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Cable Update (GBPUSD)

  • #702,621
  • Nov 2, 2022 3:17am Nov 2, 2022 3:17am
Quoting JameRomeo168
{quote} Sorry my mistake. That's both Analysis and Prediction
It can only be analysis if you have fundamentally/quantitatively analysed the probable effect of the fundie announcements due over the next 3 days till Friday, and made a prediction based on this. I doubt that you as a lone retail trader possess the research assets/resources required to do this, so it almost certainly remains just a prediction. Tech analysis is not predictive it can only show you what happened to the left of the current prevailing price. I make the distinction because it is an important one to make for any readers of the thread. G/L with your prediction anyway.
Trader with an Edge.
  • #702,622
  • Nov 2, 2022 3:17am Nov 2, 2022 3:17am
Quoting billytt
t 08-12 uk Cable. 07-45 15 minute candle. high broke for %%. Hopefully it will now. i will feel better lol. Trade well all. t 08-13
t 08-17
A = 00-00 to 04-00 4 hour range.
1 = 07-45 15 minute candle , high broke.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 02 A.png Size: 7 KB
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,623
  • Nov 2, 2022 3:19am Nov 2, 2022 3:19am
Attached Image (click to enlarge)
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yes yes yes
  • #702,624
  • Nov 2, 2022 3:22am Nov 2, 2022 3:22am
t 08-21
Cable 08-00 15 minute bar. High for %%
Attached Image (click to enlarge)
Click to Enlarge Name: gu B.png Size: 4 KB
i only need a quick scalp, just hit it hard.
Trade well.
t 08-22


edit 1 = the 08-00 candle.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,625
  • Nov 2, 2022 3:23am Nov 2, 2022 3:23am
I had 2 dogs fully vaccinated as by law 1 month diference in time. The first at 9 years old died in 2020 of covid. Clotted blood. I gave the second one, when she was 6 years old, the antidote provided by the pharmacists, 400€, supposed to be every year, good busness and she has passed away 3 months ago, she too died of covid. I have a third dog of my son who could not have and is also fully vaccinated. The year has passed and I no longer wanted to vaccinate the dog. As soon as I have seen the covid symptoms I have given parapharmacy medicine NAC N-ACETYLCYSTEINE, a powerful antioxidant and in 1 month totally healed 14€. All the metallic substance that ran through his bloodstream that thickens the blood by removing oxygen has disappeared. I will continue without vaccinating him and pay the fines if there are any.
POSTMASTER
  • #702,626
  • Nov 2, 2022 3:24am Nov 2, 2022 3:24am
1.1525 keep bearish pressure
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #702,627
  • Nov 2, 2022 3:25am Nov 2, 2022 3:25am
Quoting Robinhood1
I had 2 dogs fully vaccinated as by law 1 month diference in time. The first at 9 years old died in 2020 of covid. Clotted blood. I gave the second one, when she was 6 years old, the antidote provided by the pharmacists, 400€, supposed to be every year, good busness and she has passed away 3 months ago, she too died of covid. I have a third dog of my son who could not have and is also fully vaccinated. The year has passed and I no longer wanted to vaccinate the dog. As soon as I have seen the covid symptoms I have given parapharmacy medicine NAC...
This post will probably be hidden.
POSTMASTER
  • #702,628
  • Nov 2, 2022 3:25am Nov 2, 2022 3:25am
Quoting Pat Chiko
{quote} Nice set up. Let her find LQ{image}
GU

All above water going for target.
Partial TP along the way to target.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 296.jpg Size: 164 KB


NOTE :
1st Trade based on BO N3 and it failed, thus taking the small LQ below.
2ns Trade based on PB N3 to LQ zone.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,629
  • Nov 2, 2022 3:28am Nov 2, 2022 3:28am
science project
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 37 KB
  • #702,630
  • Nov 2, 2022 3:31am Nov 2, 2022 3:31am
Quoting Pat Chiko
{quote} GU All above water going for target. Partial TP along the way to target.{image} NOTE : 1st Trade based on BO N3 and it failed, thus taking the small LQ below. 2ns Trade based on PB N3 to LQ zone.
Hey, add my two cents about second N3, clear entry possible get if look at the two picks of yesterday cup.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
  • #702,631
  • Nov 2, 2022 3:31am Nov 2, 2022 3:31am
Quoting Indiara
{quote} I have done what I think is sensible. I have moved the TP to just about the 147 line and protected the trade with +25. I may adjust the SL more soon. I also removed the pending sell from 146.960 because I don't want it triggered by an overshoot of the price in case it goes up, leaving me in drawdown. I will put it back perhaps later, but I think that Kuroda San is unlikely to act at this level, so the pending sell is not worth the risk {image}

