Cable Update (GBPUSD) | Page 42947 | 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)

  • #858,921
  • Apr 29, 2025 2:52pm Apr 29, 2025 2:52pm
Quoting Ryd3n
{quote} But why you did not set a tp at the pullback level. Of course we cant monitore the screen and charts 24/7.
IMHO, this is not entirely bullish chart, we have possibility to go down little deeper.
Also my leverage is small, so i can handle some move against me.

Stay safe.
  • #858,922
  • Apr 29, 2025 5:07pm Apr 29, 2025 5:07pm
the monthly looks bullish, break above would confirm
this monthly can't be changed in 24hr
btw, harami candle has no power
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-29 at 23.03.04.png Size: 28 KB
Click to Enlarge Name: Screenshot 2025-04-29 at 23.05.49.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #858,923
  • Apr 29, 2025 5:16pm Apr 29, 2025 5:16pm
Quoting MrFanciful
That was close. That is my original SL placement. Double top has made a nice target now. {image}
start on the monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #858,924
  • Apr 29, 2025 8:47pm Apr 29, 2025 8:47pm
Not seeing anything set up on monthly pivots as everything is pretty tapped out for the month so time to switch to intraday trading which I dont really do. Much prefer swings.

For intraday I applied the same setup to weekly pivots so weekly pivots are now the main targets. Nice drop on GBPAUD from hit of Weekly mR2 to TP at weekly R1.

Price never reached H4 R1 in the next period showing weakness in uptrend and perception of value change to lower prices. CPI data certainly helped . Know where you are on the chart. William Vickrey RIP


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 38 KB
  • #858,925
  • Apr 29, 2025 9:10pm Apr 29, 2025 9:10pm
Long 1.3390
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #858,926
  • Apr 29, 2025 9:36pm Apr 29, 2025 9:36pm
In long 1.3393
tp-1. 3474
no sl

i dont see a meaningful pullback until 1.3650
dxy to test 95
  • #858,927
  • Apr 29, 2025 9:40pm Apr 29, 2025 9:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 22 KB
yes yes yes
  • #858,928
  • Apr 29, 2025 11:55pm Apr 29, 2025 11:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB


Bias = Roadmap
Structure = Terrain
Setup = Car
If your map is wrong, no matter how smooth the road or how great the car you used ..you're going the wrong way but the problem theres still no correct map,,one bad news can burn those map can and totally loss drection

Even with the best analysis, one geopolitical shock, unexpected central bank comment, or flash event can flip everything. That’s why the real edge doesn’t come from always being “right” .. it comes from how you manage being wrong.
https://x.com/moneyprinte
  • #858,929
  • Apr 30, 2025 12:27am Apr 30, 2025 12:27am
Update GA. It reached the weekly mR1. Nice scalp turning into a swing. Perception of value dictates price direction until that perception changes. When will it change I wonder?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD2.png Size: 25 KB
  • #858,930
  • Edited 2:03am Apr 30, 2025 1:50am | Edited 2:03am
Long in at 1.3405 target 9 pips
added at 1.3397
Don't trade what you think. Just what you see!!!
  • #858,931
  • Apr 30, 2025 1:55am Apr 30, 2025 1:55am
G/M, a small < 30day adr bearish dly candle y/day, (c/f Bones re his post above.) So far today, a test of y/day's lo (which was @ that prev 1hr sw hi zone = prev rbs now = pot rbs discussed y/day,) - a test and hold of the prev 1hr/4hr sw lo zone = pot supp that resulted there, in early London trading, which saw price just poke it's nose below the Asian lo and slightly deeper into that zone. Asian hi is presently the current dly hi.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Trader with an Edge.
  • #858,932
  • Apr 30, 2025 2:04am Apr 30, 2025 2:04am
Quoting MoneyPrinte
{image} Bias = Roadmap Structure = Terrain Setup = Car If your map is wrong, no matter how smooth the road or how great the car you used ..you're going the wrong way but the problem theres still no correct map,,one bad news can burn those map can and totally loss drection Even with the best analysis, one geopolitical shock, unexpected central bank comment, or flash event can flip everything. That’s why the real edge doesn’t come from always being “right” .. it comes from how you manage being wrong.
only few tick left..
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
https://x.com/moneyprinte
  • #858,933
  • Apr 30, 2025 2:23am Apr 30, 2025 2:23am
...as Bones said in his post above, it is unlikely that the 'nature' of the still forming Mthly candle - thus far bullish in nature, will change on this last trading day of the mth, - unless something extraordinary happens. So far it is a 735pip candle.

You can see on the dly t/f how price y/day @ it's lo met 'buy the dip' demand @ the bottom of the dly part of the prev 1hr/4hr/dly sw hi zone = pot rbs that starts @ last wk's 3424 hi.

Dly below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
Trader with an Edge.
  • #858,934
  • Apr 30, 2025 2:40am Apr 30, 2025 2:40am
...another marginal new current dly lo now as price dips just below the last one but still in the pot 1hr and 1hr/4hr rbs/supp zones (respectively) described in a post above. 2 x fibs there too, with Dly S1 just below them. There are fib clusters below the current dly lo, the next a 4 fib cluster 3366-58.

So, 1st upside b/o of last wk's 3424 hi proves false.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Trader with an Edge.
  • #858,935
  • Apr 30, 2025 2:43am Apr 30, 2025 2:43am
How do u guys trade investors sentiment its a huge struggle knowing this do i have to know what the hegde fund saying ect?
  • #858,936
  • Apr 30, 2025 2:49am Apr 30, 2025 2:49am
Quoting MoneyPrinte
{quote} only few tick left.. {image}
set up is already there but we are still in empty pocket..
what to do,price drop without touching the sell zone
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
https://x.com/moneyprinte
  • #858,937
  • Apr 30, 2025 2:51am Apr 30, 2025 2:51am
3365 is my current equilibrium and the price is gravitating on premium levels thus validating my yesterday's shorts
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #858,938
  • Apr 30, 2025 2:58am Apr 30, 2025 2:58am
The steepest desc 30min t/line in the prev 30min sw hi zone = prev res = pot res resulted in the last drop...again testing the prev 1hr, and 1hr/4hr sw hi and sw lo zones / 2 x fibs mentioned on posts above.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Trader with an Edge.
  • #858,939
  • Apr 30, 2025 3:12am Apr 30, 2025 3:12am
Quoting Yngwie
Long 1.3390
Closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #858,940
  • Apr 30, 2025 3:17am Apr 30, 2025 3:17am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
yes yes yes
202 traders viewing now, 1 is registered:
Marbas