Cable Update (GBPUSD) | Page 42252 | 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)

  • #845,021
  • Nov 11, 2024 10:22am Nov 11, 2024 10:22am
Quoting BeeTogether
Took profit at 30 pips. Bounced off too many times from the 12860 area. Trying long for 10-20 pips
why not 100?
  • #845,022
  • Nov 11, 2024 10:26am Nov 11, 2024 10:26am
Quoting Zebi
long GU 2932 everything open

im gona add a long if this 4H candle closes green in 90 minutes
short trump and go long the deepstate
  • #845,023
  • Edited 12:14pm Nov 11, 2024 10:28am | Edited 12:14pm
price still hanging there , anyway watching for breaks and hold 2871 for bottom text and may low again. take care


Now watching for 2860 breaks and hold if !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 13 KB
Click to Enlarge Name: download - 2024-11-11T220608.967.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,024
  • Nov 11, 2024 10:30am Nov 11, 2024 10:30am
Quoting Whale
{quote} why not 100?
Not sure if there is enough legs for 100. Also I’d like to be out of a trade tonight and try again tomorrow
Insane in the Brain..
  • #845,025
  • Nov 11, 2024 10:36am Nov 11, 2024 10:36am
Quoting BeeTogether
{quote} Not sure if there is enough legs for 100. Also I’d like to be out of a trade tonight and try again tomorrow
imo road to 1.375 should start in the up coming days.

1.284 is the long term boarder


and in case im wrong 1.32 is also target, so no matter what long are better here.
  • #845,026
  • Nov 11, 2024 10:37am Nov 11, 2024 10:37am
Quoting Nordling
{quote} Isn't that Bloomberg Terminal? Oh man how dare you say pairs can move when the bond markets are closed Some "experts" that claim to "know everything" may start a fight
hey man your strategy it's volume based isn't it? Fundamental and volume based?
  • #845,027
  • Nov 11, 2024 10:50am Nov 11, 2024 10:50am
good op to buy gbpusd. . Need to see if oct lows hold
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd updated nov11.PNG Size: 10 KB
  • #845,028
  • Nov 11, 2024 10:51am Nov 11, 2024 10:51am
Quoting Whale
{quote} imo road to 1.375 should start in the up coming days. 1.284 is the long term boarder and in case im wrong 1.32 is also target, so no matter what long are better here.
maybe although we need a retest of 12840 which hasn’t happened yet.
Insane in the Brain..
  • #845,029
  • Nov 11, 2024 10:52am Nov 11, 2024 10:52am
Quoting Godspromise
{quote} hey man your strategy it's volume based isn't it? Fundamental and volume based?
No mate just news/events trading, looking forward to US CPI and PPI this week
You have to have an IQ higher than 90 to interact with this user.
  • #845,030
  • Nov 11, 2024 10:57am Nov 11, 2024 10:57am
Quoting Zebi
{quote} I wont lie ....i am dejected,despondent and disheartened but instead of lying in a warm bath with a razor I'm praying to god he smites don with a heart attack before jan 20th
Meathead, there is a new medicine on the market. Please try it. Don't do stupid things; we need you here. You are the best contrarian indicator with a 95% winning rate.
Attached Image (click to enlarge)
Click to Enlarge Name: Trumpenol.PNG Size: 55 KB
Always trade your own plan...I don't provide trading signals.
  • #845,031
  • Nov 11, 2024 11:05am Nov 11, 2024 11:05am
this is the strategy for tomorrow
i lost 700 $ in 3 days
i have the last 100 $ for trading until the 7th of December
come on strategy
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 29 KB
yes yes yes
  • #845,032
  • Nov 11, 2024 11:38am Nov 11, 2024 11:38am
Quoting Nordling
{quote} No mate just news/events trading, looking forward to US CPI and PPI this week
so what's your win rate like my strategy I'm slightly shifting to volume based and trading a set time of the day and night but what do you look for when trading news if you dont mind me asking
  • #845,033
  • Nov 11, 2024 11:52am Nov 11, 2024 11:52am
Quoting Godspromise
{quote} so what's your win rate like my strategy I'm slightly shifting to volume based and trading a set time of the day and night but what do you look for when trading news if you dont mind me asking
If you dont mind me entering the chat between 2 adults, my opinion is win rate is an overrated thing in trading, as it represents past performance and has no relationship to future outcome.
But it does has a psychological impact:
Our winnings build our confidence, our losers build our beliefs.
More time in the market, does not mean you trade better!
  • #845,034
  • Nov 11, 2024 12:13pm Nov 11, 2024 12:13pm
Quoting BeeTogether
{quote} maybe although we need a retest of 12840 which hasn’t happened yet.
15 pips from today's low, not a big deal in the range i mentioned.
  • #845,035
  • Edited 12:49pm Nov 11, 2024 12:26pm | Edited 12:49pm
Gbpusd lagged behind eurusd as nr4 already burst down ! May try fast move down , at least breaks previous low !
Anyway burst is important , may next do the rest !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: download - 2024-11-11T221747.071.png Size: 12 KB
Click to Enlarge Name: download - 2024-11-11T223252.460.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,036
  • Nov 11, 2024 12:27pm Nov 11, 2024 12:27pm
Quoting Whale
{quote} 15 pips from today's low, not a big deal in the range i mentioned.
Whale, check the daily chart. There have been two consecutive days with the ID bar, and Friday's low was taken out. I'm just saying.
Always trade your own plan...I don't provide trading signals.
  • #845,037
  • Nov 11, 2024 12:41pm Nov 11, 2024 12:41pm
Quoting Godspromise
{quote} so what's your win rate like my strategy I'm slightly shifting to volume based and trading a set time of the day and night but what do you look for when trading news if you dont mind me asking
The link in my signature is my TE. It currently says i have 65% winrate with 2.45 profit factor which means i have a little over 2:1 RR on average. So i can say that news trading treats me good so far.

