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Cable Update (GBPUSD)

  • #645,781
  • Dec 22, 2021 1:08pm Dec 22, 2021 1:08pm
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yes yes yes
  • #645,782
  • Dec 22, 2021 1:14pm Dec 22, 2021 1:14pm
Just checking usdx, a little down to correct up before nex leg down. So little up gbpusd just breaks high 3374 to rest /correction for the day correction as possible pa. Take care.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #645,783
  • Dec 22, 2021 1:18pm Dec 22, 2021 1:18pm
Still holding longs

No shorts yet...

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COT: The precious data ignored
  • #645,784
  • Dec 22, 2021 1:27pm Dec 22, 2021 1:27pm
Quoting ehsan55
next tp : 1.3360#1.3368 {image}
tp hit (1.3360)
----------------------------
i`m in short by low lot
PRZ:
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Price turnback to where, he escaped from there
  • #645,785
  • Dec 22, 2021 1:39pm Dec 22, 2021 1:39pm
Quoting mysterio
{quote} Hi, nice analysis I just did a rough sketch on DXY but broadly expecting a bull run here, but it may dip below 95.85 first so i'm watching for that DXY is bearish now we're reacting off of weekly supply, but expect another run up for liquidity Note the negative delta on GU, showing on the m15 footprint (second row from top). Institutions stacking sells as the price rises {image} {image} {image}
So we are on the same side. Let the fall begin soon
  • #645,786
  • Dec 22, 2021 1:45pm Dec 22, 2021 1:45pm
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not euphoria follower
  • #645,787
  • Dec 22, 2021 2:04pm Dec 22, 2021 2:04pm
Quoting kuroro001
Still holding longs No shorts yet... {image}
welcome back mate, tighten stops/tp,s usd appreciation potential increasing waiting to defend 96 00 pa 96 06 now, USD prs watched close to respective S/R possibly positioning on cards prior to cad & us data 2.30am, Karoda,s speech shortly should give a nice clue gj uj?
If you are new to Forex? Say Goodbye to your account!!
  • #645,788
  • Dec 22, 2021 2:15pm Dec 22, 2021 2:15pm
Quoting palpite
buy - 1.3330 sl - 1.3310
Quoting palpite
{quote} add buy - 1.3318 waiting to close the candle H4.
Quoting palpite
add buy - 1.3279
Quoting palpite
add buy limit - 1.3230

trades closed - 1.3357
Together we can be strongest
Vantage Return This Month: na
  • #645,789
  • Dec 22, 2021 2:18pm Dec 22, 2021 2:18pm
Quoting KiwiTrada
{quote} welcome back mate, tighten stops/tp,s usd appreciation potential increasing waiting to defend 96 00 pa 96 06 now, USD prs watched close to respective S/R possibly positioning on cards prior to cad & us data 2.30am, Karoda,s speech shortly should give a nice clue gj uj?
Cheers mate

Year end vol is always weird, so yes, tightening stops/tp, smaller positions

But i'm not sure about usd rise, looking at year end rally equities, maybe they'll sell more usd
COT: The precious data ignored
  • #645,790
  • Dec 22, 2021 2:19pm Dec 22, 2021 2:19pm
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Together we can be strongest
Vantage Return This Month: na
  • #645,791
  • Dec 22, 2021 2:27pm Dec 22, 2021 2:27pm
I'll wait the Usd Index do the re-test in 96.300 for to buy more the GBPUSD. Let's see.

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Together we can be strongest
Vantage Return This Month: na
  • #645,792
  • Dec 22, 2021 3:25pm Dec 22, 2021 3:25pm
Quoting phd893
{quote}{quote} 1/200
what do you mean by 1/200 i didn't understand man, can you please explain? thank you.

if you are referring to my Leverage i am Using 10:1 leverage for each trade for my strategy Tester Account yes i do have 2 or some times 3 open trades at same time but know very well how to use leverage, trust me in the beginning 2008-2010 i have done enough mistakes using High Leverage which cost me dearly Money and time, but with time you learn from your mistakes which is called experience,
and "experience comes from Good Judgment and most of it comes from Bad Judgement"
Don't compare your Trades with Others
  • #645,793
  • Dec 22, 2021 3:25pm Dec 22, 2021 3:25pm
Quoting DubaiFX
{quote} as i mentioned few hours ago that Pound may start going up from 1.3240 looks to me the move have started, next target will be 1.3280 bought at .13240 target 1.3282 Stop loss moved to +2 }
Finally my Target hit 1.3355 and moved even more but i am done for the day, i made enough Pips this week,
i will be looking at 1.3280-1.3300 to buy again for now i am out Pound us over bought in small charts and Profit taking will make pound drop 50-60 pips that is when i will start buying again.
be careful guys because 1.3355-60 is tight resistance to beat, pound may very well drop to 1.3280 and fast, my advise be patient and watch how pound reacts to 1.3355-60 resistance just my 2 cents.
i hope it helps
good Luck my fellow traders and have a nice day.
Don't compare your Trades with Others
  • #645,794
  • Dec 22, 2021 3:31pm Dec 22, 2021 3:31pm
Quoting Robinhood1
Cable sequence: long to around 13550/13630 short to around 12920 long to around 13200 and finally short to around 12350
POSTMASTER
  • #645,795
  • Edited 3:48pm Dec 22, 2021 3:38pm | Edited 3:48pm
Quoting W0lfram
I see rounding bottom {image}
Control level , stop here please. Likely responsive selling tomorrow, or the end of a range...
(And looks like compression now)
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Air force
  • #645,796
  • Dec 22, 2021 4:30pm Dec 22, 2021 4:30pm
Quoting digger1
Well traders , not a bad day for it being somewhat slow , speaking of patterns there was somewht of a H & S formed friday . I have often mentioned the gbp likes the 272 and 618 fib extension areas, I always treat the new york rollover price as the line in the sand , the drop came from that area , the 618 tgt level is also my weekly pivot and for you people using cams your weekly L3 is in that area too. For you traders using averages the price had dropped below the 5 min 200 came back to it and failed, cheers all {image} {image}[/ATTACH]
Lol it aint looking like box though looks like has some similarities
  • #645,797
  • Dec 22, 2021 4:39pm Dec 22, 2021 4:39pm
Quoting fontu
{quote} Both on last weekly and monthly support, not any strong but still can do little or even more, a corrective wave up before down continue!!. Take care {image} {image}
I'm seeing here, and yes, it's possible a drop to 1.31. I'll buy more and to use small stop loss.


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Together we can be strongest
Vantage Return This Month: na
  • #645,798
  • Dec 22, 2021 4:49pm Dec 22, 2021 4:49pm
Quoting Jolita
Pretty much as planned. TP1 13290 Slow but steady. Only green candles this week please. BJ allowed to have Christmas. {image} Sorry my phone screenshots take too much space. I do reduce them.
Hi all. I am back from Christmas work party.

Update:
Tp1 13290 hit
Tp2 13320 hit
Tp3 13370 manually closed at 13350.

Out of longs, changing trading to SELL

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  • #645,799
  • Dec 22, 2021 5:11pm Dec 22, 2021 5:11pm
Quoting Jolita
{quote} Hi all. I am back from Christmas work party. Update: Tp1 13290 hit Tp2 13320 hit Tp3 13370 manually closed at 13350. Out of longs, changing trading to SELL {image}
You are fabulous
  • #645,800
  • Dec 22, 2021 5:52pm Dec 22, 2021 5:52pm
Price need to pullback to 1.3300-1.3310 before going more up.
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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