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Cable Update (GBPUSD)

  • #702,081
  • Oct 31, 2022 6:25am Oct 31, 2022 6:25am
Quoting Headland
... if there wasn't supp/res, price action and osc div in trading, we'd have to invent it! ------------------------------------------ 1hr currently still rangy.
Perhaps there really IS no support/resistance, price action, nor oscillator divergence in trading and we HAVE simply invented it. We humans have a propensity for seeing patterns in things where patterns do not actually exist, and tend to stand firm in our beliefs despite overwhelming facts to the contrary.
To free Gazans of Hamas, use whatever it takes.
  • #702,082
  • Oct 31, 2022 6:30am Oct 31, 2022 6:30am
Quoting TheWolf
Closed Short! Candle closed above 1.15500.. Went Long.. EUR/USD 15M confirmed Long {image}
But that is just a rally to larger TF down move. So be prepared for the caveats of counter-tend entries.
To free Gazans of Hamas, use whatever it takes.
  • #702,083
  • Oct 31, 2022 6:31am Oct 31, 2022 6:31am
For me .. waiting for a correction until 1.173 and after will go down hard from POC volume profile area !
Attached Image (click to enlarge)
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #702,084
  • Oct 31, 2022 6:33am Oct 31, 2022 6:33am
Quoting DrDave
{quote} Perhaps there really IS no support/resistance, price action, nor oscillator divergence in trading and we HAVE simply invented it. We humans have a propensity for seeing patterns in things where patterns do not actually exist, and tend stand firm in our beliefs despite overwhelming facts to the contrary.
You make a good point lol, but I think there is enough empirical evidence to support the fact that these things do 'exist' and utilized in the correct way can be used to form an edge ! Your 2nd point is irrefutable I think.
---------------------------------------------------------
Seems like another rejection at 2nd attempt by bulls to get upside of that prev 1hr sw lo zone = prev res = pot sbr....so far at least
Trader with an Edge.
  • #702,085
  • Oct 31, 2022 6:34am Oct 31, 2022 6:34am
Quoting DrDave
{quote} But that is just a rally to larger TF down move. So be prepared for the caveats of counter-tend entries.
Out of Long.. waiting for Wall Street.
  • #702,086
  • Oct 31, 2022 6:34am Oct 31, 2022 6:34am
GJ 1 min.

enter 2 trades. risk management for me as usual. not to be greedy. always i try to have as few trades running to protect account.

close at few pips tp.

ranging up and down taking out many orders as usual. (the old me definitely already chickened out)

not much meat left for longs. (strong resistance at quarter .75 area)
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  • #702,087
  • Oct 31, 2022 6:39am Oct 31, 2022 6:39am
Quoting Whale
{quote} thats right. who knows. i use micro market structure with macro structure i cannot be always right, impossible not to lose some. im in again @ 1.15492 sl below 1.153 tp 1.165
busted again.

i will long it again during NY
  • #702,088
  • Oct 31, 2022 6:40am Oct 31, 2022 6:40am
UJ has gone up about 100 pips today and Kuroda San won't be happy. I have started to build Pending Sell s once again
I am neither brave nor stupid...I am just a part time trader
  • #702,089
  • Oct 31, 2022 6:51am Oct 31, 2022 6:51am
...again some support emerges this time deeper into that prev 30min sw lo, now x 2 zone around that 76.4% fib of fri lo - mon current dly hi.

1hr below
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Trader with an Edge.
  • #702,090
  • Oct 31, 2022 6:54am Oct 31, 2022 6:54am
Concerning about the tragedies happened few days ago, Korea Halloween, India bridge collapse, forest fire in US and EU..., I think maybe lots of investing money has to leave the market for a while, especially weak pairs. GU is in struggle status now.

I feel sad and sorry for those victims. May them RIP.
  • #702,091
  • Oct 31, 2022 6:55am Oct 31, 2022 6:55am
GU needs 1.137 for correction
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  • #702,092
  • Oct 31, 2022 6:56am Oct 31, 2022 6:56am
...into 4hr part of the prev 1hr/4hr sw lo zone now @ current dly lo, this extends down to 1503/circa the wkly pivot. 2 x fibs in the zone too. Zome = prev supp = pot supp
Trader with an Edge.
  • #702,093
  • Oct 31, 2022 7:05am Oct 31, 2022 7:05am
Quoting DrDave
{quote} Perhaps there really IS no support/resistance, price action, nor oscillator divergence in trading and we HAVE simply invented it. We humans have a propensity for seeing patterns in things where patterns do not actually exist, and tend to stand firm in our beliefs despite overwhelming facts to the contrary.
actually their isn't, these support/resistance lines are constructed off maths, adding/subtracting.
The daily pivot is good though.
For true r/s we just look at a naked chart.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,094
  • Oct 31, 2022 7:07am Oct 31, 2022 7:07am
Short Gbpusd tp 1.14800
  • #702,095
  • Oct 31, 2022 7:14am Oct 31, 2022 7:14am
Quoting Cgpips
Concerning about the tragedies happened few days ago, Korea Halloween, India bridge collapse, forest fire in US and EU..., I think maybe lots of investing money has to leave the market for a while, especially weak pairs. GU is in struggle status now. I feel sad and sorry for those victims. May them RIP.
And what was the report about the trigger for the Korean stampede?? "Hey everybody, celebrity [whoever] is in the bar down there!"
To free Gazans of Hamas, use whatever it takes.
  • #702,096
  • Oct 31, 2022 7:15am Oct 31, 2022 7:15am
My GBP USD analysis explained .... any reviews??
Attached Image(s) (click to enlarge)
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #702,097
  • Oct 31, 2022 7:22am Oct 31, 2022 7:22am
Quoting DrDave
{quote} And what was the report about the trigger for the Korean stampede?? "Hey everybody, celebrity [whoever] is in the bar down there!"
Those fans are so crazy, like losing their minds, what's so important more than lives of onself and others, I really feel that's terrible.

Culture shock for me.
  • #702,098
  • Oct 31, 2022 7:22am Oct 31, 2022 7:22am
Quoting Reda.el
My GBP USD analysis explained .... any reviews?? {image} {image}

nice explanation...hope you get your spring.
----------------------------------------------
...meantime prev 30min sw lo's acting as pot sbr now as bulls try to build off the bullish reg div on 15min @ current dly lo in 4hr part of that prev 1hr/4hr sw lo zone that extends down to 1503/circa wkly pivot. Inverted H&S there on some lower t/f's.
Trader with an Edge.
  • #702,099
  • Oct 31, 2022 7:32am Oct 31, 2022 7:32am
Quoting PatienceFx
{quote} I purchased it from forexfactory for 14319 posts Try searching FF
Dear, I apologize in advance for my ignorance.
But I could not find anything related to the indicator in post 14319.
I tried to search directly in the FF search for the indicator and I didn't find it either.

Can you help me in any other way?
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He who loves correction loves knowledge, but he who hates reproof is stupid
  • #702,100
  • Oct 31, 2022 7:39am Oct 31, 2022 7:39am
...4hr below. there is a 61.8% fib in that prev sw lo zone that extends to 1503. This is @ 1511, (not shown on this chart.) Other fibs not shown @ 1480 and 1460, (these 3 fibs are all on 1hr chart.) Dly S2 is @/around 1460 too, Dly S3 circa 1416.
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Trader with an Edge.
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