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Cable Update (GBPUSD)

  • #712,801
  • Dec 9, 2022 12:48am Dec 9, 2022 12:48am
looks like sell limit missed by 2.5 pips. we took some EQH then filled a FP gap.

lets see at frankie open. if we break that last low i'll wait for the buy
Attached Image (click to enlarge)
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  • #712,802
  • Dec 9, 2022 12:48am Dec 9, 2022 12:48am
On the 4H 123 looks very do able
Insane in the Brain..
  • #712,803
  • Dec 9, 2022 12:52am Dec 9, 2022 12:52am
Quoting BeeTogether
On the 4H 123 looks very do able
I have 81-93 marked out for the sell. Problem is, once we get that close to a big round number, it usually hits

so i'll wait for a good confirmation before engagement

if this last m1 low breaks, i'll remove sell limit and look for buy
  • #712,804
  • Dec 9, 2022 12:52am Dec 9, 2022 12:52am
Where PPI will take us today?
North or South
More time in the market, does not mean you trade better!
  • #712,805
  • Dec 9, 2022 12:54am Dec 9, 2022 12:54am
Quoting Fardeen1209
Where PPI will take us today? North or South
That’s the million dollar question… a good PPI will take us south
Insane in the Brain..
  • #712,806
  • Dec 9, 2022 12:57am Dec 9, 2022 12:57am
Waiting for LO... sleepy
Exhausted
  • #712,807
  • Dec 9, 2022 12:57am Dec 9, 2022 12:57am
All the details were mentioned inside the chart. It very fairly easy.
Weekly trading range is 200 pips. watchout the prices and execute it patiently.
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  • #712,808
  • Dec 9, 2022 12:59am Dec 9, 2022 12:59am
Worst scenario, we range until NY session
Exhausted
  • #712,809
  • Dec 9, 2022 1:02am Dec 9, 2022 1:02am
Quoting Elysion
Worst scenario, we range until NY session
potentially. However red sticker data at 1.30 and 3pm uk time. That should give us movement till I’d say end of London trading time and then yes ranging as it’s a Friday
Insane in the Brain..
  • #712,810
  • Dec 9, 2022 1:03am Dec 9, 2022 1:03am
Quoting BeeTogether
{quote} That’s the million dollar question… a good PPI will take us south
I'm expecting a bad PPI tho.
The figures from last month were below consensus and as well as the 4hr GU market structure already settle for a HL since Wednesday and I think the PPI figures will give us the HH.
Just my thought, could be wrong.
More time in the market, does not mean you trade better!
  • #712,811
  • Dec 9, 2022 1:06am Dec 9, 2022 1:06am
Quoting Fardeen1209
{quote} I'm expecting a bad PPI tho. The figures from last month were below consensus and as well as the 4hr GU market structure already settle for a HL since Wednesday and i think going to the PPI figures will give us the HH. Just my thought, could be wrong.
usd is weak, a bad ppi will send cable flying
Attached Image (click to enlarge)
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  • #712,812
  • Dec 9, 2022 1:09am Dec 9, 2022 1:09am
PPI will be bad number there would be a spike in GU and then it will fall

Will be waiting it to spike after PPI

Just my view

Some news will come relating to some problem / war in some place and USD will recover
PaRaM
  • #712,813
  • Dec 9, 2022 1:12am Dec 9, 2022 1:12am
poet in THE world exchanges
  • #712,814
  • Dec 9, 2022 1:13am Dec 9, 2022 1:13am
Quoting mysterio
looks like sell limit missed by 2.5 pips. we took some EQH then filled a FP gap. lets see at frankie open. if we break that last low i'll wait for the buy {image}
missed by 0.4 pips

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  • #712,815
  • Dec 9, 2022 1:16am Dec 9, 2022 1:16am
Quoting mysterio
{quote} missed by 0.4 pips {image}
When a well-planned setup doesn't trigger, that's very frustrating, right?
More time in the market, does not mean you trade better!
  • #712,816
  • Dec 9, 2022 1:18am Dec 9, 2022 1:18am
new strategy
no more wars no more little scalping
took short at the cross , will close it at the opposite cross
Attached Image (click to enlarge)
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yes yes yes
  • #712,817
  • Dec 9, 2022 1:19am Dec 9, 2022 1:19am
Quoting mysterio
{quote} missed by 0.4 pips {image}
now invalid.

eyes peeled for buy below 52
  • #712,818
  • Dec 9, 2022 1:21am Dec 9, 2022 1:21am
can we see one more push up?


  • #712,819
  • Dec 9, 2022 1:23am Dec 9, 2022 1:23am
Closed all the sells with 2-3 pips tp… cable is feeling the pressure to go down.. this 4h candle has the potential to create a new high.. only gut feeling… opened longs for targeting 1.22900…. We get it there first before any sell action
Extreme gut feeling trader
  • #712,820
  • Dec 9, 2022 1:23am Dec 9, 2022 1:23am
Quoting Fardeen1209
{quote} When a well-planned setup doesn't trigger, that's very frustrating, right?
cable at significant resistance and ATR weak , a perfect recipe for traps
retil will be hoping for a breakout and .........
Attached Image (click to enlarge)
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