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Cable Update (GBPUSD)

  • #702,641
  • Nov 2, 2022 4:00am Nov 2, 2022 4:00am
come on bulls
Attached Image(s) (click to enlarge)
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yes yes yes
  • #702,642
  • Nov 2, 2022 4:01am Nov 2, 2022 4:01am
Quoting firsttimer
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. {image}
The hard part about days like this is to not make silly entries out of boredom or frustration. I have got much better at not doing this, but I still make mistakes sometimes. It is a Win (to me) if I can go to my bed and I didn't lose any of my money. If I can actually make money, it is also a win. There is only win and lose. Best that we try very hard to not lose
I am neither brave nor stupid...I am just a part time trader
  • #702,643
  • Nov 2, 2022 4:05am Nov 2, 2022 4:05am
Quoting Headland
{quote} 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.
lol....anything can happen!

1hr below
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Trader with an Edge.
  • #702,644
  • Nov 2, 2022 4:15am Nov 2, 2022 4:15am
Quoting Headland
{quote} lol....anything can happen! 1hr below {image} {image}
Perhaps GU will struggle to go up if USDX is also going up? 111.000 line is string.

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #702,645
  • Nov 2, 2022 4:27am Nov 2, 2022 4:27am
...challenging a prev 1hr sw hi then lo zone now/steepest 1hr asc t/line

1hr below
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Trader with an Edge.
  • #702,646
  • Nov 2, 2022 4:27am Nov 2, 2022 4:27am
I have a Sell on GU, just for 20 pips as part of my training for next year

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 118 KB
I am neither brave nor stupid...I am just a part time trader
  • #702,647
  • Nov 2, 2022 4:34am Nov 2, 2022 4:34am
Quoting Indiara
I have a Sell on GU, just for 20 pips as part of my training for next year {image}
30min bear thrust candle closed right @ pot 1hr supp. Good Luck with your target - hope it breaks thru for you.
Trader with an Edge.
  • #702,648
  • Nov 2, 2022 4:42am Nov 2, 2022 4:42am
Quoting Headland
{quote} 30min bear thrust candle closed right @ pot 1hr supp. Good Luck with your target - hope it breaks thru for you.
It looks ok for a sell on most charts, and the action has been lower than my TP twice this week. There is nothing for sure though, so we will find out.

I don't know if I will stay awake much longer, my aches and pains are not very nice. I'll wait a little longer though
I am neither brave nor stupid...I am just a part time trader
  • #702,649
  • Nov 2, 2022 4:42am Nov 2, 2022 4:42am
closed a 30 pip gain on a sell from .15233...

will try to ride again from that level for a short gain.
"No trade is still a trade." - Peter Borish
  • #702,650
  • Nov 2, 2022 4:45am Nov 2, 2022 4:45am
Quoting Indiara
{quote} It looks ok for a sell on most charts, and the action has been lower than my TP twice this week. There is nothing for sure though, so we will find out. I don't know if I will stay awake much longer, my aches and pains are not very nice. I'll wait a little longer though
I got scared out of the short for a few pips after the 15min/30min bull thrusts closed....same situation here...have taken a long @ that 1hr support on a 1min regular bullish div trigger but it is against that last 30min bear thrust close. Rangy intraday so far though so who knows - might continue rangy,? so can either close or hold with stop @/near to b/e. Won't take a loss though.

What I mean by this I guess, is that a bull/bear thrust candle close (s) on next higher t/f (s) implies, at least, - follow thru in same direction, so to go against it is difficult.
Trader with an Edge.
  • #702,651
  • Nov 2, 2022 4:48am Nov 2, 2022 4:48am
All buy positions closed.

Only buy trades were taken in line with my earlier post.

Once after Tokyo open then again after frankfurt open.

Nothing to do now.

Happy ( somewhat ) with the result.
Attached Image (click to enlarge)
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Intraday only.
  • #702,652
  • Nov 2, 2022 4:55am Nov 2, 2022 4:55am
...potential for 1hr bear engulf close?
Trader with an Edge.
  • #702,653
  • Nov 2, 2022 4:58am Nov 2, 2022 4:58am
Quoting Headland
{quote} I got scared out of the short for a few pips after the 15min/30min bull thrusts closed....same situation here...have taken a long @ that 1hr support on a 1min regular bullish div trigger but it is against that last 30min bear thrust close. Rangy intraday so far though so who knows - might continue rangy,? so can either close or hold with stop @/near to b/e. Won't take a loss though. What I mean by this I guess, is that a bull/bear thrust candle close (s) on next higher t/f (s) implies, at least, - follow thru in same direction, so to go...

Yes, I can see what you are saying. The Daily Open line at about 1480 could also be a problem for my sell, and if it gets there, I may close there. It doesn't look very happy to go down and I will take a small loss if necessary
I am neither brave nor stupid...I am just a part time trader
  • #702,654
  • Nov 2, 2022 4:59am Nov 2, 2022 4:59am
Quoting Moty
come on bulls {image} {image}
hi dear
whats your IDEA about today news ?
gold a-eu and GBp goes up or down ?
RedcaT 3003
25k Return This Week: na
  • #702,655
  • Nov 2, 2022 5:04am Nov 2, 2022 5:04am
Short 1.1498
TP1 1.1420
TP2 1.1380
SL 1.1530
  • #702,656
  • Nov 2, 2022 5:08am Nov 2, 2022 5:08am
... U.s NFP surprised to the upside last time, despite a bad Jolts a few days before. This time we have a good Jolts with an upside revision to that bad number. Will ADP forecast today support that good Jolts number? If so will this be instructive re NFP? This site (so far) going for +190k jobs against +263k last time.

Fed almost certainly at least +0.75% but the statement will be interesting re future rises. Boe +0.75% a chance or maybe just +0.5% ?
------------------------------------
meantime,

1hr below
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Trader with an Edge.
  • #702,657
  • Nov 2, 2022 5:08am Nov 2, 2022 5:08am
Quoting Indiara
{quote} Yes, I can see what you are saying. The Daily Open line at about 1480 could also be a problem for my sell, and if it gets there, I may close there. It doesn't look very happy to go down and I will take a small loss if necessary

USDX is mounting another attack at 111.00 so I closed GU for +1 pip!

This M5 chart

I think I will go to my bed now, and I will take my Covid with me. I think I'm going to embrace this little bug and be nice to it, so that it will be nice to me also. We are both doing what we are here to do, so I must respect the bug and when it leaves me, I will be stronger.

Maybe I can try some Tokyo luck tomorrow, it depends how I feel. Night night all, trade well and make lots of pips

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 35 KB
I am neither brave nor stupid...I am just a part time trader
  • #702,658
  • Nov 2, 2022 5:13am Nov 2, 2022 5:13am
Quoting Jolita
Long opened at 11515, leaving forr the day, tp +100
Jol what is on your mind, im curious.
  • #702,659
  • Nov 2, 2022 5:17am Nov 2, 2022 5:17am
Dxy is weak, but gbp also weak.
PA Return Today: na
  • #702,660
  • Nov 2, 2022 5:18am Nov 2, 2022 5:18am
S @ 1.1492 Target 1.1430
H1 chart
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always learning
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