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Cable Update (GBPUSD)

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  • Post #711,301
  • Quote
  • Dec 4, 2022 1:54pm Dec 4, 2022 1:54pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 5,899 Posts
a break above last weeks high is an important area. Not sure of next weeks data releases however we could see a decent high. If there is data that will push it down such as US rate rise above expectations then we could see a 200 pip drop.
 
6
  • Post #711,302
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  • Dec 4, 2022 2:49pm Dec 4, 2022 2:49pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 3,111 Posts | Online Now
Good Goals to England!
England 2 / 0 Senegal
 
7
  • Post #711,303
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  • Dec 4, 2022 2:55pm Dec 4, 2022 2:55pm
  •  TheWolf
  • Joined May 2022 | Status: I'm Done | 2,577 Posts
Quoting Jolita
Disliked
Good Goals to England! England 2 / 0 Senegal
Ignored
Been watching, good game so far and there's no doubt in my mind England has victory in the pocket already.
My country (Croatia) is playing against Japan tommorow.

Let's just say if Japan wins, I'll start selling Yen for as long as I could..
 
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  • Post #711,304
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  • Dec 4, 2022 2:59pm Dec 4, 2022 2:59pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 3,111 Posts | Online Now
Quoting Bainbrito
Disliked
{quote} If I could only use one strategy then it would be some form of continuation strategy. Using GMMA analysis (see Trend Trading by Daryl Guppy) combined with Wyckoff methodology it is much easier to avoid losses trading against the trend and identify opportunities to join the trend with small stops and large upside potential. First step is to do a GMMA analysis to identify pullbacks in a strong and stable trend. The objective here is not to predict the beginning or end of a trend but identify a trend that is likely to continue and be easy to...
Ignored
Bainbrito, thank you for sharing.
Top advice!
 
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  • Post #711,305
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  • Dec 4, 2022 3:06pm Dec 4, 2022 3:06pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 3,111 Posts | Online Now
Quoting TheWolf
Disliked
{quote} Been watching, good game so far and there's no doubt in my mind England has victory in the pocket already. My country (Croatia) is playing against Japan tommorow. Let's just say if Japan wins, I'll start selling Yen for as long as I could..
Ignored
Haha. Yeah, England on it to win it!
Both teams Croatia and Japan are
brilliant. Japan is a dark horse in this competition. To win against Germany is something...
Lately I've been watching Japanese series Tokyo vice.
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  • Post #711,306
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  • Dec 4, 2022 3:29pm Dec 4, 2022 3:29pm
  •  Aussi
  • Joined Sep 2013 | Status: Member | 14,897 Posts
Quoting Robinhood1
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{quote}
Ignored
all done mate and tped and heading up we see what happens later
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
 
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  • Post #711,307
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  • Dec 4, 2022 3:30pm Dec 4, 2022 3:30pm
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 8,449 Posts
1.2254 area is the buy area (may gap down around there)

1.2225 also supportive price for Monday.
Insolvent
 
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  • Post #711,308
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  • Dec 4, 2022 3:33pm Dec 4, 2022 3:33pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,855 Posts
Quoting Jolita
Disliked
Good Goals to England! England 2 / 0 Senegal
Ignored
USA out
UK thru

so the pound will rise monday
in wondering about yourself, you forgot what you came here to be part of
 
5
  • Post #711,309
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  • Dec 4, 2022 3:42pm Dec 4, 2022 3:42pm
  •  mtako
  • Joined Sep 2020 | Status: Member | 4,722 Posts
Dear fellow Gbp traders ! Way Tooooo Long time no see ! I was just waiting for more buying or reversal potential and finally smell it coming!!!!

Although I am all long at this moment, I am anticipating the flood below the 12h hangin' man's feet, so Sell Stop 2119 2009 1909 ! Zooming out (2nd chart)let's us see why I am looking to sell at this level of retracement, and despite the upmove being ohhhhh so steady!

As for my last live shares, in order of postings, here is the update of my surviving longs:
Quoting mtako
Disliked
Got in mid-range, now in the lows : buy stop 1.1755
Ignored
Quoting mtako
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bought here 1727, triad done !
Ignored
Quoting mtako
Disliked
..Intraday, bulls have enough control in my book to hold through some pullbacks, but perhaps closing one soon ! Dynamic SL of my 1779 now at 1849. All other longs' SLs at BE. Buy stop 1943 {image}
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Quoting mtako
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Buy stop 1979 ! ahhhh the good old days!! {image}
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Quoting mtako
Disliked
Buy stop 2000 {image}
Ignored
Quoting mtako
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{quote}buy stop moved down to .1900. I move down also, on the floor {image}
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Quoting mtako
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...buy stop .2022.11.16 {image}
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Quoting mtako
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Dear Gbp mates !!! I've been all full in gbp, but now can start to add more IF price goes back above this 1H range's middle, so buy stop 1.18690 Cheers mates !!!!! P.S Mtako sometimes is wrong, sometimes is right, but he is ALWAYS always always crazy {image}
Ignored
ALL have dynamic SL&TP now at 2119&2600

Quoting nAVIN2007
Disliked
{quote} {quote} Tony, George is right, however 1.2311 will break..I consider this high probability. I think u do as well, infact i expect almost no DD Only time can tell
Ignored
I find also that percentages are extremely important and they help greatly in decision making. Of course, they sure can hurt also, and in many different ways, especially not used properly, or if they are seen through too few or narrow perspectives. Also, plenty of low probability setups that have periods that are just as good and sometimes even better in many ways to higher prob setups. Hey nAVIN2007!! I am thinking of your long and your patience more and more. So I have to say: so so well done hanging in there !!!

