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Cable Update (GBPUSD)

  • #711,441
  • Dec 5, 2022 8:14am Dec 5, 2022 8:14am
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POSTMASTER
  • #711,442
  • Dec 5, 2022 8:14am Dec 5, 2022 8:14am
Quoting mtako
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:{quote}{quote}{quote}{quote}{quote}{quote}{quote}{quote}ALL...
It's the GOAT again!

I hope you are able to take advantage of this retracement when it occurs.

Cheers.
  • #711,443
  • Dec 5, 2022 8:17am Dec 5, 2022 8:17am
Quoting Waveskierrob
{quote} Ouch...hope you didn't go SHORT
I went Long at London Open, I mean, there has to be some retracement for Christ's sake.. USD fell 1800 pips against Yen.
I also have Short on EUR/USD and GBP/USD.
Not saying USD has regained strenght, but some retracement is in order after this heavy USD depreciation we witnessed in a very Short span of time, no?

USD/JPY H1 and GBP/USD H1
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD H1.png Size: 19 KB
  • #711,444
  • Dec 5, 2022 8:19am Dec 5, 2022 8:19am
Quoting Wavegarrick
{quote} Hi Guys, Very significant to me is a weekly close above my 2 year 50% Fib retrace at 1.22866. Price currently standing at 1.22909. If you have followed weekly candle closes as long as I have you will understand the significance of it. We have almost a full bodied weekly candle and this is very bullish in my opinion. I.o.w we closed almost at the top of the week. My future weekly pivot at 1.21655 ish certainly a magnetic draw line for retraces and I will monitor price action around this area for buy entries. My monthly res 1 at 1.2422 certainly...
I am getting full buy confirmation from a 4hr perspective and in with some buy trades.
Take care Folks.
Attached Image (click to enlarge)
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Trade to trade another day
  • #711,445
  • Dec 5, 2022 8:23am Dec 5, 2022 8:23am
I wouldn't mind, and would be happy with 1000 pips drop into december, to buy cheap for next year
COT: The precious data ignored
  • #711,446
  • Dec 5, 2022 8:26am Dec 5, 2022 8:26am
Quoting Wavegarrick
{quote} I am getting full buy confirmation from a 4hr perspective and in with some buy trades. Take care Folks. {image}
Interesting.. While H1 confirmed Short, H4 still didn't. However, last H4 Candle closed below the Gray line which indicates Bears pressure. You have Long signals and I have Short.. are we going to witness Range?.. God, hope not. Although, it's perfectly reasonable due to next Week's enormous amount of High-Impact news..

H4 Chart indicates Support lies at 1.2240.., so perhaps Buying from here isn't bad.
Perhaps they are trapping Bears before the ISM release..
Attached Image (click to enlarge)
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  • #711,447
  • Dec 5, 2022 8:26am Dec 5, 2022 8:26am
Quoting Theoak
Half load long in at 1.2252
Took 40 pips on this trade.. I think this is in the downtrend cycle now, but I'm in the EUR at the moment with the same view.
Don't trade what you think. Just what you see!!!
  • #711,448
  • Dec 5, 2022 8:31am Dec 5, 2022 8:31am
Going long at 122.300
  • #711,449
  • Dec 5, 2022 8:31am Dec 5, 2022 8:31am
Quoting Theoak
{quote} Took 40 pips on this trade.. I think this is in the downtrend cycle now, but I'm in the EUR at the moment with the same view.
Short in at 1.2250 target 1.2232
Don't trade what you think. Just what you see!!!
  • #711,450
  • Dec 5, 2022 8:34am Dec 5, 2022 8:34am
Quoting kuroro001
I wouldn't mind, and would be happy with 1000 pips drop into december, to buy cheap for next year
Ready for the January sales!!!!
Don't trade what you think. Just what you see!!!
  • #711,451
  • Dec 5, 2022 8:34am Dec 5, 2022 8:34am
if this time the daily pivot breaks....S1 is next target
COT: The precious data ignored
  • #711,452
  • Dec 5, 2022 8:36am Dec 5, 2022 8:36am
Quoting kuroro001
if this time the daily pivot breaks....S1 is next target
I would of liked to see some Fundamental reason to get USD back on track, but perhaps market doesn't need one and this Weekly retracement is in order.
  • #711,453
  • Dec 5, 2022 8:36am Dec 5, 2022 8:36am
Quoting Bella.al
{quote} Current Rate : 1.22701 I am +31 Pips as i write this , Time to move my stop loss to protect trade T/S = 1.22979 ( Locked +4 Pips ) -Bella's Blue {image}
Current Rate : 1.22613

I have moved my Trailing Stop to 1.22807 ( Locked +21 Pips )

-Bella's Blue
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Goddess of Thunder..
  • #711,454
  • Dec 5, 2022 8:37am Dec 5, 2022 8:37am
1.22650 short
  • #711,455
  • Dec 5, 2022 8:43am Dec 5, 2022 8:43am
Quoting TheWolf
{quote} I would of liked to see some Fundamental reason to get USD back on track, but perhaps market doesn't need one and this Weekly retracement is in order.
And for me fundamental reason to short USD
Inflation is still very high, employment low, another round of rate hike in process. I can't long term short USD for now

Just buy/sell intraday

And i want to see if this USD new low/rejection will hold
COT: The precious data ignored
  • #711,456
  • Dec 5, 2022 8:52am Dec 5, 2022 8:52am
Quoting kuroro001
{quote} And for me fundamental reason to short USD Inflation is still very high, employment low, another round of rate hike in process. I can't long term short USD for now Just buy/sell intraday And i want to see if this USD new low/rejection will hold
I am ready to close trades and enter again if news come out bad for USD.
  • #711,457
  • Dec 5, 2022 9:00am Dec 5, 2022 9:00am
Quoting Theoak
{quote} Short in at 1.2250 target 1.2232
Out of this just want to see data... and will be back in soon!!!
Don't trade what you think. Just what you see!!!
  • #711,458
  • Dec 5, 2022 9:01am Dec 5, 2022 9:01am
Quoting Bella.al
{quote} Current Rate : 1.22613 I have moved my Trailing Stop to 1.22807 ( Locked +21 Pips ) -Bella's Blue {image}
Me three!
But slightly deeper TP
or at close of 1800 candle, whichever comes first.
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  • #711,459
  • Dec 5, 2022 9:01am Dec 5, 2022 9:01am
Quoting TheWolf
{quote} I am ready to close trades and enter again if news come out bad for USD.
Hot number

Another reason to increase US rates (if inflation sticks high though)
COT: The precious data ignored
  • #711,460
  • Dec 5, 2022 9:02am Dec 5, 2022 9:02am
GO BEARS!!... Wohoooo

Attached Image (click to enlarge)
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Goddess of Thunder..
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