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Cable Update (GBPUSD)

  • #717,601
  • Jan 3, 2023 9:08pm Jan 3, 2023 9:08pm
Quoting pipcenturion
{quote} We should see 1.2005 before sellers step in. Maybe during London session.
And if the bears fail to turn up for that party, surely it couldn't be delusional to expect a run up to sub 1.2100 levels today
  • #717,602
  • Jan 3, 2023 9:09pm Jan 3, 2023 9:09pm
Quoting ToSatisfy
Short Term Gbp Plan Act I have Sell On Target 1.19139 for now {image} Time to dream
Alright Alright I am in with Buys

Target 100 or little less then that

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Shekh In Desert
  • #717,603
  • Jan 3, 2023 9:14pm Jan 3, 2023 9:14pm
Quoting Pat Chiko
{quote} Most important knowledge to be good forex trader is to understand Support & Resistance. If you master this, you can understand any system (with or without indicator). Find your own method to trade, everyone trade differently. If may find my system is not suitable for you. Stay with one system, no system hopping. A different system every week. The rule seems to be "If you get three losing trades in a row, then your system is no good. Time to go find another one." This is so sad because so many traders fail to recognize two things. First,...
thank you for the wisdom PAT
Be like water, my friend!
  • #717,604
  • Jan 3, 2023 9:20pm Jan 3, 2023 9:20pm
Took short at 1.20000 zone
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yes yes yes
  • #717,605
  • Jan 3, 2023 9:23pm Jan 3, 2023 9:23pm
Quoting BrainBucks
{quote} And if the bears fail to turn up for that party, surely it couldn't be delusional to expect a run up to sub 1.2100 levels today
I still have 1.2135 as another level to sell from but yesterday's candle was bearish bodied and price closed below the VAP supply level (1.20039)

So I expect a sell from the 1.20039 level or slightly higher until 1.19495 which is a H4 VAP demand level.

I expect the demand at 1.19459 to be consumed completely and quite possibly a new low will be achieved today.
  • #717,606
  • Jan 3, 2023 9:24pm Jan 3, 2023 9:24pm
Dxy making moves
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Extreme gut feeling trader
  • #717,607
  • Jan 3, 2023 9:26pm Jan 3, 2023 9:26pm
Quoting JayBag
Greetings, folks, After taking a solid loss earlier today, I decided to stare at the chart and continue developing the same system instead of jumping to a new one. Well, I am in again at 1.19792, hoping for 1.212066. If my calculations are correct, 1.19792 should continue to act as support for the projected target. Let's see how it goes Cheers {image} {image}
Good morning, folks,

My trade from last night survived and is still valid IMO. I can't wait for LO to see how 1.19792 react. Either way, I plan on holding for a min.
Let's have a beautiful day

Cheers
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  • #717,608
  • Jan 3, 2023 9:30pm Jan 3, 2023 9:30pm
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!! Radha Radha !!
  • #717,609
  • Edited 10:14pm Jan 3, 2023 9:34pm | Edited 10:14pm
Quoting pipcenturion
{quote} I still have 1.2135 as another level to sell from but yesterday's candle was bearish bodied and price closed below the VAP supply level (1.20039) So I expect a sell from the 1.20039 level or slightly higher until 1.19495 which is a H4 VAP demand level. I expect the demand at 1.19459 to be consumed completely and quite possibly a new low will be achieved today.
Levels noted

So long as the pop precedes the drop, I'd have no complaints.
  • #717,610
  • Edited 10:22pm Jan 3, 2023 10:09pm | Edited 10:22pm
checking pa , and waiting correction continues for more to have a support next . take care
it can even be a monthly correction and may slow range down consuming this month towards 1645 or 1489 limits
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #717,611
  • Jan 3, 2023 10:09pm Jan 3, 2023 10:09pm
Quoting JayBag
{quote} Good morning, folks, My trade from last night survived and is still valid IMO. I can't wait for LO to see how 1.19792 react. Either way, I plan on holding for a min. Let's have a beautiful day Cheers {image}
Aforementioned support zone didn't quite seem like it could put up much of a fight against the bears
But now that you mention it, I'm watching intently.
I too have my sights set on 1.2100
  • #717,612
  • Jan 3, 2023 10:27pm Jan 3, 2023 10:27pm
Quoting Waveskierrob
GU SHORT 11980 no sl no tp...
Added SHORT 11988 no sl no tp
  • #717,613
  • Jan 3, 2023 10:39pm Jan 3, 2023 10:39pm
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yes yes yes
  • #717,614
  • Jan 3, 2023 10:41pm Jan 3, 2023 10:41pm
Quoting Moty
{image}
Yeah I Will be Shifting to Sell Too
Shekh In Desert
  • #717,615
  • Jan 3, 2023 10:43pm Jan 3, 2023 10:43pm
Dxy start to cover the gap drop is here.. targetting 1.19500-600 range for my shorts …
Extreme gut feeling trader
  • #717,616
  • Jan 3, 2023 10:52pm Jan 3, 2023 10:52pm
Still nothing really.. DXY somewhere in the middle and GBP/USD as well, price not really going anywhere..

When I get Home I will share the chart and first trade in 2023.
Today is Wednesday and today is the day to start off this year.
  • #717,617
  • Jan 3, 2023 10:55pm Jan 3, 2023 10:55pm
Quoting BrainBucks
{quote} Levels noted So long as the pop precedes the drop, I'd have no complaints.
Hi,

please note that there is a new H4 VAP supply at 1.1992

This might make price bump a bit.
  • #717,618
  • Jan 3, 2023 11:00pm Jan 3, 2023 11:00pm
Quoting ToSatisfy
{quote} Yeah I Will be Shifting to Sell Too
Off my Idea Of It

I Maintain Buys

Target 1.20685
Shekh In Desert
  • #717,619
  • Jan 3, 2023 11:02pm Jan 3, 2023 11:02pm
Not much happened during Asian Session..
Let's see what London has to say in an hour. We should get some action on London Open, there are a lot of news today.
  • #717,620
  • Jan 3, 2023 11:03pm Jan 3, 2023 11:03pm
Shekhs Mystery

https://mega.nz/file/xlAkyCQa#TQ6kct...Y5YXeun5QG8ByU

Enjoy till FOMC
Shekh In Desert
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