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Cable Update (GBPUSD)

  • #646,441
  • Dec 31, 2021 7:00am Dec 31, 2021 7:00am
Quoting mysterio
Have a short running from 1.3518 after taking 1xR loss this morning Trying my patience a bit, so the stop at breakeven point and going to check in this afternoon with no TP
I'm 80pc out and leaving a runner for an end of year dice roll

Hope everyone had an immense 2021-- roll on many pips for 2022

Has been like a year of sacrifices and ups and downs with regards to trading this year but I think if anyone can survive a year the sky's the limit if we stay humble and keep learning
  • #646,442
  • Dec 31, 2021 7:13am Dec 31, 2021 7:13am
Quoting Robinhood1
Cadjpy inverted. 3 main supports again being the last one the strongest. It lies at 90.69. I was not at this stage knowledege when going in 2 weeks ago and closed with losses but its never too late. So Cadjpy short at around 90.69. could be within 1-5 pip error. {image}
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POSTMASTER
  • #646,443
  • Dec 31, 2021 7:33am Dec 31, 2021 7:33am
Have a channel bullish H1 and i maybe the price touch and go higher.

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Together we can be strongest
Vantage Return This Month: na
  • #646,444
  • Dec 31, 2021 7:38am Dec 31, 2021 7:38am
Quoting palpite
sell - 1.3445
Quoting palpite
add sell - 1.3478
Quoting palpite
add sell - 1.3486
Quoting palpite
add sell - 1.3498
trades closed - 1.3476
Together we can be strongest
Vantage Return This Month: na
  • #646,445
  • Dec 31, 2021 7:40am Dec 31, 2021 7:40am
Attached Image
Together we can be strongest
Vantage Return This Month: na
  • #646,446
  • Edited 8:00am Dec 31, 2021 7:41am | Edited 8:00am
HAPPY NEW YEAR!!!

Thank you everyone on Forex Factory for your help this year.
It was a pleasure learning trading ideas from all of you.
I will be looking forward to a new and profitable year.
Thank You, Jolita

  • #646,447
  • Dec 31, 2021 7:45am Dec 31, 2021 7:45am
Trend is very bullish, scalping short is fine when it prints new high (with a confirmation)
But shorting after a 50/60 pips drop with such a trend is the most risky
COT: The precious data ignored
  • #646,448
  • Dec 31, 2021 7:49am Dec 31, 2021 7:49am
godamit (hehe), cad kept pushing it to low (goodjob cad) just over 161% down.. head to 261 maybe??
  • #646,449
  • Dec 31, 2021 7:53am Dec 31, 2021 7:53am
Quoting buddha-
godamit (hehe), cad kept pushing it to low (goodjob cad) just over 161% down
Dumb money very short CAD, closing position is leading to such move
"Easy" Bet
COT: The precious data ignored
  • #646,450
  • Dec 31, 2021 7:54am Dec 31, 2021 7:54am
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  • #646,451
  • Dec 31, 2021 7:57am Dec 31, 2021 7:57am
sell - 1.3505
Together we can be strongest
Vantage Return This Month: na
  • #646,452
  • Dec 31, 2021 8:03am Dec 31, 2021 8:03am
Quoting kuroro001
Trend is very bullish, scalping short is fine when it prints new high (with a confirmation) But shorting after a 50/60 pips drop with such a trend is the most risky
Here goes all the late short inside 3470/80 trapped in the bullish trend
And they will exit on top leading to another leg higher....before trying other shorts (i will)
COT: The precious data ignored
  • #646,453
  • Dec 31, 2021 8:10am Dec 31, 2021 8:10am
Quoting KiwiTrada
{quote} us$ is only half equation in cable / dix weekly is double bottom of strong support, clearly uptrend, it is accumulation mode, (6th week) present resistance is psych level 97 then 97 79 then parity that will be tough always is:-) will see how this phase plays out 95 84 - 97 00?
When i look at both GBP and USD, they are overstretched (position speaking)
Very short for GBP, very long for USD, hence this 300/400 pips rise in the pair (maybe more to come)

EURO can go to 1,15+ before resuming its downtrend, to be honest i don't know which level it can really hit
I'll analyse positionning on weekly basis to know if i should buy dips or short rallies
COT: The precious data ignored
  • #646,454
  • Dec 31, 2021 8:14am Dec 31, 2021 8:14am
EU 1.19 LONG TERM
  • #646,455
  • Dec 31, 2021 8:26am Dec 31, 2021 8:26am
Daily close below 1.35. Let's see
  • #646,456
  • Dec 31, 2021 8:32am Dec 31, 2021 8:32am
Quoting Ihlas
Daily close below 1.35. Let's see
Guessing where the price will end never worked well really

Check the current chart dude, see what's the pair is doing
COT: The precious data ignored
  • #646,457
  • Dec 31, 2021 8:35am Dec 31, 2021 8:35am
Quoting kuroro001
{quote} Guessing where the price will end never worked well really Check the current chart dude, see what's the pair is doing
Guess? OK
  • #646,458
  • Dec 31, 2021 8:37am Dec 31, 2021 8:37am
Quoting Ihlas
{quote} Guess? OK
Yes its guessing at this point to say price will end there or there at a specific time of the day

Its not a strategy of trading or anything
COT: The precious data ignored
  • #646,459
  • Dec 31, 2021 8:41am Dec 31, 2021 8:41am
Quoting Robinhood1
{quote} Lobby´s algo is pushing based on traders information only. Will not trespass
Algo "cot" is overbought No worries, deep pockets. It can close positions in the distant future
POSTMASTER
  • #646,460
  • Edited 8:55am Dec 31, 2021 8:42am | Edited 8:55am
Better pa go up, top ranging still intact over immediate limit 3506, otherwise limit 3490 to up! Take care, fontu

Worked immediate limit and 2nd limit be reserved for next action up. now target can be 3571, 3673 and 3836 are just nominal, should be just up 3982 before next tanking!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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