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Cable Update (GBPUSD)

  • #718,381
  • Edited 12:49am Jan 6, 2023 12:33am | Edited 12:49am
5 min
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  • #718,382
  • Jan 6, 2023 12:34am Jan 6, 2023 12:34am
Quoting Headland
{quote} 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)...
Headland, your posts are amongst the most informative, useful, consistent and humble within any thread on this site. I mostly stalk and rarely post on here recently but wanted to take the opportunity to extend my gratitude. Thank you and I hope 2023 is your best year yet!
  • #718,383
  • Jan 6, 2023 12:35am Jan 6, 2023 12:35am
G/M, Early start-early finish is my plan today! London forex desks just opening up. Y/day - a big bearish dly candle but no downside follow thru yet (will there be one?) following the p/back off y/day's/ the current wkly lo of 1873, into the dly part of the prev 1hr/4hr/dly sw lo zone that began @ 1899, ie the immediate potential sbr. 1hr in a general downtrend now, 4hr - probably a messy general downtrend now? On dly 3 x LH's now albeit minor swings on that t/f, and what will be a LL @/below y/day's 1873 lo when it forms. Asian session up, down, and ?

Below the prev 1hr/minor 4hr sw lo zone that extends down to said 1873, a prev 1hr sw lo zone down to 1854, then another to 1823. The next prev 1hr/4hr/dly sw lo zone is the one down to 1778, and below that a prev 1hr/4hr sw lo zone down to 1762. These are from November last year. Usual ubiquitous downside fibs in attendance too if price ventures south today, these of the major 1hr+ swing lo's from and including 0327 all to 2445. U.s NFP later of course.

1hr below
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Trader with an Edge.
  • #718,384
  • Jan 6, 2023 12:37am Jan 6, 2023 12:37am
Its a short
Why long ?
  • #718,385
  • Jan 6, 2023 12:38am Jan 6, 2023 12:38am
Someone once said that they been trading for years and that hedging was a mugs game and it didn't work, now I see that they are hedging, (glad I could help ), just shows that you need to keep an open mind....
  • #718,386
  • Jan 6, 2023 12:39am Jan 6, 2023 12:39am
Quoting Pat Chiko
{quote} GU Try some luck on this scalp{image}
Hi Pat, I am trying to learn from your charts and I see that you have marked 1.2027 and 1.1959 as significant S/R areas. How about 1.2000? On my chart I have marked this area as well. Do you think this is not significant S/R flip? I a wondering what is the difference or reason behind?
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  • #718,387
  • Jan 6, 2023 12:49am Jan 6, 2023 12:49am
Quoting Waveskierrob
Someone once said that they been trading for years and that hedging was a mugs game and it didn't work, now I see that they are hedging, (glad I could help ), just shows that you need to keep an open mind....
and over the years things have changed in forex we have to move ground to go forward , books are wrote by people who worked for brokers and the information is a broker bias so , think about it it could change peoples way of trading , regards
people leave, but this thread will go on for ever
  • #718,388
  • Jan 6, 2023 12:50am Jan 6, 2023 12:50am
Quoting Pat Chiko
{quote} GU Try some luck on this scalp{image}
happy new year pat and kindest regards
people leave, but this thread will go on for ever
  • #718,389
  • Jan 6, 2023 12:52am Jan 6, 2023 12:52am
the drop is coming
they dropped from 1.20000 to 1.19000
now it time to drop from 1.19000 to 1.18000
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yes yes yes
  • #718,390
  • Jan 6, 2023 12:53am Jan 6, 2023 12:53am
...fibs and current 10/20/50 ema crosses as below.
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Trader with an Edge.
  • #718,391
  • Jan 6, 2023 12:56am Jan 6, 2023 12:56am
Quoting DailyChart
Its a short Why long ?
Lets kill this LONG
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  • #718,392
  • Jan 6, 2023 12:58am Jan 6, 2023 12:58am
dx broke up y's high
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yes yes yes
  • #718,393
  • Jan 6, 2023 1:05am Jan 6, 2023 1:05am
good morning STAR frankfurt market kinda Flat dear
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  • #718,394
  • Jan 6, 2023 1:06am Jan 6, 2023 1:06am
Quoting Waveskierrob
{quote} Added SHORT 11912 no sl no tp
Added SHORT 11923 sl no tp
  • #718,395
  • Jan 6, 2023 1:12am Jan 6, 2023 1:12am
Looking for buy after the NFP print but--no rush, i expect yesterday's low to be taken first
  • #718,396
  • Jan 6, 2023 1:14am Jan 6, 2023 1:14am
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  • #718,397
  • Jan 6, 2023 1:15am Jan 6, 2023 1:15am
Quoting Waveskierrob
{quote} Added SHORT 11923 sl no tp
Nice call that mate, particularly after the 5min closed so strongly as a bullish engulf thrust, but we then got the 5min dark cloud cover

5min below
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Trader with an Edge.
  • #718,398
  • Jan 6, 2023 1:19am Jan 6, 2023 1:19am
Quoting Waveskierrob
{quote} Added SHORT 11923 sl no tp
Closed SHORT 11903 +20
  • #718,399
  • Jan 6, 2023 1:27am Jan 6, 2023 1:27am
Quoting TheWolf
{quote} I wonder.. if NFP comes out good for USD, will GBP/JPY also go up with USD/JPY or not?.. I never understand this crap. They all follow each other against Yen, but on some stronger moves only sometimes..
Hi. Of all yen pairs i beleive cadjpy has either topped or near to turning around. So has cadchf.
POSTMASTER
  • #718,400
  • Jan 6, 2023 1:29am Jan 6, 2023 1:29am
...bears are trying! Price has entered the 4hr part of the prev 1hr/minor 4hr sw lo zone that extends to y/day's 1873 lo = prev supp = pot supp.

1hr below
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Trader with an Edge.
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