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Cable Update (GBPUSD)

  • #691,341
  • Oct 4, 2022 1:43am Oct 4, 2022 1:43am
Quoting Indiara
{quote} This is the reason why I don't like to enter trades at this time. I will do it if I have a great set up, but mostly I'm to scared to enter until London has come online and the market has settled into it's routine
Entering a trade on London open is deadly. Cause many would settle their account for previous day or lastnight/OTC transactions.
If is was already open before Frankfurt, then let it rides
More time in the market, does not mean you trade better!
  • #691,342
  • Oct 4, 2022 1:44am Oct 4, 2022 1:44am
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Quoting elbert3
1.1303 1311 and 1.1351 hopefully
3rd and 4th target hit to the tl
  • #691,343
  • Oct 4, 2022 1:46am Oct 4, 2022 1:46am
Quoting Fardeen1209
{quote} Entering a trade on London open is deadly. Cause many would settle their account for previous day or lastnight/OTC transactions. If is was already open before Frankfurt, then let it rides
This is my thinking too
I am neither brave nor stupid...I am just a part time trader
  • #691,344
  • Oct 4, 2022 1:47am Oct 4, 2022 1:47am
Even EU is developing a small candle body though DXY have a bigger candle body than EU.(30mins)
Sellers are hiding their sell orders and retails are getting trapped. Untill then, Waiting for the first 30mins to pass in LO.
More time in the market, does not mean you trade better!
  • #691,345
  • Oct 4, 2022 1:54am Oct 4, 2022 1:54am
on R
waiting for H4 to close
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Trendlines H1,H4, SMC
  • #691,346
  • Oct 4, 2022 1:55am Oct 4, 2022 1:55am
Quoting Fardeen1209
{quote} Entering a trade on London open is deadly. Cause many would settle their account for previous day or lastnight/OTC transactions. If is was already open before Frankfurt, then let it rides

that is why i like the London Open, BUMP, movement. orders going in etc...This is before hunting the retailers, If they do???
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,347
  • Oct 4, 2022 1:55am Oct 4, 2022 1:55am
I know GU is going to move down but i am afraid that it will trigger my SL first as london open is approching and its bout to go crazy in first 15 min
  • #691,348
  • Oct 4, 2022 1:56am Oct 4, 2022 1:56am
Quoting gatorinla
At 1.1350 I start looking to short. If this was the eu. 45 pips would be enough slip, The GBP requires more. I will look for entries till about 1.14 tp 1.0916.. So my stop will adjust to tp. that tp is about 430+ pips. I like a risk 1 to 10 reward.. In this case it may be 1 to 8 or 9. A short signal at 1.1375 risk money, and double the reward money at tp. {image}
took one short at 1375.. pend another at 1385. Back to bed.
those who can, do. those who cant, talk about those who can
  • #691,349
  • Oct 4, 2022 1:58am Oct 4, 2022 1:58am
Thank you mister Aussie
I lost 21 $ when it stepped me in the morning at the interest rate announcement
But i entered again and retrieved the hostages
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yes yes yes
  • #691,350
  • Oct 4, 2022 1:59am Oct 4, 2022 1:59am
t 07-58 hopefully this 07-45 bar low witll trigger, down to 1.
1344
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,351
  • Oct 4, 2022 2:00am Oct 4, 2022 2:00am
Short target would be 1.235 if if that 1.375 was the dates high
  • #691,352
  • Oct 4, 2022 2:01am Oct 4, 2022 2:01am
Trying to short
1.13640 is res that can dropped for 50 pips i think
Dx can fly from here
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yes yes yes
  • #691,353
  • Oct 4, 2022 2:03am Oct 4, 2022 2:03am
Hello, here is my plan for today and next days, good luck everyone...
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  • #691,354
  • Oct 4, 2022 2:07am Oct 4, 2022 2:07am
Quoting Pat Chiko
{quote} GBP NZD Moving to tighter Stop Loss. Spike to induce seller to provide liquidity for buyer. {image}
Glad I was able to provide some good info! Nice trade!

Alright, I caught some time actually. My intuition tells me this is the last buy we will have before the drop, this Daily candle. Asians gace buy, Frankfurt buy. London buy.. London buy, sell, buy and NYO Sell.

Otherwise, we are witnessing a reversal not a retracement in my opinion which is highly unlikely especially for Pound!

Just my take on this.. GL!
  • #691,355
  • Oct 4, 2022 2:07am Oct 4, 2022 2:07am
London Open has not killed the run up, so I have a Buy trade

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I am neither brave nor stupid...I am just a part time trader
  • #691,356
  • Oct 4, 2022 2:10am Oct 4, 2022 2:10am
t08-08
Cable, i always prefer to short cable. DFont ask why as i do not know.

So i did hope for the 07-45 15 min bar low to break, but it didnt.
The high broke and i went long. i got my %% .
I will now hopefully trade off the 08-00 15 minute bar chart. Lets see.
t 08-10
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,357
  • Oct 4, 2022 2:11am Oct 4, 2022 2:11am
Quoting Indiara
London Open has not killed the run up, so I have a Buy trade {image}
Eeeek....it got to 1 pip before my TP and ran away! Never mind, trade is protected now
I am neither brave nor stupid...I am just a part time trader
  • #691,358
  • Oct 4, 2022 2:12am Oct 4, 2022 2:12am
Quoting Moty
Trying to short 1.13640 is res that can dropped for 50 pips i think Dx can fly from here {image}
Im waiting for touching S
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Trendlines H1,H4, SMC
  • #691,359
  • Oct 4, 2022 2:13am Oct 4, 2022 2:13am
Quoting billytt
t 07-58 hopefully this 07-45 bar low witll trigger, down to 1. 1344

it didnt break low, but the High. i went long as posted. got my %%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #691,360
  • Oct 4, 2022 2:14am Oct 4, 2022 2:14am
Quoting ForexGoose
went long from 1.12, stop loss under 1.115, target is 1.135+ {image}
1.146 is my ideal target but it looks stretched
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
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