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Cable Update (GBPUSD)

  • #682,941
  • Sep 13, 2022 1:54am Sep 13, 2022 1:54am
Quoting Fardeen1209
{quote} Those lines are Fib or daily& weekly S&R/congestion zone?
sma lines MTF

added long target 1765
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  • #682,942
  • Sep 13, 2022 1:55am Sep 13, 2022 1:55am
Quoting TheWolf
What do some of you think about this? I sometimes feel that the price already has a determined path it has to follow and the news just aid to it. I mean, this can be clearly seen on higher time frames. Even before these news from UK "my" system told me Pound is going up on higher TF's.
Its called natural law. 2 + 2= 4. Financial markets are just the same simply but noticing we deal with numbers. In this case, mathematics has a component, time. So time is key to resolve .
POSTMASTER
  • #682,943
  • Sep 13, 2022 2:01am Sep 13, 2022 2:01am
Quoting PatienceFx
{quote} sma lines MTF added long target 1765 {image}
i am loving this now
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  • #682,944
  • Sep 13, 2022 2:02am Sep 13, 2022 2:02am
Letting it run, first target 1.2000
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  • #682,945
  • Sep 13, 2022 2:03am Sep 13, 2022 2:03am
Quoting PatienceFx
{quote} sma lines MTF added long target 1765 {image}
there is sell zone around 1750/60 before CPI
Intraday only.
  • #682,946
  • Sep 13, 2022 2:07am Sep 13, 2022 2:07am
Quoting Indiara
{quote} I would normally protect my trade by this time, but I know how Frankfurt and London like to play games and perhaps will come back to the 1.17000 line before going up some more. Is a bit risky for me, but if I am wrong, then it's ok, the account will not suffer too much

So Frankfurt did indeed bring the action back to 1.17000, and would have eaten my protecting SL. When London comes, the action reverses and continues up! Frankfurt and London are like children!

If this 15 minute candle closes at about 1.17250, then I will protect the trade.
I am neither brave nor stupid...I am just a part time trader
  • #682,947
  • Sep 13, 2022 2:07am Sep 13, 2022 2:07am
While waiting for sell zone....I'm thinking...
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average dude treading water
  • #682,948
  • Sep 13, 2022 2:12am Sep 13, 2022 2:12am
1st entry 1.1716...target 1510.let's play
  • #682,949
  • Sep 13, 2022 2:13am Sep 13, 2022 2:13am
Quoting navk
{quote} there is sell zone around 1750/60 before CPI
yes i see it
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  • #682,950
  • Sep 13, 2022 2:22am Sep 13, 2022 2:22am
switched to short
the dx is angry
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yes yes yes
  • #682,951
  • Sep 13, 2022 2:27am Sep 13, 2022 2:27am
GU
QM setup may be just a minor correction
Im gonna add to long
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Im bullish on GU therefore imma not short for today.
#noshort
More time in the market, does not mean you trade better!
  • #682,952
  • Sep 13, 2022 2:33am Sep 13, 2022 2:33am
Quoting ScalaFX
{quote} Devil numbers doesnt worked, adding 1692
Both positions earlier stopped by BE, reloading shorts now 1720 pendings 1730 1740 1750 and 60, all long term longs closing now with good profit Im expecting price make a new low one more time this year so Im will be selling every up move
People don't plan to lose. They lose because they don't plan.
  • #682,953
  • Sep 13, 2022 2:39am Sep 13, 2022 2:39am
Quoting Whale
{quote} I need 1.173 seems we will not get it, maybe next asian session.
1.173 hit, my pending triggered
my stoploss is 1.174 - 10 pips
now where are we heading ?

lets start with liquidity pool
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  • #682,954
  • Sep 13, 2022 2:42am Sep 13, 2022 2:42am
Quoting dempire1
{quote} Closing. Will be looking for shorts.
Shorting. Trying retail luck again. Hope for the best.
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How to succeed in zero sum game?
  • #682,955
  • Sep 13, 2022 2:48am Sep 13, 2022 2:48am
Quoting Whale
{quote} 1.173 hit, my pending triggered my stoploss is 1.174 - 10 pips now where are we heading ? lets start with liquidity pool {image}
As regards where to, let me drop some observation here....

✓May Low 1.2155, bounced to 1.2667 (512 pips bounce)
✓June Low 1.1933 bounced to 1.2406 (473 pips bounce)
✓July low 1.1760 bounced to 1.2293 (533 pips bounce)
✓August Low 1.1598, made no bounce

September Low ** 1.1405, current bounce 326 pips (1.1731)

Minimum expected bounce 470 pips
1.1405 + 470 = 1.1875...

Expect September high of Around 1.1875 - 1.1930.

This week high may be limited to 1.1850 but an unfilled gap at 1.1587 still has to be filled sooner or later.

And of course, I may be wrong.
Data + Stat + Risk/Emotions Management
  • #682,956
  • Sep 13, 2022 2:54am Sep 13, 2022 2:54am
Market is building a lovely head and shoulder pattern on M1 chart. Unfortunately, market is on short term up-trend and current order flow is also bullish so I don't have high confidence to short this market.
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With courage, patience, and discipline, success is a matter of time.
  • #682,957
  • Sep 13, 2022 2:58am Sep 13, 2022 2:58am
Quoting Georginson
{quote} As regards where to, let me drop some observation here.... ✓May Low 1.2155, bounced to 1.2667 (512 pips bounce) ✓June Low 1.1933 bounced to 1.2406 (473 pips bounce) ✓July low 1.1760 bounced to 1.2293 (533 pips bounce) ✓August Low 1.1598, made no bounce September Low ** 1.1405, current bounce 326 pips (1.1731) Minimum expected bounce 470 pips 1.1405 + 470 = 1.1875... Expect September high of Around 1.1875 - 1.1930. This week high may be limited to 1.1850 but an unfilled gap at 1.1587 still has to be filled sooner...

ur chance of being wrong is less bro

a range must happen minimum or maximum

nice work
MY OPINION NOT FINANCIAL ADVISE
  • #682,958
  • Sep 13, 2022 3:03am Sep 13, 2022 3:03am
Quoting Reverso
{quote} Finally, some meaningful action to the upside, bringing me to the much needed profit zone, breaking the resistance zone I drew along the way. Confidence increased that this will TP. It's thanks to the GBP Claimant news, but I wonder why it is not a high impact (red) news? Price action seems to indicate it is a high impact, the website Tradingview also label it as high impact but not FF? {image}
Despite after that big green candle the price immediately got beaten down again, after London opened the price resumed upward nicely.
Daily pivot remained below price, supporting bullish bias, the retrace after that big green candle after GBP Claimant news was actually just a retest of the resistance zone, now turned support zone and continued moving up.

Nothing in the upside is blocking the price, price is free to explore upwards and eventually hit my TP.
Things are looking good for my ongoing Long.
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  • #682,959
  • Sep 13, 2022 3:04am Sep 13, 2022 3:04am
Quoting donfriday
{quote} ur chance of being wrong is less bro a range must happen minimum or maximum nice work
Thanks mate.
Data + Stat + Risk/Emotions Management
  • #682,960
  • Sep 13, 2022 3:10am Sep 13, 2022 3:10am
Daily R1 really is a wall to get past. Once above it potentially higher towards 118 at least. Am I right in thinking the UK data was mixed but generally good hence there wasn’t a big move up or down?
Insane in the Brain..
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