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Cable Update (GBPUSD)

  • #712,621
  • Edited 9:40am Dec 8, 2022 9:21am | Edited 9:40am
Quoting DrDave
{quote} you tell me your entries, one at a time and i will prove your indicators donīt work LOL. No need. I have my lagging indicators that I use every time that I trade, and my success rate over hundreds of trades shows me that they serve me well. But just for fun, see the screen capture below of 2 scalps that I made recently. Now feel free to provide proof that the indicators "don't work". {image}
Robinhood1, I realized that I did not actually provide you with the entry details in that screen capture. So see the one below.

The time is GMT +2.

I look forward to the presentation of your proof next week.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
To free Gazans of Hamas, use whatever it takes.
  • #712,622
  • Dec 8, 2022 9:23am Dec 8, 2022 9:23am
Quoting erez h
something fishy here, why is GBP not breaking?
Possibility big break up
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #712,623
  • Dec 8, 2022 9:24am Dec 8, 2022 9:24am
Quoting erez h
something fishy here, why is GBP not breaking?
You already figured it out --->something fishy here
To free Gazans of Hamas, use whatever it takes.
  • #712,624
  • Dec 8, 2022 9:24am Dec 8, 2022 9:24am
Quoting erez h
something fishy here, why is GBP not breaking?
Daily range is still tiny

Either we go to around 2300 today, or massive drop to 2100
COT: The precious data ignored
  • #712,625
  • Dec 8, 2022 9:27am Dec 8, 2022 9:27am
Quoting GODofMC
{quote} Possibility big break up
I hope so but it's not happening
  • #712,626
  • Dec 8, 2022 9:27am Dec 8, 2022 9:27am
I believe that every candle pattern from 1 min to 1 day is bullish right now for GU!
  • #712,627
  • Dec 8, 2022 9:29am Dec 8, 2022 9:29am
Quoting GODofMC
{quote} Possibility big break up
The D1 is trying to end yet another brief pullback and start another up continuation to the D2. The smaller TFs are all getting on board. The H16 making a 3-bar swing low will add tremendous weight to this view.
To free Gazans of Hamas, use whatever it takes.
  • #712,628
  • Dec 8, 2022 9:30am Dec 8, 2022 9:30am
Quoting genadi
{quote} but you are putting the risk on the table. you put your early salary into broker account and risking it to make your weekly wage.
But if the system has an edge then it should turn out profitable in the long run.

Provided that it has an edge and no emotion trading is om the table (which I have failed to do so for the past few months)

I'm starting back up with training my discipline and not to FOMO first.
But when I see something I'm confident, I'll usually place in more to profit from it.
And recent markets PA isn't friendly so up down we go.
Exhausted
  • #712,629
  • Dec 8, 2022 9:31am Dec 8, 2022 9:31am
DXY could still bounce from here
  • #712,630
  • Dec 8, 2022 9:31am Dec 8, 2022 9:31am
Sold target today's low
  • #712,631
  • Dec 8, 2022 9:33am Dec 8, 2022 9:33am
Quoting dantpm
I believe that every candle pattern from 1 min to 1 day is bullish right now for GU!
If you are referring to the limited TFs available on MT4, then yes. I also use H16, and it is not confirmed up yet. But it certainly is headed that way.
To free Gazans of Hamas, use whatever it takes.
  • #712,632
  • Dec 8, 2022 9:36am Dec 8, 2022 9:36am
Non-thread related topic,

Any other pairs that is good to trade aside from GU?
I'm leaning more onto UJ as it tends to be more profitable for me as there were less choppy PA.

Used to hate the Aussie and Loonie because I couldn't understand it's PA but now it seems easier than Cable.

GJ spreads is quite wide from my broker so I stayed away from it after having a tremendous lost (psst, after a huge profit which then led to a downfall, constantly took out by my stoploss)
Exhausted
  • #712,633
  • Dec 8, 2022 9:38am Dec 8, 2022 9:38am
Moty rocket

Update: Oh no, I think it's crashing at a resistance.
Dxy getting supported
Exhausted
  • #712,634
  • Dec 8, 2022 9:39am Dec 8, 2022 9:39am
Quoting DrDave
{quote} If you are referring to the limited TFs available on MT4, then yes. I also use H16, and it is not confirmed up yet. But it certainly is headed that way.
Also, at the moment is one of those "tricky" conditions where price is moving higher but momentum is dropping.
To free Gazans of Hamas, use whatever it takes.
  • #712,635
  • Dec 8, 2022 9:39am Dec 8, 2022 9:39am
Isn't it great? tissue someone?
  • #712,636
  • Dec 8, 2022 9:43am Dec 8, 2022 9:43am
Can't change my mind seeing all this rise above 2200 as trap....but i may be totally wrong
COT: The precious data ignored
  • #712,637
  • Dec 8, 2022 9:43am Dec 8, 2022 9:43am
Quoting erez h
Isn't it great? tissue someone?
dead
  • #712,638
  • Dec 8, 2022 9:45am Dec 8, 2022 9:45am
I'm out from long. Might look to short (pst, trading in demo)
Exhausted
  • #712,639
  • Dec 8, 2022 9:45am Dec 8, 2022 9:45am
My up bias is based on dxy … alot of room for new low….
Extreme gut feeling trader
  • #712,640
  • Dec 8, 2022 9:46am Dec 8, 2022 9:46am
Quoting kuroro001
Can't change my mind seeing all this rise above 2200 as trap....but i may be totally wrong
All USD Crosses are facing resistance or support. In this ranging week, YES this could be trap to go long and stopped out.
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