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Cable Update (GBPUSD)

Quoting mikec13845
Hi MoneyZilla what kind of software gives those numbers?

It is a private indicator. Not uber accurate, as the last two h4 candles stayed at 80... yet, she really indicates the turn movement is approaching soon. Also, she does not say anything about how many pips the new direction will be, unfortunately... it is just a dir change indication and nothing more.
Maadik Hugiis. IQ 69.
Do not sell before 1.3780-90s

GU bounced from monthly support, daily have good range to bounce and weekly oversold, bounce up can be to take a breath.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Let the ping pong game start
3759-67 can see some sellers imo. Maybe a 100 pip range between there and the low.
if it breaks , it will 60-80 pips up
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Here's another tip I learned from Roszey (and I understand why he doesn't post here that often anymore) and Georginson.......

This pair, on average has an AVERAGE WEEKLY RANGE of 200p, sometimes 250p.
Having said that, it has already hit this range at 1.3678, so naturally it has to bounce.
However, we are only on a Wednesday so 1 of 2 scenarios might be in play:
1) this will range between 3678 - 3800, or
2) this will eventually break down to 3650 this week

You decide for you accounts and practice good MM. I'm out!
Lost....
Quoting helioss
For scalpers.... {image}
...update
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a prev 1hr minor sw lo zone = prev supp = pot sbr @ the current pullback hi. 1hr below.

You wonder whether price may test bottom of the previous 4017-3778 range or did it already do that in the 3751-3803 pullback shown on 1hr below - after the 1st b/o?
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting gespiri
Here's another tip I learned from Roszey (and I understand why he doesn't post here that often anymore) and Georginson....... This pair, on average has an AVERAGE WEEKLY RANGE of 200p, sometimes 250p. Having said that, it has already hit this range at 1.3678, so naturally it has to bounce. However, we are only on a Wednesday so 1 of 2 scenarios might be in play: 1) this will range between 3678 - 3800, or 2) this will eventually break down to 3650 this week You decide for you accounts and practice good MM. I'm out!

It depends which averages you use. I for eg use a 1/4 year 13weeks for the awr...see below and it is only @ 85% so far this week...also it does not 'have' to bounce there are no absolutes- even in range analysis...it's just about probabilities.
Attached Image
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Updated TP area now around 13760-80 s/l at b/e
Morning,
not a bad day start.
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If you don't know how to earn money, don't loose it.
I bought at 1.3713, TP mentioned before. SL at BE

Quoting BeeTogether
Updated TP area now around 13760-80 s/l at b/e
GL, back in the game? Cut the loss ?
Quoting mysterio
I bought at 1.3713, TP mentioned before. SL at BE {quote} GL, back in the game? Cut the loss ?
yup! Took a 7k hit but with careful and scalp trading if need be I should be able to recover that in about 3 weeks. And damn have I missed trading lol
Quoting BeeTogether
{quote} yup! Took a 7k hit but with careful and scalp trading if need be I should be able to recover that in about 3 weeks. And damn have I missed trading lol
No worries you'll make it back in 3 days!
... solid 1hr bullish close.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting MoneyZilla
{quote} This is not the problem. 70 pips of a draw-down is OK. I think for most. I will start making calls exactly in the style Georgie is making. One call for the day traders (UP) and one call for the swing traders (DOWN). Then will point out the call that made it right! I think, this is the real problem... Just watch me how good I can also be, with my daily and swing calls!
This is wrong.
You can't backtest emotions.
Quoting mysterio
{quote} No worries you'll make it back in 3 days!
3 days I wish lol. Aiming for circa 500-700 a day. But naturally if I catch a strong trend line then boom it can be sooner
Quoting BeeTogether
{quote} yup! Took a 7k hit but with careful and scalp trading if need be I should be able to recover that in about 3 weeks. And damn have I missed trading lol
Sometimes it feels good just to be put out of one's misery. Sorry for the loss, though.
New LOWS loading up. I'd be careful with longs at this point.
No such thing as oversold or overbought in my book

SS
Quoting JayBag
New LOWS loading up. I'd be careful with longs at this point. No such thing as oversold or overbought in my book SS
Great call on price reaching 1.37 Jay
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