Cable Update (GBPUSD) | Page 42526 | 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)

  • #850,501
  • Jan 13, 2025 3:02am Jan 13, 2025 3:02am
Jesus this is a frustrating down move.
  • #850,502
  • Jan 13, 2025 3:20am Jan 13, 2025 3:20am
Quoting Moty
Yes yes yes I had a feeling that support will hold {image}
Maybe they went back up to gain momentum
  • #850,503
  • Jan 13, 2025 3:29am Jan 13, 2025 3:29am
Long 1.2109
  • #850,504
  • Edited 4:01am Jan 13, 2025 3:40am | Edited 4:01am
G/M...my w/e analysis refers.
Quoting Headland
I don't remember a week when all 5 days' pip ranges were > the 30day adr, ...
Pretty much all down in Asia, a small p/back in early London and down again to the wkly part of the prev 4hr/ dly/wkly sw lo zone = pot supp that extends down to 2069, this coexistent and 1st test and hold of a prev dly/wkly/mthly sw lo zone = prev supp = pot supp that extends down to 2038. Wkly S1 is @/around 2073, Yrly S1 is @/around 2063, and Mthly S3 is @/around 2051 all in that zone. Dly S3 just below that pot supp zone, @/around 2027.

107% 30day adr already traveled.

EDIT: corrected typos.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
Trader with an Edge.
  • #850,505
  • Jan 13, 2025 3:42am Jan 13, 2025 3:42am
Quoting randu
Long 1.2109
i am long too
  • #850,506
  • Jan 13, 2025 3:42am Jan 13, 2025 3:42am
Quoting randu
Long 1.2109
The bears are relentless
  • #850,507
  • Jan 13, 2025 3:43am Jan 13, 2025 3:43am
The more retailers open LONG, the more these guys see reasons to keep pushing down
  • #850,508
  • Jan 13, 2025 3:52am Jan 13, 2025 3:52am
Quoting suhas316
GBP/USD -- Line chart 1 - As you see manipulation happens .. fake breakout Chances are big that it will go down... safe trade when it breaks 1.21296 for fresh entry Again this week my 2 targets are - 1.20373 and 1.18024 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
!! Radha Radha !!
  • #850,509
  • Jan 13, 2025 3:58am Jan 13, 2025 3:58am
Quoting Yngwie
Long 1.2130
hit be.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #850,510
  • Edited 4:15am Jan 13, 2025 4:04am | Edited 4:15am
...re my post above, you can see the pot supp zone (s) being challenged by price now on chart below, as described in that post.
1st last wk lo downside b/o remains true so far, as does today's Asian lo 1st downside b/o, again so far at any rate. 110% 30day adr traveled so far today now, and price @ the current dly lo, just beyond Dly S2.

EDIT: corrected typo.

wkly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Trader with an Edge.
  • #850,511
  • Jan 13, 2025 4:11am Jan 13, 2025 4:11am
Quoting suhas316
{quote} {image}
Yeah bro you are right so that's why I scalped out
  • #850,512
  • Jan 13, 2025 4:12am Jan 13, 2025 4:12am
imho this will rally now if and only if the dollar dumps. there is no reason to go up apart from this
  • #850,513
  • Jan 13, 2025 4:17am Jan 13, 2025 4:17am
come on !!!!!!!!!!!!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 14 KB
yes yes yes
  • #850,514
  • Jan 13, 2025 4:44am Jan 13, 2025 4:44am
Quoting Moty
come on !!!!!!!!!!!!!!!!!!!!! {image}
well, you should wait for confirmation when you whatch this timeframe.

Also i wonder what a shity broker do you have? Or what type graph is it?
Always follow your own shit
  • #850,515
  • Jan 13, 2025 5:03am Jan 13, 2025 5:03am
....If you are an intraday trader, on strongly uni-directional/trending days, and in strong trends like this downtrend, across so many t/f's, the highest probability anti-trend opportunities are generally when price has exceeded it's adr ( I use 30day adr,) and is beyond @ least Dly S2/R2, preferably Dly S3/R3, and of course @ pre-identified potential supp or res. Today is a good example of that. Price @ current dly lo is 110% 30day adr and beyond Dly S2, in a pot supp zone - and if drilling down to 4hr it's one that is coexistent with the prev 4hr/dly/wkly sw lo zone = pot supp that extends down to 2069, this one a prev 4hr/minor dly sw lo zone = pot supp that extends down to 2095, from way back on 1st Nov 2023. This is not to say that such an anti-trend trade will result in a complete reversal (it may do it may not,) but it may be a tradeable nice pip haul against the trend, until the main trend direction kicks in again.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Trader with an Edge.
  • #850,516
  • Jan 13, 2025 5:15am Jan 13, 2025 5:15am
Quoting birdland
monthly chart: above 1.2000 always buyers show up. but we are still in a downtrend on daily chart. {image}
Hi, nice observation

mthly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
Trader with an Edge.
  • #850,517
  • Jan 13, 2025 5:33am Jan 13, 2025 5:33am
Quoting W0lfram
{quote} + @1.228 avg 1.2587
+buy 1.212

Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
Air force
  • #850,518
  • Jan 13, 2025 5:42am Jan 13, 2025 5:42am
Come on,!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2025-01-13-13-41-35-049_net.metaquotes.metatrader4-edit.jpg Size: 538 KB
yes yes yes
  • #850,519
  • Jan 13, 2025 5:44am Jan 13, 2025 5:44am
Quoting W0lfram
{quote} +buy 1.212 Fun fact. Even if you started 2022 from buying, and bought every bearish daily candle which is below your lowest entry, you would end with profit by end of the year
You are spot on mate. This consecutive sell presents a very good buying opportunity for swing approach. The key is good money management...

✓GBPUSD has traded at 1.31 in 9 consecutive years of last 15 years.... A good zigzag pattern.
Year: 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024.
Data + Stat + Risk/Emotions Management
  • #850,520
  • Jan 13, 2025 5:45am Jan 13, 2025 5:45am
Quoting suhas316
GBP/USD -- Line chart 1 - As you see manipulation happens .. fake breakout Chances are big that it will go down... safe trade when it breaks 1.21296 for fresh entry Again this week my 2 targets are - 1.20373 and 1.18024 {image}
@suhas316 —-bhai at what level do u see chances of reversal, 1.2050 or 1.1807…or it cud go deeper down??

i also follow premanand maharaj ji, was happy to see your dp
295 traders viewing now