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Cable Update (GBPUSD)

  • #704,461
  • Nov 7, 2022 3:01am Nov 7, 2022 3:01am
Quoting Moty
{quote} price went down to check daily pivot and round number 1.13000 area it was very easy to me to spot this don't try to short today , it can really hurt your equity i am aiming for 1.14500 but it could easily go to 1.15000 and 1.16000 {image} {image}
don't try to short today
I do not agree. It simply depends on when the down cycling kicks in.

Currently, I see the up move is pushing 16H higher and trying to turn up 32H. So there will be pullbacks to these big TFs that can be sold. So when pullbacks reach 1H/2H, they will likely be worthwhile for selling.
To free Gazans of Hamas, use whatever it takes.
  • #704,462
  • Nov 7, 2022 3:02am Nov 7, 2022 3:02am
Scalped 80 pips off of GU so far this AM. Best day in quite a while!
  • #704,463
  • Nov 7, 2022 3:04am Nov 7, 2022 3:04am
Any idea what is behind the big move up? Was it data / news related?
Insane in the Brain..
  • #704,464
  • Nov 7, 2022 3:04am Nov 7, 2022 3:04am
So i guess the pound isn't dead after all
  • #704,465
  • Nov 7, 2022 3:05am Nov 7, 2022 3:05am
Quoting BeeTogether
Any idea what is behind the big move up? Was it data / news related?
china dumping us treasuries
  • #704,466
  • Nov 7, 2022 3:06am Nov 7, 2022 3:06am
Quoting donfriday
{quote} i will close this long on monday and look for new setup.

closed

maybe a drop for new entry

time will tell
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MY OPINION NOT FINANCIAL ADVISE
  • #704,467
  • Nov 7, 2022 3:08am Nov 7, 2022 3:08am
Quoting PatienceFx
{quote} china dumping us treasuries
you have a link on this? thanks!
"No trade is still a trade." - Peter Borish
  • #704,468
  • Nov 7, 2022 3:11am Nov 7, 2022 3:11am
Quoting DrDave
{quote} don't try to short today I do not agree. It simply depends on when the down cycling kicks in. Currently, I see the up move is pushing 16H higher and trying to turn up 32H. So there will be pullbacks to these big TFs that can be sold. So when pullbacks reach 1H/2H, they will likely be worthwhile for selling.
there is noting that can stop price until 1.15500 at least
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yes yes yes !!!!!
this is a wonderful day for צק
i can really needed that money , i have some Financial obligations this week,
and I was a little short, now there is more than enough
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yes yes yes
  • #704,469
  • Nov 7, 2022 3:12am Nov 7, 2022 3:12am
Split election result expectation
https://www.fxstreet.com/news/us-ele...n=fxstreetnews
More time in the market, does not mean you trade better!
  • #704,470
  • Nov 7, 2022 3:12am Nov 7, 2022 3:12am
Quoting Indiara
{quote} Trade protected
There we are, TP hit at +32

so todays results:
-16
+63
+32

= 79 pips for the account.

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I am neither brave nor stupid...I am just a part time trader
  • #704,471
  • Nov 7, 2022 3:14am Nov 7, 2022 3:14am
Quoting Moty
{quote} there is noting that can stop price until 1.15500 at least {image} yes yes yes !!!!! this is a wonderful day for i can really needed that money , i have some Financial obligations this week, and I was a little short, now there is more than enough{image}

Hang onto it then!
  • #704,472
  • Nov 7, 2022 3:20am Nov 7, 2022 3:20am
Sold again 1.1466 SL 1.1480
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #704,473
  • Nov 7, 2022 3:22am Nov 7, 2022 3:22am
Quoting dantpm
{quote} Hang onto it then!
the mf ready to retrace
took short with sl 1.14720
tp 1.14020
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yes yes yes
  • #704,474
  • Nov 7, 2022 3:25am Nov 7, 2022 3:25am
...that 1hr spike hi that begins just above current dly hi is a 1st test - [a prev 1hr sw hi zone] and hold (ie bounce from) a prev 1hr/4hr sw hi zone that extends to 1565. That 1st 30min candle - bull thrust up off the current dly lo completely engulfed the entire Asian session, then a nice upside follow thru too from the close of the 1hr bull thrust which bullishly engulfed all that and fri's hi....

180pip move up so far - 81% 30day adr.

1hr below
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Trader with an Edge.
  • #704,475
  • Nov 7, 2022 3:26am Nov 7, 2022 3:26am
Quoting Moty
{quote} the mf ready to retrace took short with sl 1.14720 tp 1.14020 {image}
It needs liquidity from those shorting and bailing or someplace else. Retrace makes sense.
  • #704,476
  • Nov 7, 2022 3:28am Nov 7, 2022 3:28am
Quoting Indiara
{quote} There we are, TP hit at +32 so todays results: -16 +63 +32 = 79 pips for the account. {image}
75 more than me, lol, yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,477
  • Nov 7, 2022 3:29am Nov 7, 2022 3:29am
Quoting Moty
{quote} price went down to check daily pivot and round number 1.13000 area it was very easy to me to spot this don't try to short today , it can really hurt your equity i am aiming for 1.14500 but it could easily go to 1.15000 and 1.16000 {image} {image}
Thanks!
"No trade is still a trade." - Peter Borish
  • #704,478
  • Nov 7, 2022 3:29am Nov 7, 2022 3:29am
Quoting Bryan5229
{image}{image}{image}
Take profit hit.
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Plan your trades and trade your plan.
  • #704,479
  • Nov 7, 2022 3:30am Nov 7, 2022 3:30am
Quoting billytt
{quote} 75 more than me, lol, yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
t 09-28 actually saying that. i did trade a long on Dax, it was too tempting.
An outside bar on the 4 hour plus a gap.
Happiest of days.
trade well all.
t 09-30
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,480
  • Nov 7, 2022 3:30am Nov 7, 2022 3:30am
Quoting billytt
{quote} 75 more than me, lol, yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay
But your pips are worth big dollars.....mine are just little dollars!! But we both win!! yipeeeeeeee
I am neither brave nor stupid...I am just a part time trader
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