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Cable Update (GBPUSD)

  • #697,001
  • Oct 16, 2022 5:06pm Oct 16, 2022 5:06pm
Quoting thevisitor
{quote} Pat, shs formation?{image}
Nope
Attached Image (click to enlarge)
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  • #697,002
  • Oct 16, 2022 5:13pm Oct 16, 2022 5:13pm
Quoting thevisitor
{quote} Nope{image}

You might have grabbed an older image?
  • #697,003
  • Oct 16, 2022 5:13pm Oct 16, 2022 5:13pm
Quoting thevisitor
{quote} Nope{image}
It's all a matter of perspective
Trading is discretionary
  • #697,004
  • Oct 16, 2022 5:19pm Oct 16, 2022 5:19pm
Quoting Pat Chiko
{quote} Today market is watching J. Hunt. Jeremy Hunt is already chatting austerity, less than 24hrs after getting the job. No new ideas, just a further assault on our fragile public services punishing the most vulnerable in our society. (He came out with, Austerity Round 2 and he was a big part of Austerity Round 1. ) Yesterday he was a failed Health Secretary demoted to the back benches. Today he is responsible for the future of our economy. What could possibly go wrong?
yup he is a failure, but might last longer than the last idiot.

Problem is if thick Lizzy goes we’ll get another leadership contest and non governance (if there is any) and the Tory’s won’t hit the election button knowing they will get annihilated in any GE right now
Insane in the Brain..
  • #697,005
  • Oct 16, 2022 5:21pm Oct 16, 2022 5:21pm
Current Rate : 1.12331

Daily Pivot Analysis:
Pivot : 1.12320
Bias : Moderately Bearish

Short GBPUSD : 1.12295
S/L : 1.12626
T/P : 1.09855
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Blue01.png Size: 10 KB
Goddess of Thunder..
  • #697,006
  • Oct 16, 2022 5:28pm Oct 16, 2022 5:28pm
Quoting dantpm
{quote} You might have grabbed an older image?
Yes
only a simple example
Take a look at the charts, in hindsight
You would be surprised
  • #697,007
  • Oct 16, 2022 5:46pm Oct 16, 2022 5:46pm
If we are talklng about SHOULDER-HEAD-SHOULDER patterns
I can see an inverse SHS pattern
Attached Image (click to enlarge)
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  • #697,008
  • Oct 16, 2022 5:46pm Oct 16, 2022 5:46pm
Quoting BigNumbers
{image}
I'm letting the chart do the talking.. Jut take notes and learn..
I posted it since yesterday, always before the move.

The entry and tp were started there on the chart...
Take note and examine the chart and learn how to draw these lines

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #697,009
  • Oct 16, 2022 6:01pm Oct 16, 2022 6:01pm
Senriment,
balanced
Attached Image (click to enlarge)
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  • #697,010
  • Oct 16, 2022 6:05pm Oct 16, 2022 6:05pm
Price can go either way... that should be the mind of a trader who wants to be successful.. and allow your stop get hit.. stop adjusting your stop.
but you have a direction your action is pointing at .


Now price action said, we should go short at 1.12343 and tp at 1.10983 (137 PIPS)... and we are short but if the price breaks above then we go long and tp at 1.13099
Attached Image (click to enlarge)
Click to Enlarge Name: action.png Size: 28 KB
My telegram: https://t.me/avidforex
  • #697,011
  • Oct 16, 2022 6:17pm Oct 16, 2022 6:17pm
Quoting BigNumbers
Price can go either way... that should be the mind of a trader who wants to be successful.. and allow your stop get hit.. stop adjusting your stop. but you have a direction your action is pointing at . Now price action said, we should go short at 1.12343 and tp at 1.10983 (137 PIPS)... and we are short but if the price breaks above then we go long and tp at 1.13099 {image}
From my previous post i said GBP is going to be very strong.. This is because GBPAUD and GBPNZD are heading up to monthly liquidity level... and this may affect GBPUSD as well.

So we have that in mind, if GU breaks above and we take the lost, which is normal.. in my last two post we netted over 200 pips and just this morning we netted over 70 pips.. so we should be willing to give out -25 pips in search for another trade that could give us another 100 pips or even more... This is the way of the market
My telegram: https://t.me/avidforex
  • #697,012
  • Oct 16, 2022 6:37pm Oct 16, 2022 6:37pm
Quoting Yngwie
Journey to 1.1495 continues
Delay due to Friday news. Here we go again
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #697,013
  • Oct 16, 2022 7:09pm Oct 16, 2022 7:09pm
If the 15min candle closes above the box... we exit our sells and go long and tp @1.13099.. we risk about 20 pips which is very good..

Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #697,014
  • Oct 16, 2022 7:56pm Oct 16, 2022 7:56pm
Quoting BigNumbers
If the 15min candle closes above the box... we exit our sells and go long and tp @1.13099.. we risk about 20 pips which is very good.. {image}

Price refuse to break the box on the 15mins so our shorts hold and lets watch it..

Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #697,015
  • Oct 16, 2022 8:11pm Oct 16, 2022 8:11pm
Quoting BigNumbers
{quote} Price refuse to break the box on the 15mins so our shorts hold and lets watch it.. {image}
easy money
people leave, but this thread will go on for ever
  • #697,016
  • Oct 16, 2022 8:33pm Oct 16, 2022 8:33pm
good morning, starting a new journey today
Attached Image (click to enlarge)
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  • #697,017
  • Edited 8:55pm Oct 16, 2022 8:39pm | Edited 8:55pm
It has gap up as expected due to some announcement.

The PA should test r1 first above 1200.

If 1200 breaks... then down ... to fill the gap.

My chart :

Clean, without trades.

Waiting for price to test liquidity areas
Intraday only.
  • #697,018
  • Oct 16, 2022 8:45pm Oct 16, 2022 8:45pm
Im going to BUY around 1.01, but selling now
Attached Image (click to enlarge)
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Toohok your indicators, useless!
  • #697,019
  • Edited 10:24pm Oct 16, 2022 9:39pm | Edited 10:24pm
Quoting Robinhood1
{quote} GJ to make new high soon BoR
closed GJ nice profits. No new high for now and short signal. I am gonna see if it retraces a bit more
POSTMASTER
  • #697,020
  • Oct 16, 2022 9:40pm Oct 16, 2022 9:40pm
Quoting Robinhood1
Gold Short Visual Pattern Recognition. Will catch retracement. {image}
Went in. short
POSTMASTER
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