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Cable Update (GBPUSD)

  • #691,101
  • Oct 3, 2022 7:39am Oct 3, 2022 7:39am
Quoting Pat Chiko
{quote} Maybe, the got lost somewhere. Anyway, today is cloudy day for my regular jog Warm air and nice view.......{image}
Hahahah, took me a minute to notice the cloudbear

Hourly chart very close to confirming long! Basically, if this candle turns green, we have long position for today.
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  • #691,102
  • Oct 3, 2022 7:42am Oct 3, 2022 7:42am
Cable. We had a couple of chances to snatch/scalp a pip or two off the 08-00 15 min bar high break and re entry on price drop on uk open.

i was hoping for price to drop to (08-00 bar low) 11164 for a cunning short scalp.
It is a bit late in the day for me now.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,103
  • Oct 3, 2022 7:46am Oct 3, 2022 7:46am
Looking for a TP just below 1.3500, SL is set at B/E
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  • #691,104
  • Oct 3, 2022 7:48am Oct 3, 2022 7:48am
Quoting TheWolf
{quote} Pat, you basically use 4H to identify strong demand/supply zone and 30M for micro management of the trade?
Trying to find H4 Liquidity and using M30 to pin point N3.
H4 candle to close in 13 mins
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #691,105
  • Oct 3, 2022 7:48am Oct 3, 2022 7:48am
Long Signal!

Have a feeling Hourly will close on 1.1250 price to fool traders thinking it will go short from here again.
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  • #691,106
  • Oct 3, 2022 7:54am Oct 3, 2022 7:54am
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Quoting TheWolf
{quote} Pat, you basically use 4H to identify strong demand/supply zone and 30M for micro management of the trade?

plus cable is on an inside bar on the 4 hour chart. ( the 08-00 to 12-00) UK time.
That is usually a good indicator or movement when the break happens.
BUT,,,,,, today is a weird sort of day.
Trade Well All.

edit....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,107
  • Oct 3, 2022 7:57am Oct 3, 2022 7:57am
Quoting billytt
{quote} plus cable is on an inside bar on the 4 hour chart. ( the 08-00 to 12-00) UK time. That is usually a good indicator or movement when the break happens. BUT,,,,,, today is a weird sort of day. Trade Well All.
Maybe price will range actually today. That's the worst case scenario. Short isn't an option based on my system, but range is probable.
  • #691,108
  • Oct 3, 2022 7:57am Oct 3, 2022 7:57am
when the price is not weird, I want to know.
Intraday only.
  • #691,109
  • Oct 3, 2022 7:58am Oct 3, 2022 7:58am
Quoting Georginson
Sold 1.1220... target 1.1170... second sell limit @ 1.1265...
Manually exited at 1.1218... +2 pips... Reason for exit is new 4 hours candle to open in 3 minutes time may bring new surprise,I do wait for the candle to space at least 60 pips before another entry.
Data + Stat + Risk/Emotions Management
  • #691,110
  • Oct 3, 2022 8:03am Oct 3, 2022 8:03am
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  • #691,111
  • Oct 3, 2022 8:03am Oct 3, 2022 8:03am
short

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POSTMASTER
  • #691,112
  • Edited 8:15am Oct 3, 2022 8:04am | Edited 8:15am
Yeah, wait for the news in an hour and hope it will be either disaster or excellent to actually move the price even a little bit..

Price doesn't make sense so far. Euro and Pound contradicting each other and Dollar going up at the same time vs Yen but falling vs Pound. If the news don't give any action, I don't expect anything today then.

Best is to do nothing, but if you're itching for some action go long.

Just as I wrote this, Euro started going up with Pound in unison. Okay..
  • #691,113
  • Oct 3, 2022 8:05am Oct 3, 2022 8:05am
Quoting TheWolf
{quote} Maybe price will range actually today. That's the worst case scenario. Short isn't an option based on my system, but range is probable.
since 08-00 uk time, price has moved slowly, i would say cautiously too. in the range mode. im sure it will shift.

I just normally take a point or two , today was extra special, i took 7.lol
as you say. stick to your plan.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,114
  • Oct 3, 2022 8:08am Oct 3, 2022 8:08am
Inserted Video
  • #691,115
  • Oct 3, 2022 8:11am Oct 3, 2022 8:11am
Quoting Indiara
If TP is not hit before sleepy time, I will remove TP and go back to the original plan. {image}
So now is sleepy time as I have to work in the morning. I removed TP and original plan is back

Happy hunting everyone, see you tomorrow
I am neither brave nor stupid...I am just a part time trader
  • #691,116
  • Oct 3, 2022 8:13am Oct 3, 2022 8:13am
Quoting Georginson
{quote} Manually exited at 1.1218... +2 pips... Reason for exit is new 4 hours candle to open in 3 minutes time may bring new surprise,I do wait for the candle to space at least 60 pips before another entry.
One or two trades in London + 1 trade in Asia is usually enough for me.

These days I hate to sit Infront of PC
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Intraday only.
  • #691,117
  • Oct 3, 2022 8:14am Oct 3, 2022 8:14am
went long from 1.12, stop loss under 1.115, target is 1.135+
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #691,118
  • Oct 3, 2022 8:15am Oct 3, 2022 8:15am
Quoting Robinhood1
short {image}
Deep
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POSTMASTER
  • #691,119
  • Oct 3, 2022 8:17am Oct 3, 2022 8:17am
Who said:

I hit the ground running ...

but then the ground hit me back!
To free Gazans of Hamas, use whatever it takes.
  • #691,120
  • Oct 3, 2022 8:20am Oct 3, 2022 8:20am
Quoting DrDave
Who said: I hit the ground running ... but then the ground hit me back!
Naftali Benet
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