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Cable Update (GBPUSD)

  • #793,581
  • Nov 29, 2023 1:15am Nov 29, 2023 1:15am
Sold for the target 1.2665
Attached Image (click to enlarge)
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Read the chart... Fundies are catalyst...
  • #793,582
  • Nov 29, 2023 1:17am Nov 29, 2023 1:17am
Quoting satheesh
Sold for the target 1.2665 {image}
Do we have sell confirmation right now ?
  • #793,583
  • Nov 29, 2023 1:18am Nov 29, 2023 1:18am
10 pips scalping @ Frankfurt open.
Start with green.
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Intraday Trading is an Art _ hoda
  • #793,584
  • Nov 29, 2023 1:18am Nov 29, 2023 1:18am
Quoting Jackoboms
{quote} Does that suggest GU bulls weakness ?
It opens the door for DXY to 'potentially' fall now. It isn't/wasn't a requirement. Yesterdays moves were more about DXY than the actually pairs IMHO. I tend to be a little slower to enter the market so I am looking for direction. Lots here are more successful traders than I am !
  • #793,585
  • Nov 29, 2023 1:19am Nov 29, 2023 1:19am
Quoting satheesh
Sold for the target 1.2665 {image}
This could be a trap as well, to trap us into selling and then the bulls BUYs
  • #793,586
  • Edited 3:22am Nov 29, 2023 1:20am | Edited 3:22am
Sell 1.27007 I know coming into a hole number is not the thing to do but I'm seeing divergence on the hourly chart. Take profit at 1.26457. This is not a signal.
  • #793,587
  • Nov 29, 2023 1:21am Nov 29, 2023 1:21am
Quoting hoda
10 pips scalping @ Frankfurt open. Start with green. {image}
Nice, you think we going further down?
  • #793,588
  • Nov 29, 2023 1:21am Nov 29, 2023 1:21am
Done now.

Will be back after LO
Attached Image (click to enlarge)
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Intraday only.
  • #793,589
  • Nov 29, 2023 1:21am Nov 29, 2023 1:21am
For 32 pips
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yes yes yes
  • #793,590
  • Nov 29, 2023 1:22am Nov 29, 2023 1:22am
Quoting dantpm
DXY filled the gap from the open. 15 min M formed and spiked down...
a retrace till daily pivot where buy should restart, following PA on tf H1
chaos is just unknown order
  • #793,591
  • Nov 29, 2023 1:23am Nov 29, 2023 1:23am
USD keep on falling while NAS100 went into consolidation.

Will the tech stocks create an All Time High for the index?

GDP 2nd estimate release
Expected +5.0%
FED GDP now +2.1%
While Q4 2023 Boomberg consensus 1.2% = first release in 2024

GU driven by spread bet
More time in the market, does not mean you trade better!
  • #793,592
  • Nov 29, 2023 1:24am Nov 29, 2023 1:24am
Quoting Jackoboms
{quote} This could be a trap as well, to trap us into selling and then the bulls BUYs
But yesterday you confidently said we are going down? Now you doubt that fact. Do you see my point now?
Emotional Control. Process, not outcome.
  • #793,593
  • Nov 29, 2023 1:26am Nov 29, 2023 1:26am
Quoting fontu
Price now over many strong resistances , nearer next bull target 2760, so start watching breakout again, now looks price below signal 2673 to limit test 2643 before bounce next. Take care {image} {image}
so same ,. waiting for 2687 support if any reaction up as best target bull no done and if 2643 support play may indicate top failure at last, so risky for bull at present , otherwise 2660 down play continue . best option arounds 2687 , over signal 2660 .take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #793,594
  • Nov 29, 2023 1:27am Nov 29, 2023 1:27am
Quoting woody70
Sell 1.27007 I know coming into a hole number is not the thing to do but I'm seeing divergence on the hourly chart. Take profit a1.26457. This is not a signal.
Definitely not a signal. But you think it could possibly get to 1.26457? Can the sell pressure go that far?
  • #793,595
  • Nov 29, 2023 1:28am Nov 29, 2023 1:28am
Quoting Jackoboms
{quote} Nice, you think we going further down?
1.2692 decision level.
Intraday Trading is an Art _ hoda
  • #793,596
  • Nov 29, 2023 1:29am Nov 29, 2023 1:29am
Quoting Konichiwhaat
{quote} But yesterday you confidently said we are going down? Now you doubt that fact. Do you see my point now?
I see your point and I always respect peoples point. I was confident and I was wrong. But i was confident actually, but I shouldn't have said "will do" but "May do".

Thanks
  • #793,597
  • Nov 29, 2023 1:30am Nov 29, 2023 1:30am
Quoting hoda
{quote} 1.2692 decision level.
Ok.
  • #793,598
  • Nov 29, 2023 1:35am Nov 29, 2023 1:35am
Quoting Luxyus
{quote} a retrace till daily pivot where buy should restart, following PA on tf H1
Ah yes but which pivot?
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  • #793,599
  • Nov 29, 2023 1:37am Nov 29, 2023 1:37am
Quoting Jackoboms
{quote} Definitely not a signal. But you think it could possibly get to 1.26457? Can the sell pressure go that far?
I think some kind of a pullback is due. If it although I still think this is a bull market. I would not be looking for any long-term sell setups unless we get a close below the last 4hour low.
  • #793,600
  • Nov 29, 2023 1:37am Nov 29, 2023 1:37am
Quoting Jackoboms
{quote} Do we have sell confirmation right now ?
what kind of confirmation do we need? it reached the 61.8 fibo and I am risking 30 to 40 pips to get 50 pips
Read the chart... Fundies are catalyst...
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