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Cable Update (GBPUSD)

  • #711,921
  • Dec 6, 2022 9:01pm Dec 6, 2022 9:01pm
cable looking weak today
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  • #711,922
  • Dec 6, 2022 9:02pm Dec 6, 2022 9:02pm
Quoting Robinhood1
{quote} GJ Squaring the slope {image}
Back onto slope. GJ is up. Will add when breakout.

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POSTMASTER
  • #711,923
  • Dec 6, 2022 9:04pm Dec 6, 2022 9:04pm
Long - 15p sl
risky but could be gold
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  • #711,924
  • Dec 6, 2022 9:05pm Dec 6, 2022 9:05pm
Quoting montygoldy
Entered short at 1.21430… looking for 20 pips or more …. edit: dxy 4h looks like going for homerun… changed tp to 1.21….. {image}
Closed all the shorts … will short higher … done for asia … updates on two different challenge accounts
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Extreme gut feeling trader
  • #711,925
  • Dec 6, 2022 9:06pm Dec 6, 2022 9:06pm
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yes yes yes
  • #711,926
  • Dec 6, 2022 9:20pm Dec 6, 2022 9:20pm
Quoting Whale
Long - 15p sl risky but could be gold {image}
tp around 1.2275

so something like 140 pips target for today.. we need it fast to finish bearish today with NY.
Maybe im drunk and talking shit.

i let the market do miracles
  • #711,927
  • Dec 6, 2022 9:23pm Dec 6, 2022 9:23pm
Morning folks. I'm still looking to sell any rise. I think DXY will still go deeper into the H4 supply.

There's perfect confluence with the daily pivot and the weekly POC. So wait for dxy to take out the asia low, then sell around the daily pivot/weekly POC, 1.2175 ish. That's just my initial impression.
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  • #711,928
  • Dec 6, 2022 9:40pm Dec 6, 2022 9:40pm
Both instruments have potential to around 150. Will be entrying when most buyers have been kicked out

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POSTMASTER
  • #711,929
  • Dec 6, 2022 9:41pm Dec 6, 2022 9:41pm
Today it reached CandleLow after two days down, so it looks like it will end with a small Candle. Even if it moves a lot, it will come back, so don't chase it too far. In that case, tomorrow and the day after tomorrow will be a clear rising day. However, I don't know if this estimate is reliable because it is an old beginner.
Either way you have to trade the way it moved.
Good luck buddy
Best wishes for us.
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  • #711,930
  • Dec 6, 2022 9:46pm Dec 6, 2022 9:46pm
Quoting Jolita
{quote} Canadian dollar positive correlates with crude / energy. Crude plummet - 4% today. UC daily BB overbought.
Forgot to ask. What did you think about my GJ trades yesterday?
POSTMASTER
  • #711,931
  • Dec 6, 2022 9:49pm Dec 6, 2022 9:49pm
Quoting mysterio
Morning folks. I'm still looking to sell any rise. I think DXY will still go deeper into the H4 supply. There's perfect confluence with the daily pivot and the weekly POC. So wait for dxy to take out the asia low, then sell around the daily pivot/weekly POC, 1.2175 ish. That's just my initial impression. {image}
I prefer to wait for the sell, but you can probs buy from here. M5 demand/volume cluster.
Just a small position.
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  • #711,932
  • Dec 6, 2022 10:00pm Dec 6, 2022 10:00pm
Quoting navk
I have taken short. Stop 2150. Entry 2137.
out from my short trades. Took few dollars.

Asian low holding.
Intraday only.
  • #711,933
  • Dec 6, 2022 10:09pm Dec 6, 2022 10:09pm
Quoting Whale
{quote} tp around 1.2275 so something like 140 pips target for today.. we need it fast to finish bearish today with NY. Maybe im drunk and talking shit. i let the market do miracles
-15 sl hit.


next one after LO
  • #711,934
  • Dec 6, 2022 10:10pm Dec 6, 2022 10:10pm
Quoting mysterio
{quote} I prefer to wait for the sell, but you can probs buy from here. M5 demand/volume cluster. Just a small position. {image} {image}
created a large bearish imbalance. if this breakss it's good conf for the buy. if it holds then we're going for the asia low.

(As I wrote this we just grabbed asia low. so i've widened my stop and added.)
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  • #711,935
  • Dec 6, 2022 10:14pm Dec 6, 2022 10:14pm
Quoting Whale
{quote} -15 sl hit. next one after LO
kindly check my previous post on cable
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  • #711,936
  • Dec 6, 2022 10:17pm Dec 6, 2022 10:17pm
2080/85 will get hit before retrace.

My trading theory for my followers :

If previous day low or high breaks during asian session, I trade or wait for s1 or r1 to get hit for retrace
Intraday only.
  • #711,937
  • Dec 6, 2022 10:21pm Dec 6, 2022 10:21pm
Quoting mysterio
{quote} created a large bearish imbalance. if this breakss it's good conf for the buy. if it holds then we're going for the asia low. (As I wrote this we just grabbed asia low. so i've widened my stop and added.) {image}
I think if this level breaks up, the buy is ok. if it holds, i'll swallow the loss

target 1.2175
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  • #711,938
  • Dec 6, 2022 10:23pm Dec 6, 2022 10:23pm
Quoting fxmasterdxb
I have not been participating in the forum since quite a long time, but today i want share my view. I see cable dropping to 1.2080 - 1.1960 tomorrow/day after before a retrace, the rest of the month pa could drop max to 1.1790ish before final stop @ 1.1580ish by Jan. I expect pa north continuation from there to 1.28 minimum by 2nd quarter next year
Price between 1.2085 to 1.2055 we could see a retracement on 4hr candle, if its breached then next stop is 1.1970ish
  • #711,939
  • Dec 6, 2022 10:26pm Dec 6, 2022 10:26pm
yesterday took an order , after i deposite 155 $ in my account , with tp at 1.21000 area
if it successful , it was suppose to doubled my equity
the mf squeeze the price all the way up to 1.22685 , and then drop it down to 1.21000 area
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took long at uj , i probably will trade 1 min psar strategy today
i will post the strategy if successful
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yes yes yes
  • #711,940
  • Dec 6, 2022 10:29pm Dec 6, 2022 10:29pm
Quoting mysterio
{quote} I think if this level breaks up, the buy is ok. if it holds, i'll swallow the loss target 1.2175 {image}
DXY is bee-lining to S1 but GU is holding steady. staying in buy for now.
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