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Cable Update (GBPUSD)

  • #661,661
  • Jun 2, 2022 6:54am Jun 2, 2022 6:54am
Until the diagonal isnt broken nothing to short, can last for more
  • #661,662
  • Jun 2, 2022 7:02am Jun 2, 2022 7:02am
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 PriceActionDetector3.ex4   105 KB | 219 downloads
Attached File(s)
File Type: ex4 threeChannel.ex4   241 KB | 229 downloads
Attached Image (click to enlarge)
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  • #661,663
  • Jun 2, 2022 7:04am Jun 2, 2022 7:04am
Quoting Mitiblotch
Sell limit at 2560 where lies the 15min 200MA and break put point for the last leg down. It should get a retest and down again. {image}
This was my chart. My pending was set at 2560. Price stopped at 2559. Lol... I won't enter until it hits my entry. It stopped by 0.0001 pip. Hehehe
  • #661,664
  • Jun 2, 2022 7:04am Jun 2, 2022 7:04am
12560 being the resistance area for now. Break above could open 12580-126.
Insane in the Brain..
  • #661,665
  • Jun 2, 2022 7:05am Jun 2, 2022 7:05am
Quoting Nd10
1.26 calling shortly. Maybe down afterwards, if any. I have been waiting for 1.24 and 1.241 for final push towards 1.27, 1.28 and possibly 1.30. Convincingly Break for me below 1.24 opens the 1.20 area again. That's my take

I agree that we are headed for 1.300 and higher. The market is tricky. The average six month range is near 1200 pips. There will be a bull trap above 1.30 in July/August time frame and then a steady drop to 1.20 and below before the end of the year. Also, if we have an annual range of at least 1800 pips, this would put us below 1.200.
  • #661,666
  • Jun 2, 2022 7:13am Jun 2, 2022 7:13am
Potential SHS H4 with target above 180 pips near my target 227x need confirmation as usually
People don't plan to lose. They lose because they don't plan.
  • #661,667
  • Jun 2, 2022 7:15am Jun 2, 2022 7:15am
Quoting gespiri
4hr.....if it happens, it'll be a scalpers' paradise. {image}
inverted h&s possible before dumping at 1.26.
  • #661,668
  • Jun 2, 2022 7:23am Jun 2, 2022 7:23am
Quoting Whale
Im expecting the next 20-24 hours will be more or less bullish. But slowly.
20 hours ago.

we can argue if it was slow or fast.
  • #661,669
  • Jun 2, 2022 7:26am Jun 2, 2022 7:26am
its happening now and we are all happy seeing it
  • #661,670
  • Jun 2, 2022 7:31am Jun 2, 2022 7:31am
Quoting ScalaFX
Potential SHS H4 with target above 180 pips near my target 227x need confirmation as usually
Ok go
People don't plan to lose. They lose because they don't plan.
  • #661,671
  • Jun 2, 2022 7:32am Jun 2, 2022 7:32am
Quoting ScalaFX
{quote} Ok go
like Kimmy,
ok can sell GU now trust me no error
People don't plan to lose. They lose because they don't plan.
  • #661,672
  • Jun 2, 2022 7:35am Jun 2, 2022 7:35am
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Intraday Trading is an Art _ hoda
  • #661,673
  • Jun 2, 2022 7:37am Jun 2, 2022 7:37am
Quoting hoda
{image}
People don't plan to lose. They lose because they don't plan.
  • #661,674
  • Jun 2, 2022 7:42am Jun 2, 2022 7:42am
Bad Data ADP, better unemployment, price can spike some more, H4 close is decent
People don't plan to lose. They lose because they don't plan.
  • #661,675
  • Jun 2, 2022 7:46am Jun 2, 2022 7:46am
Quoting DmShka
{quote} Start selling a little bit, sl manually I think above yesterday resistance line, tp not clear yet {image}
Set tp 1.25118
  • #661,676
  • Jun 2, 2022 7:48am Jun 2, 2022 7:48am
G/A, there are only so many old queens you can watch, thought I'd do an hour or so at the desk instead.

Rise up from y/day's lo to the prev 1hr/4hr sw hi/lo zone = prev supp = pot sbr has seen a sell-off from there down to the 23.6%'s of the main 2 x 1hr/4hr swing lo's up from y/day's lo to today's current hi, where price encountered demand.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
  • #661,677
  • Jun 2, 2022 7:56am Jun 2, 2022 7:56am
Quoting Georginson
Sold at 1.2535, target 1.2452, stop at 1.2570.
Stop hit, I'm standing aside till Tomorrow after NFP.
Data + Stat + Risk/Emotions Management
  • #661,678
  • Edited 8:53am Jun 2, 2022 8:00am | Edited 8:53am
Quoting profits7
_______________ why NOT share huh = Payin It FWD - - - - - - - TP2 @ will post LTR 4sure {image}
___________________

TP1 = hit - banked my profits$$$ , TP2 as promised @25777 - - - - - - - TP3 @ will post mebbe LTR
Don’t focus on making $$$, focus on protecting what you have.
  • #661,679
  • Jun 2, 2022 8:03am Jun 2, 2022 8:03am
...there is a pattern of bearish hidden div on 1hr at the current dly hi/y/day's down move pullback hi - which at that hi is now over 61.8% of that move...not much of a 4hr downtrend to enter after such a pullback though,? but a good short scalp (+) on the 1min extreme o/b, 5min reg bear div play nonetheless @ the prev 1hr sw lo zone = prev supp = pot sbr.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
Trader with an Edge.
  • #661,680
  • Jun 2, 2022 8:03am Jun 2, 2022 8:03am
Quoting Georginson
{quote} Stop hit, I'm standing aside till Tomorrow after NFP.
Ohh bummer. It was a good trade, IT have the room, and they take it.
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