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Cable Update (GBPUSD)

  • #718,261
  • Edited 11:32am Jan 5, 2023 11:00am | Edited 11:32am
Quoting Waveskierrob
{quote} No......just have loads of patience
vache mountain enough Merde pppppearls pi po clown around ESKOM black outs welkom wipe feet sar mat get an app hide the art...

"good memory water carriers" & "power routages"&"no patience become a patient"& "healthyself by stealth creates wealth"& "sad in SA everybody lives HACK proof houses"& SAP rhodes invent tnt ATM issues nobel price... g oslo w
  • #718,262
  • Jan 5, 2023 11:05am Jan 5, 2023 11:05am
Quoting Waveskierrob
{quote} No......just have loads of patience
...until the trade becomes profitable...I know this Webster's dictionary definition...
Always trade your own plan...I don't provide trading signals.
  • #718,263
  • Jan 5, 2023 11:05am Jan 5, 2023 11:05am
Quoting Headland
...back @ desk updating charts/seeing what I missed - wow! So, that ADP # held up well and started a big drop in what was already a bearish day overall to that point, particularly after the 2 x LH's on 1hr. Daily is almost certainly going to close bearishly, possibly a bearish thrust candle (,?) and such a close will create a 3rd consecutive LH on the dly @ y/day's 2087 hi, albeit that 2126 and 2107 are minor swing hi's on that t/f. The drop is also the 3rd downside b/o from that near-term previous 7day 1hr/4hr range/consolidation. Price trades...
maybe i'm the stupid one , but how do you trade with this.?
  • #718,264
  • Jan 5, 2023 11:07am Jan 5, 2023 11:07am
Quoting Robinhood1
{quote} Might take longer than i initially thought. Ranging down moderate maybe. Gives me time take dog for a walk & if miss another time, there is plenty in this fauna.
Does not meet the conditions for me to enter long at the moment.
POSTMASTER
  • #718,265
  • Jan 5, 2023 11:10am Jan 5, 2023 11:10am
Quoting Waveskierrob
SHORT GU 11890 no sl no tp.....
Added SHORT 11912 no sl no tp
  • #718,266
  • Jan 5, 2023 11:21am Jan 5, 2023 11:21am
Quoting tiborf71
{quote} maybe i'm the stupid one , but how do you trade with this.?
I don't know whether you mean (a.) how do I (as in me - Headland) trade with this,? -or- (b.) how do you/another (s) trade with this? Also, I sense an implied criticism in your question, but that is fine, I am happy to defend my postings and explain things they may contain too - to any genuine enquirer. My answers are as follows;

a. Very well thanks. I trade an average of 4hrs/day for around half of the year and earn a high 6-figure income from doing so.
b. I don't know and I don't care.

I think my posts are self-explanatory (to the educated) and provide an analysis of current chart conditions on t/f's (ie range or trend,) as well as potential supp/res/sbr/rbs factors on 30min+, and occasional adhoc 'educational' info.
Trader with an Edge.
  • #718,267
  • Jan 5, 2023 11:21am Jan 5, 2023 11:21am
Started Selling everything against Yen except USD and CHF..
Preparing for global recession and rate hike from BoJ..

EUR/JPY 140.500
GBP/JPY 159.000
AUD/JPY 90.000
NZD/JPY 83.005
CAD/JPY 98.000
  • #718,268
  • Jan 5, 2023 11:27am Jan 5, 2023 11:27am
Quoting tradexyz
{image} Cam lvls GBPUSD S4 S3 S2 S1 R1 R2 R3 R4 1.1986 1.2021 1.2033 1.2045 1.2069 1.2081 1.2093 1.2128 Brk Out Short Long LL2 LL1 HL1 HL2 Short Brk Out Long
Please help with the band indicator that has orange and blue histogram attached.



Thanks
  • #718,269
  • Jan 5, 2023 11:29am Jan 5, 2023 11:29am
Quoting TheWolf
Started Selling everything against Yen except USD and CHF.. Preparing for global recession and rate hike from BoJ.. EUR/JPY 140.500 GBP/JPY 159.000 AUD/JPY 90.000 NZD/JPY 83.005 CAD/JPY 98.000
Big moves related to Yen. I would consider shorting if there is one more push up.
POSTMASTER
  • #718,270
  • Jan 5, 2023 11:29am Jan 5, 2023 11:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 19 KB
yes yes yes
  • #718,271
  • Jan 5, 2023 11:35am Jan 5, 2023 11:35am
Quoting TheWolf
Started Selling everything against Yen except USD and CHF.. Preparing for global recession and rate hike from BoJ.. EUR/JPY 140.500 GBP/JPY 159.000 AUD/JPY 90.000 NZD/JPY 83.005 CAD/JPY 98.000
I see audusd & nzdusd strong bullish once the retracement resums which is near
POSTMASTER
  • #718,272
  • Jan 5, 2023 11:37am Jan 5, 2023 11:37am
Quoting Robinhood1
{quote} Big moves related to Yen. I would consider shorting if there is one more push up.
"Kameraden. comrades." rotterdam the about ale HEbrew creek browser ask the the burgermeister
  • #718,273
  • Jan 5, 2023 11:39am Jan 5, 2023 11:39am
Quoting Robinhood1
{quote} Big moves related to Yen. I would consider shorting if there is one more push up.
You're actually right.. I took the profit now, more than 50 pips all combined..
Euro and Pound are weak..

