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Cable Update (GBPUSD)

  • #714,781
  • Dec 16, 2022 1:48am Dec 16, 2022 1:48am
come on !!!!!
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yes yes yes
  • #714,782
  • Dec 16, 2022 1:50am Dec 16, 2022 1:50am
Quoting Moty
Don't be tempted to try to catch corrections above, in my opinion it's dangerous and there really shouldn't be any, because here is an example where the market went up 300 pips in one move and then didn't correct even 30 percent and continued to rise i am short {image} {image}
Correct

Me doing time pass till next setup shows up
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  • #714,783
  • Dec 16, 2022 1:55am Dec 16, 2022 1:55am
Quoting erez h
{quote} it's rare that the market move like that, you can't build a strategy on a rare situation
gu is the pair for rare situation
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yes yes yes
  • #714,784
  • Dec 16, 2022 1:56am Dec 16, 2022 1:56am
Test long 1.2178 SL 1.2168
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #714,785
  • Dec 16, 2022 1:57am Dec 16, 2022 1:57am
...haven't seen this thread as empty for ages!? maybe a few got wiped out by the move down y/day,? doubtless shook out a few weak hands holding longs.
---------------------------------------
price @ current dly lo touched bottom of that prev minor 1hr sw lo zone this coexistent with top iof the 4hr part of prev 1hr/4hr sw lo zone down to 2153 where y/day's lo also is, ie x 1 test and hold, this after the run down from y/day's downmove p/back hi/= current dly hi, and the bearish hidden div on 30min/1hr there.

Does it favour a downside follow-thru on y/day's big bearish thrust dly candle at some point?
Trader with an Edge.
  • #714,786
  • Dec 16, 2022 2:01am Dec 16, 2022 2:01am
Quoting Bella.al
{quote} Touched Bella's Support : 1.21729 S/L is saved by few ticks , waiting for an update. -Bella's blue {image}
your name is Bella?
  • #714,787
  • Dec 16, 2022 2:01am Dec 16, 2022 2:01am
Quoting Headland
...haven't seen this thread as empty for ages!? maybe a few got wiped out by the move down y/day,? doubtless shook out a few weak hands holding longs. --------------------------------------- price @ current dly lo touched bottom of that prev minor 1hr sw lo zone this coexistent with top iof the 4hr part of prev 41hr/4hr sw lo zone down to 2153 where y/day's lo also is, ie x 1 test and hold, this after the run down from y/day's downmove p/back hi/= current dly hi, and the bearish hidden div on 30min/1hr there. Does it favour a downside follow-thru...
yeah it’s crazy quiet… must be the Christmas vibes..
Insane in the Brain..
  • #714,788
  • Dec 16, 2022 2:04am Dec 16, 2022 2:04am
Quoting BeeTogether
{quote} wow that’s a strong trade up… we seem to be taking a bit today after a good start overnight. That SL might be hit quickly

Well, saved by Few Ticks ... Bella's Support : 1.21729 seems to be holding bears for now

I shifted my GMT Switch for 7:30 AM today , expecting some changes..

-Bella's Blue


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Goddess of Thunder..
  • #714,789
  • Dec 16, 2022 2:05am Dec 16, 2022 2:05am
Quoting Whale
{quote} your name is Bella?
Yes, it says on my profile .