What do i look for? From a technical perspective, i implemented Moving Averages (special thanks to Jade) and currency strength meter to my strategy to boost the odds in my favor.

For example, let's say CPI report tells me to buy USD. It's cool but which pair should i short? Eurusd? Gbpusd? Aud? Nzd? Xauusd? Or should i go long on usdchf? Usdjpy? Usdcad? So many different options to choose from.

So i look at the short term trend on the pair. Using moving averages (thanks to Jade ) to make sure i am buying a strong pair or selling a weak one and not the other way around.

This was basically how my technical setup looks like.

My fundamental setup completely depends on the news report, i don't try to guess the report. I just wait until they are published, i read the report and decide if it's good or bad for the currency. Which is a little complicated and will take pages of comments about econometrics

I don't look at the headline numbers, you know the red or green numbers you see on the calendar are irrelevant. Because governments tend to generate(make up) those numbers to fit into their narrative & political agendas. Since headline is all media cares about.

And there are generally more important things in the report rather than the headline. For example, NFP. Permanent jobs are much more important than the headline NFP. You can have a headline NFP on steroids with many temporary jobs added, which won't prevent USD from falling bc market care about the permanent sectors more.

There are nuances like this to almost every report and i fear i have to write a book about it if i want to talk about all

Hope it helps brother
You have to have an IQ higher than 90 to interact with this user.
  • #845,038
  • Nov 11, 2024 12:48pm Nov 11, 2024 12:48pm
Quoting Fardeen1209
{quote} If you dont mind me entering the chat between 2 adults, my opinion is win rate is an overrated thing in trading, as it represents past performance and has no relationship to future outcome. But it does has a psychological impact: Our winnings build our confidence, our losers build our beliefs.
yeah winrate is overrated I ask that for a specific reason because he is trading news which is highly volatile he is successful so I'm guessing he has a high win rate
  • #845,039
  • Nov 11, 2024 1:25pm Nov 11, 2024 1:25pm
Quoting ScalaFX
{quote} Yes my friend, final target 134k
my lovely pair to trade this year
People don't plan to lose. They lose because they don't plan.
  • #845,040
  • Nov 11, 2024 3:12pm Nov 11, 2024 3:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 46 KB


Let me take my prfts here , NOW............................

2,228 traders viewing now, 4 are registered:
,
TMInvest
,
andrimaul
,
bravenewbie