There it is, +90. Drawdown was -47

This is H1 chart so you can see better

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #702,632
  • Nov 2, 2022 3:32am Nov 2, 2022 3:32am
...upside breach of steepest 1hr desc t/line but straight into a prev 1hr sw hi x 2 zone = prev res = pot res, with a prev 30min sw lo zone above it = prev supp = pot sbr...how strong are the bulls now?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Trader with an Edge.
  • #702,633
  • Nov 2, 2022 3:36am Nov 2, 2022 3:36am
Quoting Chris_35
{quote} Hence the larger lot size and the smaller S/L ???? I am only reffering to thr 07:45 and 08:00 candle wicks breaking above or below the said box.
if we keep the 07-45 and 08-00 candles and forget about the 00-00 4 hour candle range for a moment.

I once taught a Spanish guy and he said is it not possible to just trade for 1 pip and hit it hard. (i didnt quite understand the whole question).
A few years later and on or around 30th May 2022 i thought i would give it a go ,( thats boredom for you).
So i went for 1 pip profit and that equated to 1% of my bank.
As i am the compound king , i compounded the winnings so now i take 5% with that 1 pip. and through manual trades i usually get more.
If i fail i fix the fail this is where that 00-00 4 hour candle comes in.
Happy days.#Trade well#
t 08-36
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #702,634
  • Nov 2, 2022 3:40am Nov 2, 2022 3:40am
Quoting Yngwie
1.1525 keep bearish pressure
Small risk Sell 1.1518 SL 1.1530
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #702,635
  • Nov 2, 2022 3:41am Nov 2, 2022 3:41am
At Pats target I go short
  • #702,636
  • Nov 2, 2022 3:48am Nov 2, 2022 3:48am
Quoting Headland
{quote} It can only be analysis if you have fundamentally/quantitatively analysed the probable effect of the fundie announcements due over the next 3 days till Friday, and made a prediction based on this. I doubt that you as a lone retail trader possess the research assets/resources required to do this, so it almost certainly remains just a prediction. Tech analysis is not predictive it can only show you what happened to the left of the current prevailing price. I make the distinction because it is an important one to make for any readers of the...
Thanks for the excellent view of market analysis definition.

Or in other words - these theories are incomplete!
Why?
Because they study only the end results and completely exclude the main component in the market - THE PEOPLE and their actions!
( people included those in FED and BoE)

It's a bit like trying to judge (and to understand) a football (or is it called soccer now ?) game only by watching and analyzing the score.
Imagine this.
You don't watch the actual game and the actions of the players.
Only the score. (hindsight)
You can analyze the history of the scores and you can come up with all kinds of theories.
But these theories cannot give you understanding.

In this case - what is a football game and how the score is formed.(Real time action vs Hind sight)
To understand, you have to watch the real game.
Or even better - take part in the game!

In the same way, analyzing ONLY the historical prices cannot give you true understanding about the mechanics of the market.

My Newbie take.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,637
  • Nov 2, 2022 3:49am Nov 2, 2022 3:49am
Quoting Yngwie
{quote} Small risk Sell 1.1518 SL 1.1530
bull pressure. closed 1512
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #702,638
  • Nov 2, 2022 3:51am Nov 2, 2022 3:51am
Quoting Yngwie
{quote} Small risk Sell 1.1518 SL 1.1530
I had a +4pip scalp there short too, but the last 15min and 30min bull thrust closes put me off holding. G/L.
----------------------
2nd attempt to get upside of the current dly hi.
Trader with an Edge.
  • #702,639
  • Nov 2, 2022 3:53am Nov 2, 2022 3:53am
directionless london session so far.

similar pattern for all usd pairs.

attached GU chart.
1st arrow shot down. (1st hour)
2nd arrow push up. (2nd hour)

got into a few trades and BE.
action has stabilised for now.

hate days like this but that is how markets work.

will wait for next setup.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
  • #702,640
  • Nov 2, 2022 3:59am Nov 2, 2022 3:59am
Long opened at 11515, leaving forr the day, tp +100
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Mbaweh