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Cable Update (GBPUSD)

  • #715,261
  • Dec 20, 2022 1:02am Dec 20, 2022 1:02am
Set my TP to below the next 4hr resistance level at 1.2289
  • #715,262
  • Dec 20, 2022 1:03am Dec 20, 2022 1:03am
Quoting Moty
{image}
after the bloodbath we’ve seen over night I’d take 12227 any day lol
Insane in the Brain..
  • #715,263
  • Dec 20, 2022 1:07am Dec 20, 2022 1:07am
...big wicks both ends of today's current pip range on 1hr...could see sellers emerge anywhere in the upper wick if tested? 1st b/o of the range has pulled back inside it on this 1hr t/f.

1hr below
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Trader with an Edge.
  • #715,264
  • Dec 20, 2022 1:16am Dec 20, 2022 1:16am
Missed TP
Hit SL
Lou Vincii Code
  • #715,265
  • Dec 20, 2022 1:23am Dec 20, 2022 1:23am
Switch short to SL and long.
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  • #715,266
  • Dec 20, 2022 1:29am Dec 20, 2022 1:29am
...50% of mon hi - current dly lo reached at current p/back hi now, and into that aforementioned upper wick on 1hr
Trader with an Edge.
  • #715,267
  • Dec 20, 2022 1:36am Dec 20, 2022 1:36am
Quoting MrFanciful
Set my TP to below the next 4hr resistance level at 1.2289
that was the area I had down since Friday but after a crazy drop yesterday from 12240 I can’t see it happening easily. That area is also a good area for a drop too as it’s testing 123 but maybe exhausted to break higher and drop
Insane in the Brain..
  • #715,268
  • Dec 20, 2022 1:39am Dec 20, 2022 1:39am
Quote
Usdjpy a nice barometer to Usdx. Sell on retraces remain it for me with a short term target of 132.487. Cheers.
Quoting Wavegarrick
{quote} A quick 4hr analysis on UJ, really looks good for a retrace towards 136.000 and 136.177 for sell entries, My system setting up nicely for this. Cheers. {image}
UsdJpy target of 132.487 reached. I really like this momentum and looking for it to go down further.
Trade safe.
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Trade to trade another day
  • #715,269
  • Dec 20, 2022 1:47am Dec 20, 2022 1:47am
support at s&p
go go gu
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yes yes yes
  • #715,270
  • Dec 20, 2022 1:51am Dec 20, 2022 1:51am
Sometimes line charts simplify what is happening. Here the weekly chart on the left is strong while the daily on the right is showing early signs of weekness. However I am waiting for more confirmation before even thinking of shorting it. Conflicting signals like this show the value of looking at different time frames and for me shout 'stay away' Are we witnessing a small pullback in the longer term up trend or is this the start of something new? Time will tell so I will wait.

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  • #715,271
  • Dec 20, 2022 1:59am Dec 20, 2022 1:59am
The nights (asian session ) plan nearly worked out only 0.5pips from TP. Should have set more easier TP.

Buy trade (-1.06%) Loss

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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #715,272
  • Dec 20, 2022 2:01am Dec 20, 2022 2:01am
...50% of y/day hi - current dly lo move still caps the recovery attempts...back in the 1hr range after 1st downside b/o attempt. Just above that 50% the 23.6% of the 2445-current dly lo, as well as the Dly Pivot, and 61.8% of today's fall...in that 1hr wick.

1hr below
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Trader with an Edge.
  • #715,273
  • Dec 20, 2022 2:05am Dec 20, 2022 2:05am
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My telegram: https://t.me/avidforex
  • #715,274
  • Edited 2:28am Dec 20, 2022 2:06am | Edited 2:28am
opening short
1.2165 R

usindex
some pips are missing to S, but think I can open short on gbpusd
+ nice falling wedge is confirming
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Trendlines H1,H4, SMC
  • #715,275
  • Dec 20, 2022 2:13am Dec 20, 2022 2:13am
Quoting TheWolf
Thank you Kuroda!! As always, plesure to be working with you! USD/JPY Long @ 132.701 As with GBP/USD, this is also long-term if situation allows of course! Pair by pair, I am Buying USD at the best prices I can before things get real. {image}
Long at 132.296 (even better price)..
  • #715,276
  • Dec 20, 2022 2:14am Dec 20, 2022 2:14am
I put in an additional long, but CandleHigh did not go up and closed near the PP.
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  • #715,277
  • Dec 20, 2022 2:20am Dec 20, 2022 2:20am
Quoting BeeTogether
{quote} that was the area I had down since Friday but after a crazy drop yesterday from 12240 I can’t see it happening easily. That area is also a good area for a drop too as it’s testing 123 but maybe exhausted to break higher and drop
It's easy to think we're entering a bear move but after such a rally since September and coming into the end of the year, we could just be at the bottom of a sideways range. And an up move now would provide a potentially very nice head and shoulders on the Daily.
  • #715,278
  • Dec 20, 2022 2:21am Dec 20, 2022 2:21am
Quoting TheWolf
{quote} Long at 132.296 (even better price)..
Now you can buy a bit.

132.24 ought to have a bit of demand.

Edit: Wait to see demand on H1 before entering. That will be the needed confirmation.
  • #715,279
  • Dec 20, 2022 2:26am Dec 20, 2022 2:26am
...I see the scanner has gone from this site's homepage, ie the small charts and prices at top of page... this and the issue with the thread attendees list at bottom of each thread page - is the site falling apart?
Trader with an Edge.
  • #715,280
  • Dec 20, 2022 2:26am Dec 20, 2022 2:26am
Quoting ToSatisfy
Further Trades Waiting TP I Couldnt Post this before but it is now {image} First Is USDJPY H4 Second Is EURJPY H4 Waiting TP Up Targets around Red Line

The thing turned around but you should always have a plan incase things go wrong
With JPY you have to be everready

Here is the screenshot of profits out of that

EURJPY H4

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USDJPY H4

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Very Nice Indeed
Shekh In Desert
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