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Cable Update (GBPUSD)

  • #716,081
  • Dec 23, 2022 5:01am Dec 23, 2022 5:01am
...30min ascending channel top under threat

1hr below
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Trader with an Edge.
  • #716,082
  • Dec 23, 2022 5:01am Dec 23, 2022 5:01am
Quoting Jolita
{quote} Closed +50. Going short, leaving with tp set at 12080. Good trading day to all.
Tp reached.
Long opened last night, still waiting to reach 12193 for tp of 50pips.

Where we go next?
Looking at the charts after a good bullish run, some correction was made and crawling upwards and I would think we should have another drop next week to finish the year. Just a thought...
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  • #716,083
  • Dec 23, 2022 5:05am Dec 23, 2022 5:05am
Quoting suhas316
Buy Cable @ 1.2030-1.2040 Target 1.2120 {image}
40+ pips now
!! Radha Radha !!
  • #716,084
  • Dec 23, 2022 5:08am Dec 23, 2022 5:08am
Quoting BigNumbers
I didn’t see the dsc line I just figure it out now. I hope price breaks the dsc… if it does then we shall get to drl. {image}

indicators would only help you learn price action after which they are completely useless.
Forex requires a lot of intelligence and wide imaginations.

I have a dream to put this hustle on Forbes someday. I will come back here and watch all my charts and smile
My telegram: https://t.me/avidforex
  • #716,085
  • Dec 23, 2022 5:11am Dec 23, 2022 5:11am
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  • #716,086
  • Dec 23, 2022 5:15am Dec 23, 2022 5:15am
Quoting Pat Chiko
{quote} Thank You Mr. Kashif Hameed, for making and effort and time to write and explain to me ( it does help me) on the detailed subject above. Need some time to read you post (few times) to be able to digest and fully understand it. Again, my admire to you for helping newbie here. جَزَاكَ ٱللَّٰهُ خَيْرًا Jazak Allah Khair (Islamic expression of gratitude meaning "May Allah reward you [with] goodness.")
I will soon share details in a separate thread. There are some contributors (including T721 on FF) who made me profitable. I am learning since 2014 (I am a business graduate btw).
Thanks for you gratitude.
Warm Regards.
  • #716,087
  • Dec 23, 2022 5:15am Dec 23, 2022 5:15am
...there is a repeating pattern of bearish hidden div on 1hr and may stay valid so long as price below 2146. Opposing this at y/day's 1991/92 lo, there is a repeating pattern of bullish regular div on 4hr and bullish hidden div on dly. (30min and 1hr were extreme o/s, and o/s respecvtively, at y/day's lo.) Take your pick!
------------------------------------

...slight upside breech of steepest 4hr desc t/line now

1hr below
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Trader with an Edge.
  • #716,088
  • Dec 23, 2022 5:16am Dec 23, 2022 5:16am
almost stop out
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  • #716,089
  • Dec 23, 2022 5:21am Dec 23, 2022 5:21am
Price is now +30 pips above Dec monthly open 1.2052 .

Price is Retesting old Trendline.

Daily:
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1 Hour:
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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #716,090
  • Dec 23, 2022 5:23am Dec 23, 2022 5:23am
Quoting navk
beware guys... today is 2115 or more before drop. NY... one may consider sell not until that time
i am biginning to take short trades.

For scalp only
Intraday only.
  • #716,091
  • Dec 23, 2022 5:24am Dec 23, 2022 5:24am
sell - 1.2085

stop loss - 1.2110
Together we can be strongest
Vantage Return This Month: na
  • #716,092
  • Dec 23, 2022 5:25am Dec 23, 2022 5:25am
Quoting Indigo45
{quote} I am also Newbie: What I have learned in this year. (I work on EU only) There is always a certain Pips move based on News. If News are "CPI, NFP, FOMC Meeting or Presser, PPI, ISM ***" There is a defined Price Move. How I calculate on the basis of history; Usual Daily Price move (EU) is 80 Pips CPI Strong Positive/Negative Data daily move is 150-200 Pips (If data is in the favor of Federal Price move extends other wise price reverses upto 50% or move and always honors Market Sentiment). If ISM or PCE type data Price move is 100-120 Pips....
U almost got it and have 4 long positions on eu and 1 running long GU

Will see how price react @LO Close In 4H
  • #716,093
  • Dec 23, 2022 5:27am Dec 23, 2022 5:27am
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Time to Short...
  • #716,094
  • Dec 23, 2022 5:33am Dec 23, 2022 5:33am
Quoting navk
{quote}i am biginning to take short trades. For scalp only
scalp done, 10 pips

quick
Intraday only.
  • #716,095
  • Dec 23, 2022 5:35am Dec 23, 2022 5:35am
now, i will wait for high or borders in 1 min chart to short again
Intraday only.
  • #716,096
  • Dec 23, 2022 5:35am Dec 23, 2022 5:35am
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Together we can be strongest
Vantage Return This Month: na
  • #716,097
  • Dec 23, 2022 5:45am Dec 23, 2022 5:45am
Quoting Pat Chiko
{quote} Bro, if this trades failed, please donate me some money to buy some food for Christmas.. You're rich man.... Thank you{image}
GU - Real time live trades.

add position at QM and TL.
Hope got luck with this trades.....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #716,098
  • Dec 23, 2022 5:46am Dec 23, 2022 5:46am
Quoting navk
now, i will wait for high or borders in 1 min chart to short again
You closed too early, I expect at least 50 pips move downwards.
  • #716,099
  • Dec 23, 2022 5:50am Dec 23, 2022 5:50am
A double bottom.

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Together we can be strongest
Vantage Return This Month: na
  • #716,100
  • Edited 6:19am Dec 23, 2022 5:50am | Edited 6:19am
@Georginson
I can feel your pain.mistakes happen, we slip.
Please be strong, believe in yourself, most of all get your confidence back. You lost capital, but will gain and double it, its never too late. The ones who turned their backs on you were never real friends, forget about them, worthless worries.
I lost a lot in my life, but keeping strong, wishing you too lots of strength and success in trading, you are so good at it. Let it shine.
With best wishes, J
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