Cable Update (GBPUSD)

you must be Using Tight Stop Loss?
i learned now a days wth Pound have Unusual Stop loss Strategy, for example if my Stoploss is 1.2460 then i wll wait for 15M and even some times 30M chart to close Above and then close some tmes i loose more pips then my stop loss but Most of the Times at least i am sure i was wrong not just a spike to hit my Stoploss and then return to my Target...

Crazy day ! From nothing post data release to a crash bang wallop! My longs are still in , will look for TP around 123 let’s see how tomorrow goes. Not sure what if any red sticker data there is though

The up swing was already past the M1 TF. And it finally reached M15 for the swing high. So for a technical SL, you should have been focused on the M15, which would place the SL at that lowest low that started the M15 up swing.

30 min slades of gray hound funny details removed UBS key

CABLE - Bullish still leading on the Background (Based on HTF - W1)
The weekly closing will be important to watch. The lowest price in early September was the lowest area since 1985. Imagine, after all this time The Robber Bank MMs finally filled the long SM queue in that area.
The USD dominates over Pounds too much, even since Brexit. What would happen if Pounds' liquidity was increasingly limited, and what would liquidity providers do for the herds? BLSH, yes - they're going back to buying Pounds at a very low price after selling at a very high price. I don't know what awaits the UK in the future, in the midst of rising inflation, or if it will even end in stagflation.
Whatever it is, we are retail traders. Bulls make money and Bears make money. Long or short, we look for the best opportunities to enter and exit the market at the right moment.
Based on the high time frame (W1) the background cable is still bullish, this is still dominant. But if we trade at a lower TF, of course,we can take short positions within certain limits.
Tomorrow will be interesting, how will PA react and tick volume in the 1.22467 - 1.21887 area, or maybe it will last as a consolidation until next week.?
Who knows, let's see.

PMHi still bullish with markets thinning over xmas who knows new year will bring expect fireworks @ midnight silvester

stubborn mf
retrace already

wait till tomorrow get some sleep now!

this is not what i expected price to do. it is a part of trading though.

Trading is not easy! I had all the signs lined up for this drop since days, it finally happened today
Im in a short term long now and will look to short starting from 1.2260ish to 1.23, ultimate target for next week is 1.19 then i will stop trading until next year

Time of day is important as well!
Stop loss hunting in the New York time frame can be crippling!
Sydney is crippling with spreads!
In Asia/Tokyo you have to concern yourself with spreads but you have a much better chance of making money if you have a valid strategy.
I find Frankfurt/ London the best

Time and Price is the Key to the Markets

Kind regards

Maybe the thief players will hunt the stop loss of the bulls before the up movement. Or it will drop after touch the pivot weekly without the pullback in the pivot daily.

Hardest part of discretionary trading, attention must be in full capacity. No more bias.

12 hr

Ok, I received some private messages about my tight s/l 24 pips , i positioned in the right direction but s/l is too tight.I am aware of this and please note that i trade 0.10 lots on a 5K account ( Trader Development ). Bella's Blue is a very new system ( 2nd week ) If anyone missed it i am trading LIVE since 29.09.2022. i am waiting for holidays to work on few minor things it will not be SL .

Thanks for Concern.
-bella