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Cable Update (GBPUSD)

  • #718,741
  • Jan 6, 2023 8:23am Jan 6, 2023 8:23am
Quoting pipfarm
{quote} Swing 3 trend wave , we should be expecting a swing low below 1898 on H1, then lets see after that if we get an hourly pullback, there might me another chance to short this week
So we had another hourly pullback, which was probably the next chance to short that i mentioned.
Follow The Markets Structure - Patience and Discipline
  • #718,742
  • Jan 6, 2023 8:25am Jan 6, 2023 8:25am
Quoting TheWolf
{quote} Look, H4 and Daily are saying Short.. Hourly is the critical TF I am looking right now, and this particular Hourly candle is critical where it will close..
Maybe
POSTMASTER
  • #718,743
  • Jan 6, 2023 8:25am Jan 6, 2023 8:25am
Quoting TheWolf
Hourly testing S... will it break through?? {image}
Touched Support! Now, we'll see if S will endure..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1.png Size: 22 KB
  • #718,744
  • Jan 6, 2023 8:26am Jan 6, 2023 8:26am
Quoting SilentFather
Interesting! I maybe still believe in me! xD Before {image}After{image} Yay! I love this. Anyone interested, will give for free. Or check my thread for more ideas. SF
Yes, I am interested. Does it work on other TFs?
  • #718,745
  • Jan 6, 2023 8:27am Jan 6, 2023 8:27am
Quoting TheWolf
{quote} Touched Support! Now, we'll see if S will endure.. {image}
TP-ed, and now am waiting for Hourly to close..until then, I'm going to rest some..

ISM will decide the path for the rest of the day.. in half an hour..
  • #718,746
  • Jan 6, 2023 8:27am Jan 6, 2023 8:27am
Potential short setup for the next news event. IMO

Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
  • #718,747
  • Jan 6, 2023 8:28am Jan 6, 2023 8:28am
Quoting DrDave
{quote} Just go into your history file and replace that H1 spike bar with one that has a range of around ATR(5) of the bars before it. Then you'll be right on track.
Happy new year Dr. we haven't met lately.
POSTMASTER
  • #718,748
  • Jan 6, 2023 8:31am Jan 6, 2023 8:31am
Upto Now what I SEE is that that can be termed as a juicy pullback for a Hot Up Move
Shekh In Desert
  • #718,749
  • Jan 6, 2023 8:31am Jan 6, 2023 8:31am
Quoting TheWolf
GBP/USD Hourly Price to watch for.. look where the Hourly candle will close.. below this price, we have a Short.. otherwise I'll reconsider my Short if it closes above gray and yellow lines. {image}
hourly means for one hour, not longer, let s see the ism, but down it will be not easy to 1830, we had only 20 pips to 1920, maybe higher to 1970-1980 possible
  • #718,750
  • Jan 6, 2023 8:32am Jan 6, 2023 8:32am
Quoting maxi444
{quote} hourly means for one hour, not longer, let s see the ism, but down it will be not easy to 1830, we had only 20 pips to 1920, maybe higher to 1970-1980 possible
We'll see what the price is going to do in these half an hour before ISM..
  • #718,751
  • Jan 6, 2023 8:32am Jan 6, 2023 8:32am
Quoting TheWolf
GBP/USD Hourly Price to watch for.. look where the Hourly candle will close.. below this price, we have a Short.. otherwise I'll reconsider my Short if it closes above gray and yellow lines. {image}
With GBPUSD H1 spike like that, I check smaller TFs to give more useful information.
To free Gazans of Hamas, use whatever it takes.
  • #718,752
  • Jan 6, 2023 8:34am Jan 6, 2023 8:34am
Quoting bilal1947
{quote} Because it is showing a setup ! setting it up to BE. {image}
SMT is like divergence?
  • #718,753
  • Jan 6, 2023 8:34am Jan 6, 2023 8:34am
Quoting DrDave
{quote} With GBPUSD H1 spike like that, I check smaller TFs to give more useful information.
Smaller TF's are indicating Buy, however Higher TF's still indicate Short.. however, Hourly is the perfect TF to watch out for based on my system. It's like the path is going to be decided on this TF today. Just my thinking..
  • #718,754
  • Jan 6, 2023 8:35am Jan 6, 2023 8:35am
[quote=DubaiFX;14277373]{quote} Say.. Hello to 1.1860 Is the Support for now, and f it holds we will see 1.1940 retracement at least. and then Say Hello to 1.1740 and 1.1550. til Feb At least it should be there... People Don't Pay Attention most of the what a Wise man has to say, most of the time, because its Human Nature Self Confidence is good Thing, but Over Confidence Always Gets you Trapped in This Market Believe me i Talk From Experience, that is why i always Call Big Boys and see where stand, they got 10's of Economists working 12 hours a Day Collecting small Data because that is how they see Big News will come Into Place.. and they were not Wrong.. now about USDX first of all a little retracement is always good i am expecting 104.40-50 then Another leg up on daily to 108 it may seem far fetched but trust me in Forex It Always Seems Impossible, Until It's Done. “It is not that I'm so smart. But I stay with the questions much longer.” ― Albert Einstein[/q

Thats What i was Talking About,
Good Job Pound now e need Break Below 1.1850 to see 1.17 next week...

“The great aim of education is not knowledge but action.”
— Herbert Spencer
Don't compare your Trades with Others
  • #718,755
  • Jan 6, 2023 8:37am Jan 6, 2023 8:37am
News retracement: exactly 50% Fibo..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H1.png Size: 23 KB
  • #718,756
  • Jan 6, 2023 8:38am Jan 6, 2023 8:38am
me covering my UJ Longs and "USD looks good"-Shorts across the board 15 min. post NFP
everything booked and out, lol forecasters
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you are not expected to understand this
  • #718,757
  • Jan 6, 2023 8:38am Jan 6, 2023 8:38am
lets Go BTCUSD
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My telegram: https://t.me/avidforex
  • #718,758
  • Jan 6, 2023 8:38am Jan 6, 2023 8:38am
Quoting TheWolf
{quote} We'll see what the price is going to do in these half an hour before ISM..
for me before ism is no trade
  • #718,759
  • Jan 6, 2023 8:43am Jan 6, 2023 8:43am
Quoting Bainbrito
{quote} The main reason traders fail is because of cognitive dissonance. Cognitive dissonance is the tendency to seek consistency among attitudes, thoughts, and beliefs. When beliefs agree, there is consonance and a state of comfort results. When all the conditions for a trade are met and the trade is immediately profitable there is consonance, but this is so rarely the case when trading as we do not know what will happen next and have no control over the market. Trading is hard because the trading environment creates so much cognitive dissonance....
Thank you very much for this elaboration. I am looking forward to hear more from you about this kind of topic. Keep sharing.
The market hides a perfect geometry.
  • #718,760
  • Jan 6, 2023 8:46am Jan 6, 2023 8:46am
Quoting Robinhood1
{quote} Happy new year Dr. we haven't met lately.
Right back at ya, my friend.
To free Gazans of Hamas, use whatever it takes.
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