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Cable Update (GBPUSD)

  • #708,041
  • Nov 17, 2022 10:58pm Nov 17, 2022 10:58pm
Some Good Price Actions seen in GBPUSD.
Currently i am in the middle of the range as i was able to open my Platform . I see this as a Pull Back opportunity

Current Rate : 1.18929

Long GBPUSD : 1.18910
S/L : 1.18665
T/P : 1.20866

-Bella's Blue:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_BLUE_01.png Size: 8 KB
Goddess of Thunder..
  • #708,042
  • Nov 17, 2022 11:02pm Nov 17, 2022 11:02pm
deep correction for the drop
i took little short at the open now i added when price drop below the 1 m 200 ema band
the only way is down
Attached Image(s) (click to enlarge)
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yes yes yes
  • #708,043
  • Nov 17, 2022 11:04pm Nov 17, 2022 11:04pm
I think reversal around 1.1950/55
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #708,044
  • Nov 17, 2022 11:07pm Nov 17, 2022 11:07pm
Quoting PatienceFx
trade taken, target set, going to sleep zzzzzzzz {image}
All the best
Intraday only.
  • #708,045
  • Nov 17, 2022 11:09pm Nov 17, 2022 11:09pm
Quoting Yngwie
I think reversal around 1.1950/55
1950 is breakout level.

For the price to reverse, Lower high has to form from previous day.

Previous day high is 1950.
Intraday only.
  • #708,046
  • Nov 17, 2022 11:11pm Nov 17, 2022 11:11pm
Quoting Houtbay
Holding position for 200pips down
yes, for the target of 200 pips, price should break 1855
Intraday only.
  • #708,047
  • Nov 17, 2022 11:12pm Nov 17, 2022 11:12pm
Quoting navk
{quote} All the best
the longer time frames always win

yesterdays drop was intended to trap ears
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
  • #708,048
  • Nov 17, 2022 11:15pm Nov 17, 2022 11:15pm
Quoting PatienceFx
{quote} the longer time frames always win {image}
I agree on this point, yes longer tf wins.

Remember, yesterday was bearish candle.

And my technicals say bearish.

I will see if 1855 holds during LO.
Intraday only.
  • #708,049
  • Nov 17, 2022 11:18pm Nov 17, 2022 11:18pm
Quoting Bella.al
Some Good Price Actions seen in GBPUSD. Currently i am in the middle of the range as i was able to open my Platform . I see this as a Pull Back opportunity Current Rate : 1.18929 Long GBPUSD : 1.18910 S/L : 1.18665 T/P : 1.20866 -Bella's Blue: {image}

Current Rate : 1.18962

I would like to see two objectives completed as i am taking this as an Impulsive move

1. Daily Close above : 1.19600
2. 15th High 1.20281 is re-tested today.

Whilst above my S/L : 1.18665

-bella
Goddess of Thunder..
  • #708,050
  • Nov 17, 2022 11:18pm Nov 17, 2022 11:18pm
on h1 everything is bullish

most importantly Bella.al is on my side, i need not worry about anything
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
  • #708,051
  • Nov 17, 2022 11:24pm Nov 17, 2022 11:24pm
Quoting navk
1761..temporary low in place for today and asia tomorrow
I posted this in NY session.
Nobody liked it.
Ha.. Ha.
Intraday only.
  • #708,052
  • Nov 17, 2022 11:26pm Nov 17, 2022 11:26pm
nishant, only one thing can go against me ; and it is well known to any trader on BSE / NSE

200 DMA

i cannot and should not target anything above it.
  • #708,053
  • Nov 17, 2022 11:27pm Nov 17, 2022 11:27pm
Added another short for a 100 pip drop hopefully
  • #708,054
  • Nov 17, 2022 11:54pm Nov 17, 2022 11:54pm
Quoting Bella.al
{quote} Current Rate : 1.18962 I would like to see two objectives completed as i am taking this as an Impulsive move 1. Daily Close above : 1.19600 2. 15th High 1.20281 is re-tested today. Whilst above my S/L : 1.18665 -bella
Current Rate : 1.18948

I updated my charts with minor support level 1.18662 as my main intraday analysis tool is "out of service" due to some re-working .

S1 = 1.18662
S2 = S/L : 1.18665

-Bella's Blue
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_BLUE_02.png Size: 9 KB
Goddess of Thunder..
  • #708,055
  • Nov 18, 2022 12:03am Nov 18, 2022 12:03am
Quoting Bella.al
{quote} Current Rate : 1.18948 I updated my charts with minor support level 1.18662 as my main intraday analysis tool is "out of service" due to some re-working . S1 = 1.18662 S2 = S/L : 1.18665 -Bella's Blue {image}

OK , I updated the figures again from above charts ( finger slipped )

S1 : 1.18862
S2 : 1.18665 (S/L)


-Bella's Blue:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_BLUE_02.png Size: 8 KB
Goddess of Thunder..
  • #708,056
  • Nov 18, 2022 12:06am Nov 18, 2022 12:06am
Quoting navk
{quote} 1950 is breakout level. For the price to reverse, Lower high has to form from previous day. Previous day high is 1950.
or maybe 1.1940/45.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #708,057
  • Nov 18, 2022 12:08am Nov 18, 2022 12:08am
Quoting Bella.al
{quote} Current Rate : 1.18948 I updated my charts with minor support level 1.18662 as my main intraday analysis tool is "out of service" due to some re-working . S1 = 1.18662 S2 = S/L : 1.18665 -Bella's Blue {image}
This area is a correctional wave, last upward wave triple
Good luck
  • #708,058
  • Nov 18, 2022 12:08am Nov 18, 2022 12:08am
Quoting bilal1947
{quote} For me one this is clear, i cannot go with averaging trades, it is more painful than getting out of the trade at a loss. i will still look for short setup though for tomorrow.
Averaging trades in a wrong direction is recipe for disaster... This year 2022 has been more of a difficult year to trade than even year 2020 (pandemic year) and year 2016 (brexit year) as various pairs especially GU touched price never seen in history and a ridiculous 3400 pips range in a single year. In more stable years, averaging trades will work perfectly with stable ranges.
Data + Stat + Risk/Emotions Management
  • #708,059
  • Nov 18, 2022 12:10am Nov 18, 2022 12:10am
Waiting patiently to long gbpusd at 1.1830
  • #708,060
  • Nov 18, 2022 12:13am Nov 18, 2022 12:13am
BUY in NY last night, reversal after reaching SL.
Today's BUY touched SL
Attached Image (click to enlarge)
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munlee