts and notice the dollar didn't even react to the number while GU shot up {image} {image}
forgot your password and too dumb to figure out how emails work?
we went over this earlier this year zebi, the GBP/USD exchange rate and the dollar index are different, why are you surprised cpi has a bigger effect on GBPUSD than DXY?
  • #826,668
  • May 22, 2024 11:01am May 22, 2024 11:01am
A clue to hourly chart.

I do not see any resistance in hourly after breaking hourly resistance at 2 am est.

I shorted earlier by 30 min resistance only
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rH1.png Size: 13 KB
Intraday only.
  • #826,669
  • Edited 11:18am May 22, 2024 11:04am | Edited 11:18am
Another site gives a better/more comprehensive view of the earlier Uk cpi etc data, ie Mom and YoY.

Re Dly, from 2300 the fractal prints starting with that have been LL, H, HL, HH, L, and what will be a 2nd HH when it prints. A pretty much straight line up from the L @ 2445 to 2762 current dly hi, (317pips.) The prev dly/minor wkly sw hi zone starting @ 2709 is still intact on this dly t/f and extends down to circa 2678, = prev res = pot rbs, but is not a prev swing hi associated with the move up/uptrend from 2300 so generally lower in probability of offering rbs that will result in a new high, if tested.

Uk Cpi etc data graphic, and Dly below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Click to Enlarge Name: screenshot.png Size: 22 KB
Trader with an Edge.
  • #826,670
  • May 22, 2024 11:13am May 22, 2024 11:13am
Anyone who still keep shortting this time?
  • #826,671
  • May 22, 2024 11:20am May 22, 2024 11:20am
Seems the forex markets likes the pound with an election in a few weeks time.
Insane in the Brain..
  • #826,672
  • May 22, 2024 11:25am May 22, 2024 11:25am
Quoting BeeTogether
Seems the forex markets likes the pound with an election in a few weeks time.
UK CPI data looks better than the US data.
  • #826,673
  • May 22, 2024 11:43am May 22, 2024 11:43am
Quoting AnhKhanh
Anyone who still keep shortting this time?
.
yes
  • #826,674
  • May 22, 2024 12:23pm May 22, 2024 12:23pm
Quoting Wavegarrick
{quote} Waiting for a test of 1.2750 and above. The descending trendline is a must for bulls to overcome. Cheers. {image}
Patience is turning out well here with my buy trades holding up. 1.2750 was achieved and a sturdy rejection above 1.2750 sent the price right down to levels that bears would be interested in. I don't look at it like that. Rejection signals will have to start from the daily to the weekly timeframe. I am still looking towards a test of my 78.6% fib retracement at 1.27655 and above towards my descending trendline.
Trade Safe.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_24.png Size: 39 KB
Trade to trade another day
  • #826,675
  • May 22, 2024 12:26pm May 22, 2024 12:26pm
Quoting billGU
{quote} forgot your password and too dumb to figure out how emails work? we went over this earlier this year zebi, the GBP/USD exchange rate and the dollar index are different, why are you surprised cpi has a bigger effect on GBPUSD than DXY?
Here we go ...who said billGU name 3 times...
Attached Image (click to enlarge)
Click to Enlarge Name: d72447f9-cb66-4020-b593-f63b14adf610.jpg Size: 64 KB
  • #826,676
  • May 22, 2024 12:29pm May 22, 2024 12:29pm
Quoting Wavegarrick
{quote} Patience is turning out well here with my buy trades holding up. 1.2750 was achieved and a sturdy rejection above 1.2750 sent the price right down to levels that bears would be interested in. I don't look at it like that. Rejection signals will have to start from the daily to the weekly timeframe. I am still looking towards a test of my 78.6% fib retracement at 1.27655 and above towards my descending trendline. Trade Safe. Cheers. {image}
How do you do it Leon, everyone a winner....
Attached Image (click to enlarge)
Click to Enlarge Name: Ice Casino Online.jpg Size: 172 KB
  • #826,677
  • May 22, 2024 12:35pm May 22, 2024 12:35pm
Hey, could someone lend me a hand? I've come across what seems to be a head and shoulders pattern on both the 5 and 15-minute charts. I'm wondering if it still holds true.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #826,678
  • May 22, 2024 12:56pm May 22, 2024 12:56pm
Quoting Waveskierrob
{quote} How do you do it Leon, everyone a winner.... {image}
Waveski, most likely Dear Leon learned how to read other people's posts.
Always trade your own plan...I don't provide trading signals.
  • #826,679
  • May 22, 2024 1:10pm May 22, 2024 1:10pm
Quoting Wavegarrick
{quote} Patience is turning out well here with my buy trades holding up. 1.2750 was achieved and a sturdy rejection above 1.2750 sent the price right down to levels that bears would be interested in. I don't look at it like that. Rejection signals will have to start from the daily to the weekly timeframe. I am still looking towards a test of my 78.6% fib retracement at 1.27655 and above towards my descending trendline. Trade Safe. Cheers. {image}
hi leon, nice analysis..if i may ask, at what area you consider as reversal? Or you're still holding your longs aiming to 1.28 - 1.29 area even to 1.3?
  • #826,680
  • May 22, 2024 1:21pm May 22, 2024 1:21pm
Quoting ellliottt
{quote} after hit the target Now i can not see Any selling fvg area….so i Will use elliott wave by G.N we can not see 1.2830. Before 1.2625 gbpusd now 1.2680 sl 1.2830 150 pip…..tp 1.2625 55 pips…… so its very bad trade ….i Will not go for it… so am waiting. ….gbpusd to go up more without hit 1.2625 we have old fvg 1.2760… 1.2774 ….. if gbpusd hit this number before 1.2625. It Will be good trade sell 1.2760….1.2774 sl. 1.2830. 55…60 pips tp 1.2625. 150 pips {image}
No new update for gbpusd

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0902.jpeg Size: 892 KB
757 traders viewing now, 2 are registered:
vinesh1
,
TonyTepeli