Cable Update (GBPUSD) | Page 42813 | 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)

  • #856,241
  • Mar 7, 2025 5:51am Mar 7, 2025 5:51am
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}
March Year 2024
Opened at 1.2613, went to a high of 1.2893 and dropped to 1.2574. This means it eventually produced a lower wick of 38 pips (overall 320 Pips drop from high)
November 2018
Opened at 1.2765, went to a high of 1.3164 and dropped to 1.2723. This means it eventually produced a lower wick of 42 pips (overall 441 Pips drop from high)

This March Year 2025 open is 1.2578, low is 1.2576... just 2 pips drop... Current high is 1.2944 being 366 pips high... If going by Year 2018 November and Year 2024 March, this current March may have open to low distance of at least 35 pips, this means 1.2578 minus 35 pips = 1.2543

The only factor that may stop 1.2543 this March is if this price action behaviour fails this time around. Fingers crossed!
Data + Stat + Risk/Emotions Management
  • #856,242
  • Mar 7, 2025 6:02am Mar 7, 2025 6:02am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-03-07 at 12.00.03.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,243
  • Mar 7, 2025 6:04am Mar 7, 2025 6:04am
Quoting sharingan9
F*ck it. Small short at 2920 GU
Hahahaha... famous last words. I know the feeling
  • #856,244
  • Mar 7, 2025 6:04am Mar 7, 2025 6:04am
You presented it with chart, that's cool. I like to present with details of the chart.
Data + Stat + Risk/Emotions Management
  • #856,245
  • Mar 7, 2025 6:06am Mar 7, 2025 6:06am
Quoting Georginson
You presented it with chart, that's cool. I like to present with details of the chart.
you cant read market conditions like that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,246
  • Mar 7, 2025 6:07am Mar 7, 2025 6:07am
Quoting Georginson
{quote} March Year 2024 Opened at 1.2613, went to a high of 1.2893 and dropped to 1.2574. This means it eventually produced a lower wick of 38 pips (overall 320 Pips drop from high) November 2018 Opened at 1.2765, went to a high of 1.3164 and dropped to 1.2723. This means it eventually produced a lower wick of 42 pips (overall 441 Pips drop from high) This March Year 2025 open is 1.2578, low is 1.2576... just 2 pips drop... Current high is 1.2944 being 366 pips high... If going by Year 2018 November and Year 2024 March, this current March may have...
And monthly pivot 2513 was not touched. Rare for the pivot not to touch. I have decided to only sell when the MAs give the signal. I don't use MAs to trade. But this time I will have to use them because although they give late signals they can be reliable if used correctly.
  • #856,247
  • Mar 7, 2025 6:09am Mar 7, 2025 6:09am
Quoting Bones
{quote} you cant read market conditions like that
That's how many statisticians read the market. Only figures. No charts. Probabilities and a lot of fundamentals.
  • #856,248
  • Mar 7, 2025 6:10am Mar 7, 2025 6:10am
Quoting Mitiblotch
{quote} That's how many statisticians read the market. Only figures. No charts. Probabilities and a lot of fundamentals.
lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,249
  • Mar 7, 2025 6:12am Mar 7, 2025 6:12am
Quoting Mitiblotch
{quote} That's how many statisticians read the market. Only figures. No charts. Probabilities and a lot of fundamentals.
what someone in a bank with a banks resources
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,250
  • Mar 7, 2025 6:14am Mar 7, 2025 6:14am
you guys are after the signal for a start, you have to read 3 reasonable timeframes, no fingers required
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-03-07 at 12.11.34.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,251
  • Mar 7, 2025 6:34am Mar 7, 2025 6:34am
Quoting ThaoAnh
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: 163.png Size: 16 KB
  • #856,252
  • Mar 7, 2025 6:44am Mar 7, 2025 6:44am
Gut feeling it's neutral jobs, but the next one is definitely red.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #856,253
  • Mar 7, 2025 6:48am Mar 7, 2025 6:48am
My system tells me that GU is in the potential zone for the end of wave C, and we have a pattern (ABC), price (zone), and time for at least a temporary pullback. As always, follow what you understand.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 03.07 daily.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #856,254
  • Mar 7, 2025 6:52am Mar 7, 2025 6:52am
GBPUSD: Yesterday's sell zones are already broken based on today's narrative (red triple lines + blue rectangle). Broken and considered BUY based on Price Action.

GBPJPY: Today's narrative is still inside yesterday's equilibrium. Break above considered BUY, and if break below, considered SELL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Click to Enlarge Name: screenshot.png Size: 15 KB
Look right, we'll see the signs
  • #856,255
  • Mar 7, 2025 6:53am Mar 7, 2025 6:53am
Quoting Mitiblotch
{quote} Hahahaha... famous last words. I know the feeling
Right? lol. There are times where Ive analyzed something for an hour and came up with all sorts of reason why I shouldn't pull the trigger only to just jump in hahaha
  • #856,256
  • Mar 7, 2025 7:32am Mar 7, 2025 7:32am
Quick book the Ivy! Ok don’t
Insane in the Brain..
  • #856,257
  • Mar 7, 2025 7:32am Mar 7, 2025 7:32am
Quoting ScalaFX
2901 short, will add till 2930
managing
People don't plan to lose. They lose because they don't plan.
  • #856,258
  • Mar 7, 2025 7:35am Mar 7, 2025 7:35am
Quoting ScalaFX
{quote} managing
wild, closed be reentry 2930 will add to 2950-55
People don't plan to lose. They lose because they don't plan.
  • #856,259
  • Mar 7, 2025 7:37am Mar 7, 2025 7:37am
Quoting ScalaFX
{quote} wild, closed be reentry 2930 will add to 2950-55
We getting to 1.3
  • #856,260
  • Mar 7, 2025 7:37am Mar 7, 2025 7:37am
If you look at this March candle, the conditions clearly range; you can't see that with a list of numbers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-03-07 at 13.35.55.png Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
212 traders viewing now