Cable Update (GBPUSD) | Page 42568 | 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)

  • #851,341
  • Jan 22, 2025 12:21am Jan 22, 2025 12:21am
No short & no long.
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #851,342
  • Jan 22, 2025 12:40am Jan 22, 2025 12:40am
Quoting Vcv13
No short & no long.
accept.
Just watching
A little beginner trader since 2006
  • #851,343
  • Jan 22, 2025 12:48am Jan 22, 2025 12:48am
Quoting Pat Chiko
Trading's a mind game. 90% mental, 10% charts. {image} Even if you have a killer strategy but your brain's not wired right, you're fucked. Know your own BS and have iron discipline. Fix your head, then worry about your wallet.
bullsh!t, they use SL but much higher than you can imagine same with those numbers plus they can afford it.
But yes the picture made me laugh...
Always follow your own shit
  • #851,344
  • Jan 22, 2025 12:51am Jan 22, 2025 12:51am
G/M. Big recovery y/day off the 61.8% of the previous day's bullish thrust candle to record a new current wkly hi @ 2360, resulting in a bullish-bodied dly candle. So far today an attempt to get north of the prev 1hr/minor 4hr sw hi zone = pot res leading to it was met with sellers, and early London made a slight false 1st downside b/o of Asian lo to the current dly lo.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Trader with an Edge.
  • #851,345
  • Jan 22, 2025 12:53am Jan 22, 2025 12:53am
not as good as yesterday, but I'll live...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250122-084715_IG Trading.jpg Size: 420 KB
  • #851,346
  • Jan 22, 2025 12:56am Jan 22, 2025 12:56am
...the wkly part of that prev sw lo zone that starts @ last yr's 2300 lo extends up to circa 2361...y/day's hi was in it. @ Y/day's hi a couple of prev 1hr/minor 4hr sw hi zones = prev res = pot res and a 50% fib, where those sellers were met.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
Trader with an Edge.
  • #851,347
  • Edited 1:15am Jan 22, 2025 1:05am | Edited 1:15am
BUYING GU and NZDCAD
I also bought US30

Open trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_2694.png Size: 30 KB
Click to Enlarge Name: IMG_2695.png Size: 25 KB
Click to Enlarge Name: IMG_2696.png Size: 22 KB
My telegram: https://t.me/avidforex
  • #851,348
  • Jan 22, 2025 1:13am Jan 22, 2025 1:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 460.png Size: 16 KB
  • #851,349
  • Jan 22, 2025 1:14am Jan 22, 2025 1:14am
Quoting Dutchy3
{quote} GBP seems to be holding D1 move, accumulated LONG on H1 dip with D1 trade view{image}
GBP on a slower TF may indicate reasons to be specifically LONG ....
Attached Image (click to enlarge)
Click to Enlarge Name: 20250122 WK1.png Size: 25 KB
  • #851,350
  • Edited 1:31am Jan 22, 2025 1:16am | Edited 1:31am
...2nd upside b/o of last wk's 2308 hi remains true for now @ least. Is the market ultimately looking for an upside b/o of Asian hi/current dly hi then y/day's hi / current wkly hi? We'll see.

EDIT: corrected typo.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
Trader with an Edge.
  • #851,351
  • Jan 22, 2025 1:24am Jan 22, 2025 1:24am
Sold GBPUSD at 1.2350 ... Target 1.2280... second sell limit at 1.2420.
Data + Stat + Risk/Emotions Management
  • #851,352
  • Edited 1:38am Jan 22, 2025 1:28am | Edited 1:38am
....next longer-term fib cluster to the upside (3) is 2413-15 which includes 23.6% of the main 3434 (last yr's hi) - 2100 (current yr lo) move.
Ahead of that more medium and longer-term fibs, including the 38.2% of the 2811-2100 major longer-term move @ 2373. Dly R1 & Wkly R2 are @/around 2399.
Challenging pot res zone to y/day hi right now.

