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Cable Update (GBPUSD)

  • #662,441
  • Jun 8, 2022 4:26am Jun 8, 2022 4:26am
Quoting ScalaFX
{quote} Nice plan bud, lets see that tl hołd, maybe I will be switching to short
Same here.

Am thinking to short, waiting for set up at H1 TF.

Here is the H4 marked up, no clean break up to the upside yet.

Just inducement to trap buyer.

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I come from the future.
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  • #662,442
  • Jun 8, 2022 4:30am Jun 8, 2022 4:30am
...the 1hr bullish hidden div is below...it comes @ a 2nd LL on the t/f so not optimum but this at least corresponds with a potential HL on 4hr.

1hr below
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Trader with an Edge.
  • #662,443
  • Jun 8, 2022 4:33am Jun 8, 2022 4:33am
Euro is strong, GBP is weak until now.
  • #662,444
  • Jun 8, 2022 4:34am Jun 8, 2022 4:34am
...5min hidden bearish div is present and could develop further if stays under 2554. Take your pick lol!
Trader with an Edge.
  • #662,445
  • Jun 8, 2022 4:38am Jun 8, 2022 4:38am
Quoting Headland
...5min hidden bearish div is present and could develop further if stays under 2554. Take your pick lol!
that would mean stay back and watch it unfold for me
Insane in the Brain..
  • #662,446
  • Jun 8, 2022 4:40am Jun 8, 2022 4:40am
2550 to 2560 then down again to me
Intraday only.
  • #662,447
  • Jun 8, 2022 4:42am Jun 8, 2022 4:42am
Scalping Buy...
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Intraday Trading is an Art _ hoda
  • #662,448
  • Jun 8, 2022 4:43am Jun 8, 2022 4:43am
Quoting BeeTogether
{quote} that would mean stay back and watch it unfold for me
It often happens, ie a contrary signal on a shorter t/f than that on the longer t/f. I sometimes trade both keeping the longer t/f open and scalping the shorter (if PA confirms the signal) ..rule of thumb is stick with the longer t/f signal for greater probability but in this case will just be wary of it because 1hr has 4 x LH's and 2 x LL's before my entry at that 50% fib so was exhibiting weakness prior to the entry. Strong bounce so far.
Trader with an Edge.
  • #662,449
  • Jun 8, 2022 4:44am Jun 8, 2022 4:44am
Quoting ScalaFX
{quote} Im with you, the same entry TP open
Closed 2540 +20 switching to short further
People don't plan to lose. They lose because they don't plan.
  • #662,450
  • Jun 8, 2022 4:48am Jun 8, 2022 4:48am
Quoting ScalaFX
{quote} Closed 2540 +20 switching to short further
Here come retest

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Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,451
  • Jun 8, 2022 4:49am Jun 8, 2022 4:49am
Quoting ScalaFX
{quote} Im with you, the same entry TP open


for me the low of the week hit yesterday

its up for me till next week
MY OPINION NOT FINANCIAL ADVISE
  • #662,452
  • Jun 8, 2022 4:51am Jun 8, 2022 4:51am
Quoting donfriday
{quote} for me the low of the week hit yesterday its up for me till next week
Im risking some but gbp for me now is not so strong, I want see first 1.24 for further up or we go deep down
People don't plan to lose. They lose because they don't plan.
  • #662,453
  • Jun 8, 2022 4:58am Jun 8, 2022 4:58am
Quoting donfriday
{quote} for me the low of the week hit yesterday its up for me till next week
I am with you...but buy in NY session.

This is what I am looking.
Intraday only.
  • #662,454
  • Jun 8, 2022 5:00am Jun 8, 2022 5:00am
Quoting Pat Chiko
{quote} Same here. Am thinking to short, waiting for set up at H1 TF. Here is the H4 marked up, no clean break up to the upside yet. Just inducement to trap buyer. {image}
GU

One scalping to go for NYO

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,455
  • Jun 8, 2022 5:08am Jun 8, 2022 5:08am
can't read the chart, to risky both ways.

my money is on YEN today

AJ and GJ
  • #662,456
  • Jun 8, 2022 5:14am Jun 8, 2022 5:14am
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  • #662,457
  • Jun 8, 2022 5:24am Jun 8, 2022 5:24am
Quoting navk
{quote} I am with you...but buy in NY session. This is what I am looking.

thats true though NY trading can be tricky.
MY OPINION NOT FINANCIAL ADVISE
  • #662,458
  • Jun 8, 2022 5:25am Jun 8, 2022 5:25am
...technically, per 3 candle fractal swing analysis, 1hr is in a downtrend with those 4 x LH's and 2 x LL's...so there is potential for 15min bearish hidden div to develop whilst below 2583, on any further move up. Currently the 5min signal of the same is @ play. 4hr is mixed/rangy.
Trader with an Edge.
  • #662,459
  • Jun 8, 2022 5:37am Jun 8, 2022 5:37am
Quoting donfriday
{quote} thats true though NY trading can be tricky.
I mean 9 am candle one can buy with stop at swing low.

Failure here will be buy opportunity at the last 4 hr candle
Intraday only.
  • #662,460
  • Jun 8, 2022 5:44am Jun 8, 2022 5:44am
SHORT ON GOLD
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