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Cable Update (GBPUSD)

  • #701,541
  • Oct 28, 2022 3:42am Oct 28, 2022 3:42am
Quoting Knoxvilles
No supply area forming here. The no demand areas are supported by low volume, the no supply areas are supported by high volume. I'd prefer to trade with high order/Bank banking then retail. {image}

Still waiting on 5min no supply confirmation. May see further break to S/R 15 pips away. Volume suggests smart money support to upside still currently. Unless a lot of people had buy orders ready past the 61.8 at no S/R level for some reason. Enough people to stop the market.
The markets are neutral to us. Our emotions are the enemy.
  • #701,542
  • Oct 28, 2022 3:43am Oct 28, 2022 3:43am
ok , i am confected
i will not argue with you about 3 pips
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yes yes yes
  • #701,543
  • Oct 28, 2022 3:50am Oct 28, 2022 3:50am
Elliot waves is not an exact science,
sometimes it can be 3 waves and sometimes 4 and even 5,
depending on the strength of the trend
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yes yes yes
  • #701,544
  • Oct 28, 2022 3:53am Oct 28, 2022 3:53am
Quoting thevisitor
Will short around 1.1530-40 for 1.1480
Short 1.1530
Sl positive
  • #701,545
  • Oct 28, 2022 3:54am Oct 28, 2022 3:54am
Price bounced off S/R from Mid September and a fib zone from the small down move. I still have a long opinion at this moment, Will continue to look for No supply on 5 min candle on retrace.

Would have likely taken 1 min no supply candles from earlier as has been effective lately. But decided to test further using both methods.
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The markets are neutral to us. Our emotions are the enemy.
  • #701,546
  • Oct 28, 2022 3:59am Oct 28, 2022 3:59am
Quoting thevisitor
{quote} Short 1.1530 Sl positive
Out + 1 and long
  • #701,547
  • Oct 28, 2022 4:00am Oct 28, 2022 4:00am
Quoting Pat Chiko
{quote} Good observation GU Maybe she want to play ranges today.{image} GBP/USD remains above key support at 1.1500, which supports the possibility of a continuation of the pair’s bullish trend on the day and in the short term, with next targets at 1.1700 and 1.1855.
similar PA happened last week, friday

NYO broke the support and then started flying
Intraday only.
  • #701,548
  • Oct 28, 2022 4:02am Oct 28, 2022 4:02am
Quoting Purple
Short from 1.1515 … no buyers in market and it’s Friday, lot of longs taken during the week will close their trades today.
Booked loss, reversed position long from 1.1526, hourly close candle is bullish, TP open.
  • #701,549
  • Oct 28, 2022 4:02am Oct 28, 2022 4:02am
Long 11519 (sorry a bit late to post)
Will add on dips for now
COT: The precious data ignored
  • #701,550
  • Oct 28, 2022 4:05am Oct 28, 2022 4:05am
Quoting Pat Chiko
{quote} Thanks Whale, Plotting my chart to most likely senario for next moves would be around 1.138 zone where H4TL holding well. The price just bounce off from DTL on top and will be finding LQ on those RSF and H4TL confluence Waititng for SHORT set up{image}
Seems like.
i meant that i will not take a long before 1.145 will form.
I will wait to copy you because i dont feel like analyzing charts today.
  • #701,551
  • Oct 28, 2022 4:08am Oct 28, 2022 4:08am
Quoting Jolita
{quote} My TP is 1709, holding until then
Price went deeper still today so my target reaches 1699. We are starting to match
POSTMASTER
  • #701,552
  • Oct 28, 2022 4:10am Oct 28, 2022 4:10am
lets see if i get my 1475
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  • #701,553
  • Oct 28, 2022 4:16am Oct 28, 2022 4:16am
Quoting Purple
{quote} Booked loss, reversed position long from 1.1526, hourly close candle is bullish, TP open.
Will reverse again if price breaks 1.1500
  • #701,554
  • Oct 28, 2022 4:22am Oct 28, 2022 4:22am
Hello friends

Another long day at work today, but not as long as yesterday. Things are getting organised a bit better so hopefully everything will settle down.

I have probably missed my chance of any trades today, but I will wait around and see what happens
I am neither brave nor stupid...I am just a part time trader
  • #701,555
  • Oct 28, 2022 4:30am Oct 28, 2022 4:30am
Quoting Indiara
Hello friends Another long day at work today, but not as long as yesterday. Things are getting organised a bit better so hopefully everything will settle down. I have probably missed my chance of any trades today, but I will wait around and see what happens

Hi, the last 3 days wed/thur/fri we have had inside bars on the U/J 4 hour chart and some nice moves too.
Hope you are well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #701,556
  • Oct 28, 2022 4:31am Oct 28, 2022 4:31am
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The markets are neutral to us. Our emotions are the enemy.
  • #701,557
  • Oct 28, 2022 4:33am Oct 28, 2022 4:33am
the last move it's a clear retracement
eu and aussie supporting in a upward move
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yes yes yes
  • #701,558
  • Oct 28, 2022 4:36am Oct 28, 2022 4:36am
uj today , easy money
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yes yes yes
  • #701,559
  • Oct 28, 2022 4:37am Oct 28, 2022 4:37am
Quoting billytt
{quote} Hi, the last 3 days wed/thur/fri we have had inside bars on the U/J 4 hour chart and some nice moves too. Hope you are well.
What a pity that I have missed them billytt. I have done a whole weeks work in 3 days, not including the normal week! I'm good though, but looking forward to a good rest this weekend
I am neither brave nor stupid...I am just a part time trader
  • #701,560
  • Oct 28, 2022 4:41am Oct 28, 2022 4:41am
Entered a long on Cable at 1.1518. Probably not the best price as 1.14. Will add if it dips.

Also entered a short on the USDJPY pair at 147.71. Time to get ready for the weekend, to the dance tunes.

Next Monday, wrapping up gains for Oct. Tuesday, take a break from Euro holiday. Wednesday, back for FOMC.
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