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Cable Update (GBPUSD)

  • #713,881
  • Dec 13, 2022 5:55am Dec 13, 2022 5:55am
Pre-Trading Market Analysis
Date: 13/12/2022
11:51 AM GMT

Yesterday's High : 1.22983
Yesterday's Low : 1.22055

Daily Bar Bias: Moderately Bullish
Bella's Price Momentum : +ve : 0.00

Pivots:
L3 : 1.22389 H3: 1.22891
L4: 1.22130 H4: 1.23150

GBP/USD - 1.22963... Cable is now trading above the H3 lvl acting as support and lots of touches to Yesterday's High. The BPM is recording a bullish reading +0.00 which is suggesting upcoming long is in the books for me. i am now getting biased for a long entry soon..

Bella's Blue
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Goddess of Thunder..
  • #713,882
  • Dec 13, 2022 5:56am Dec 13, 2022 5:56am
LONG
SL 6 pips
Tp 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: long.png Size: 25 KB
My telegram: https://t.me/avidforex
  • #713,883
  • Dec 13, 2022 6:01am Dec 13, 2022 6:01am
Possible res at 1.230000
yes yes yes
  • #713,884
  • Dec 13, 2022 6:04am Dec 13, 2022 6:04am
So we can all now agree that Bailey did absolutely nothing to help directional bias!
  • #713,885
  • Dec 13, 2022 6:06am Dec 13, 2022 6:06am
Well, 500 pips up or down is inevitable combining CPI's for US and UK, Fed's and BoE's rate hikes, right?
  • #713,886
  • Dec 13, 2022 6:07am Dec 13, 2022 6:07am
Quoting BrainBucks
So we can all now agree that Bailey did absolutely nothing to help directional bias!
Well.. he actually didn't do anything yeah haha.. BUT market pushed Pound higher. Now, that's interesting.. someone's rushing into that Resistance Zone?
  • #713,887
  • Dec 13, 2022 6:09am Dec 13, 2022 6:09am
Quoting bilal1947
Bias for GU is short only - 1.2300 is a good level to short
daily ichimoku leaves "some" possibility for long as well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-d1-xm-global-limited gu 13 12 a.png Size: 22 KB
...and 2250 could leads to 2000 of course.., or to 2750 (I'd like to put these number)
btw.., there are missing WPPs at 1.29th area..,
daily, charting with fxstreet
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD daily 12 12 mpp.png Size: 21 KB
I do not trade cable right now.., but check her every week.., it's end of the year.., everything could happen
H4.., between the TL ( I call it )
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicro-h4-xm-global-limited gu 13 12 b.png Size: 23 KB
sorry to bother
dolce vita
  • #713,888
  • Dec 13, 2022 6:10am Dec 13, 2022 6:10am
Quoting Lekkim
{quote} From 100k to 2.6m in 4 days with 629 trades, 5426 pips and profit factor of 2,25 https://www.myfxbook.com/portfolio/lekkim/9882117 {image}
Currently at 2.6m, betting a lot of on gbp weakness, should be 3,5-4m end of day, All vertified I'm daytrading like a maniac haha, high risk high reward hope I don't blow it. 10m end of week is the goal and continue this so I can have some proff for funding a real account https://www.myfxbook.com/portfolio/lekkim/9882117
  • #713,889
  • Dec 13, 2022 6:19am Dec 13, 2022 6:19am
Attached Image (click to enlarge)
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yes yes yes
  • #713,890
  • Dec 13, 2022 6:19am Dec 13, 2022 6:19am
Well worth a long if we see some short term bullish momentum.
Don't trade what you think. Just what you see!!!
  • #713,891
  • Dec 13, 2022 6:20am Dec 13, 2022 6:20am
Quoting Moty
Possible res at 1.230000
DeMark's WR1 is 1.23018
dolce vita
  • #713,892
  • Dec 13, 2022 6:21am Dec 13, 2022 6:21am
Well, I thought that Mr Market was going to be very quiet in this session, and he has been. So no pips for Indiara and I can't stay for the news. There is another day tomorrow,and I think I will be here for Uncle Frankie, even though I have a long day with an early start. So those who will see the NY session craziness, be careful but have fun.

Time to go to my bed

Indiara
I am neither brave nor stupid...I am just a part time trader
  • #713,893
  • Dec 13, 2022 6:21am Dec 13, 2022 6:21am
Quoting TheWolf
{quote} Well.. he actually didn't do anything yeah haha.. BUT market pushed Pound higher. Now, that's interesting.. someone's rushing into that Resistance Zone?
This ranging is starting to get reeeeaally annoying
jump into resistance and boom! it plunges a bit before a sharp pop back up!

What to do... what to do...
  • #713,894
  • Dec 13, 2022 6:23am Dec 13, 2022 6:23am
Quoting mohrali
{image}
Thanks Mohrali for sharing such beautiful chart.
CPLQ may trigger with Major Impact CPI data release

Good set up and marked up chart.
Thanks for the great work.

I share you mine, with similar set up ( posted in the other thread).

PAT
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #713,895
  • Dec 13, 2022 6:23am Dec 13, 2022 6:23am
Quoting Theoak
Well worth a long if we see some short term bullish momentum.
Long 1.2295
Don't trade what you think. Just what you see!!!
  • #713,896
  • Dec 13, 2022 6:24am Dec 13, 2022 6:24am
Quoting BrainBucks
{quote} This ranging is starting to get reeeeaally annoying jump into resistance and boom! it plunges a bit before a sharp pop back up! What to do... what to do...
Probably would be best to do, NOTHING.
Thing is, at whatever price you now enter, CPI will catch you immediately either way..
  • #713,897
  • Dec 13, 2022 6:28am Dec 13, 2022 6:28am
Quoting TheWolf
{quote} Probably would be best to do, NOTHING. Thing is, at whatever price you now enter, CPI will catch you immediately either way..
Damn! Already shorted again at 2302
  • #713,898
  • Dec 13, 2022 6:29am Dec 13, 2022 6:29am
Quoting TheWolf
** BAILEY IS SMILING, BAD NEWS AHEAD FOR POUND**
Yeah, but Powell carries his briefcase in his left hand...
Always trade your own plan...I don't provide trading signals.
  • #713,899
  • Dec 13, 2022 6:29am Dec 13, 2022 6:29am
Overtrading today. If you look at the tally, 10 times. But even small profits add up to a mountain. It's true.
It's like a wire like this, so it ends with 10 wins and 0 losses.
It's a fluke.
Attached Image (click to enlarge)
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  • #713,900
  • Dec 13, 2022 6:31am Dec 13, 2022 6:31am
GBP/USD
15M Long
30M Long
Hourly Just Confirmed Long
H4 Confirmed Short
Daily Still Long

USD/JPY
15M Short
30M Short
Hourly Confirmed Short Two Candles Ago
H4 Still Long
Daily Still Short

Basically, USD Down? This H4 is screwing everything..
Where's that Doctor when you need him!?
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