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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

Quoting HaLBot
{quote} Yes puts it into perspective I have some knowledge plus a love for all things space and space travel and it saddens me a lot to think we still squabbling over the 3rd rock from the sun when we could at least be expanding out into the solar system and when we develop better propulsion systems venture beyond the system
I doubt that all of our solar system was meant to be explored physically. Maybe astrally or spiritually, yes. The astral part is easiest and everyone could do it and we don't have to pay for rocket fuel and expensive jet fees.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} I doubt that all of our solar system was meant to be explored physically. Maybe astrally or spiritually, yes. The astral part is easiest and everyone could do it and we don't have to pay for rocket fuel and expensive jet fees.

Konstantin Tsiolkovsky 1857-1935

"Earth is the cradle of humanity but one cannot live in the cradle forever"
We need a Quantum leap in understanding here
GU still needs to interact with the resistance near 1.32800/1.33300 and upward before any downward strike. However the support near 1.3200 could be tp for short term rallies but I rather buy now than sell today bought 1.32200 for 1.32700 sl 20
Keep the Lights on then you can catch the rise from the dark.
Quoting Godspromise
{quote} 45k?
I bought BTC here at 59759
Quoting HaLBot
{quote} Konstantin Tsiolkovsky 1857-1935 "Earth is the cradle of humanity but one cannot live in the cradle forever"
Astral movements is part of human living and consciousness. It's so beautiful and movement is at the speed of thought.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting ricmaj
GU still needs to interact with the resistance near 1.32800/1.33300 and upward before any downward strike. However the support near 1.3200 could be tp for short term rallies but I rather buy now than sell today bought 1.32200 for 1.32700 sl 20
Alright, let's see
This is why I shoted GU.

Now, NYO, May reverse.
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Intraday only.
G/M. Price @ y/day's 3266 hi (also the current wkly/mthly/yrly hi,) ran into a couple of longer-term fibs in the confluence of aprev mthly sw lo zone = pot sbr (that extends to circa 3280,) -and- a prev dly/wkly sw hi zone = pot res, - this extends to 3298. These were discussed over the w/e here.

Price this mth so far has traveled 179% of the 6mth amr. Yrly R1 is @/around 3314. The year's pip range so far is 2300-3266 so 966 pips. I guess Georginson might be able to tell us how this fits the average (s?)

mthly then wkly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
...could see only the 2nd HL in the run up from 2665, (after the one @ 2798,) created by close of today's dly candle on that t/f (@ y/day's [current wkly] 3180 lo, -and/or- a 2nd HH @ y/day's 3266 hi, (after the one @ 3230,) all dependent on close of today's dly candle. The red fib shown on chart is the one that is plotted from 2665- said 3266.

dly below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Watching pa , at least some correction at top.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
13215 seems to be supporting..
Insane in the Brain..
Quoting trumps
coming up to monthly resistance area around 3260 area. Am thinking a bearish reaction after this straight up run is likely.
Next question is, how low will it go?
Compulsions can be hard to resist
Quoting genadi
{quote} I bought BTC here at 59759
I just woke up and saw the reversal pattern I bought as well tak profit 63k
ok bought again to go to 63k on the open of the new 4 hr btc
Quoting Godspromise
{quote} I just woke up and saw the reversal pattern I bought as well tak profit 63k
Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4

Probably will go to 63k to retest what it just broke down
Follow The Markets Structure - Patience and Discipline
...a false 2nd downside b/o of the Asian lo, with support found @ a 61.8% fib (on 1hr,) and a small rise up - where sbr is encountered ( again see 1hr below.) Asian hi (just below y/day's hi,) remains the current dly hi as of right now.

4hr/1hr below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting trumps
{quote} Next question is, how low will it go?
1.0000
...it is what it is
Quoting pipfarm
{quote} Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4 Probably will go to 63k to retest what it just broke down
that's why I'm taking profits at 63k I doubt it will pass that 1 hour zone drop for further continuation to 54k then break of that daily structure to 45k for me it's just a temporary correction back into the 63k zone
Quoting pipfarm
{quote} Are you sure that is a reversal pattern it looks more like a upside correction for downside continuation to 4500 where the last correction pattern in the uptrend is located on H4 Probably will go to 63k to retest what it just broke down
but I believe your are exactly right did you see gbpaud it dropped like a cannon ball I knew it but I left the trade early
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Together we can be strongest
  •  Luxyus
  • Joined Dec 2020 | Status: training myself to make a miracle | 753 Posts | Online Now
Quoting Luxyus
..FX market overstreched cant last so long, ATR on monthly is overwhelmed.....dollar at discount???
chaos is just unknown order
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