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Cable Update (GBPUSD)

  • #715,021
  • Dec 19, 2022 12:00am Dec 19, 2022 12:00am
still looking as a potential long!!!
  • #715,022
  • Dec 19, 2022 12:13am Dec 19, 2022 12:13am
Quoting mysterio
{quote} Will see how the overnight plays but if we are above Fridays VAH on Monday morning, then i'd wait for a break higher to sell from around 1.2258 to 1.21 If we end up on the low end of the Friday VAL, then wait for a break lower than 1.21, (1.2075-1.2180) up to as high as Thursdays POC (near 1.23 but I wouldn't hold for such a lofty target, the Friday Asia highs should be enough if you can get in with precision. At the very least I would not take a trade within the Friday value area, and preferably take trades at the extremes of the range...
Two scalps possible for 40-50 pips

either in m5 supply/VC area or below daily open

both dependent on order flow confirmation

Note apexes are possible reversal entries but only approx levels and dependent on conf

The short is a B grade trade as its within friday VA so less risk
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  • #715,023
  • Dec 19, 2022 12:15am Dec 19, 2022 12:15am
The 15-minute candle broke CandleLow, so I went long, but H4 and H1Close dropped, so I closed it at the timing of a slight rebound. If there is a scene to raise in London, I will aim for short.
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  • #715,024
  • Dec 19, 2022 12:29am Dec 19, 2022 12:29am
Quoting mysterio
{quote} Two scalps possible for 40-50 pips either in m5 supply/VC area or below daily open both dependent on order flow confirmation Note apexes are possible reversal entries but only approx levels and dependent on conf The short is a B grade trade as its within friday VA so less risk {image}
some unfilled asks up in that small supply so looking up there for a short makes some sense as a warmer upper, there would be two draws on liquidity too
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  • #715,025
  • Dec 19, 2022 12:51am Dec 19, 2022 12:51am
Quoting mysterio
{quote} some unfilled asks up in that small supply so looking up there for a short makes some sense as a warmer upper, there would be two draws on liquidity too {image}
Have you taken the short now Price is at your supply zone?
  • #715,026
  • Dec 19, 2022 1:04am Dec 19, 2022 1:04am
Quoting mysterio
{quote} Two scalps possible for 40-50 pips either in m5 supply/VC area or below daily open both dependent on order flow confirmation Note apexes are possible reversal entries but only approx levels and dependent on conf The short is a B grade trade as its within friday VA so less risk {image}
sell limit hit

see if we can hit DO
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  • #715,027
  • Dec 19, 2022 1:07am Dec 19, 2022 1:07am
Quoting ykpuffy07
{quote} Have you taken the short now Price is at your supply zone?
limit set on level shown just above your post

its a B grade and not looking the best so far, lets see
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  • #715,028
  • Dec 19, 2022 1:13am Dec 19, 2022 1:13am
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yes yes yes
  • #715,029
  • Dec 19, 2022 1:16am Dec 19, 2022 1:16am
Quoting BigNumbers
The beauty about trading is that Losses can easily be controlled. {image}
stopped out. Resistance Broken. Took opposite trade since resistance is now acting as support.
It better to just mark out the chart and see price reaction to these levels then trade accordingly.
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My telegram: https://t.me/avidforex
  • #715,030
  • Dec 19, 2022 1:18am Dec 19, 2022 1:18am
Quoting mysterio
{quote} limit set on level shown just above your post its a B grade and not looking the best so far, lets see {image}
looking below asia low at least ideally demand around DO

used less risk as B grade trade within VA
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  • #715,031
  • Edited 1:35am Dec 19, 2022 1:24am | Edited 1:35am
Quoting mysterio
{quote} looking below asia low at least ideally demand around DO used less risk as B grade trade within VA {image}
stop to be on this scalp

as long as we remain below 27x0 its ok

aiming at DO but will hunt reversal below asia low or lets just see
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  • #715,032
  • Dec 19, 2022 1:24am Dec 19, 2022 1:24am
Hello friends

Sorry that I haven't been here for a few trading days. My Mum had another fall, just as she had nearly recovered from the last one. She has broken her arm and has a very nasty leg injury which is going to be hard to recover from without getting an infection. I won't go into details but lower leg injuries of this type often become infected so there is a lot to do. She has to be in a wheelchair for now, maybe forever so I am very sad, and exhausted too.

The trading year is nearly over and the low liquidity period will start, so for me it is not a good trading time anyway.

I will be here for a little while today and maybe tomorrow, and I will be sure to talk to you all before the week is done and we have Christmas

Indiara
I am neither brave nor stupid...I am just a part time trader
  • #715,033
  • Dec 19, 2022 1:28am Dec 19, 2022 1:28am
Quoting mysterio
{quote} looking below asia low at least ideally demand around DO used less risk as B grade trade within VA {image}
Mysterio, following your trade and the indicators you are using on your chart. When I use what I believe are the same indicators I do not get the market structure labels that you are getting. Any suggestions?
  • #715,034
  • Dec 19, 2022 1:30am Dec 19, 2022 1:30am
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yes yes yes
  • #715,035
  • Dec 19, 2022 1:43am Dec 19, 2022 1:43am
the calendar starts printing from Tuesday
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  • #715,036
  • Dec 19, 2022 1:43am Dec 19, 2022 1:43am
While my Cable is still cooking, I went to close my GBPJPY trades, started here, here, here and here.

All for a good start to the week.

I'll continue to trade this pair, given my long term bearish sentiment on the pound. Since I've been on this GBPJPY for nearly a month now, I decided to close them and concentrate on shorting the Cable, while the USD strength persists into the new year.
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  • #715,037
  • Dec 19, 2022 1:50am Dec 19, 2022 1:50am
Quoting mysterio
{quote} stop to be on this scalp as long as we remain below 27x0 its ok aiming at DO but will hunt reversal below asia low or lets just see {image} {image}
still holding the sell?
  • #715,038
  • Dec 19, 2022 1:55am Dec 19, 2022 1:55am
Daily Candle without wick? 1.2145 is good to go.. if you get Short signal go with it in my opinion.
  • #715,039
  • Dec 19, 2022 1:56am Dec 19, 2022 1:56am
Quoting ykpuffy07
{quote} still holding the sell?
Yes, of course!
  • #715,040
  • Dec 19, 2022 1:57am Dec 19, 2022 1:57am
Quoting cchin
While my Cable is still cooking, I went to close my GBPJPY trades, started here, here, here and here. All for a good start to the week. I'll continue to trade this pair, given my long term bearish sentiment on the pound. Since I've been on this GBPJPY...
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