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Cable Update (GBPUSD)

  • #703,781
  • Nov 4, 2022 4:57am Nov 4, 2022 4:57am
Quoting Yngwie
Sold 1.1247 SL 1.1260
...nice call. I only had regular bearish div plays on 1min and 3min, and only on one of my two osc's on 5min (the histogram,) and' iffy' potential res, so was wary of it and went in @ 1/2 usual vol on close of that 2nd 5min pinbar...well done though! There was also the hidden bearish div on 1hr there.

5min then 1hr below
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Trader with an Edge.
  • #703,782
  • Nov 4, 2022 4:57am Nov 4, 2022 4:57am
Medium term trend remains down
  • #703,783
  • Nov 4, 2022 4:58am Nov 4, 2022 4:58am
Currently in range trading
  • #703,784
  • Nov 4, 2022 5:00am Nov 4, 2022 5:00am
Quoting navk
{quote} I did too much IN and OUT trades today. Sleeping onto trades no use. {image}
Just post live trades, no hindsight..........

Then I believe you.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,785
  • Nov 4, 2022 5:05am Nov 4, 2022 5:05am
Quoting Headland
{quote} dantpm points out the flaw with trying to use it for this pairing, ie it's only 11.9% of the basket, but I guess as the biggest component Eur has a direct correlation with gbp, [the coefficient of which/extent to which varies,] it can be somewhat useful, but I haven't ever really found it to be so as a so-called leading indicator for this gbpusd pairing. That's just personal experience though and limited at that, and therefore not exactly definitive. So if it works for you / is useful to you in your trading, keep using it.

Yes, it is only 11.9% of the basket, but that is not what I'm talking about. The basket as a whole, is 1/2 of the pair...like UJ, GU, EU etc etc. In other words, if it was a fruit basket, and I am trading banana against usd, and there is only 1 banana in the basket, it is of no importance.....because I am trading against the basket as a whole, not it's independent components
I am neither brave nor stupid...I am just a part time trader
  • #703,786
  • Nov 4, 2022 5:06am Nov 4, 2022 5:06am
1.1357 will hit today?
my trading plan … below micro structure equilibrium to macro equilibrium (intraday only)
as long no new low
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  • #703,787
  • Nov 4, 2022 5:07am Nov 4, 2022 5:07am
Short term trend is down (m30), but weak as m1/m5 are both pointing upwards
Before selling i'd wait for m1 and/or m5 to point down again
COT: The precious data ignored
  • #703,788
  • Nov 4, 2022 5:07am Nov 4, 2022 5:07am
Quoting Pat Chiko
{quote} Just post live trades, no hindsight.......... Then I believe you.
Today, recovery mode.

I lost yesterday.

So my priority is to recover losses.

When absolutely free, I will.
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Intraday only.
  • #703,789
  • Nov 4, 2022 5:08am Nov 4, 2022 5:08am
Quoting Indiara
{quote} Yes, it is only 11.9% of the basket, but that is not what I'm talking about. The basket as a whole, is 1/2 of the pair...like UJ, GU, EU etc etc. In other words, if it was a fruit basket, and I am trading banana against usd, and there is only 1 banana in the basket, it is of no importance.....because I am trading against the basket as a whole, not it's independent components
Sorry, I should have read your post more carefully.
----------------------------------------

Not untypical Pre-NFP PA so far today. Is this just a false 1st b/o of asian session range ready for a 'truer' upside b/o or will it just mess around till NFP?
Trader with an Edge.
  • #703,790
  • Nov 4, 2022 5:08am Nov 4, 2022 5:08am
UJ ate my protecting SL at +2. There was plenty of chance to exit before with more profit, but I chose to allow it to run as I already had made my target today

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I am neither brave nor stupid...I am just a part time trader
  • #703,791
  • Nov 4, 2022 5:10am Nov 4, 2022 5:10am
Quoting Houtbay
Medium term trend remains down
Reversal or pull back? My system sees 1.1100 - 1.1075 area. This week range is already an overshoot being 463 pips so far, history with this type or move shows further possible crash ahead.

1.1280 will be key level to save the bulls otherwise, bears can easily bring it further down to 1.0845 for this month.
Data + Stat + Risk/Emotions Management
  • #703,792
  • Nov 4, 2022 5:10am Nov 4, 2022 5:10am
Quoting Headland
{quote} Sorry, I should have read your post more carefully. ---------------------------------------- Not untypical Pre-NFP PA so far today. Is this just a false 1st b/o of asian session range ready for a 'truer' upside b/o or will it just mess around till NFP?
No need for you to apologise to me

I may be wrong, I really don't know for certain. It just seems logical. As you say though, if it works for me, then it works!
I am neither brave nor stupid...I am just a part time trader
  • #703,793
  • Nov 4, 2022 5:11am Nov 4, 2022 5:11am
...on 1hr we have a H, HL, and what will be a HH when it forms fractally, so either start of a new uptrend or a pullback in 4hr downtrend. NFP may have say in which this turns out to be.
Trader with an Edge.
  • #703,794
  • Nov 4, 2022 5:16am Nov 4, 2022 5:16am
Quoting Pat Chiko
{quote} Just post live trades, no hindsight.......... Then I believe you.
I trade in this account, you see the score of this account.

And I use trade copier ( as you see )to copy trade in to another account, the result of which I posted earlier.

Using trade copier is easier and faster to trade multiple account..it helps.
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Intraday only.
  • #703,795
  • Nov 4, 2022 5:17am Nov 4, 2022 5:17am
Quoting navk
{quote} Today, recovery mode. I lost yesterday. So my priority is to recover losses. When absolutely free, I will. {image}
Where is yesterday P/L ?
  • #703,796
  • Nov 4, 2022 5:19am Nov 4, 2022 5:19am
Quoting Whale
{quote} Where is yesterday P/L ?
Yesterday, I booked ( - 1559.)
Intraday only.
  • #703,797
  • Nov 4, 2022 5:19am Nov 4, 2022 5:19am
Quoting Pat Chiko
{quote} Just post live trades, no hindsight.......... Then I believe you.
...but Pat trading is sooo much easier if you post after the fact ...look what I've done over the last 24 hrs and I can even do this when the markets are closed
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  • #703,798
  • Nov 4, 2022 5:20am Nov 4, 2022 5:20am
...so many variables re upcoming U.s NFP. Trade what we see not what we think is always best advice. Just don't get one of these!
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Trader with an Edge.
  • #703,799
  • Nov 4, 2022 5:21am Nov 4, 2022 5:21am
That is great result.

Will encourage you.
Intraday only.
  • #703,800
  • Nov 4, 2022 5:23am Nov 4, 2022 5:23am
...5min bullish hidden div is present but not much of a 30min + uptrend? could be that 2nd b/o thing though? make your own mind up.
Trader with an Edge.
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