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Cable Update (GBPUSD)

  • #712,701
  • Dec 8, 2022 9:42am Dec 8, 2022 9:42am
Quoting mysterio
DXY done it's business IMHO time for 1.21 {image}
Please can you show the volume profile chart for GBPUSD?

Thanks.
  • #712,702
  • Dec 8, 2022 9:45am Dec 8, 2022 9:45am
Quoting dantpm
{quote} Yeah but will it get down to 104.400 to fill the gap Moty pointed out?
Dantpn, with all due respect, It will get to 104.400 if it wants to and if it gets there how do you know it will simply just stop at 104.400? Usdx is in a downward trajectory and I have been saying this for months. I don't want to influence your trading bias but for me we are in a downward trajectory.
Cheers/
Trade to trade another day
  • #712,703
  • Dec 8, 2022 9:50am Dec 8, 2022 9:50am
Quoting pipcenturion
{quote} Please can you show the volume profile chart for GBPUSD? Thanks.
Here's the weekly market profile, I think that's what you're asking for

Let me know if you want daily, or further back etc

Let met know your thoughts. As you can see we're near the top of the VAH off the week and approaching an HVN from last week.
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  • #712,704
  • Dec 8, 2022 9:55am Dec 8, 2022 9:55am
Quoting montygoldy
Dxy has room to go to 1.04400-500 today....
Dxy is approaching V pattern level I was waiting for a long time, if goes below 10400, we go down.
But not necessarily can move below. There is another pattern visible - bullish scallop. Also a year end. I expect to retrace from January, and close the year of 2022 on a bullish mode.
But of course follow the big fish, we never can be sure.
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  • #712,705
  • Dec 8, 2022 9:56am Dec 8, 2022 9:56am
I doubt we'll make it past this HVN tonight, IMHO we're distributing on M5.. but i'm biased
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  • #712,706
  • Dec 8, 2022 9:56am Dec 8, 2022 9:56am
GBPUSD will breakout Upwards in the Asian session.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #712,707
  • Dec 8, 2022 10:01am Dec 8, 2022 10:01am
Quoting mysterio
{quote} Here's the weekly market profile, I think that's what you're asking for Let me know if you want daily, or further back etc Let met know your thoughts. As you can see we're near the top of the VAH off the week and approaching an HVN from last week. {image}
Thanks so much sir.

Here's what I have from my Volume Adjusted Price (VAP) method:

(1) Sellers ought to be waiting at 1.2273 to fill limit orders or at 1.2204 to fill sell stop orders.

(2) Buyers ought to be at 1.2009
  • #712,708
  • Dec 8, 2022 10:02am Dec 8, 2022 10:02am
Quoting Phil_GMT
GBPUSD will breakout Upwards in the Asian session.
Well, Tuesday's high is very close and there is a hidden gap on m30 above it. So it is possible.

I'm considering if DXY is just down to fill that gap and raid liquidity or on a trip to mitigate H1 Demand from the breakout on Monday
  • #712,709
  • Dec 8, 2022 10:10am Dec 8, 2022 10:10am
Quoting pipcenturion
{quote} Thanks so much sir. Here's what I have from my Volume Adjusted Price (VAP) method: (1) Sellers ought to be waiting at 1.2273 to fill limit orders or at 1.2204 to fill sell stop orders. (2) Buyers ought to be at 1.2009
Volume adjusted price? Not weighted price? Can you tell me what your method is in a nutshell ?
  • #712,710
  • Dec 8, 2022 10:12am Dec 8, 2022 10:12am
I think it's down
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  • #712,711
  • Dec 8, 2022 10:12am Dec 8, 2022 10:12am
All out !!!
1.22339 looks unbeatable today
67 $ on long at the London session
13 $ on ahort at the Asian session
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yes yes yes
  • #712,712
  • Dec 8, 2022 10:12am Dec 8, 2022 10:12am
Quoting Moty
Moreeeeee Moreeeeee {image}
Moty, someone with deep pocket selling at YH...check the 30M chart.
Always trade your own plan...I don't provide trading signals.
  • #712,713
  • Dec 8, 2022 10:15am Dec 8, 2022 10:15am
Quoting mysterio
I doubt we'll make it past this HVN tonight, IMHO we're distributing on M5.. but i'm biased {image}
Actually it was a couple of members on this thread that got me interested in Volume and I've been studying it for the last two years. W0lfram & Bainbrito... still around ?

Anyway it changed my game. Took a while to get my head around the Footprint but i'm glad I did. I can't trade without volumes now.
  • #712,714
  • Dec 8, 2022 10:19am Dec 8, 2022 10:19am
A lot of rejection at 12237-38 during the normal day it would break eventually but on the graveyard shift will be hard
Insane in the Brain..
  • #712,715
  • Dec 8, 2022 10:20am Dec 8, 2022 10:20am
Quoting Coreg2004
{quote} Moty, someone with deep pocket selling at YH...check the 30M chart.
Deep pockets alright.... got absorbed at 17:35 broker time and there hasn't been much interest to go up since
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  • #712,716
  • Dec 8, 2022 10:21am Dec 8, 2022 10:21am
Quoting mysterio
{quote} Volume adjusted price? Not weighted price? Can you tell me what your method is in a nutshell ?
It is just some little maths work. I use volume (quantity) traded on my broker's platform to re-adjust price.
  • #712,717
  • Dec 8, 2022 10:22am Dec 8, 2022 10:22am
Quoting Moty
Come on pull back {image}
I think that arrow should be pointing UP!

Once DXY closes above 105 it will be

Remember PMI tomorrow - buy the rumor sell the fact.
...because you never know - until you do!
  • #712,718
  • Dec 8, 2022 10:23am Dec 8, 2022 10:23am
Quoting Moty
All out !!! 1.22339 looks unbeatable today 67 $ on long at the London session 13 $ on ahort at the Asian session {image}
didn't see your previous post...but you know I care about you...
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Always trade your own plan...I don't provide trading signals.
  • #712,719
  • Dec 8, 2022 10:35am Dec 8, 2022 10:35am
Quoting Robinhood1
GJ a push up pls
POSTMASTER
  • #712,720
  • Dec 8, 2022 10:36am Dec 8, 2022 10:36am
Quoting mysterio
{quote} Actually it was a couple of members on this thread that got me interested in Volume and I've been studying it for the last two years. W0lfram & Bainbrito... still around ? Anyway it changed my game. Took a while to get my head around the Footprint but i'm glad I did. I can't trade without volumes now.
Reading your chart actually reminded me of W0lfram. He is missed. Hope all is good back home.

I like the squared order boxes, valued info.
Not sure how you interpret the volume indi on your chart. PA is visible without it. Times when data is released volume will be automatically high, could wipe your trades, how would you know when trade is changing?
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