Cable Update (GBPUSD) | Page 42812 | 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)

  • #856,221
  • Mar 7, 2025 4:15am Mar 7, 2025 4:15am
Quoting elude
A candlestick that has no upper shadow is known as a shaven head candlestick, which indicates that bearish pressure is dominant in the market. On the other hand, a candlestick that has no lower shadow is referred to as a shaven bottom suggesting that buyers are in control.
It's not about the interpretation, its about what happens after such interpretation... I will give you November year 2018 and March year 2024 as an example.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20250307-111354.png Size: 41 KB
Click to Enlarge Name: Screenshot_20250307-111441.png Size: 41 KB
Data + Stat + Risk/Emotions Management
  • #856,222
  • Mar 7, 2025 4:17am Mar 7, 2025 4:17am
...I don't want to re-litigate 'bullish-engulfing-gate' all over again re last Mth's mthly candle, but Monday pretty much signalled the market's intent with it's big > 30day adr bullish multi engulfing candle on the dly, making a new yrly hi. A straight line almost vertical move followed and since the current and likely wkly lo, the biggest p/back was been 58pips, such has been the 'character' (important,) of the uptrend. My point is that if you have lost money on this pairing this week you are probably doing something wrong!
Trader with an Edge.
  • #856,223
  • Mar 7, 2025 4:26am Mar 7, 2025 4:26am
Quoting Georginson
{quote} It's not about the interpretation, its about what happens after such interpretation... I will give you November year 2018 and March year 2024 as an example. {image} {image}
Yes.. Depending on how far the price has traveled.. Nobody knows the end of the course
  • #856,224
  • Mar 7, 2025 4:34am Mar 7, 2025 4:34am
Quoting Headland
...I don't want to re-litigate 'bullish-engulfing-gate' all over again re last Mth's mthly candle, but Monday pretty much signalled the market's intent with it's big > 30day adr bullish multi engulfing candle on the dly, making a new yrly hi. A straight line almost vertical move followed and since the current and likely wkly lo, the biggest p/back was been 58pips, such has been the 'character' (important,) of the uptrend. My point is that if you have lost money on this pairing this week you are probably doing something wrong!
The caveat with this interpretation is that price can show all those qualities and yet turn on a dime the next day obliterating all its gains. It's happened many times in the past. However, I agree that bullish intent was as clear as daylight after February's bullish engulfing candle.
  • #856,225
  • Mar 7, 2025 4:34am Mar 7, 2025 4:34am
Attached Image (click to enlarge)
Click to Enlarge Name: 162.png Size: 18 KB
  • #856,226
  • Mar 7, 2025 4:35am Mar 7, 2025 4:35am
Quoting ScalaFX
2901 short, will add till 2930
all active, target 200 pips or 300
People don't plan to lose. They lose because they don't plan.
  • #856,227
  • Mar 7, 2025 4:36am Mar 7, 2025 4:36am
I went to check, correlation is out. GBPAUD/AUDUSD as low as -47, and GBPUSD/USDCAD -33, hence why the latter are both bullish today.


https://www.mataf.net/en/forex/tools/correlation
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 69 KB
  • #856,228
  • Mar 7, 2025 4:38am Mar 7, 2025 4:38am
...easy enough short wasn't it,? 1/3/5min bearish regular div (amongst other technical factors,) with 15/30min /1hr osc's ' extr's - deep into the prev 1hr sw lo zone = pot sbr mentioned and shown in an earlier post. As someone once told me - '...it's divergence from price turns an oscillator from a lagging indicator into a leading indicator.'

Might we have seen the pre-NFP hi?

5min and 30min below by way of eg
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
Trader with an Edge.
  • #856,229
  • Mar 7, 2025 4:45am Mar 7, 2025 4:45am
Come on shorti
Maybe today daily R1 will this mf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2025-03-07-12-44-36-925_com.tradingview.tradingviewapp.jpg Size: 443 KB
yes yes yes
  • #856,230
  • Mar 7, 2025 4:46am Mar 7, 2025 4:46am
Quoting ScalaFX
{quote} all active, target 200 pips or 300
Why not wait till 1.3 after NFP
  • #856,231
  • Mar 7, 2025 4:53am Mar 7, 2025 4:53am
...we could see some supply emerge around here re the dly chart, if tested by price @ some point in time.

dly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Trader with an Edge.
  • #856,232
  • Mar 7, 2025 5:01am Mar 7, 2025 5:01am
NFP fry-day! Not long till we could see accounts wiped or profits made. Unless it’s a mixed bag and then it’s just a Friday night kebab and chips.

Profits ; dinner at the Ivy
neither here of there : kebab and chips
Wipe out: back to Lidl looking got yellow stickers..
Insane in the Brain..
  • #856,233
  • Mar 7, 2025 5:05am Mar 7, 2025 5:05am
Quoting Bflyfx
Long 600 pips Inverse H&S
Now it's time for the big sell off!!
We can buy in a few weeks back.
I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #856,234
  • Mar 7, 2025 5:17am Mar 7, 2025 5:17am
Quoting MoneyPrinte
GBPUSD {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
https://x.com/moneyprinte
  • #856,235
  • Mar 7, 2025 5:18am Mar 7, 2025 5:18am
Quoting Moty
Come on shorti Maybe today daily R1 will this mf {image}
Bearish volume kick in I'm targeting 2890sh zone rn
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20250307_121714_770.jpg Size: 83 KB
Consistency isn't Glamorous But That's How Legends are Made
  • #856,236
  • Mar 7, 2025 5:22am Mar 7, 2025 5:22am
Quoting JeremiaDa
{quote} Bearish volume kick in I'm targeting 2890sh zone rn {image}
typo 2870sh
Consistency isn't Glamorous But That's How Legends are Made
  • #856,237
  • Mar 7, 2025 5:30am Mar 7, 2025 5:30am
GU not providing me the entry I want with the monthly midR2 target hit too many times. I'd likely want it to go higher and hit monthly R2 but it seems stuck at the moment and USD seems to be strengthening as im long on some USD exotics. Shorted GBPCHF and EURCHF though for nice drop. Cant wait for GU to do the same
  • #856,238
  • Mar 7, 2025 5:38am Mar 7, 2025 5:38am
Quoting Georginson
{quote} It's not about the interpretation, its about what happens after such interpretation... I will give you November year 2018 and March year 2024 as an example. {image} {image}
you're on the right track, yet you failed to post the monthly situ in you're examples
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,239
  • Mar 7, 2025 5:44am Mar 7, 2025 5:44am
Quoting Reverso
{quote} What's that supposed to mean? I assume you think my reply is funny and made up? While I know I don't actually need to prove anyone anything, but I guess let me set the record straight to avoid misunderstanding for others. The MT5 broker send me daily confirmation every day, floating loss now -$7.9k while my balance is $23.8k, making my equity now became $15.9k, looks grim isn't it? The other platform I use is IBKR (Interactive Brokers) just for Buying Put Option to protect my trades in MT5. 1 option already closed in good profit at $2.8k....
you misunderstood me too I wasn't trying to judge or say anything about your trading... Your reply was just really straight forward and transparent, you won the argument with that that's why I posted the emoji
Consistency isn't Glamorous But That's How Legends are Made
  • #856,240
  • Mar 7, 2025 5:45am Mar 7, 2025 5:45am
F*ck it. Small short at 2920 GU
287 traders viewing now, 5 are registered:
,
Waveskierrob
,
Jomotron
,
,
Mrbhatti