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Why is GBPUSD called cable? 67 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting DubaiFX
{quote} hi E can you please help me understand one thing, last week you told me i was wrong about buying Pound and you were selling for 1.47 area, and after a day you were buying and now you are saying Sell off, do you change you direction every day or every 4 hours?? i am just asking bro, i dont understand people who are shifting their analysis in manner of minutes if currency jump and if some was following your trade what about them?? what should they do, i have my analysis at least i am looking at big trend and stick to my analysis so i will...
This is very simple, I don't think E trades, he just loves to coach and post charts with tailored lines to support his opinions.

I personally went thru this discussion with him before and realized that he prefers demo accounts coz they are lower risk.
Quoting Tradezilla
{quote} This is very simple, I don't think E trades, he just loves to coach and post charts with tailored lines to support his opinions. I personally went thru this discussion with him before and realized that he prefers demo accounts coz they are lower risk.
Lower risk and higher reward.

Looks like lot of punters from Dubai around here Including me.
5220 seems support instead resistance!!!
Quoting shiva
Looks like lot of punters from Dubai around here Including me.
Cool! You trade from dubai? There are very few over here that believes in currency trading and to be honest its very rare to meet good traders! Specially amongst emaraties
Quoting _BBKing_
did a bit refresh in cable chart. looks like mkt built the lower TL. there is an increasing power in demand: the lower we go... the stronger the bounce. below here supports come in 4630-40 (yesterday lows) and 4480 // 4250 (the blue area) if mkt will keep following this pattern, i will keep looking for buy opportunities till the 1.43. {image} while in case of breakout on the downside of lower TL i will stop my longs and wait for price to re - login into previous session (the picture shows what i mean) {image}

i just wanted to quoted my post so to show the before and after the facts.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot2.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.png Size: 21 KB

i collected a lot of profits in this study.
went long many times and collected around 1.48 and 1.50
finally got entries again in lower 1.46 and collected whole 1.52.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.png Size: 27 KB


not sure price will go straight up.
let's see!
will be looking for an entry in 1.50 area maybe to tgt 1.55?
new month will be better
Yesterday was the past
Quoting fxmasterdxb
{quote} It's certainly time for some relief in the rally shorted 1.5240 looking for 1.5185 at least Btw do u trade from dubai?
Yes from both sometimes i am in Dubai sometimes traveling. but mostly in dubai why??
are you Emarati?? muatan, Local?
https://www.myfxbook.com/members/PipSniper/steady-trader/9335176
Quoting DubaiFX
{quote} Yes from both sometimes i am in Dubai sometimes traveling. but mostly in dubai why?? are you Emarati?? muatan, Local?
Only wondering! Its good to see people trading from your city, lol yes im local, muaten & emarati lol
Quoting fxmasterdxb
{quote} Cool! You trade from dubai? There are very few over here that believes in currency trading and to be honest its very rare to meet good traders! Specially amongst emaraties
Emarati are not bad people believe me the problem is most of them are balouch and From Iran who got Emirates Nationality and their noses are on their head but if you meet real Emarati you will see the diferrence, anyways i am not 100% emarati My mother is from Pakistan My father is from Oman and he got Emirates nationality long time ago, and i work in Dubai Police and i can say some are bad some are good as in any country in the world, but majority are good people brother.
anyways good luck ot you all, and yes
i got some information iam looking into it, and if this is right then all BUY or LONg GBPUSD or any Pound buy pairs will drop tomorrow there is a 2 Billion$ at stake here with some big players, i will let you know tomorrow, be very very careful it can drop to 1.5110 in matter of hours i promise you that.
good Luck and if that is right i will be here trading tomorrow
https://www.myfxbook.com/members/PipSniper/steady-trader/9335176
Quoting fxmasterdxb
{quote} Cool! You trade from dubai? There are very few over here that believes in currency trading and to be honest its very rare to meet good traders! Specially amongst emaraties
Yes I trade from Dxb, I am an expat though, not an Emirati My name is a hint
Quoting DubaiFX
{quote} Emarati are not bad people believe me the problem is most of them are balouch and From Iran who got Emirates Nationality and their noses are on their head but if you meet real Emarati you will see the diferrence, anyways i am not 100% emarati My mother is from Pakistan My father is from Oman and he got Emirates nationality long time ago, and i work in Dubai Police and i can say some are bad some are good as in any country in the world, but majority are good people brother. anyways good luck ot you all, and yes i got some information iam...
I am not sure I want to be in any GBP positions, this being NFP week and UK elections breathing down upon us
Quoting shiva
{quote} Yes I trade from Dxb, I am an expat though, not an Emirati My name is a hint
Cool! Yeah i can tell from your name its nice though to meet traders trading from dubai
Anyway enough talking about dubai (although it's worth spending a whole day talking about it ) and back to cable, i see big potential of bearish move, probably beyond my intial target of 1.5185! Lets see
Good luck
Quoting DubaiFX
{quote} Emarati are not bad people believe me the problem is most of them are balouch and From Iran who got Emirates Nationality and their noses are on their head but if you meet real Emarati you will see the diferrence, anyways i am not 100% emarati My mother is from Pakistan My father is from Oman and he got Emirates nationality long time ago, and i work in Dubai Police and i can say some are bad some are good as in any country in the world, but majority are good people brother. anyways good luck ot you all, and yes i got some information iam...
exactly what i was looking at, everyone is going loong but i think the pound needs some pullback to atleast1.512, pound will drop big in the morning before going back up
Quoting DubaiFX
{quote} Emarati are not bad people believe me the problem is most of them are balouch and From Iran who got Emirates Nationality and their noses are on their head but if you meet real Emarati you will see the diferrence, anyways i am not 100% emarati My mother is from Pakistan My father is from Oman and he got Emirates nationality long time ago, and i work in Dubai Police and i can say some are bad some are good as in any country in the world, but majority are good people brother. anyways good luck ot you all, and yes i got some information iam...
Well im emarati and im not sure i agree with your opinion about emaraties but anyway.
I do agree with the potential of cable moving down, it seems its set for a larger move as a correction of the recent bull move! Good luck
Quoting Kajos2250
{quote} GU H8 GMT+2 Attention for bulls, the yearly PS1 is in the game again... like the bulls cup validated by rising three method. Buy limit .5025 targetting ~5180 ~5280... Good luck! {image}
GU H8 GMT+2

