Cable Update (GBPUSD) | Page 41903 | 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)

  • #838,041
  • Sep 12, 2024 11:37pm Sep 12, 2024 11:37pm
shorted 3150
People don't plan to lose. They lose because they don't plan.
  • #838,042
  • Sep 13, 2024 12:32am Sep 13, 2024 12:32am
Quoting JackintheBox
{quote} @Mitiblotch and @TheHusla are both correct. Market is manipulated in a certain degree. I can give you an example: If you want to put quotes in your favour you often use overnight transactions on low volume. Of course the other big boys now that technique and can rip off your shirt on london open but most times they don't do that... reason is they also earn on that ,- if their main position of the last days in in plus due to the market manipulation over night. It's a "gentle man" agreement. Hard to prove and of course it is illegal but that's...
It's a pure erroneous impression to believe that market is being manipulated by anybody. The big banks, huge fund &. hedged fund and strong news which includes NFP & Interest rate releases.

The truth which is difficult to believe is that market is moved around by smart brain who are scattered round the world but interconnected through internet connectivity into decentralized FX market.

The first issue in Forex trading is the traders mindset and inability to manage risk effectively. This is because there is always an alternative clear direction which can actually serve as a profitable opportunity.

It's key to also state that I used to believe in that concept of manipulation until I Crossover to full profitability. And once a trader has an updated strategy/information the less believe in certain concept.

The greatest enemy in Forex market has always being myself not any manipulator.

Good morning mates and trust there will be a nice pips to grab today.

We are at an ideal zone to go short GBPUSD in anticipation to pick profit at 1.2967. However 4hr.RSI may not crossover below 50 which may eventually lead to continuation to the upside.

Let's play safe with proper risk management.

Good luck.
Market Structure is the King.....
  • #838,043
  • Sep 13, 2024 12:43am Sep 13, 2024 12:43am
3 days ago Cable printed an indecision candle then yesterday printed a bullish engulfing and then today so far has printed a bullish candle with a shaven end.....
Wondering why bears think this is going to head south, maybe living on hopium or been listening to much to Zebi who hasn't got it right in months
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Don't Leave Money on the Table
  • #838,044
  • Sep 13, 2024 12:47am Sep 13, 2024 12:47am
In my opinion the only thing that could have a big impact on price today is this
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
Don't Leave Money on the Table
  • #838,045
  • Sep 13, 2024 12:57am Sep 13, 2024 12:57am
Quoting HaLBot
In my opinion the only thing that could have a big impact on price today is this {image}
even that is a mild one. It went up by over a 100 pips out of the blue. Well after the data releases. The only thing is market rumblings of a 0.5 cut which wouldn’t make sense as the US data releases have been largely green. Or this is a massive liquidity grab for next week.
Insane in the Brain..
  • #838,046
  • Sep 13, 2024 1:02am Sep 13, 2024 1:02am
Give me the signal mf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-09-13-09-01-38-703_net.metaquotes.metatrader4-edit.jpg Size: 532 KB
yes yes yes
  • #838,047
  • Sep 13, 2024 1:06am Sep 13, 2024 1:06am
Start selling 1.3147
  • #838,048
  • Sep 13, 2024 1:24am Sep 13, 2024 1:24am
Quoting BeeTogether
{quote} even that is a mild one. It went up by over a 100 pips out of the blue. Well after the data releases. The only thing is market rumblings of a 0.5 cut which wouldn’t make sense as the US data releases have been largely green. Or this is a massive liquidity grab for next week.
September will end heavily bearish. That's my take with this rise. I have seen this countless times to know. Now after the cut price will sink. If they had taken it down after cut price would have risen. ri's a buy the rumour sell the fact kind of move. Does it look ramdom that random people decided to push price over 100 random pips against random data?