Cheers all, may you all have the best of weeks!!!!!!
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If I don't mention SL and TP = longer-term setup possibly in the works!
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  • Post #711,310
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  • Dec 4, 2022 4:23pm Dec 4, 2022 4:23pm
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,709 Posts
Quoting Jolita
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Good Goals to England! England 2 / 0 Senegal
Ignored
Congrats. You did a great job.

 
1
  • Post #711,311
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  • Dec 4, 2022 4:25pm Dec 4, 2022 4:25pm
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,709 Posts
Quoting Whale
Disliked
1.2254 area is the buy area (may gap down around there) 1.2225 also supportive price for Monday.
Ignored
I am holding long GU position.
 
1
  • Post #711,312
  • Quote
  • Dec 4, 2022 4:25pm Dec 4, 2022 4:25pm
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,709 Posts
Quoting knkie
Disliked
{quote} USA out UK thru so the pound will rise monday
Ignored
 
1
  • Post #711,313
  • Quote
  • Dec 4, 2022 4:25pm Dec 4, 2022 4:25pm
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,709 Posts
Quoting knkie
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{quote} USA out UK thru so the pound will rise monday
Ignored
your portfolio will go up
 
1
  • Post #711,314
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  • Dec 4, 2022 4:30pm Dec 4, 2022 4:30pm
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,855 Posts
Quoting genadi
Disliked
{quote} your portfolio will go up
Ignored
ive been trading the world cup all week
great signals
in wondering about yourself, you forgot what you came here to be part of
 
 
  • Post #711,315
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  • Dec 4, 2022 4:33pm Dec 4, 2022 4:33pm
  •  Bones
  • Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,532 Posts
Quoting nAVIN2007
Disliked
{quote} {quote} Tony, George is right, however 1.2311 will break..I consider this high probability. I think u do as well, infact i expect almost no DD Only time can tell
Ignored
So high probability he's wrong
#doyourownanalysisordietryin
 
 
  • Post #711,316
  • Quote
  • Dec 4, 2022 4:55pm Dec 4, 2022 4:55pm
  •  KeenPips
  • Joined Dec 2015 | Status: Member | 7,346 Posts
If you are tracking the GBPUSD this week, consider this technical perspective from a medium-term swing trader. GBPUSD price action on the daily time frame is in a bullish mode. It is presently within a significant horizontal resistance zone aligned with the 1.26800/1.21250 monthly supply zone (purple). Although presently there is weakness in bullish momentum, indicated by the relatively small bullish print of last Friday, there is room for northward market engineering within the zone.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
 
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  • Post #711,317
  • Quote
  • Edited 5:25pm Dec 4, 2022 5:09pm | Edited 5:25pm
  •  tradexyz
  • Joined Nov 2022 | Status: Member | 558 Posts
will close the sinGAPore petronages towers spread not worth it seperations of powers

https://duckduckgo.com/?q=diego+garc...web&iaxm=about
Relax, focus and trade what you see. Copyright
 
 
  • Post #711,318
  • Quote
  • Dec 4, 2022 5:22pm Dec 4, 2022 5:22pm
  •  mrluckystar
  • Joined May 2011 | Status: Balance sh*t | 2,062 Posts
Good morning
Short dragon @165 for 163.68 /163.50
Short uj @134.45 for 132.55/131.73
Peace Yo!
 
1
  • Post #711,319
  • Quote
  • Dec 4, 2022 5:25pm Dec 4, 2022 5:25pm
  •  dantpm
  • Joined Aug 2022 | Status: Stubborn, slow but still learning! | 1,614 Posts
Quoting KeenPips
Disliked
If you are tracking the GBPUSD this week, consider this technical perspective from a medium-term swing trader. GBPUSD price action on the daily time frame is in a bullish mode. It is presently within a significant horizontal resistance zone aligned with the 1.26800/1.21250 monthly supply zone (purple). Although presently there is weakness in bullish momentum, indicated by the relatively small bullish print of last Friday, there is room for northward market engineering within the zone. I may be wrong. Trade safe and prosper. KP {image}
Ignored
Bunch of FVG to fill potentially before it moves higher.
Stubborn, often slow but still learning!
 
1
  • Post #711,320
  • Quote
  • Dec 4, 2022 5:43pm Dec 4, 2022 5:43pm
  •  dantpm
  • Joined Aug 2022 | Status: Stubborn, slow but still learning! | 1,614 Posts
Might have it now after a bit of practice
Possible move lower before it moves higher!
Attached Image (click to enlarge)
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Size: 138 KB
Stubborn, often slow but still learning!
 
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