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Cable Update (GBPUSD)

  • #701,581
  • Oct 28, 2022 5:25am Oct 28, 2022 5:25am
Plz correct me if im wrong but it looks like GU is forming a Bearish Flag
Lou Vincii Code
  • #701,582
  • Oct 28, 2022 5:29am Oct 28, 2022 5:29am
Quoting Yngwie
Long 1.1525 SL 1.1495
Closed +10 looking short setup
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #701,583
  • Oct 28, 2022 5:30am Oct 28, 2022 5:30am
Think sell has run out, try to build buys from here
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  • #701,584
  • Oct 28, 2022 5:31am Oct 28, 2022 5:31am
Quoting RemyLou
Plz correct me if im wrong but it looks like GU is forming a Bearish Flag
H&S also
But try to avoid to trade chart pattern, cause the institutions also watched the chart formation.
More time in the market, does not mean you trade better!
  • #701,585
  • Oct 28, 2022 5:38am Oct 28, 2022 5:38am
Quoting bilal1947
{quote} they can see who post it dont worry! Edit: by the way, be kind enough to post the REF when you mostly copy paste stuff from twitter to your posts.
He's just asked you not to use his chart, which is fair enough, just respect his wishes and don't be a "Karen" about it ...
  • #701,586
  • Oct 28, 2022 5:40am Oct 28, 2022 5:40am
Quoting Waveskierrob
{quote} He's just asked you not to use his chart, which is fair enough, just respect his wishes and don't be a "Karen" about it ...
Okay Sir, i didnt ignore his msg and responded him already and dont be "Karen" about it either.
"Exchange of hands"
  • #701,587
  • Oct 28, 2022 5:41am Oct 28, 2022 5:41am
Quoting YellowFellow
{quote} I think you are right mate! Short Swissy brought me loss :-(
Look at 1H: it's making a rally to a bigger DOWN bias. So how is that rally created? By the smaller TFs going into uptrends, exactly as you can see. So the price is in a range only if you go to a high enough TF where these swings of the smaller TFs are "absorbed" into the bars of the higher TF.

And whenever the up trends fail to progress all the way to the 1H, then they have to start over again with 1m. And your "ranging" on larger TFs continues.

The fact that the volatility is quite low simply means the swings in the uptrends don't offer much for buyers, and failures that go back down are also so weak that they do not offer much for sellers.
To free Gazans of Hamas, use whatever it takes.
  • #701,588
  • Oct 28, 2022 5:42am Oct 28, 2022 5:42am
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yes yes yes
  • #701,589
  • Oct 28, 2022 5:46am Oct 28, 2022 5:46am
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possible rule making for the 5 min short . Waiting
  • #701,590
  • Oct 28, 2022 5:47am Oct 28, 2022 5:47am
Quoting Fardeen1209
{quote} H&S also But try to avoid to trade chart pattern, cause the institutions also watched the chart formation.
Thank you
Lou Vincii Code
  • #701,591
  • Oct 28, 2022 5:58am Oct 28, 2022 5:58am
Quoting DrDave
{quote} Look at 1H: it's making a rally to a bigger DOWN bias. So how is that rally created? By the smaller TFs going into uptrends, exactly as you can see. So the price is in a range only if you go to a high enough TF where these swings of the smaller TFs are "absorbed" into the bars of the higher TF. And whenever the up trends fail to progress all the way to the 1H, then they have to start over again with 1m. And your "ranging" on larger TFs continues. The fact that the volatility is quite low simply means the swings in the uptrends don't offer...
I'm going to sit by the sidelines until NY session warms up. I find Fridays and Mondays difficult to trade.
Meditate -> Workout -> Good Food = Good Life!
  • #701,592
  • Oct 28, 2022 6:03am Oct 28, 2022 6:03am
Quoting bilal1947
{quote} Okay Sir, i didnt ignore his msg and responded him already and dont be "Karen" about it either.
Well folks I tried but some just don't have the bus fare
  • #701,593
  • Oct 28, 2022 6:03am Oct 28, 2022 6:03am
Quoting Purple
{quote} Booked loss, reversed position long from 1.1526, hourly close candle is bullish, TP open.
Closed 2 1.1536

waiting for better setup.
  • #701,594
  • Oct 28, 2022 6:08am Oct 28, 2022 6:08am
Trap more traders and continue with intended direction.
Plan your trades and trade your plan.
  • #701,595
  • Oct 28, 2022 6:08am Oct 28, 2022 6:08am
Quoting Pat Chiko
{quote} DXY Testing SRF zone{image}
@CHIKO

THEIR GAME.

SEE MY PIC PLZ.

DXY = 113.492

Need your time.
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  • #701,596
  • Oct 28, 2022 6:09am Oct 28, 2022 6:09am
Sl is in place
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yes yes yes
  • #701,597
  • Oct 28, 2022 6:11am Oct 28, 2022 6:11am
Quoting RemyLou
Plz correct me if im wrong but it looks like GU is forming a Bearish Flag
GU has been bearish for a long time now. This uptick is probably just a retracement. Though with the pair breaching the 26.3 fibo and hitting the 38.2 fibo, I am looking at the 1.03 level being breached again before I can be confident that the pair still has more lower levels to go.

Currently, there is a likelihood for the pair to establish and consolidate at the current bottom.
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"No trade is still a trade." - Peter Borish
  • #701,598
  • Oct 28, 2022 6:14am Oct 28, 2022 6:14am
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  • #701,599
  • Oct 28, 2022 6:23am Oct 28, 2022 6:23am
Quoting PatienceFx
{image}
Hello dear.

Can you share your economic calendar indicator?
He who loves correction loves knowledge, but he who hates reproof is stupid
  • #701,600
  • Oct 28, 2022 6:26am Oct 28, 2022 6:26am
GU < 1.14389

GU will touch 1.13566........1.13366........

My eyes : GU = 1.12688.

B......O.......O.........M.... !!!

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CPUmice