Edit: my short SL hit at 3120 overnight. I have sold again at 3145 and will keep selling till 3200 for a move to below 2900. Only a weekly close above 3200 will change my mind and not this week, next week.
  • #838,049
  • Sep 13, 2024 1:28am Sep 13, 2024 1:28am
Quoting HaLBot
3 days ago Cable printed an indecision candle then yesterday printed a bullish engulfing and then today so far has printed a bullish candle with a shaven end..... Wondering why bears think this is going to head south, maybe living on hopium or been listening to much to Zebi who hasn't got it right in months {image}
I have been wondering which candle you have been referring to as an indecision candle since yesterday. The candle you speak of is a full bodied red candle with wicks on both sides. That's bearish and not indecision. Or are you referring to Tuesday's candle which was a doji of sorts?
  • #838,050
  • Sep 13, 2024 1:32am Sep 13, 2024 1:32am
Quoting Moty
Give me the signal mf {image}
ok , ty this is the signal of the year
2582 here i come
First tp is 7.5 pts
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-09-13-09-31-20-999_com.tradingview.tradingviewapp-edit.jpg Size: 412 KB
yes yes yes
  • #838,051
  • Sep 13, 2024 1:34am Sep 13, 2024 1:34am
Quoting Abeylyn
{quote} It's a pure erroneous impression to believe that market is being manipulated by anybody. The big banks, huge fund &. hedged fund and strong news which includes NFP & Interest rate releases. The truth which is difficult to believe is that market is moved around by smart brain who are scattered round the world but interconnected through internet connectivity into decentralized FX market. The first issue in Forex trading is the traders mindset and inability to manage risk effectively. This is because there is always an alternative clear...
Some of us are bloody profitable. Profitability is not a yardstick to determine the veracity of your claims. So long as you are not one of the biggest banks, you have absolutely no idea of the truth of the market, just like every one of us here.

Our beliefs have nothing to do with the truth. It is said that all truth is parallel. If there are governments to regulate the affairs of a nations, and the United Nations to regulate most nations under the sun, then you better believe that the Forex market is controlled. The level of interference of this control mechanism may be kept at barest minimum, but can be applied to regulate the market in the event of a sinister event, or for the benefit of a certain people or ideology. Your idea that the market is run by smart people scattered around the globe doesn't fit in with reality.

My point? You do NOT know the truth of the market like you claim. I don't know it either. None of us does!
  • #838,052
  • Edited 3:10am Sep 13, 2024 1:46am | Edited 3:10am
Watching bull channel , getting resistance at last ! If enough reactions at supports ! Specially over 3128/22 , if fails then 3100 may retest ! Or top fail!
Attached Image (click to enlarge)
Click to Enlarge Name: download - 2024-09-13T104136.787.png Size: 20 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,053
  • Sep 13, 2024 1:53am Sep 13, 2024 1:53am
Quoting Mitiblotch
{quote} I have been wondering which candle you have been referring to as an indecision candle since yesterday. The candle you speak of is a full bodied red candle with wicks on both sides. That's bearish and not indecision. Or are you referring to Tuesday's candle which was a doji of sorts?

Doesn't matter if it is a red candle fact is it's an indecision candle with equal wicks top and bottom so neither bears or bulls in control. Then the following candle is bullish engulfing.
Not sure why you can't see it as an indecision candle
I said as much yesterday before the pump and what happened?? It pumped because bears were not in control, not me saying it, the charts saying it

You might know it as something else but when there is equal wicks I call it an indecision candle
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Don't Leave Money on the Table
  • #838,054
  • Sep 13, 2024 1:54am Sep 13, 2024 1:54am
Quoting Abeylyn
{quote} It's a pure erroneous impression to believe that market is being manipulated by anybody. The big banks, huge fund &. hedged fund and strong news which includes NFP & Interest rate releases. The truth which is difficult to believe is that market is moved around by smart brain who are scattered round the world but interconnected through internet connectivity into decentralized FX market. The first issue in Forex trading is the traders mindset and inability to manage risk effectively. This is because there is always an alternative clear direction...
If manipulation is viewed as just price movement along certain pattern, there can be a better understanding of what is happening.

FX market is likened to someone going to a war front and must be equipped with all necessary machinery to be successful.

But let's compare it with a football game. Team A may go in straight to score a goal against B or alternatively team B can take over from A and score against them. Most important phenomena here is that the point where the ball is taken over from A by team B can be seen and this will occur earlier before further damage.

In the current analysis of GBPUSD, despite the fact that market has not shown any signal of range trade, we have series of support needed to be broken before price can touch 1.2967 TP. And Price may reverse at any of this support to continue it's upside movement. The most important here is spotting the areas where likely support are located and applying Risk Management Techniques.

