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Cable Update (GBPUSD)

  • #649,341
  • Jan 24, 2022 11:53am Jan 24, 2022 11:53am
the correction/uptrend is coming
the s&p will push dollar down and the rest up
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yes yes yes
  • #649,342
  • Jan 24, 2022 12:02pm Jan 24, 2022 12:02pm
Quoting MoneyZilla
gbp ... p.s. my bias is going down to 1.26 and below. maybe 1.22. then we rise up, i suppose.
https://www.forexfactory.com/thread/...8#post13816738
You are late my friend
  • #649,343
  • Jan 24, 2022 12:03pm Jan 24, 2022 12:03pm
Quoting Jolita
{quote} A break to sharpen falling knives? {image}
edit : add text

  1. ADR5 ( weekly average volatilty ) has reached more than 180%, 200% is rarely ( out of news ) --- usually in that zone trend fails to continue
  2. 3400 is whole numbers which can thwart the trend
  3. another reason is look at the chart posted by MoneyZilla above #Post 649,343

Daddy, Brother, Lover, Little Boy
  • #649,344
  • Edited 12:50pm Jan 24, 2022 12:11pm | Edited 12:50pm
Quoting Wavegarrick
{quote} Anyway Folks, For now, I see at least a test of my future weekly pivot at 1.35957 ish (highlighted area)for a 42 pipper and possibly an overshoot to 1.36000. Mid-round numbers when tested for the first time like to retrace back to round numbers. I also have my weekly support 1 here. Much will be decided around 1.3600 in the coming week. We are also going into month-end and volatile moves with profit-taking and so forth. Trade safe, Cheers. {image}
Hi Guys,
Today I took it smack on the lips. I never anticipated this big sell-off today. I have taken the loss at 40 pips. I await proper confirmation to buy. We are currently at my 50 % fib retrace zone of the swing low to high from Dec to 13 Jan. I don't discount a further retrace to the 61.8 % Fib retrace at 1.33877 which also aligns with my monthly pivot at 1.34159.
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Usdx has touched my 61.85 fib retrace and my monthly pivot at 96.027 so perhaps something to consider from here.
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All the best,
Cheers
Trade to trade another day
  • #649,345
  • Jan 24, 2022 12:34pm Jan 24, 2022 12:34pm
Quoting Coreg2004
{quote} Potential wave (b) in making 1.3662-.xx83 {image} {image}
Stay calm, don't panic...
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Always trade your own plan...I don't provide trading signals.
  • #649,346
  • Jan 24, 2022 12:39pm Jan 24, 2022 12:39pm
Quoting Coreg2004
{quote} Stay calm, don't panic... {image} {image}
lol
Daddy, Brother, Lover, Little Boy
  • #649,347
  • Jan 24, 2022 12:54pm Jan 24, 2022 12:54pm
#GBPUSD / H4
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  • #649,348
  • Jan 24, 2022 1:00pm Jan 24, 2022 1:00pm
I beleive cable will find support between 13280 & 13382. shoot up to around 13983 and then break the 13159 low. Targets below 13159 are around 13043, 12815, 12590 and it continues. Once there, it is easy to spot the reversal up. Lets see
POSTMASTER
  • #649,349
  • Jan 24, 2022 1:09pm Jan 24, 2022 1:09pm
Quoting Mr.Burger
{quote} long x3 --- re-entry the same level if SL broken ( 3400 ) {image}
Izy way 40p movement, zero risk break-event point, infinity profit taking cheers

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Daddy, Brother, Lover, Little Boy
  • #649,350
  • Jan 24, 2022 1:21pm Jan 24, 2022 1:21pm
Trade better with this sound......

Inserted Video
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #649,351
  • Jan 24, 2022 1:30pm Jan 24, 2022 1:30pm
Quoting nAVIN2007
{quote} we going lower bro..
It is extremely difficult now to give a direct call of whether we are going lower or not.

Here are the clues for short, medium and long term:
✓ Weekly close Below 1.3528 will open path to immediate target of 1.3200 by or before 28th February, which doesn't necessarily mean it can't go lower to 1.3000.
✓ Weekly Close Above 1.3528 will open path to immediate target of 1.3989 by or before 28th February, which doesn't necessarily mean it can't go higher to 1.4200

This Week:
* There is support around 1.3430 - 1.3400, if this support holds, then 1.3580 - 1.3600 will be seen as imminent by or before Friday. Failure to hold this support (1.3430 -1.3400) will crash price further to 1.3350 which should hold.
Data + Stat + Risk/Emotions Management
  • #649,352
  • Jan 24, 2022 1:35pm Jan 24, 2022 1:35pm
Quoting Mitiblotch
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.
Out of this at 3482. +5 pips profit. Good bounce from that 3444 area! Make no mistake, tomorrow it will bounce more.
  • #649,353
  • Jan 24, 2022 2:03pm Jan 24, 2022 2:03pm
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yes yes yes
  • #649,354
  • Jan 24, 2022 2:27pm Jan 24, 2022 2:27pm
Quoting Mitiblotch
{quote} Out of this at 3482. +5 pips profit. Good bounce from that 3444 area! Make no mistake, tomorrow it will bounce more.
May I ask why you say so?
  • #649,355
  • Jan 24, 2022 2:45pm Jan 24, 2022 2:45pm
Sup @ 50Fibo
Buy
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  • #649,356
  • Jan 24, 2022 2:49pm Jan 24, 2022 2:49pm
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yes yes yes
  • #649,357
  • Jan 24, 2022 2:50pm Jan 24, 2022 2:50pm
Quoting thevisitor
Sup @ 50Fibo Buy{image}
Target 1.3580
  • #649,358
  • Jan 24, 2022 2:51pm Jan 24, 2022 2:51pm
Quoting Georginson
{quote} It is extremely difficult now to give a direct call of whether we are going lower or not. Here are the clues for short, medium and long term: ✓ Weekly close Below 1.3528 will open path to immediate target of 1.3200 by or before 28th February, which doesn't necessarily mean it can't go lower to 1.3000. ✓ Weekly Close Above 1.3528 will open path to immediate target of 1.3989 by or before 28th February, which doesn't necessarily mean it can't go higher to 1.4200 This Week: * There is support around 1.3430 - 1.3400, if this support...
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Jan 2021 range (High -Low) is ahead of Jan 2020 and Jan 2019.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #649,359
  • Jan 24, 2022 2:53pm Jan 24, 2022 2:53pm
Quoting Mr.Burger
{quote} edit : add text ADR5 ( weekly average volatilty ) has reached more than 180%, 200% is rarely ( out of news ) --- usually in that zone trend fails to continue 3400 is whole numbers which can thwart the trend another reason is look at the chart posted by MoneyZilla above #Post 649,343
Absolutely!
I use Stochastic for same reason.
  • #649,360
  • Jan 24, 2022 2:56pm Jan 24, 2022 2:56pm
Quick phone chart.
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We cut the winners short and let the losers run.
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