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Cable Update (GBPUSD)

  • #707,081
  • Nov 14, 2022 1:17pm Nov 14, 2022 1:17pm
I’m out of my shorts..

price probably will seek for liquidity above one of the fractals, todays NY high or todays Asian/London
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  • #707,082
  • Nov 14, 2022 1:45pm Nov 14, 2022 1:45pm
Seeing a drop now let’s see if 11750 is taken. If it is then aside from my SL we could see 117-11670 next. My bias is very short long with an aim for a close above 118 so that we can get back to 11850 before UK data tomorrow at 7am (uk time) in the M1 it’s been around 30 mins of drops
Insane in the Brain..
  • #707,083
  • Nov 14, 2022 1:51pm Nov 14, 2022 1:51pm
Adding some longs here at 1.176767
TP remains at 1.184X
  • #707,084
  • Nov 14, 2022 2:12pm Nov 14, 2022 2:12pm
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yes yes yes
  • #707,085
  • Nov 14, 2022 2:21pm Nov 14, 2022 2:21pm
Quoting Moty
{image}
A point to think about..
since LC price climb 100p

do you think it will just collapse right back without some shake out or BOS that will attract buyers?

i was 17% on my account and the market took it all back plus some dollars, sometimes we need to release and wait for another session with fresh data.
  • #707,086
  • Nov 14, 2022 2:28pm Nov 14, 2022 2:28pm
Quoting Moty
{image}
I think it will drop but not yet. Mid 118
Insane in the Brain..
  • #707,087
  • Nov 14, 2022 2:46pm Nov 14, 2022 2:46pm
Quoting BeeTogether
{quote} I think it will drop but not yet. Mid 118
i dont know really what will happen.. i can assume.
I will wait for tomorrow. I dont like the ping pong.
  • #707,088
  • Nov 14, 2022 2:49pm Nov 14, 2022 2:49pm
Quoting Whale
{quote} i dont know really what will happen.. i can assume. I will wait for tomorrow. I dont like the ping pong.
me too it I always seem to get caught in the middle of a swing too. Fomo I think lol
Insane in the Brain..
  • #707,089
  • Nov 14, 2022 3:20pm Nov 14, 2022 3:20pm
Quoting Whale
{quote} A point to think about.. since LC price climb 100p do you think it will just collapse right back without some shake out or BOS that will attract buyers? i was 17% on my account and the market took it all back plus some dollars, sometimes we need to release and wait for another session with fresh data.
mM are doing accumulation right now... Wait until it break Moty channel...
Gu the only pair gap did not close yet..

My bet, price will break above and close the gap then tanked hard
Peace Yo!
  • #707,090
  • Nov 14, 2022 3:23pm Nov 14, 2022 3:23pm
Quoting Bella.al
Current Rate : 1.17661 Bullish Cycle Started – 04.11.2022 Strategy/Entry level: Date :14.11.2022 Type: Limit Order Buy Limit : 1.16891 Stop-Loss: 1.16500 Objective: 1.20281 -Bella's Blue {image}
Current Rate: 1.17564

Coming to End of Day . Above order is cancelled.

-bella
Goddess of Thunder..
  • #707,091
  • Nov 14, 2022 3:34pm Nov 14, 2022 3:34pm
1.175621 area seems to be holding! Price should keep north from here after wobbling (wishful thinking)
That's half of the entire move after London closed shop

It's been a day and half
Let's operate tomorrow morning folks

Cheers
  • #707,092
  • Edited 4:13pm Nov 14, 2022 3:41pm | Edited 4:13pm
Quoting JayBag
1.175621 area seems to be holding! Price should keep north from here after wobbling (wishful thinking) That's half of the entire move after London closed shop It's been a day and half Let's operate tomorrow morning folks Cheers
If my SL hits all groovy it’s at b/e plus 1 so won’t complain. Will then wait for uk data at 7am

edit SL hit
Insane in the Brain..
  • #707,093
  • Nov 14, 2022 4:14pm Nov 14, 2022 4:14pm
Current Rate : 1.17503


Bull Cycle Started on : 04.11.2022

Strategy/Entry level:
Date :15.11.2022
Type: Market Order
Long at :1.17550
Stop-Loss: 1.17050
Objective: 1.20281

-Bella's Blue
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #707,094
  • Nov 14, 2022 4:35pm Nov 14, 2022 4:35pm
Quoting Bella.al
{quote} Current Rate : 1.17500 As long as "Bella's Support 1.17081" holds upside bias at my end stays intact for gains upto 1.20281 for today. Open Positions[1] -bella

Current Rate : 1.17514

I revised my order again and adjusted my T/P levels.

Strategy/Entry level:
Date :15.11.2022
Type: Market Order
Long at :1.17550
Stop-Loss: 1.17050
Objective: 1.19231

-Bella's Blue

Attached Image (click to enlarge)
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Goddess of Thunder..
  • #707,095
  • Nov 14, 2022 5:41pm Nov 14, 2022 5:41pm
In the NY session, price failed to test 1700.

Today, the price will test 1700 ( and below ) for me.

I will try from 1680 short.

BEARISH BIAS for me today
Intraday only.
  • #707,096
  • Nov 14, 2022 8:02pm Nov 14, 2022 8:02pm
Having eased from Friday's highs, cable is currently trading right around its monthly R1. Direction from here could depend on the UK's Autumn budget, which is being released this week along with a slew of key economic data, starting with labour market figures today.

Weaker-than-expected data may spark a deeper pullback for GBP/USD after last week's rally. However, if the next few days can instil a sense of confidence in the UK's economy, the pair may be able to extend its recent move higher over the near-term.

All trading involves risk, but it will be interesting to see what the outcomes are this week and how the market reacts.
  • #707,097
  • Nov 14, 2022 8:11pm Nov 14, 2022 8:11pm
Long 1.1750 SL 1.1730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #707,098
  • Nov 14, 2022 8:16pm Nov 14, 2022 8:16pm
Long at 1.1755 Sl at 1.1730 Tp at 1.1780
  • #707,099
  • Edited 8:34pm Nov 14, 2022 8:22pm | Edited 8:34pm
short at 1.1759, will close with a 1 minute close above 1.17645

exit trade
  • #707,100
  • Edited 9:41pm Nov 14, 2022 8:37pm | Edited 9:41pm
I usually trade retrace of previous day trend in next day asia.

I did that.

Yesterday short candle. So, in asia i took long. All closed.

And done asia.
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Intraday only.
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