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

Hunting for 10 pips. Short 3317. TP 3307. That was a late entry. This is called trading in the middle which is a terrible thing to do.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Potential GJ long entry

Price will fill out previous day wick here
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Asian low taken , will it change direction for doom friday , or bounce back to where its supposed
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
wick give me wick to enter
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Quoting TrickorTrade
Potential GJ long entry Price will fill out previous day wick here {image}
Weekly closure for GJ will be important it needs close above to confirm bullish bias. Wait for confirmations.

If price breaks below I see it going to next inefficiency
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Quoting TrickorTrade
{quote} GA SL hit thats what I get for holding thru FOMC haha. Anyways I did net profit here. {image}
I still have my original bullish bias for GA
Waiting for price to retest and give me confirmations on support
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Quoting stevepatt
{quote} GBP/USD H4 Observations It's obvious we (Retail Traders) must "Follow Price" and not our Expectations... GBP/USD Pending Short Trade Entry 1.33300 Target 1.33100 +20 Pips Stop 1.33430 (-13) Pips EDIT: Short Trade Triggered 06.47 GMT {image} {image}

GBP/USD Short Trade Result Target Hit +20 Pips

Entry 1.33300

Target 1.33100 +20 Pips

Stop 1.33430 (-13) Pips
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Quoting Mitiblotch
Hunting for 10 pips. Short 3317. TP 3307. That was a late entry. This is called trading in the middle which is a terrible thing to do.
TP hit! Over and out.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Cable out of steam maybe looking for liquidity area to push back up. The news yesterday was massive and should have taken the pair up much higher imho
lets see how demand area playing

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting BeeTogether
Cable out of steam maybe looking for liquidity area to push back up. The news yesterday was massive and should have taken the pair up much higher imho
from tommorow high , and the correction its enough sling to make more HH today , but its just opinion with trade plan , when it broken important level , this pair always left far away before grab the liquidation
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting BeeTogether
Cable out of steam maybe looking for liquidity area to push back up. The news yesterday was massive and should have taken the pair up much higher imho
Most people interpreted the news initally as bullish for USD. I remember you saying that as well. I said its bullish for GBP solely purely based on technicals. I have stopped believing in fundamentals. Technicals already have the answers. Only thing to be aware of news can wick you out so being careful with SL.
Quoting Mitiblotch
Hunting for 10 pips. Short 3317. TP 3307. That was a late entry. This is called trading in the middle which is a terrible thing to do.
I make this mistake rather often I'm working on it though.
Trying my best.
should have gone higher yesterday. though £ now at 0.25% same as $ 0.25%
Maybe test yesterday high !.3377.7 on the Ask IMO
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Quoting TrickorTrade
{quote} Most people interpreted the news initally as bullish for USD. I remember you saying that as well. I said its bullish for GBP solely purely based on technicals. I have stopped believing in fundamentals. Technicals already have the answers. Only thing to be aware of news can wick you out so being careful with SL.
I wasn’t expecting a rate hike at all. The commentary prior to the announcement was no rate rise expected so this took us all by surprise.

News like this should have seen around 100-150 pip rise as it’s major mover. In the end it was about 60 odd pips by the evening. We can look at it as it’s Christmas and there isn’t much energy in the market or that the bears are limiting the move as a big push is due. I’m inclined to go with George’s strategy that a big push down is coming as long as certain areas are not crushed
Quoting BeeTogether
{quote} I wasn’t expecting a rate hike at all. The commentary prior to the announcement was no rate rise expected so this took us all by surprise. News like this should have seen around 100-150 pip rise as it’s major mover. In the end it was about 60 odd pips by the evening. We can look at it as it’s Christmas and there isn’t much energy in the market or that the bears are limiting the move as a big push is due. I’m inclined to go with George’s strategy that a big push down is coming as long as certain areas are not crushed
True I understand your point. But i believe fundamentals are already priced in the Technicals. I was bullish purely based on technicals. Its happened time over time price always seems priced in before the fundamental announcement itself. Thats why I think rate hike or powell doveish comments are not a suprise. Its all calculated.
Quoting BeeTogether
{quote} I wasn’t expecting a rate hike at all. The commentary prior to the announcement was no rate rise expected so this took us all by surprise. News like this should have seen around 100-150 pip rise as it’s major mover. In the end it was about 60 odd pips by the evening. We can look at it as it’s Christmas and there isn’t much energy in the market or that the bears are limiting the move as a big push is due. I’m inclined to go with George’s strategy that a big push down is coming as long as certain areas are not crushed
marked the 1.33300 level that george mention also and wait H4 candle to close and you will know the market will going soon
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
with no news gonna be sideways day this weekend?
In again at 3323 Long. See if we can hit 3370.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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