One more push up, but I won't hesitate next time!
Last Month we had the first Monthly Candle that closed below the Gray line I have on the Chart. This is already a clue that price has left the tops up there already..

GBP/JPY Monthly
GBP/JPY Weekly, Look at the chart (Weekly). I have confirmation to Short and we are witnessing the Blue line going over the candles suggesting that the trend is changing. Downtrend begins..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Yen.png Size: 6 KB
Click to Enlarge Name: GBPJPY Monthly.png Size: 18 KB
Click to Enlarge Name: GBPJPY Weekly.png Size: 22 KB
  • #718,274
  • Jan 5, 2023 11:43am Jan 5, 2023 11:43am
Quoting TheWolf
{quote} You're actually right.. I took the profit now, more than 50 pips all combined.. Euro and Pound are weak.. One more push up, but I won't hesitate next time! Last Month we had the first Monthly Candle that closed below the Gray line I have on the Chart. This is already a clue that price has left the tops up there already.. {image}
I might be wrong buddy. You trade as you know. BTW, a fractal observation. You know i mainly naked trade. Hope you like the observation. Say something Dr.

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (5752)_LI.jpg Size: 368 KB
POSTMASTER
  • #718,275
  • Jan 5, 2023 11:48am Jan 5, 2023 11:48am
Quoting Robinhood1
{quote} I see audusd & nzdusd strong bullish once the retracement resums which is near
AUD/USD Daily

If you're right about going Long, this is now the best price you will get! Based on Daily Chart..
15M Chart.. AUD/USD.. still nothing, but close to Gray line.. nothing confirmed though. Looking at other TF's has no point, candles are too far from gray line.

For NZD/USD, price is sitting exactly on Weekly and Monthly Support, somehow the same price, while 15M is looking exactly like the AUD/USD one. Although!, Daily is quite different..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Daily.png Size: 23 KB
Click to Enlarge Name: AUDUSD 15M.png Size: 24 KB
Click to Enlarge Name: NZDUSD Daily.png Size: 27 KB
  • #718,276
  • Jan 5, 2023 11:49am Jan 5, 2023 11:49am
Quoting Headland
...back @ desk updating charts/seeing what I missed - wow! So, that ADP # held up well and started a big drop in what was already a bearish day overall to that point, particularly after the 2 x LH's on 1hr. Daily is almost certainly going to close bearishly, possibly a bearish thrust candle (,?) and such a close will create a 3rd consecutive LH on the dly @ y/day's 2087 hi, albeit that 2126 and 2107 are minor swing hi's on that t/f. The drop is also the 3rd downside b/o from that near-term previous 7day 1hr/4hr range/consolidation. Price trades...
Do you use a set of indicators to update your charts or do you do it manually?
I find picking the appropriate support and resistance levels challenging!
  • #718,277
  • Jan 5, 2023 11:55am Jan 5, 2023 11:55am
Quoting Robinhood1
{quote} I might be wrong buddy. You trade as you know. BTW, a fractal observation. You know i mainly naked trade. Hope you like the observation. Say something Dr. {image}
Nice catch? Haha

Interesting..

I don't know why I went Short anyway, don't like leaving positions open during night.. LoL
I mean I know why, but shouldn't have gone now. Tommorow we'll have a fresh look at Yen pairs..

I avoid USD and CHF for obvious reasons..

Considering this GBP/USD, I think the Pattern will repeat. Another big drop incoming.
I was talking about EUR/USD today about Daily confirming Short.. anyway here's the graph..

Now that I'm looking at it, it's as though AUD acts like EUR and NZD like GBP LoL. NZD and GBP Daily Chart confirmed Short sooner then AUD and EUR. Anyway.. the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily.png Size: 27 KB
  • #718,278
  • Jan 5, 2023 11:59am Jan 5, 2023 11:59am
Quoting TheWolf
{quote} AUD/USD Daily If you're right about going Long, this is now the best price you will get! Based on Daily Chart.. 15M Chart.. AUD/USD.. still nothing, but close to Gray line.. nothing confirmed though. Looking at other TF's has no point, candles are too far from gray line. For NZD/USD, price is sitting exactly on Weekly and Monthly Support, somehow the same price, while 15M is looking exactly like the AUD/USD one. Although!, Daily is quite different.. {image} {image} {image}
I agree. It could be a good price although i expect a doble bottom or minimum dip on a low tf say like 10min.
POSTMASTER
  • #718,279
  • Jan 5, 2023 12:00pm Jan 5, 2023 12:00pm
Quoting Coreg2004
{quote} Waveskierrob, I know, you are trading without the chart...My A$$... or you are a prodigy. {image}
nice chart as always regards E
  • #718,280
  • Jan 5, 2023 12:01pm Jan 5, 2023 12:01pm
If 11980 is broken then we could be back towards 12080 area next week
Insane in the Brain..
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