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Cable Update (GBPUSD)

  • #706,301
  • Nov 11, 2022 2:02am Nov 11, 2022 2:02am
At the moment, all I know is that the high of the week is going to be at some point today.
  • #706,302
  • Nov 11, 2022 2:02am Nov 11, 2022 2:02am
...there was always a good chance of an upside follow thru on y/day's dly candle. Price @ the current dly hi is near top of that prev minor 4hr sw hi zone = prev res = pot res that extends to 1763, almost to Mthly R1 which is @/around 1765, with an upside fib circa 1769.

4hr below
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Trader with an Edge.
  • #706,303
  • Nov 11, 2022 2:02am Nov 11, 2022 2:02am
Quoting MrFanciful
At the moment, all I know is that the high of the week is going to be at some point today.
  • #706,304
  • Nov 11, 2022 2:03am Nov 11, 2022 2:03am
Quoting Bella.al
{quote} Current Rate : 1.17260 The Above Pending order is now cancelled. -standing aside.
Current Rate : 1.17424

After i cancelled the previous pending order, i am unable to locate any suitable price to long this market . waiting on the sideline patiently.

-bella.
Goddess of Thunder..
  • #706,305
  • Nov 11, 2022 2:04am Nov 11, 2022 2:04am
the deposite is in
i am short
little risky because i don't have conformation from 1m chart yet
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yes yes yes
  • #706,306
  • Nov 11, 2022 2:06am Nov 11, 2022 2:06am
Quoting Houtbay
Holding my longs, still have a few hundred pips up to go before a correction in my opinion.

Great Call Bro.
Nice 108 pips push up
Clean set up, and simple trade.
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Wishing you making more pips today.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,307
  • Nov 11, 2022 2:07am Nov 11, 2022 2:07am
Quoting Georginson
{quote} Last week's range of 467 pips already attained at 1.1756... hence sold at 1.1750 target is 1.1500...
happy to see you on my side
nice prediction this week
yes yes yes
  • #706,308
  • Nov 11, 2022 2:07am Nov 11, 2022 2:07am
... there are repeating patterns of regular bearish div 1min-4hr t/f @ current dly hi.

1hr below
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Trader with an Edge.
  • #706,309
  • Nov 11, 2022 2:08am Nov 11, 2022 2:08am
Asia couldn't get DXY past that high 107.5xx area where there was support back in August and September. London immediately comes in and starts buying. The market may prove me wrong but it's starting to look like there's more upside than downside (for DXY) at least in the near term future. I'd love to see a pull back to the bottom of that longer term trendline around 109.5 for DXY. For G/U that might correspond to somewhere around the 1.16 area (although lower would be nice). We'll see what happens..
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  • #706,310
  • Nov 11, 2022 2:08am Nov 11, 2022 2:08am
Quoting Robinhood1
{quote} Strong resistence 1.1760
not bad and down, down we go
POSTMASTER
  • #706,311
  • Nov 11, 2022 2:09am Nov 11, 2022 2:09am
Quoting billytt
t 07-51. I might give this trade off the 07-45 to 08-00 candle a miss,ive had a good week and this candle should be good to trade but i just cannot be bothered lol. My bias is Long as the 00-00 4 hour range high was broken. at 11703.. Price might move up to the next 4 hour level at 11850. IF price drops i will probably short. trade well all. t 07-54.

t 08-08
it did drop yaaaaaaaay,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #706,312
  • Nov 11, 2022 2:09am Nov 11, 2022 2:09am
Quoting Whale
{quote} a day that i made every possible mistake
We learn from mistakes.
Have faith in yourself and think where you going next.
  • #706,313
  • Nov 11, 2022 2:10am Nov 11, 2022 2:10am
Quoting Robinhood1
{quote} not bad and down, down we go
1.0260
POSTMASTER
  • #706,314
  • Nov 11, 2022 2:11am Nov 11, 2022 2:11am
Move the pp down but we are on second support on one min . But 5 min rule taken with the stop and move pp if and when possible
  • #706,315
  • Nov 11, 2022 2:14am Nov 11, 2022 2:14am
...the 5min regular bearish div is below
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Trader with an Edge.
  • #706,316
  • Nov 11, 2022 2:17am Nov 11, 2022 2:17am
raw raw raw your boat
down down the stream
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yes yes yes
  • #706,317
  • Nov 11, 2022 2:17am Nov 11, 2022 2:17am
TA-wise, GU is at a retrace level 1.174544 (BY the book). However, as my bro (Wavegarrick) also mentioned, GU broke into a new level and I have no idea if the textbook retrace will work due to the new grounds broken.

It might want to run the full circle which tops at 1.184571 or even extend to 1.202236
Cheers
  • #706,318
  • Nov 11, 2022 2:18am Nov 11, 2022 2:18am
TP re-calibrated to 1.1770
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Peace Yo!
  • #706,319
  • Nov 11, 2022 2:18am Nov 11, 2022 2:18am
Quoting Whale
{quote} a day that i made every possible mistake
Youre not alone !!

My expectations were going to the pip from Monday till Wednesday only and Yesterday CPI news, i wasn't expecting it to decrease when in reality the inflation in practical is not reduced at all how it gets translated into numbers i don't know so if i am not following my system i would be clean bold.

I hope you would be able to sustain it.

A system which can collapse in one day, means it has big holes in it.
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"Exchange of hands"
  • #706,320
  • Nov 11, 2022 2:18am Nov 11, 2022 2:18am
No more trade for me today
Prayer time & Evening need to go to a party with friends
See y'all may be on Monday
More time in the market, does not mean you trade better!
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