Previous buy limit missed by some points, it stays for the next round.
Bullish belt hold shows the way to second realization zone ~5280 like MPR1.
Closer buy limit .5182 placed.
I would not be surprised if target was ~5580 for the week, we will see...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH8.png Size: 48 KB
Anything is math!
Quoting DubaiFX
{quote} be very very careful it can drop to 1.5110 in matter of hours i promise you that. good Luck and if that is right i will be here trading tomorrow
What's the reasoning behind this? I've been short since .5070, and frankly i'm being eaten alive. I've been pondering on cutting the trades if it goes any higher.

Cheers
Quoting Kajos2250
{quote} GU H8 GMT+2 Previous buy limit missed by some points, it stays for the next round. Bullish belt hold shows the way to second realization zone ~5280 like MPR1. Closer buy limit .5182 placed. I would not be surprised if target was ~5580 for the week, we will see... Good luck! {image}
If you hold till the end of this year, you can be rich
Quoting DubaiFX
{quote} hi E can you please help me understand one thing, last week you told me i was wrong about buying Pound and you were selling for 1.47 area, and after a day you were buying and now you are saying Sell off, do you change you direction every day or every 4 hours?? i am just asking bro, i dont understand people who are shifting their analysis in manner of minutes if currency jump and if some was following your trade what about them?? what should they do, i have my analysis at least i am looking at big trend and stick to my...
you told me i was wrong can you show me the words i said your wrong,, 2 scalp trades i find better , sell friday 5270 tp was 5114 posted the long ,, i had sl moved it and posted to Hick careful of 61% so support was there,, then i had a 20 pi safe trade load £20 pip, still with 5114, of at the resistance friday, 5187ish sold it lost , but as usual i have a sl and long at the same place http://www.forexfactory.com/showthread.php?t=10378&page=20710 read all them bullish last post in again breakout, target up to the tl,, where is there a sell on that page ???? http://www.forexfactory.com/showthre...378&page=20709 this page yes short , on april 25th post analysis http://www.forexfactory.com/showthre...378&page=20708, only to the last set of support, target long ??? sorry Dubai, you migh of read my big picture wrong,, if some was following your trade what about them,,,, i trade my opinions i dont ask or tell others to do the same,,, trade your own trade,, if i said put finger in fire would they ??? ,, may be i should not post ,, as i am coming to my next , witch finder, regards E
Quoting elbert3
{quote} you told me i was wrong can you show me the words i said your wrong,, 2 scalp trades i find better , sell friday 5270 tp was 5114 posted the long ,, i had sl moved it and posted to Hick careful of 61% so support was there,, then i had a 20 pi safe trade load 20 pip, still with 5114, of at the resistance friday, 5187ish sold it lost , but as usual i have a sl and long at the same place http://www.forexfactory.com/showthre...378&page=20710 read all them bullish last post in again breakout, target up to the tl,, where is there a sell...
lol
Quoting educatedthug
{quote} lol
omg your last post here was 2013,??? regards E , write some more it would be interesting ..
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