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Cable Update (GBPUSD)

  • #697,441
  • Oct 18, 2022 2:10am Oct 18, 2022 2:10am
The remaining area of 1.138 was well filled. And I think the price can continue its downward path and fill the gap & even go to lower prices. Today I will be a seller & the most important L is B that if it is broken, it can make lower levels available
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There is nothing wrong with being kind & loving to each other
  • #697,442
  • Oct 18, 2022 2:11am Oct 18, 2022 2:11am
Yet again we have 30 pips worth of retracement. London really likes that 30 pips I guess.
  • #697,443
  • Oct 18, 2022 2:12am Oct 18, 2022 2:12am
t 08-11 uk time.
this 08-00 to 08-15 candle scalp could be a good one.
Hopefully we will drop below the 00-00 4 hour candle range at 11331 for maybe a bonus trade.
t 08-12
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,444
  • Oct 18, 2022 2:13am Oct 18, 2022 2:13am
Today's plan...

Buy trades from
1.1120 and 1.1100

Sell trades from
1.1450 and 1.1520...

Anything in between is too much of a risk.... Gap at 1.1177 is still yet to close...

Current 4 hours candle plan to end in 1 hour 45 minutes

a buy from 1.1325 is safe... Highest possible pips drawdown is 35 pips... But entry must not be on till next 4 hours candle open.
Data + Stat + Risk/Emotions Management
  • #697,445
  • Oct 18, 2022 2:14am Oct 18, 2022 2:14am
Quoting josip
{quote} dont be scared, wait usindex is close to support 1.1386 is Resistance gbpusd
YES , it was a bulls trap
lost some but now i am short
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yes yes yes
  • #697,446
  • Oct 18, 2022 2:14am Oct 18, 2022 2:14am
Current H1 candle will make a bullish pin bar most probably. Let's see.
WARNING: This post warps space and time in its vicinity.
  • #697,447
  • Oct 18, 2022 2:15am Oct 18, 2022 2:15am
Quoting Moty
{quote} YES , it was a bulls trap lost some but now i am short {image}
It's premature to say at this moment.
WARNING: This post warps space and time in its vicinity.
  • #697,448
  • Oct 18, 2022 2:17am Oct 18, 2022 2:17am
This candle will be a make or break
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WARNING: This post warps space and time in its vicinity.
  • #697,449
  • Oct 18, 2022 2:18am Oct 18, 2022 2:18am
Quoting Robinhood1
In my opinion, cable´s support lies around 1.1270
Most probably. Even if it goes below, the trend is still up. My 3 cents
POSTMASTER
  • #697,450
  • Oct 18, 2022 2:20am Oct 18, 2022 2:20am
Quoting Moty
{quote} YES , it was a bulls trap lost some but now i am short {image}
without technical support it is difficult to trade
don't trade your feelings
Trendlines H1,H4, SMC
  • #697,451
  • Oct 18, 2022 2:21am Oct 18, 2022 2:21am
Quoting Moty
{quote} YES , it was a bulls trap lost some but now i am short {image}

Home run Moty!
  • #697,452
  • Oct 18, 2022 2:21am Oct 18, 2022 2:21am
t 08-20
Cable 08-00 to 08-15 candle. the low broke for a decent scalp of a few %%%.

I am finished for the day.
trdae well all
t 08-21
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,453
  • Oct 18, 2022 2:22am Oct 18, 2022 2:22am
13 mins , 40 pips ,
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yes yes yes
  • #697,454
  • Oct 18, 2022 2:24am Oct 18, 2022 2:24am
Current Rate : 1.13124

Long GBPUSD : 1.13073
S/L : 1.12789
T/P : 1.14635
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Goddess of Thunder..
  • #697,455
  • Oct 18, 2022 2:24am Oct 18, 2022 2:24am
Quoting navk
Scored more, just closed next set shorts. Frankfurt yet to open. {image}
???

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POSTMASTER
  • #697,456
  • Oct 18, 2022 2:25am Oct 18, 2022 2:25am
Quoting TheWolf
15M, 30M and Hourly Say Sell. 4H and Daily still saying Buy.
So you are observing what I have said many times: Change starts from the smaller TFs and progresses upward through the TFs.

You just have to be alert for when a TF fails in the progression.
To free Gazans of Hamas, use whatever it takes.
  • #697,457
  • Oct 18, 2022 2:28am Oct 18, 2022 2:28am
Quoting RaHaG0D
The remaining area of 1.138 was well filled. And I think the price can continue its downward path and fill the gap & even go to lower prices. Today I will be a seller & the most important L is B that if it is broken, it can make lower levels available {image}
Short at 1.13245 - TP : 20 pips
If the price goes up, I will add more & if the last H is reached today, I will exit the trades with a loss
There is nothing wrong with being kind & loving to each other
  • #697,458
  • Oct 18, 2022 2:28am Oct 18, 2022 2:28am
Quoting Fardeen1209
{quote} Agreed, this strategy is game-changing. Every day, I watched the market moves from zone to zone to fill out big order block. **Note: the big order block doesn't necessarily mean one market participant's Orders, it may consist of different participants' orders. How i study the chart? Treat those zones(where liquidity lies) as your destination and the price action is the vehicle to take you to your destination. Once arrived at that destination(zone), you only had 2 decision to make, whether the vehicle will continue the journey or will make a u turn. The Micro(fundamentals) and Price formation will tell you what the market wants and helps you in that decision making. If a trader understand this pretty well, he will not need to be in FF on a daily basis to discuss TA and/or rely on an indicator for entry or exit, unless he/she wants to have different opinions on the fundamentals which is very important(IMO). Well, my view is more for Scalper/intraday trader. Hope that helps others
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Hope that little explanation help.
Any comments are welcomed
More time in the market, does not mean you trade better!
  • #697,459
  • Oct 18, 2022 2:29am Oct 18, 2022 2:29am
You're right, I need to be aware of what's happening,
an hourly or 4-hourly low and high break is a significant thing, I need to always be aware of that
it was look like it want to go up , but there was no conformation
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yes yes yes
  • #697,460
  • Oct 18, 2022 2:29am Oct 18, 2022 2:29am
Quoting DrDave
{quote} So you are observing what I have said many times: Change starts from the smaller TFs and progresses upward through the TFs. You just have to be alert for when a TF fails in the progression.
That makes sense.
Similar to a person growing up, baby,child, adult.
Trdae well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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