Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#706,381
Nov 11, 2022 3:34am Nov 11, 2022 3:34am

forexer
Joined Jan 2006 | Status: FX TRADER | 861 Posts

Hello traders

I think GU has gone too far and bulls are exhausted already .

According to my own analysis GU hit a strong barrier at 1.1770 and it's very strong resistance so we need a powerful breakthrough to clear this level ,so better off play it safe by looking for shorting the pair as liquidity drying up and big boys are taking profits now and closing their positions.

To me I'll be looking for any chance to short the pair for a quick profits.

I wish good luck to you all.

Thanks

I always knew that someday I would make it big

#706,382
Nov 11, 2022 3:35am Nov 11, 2022 3:35am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting bilal1947

Disliked

Levels to buy again 1.17000 - 1.16880 {image}

Ignored

will see how it reacts here but sure will book profit here

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"Exchange of hands"

#706,383
Nov 11, 2022 3:35am Nov 11, 2022 3:35am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#706,384
Nov 11, 2022 3:36am Nov 11, 2022 3:36am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Headland

Disliked

...on a crowded chart just below current price there is a lot of pot (potential) supp/rbs on 1hr+ Ie - potential downside obstacles for the bears. 1hr below {image}

Ignored

I think It is a compression until 1.16164.
Maybe, not sure, I'm newbie, just guessing only...

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#706,385
Nov 11, 2022 3:38am Nov 11, 2022 3:38am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting mrluckystar

Disliked

{quote} I think price need to balance 1st before attack again.. I could be wrong..

Ignored

YES, I think so.

Lets Njoy the trade and making some pips today...

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#706,386
Nov 11, 2022 3:38am Nov 11, 2022 3:38am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

Quoting forexer

Disliked

Hello traders I think GU has gone too far and bulls are exhausted already . According to my own analysis GU hit a strong barrier at 1.1770 and it's very strong resistance so we need a powerful breakthrough to clear this level ,so better off play it safe by looking for shorting the pair as liquidity drying up and big boys are taking profits now and closing their positions. ( Using a good risk management is crucial). To me I'll be looking for any chance to short the pair for a quick profits. I wish good luck to you all. Thanks

Ignored

what do you think is the '...very strong resistance...' at 1770?

Trader with an Edge.

#706,387
Edited 3:51am Nov 11, 2022 3:40am | Edited 3:51am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting bilal1947

Disliked

Sold GU - Levels to buy again 1.17000 - 1.16880 {image}

Ignored

Sell closed - Bought here its daily open lets see

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"Exchange of hands"

#706,388
Nov 11, 2022 3:42am Nov 11, 2022 3:42am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

Quoting Pat Chiko

Disliked

{quote} I think It is a compression until 1.16164. Maybe, not sure, I'm newbie, just guessing only...

Ignored

maybe - it's a scenario!

Trader with an Edge.

#706,389
Nov 11, 2022 3:45am Nov 11, 2022 3:45am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Hey what the heckk... Long 1.1717 SL 1.1690 TP 1.1800

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#706,390
Nov 11, 2022 3:47am Nov 11, 2022 3:47am

mrluckystar
Joined May 2011 | Status: Balance sh*t | 2,062 Posts

Quoting Pat Chiko

Disliked

{quote} I think It is a compression until 1.16164. Maybe, not sure, I'm newbie, just guessing only...

Ignored

Yes pls. My sell limit on eu n GU not trigger yet..

Peace Yo!

#706,391
Nov 11, 2022 3:49am Nov 11, 2022 3:49am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,013 Posts

It’s found some liquidity it seems. Bouncing of today’s open… need a further down though as this could be a limited rise. (Using my 35 year old knowledge of physics and elasticity)

Insane in the Brain..

#706,392
Nov 11, 2022 3:49am Nov 11, 2022 3:49am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Headland

Disliked

{quote} maybe - it's a scenario!

Ignored

GU is testing the BO zone.
Seems she's ready to pump up again as today structure still to the upside. (HH/HL)

May have to close the short and go opposite (LONG)..
Waiatng for candle to close first.

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#706,393
Nov 11, 2022 3:49am Nov 11, 2022 3:49am

bilal1947
Joined Apr 2020 | Status: Offline | 3,298 Posts

Quoting bilal1947

Disliked

Sell closed - Bought here its daily open lets see {image}

Ignored

wow the magic ball is working

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"Exchange of hands"

#706,394
Nov 11, 2022 3:50am Nov 11, 2022 3:50am

cchin
Joined Aug 2022 | Status: Trader | 271 Posts

Scrolling a few pages back on this thread, I realised I was late to the newbie talk.

Let's just put it this way: "I was not trained to make money. I was trained to break even".

Breakeven trades are winners. Because you're not giving money away. You learnt overcoming conditions market throw at you, and found ways to defeat them. They could be boring to trade, for first few years, but very valuable. Money, profit, gains, can come later. The only problem is that, you can't advertise that, you'll get fired and demoted immediately.

#706,395
Nov 11, 2022 3:52am Nov 11, 2022 3:52am

griffc
Joined Jan 2017 | Status: Trader | 122 Posts

Seeing everyone talk short makes me nervous, I went long on 15m @ 1.1730.

I'll follow my learning logic tho, it will either be right

or wrong

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always learning

#706,396
Nov 11, 2022 3:53am Nov 11, 2022 3:53am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

Quoting forexer

Disliked

Hello traders I think GU has gone too far and bulls are exhausted already . According to my own analysis GU hit a strong barrier at 1.1770 and it's very strong resistance so we need a powerful breakthrough to clear this level ,so better off play it safe by looking for shorting the pair as liquidity drying up and big boys are taking profits now and closing their positions. To me I'll be looking for any chance to short the pair for a quick profits. I wish good luck to you all. Thanks

Ignored

I'll try again, - I have wkly R1 and a 61.8% fib 2666-0327 move @ the current dly hi, what do you think is what you call 'very strong resistance' @ 1770? thanks.

Trader with an Edge.

#706,397
Nov 11, 2022 3:55am Nov 11, 2022 3:55am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting BeeTogether

Disliked

It’s found some liquidity it seems. Bouncing of today’s open… need a further down though as this could be a limited rise. (Using my 35 year old knowledge of physics and elasticity)

Ignored

Short is looking good
Price bounce off Flag Limit Zone
She want to pump again....