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Cable Update (GBPUSD)

  • #715,421
  • Dec 20, 2022 11:47am Dec 20, 2022 11:47am
Quoting TheWolf
USD/JPY Minute Chart Price kissed 131.000 exactly! Long @ 131.034.. Trying is the first step to failure.. {image}
Tempting

Fib area @50%
Daily RSI(14)=24
Lou Vincii Code
  • #715,422
  • Dec 20, 2022 11:50am Dec 20, 2022 11:50am
Cable traders look at the current volumes. It’s easier to get a good nights sleep if it’s as low as this. Should range between todays low and 12150
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Insane in the Brain..
  • #715,423
  • Dec 20, 2022 11:59am Dec 20, 2022 11:59am
Quoting RemyLou
{quote} Tempting Fib area @50% Daily RSI(14)=24
I think 131 should do the trick for today. I don't expect any more waves today, hopefully..
I am done for today, I went long USD, EUR and GBP against Yen on todays lows as best as I could.. now, it's time to rest and let the price do it's job and retrace this damn fall.

Will be closely watching over fx moves though! No trading anymore today, unless price drops below the low again. Aight, time to sign off..
  • #715,424
  • Dec 20, 2022 12:06pm Dec 20, 2022 12:06pm
Quoting TheWolf
{quote} I think 131 should do the trick for today. I don't expect any more waves today, hopefully.. I am done for today, I went long USD, EUR and GBP against Yen on todays lows as best as I could.. now, it's time to rest and let the price do it's job and retrace this damn fall. Will be closely watching over fx moves though! No trading anymore today, unless price drops below the low again. Aight, time to sign off..
Cheers

Im going to use a veeery small lot size
Lou Vincii Code
  • #715,425
  • Dec 20, 2022 12:15pm Dec 20, 2022 12:15pm
Quoting Coreg2004
{quote} pipsofacto, do you think the weekly low will hold? {image}
Thank God, I'm still sane although, with today's PA, I don't know for how long.
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Always trade your own plan...I don't provide trading signals.
  • #715,426
  • Dec 20, 2022 12:24pm Dec 20, 2022 12:24pm
Took long uj
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yes yes yes
  • #715,427
  • Dec 20, 2022 12:43pm Dec 20, 2022 12:43pm
Quoting Wavegarrick
My weekly pivot retest at 1.22364 and weekly open just above. Waiting for price to stabilize around here or just below for possible buy entries. We shall see. Cheers.
I cannot say that I am going to get this right, nevertheless price stabilizing at this point. I stay with my GU buy trades.
Cheers.
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Trade to trade another day
  • #715,428
  • Dec 20, 2022 1:04pm Dec 20, 2022 1:04pm
For me it was one of the best days in my life with GBP/USD. Interesting that lots of people struggled today. I hate trend trading, may be that is the reason.
I cannot count the winners anymore. To many.

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  • #715,429
  • Dec 20, 2022 1:09pm Dec 20, 2022 1:09pm
Quoting Wavegarrick
It happens that Eurusd and Gbpusd become negatively correlated and in this case the dollar drops in conjunction with the Pound, hence ranging conditions with GbpUsd. It does not happen often but it happens. This could be due to year end profit taking or corrections and so forth. In my opinion EurGbp is setting up for a sell trade from a weekly perspective. I am in with a sell trade On EurGbp.{image}Drilled down to 4hr t/frame: {image}Trade safe, Cheers.
Sold also a big chunk of my longs today on Eur/Gbp for 0.8763. Not sure how low it will go, I don't think it will go below 0.86, it's kind of magical number for long time now.
  • #715,430
  • Dec 20, 2022 1:09pm Dec 20, 2022 1:09pm
update half Hour works VH1
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  • #715,431
  • Dec 20, 2022 1:27pm Dec 20, 2022 1:27pm
Current situation:

Market is dead lol

I think i had enough this year, see you folks next year
  • #715,432
  • Dec 20, 2022 1:33pm Dec 20, 2022 1:33pm
Quoting Moty
Took long uj {image}
Ty mister uj
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yes yes yes
  • #715,433
  • Dec 20, 2022 2:04pm Dec 20, 2022 2:04pm
Quoting Wavegarrick
{quote} I cannot say that I am going to get this right, nevertheless price stabilizing at this point. I stay with my GU buy trades. Cheers. {image}
You know I love the way you trade and how you follow the trend...I'm sorry but this time we have different point of view
  • #715,434
  • Dec 20, 2022 2:15pm Dec 20, 2022 2:15pm
Aah Privacy Is Gone



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Too Sleepy Buy Trade is still on and Towards TP
Shekh In Desert
  • #715,435
  • Dec 20, 2022 2:23pm Dec 20, 2022 2:23pm
double top pattern, so we could go back to cca 1.2130
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Trendlines H1,H4, SMC
  • #715,436
  • Dec 20, 2022 2:33pm Dec 20, 2022 2:33pm
Quoting Vincent1
{quote} You know I love the way you trade and how you follow the trend...I'm sorry but this time we have different point of view
Thanks Vincent. Likewise, I have great respect for your entries and somehow we have come together throughout the years. Lets see where this one brings us.
Cheers.
Trade to trade another day
  • #715,437
  • Dec 20, 2022 2:52pm Dec 20, 2022 2:52pm
Strange thing
The gu and the uj are going up together
yes yes yes
  • #715,438
  • Dec 20, 2022 2:58pm Dec 20, 2022 2:58pm
All out !!!!
72 $ in profit
Nice ride
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yes yes yes
  • #715,439
  • Dec 20, 2022 3:02pm Dec 20, 2022 3:02pm
Quoting Moty
All out !!!! 72 $ in profit Nice ride {image}
Excellent stuff! Now, I am hoping Asian Session will drive them up just a little bit more to 38.2% at least. Then, we should start thinking about really long-term Short.
Just my thoughts..

USD/JPY H4..

(I am a little bit unsure about what will happen when holidays begin... will price go insane or not)..
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  • #715,440
  • Dec 20, 2022 3:09pm Dec 20, 2022 3:09pm
Quoting Moty
Strange thing The gu and the uj are going up together
I think because GBP/USD is currently ranging so the logic immediately fails. In Range, price is lost.. if you know what I mean..
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