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Cable Update (GBPUSD)

  • #712,061
  • Dec 7, 2022 4:27am Dec 7, 2022 4:27am
Quoting erez h
{quote} not at all, the support at 2111 didn't break, and the support at 105.50 at the dollar did. so...
When it is a rather large TF like Daily, the support does not need to break: It can be a rather weak down move that is sufficient for selling rallies on lower TFs.

Now if it were a weak down move on say H1, that would be a different matter.
To free Gazans of Hamas, use whatever it takes.
  • #712,062
  • Dec 7, 2022 4:30am Dec 7, 2022 4:30am
Quoting knkie
{quote} uhm yes but were you not advocating that H1 was in a rally? .... confused what your bias is now.... I look at M30, M15 & M5 mainly for quick rides. Im trying a Long @ 2148 on M5 just now
I think that I stated earlier that there will be RALLIES to be sold on smaller TFs. But many of these rallies will be strong enough to also buy into them. You just have to be aware of the caveats of buying the rallies because these are retracement swings rather than trend continuation swings.
To free Gazans of Hamas, use whatever it takes.
  • #712,063
  • Dec 7, 2022 4:33am Dec 7, 2022 4:33am
Quoting knkie
{quote} thank you Pat nice and clear. But just to be sure: did you open the trade on the H4 down close bar or when the new H4 open bar was finished? I think its the touch of the close bar right? {image}
Go to see bigger picture, where you can see RSF and unmitigated demand zone.
Full chart brings complete picture.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #712,064
  • Dec 7, 2022 4:35am Dec 7, 2022 4:35am
Quoting knkie
{quote} uhm yes but were you not advocating that H1 was in a rally? .... confused what your bias is now.... I look at M30, M15 & M5 mainly for quick rides. Im trying a Long @ 2148 on M5 just now
The train already passed the M5 station. Check the M15. But it looks like it already left and headed up, and likely about reached its destination. This is what is currently boosting up the H1.
To free Gazans of Hamas, use whatever it takes.
  • #712,065
  • Dec 7, 2022 4:37am Dec 7, 2022 4:37am
Quoting Moty
you shell not pass 1.21873 if you will get there at all mf the drop is coming {image} {image}
I will be looking for your hammer at daily pivot keep it ready
Insane in the Brain..
  • #712,066
  • Dec 7, 2022 4:42am Dec 7, 2022 4:42am
Quoting DrDave
{quote} The train already passed the M5 station. Check the M15. But it looks like it already left and headed up, and likely about reached its destination. This is what is currently boosting up the H1.
well im just sticking to my method.
closed my long with +20 pips on M5.

If price pulls back to around 2142 i may go in again
in wondering about yourself, you forgot what you came here to be part of
  • #712,067
  • Dec 7, 2022 4:43am Dec 7, 2022 4:43am
Quoting Pat Chiko
{quote} Go to see bigger picture, where you can see RSF and unmitigated demand zone. Full chart brings complete picture.
yes i get that.
But what im curious about is which bar you open the trade on.
The first H4 down bar that touches or the 2nd H4 up bar that moves away from the zone.
in wondering about yourself, you forgot what you came here to be part of
  • #712,068
  • Dec 7, 2022 4:44am Dec 7, 2022 4:44am
Quoting Pat Chiko
{quote} GU Common GU, one more spike up. You can do it....{image}
GU

Partial TP
Attached Image (click to enlarge)
Click to Enlarge Name: gu 175.jpg Size: 222 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #712,069
  • Dec 7, 2022 4:49am Dec 7, 2022 4:49am
Short at daily pivot (scalp to reject first attempt)
Insane in the Brain..
  • #712,070
  • Dec 7, 2022 4:50am Dec 7, 2022 4:50am
Quoting Pat Chiko
{quote} GU Partial TP{image}
waiting for you to switch to short to target your 1.2015 area lol
  • #712,071
  • Dec 7, 2022 4:51am Dec 7, 2022 4:51am
Quoting Pat Chiko
{quote} GU Partial TP{image}
The moment I saw that big spike up on GBP/USD to 1.2270, I knew it was about to crash lower. This is a very common price behaviour. They got rid of almost every Seller up there with that spike yesterday. NY session didn't even start yet, the price will fall below the low again in my opinion.
  • #712,072
  • Dec 7, 2022 4:52am Dec 7, 2022 4:52am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 17 KB
yes yes yes
  • #712,073
  • Dec 7, 2022 4:53am Dec 7, 2022 4:53am
Quoting knkie
{quote} yes i get that. But what im curious about is which bar you open the trade on. The first H4 down bar that touches or the 2nd H4 up bar that moves away from the zone.
Maybe this helps.

This is how I trade.
Structure and using S&R as place of N3.
This is good only for scalping trades. Wait for the LQ to get consumed.
Swing is different game.

Wait for the price to come to the zone and switch to LTF ( I use H1 or M30 for N3).
Attached Image (click to enlarge)
Click to Enlarge Name: gu 176.jpg Size: 139 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #712,074
  • Dec 7, 2022 4:56am Dec 7, 2022 4:56am
Price takes a bit of resistance at 200EMA. Once it breaks this next resistance is the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #712,075
  • Dec 7, 2022 5:02am Dec 7, 2022 5:02am
Quoting Robinhood1
{quote} Decided to trade GU for a while. Short 1.2135 to join. mini lot
Closed mini lot. I am useless trading outside my system
POSTMASTER
  • #712,076
  • Dec 7, 2022 5:03am Dec 7, 2022 5:03am
Quoting anandy1
Price takes a bit of resistance at 200EMA. Once it breaks this next resistance is the trendline. {image}

Correct way to draw TL.
Don't cut across the candle including wicks.
(No curve fittings)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 177.jpg Size: 181 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #712,077
  • Dec 7, 2022 5:04am Dec 7, 2022 5:04am
My B system for entertainment gives me long now. I am ok at GJ
POSTMASTER
  • #712,078
  • Dec 7, 2022 5:05am Dec 7, 2022 5:05am
Should be a quick fifty on the way up?
  • #712,079
  • Dec 7, 2022 5:07am Dec 7, 2022 5:07am
Quoting Pat Chiko
{quote} Maybe this helps. This is how I trade. Structure and using S&R as place of N3. This is good only for scalping trades. Wait for the LQ to get consumed. Swing is different game. Wait for the price to come to the zone and switch to LTF ( I use H1 or M30 for N3).{image}
excellent
thank you that answers my question
in wondering about yourself, you forgot what you came here to be part of
  • #712,080
  • Dec 7, 2022 5:10am Dec 7, 2022 5:10am
Quoting Trig
Should be a quick fifty on the way up?
break 122 first of course
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