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Cable Update (GBPUSD)

  • #708,021
  • Nov 17, 2022 5:49pm Nov 17, 2022 5:49pm
Quoting Georginson
{quote} Moty, it is very important that 1.1763 breaks down to at least 1.1709 for us to be certain of 1.1598. Checking last week chart, price did drop from 1.1598 to 1.1333 (265 pips drop) before another rocket up to 1.2028... now this same 265 pips drop is happening from 1.2028 to this current low of 1.1763... With GU I have got to be very paranoid these days as I have been badly burned these past few months... So 1.1763 needs to break down or else 1.21 will happen.
If you got burnt Georginson, at least I know I've been in good company. Cheers
  • #708,022
  • Nov 17, 2022 8:18pm Nov 17, 2022 8:18pm
Quoting fxpider
My initial view of the market as of now, 1. yesterday we had the first red day. (One more today?) 2. The down move started by taking the liquidity from the previous day's high and also it broke the Trend line. 3. It also took the previous day's low. 4. last 3 days, the price spent most of the time above the last week's high ( SM filling shorts ???). 5. Even if it is a corrective move ( since the overall trend is bullish), we can expect the BC leg of possible ABC correction. 6. Potential target: it may test this week's low @ 1.1709 But the day only...
The short entry is also an QM setup
More time in the market, does not mean you trade better!
  • #708,023
  • Nov 17, 2022 8:31pm Nov 17, 2022 8:31pm
Quoting Fardeen1209
{quote} The short entry is also an QM setup
Please shed some light on the QM setup. No idea about the setup.
Success = Practice + Patience + Persistence
  • #708,024
  • Nov 17, 2022 8:42pm Nov 17, 2022 8:42pm
Quoting fxpider
{quote} Please shed some light on the QM setup. No idea about the setup.
Quasimodo pattern, look up in google get pretty much good stuff for learning
More time in the market, does not mean you trade better!
  • #708,025
  • Nov 17, 2022 8:43pm Nov 17, 2022 8:43pm
Today is probably bearish day.

Look at this current 4hr candle set up.
Intraday only.
  • #708,026
  • Nov 17, 2022 8:50pm Nov 17, 2022 8:50pm
trading 4hr candle with 30min and 60 min candle is the way to go.

One can look for 15 min set up... purely for scalping.
Intraday only.
  • #708,027
  • Nov 17, 2022 8:59pm Nov 17, 2022 8:59pm
Quoting navk
Today is probably bearish day. Look at this current 4hr candle set up.
They are still working on the HIGHs, HOD is not locked in yet well until now, IMO.
Success = Practice + Patience + Persistence
  • #708,028
  • Nov 17, 2022 9:16pm Nov 17, 2022 9:16pm
With Retails sales expected to be lower, with LH is made but not LL(CHoCH), We might see some bearish move today for LO but i think it will say within the range
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (87).png Size: 43 KB
Will wait to see how PA reacts to the close of Imbalance(FVG), QM and Unmitigated Order Block!
More time in the market, does not mean you trade better!
  • #708,029
  • Nov 17, 2022 10:16pm Nov 17, 2022 10:16pm
Based on PA. Test short 1.1918 SL 1.1935
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #708,030
  • Nov 17, 2022 10:18pm Nov 17, 2022 10:18pm
Quoting Fardeen1209
With Retails sales expected to be lower, with LH is made but not LL(CHoCH), We might see some bearish move today for LO but i think it will say within the range {image}Will wait to see how PA reacts to the close of Imbalance(FVG), QM and Unmitigated Order Block!
just ordered a mill cas for city garbage so gbp retail sales will be high
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-11-18 at 09-46-15 Maharaja Of Alwar Once As A Revenge Used Rolls Royce To Collect Ga Size: 15 KB
  • #708,031
  • Nov 17, 2022 10:22pm Nov 17, 2022 10:22pm
not interested in selling
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
  • #708,032
  • Nov 17, 2022 10:23pm Nov 17, 2022 10:23pm
Quoting PatienceFx
{quote} just ordered a mill cas for city garbage so gbp retail sales will be high {file}
Ohh Yeah, nobody f*ck around the Indian Maharaja!
More time in the market, does not mean you trade better!
  • #708,033
  • Nov 17, 2022 10:27pm Nov 17, 2022 10:27pm
Quoting PatienceFx
{quote} just ordered a mill cas for city garbage so gbp retail sales will be high {file}
My Favourite Ancient Indian history remains the Chola Dynasty.
Glad we got the PS Part 1. Now waiting for P2,
More time in the market, does not mean you trade better!
  • #708,034
  • Nov 17, 2022 10:38pm Nov 17, 2022 10:38pm
Currently short gbpusd
  • #708,035
  • Nov 17, 2022 10:38pm Nov 17, 2022 10:38pm
Holding position for 200pips down
  • #708,036
  • Nov 17, 2022 10:40pm Nov 17, 2022 10:40pm
Quoting PatienceFx
not interested in selling {image}
For me selling below current high.
Intraday only.
  • #708,037
  • Nov 17, 2022 10:40pm Nov 17, 2022 10:40pm
Quoting Fardeen1209
With Retails sales expected to be lower, with LH is made but not LL(CHoCH), We might see some bearish move today for LO but i think it will say within the range {image}Will wait to see how PA reacts to the close of Imbalance(FVG), QM and Unmitigated Order Block!
Same view. I add one at 1925 .
still holding one from upside.
watching and waiting down FVG to get fill
PA Return Today: na
  • #708,038
  • Nov 17, 2022 10:45pm Nov 17, 2022 10:45pm
trade taken, target set, going to sleep zzzzzzzz
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 25 KB
  • #708,039
  • Nov 17, 2022 10:47pm Nov 17, 2022 10:47pm
WAITING..............


TP = 1.14888...............1.121XX............1.118XX

Attached Image (click to enlarge)
Click to Enlarge Name: WAIT.jpg Size: 203 KB
  • #708,040
  • Nov 17, 2022 10:58pm Nov 17, 2022 10:58pm
Quoting Yngwie
Based on PA. Test short 1.1918 SL 1.1935
Closed for 30 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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