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Cable Update (GBPUSD)

  • #698,201
  • Oct 19, 2022 9:24am Oct 19, 2022 9:24am
I think it will test that zone and will go down
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!! Radha Radha !!
  • #698,202
  • Oct 19, 2022 9:26am Oct 19, 2022 9:26am
Quoting TheWolf
{quote} 15M about to confirm buy. Dave, you were right! Buy confirmed. Entered long. Key: IT'S NEVER THE FIRST BUY! That's why the system is set up to bounce off first buy or sell, fake buy and sell, then if second comes it confirms. Let's see some momentum now. I expect a good momentum up now to justify good news for Pound (CPI). {image}
This is as I have said before: A rally on a bigger TF that would be a counter-trend BUY in a DOWN TREND trend can be a BUY continuation in an UP TREND on the proper smaller TF.
To free Gazans of Hamas, use whatever it takes.
  • #698,203
  • Oct 19, 2022 9:26am Oct 19, 2022 9:26am
for 20 pips
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yes yes yes
  • #698,204
  • Oct 19, 2022 9:26am Oct 19, 2022 9:26am
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  • #698,205
  • Oct 19, 2022 9:27am Oct 19, 2022 9:27am
i do not like the PA for bulls

A gap fill would feel better
COT: The precious data ignored
  • #698,206
  • Oct 19, 2022 9:27am Oct 19, 2022 9:27am
Quoting TheWolf
{quote} 15M about to confirm buy. Dave, you were right! Buy confirmed. Entered long. Key: IT'S NEVER THE FIRST BUY! That's why the system is set up to bounce off first buy or sell, fake buy and sell, then if second comes it confirms. Let's see some momentum now. I expect a good momentum up now to justify good news for Pound (CPI). {image}
My ATR indicator shows that you could expect to bank at least 10 pips on that swing.
To free Gazans of Hamas, use whatever it takes.
  • #698,207
  • Oct 19, 2022 9:28am Oct 19, 2022 9:28am
Quoting DrDave
{quote} This is as I have said before: A rally on a bigger TF that would be a counter-trend BUY in a DOWN TREND trend can be a BUY continuation in an UP TREND on the proper smaller TF.
So, you look at Daily right? Then H4 then H1 and on and on and on?
  • #698,208
  • Oct 19, 2022 9:28am Oct 19, 2022 9:28am
USD/JPY 149.780 is the highest price for this pair today I think.
  • #698,209
  • Oct 19, 2022 9:30am Oct 19, 2022 9:30am
The world is plunging into another Global Financial Crisis

Meanwhile Joe Biden:
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With courage, patience, and discipline, success is a matter of time.
  • #698,210
  • Oct 19, 2022 9:31am Oct 19, 2022 9:31am
Quoting DrDave
{quote} My ATR indicator shows that you could expect to bank at least 10 pips on that swing.
15 pips so far. I might exit though.. enough profit already..just saw 15M confirming buy so I had to go long. Paying respect to the system. Thanks again for advising me to close shorts. I actually closed them at the best price possible! 10 pips from todays bottom..

Closed long! For today I am DONE. GL to the rest of you!
  • #698,211
  • Oct 19, 2022 9:32am Oct 19, 2022 9:32am
Quoting TheWolf
{quote} If SL gets hit I'm done for today. More than happy with profit!! Also, if SL gets hit I smell stupid range again. We did have a sell, but it's nothing really, 100 pips? That's nothing for this pair. COME ON ROCKYYYYYYYYYYYY (ROCKET). LoL That's why I like suggestions.. if it wasn't for Dave making me doubt myself today, I might have been still shorting this.. Thanks DrKnowAllAndThenSome!
If your account is big enough to handle anticipated big drawdown, you could have kept your short trades while H1 and maybe H2 do the rally. So you would likely be underwater at least overnight.

Unless, of course, the smaller TFs don't co-operate and fall back before the rally can reach H1.
To free Gazans of Hamas, use whatever it takes.
  • #698,212
  • Oct 19, 2022 9:34am Oct 19, 2022 9:34am
Quoting JameRomeo168
The world is plunging into another Global Financial Crisis Meanwhile Joe Baiden: {image}
the grandpa is like 80 or something, high on 10 different meds
  • #698,213
  • Oct 19, 2022 9:39am Oct 19, 2022 9:39am
Quoting LvMMT
{quote} ...I have approximately the same supports as you... resistences...not so much... here.... {quote} the horizontal lines with yellow or blue..are yours... the rectangles are mine... {image} God bless you josip and God bless everyone!
it sounds like ...range...or just accumulation...
we see...
Eur Usd is closed...
going for Gold ...and Gbp Usd...H4 looks promising to me...
M30...not really...

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God bless everyone
The only impartial feeling is love. It is also the only feeling of God.
  • #698,214
  • Oct 19, 2022 9:39am Oct 19, 2022 9:39am
Quoting TheWolf
{quote} So, you look at Daily right? Then H4 then H1 and on and on and on?
No. I don't use the abysmal MetaQuotes platform for my charting analysis. I use custom TFs on a better platform. But I do start my top-down analysis with at least the 1 Month TF, and step down the TFs from there, all the way to the 1 minute TF. But really, with a multi-TF indicator on my charts, I can skip over looking at several TFs.
To free Gazans of Hamas, use whatever it takes.
  • #698,215
  • Oct 19, 2022 9:40am Oct 19, 2022 9:40am
Quoting Polimini
{quote} the grandpa is like 80 or something, high on 10 different meds
Nancy Pelosi controls him and she is a granny herself.
  • #698,216
  • Oct 19, 2022 9:43am Oct 19, 2022 9:43am
Quoting DrDave
{quote} If your account is big enough to handle anticipated big drawdown, you could have kept your short trades while H1 and maybe H2 do the rally. So you would likely be underwater at least overnight. Unless, of course, the smaller TFs don't co-operate and fall back before the rally can reach H1.
If the sell gave more pips down, I would have stayed, however the sell was too weak in my opinion for this particular pair. Of course you helped me to look more objectively at the sell.

H4 did confirm sell, but this Daily chart is what I'm worried about.. Daily chart still suggests this is buy. It just touched gray line and retracted up, like it bounced off of gray line up, 1.122 which a lot of traders were mentioning here today could be a strong Support. It didn't break the gray line (Support).
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  • #698,217
  • Oct 19, 2022 9:43am Oct 19, 2022 9:43am
Quoting Polimini
{quote} the grandpa is like 80 or something, high on 10 different meds
Only 10 meds??? I guess I did not see the report that he was scaling down on the number of psychotropics in his medical menagerie.
To free Gazans of Hamas, use whatever it takes.
  • #698,218
  • Oct 19, 2022 9:44am Oct 19, 2022 9:44am
Quoting suhas316
I think it will test that zone and will go down {image}
15M chart
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!! Radha Radha !!
  • #698,219
  • Oct 19, 2022 9:45am Oct 19, 2022 9:45am
Long GU at 1.12521 - 5pip SL
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"Exchange of hands"
  • #698,220
  • Oct 19, 2022 9:45am Oct 19, 2022 9:45am
Quoting DrDave
{quote} No. I don't use the abysmal MetaQuotes platform for my charting analysis. I use custom TFs on a better platform. But I do start my top-down analysis with at least the 1 Month TF, and step down the TFs from there, all the way to the 1 minute TF. But really, with a multi-TF indicator on my charts, I can skip over looking at several TFs.
Oh.. yeah yeah yeah. You mentioned some custom TF's already which we don't have on MT4 yeah..
I'm satisfied with what I have. I'm also not good at programming so.. and I don't even know which TF is good and don't have time for finding out.
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