Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#649,281
Jan 24, 2022 3:58am Jan 24, 2022 3:58am

Learner-xx
| Joined Nov 2021 | Status: Trader | 153 Posts

Last week's peak well done. I was pretty sure GU was going south from that peak

. But as of now, I'm not sure where toplace my trades next. Where to from here?

Executing trades with precision!!

#649,282
Jan 24, 2022 3:58am Jan 24, 2022 3:58am

JimmyC
Joined Jun 2013 | Status: Trader | 3,071 Posts

Quoting nAVIN2007

Disliked

{quote} at least 1.32 {image}

Ignored

Hey Buddy !!!
You still alive

#649,283
Jan 24, 2022 4:06am Jan 24, 2022 4:06am

alkenany
| Joined Dec 2007 | Status: Trader | 333 Posts

Quoting Learner-xx

Disliked

Last week's peak well done. I was pretty sure GU was going south from that peak. But as of now, I'm not sure where toplace my trades next. Where to from here?

Ignored

waiting 2end target 1.3445 at 123% fib. retracment

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#649,284
Jan 24, 2022 4:07am Jan 24, 2022 4:07am

josip
Joined Dec 2015 | Status: Trader | 2,290 Posts

I hope you changed your longs to shorts
we got nice R
with S, Im not sure...maybe can work

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Trendlines H1,H4, SMC

#649,285
Jan 24, 2022 4:08am Jan 24, 2022 4:08am

maxi444
| Joined Jan 2012 | Status: Trader | 764 Posts

Quoting mysterio

Disliked

{quote} has to bounce now or who knows where. mitigation of trapped sellers at absorption level. will set stop to BE on next drive up if it occurs {image}

Ignored

wow, a bounce to fall, nice

#649,286
Jan 24, 2022 4:14am Jan 24, 2022 4:14am

GhosTraderGT
Joined May 2021 | Status: Unfollow the herd | 1,737 Posts

Quoting MoneyZilla

Disliked

{quote} this is what i have meant... eu ranges. gu falls. eg rises. {image}

Ignored

... and thats where the underlined comes in.

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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!

#649,287
Jan 24, 2022 4:47am Jan 24, 2022 4:47am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting trumps

Disliked

Shorter and longer term trade patterns emerging {image} {image}

Ignored

I align with this so much. Very neat chart. Thanks. Though still concerned about your 80 percent red. Hope it isn't real loss

#649,288
Jan 24, 2022 4:52am Jan 24, 2022 4:52am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting nAVIN2007

Disliked

{quote} at least 1.32 {image}

Ignored

Yes I agree. I'm keenly watching 1.34 area to see if it holds. Then exit the sells with minimal losses and sell higher probably around 1.355 area. Target remains 1.32 to 1.30 unless it is invalidated. Wow you anticipate 1.19. That will be a heavy blow for pounds

#649,289
Edited 5:24am Jan 24, 2022 4:55am | Edited 5:24am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting Nd10

Disliked

{quote} That's where my final sell is as against my 1.37 final sell. Draw downs already with the other sells. However, i will exit the sells in two scenarios if it does not head back to 1.31 area. First scenario is when 1.37 is massively dealt with and scenario 2 is when 1.383 is breached by 25 pips or so

Ignored

Well, this post of January, 12 2022 is so far panning out. Let's see. I see a bit of support around 1.34 area. Will it hold or not. Time will tell

#649,290
Jan 24, 2022 4:59am Jan 24, 2022 4:59am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,266 Posts | Online Now

Quoting Nd10

Disliked

{quote} Well, So far this is panning out. Let's see. I see a bit of support around 1.34 area. Which it hold or not. Time will tell

Ignored

Monday. One-way traffic. Every rise will be met with a sell till end of day and it will then begin to range. The best place for a scalp buy is 3416 area, which is monthly pivot. That number has to hit. I love Mondays when the direction is clear.

#649,291
Jan 24, 2022 5:00am Jan 24, 2022 5:00am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Using the current High of 1.3689
Avr of 480 will give 1.3209
Min of 240 will give 1.3449
January pivot is 1.3416
1st quarter S1 is at 1.3407
Then 23.i fib is around 1.34
Also inverted head and shoulders right is around 1.34. I could exit and sell a bit higher around 1.355 area or not
If these don't hold, then 1.32 or even same lows will happen again.

#649,292
Jan 24, 2022 5:11am Jan 24, 2022 5:11am

kris89
Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts

On my listed plan. These price will react on 1.34500 and range to 1.35200 until shown some way reverse or continues of trending

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"

#649,293
Jan 24, 2022 5:23am Jan 24, 2022 5:23am

Nd10
Joined Mar 2019 | Status: Trader | 1,374 Posts

Quoting Mitiblotch

Disliked

{quote} Monday. One-way traffic. Every rise will be met with a sell till end of day and it will then begin to range. The best place for a scalp buy is 3416 area, which is monthly pivot. That number has to hit. I love Mondays when the direction is clear.

Ignored

Very Classic Miti..

#649,294
Jan 24, 2022 5:27am Jan 24, 2022 5:27am

Arturke
| Joined Dec 2011 | Status: Trader | 554 Posts

I think 1.348000 it's good price for buyer as a stop level and I still belive 1.350000 still good place for reverse. Enjoy.

#649,295
Jan 24, 2022 5:38am Jan 24, 2022 5:38am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Nd10

Disliked

{quote} Yes I agree. I'm keenly watching 1.34 area to see if it holds. Then exit the sells with minimal losses and sell higher probably around 1.355 area. Target remains 1.32 to 1.30 unless it is invalidated. Wow you anticipate 1.19. That will be a heavy blow for pounds

Ignored

what makes u think it can get to 1.355?

#649,296
Jan 24, 2022 5:40am Jan 24, 2022 5:40am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting JimmyC

Disliked

{quote} Hey Buddy !!! You still alive

Ignored

Hey bro, yes lol

How are u?

#649,297
Jan 24, 2022 5:47am Jan 24, 2022 5:47am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,266 Posts | Online Now

I want to stand in front of this Freight train. Please don't try this at home. I'm using just a small portion of my profit today.

Long 3477.
SL: 50 pips
TP: 20 pips.

Really bad R:R.

Reasons for the trade:
A. Daily support 3 is here at 3475.
B. The usually average range of 100 pips will be met at 3465. Hopefully it holds.
C. My gut tells me to wait but a certain method I am testing out says I should jump in. Let me trust math this time.

Reasons not to take the trade
A. Mondays usually move in just one direction so this could easily hit my stop.

#649,298
Jan 24, 2022 5:48am Jan 24, 2022 5:48am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Jolita

Disliked

{quote} You can trade if you are professional account holder or via exchange, also an option via broker registered outside UK, CFD trading.

Ignored

Im with admiral I actually have an option to trade it but I just not sure how the spread lot size thing works