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Cable Update (GBPUSD)

  • #715,661
  • Dec 21, 2022 9:18am Dec 21, 2022 9:18am
Cable
53+ pips now
Target 101 pips
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!! Radha Radha !!
  • #715,662
  • Dec 21, 2022 9:20am Dec 21, 2022 9:20am
Quoting TheWolf
GBP/USD H4.. Classic Down, Range, Down.. {image}
I appreciate how you always put the pair and timeframe at the top of your posts. It makes it so much easier to sort the wheat from the chaff.

Thank you.
Tall tails tell tales.
  • #715,663
  • Dec 21, 2022 9:24am Dec 21, 2022 9:24am
buy again - 1.2062

stop loss - 1.2040
Together we can be strongest
Vantage Return This Month: na
  • #715,664
  • Dec 21, 2022 9:26am Dec 21, 2022 9:26am
usindex
gbp can grow again
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Trendlines H1,H4, SMC
  • #715,665
  • Dec 21, 2022 9:26am Dec 21, 2022 9:26am
Quoting palpite
buy again - 1.2062 stop loss - 1.2040
Your SLs are so tight.
  • #715,666
  • Dec 21, 2022 9:28am Dec 21, 2022 9:28am
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yes yes yes
  • #715,667
  • Dec 21, 2022 9:30am Dec 21, 2022 9:30am
Not a bad day

“What I do have are a very particular set of skills, skills that I have acquired over a very long career……”
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“What I do have are a very particular set of skills that I have acquired”
  • #715,668
  • Dec 21, 2022 9:37am Dec 21, 2022 9:37am
add buy - 1.2067

stop loss - 1.2040
Together we can be strongest
Vantage Return This Month: na
  • #715,669
  • Dec 21, 2022 9:38am Dec 21, 2022 9:38am
Bulls celebrating Christmas already
dumbass’s forget there are 2 more trading days! if 120 doesn’t break then maybe up to mid 121 tomorrow
Insane in the Brain..
  • #715,670
  • Dec 21, 2022 9:40am Dec 21, 2022 9:40am
Quoting Moty
{image}
Agree Completely , but i will not BUY,
i am saying this on the Count USDINDEX not Pound Charts, if you look at History, USDINDEX is down 20 pips EURUSD mostly same but POUND goes Double that is Fact, it moes fast and Give up the Gains Quickly but it Does Takes me Breath Away sometimes.
If you look at EURUSD it Finally Going Down it is in Range from past 3 Days.
its time to Welcome Bears for 1.0570 first then 1.0520

so Bottom Live i will wait for Retracement because 1.2100 holds for Now at least,
now Key Level 1.2170 might be Best if it Goes There, if not then look at 15M chart to sell 1.2150-55
just for 50 pips, and if you are Trading with Low leverage like me 2:1 leverage then i will open 2 trades and take 50 pips and Next will be 1.2060
Final target will be 1.1960 at least for me for the End of the Week

It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.” – Leonardo Da Vinci





The secret of business is to know something that nobody else knows.” "Mentor"



Wise Man Once said, "It is Better to Wait for Retracement"
Don't compare your Trades with Others
  • #715,671
  • Dec 21, 2022 9:47am Dec 21, 2022 9:47am
Quoting DubaiFX
{quote} Agree Completely , but i will not BUY, i am saying this on the Count USDINDEX not Pound Charts, if you look at History, USDINDEX is down 20 pips EURUSD mostly same but POUND goes Double that is Fact, it moes fast and Give up the Gains Quickly but it Does Takes me Breath Away sometimes. If you look at EURUSD it Finally Going Down it is in Range from past 3 Days. its time to Welcome Bears for 1.0570 first then 1.0520 so Bottom Live i will wait for Retracement because 1.2100 holds for Now at least, now Key Level 1.2170 might be Best if it Goes...
i am scalping my friend
it is good buy , rising daily long trendline
adr low reached
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yes yes yes
  • #715,672
  • Dec 21, 2022 9:49am Dec 21, 2022 9:49am
Quoting Georginson
{quote} It's now 326 pips of the expected 400 pips correction from the high... This means the immediate target this week is 1.2046... while extended target may stretch to 1.1960....
Mission 97% accomplished...
Data + Stat + Risk/Emotions Management
  • #715,673
  • Dec 21, 2022 9:51am Dec 21, 2022 9:51am
Quoting Moty
{quote} i am scalping my friend it is good buy , rising daily long trendline adr low reached {image} {image}
You are right here, price has moved its average daily range. Now time for some upward correction. Good Luck (by the way I have closed buy, because price is started to consolidate.)
  • #715,674
  • Dec 21, 2022 9:51am Dec 21, 2022 9:51am
usindex
if we stay below 104.30, no reason sell gbp or eur
Trendlines H1,H4, SMC
  • #715,675
  • Dec 21, 2022 9:59am Dec 21, 2022 9:59am
Quoting Maal
Not a bad day “What I do have are a very particular set of skills, skills that I have acquired over a very long career……” {image}
How many Pips you made this month?
here on Forex Factory we Count Pips because that is what matters the most,
from where i saw you were not even close to 100 pips most of your trades is scalping,
3-5 pips Trades, with STD lots it looks Good money but only if you have 100K account or at least 50K account.
here is what i did this Week..

i am not Showing Off..
just saying Pips Matter much more then Money.
if you can make 500 pips a month Consistently then you are Very very Good Trader, but t had to be For at least for 1 -2 Years not Days,
i have Zulutrade account where Before Covid i Made 66,500+ Pips in just 2 Years..

My Advice to you is Count the Pips and you will become Much more better Trader Then you are,
Trust me i am Saying From Experience..

"James Gordon Said " "It's not that some people have willpower and some don't... It's that some people are ready to change and others are not.”
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Don't compare your Trades with Others
  • #715,676
  • Dec 21, 2022 10:02am Dec 21, 2022 10:02am
Quoting Coreg2004
{quote} mrluckystar, I keep an eye on HPs on smaller TF (5M) and use them to enter the trade but for the fourth day, I do range trading. Somehow I'm fixated on 1.2040 which is the minimum level for the second leg down. {image}
Update.
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Always trade your own plan...I don't provide trading signals.
  • #715,677
  • Dec 21, 2022 10:04am Dec 21, 2022 10:04am
Quoting Coreg2004
{quote} eyefeelsix, how do you calculate the probability that the market will break/reach a certain level? I have a good idea if the market has a chance to break H/L/Cl but have no clue with what certainty (70%-80%-...)
Coreg2004, I counting waves using oscillator. Bill says 5 magic bullet kill most trend, trading chaos book vol1
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https://breakpullback.com
  • #715,678
  • Dec 21, 2022 10:05am Dec 21, 2022 10:05am
Quoting Georginson
{quote} Mission 97% accomplished...
for my sake , can you settle on 1.20545 ( weekly low ) ?
yes yes yes
  • #715,679
  • Dec 21, 2022 10:08am Dec 21, 2022 10:08am
and which indicator do u use?
Trendlines H1,H4, SMC
  • #715,680
  • Dec 21, 2022 10:08am Dec 21, 2022 10:08am
Quoting eyefeelsix
{quote} Coreg2004, I counting waves using oscillator. Bill says 5 magic bullet kill most trend, trading chaos book vol1 {image}
eyefeelsix, thanks, I'm on it.
Always trade your own plan...I don't provide trading signals.
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