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Cable Update (GBPUSD)

  • #702,021
  • Edited 4:10am Oct 31, 2022 3:57am | Edited 4:10am
Looking at these 11533/47 zone for buys (m5)

But ideally a drop inside m1 zone 11524/32 then bounce off above will make buy strongly
COT: The precious data ignored
  • #702,022
  • Oct 31, 2022 4:00am Oct 31, 2022 4:00am
Quoting Yngwie
I want to sell but already oversold. maybe going up soon. 1.1530 maybe lowest today
yes , wait , it will retrace now
i'm out from short
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yes yes yes
  • #702,023
  • Oct 31, 2022 4:00am Oct 31, 2022 4:00am
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  • #702,024
  • Oct 31, 2022 4:00am Oct 31, 2022 4:00am
Let try small risk. Long 1.1543 SL 1.1515
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #702,025
  • Oct 31, 2022 4:01am Oct 31, 2022 4:01am
Quoting TheWolf
{quote} Unfortunately I am too late.. will see if London does any retracement now, but yeah. This Sell was missed and I'm not happy about that. Clear as day.. So much for Pound going up, don't know why I even forecast that crap, it never works. On the other side, system almost always works. 60 pips not profited today so far.. hope you fellas got something! I'll post the trade if this pair gets some break..
I am counting 30 pips in advance..

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  • #702,026
  • Oct 31, 2022 4:02am Oct 31, 2022 4:02am
i got a warning !!!
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  • #702,027
  • Oct 31, 2022 4:06am Oct 31, 2022 4:06am
Quoting billytt
{quote} So what have you learned by that????
I learned that there is no hurry, and to follow my plan
I am neither brave nor stupid...I am just a part time trader
  • #702,028
  • Oct 31, 2022 4:08am Oct 31, 2022 4:08am
Quoting navk
Pretty quick sell trade/s. Quickly closed too. {image}
Asia + LO done and dusted.

I can call it a day.... but...

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Intraday only.
  • #702,029
  • Oct 31, 2022 4:13am Oct 31, 2022 4:13am
I expect one more 15M to complete retracement to around 30 pips then I'll dive in..
  • #702,030
  • Oct 31, 2022 4:17am Oct 31, 2022 4:17am
Quoting Indiara
{quote} I learned that there is no hurry, and to follow my plan
AND ????? something else
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,031
  • Oct 31, 2022 4:24am Oct 31, 2022 4:24am
Quoting TheWolf
I expect one more 15M to complete retracement to around 30 pips then I'll dive in..
I want the opposite, 20/30 drop then rise
COT: The precious data ignored
  • #702,032
  • Oct 31, 2022 4:30am Oct 31, 2022 4:30am
Quoting billytt
{quote} AND ????? something else
I'm not sure. Everything looked good to sell, but it seemed to me that USD was the force more than GBP. When I looked at UJ, it too was being moved by USD rather than Yen. So, with USDX sitting under the round number, it is best to wait and see if it can break though, or maybe it will be rejected. Either way, best to wait and see what happens.
I am neither brave nor stupid...I am just a part time trader
  • #702,033
  • Oct 31, 2022 4:32am Oct 31, 2022 4:32am
Still hunting for that retracement..
Let's see some consolidation before the news ha?..

My guess is retracement is coming now until the Hour closes and then Sell continues irregardless of the data.
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  • #702,034
  • Oct 31, 2022 4:47am Oct 31, 2022 4:47am
Quoting Indiara
{quote} I'm not sure. Everything looked good to sell, but it seemed to me that USD was the force more than GBP. When I looked at UJ, it too was being moved by USD rather than Yen. So, with USDX sitting under the round number, it is best to wait and see if it can break though, or maybe it will be rejected. Either way, best to wait and see what happens.
so what happened.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,035
  • Oct 31, 2022 4:47am Oct 31, 2022 4:47am
Quoting TheWolf
Still hunting for that retracement.. Let's see some consolidation before the news ha?.. My guess is retracement is coming now until the Hour closes and then Sell continues irregardless of the data. {image}
Getting closer..
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  • #702,036
  • Oct 31, 2022 4:47am Oct 31, 2022 4:47am
Quoting Robinhood1
{quote} Price can reach purple lines filling gaps {image}
Gold dipped a little bit further but the chart is still good in my opinion.
POSTMASTER
  • #702,037
  • Oct 31, 2022 4:49am Oct 31, 2022 4:49am
Quoting navk
{quote} Asia + LO done and dusted. I can call it a day.... but... {image}
For me, up or down 30 pips, does not matter.

Quick 300 bucks ( 15 pips ) added to overall score by long positions.

All closed too.

IMO, Until NYO, it will be ranging.

One can make money in down and up.

I guess so.

Long is prefered though.
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Intraday only.
  • #702,038
  • Oct 31, 2022 4:53am Oct 31, 2022 4:53am
...had the o/s on 15min and reg bullish div 1min to 5min but mo pot Supp pre-identified ion 30min + , only a prev 15min sw lo zone. Then we got the 30min inverted bullish-bodied hammer close outside the 20bol.

Last 4hr candle close was bearish on gmt+2 chart feeds.

30min then 4hr below
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Trader with an Edge.
  • #702,039
  • Oct 31, 2022 4:55am Oct 31, 2022 4:55am
Quoting erez h
{quote} and you out, bro check your timing, you have good vision but poor timing
explain the bad timing?
  • #702,040
  • Oct 31, 2022 4:55am Oct 31, 2022 4:55am
Quoting billytt
{quote} so what happened.
USDX could not make it stick above the round number, and GU reversed about 4 pips from what would been my TP, so I would have to exit with a few pips, before protecting SL would have been eaten. Or maybe trade would have worked if I left it alone as protecting SL still not hit.

Not a high probability trade for me.
I am neither brave nor stupid...I am just a part time trader
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