Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#716,681
Dec 28, 2022 11:51am Dec 28, 2022 11:51am

pipcenturion
Joined May 2013 | Status: Trader | 1,683 Posts

Quoting Coreg2004

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{quote} pipcenturion, I've read your posts about the 1.2134 level, I even put it on my 4H chart (investing.com) to see how it corresponds to S/R on this TF. Today's PA is good enough for me to say that level was tested. PC, why it is so important for you that a particular level has to be hit to the pip? {image}

Ignored

I like precision. The fx markets are leveraged greatly, any error will be magnified. In computing my VAP numbers, I use the close of the candle, so when I have a level where I expect supply/demand, price usually will touch the level then maybe draw down a few pips before going my way.
The 1.2134 level is the VAP supply level for last week. I really want to see price touch it before any sell off that will break 1.2000 l

#716,682
Dec 28, 2022 12:04pm Dec 28, 2022 12:04pm

Arcana
| Joined Oct 2021 | Status: Trader | 7 Posts

Looking at volume levels, we could see the 1.188x level on GBPUSD in the coming days (2023)

#716,683
Dec 28, 2022 12:20pm Dec 28, 2022 12:20pm

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

I beleive we could see around 1.1900 below or above before producing a definite retracemet up or new high. I am not positioned short till i see the outcome i just mentioned.

POSTMASTER

#716,684
Dec 28, 2022 12:24pm Dec 28, 2022 12:24pm

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting Robinhood1

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I beleive we could see around 1.1900 below or above before producing a definite retracemet up or new high. I am not positioned till i see the outcome i just mentioned.

Ignored

I might be able to be more precise when the time comes and i am in front of screen.

POSTMASTER

#716,685
Dec 28, 2022 12:28pm Dec 28, 2022 12:28pm

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting Robinhood1

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{quote} I am long UC

Ignored

Inserted Video

POSTMASTER

#716,686
Dec 28, 2022 12:42pm Dec 28, 2022 12:42pm

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting Robinhood1

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{quote} https://www.youtube.com/watch?v=Mj-A_WdzdUA

Ignored

This is the inverse of what was happening with GU, GU tracked the US$ which meant huge Pound moves. Now everyone is short the US$ but the US$/CAD is rising, not good for CAD!

#716,687
Dec 28, 2022 12:46pm Dec 28, 2022 12:46pm

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Lately major levels been ignored, my tp most of the time was missed by exactly 2pips, learned to round up/down, take what is given.

#716,688
Dec 28, 2022 12:49pm Dec 28, 2022 12:49pm

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting dantpm

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{quote} This is the inverse of what was happening with GU, GU tracked the US$ which meant huge Pound moves. Now everyone is short the US$ but the US$/CAD is rising, not good for CAD!

Ignored

Hi Dan
I will close UC a bit higher as we need one or more absolute lows still. I see the evolution of charts. Initially, i can estimate very long and change to just long.

POSTMASTER

#716,689
Dec 28, 2022 1:07pm Dec 28, 2022 1:07pm

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting Robinhood1

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{quote} Hi Dan I will close UC a bit higher as we need one or more absolute lows still. I see the evolution of charts. Initially, i can estimate very long and change to just long.

Ignored

Trading is trading. You can only work with what the market gives you. I get wrapped up with fundamentals and what the trading implies. Missed this AM GU run up because of not understanding why.

#716,690
Dec 28, 2022 1:13pm Dec 28, 2022 1:13pm

ToSatisfy
| Membership Revoked | Joined Nov 2022 | 304 Posts

Quoting ToSatisfy

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Alright The Buys I initiated before for GBP I Close Here I have Short with target 70 pips {image} شاورما دجاج أو لحم ضأن ofcourse always does the trick Calms the mind Relieves the nerves and gives relaxation what can I say

Ignored

Nice and Easy does it

Close Sells little now with +ve

On with Buys

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I can say that this maybe setting up for a Bullish move the Gbp
That would make Eur also setting up for a Bullish move
And ofcourse UC for a nice tight bearish move

I am off

Shekh In Desert

#716,691
Dec 28, 2022 1:56pm Dec 28, 2022 1:56pm

Exodusdone
| Joined Jun 2022 | Status: Trader | 1 Post

Salut les gars j'ai une préoccupations

Comment expliquez vous le faites qu'une annonce économique négative impacte positivement la paire de devise

hi guys i have a concern

How do you explain that a negative economic announcement positively impacts the currency pair?

#716,692
Dec 28, 2022 2:00pm Dec 28, 2022 2:00pm

sharingan9
Joined Mar 2015 | Status: Trader | 1,439 Posts

Quoting Exodusdone

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Salut les gars j'ai une préoccupations Comment expliquez vous le faites qu'une annonce économique négative impacte positivement la paire de devise hi guys i have a concern How do you explain that a negative economic announcement positively impacts the currency pair?

Ignored

Priced in news. Sell the rumor buy the news.

#716,693
Dec 28, 2022 2:17pm Dec 28, 2022 2:17pm

Reda.el
Joined Mar 2022 | Status: ELITE TRADER | 354 Posts

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REDA_EL_HARAOUI

ELITE MOROCCO SNIPER All Time Return: 27.5%

#716,694
Dec 28, 2022 2:31pm Dec 28, 2022 2:31pm

tradexyz
| Membership Revoked | Joined Nov 2022 | 1,789 Posts

bonuit

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#716,695
Dec 28, 2022 2:31pm Dec 28, 2022 2:31pm

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Quoting Exodusdone

Disliked

Salut les gars j'ai une préoccupations Comment expliquez vous le faites qu'une annonce économique négative impacte positivement la paire de devise hi guys i have a concern How do you explain that a negative economic announcement positively impacts the currency pair?

Ignored

That can and does happen because it has been established that there is no correlation between the "direction" of an announcement and the "direction" that price moves on the related currency pair. That is to say, good news does not correlate with rising price nor does bad new correlate with falling price.

To free Gazans of Hamas, use whatever it takes.

#716,696
Dec 28, 2022 3:56pm Dec 28, 2022 3:56pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,196 Posts

Quoting Exodusdone

Disliked

Salut les gars j'ai une préoccupations Comment expliquez vous le faites qu'une annonce économique négative impacte positivement la paire de devise hi guys i have a concern How do you explain that a negative economic announcement positively impacts the currency pair?

Ignored

How do you explain that a negative economic announcement positively impacts the currency pair?

> market sentiments reacts to economic data and 'knee jerk' reaction is common
> Fear and Greed is what we retail traders see in the short term

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