EDIT: Added Wkly R2.
Trader with an Edge.
  • #851,353
  • Jan 22, 2025 1:30am Jan 22, 2025 1:30am
So anyone know why, as soon as Trump is inaugurated, the world suddenly doesn't want dollars? It's not as if was a sudden unexpected event.
  • #851,354
  • Jan 22, 2025 1:33am Jan 22, 2025 1:33am
Quoting MrFanciful
So anyone know why, as soon as Trump is inaugurated, the world suddenly doesn't want dollars? It's not as if was a sudden unexpected event.
Hi, ask Zebi next time he is here....re his 'famous' chart showing effect of dem -vs- rep presidents on the $'s fortunes.
Trader with an Edge.
  • #851,355
  • Jan 22, 2025 1:41am Jan 22, 2025 1:41am
Quoting Headland
{quote} Hi, ask Zebi next time he is here....re his 'famous' chart showing effect of dem -vs- rep presidents on the $'s fortunes.
I just don't want the pound to recover. That would give our current communist government some respite.
  • #851,356
  • Jan 22, 2025 1:47am Jan 22, 2025 1:47am
Quoting Headland
....next longer-term fib cluster to the upside (3) is 2413-15 which includes 23.6% of the main 3434 (last yr's hi) - 2100 (current yr lo) move. Ahead of that more medium and longer-term fibs, including the 38.2% of the 2811-2100 major longer-term move @ 2373. Dly R1 & Wkly R2 are @/around 2399. Challenging pot res zone to y/day hi right now. EDIT: Added Wkly R2.
was just about to post this.
good stuff Headland.
Compulsions can be hard to resist
  • #851,357
  • Jan 22, 2025 1:58am Jan 22, 2025 1:58am
...so, clusters of potential res factors to the upside are:

2392-99 fib and Dly R1 and Wkly R2
2413-15 3 fib cluster
(2445 Dly R2)
2455-63 3 fib cluster
2487-91 2 x fibs and Wkly R3.
Trader with an Edge.
  • #851,358
  • Jan 22, 2025 2:02am Jan 22, 2025 2:02am
Quoting Zebi
i went long the daily candle when it closed above my red line https://www.forexfactory.com/attachm...5?d=1735336727 and some of you may be wondering why did that jerkoff zebi add longs at 2550-2540 and wanted to add at 2530 but I cancelled that limit order so ill tell u guys that red line is 2543 so I placed orders above at and wanted to below that signal line since I expected price to bounce off that level like it is doing now what was a surprise was the extra push down prolly by some junior trader at a bank...
Quoting Zebi
{quote} welp...got stopped out -80 pips ...guess bidens economy much stronger than I thot
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Quoting Zebi
{quote} went long 2520 and will buy every daily buy signal I get
Quoting Zebi
{quote} just added long at 2363 if price closes above today's daily midpoint ill add another long
Quoting Zebi
a close above fridays high and ill start adding longs and averaging down my deep underwater position
well that's the chronology of my longs and bullish bias the last 3 weeks

i sat thru a 400 pip DD and just added some longs Monday night after that huge Monday candle so my average is 2373 which is just 10 pips from even LOLbut I didn't announce it in here so wont be bring it up again...ill add a long during NY session cause have a target at 2550 that needs to get touched

the dollar chart looks bearish to my eyes and with such a great man in office I'm sure the dollar gona drop like a rock for 4 years LOL

I started buying GU 3 weeks too early in hindsite but had to take my systems buy signals cause that's all I know how to do...follow my chart signals

I'm gonna just trade daily forex charts for the next 6 months cause I'm still teaching my gf and we're on to phase two of her lessons.... earnings season starting so ill be primarily scalping stocks till earnings are over so she gets a feel how that all works

with my average at 2373 I feel invigorated and can stop yelling at and blaming her for everything

my chart says GU shud get to 3200 in the next couple months about the time trump invades panama LOL

ill keep posting but not as much as before till earnings season ends
short trump and go long the deepstate
  • #851,359
  • Jan 22, 2025 2:08am Jan 22, 2025 2:08am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB


I am long BUT will close trades SOON , on strength..............

  • #851,360
  • Jan 22, 2025 2:16am Jan 22, 2025 2:16am
...price @ current dly hi is challenging those prev 1hr/4hr minor sw hi zones = prev res = pot res that extend up to 2376/77, mentioned earlier, but also the dly part of the prev 1hr/4hr/dly sw lo zone = pot sbr that began @ 2351, - testing right @ top of it @ current dly hi - which is just short of that 38.2% of 2811-2100 move.

dly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
1,205 traders viewing now, 2 are registered:
Mikz
,
Zenitsu