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Cable Update (GBPUSD)

  • #712,161
  • Dec 7, 2022 8:33am Dec 7, 2022 8:33am
2 Losses (sell), 1 win (buy)
Missed the Add-in pullback Buy.

Price will probably continue up, trailing stopped out, won't re-enter a long.

Will Sell Above 1.2260 GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-traders-global-group.png Size: 12 KB
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #712,162
  • Dec 7, 2022 8:38am Dec 7, 2022 8:38am
What if we have the same scenarion as yesterday ?

GU closed it news gap (around 224x) yesterday.....then dropped to new lows

EU closed its news gap (around 054x) today....drop now ?

Watching closely how it develops here
COT: The precious data ignored
  • #712,163
  • Dec 7, 2022 8:39am Dec 7, 2022 8:39am
Quoting Pat Chiko
{quote} GU Moved Stop. Target above for LQ. Now we wait for Stopped out or TP.{image} P/S Waiting for Coreg to give me some clue. I hope she will join this thread soon.
GU

add LONG Scalp position moved target to LQ zone.
Moved Stop.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 187.jpg Size: 179 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #712,164
  • Dec 7, 2022 8:40am Dec 7, 2022 8:40am
Quoting kuroro001
With this market going up and down quickly and strongly its forcing people to take directional bet, then it reverses Just ahead of inflation reports and FOMC Clever market
Correct statements
Shekh In Desert
  • #712,165
  • Dec 7, 2022 8:40am Dec 7, 2022 8:40am
Woke up with nicely profit hit on all of my longs… ON SIDELINES
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 6B7269E8-2863-4E5B-B893-1245F7E0A222.png Size: 65 KB
Extreme gut feeling trader
  • #712,166
  • Dec 7, 2022 8:41am Dec 7, 2022 8:41am
Quoting Bella.al
{quote} Current Rate : 1.22179 i am +25 Pips as i write this , i have not moved my S/L to protect position yet . GBP/USD heading for 'Bella's Price Objective 1 = 1.22645' -Bella's Blue {image}
Very nice if you are on my side

My Objective 1.23050 for today

Will post the Trade Screenshot next message
Shekh In Desert
  • #712,167
  • Edited 9:09am Dec 7, 2022 8:43am | Edited 9:09am
1.21066 discover 1.21566&7up of 411 close enter 121267 any ways no more predictions!
Attached Image (click to enlarge)
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  • #712,168
  • Dec 7, 2022 8:46am Dec 7, 2022 8:46am
Pay attention to today's close...

A close above 1.2250 will point at 1.2460 by or before Friday.

A close below 1.2150 will point at 1.1900 by or before Friday.
Data + Stat + Risk/Emotions Management
  • #712,169
  • Dec 7, 2022 8:51am Dec 7, 2022 8:51am
Quoting Georginson
Pay attention to today's close... A close above 1.2250 will point at 1.2460 by or before Friday. A close below 1.2150 will point at 1.1900 by or before Friday.
you have been on the short side , what side now ?
  • #712,170
  • Dec 7, 2022 8:53am Dec 7, 2022 8:53am
Quoting Milan
{quote} What if not?
next Wednesday
yes yes yes
  • #712,171
  • Dec 7, 2022 8:54am Dec 7, 2022 8:54am
Quoting Bella.al
{quote} Current Rate : 1.22179 i am +25 Pips as i write this , i have not moved my S/L to protect position yet . GBP/USD heading for 'Bella's Price Objective 1 = 1.22645' -Bella's Blue {image}
Current Rate :1.22034

Slow Market . However, 'Bella's Price Momentum +0.12' still on my side Positive. I still haven't protected the position by moving stoploss .

Looking for Objective 1

-Bella's Blue
Attached Image (click to enlarge)
Click to Enlarge Name: Bella'sBlue_02.png Size: 13 KB
Goddess of Thunder..
  • #712,172
  • Dec 7, 2022 8:56am Dec 7, 2022 8:56am
Did not matter what I did today. Just losses.
  • #712,173
  • Dec 7, 2022 9:02am Dec 7, 2022 9:02am
Quoting ToSatisfy
Right I was busy with some other stuff Back to trading Gbpusd I have Short for a Target shown in screenshot {image} Timeframe H4
Quoting ToSatisfy
{quote} {image} Timeframe H4 And I hold my Sells for Gbpusd for now
That target of 1.21190 was hit

Anyway moving forward this is tricky time now but I have Buy trade

There is a nice huge Bull Candle completed on H4
RSIs lower nod turned up from bottom
Probably the momentum will stick this up further atleast 100 pips maybe

Attached Image (click to enlarge)
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Shekh In Desert
  • #712,174
  • Dec 7, 2022 9:03am Dec 7, 2022 9:03am
Quoting MrFanciful
Did not matter what I did today. Just losses.
If your losses are 90% of the time, have you thought of doing the opposite of it ?
Or what trading system you use ? just curious
COT: The precious data ignored
  • #712,175
  • Dec 7, 2022 9:03am Dec 7, 2022 9:03am
Quoting Moty
they called it awesome for a reason {image}
so why are you not using it?

in case you are interestd:
the AO is nothing else than the delta of a 34 moving average and a 5 moving average calculated on the median price.
in wondering about yourself, you forgot what you came here to be part of
  • #712,176
  • Dec 7, 2022 9:06am Dec 7, 2022 9:06am
Quoting knkie
{quote} so why are you not using it? in case you are interestd: the AO is nothing else than the delta of a 34 moving average and a 5 moving average calculated on the median price.
It has been working earlier because price of GU (on the 1mn tf) has been smooth, steady move...

But look now, same strategy would make you lose so far
COT: The precious data ignored
  • #712,177
  • Dec 7, 2022 9:07am Dec 7, 2022 9:07am
Quoting Moty
{quote} next Wednesday
Than better close it and fix it tomorrow
  • #712,178
  • Dec 7, 2022 9:07am Dec 7, 2022 9:07am
Quoting kuroro001
{quote} It has been working earlier because price of GU (on the 1mn tf) has been smooth, steady move... But look now, same strategy would make you lose so far
yes agreed
but i was hoping Moty would see that

The AO is a Bill WIlliams indicator.
5/34 MA crosses.

It is meant to be used with other Bill Williams indicators like his 5 bar fractal
in wondering about yourself, you forgot what you came here to be part of
  • #712,179
  • Dec 7, 2022 9:10am Dec 7, 2022 9:10am
Quoting knkie
{quote} yes agreed but i was hoping Moty would see that The AO is a Bill WIlliams indicator. 5/34 MA crosses. It is meant to be used with other Bill Williams indicators like his 5 bar fractal
He will sooner or later


And i like Williams indicator, WPR is the best to me
COT: The precious data ignored
  • #712,180
  • Dec 7, 2022 9:13am Dec 7, 2022 9:13am
add sell - 1.2185
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