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Cable Update (GBPUSD)

  • #708,081
  • Nov 18, 2022 1:28am Nov 18, 2022 1:28am
Quoting Moty
the drop is coming last stop loss of the day {image}
ok , this is the last one
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yes yes yes
  • #708,082
  • Nov 18, 2022 1:29am Nov 18, 2022 1:29am
Quoting navk
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.
For education purposes, the long wicks on top on the 1 hr and 30 min, is this why you are suggesting that these candles are bearish when the green bodies appear to be larger and higher than the previous candles?
  • #708,083
  • Nov 18, 2022 1:30am Nov 18, 2022 1:30am
Quoting elbert3
{quote} {image}as above that’s where I started my trade lol 1942 I think you could say that’s stripped out .. but it will need to be filled . It tell us is it can break the trans . Just need to find support
As above it found support at 1760 area and yes I had a great 9 trade run upto what I thought was a pull back and eventually took them all off bar 1 so I knew what was going to happen .. ie fill the wick up and here we are … so why did I not follow the train of thought throu when I have played the same type of trade before .. I even posted it will be false before it happened … so we still learn . Keep you plan in front of you and read it all the time
  • #708,084
  • Nov 18, 2022 1:31am Nov 18, 2022 1:31am
So rant over and going back to the trade it’s how I imagined it . Back to work .
  • #708,085
  • Nov 18, 2022 1:38am Nov 18, 2022 1:38am
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yes yes yes
  • #708,086
  • Nov 18, 2022 1:39am Nov 18, 2022 1:39am
Quoting Indiara
Hello trading friends!!! I have Covid well behind me now, and I survived just fine. The first week was horrible, and the second week was feeling ok, but just no energy at all. But now I'm ok again Mum is still in the hospital and I have 2 possible places for her to go when she gets her discharge, so that's nice. Lot's and lot's still to do for her her though, but if I do one task after another, I will get it all done. I took an extra week off work, but Monday I have to go back, which I'm looking forward to So I will try to...
t 07-36 uk
Hi Indi, good to see you.
I am glad you are on the mend and i hope your mother is picking up.
My gf is just getting over covid, she wasn't too bad just achey.
I had covid 2 times and didn't even know i had it lol.

Have you been watch the 4 hour inside bars on U/J ???
i've traded well all week, snatching my big scalps for a pip or two .
Trade well.
t 07-39
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #708,087
  • Nov 18, 2022 1:40am Nov 18, 2022 1:40am
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cross oreads which way which trend . Look to the past
  • #708,088
  • Nov 18, 2022 1:41am Nov 18, 2022 1:41am
Good morning, folks.

It's Friday, and I am looking for a short GU. I currently have 1.19566 as an area of high interest. I will drop a drawing soon.

Cheers
  • #708,089
  • Nov 18, 2022 1:42am Nov 18, 2022 1:42am
t 07-39 uk
Cable, same as usual i will trade the break off the 07-45 to 08-00 candle and then the 08-00 to 08-15 candle.
A quick big scalp then out.
At present i have no bias. once 11931 breaks that will be long and below 11858 then it will be short.
Trade Well All.
t 07-42 uk
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #708,090
  • Nov 18, 2022 1:42am Nov 18, 2022 1:42am
Quoting BeeTogether
{quote} not sure why there was such a bullish reaction over night especially as the UK was dumping due to the budget etc. I’m still shorting will look for a drop to 118-11750 for time being
If it closed below 1.18919 then I will go short
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!! Radha Radha !!
  • #708,091
  • Nov 18, 2022 1:43am Nov 18, 2022 1:43am
Later today US Housing figures set to be released!
Both Building permits and Housing Starts came out pretty the same as last month (Slight deviation)
I believe the Existing House sales might be sightly below consensus.

closed my shorts +27pips.
will get a fresh look at NYO
More time in the market, does not mean you trade better!
  • #708,092
  • Nov 18, 2022 1:43am Nov 18, 2022 1:43am
G/M, last 2 dly candles were in the lo-hi of Tuesday's dly candle. Price is still there, ie in the range 1790-2029. Y/day's dly candle a bearish-bodied hammer.-esq candle Asian session mixed.

1hr below
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Trader with an Edge.
  • #708,093
  • Nov 18, 2022 1:45am Nov 18, 2022 1:45am
Quoting billytt
{quote} t 07-36 uk Hi Indi, good to see you. I am glad you are on the mend and i hope your mother is picking up. My gf is just getting over covid, she wasn't too bad just achey. I had covid 2 times and didn't even know i had it lol. Have you been watch the 4 hour inside bars on U/J ??? i've traded well all week, snatching my big scalps for a pip or two . Trade well. t 07-39
Hello there billytt

I'm happy that your gf didn't suffer too much, this virus seems to affect people differently, but it's not so serious for those who do not have any other respiratory problems. I couldn't visit Mum of course, and that was hard, but she is doing well

I haven't looked at the charts much until today. I was too tired before, and too busy this week. The market is not going to go away, so I will catch up
I am neither brave nor stupid...I am just a part time trader
  • #708,094
  • Nov 18, 2022 1:48am Nov 18, 2022 1:48am
...price @ the current dly hi is @ bottom of the 4hr part of the prev 1hr/4hr sw hi zone that extends up to y/day's hi. 2 x upside fibs there per my 1hr chart in post above.

4hr below
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Trader with an Edge.
  • #708,095
  • Nov 18, 2022 1:50am Nov 18, 2022 1:50am
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yes yes yes
  • #708,096
  • Nov 18, 2022 1:53am Nov 18, 2022 1:53am
Quoting Indiara
{quote} Hello there billytt I'm happy that your gf didn't suffer too much, this virus seems to affect people differently, but it's not so serious for those who do not have any other respiratory problems. I couldn't visit Mum of course, and that was hard, but she is doing well I haven't looked at the charts much until today. I was too tired before, and too busy this week. The market is not going to go away, so I will catch up
Welcome back mate!!
Insane in the Brain..
  • #708,097
  • Nov 18, 2022 1:54am Nov 18, 2022 1:54am
Quoting Bella.al
{quote} OK , I updated the figures again from above charts ( finger slipped ) S1 : 1.18862 S2 : 1.18665 (S/L) -Bella's Blue: {image}
Current Rate : 1.19105

I am +26 Pips as i write this, currently it is nicely supported at "Bella's Minor S1" 1.18862 ( my normal analysis tool is out of service ) so had to do some manual chart analysis , I am waiting for some breakout of today's high into 1.19600 and hold above to Objective 1 ( Daily Close Above 1.19600 ) .

S1 = 1.18862
S2 = 1.18665 (S/L)

-Bella's Blue
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Goddess of Thunder..
  • #708,098
  • Nov 18, 2022 1:54am Nov 18, 2022 1:54am
Was Bearish in the morning, but now Price doesn't seem it wants to go down.
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My rookie analysis is if she wants to go up, she might close the FVG below first and mitigate the minor OB, then up. This way she gets to grab a lot of fuel to go up!
More time in the market, does not mean you trade better!
  • #708,099
  • Nov 18, 2022 1:54am Nov 18, 2022 1:54am
30day adr has dropped from the recent hi of 235 to a present 198. Multi-year longer term dly average is 140ish.
Trader with an Edge.
  • #708,100
  • Nov 18, 2022 1:57am Nov 18, 2022 1:57am
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The market is bouncing like a ball, may be getting ready for FIFA world cup
Success = Practice + Patience + Persistence
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