I hope 4hr. RSI should go below 50 and price should break all barriers and take me to 1.2967
Market Structure is the King.....
  • #838,055
  • Sep 13, 2024 1:54am Sep 13, 2024 1:54am
Quoting Moty
{quote}ok , ty this is the signal of the year 2582 here i come First tp is 7.5 pts {image}
Still no signal , dx need to close its gap and make a pullback
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-09-13-09-52-35-024_net.metaquotes.metatrader4-edit.jpg Size: 629 KB
yes yes yes
  • #838,056
  • Sep 13, 2024 2:04am Sep 13, 2024 2:04am
Quoting Mitiblotch
{quote} Some of us are bloody profitable. Profitability is not a yardstick to determine the veracity of your claims. So long as you are not one of the biggest banks, you have absolutely no idea of the truth of the market, just like every one of us here. Our beliefs have nothing to do with the truth. It is said that all truth is parallel. If there are governments to regulate the affairs of a nations, and the United Nations to regulate most nations under the sun, then you better believe that the Forex market is controlled. The level of interference...
I traded with the bank for several years and currently an Hedged Fund manager after retirement. Not here to boast dear brotherly because I am open to new ideas on daily basis.

The concept in the banking as regards FX is different from what is in circulation.

Have a happy day trading.
Market Structure is the King.....
  • #838,057
  • Sep 13, 2024 2:08am Sep 13, 2024 2:08am
Quoting HaLBot
{quote} Doesn't matter if it is a red candle fact is it's an indecision candle with equal wicks top and bottom so neither bears or bulls in control. Then the following candle is bullish engulfing. Not sure why you can't see it as an indecision candle I said as much yesterday before the pump and what happened?? It pumped because bears were not in control, not me saying it, the charts saying it You might know it as something else but when there is equal wicks I call it an indecision candle {image}
Equal wicks on a big bodied candle is not indecision. Even the image you posted disagreed with you. For a candle to be an indecision candle it has to have a small body and wicks on both sides just like the candle of Tuesday. There is no forex website or book that will describe Wednesday's candle in your chart as an indecision candle. The indecision is Tuesday's.
  • #838,058
  • Sep 13, 2024 2:11am Sep 13, 2024 2:11am
Quoting Abeylyn
{quote} I traded with the bank for several years and currently an Hedged Fund manager after retirement. Not here to boast dear brotherly because I am open to new ideas on daily basis. The concept in the banking as regards FX is different from what is in circulation. Have a happy day trading.
I give you your respect as a hedge fund manager. I don't know the size of your funds and the access you have. I wouldn't want to debate further on this, as I do not agree with your position.
  • #838,059
  • Sep 13, 2024 2:11am Sep 13, 2024 2:11am
Quoting trumps
{quote} what is the point of trend lines and channels if markets are totally random?
This is an interesting question that I've thought about in some depth.
In all forms of representation of mass consciousness there seem to be symmetries that emerge. Why? Who knows?
This is apparent in all forms of nature and being found in physics.
The FX market is the biggest in the world and therefore demonstrates this.
It's important to note that trend lines can't always be drawn on all pairs. So again this is something that "appears" under certain conditions.
Basic Symmetry seems to give good clues to the direction of the market. For example a break of structure often coincides with a break of a TL. So it's also a good proxy for structure.

Just to be clear I'm not saying things are completely random, I'm saying that we trade the moments of clarity when the transaction flow of the NET participants print the patterns we look for.

If there was a cabal hunting all our stops in the market then NO ONE would be profitable and the same can be said true if it's 100% random ALL the time.
However within the randomness patterns do emerge within a probabilistic landscape. Our job is to navigate that.
The HTF gives us clues on the order flow of the NET participants but it doesn't tell us it will continue, this is the assumption we make.
  • #838,060
  • Sep 13, 2024 2:13am Sep 13, 2024 2:13am
Quoting JackintheBox
{quote} @Mitiblotch and @TheHusla are both correct. Market is manipulated in a certain degree. I can give you an example: If you want to put quotes in your favour you often use overnight transactions on low volume. Of course the other big boys now that technique and can rip off your shirt on london open but most times they don't do that... reason is they also earn on that ,- if their main position of the last days in in plus due to the market manipulation over night. It's a "gentle man" agreement. Hard to prove and of course it is illegal but that's...
Right this is also what happens around around NY market close when LQ is very low which is why you see spikes around that time. However if just trade outside of these "low liquidity" times then you can easily avoid this.
200 traders viewing now