-bella
Goddess of Thunder..
  • #714,790
  • Dec 16, 2022 2:07am Dec 16, 2022 2:07am
Quoting Bella.al
{quote} Well, saved by Few Ticks ... Bella's Support : 1.21729 seems to be holding bears for now I shifted my GMT Switch for 7:30 AM today , expecting some changes.. -Bella's Blue {image}
let’s go bulls !!!
Insane in the Brain..
  • #714,791
  • Dec 16, 2022 2:07am Dec 16, 2022 2:07am
...The next prev 1hr/4hr/dly sw lo zone is that one that extends down to 2105, starting circa 2127 on 4hr. 2 x fibs run thru it, and Wkly S1 is just above it - circa 2130.
Still only 63% of 13wk awr traveled so far this week. That last 1hr close was very bearish.
Trader with an Edge.
  • #714,792
  • Dec 16, 2022 2:10am Dec 16, 2022 2:10am
Quoting Headland
...haven't seen this thread as empty for ages!? maybe a few got wiped out by the move down y/day,? doubtless shook out a few weak hands holding longs. --------------------------------------- price @ current dly lo touched bottom of that prev minor 1hr sw lo zone this coexistent with top iof the 4hr part of prev 1hr/4hr sw lo zone down to 2153 where y/day's lo also is, ie x 1 test and hold, this after the run down from y/day's downmove p/back hi/= current dly hi, and the bearish hidden div on 30min/1hr there. Does it favour a downside follow-thru...
I think it's a technical glitch. No way just 11 members are on here. No ways.
  • #714,793
  • Dec 16, 2022 2:12am Dec 16, 2022 2:12am
Come on Bulls... We need to work Together.

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Goddess of Thunder..
  • #714,794
  • Dec 16, 2022 2:14am Dec 16, 2022 2:14am
Judging from the market sentiment that developed overnight. I've added a short position on the Cable.

On Cable, I'm planning to keep this trade running into the new year, and add positions to it if it goes up. I'm looking at that 1.13 to 1.15 level by end-Q1 '23.

Now, I've also have that GBPJPY trade running concurrently. This one is more on trading the yen movements. My USDJPY short is still running. Expected it to stay that way into 2023. Ideally, when I short the Pound, what I would usually do, is to hedge it against the Euro. That means, I might enter a short trade on the EURGBP pair, just for the sake of hedging out volatility that may arise during the Christmas to mid-Jan weeks.
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  • #714,795
  • Dec 16, 2022 2:14am Dec 16, 2022 2:14am
Quoting Bella.al
Come on Bulls... We need to work Together. {image}
You need to buy Trump's NFT cards to add to your collection, only $99!! re his 'big announcement' y/day! The Trump pantomime has descended into farce. (Let's hope it ends in jail!)
Trader with an Edge.
  • #714,796
  • Dec 16, 2022 2:18am Dec 16, 2022 2:18am
why do you go against the trend ?
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yes yes yes
  • #714,797
  • Dec 16, 2022 2:26am Dec 16, 2022 2:26am
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Quoting JayBag
{quote} I think it's a technical glitch. No way just 11 members are on here. No ways.
  • #714,798
  • Dec 16, 2022 2:27am Dec 16, 2022 2:27am
Quoting Bella.al
Long GBPUSD :1.21929 S/L:1.21684 T/P:1.24813 Bella's Support :1.21729 -Bella's Blue {image}
S/L is hit -24 Pips
Goddess of Thunder..
  • #714,799
  • Dec 16, 2022 2:28am Dec 16, 2022 2:28am
Quoting Yngwie
Test long 1.2178 SL 1.2168
Fail to launch. good try bulls. -10
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #714,800
  • Dec 16, 2022 2:28am Dec 16, 2022 2:28am
Quoting ToSatisfy
{quote} Really nice setup there but its little maybe risky Gbp is full throttle down Eur reversing from a solid overhead Jpy maybe throttling up
Agree.

Quoting Mauro-J
{quote} NINJA still waiting for D1 close, This is important, considering that the price is in the consolidation area which I assume is the filling order area. For BLSH - it does look very sexy to take a short position, but W1 is still dominantly Bullish in the background. But we don't know exactly how MMs will move the price next. I chose to wait while holding a long trade position for swing HTF. Cheers, MJ- {image} {image}
Agree.

---

I'm looking for a slightly stronger yen during the H1 '23, independent on yen macro fundamentals, but more on a weaker US dollar driving the scene. That short position was open at 137.8. It could go up to 141.8 level, which means I'll add couple more shorts to it. Mdium term, I'm looking at that 133.3 level, and if it reaches, I might close my position. Eventually, it's going to go down to much lower levels, say, in the mid-120s. I use a much smaller position size, so any concern of over-lever is ruled out entirely.
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