Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#719,221
Jan 9, 2023 3:25am Jan 9, 2023 3:25am

RaHaG0D
Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts

I have SHORT in GU, but I think 1.22 is not far off & my stops will be hit. It may be too early to draw conclusions.

I was expecting a correction & then an increase, but it seems that it will not happen. Let' see

Another Short at 1.21680
I will close my trades at zero or low profit if I don't see a significant drop

There is nothing wrong with being kind & loving to each other

#719,222
Jan 9, 2023 3:25am Jan 9, 2023 3:25am

Teek
Joined Feb 2017 | Status: pippin' | 1,139 Posts

DXY - Weekly:
this is where we are in all things USD. Very very important!
Know your environment. If you think this is in the hands of "buyers & sellers" you are wrong. The FED plays the music.

this is not a trading idea, this is not a prophecy.

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you are not expected to understand this

#719,223
Edited 4:04am Jan 9, 2023 3:28am | Edited 4:04am

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

Quoting tradexyz

Disliked

{quote} Q a r martians intersections here & there find the $all amies

Ignored

experts happy shops more privacy AQUETE no worries royalties flush strands paid in full back no hassle hussle .BE 1.214275 okavanga

#719,224
Jan 9, 2023 3:31am Jan 9, 2023 3:31am

MrFanciful
Joined Mar 2021 | Status: Trader | 2,976 Posts

Looks like the EU and DXY might have already reversed. GU might just be late.

#719,225
Jan 9, 2023 3:34am Jan 9, 2023 3:34am

BigNumbers
| Commercial User | Joined Jul 2021 | 3,280 Posts

Quoting BigNumbers

Disliked

{image} Weekly quote: I haven't failed, I've just found 10,000 ways that won't work

Ignored

we are almost at TP1

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My telegram: https://t.me/avidforex

#719,226
Jan 9, 2023 3:35am Jan 9, 2023 3:35am

MrFanciful
Joined Mar 2021 | Status: Trader | 2,976 Posts

So far 20% lost...again.

#719,227
Jan 9, 2023 3:36am Jan 9, 2023 3:36am

W0lfram
Joined Dec 2020 | Status: Re█████ | 2,868 Posts

Quoting W0lfram

Disliked

{quote} {image} DX has more room down ~103.3 and EUR futures ~1.075 imo... so cable probably also going up more

Ignored

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Now I'm short 1.2161 to ~1.194 or lower

Air force

#719,228
Jan 9, 2023 3:42am Jan 9, 2023 3:42am

Teek
Joined Feb 2017 | Status: pippin' | 1,139 Posts

Quoting Pat Chiko

Disliked

{quote} Thanks for sharing your view Teek. We had a Friday of high volatility, the microstructures were broken (defining new BOS) and some areas of imbalance were created. These imbalance zones will be filled at some point prior to any major news .ie. US CPI report. I like the way you look at market,... If the facts change, we change. If structures are broken, we change. WE only can survive in the market because we need to be patient, disciplined and flexible. Keep up with your great posting, helps me to look the market objectively... PAT

Ignored

Thank you.
"evil Marketmaker" at work

My actual trading charts don't look anything like this btw, all I see is time and price. Centralbanks either run buyside or sellside or hold price, that's all. It's not rocketscience, it's algorythmic.
"These imbalance zones will be filled at some point prior to any major news " <--- nailed it
Keep pounding and believe nothing

you are not expected to understand this

#719,229
Jan 9, 2023 3:42am Jan 9, 2023 3:42am

Indigo45
Joined Nov 2022 | Status: Slow & Steady | 335 Posts

Quoting Pat Chiko

Disliked

{quote} GU Common GU. Gimme on spike of Hammer to target.{image}

Ignored

Hello, What about these two positions, did you close them manually or changed the SL. (Just Learning) I did not copy but just observing and learning your way of analyses. This is A++ setup to Short for me because price has not taken any retrace since this one sided move. That is due.
Regards.

#719,230
Jan 9, 2023 3:44am Jan 9, 2023 3:44am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting MrFanciful

Disliked

So far 20% lost...again.

Ignored

70 pips range and 20% loss ?

reduce leverage, else at the end of the week, account is gone

COT: The precious data ignored

#719,231
Jan 9, 2023 3:46am Jan 9, 2023 3:46am

RaHaG0D
Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts

Quoting W0lfram

Disliked

{quote}{image} Now I'm short 1.2161 to ~1.194 or lower

Ignored

I also sold GU today, but with the gradual increase & successive H&L, I think it is unlikely that it will be able to return & break the very important area of 1.2100. Upper areas like 1.2200-1.22500 show green light

There is nothing wrong with being kind & loving to each other

#719,232
Jan 9, 2023 3:47am Jan 9, 2023 3:47am

Indiara
Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts

Quoting Indiara

Disliked

{quote} Trade is protected now {image}

Ignored

TP hit at +33

I was going to move TP but I decided that action is not stable so best to not be greedy

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I am neither brave nor stupid...I am just a part time trader

#719,233
Jan 9, 2023 3:48am Jan 9, 2023 3:48am

sunnym
Joined May 2012 | Status: Trader | 427 Posts

GU Long

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Watch me trade Live on YouTube

#719,234
Jan 9, 2023 3:49am Jan 9, 2023 3:49am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

GU looks bearish, as bullish momentum is faded (PA pace of increase becomes slower)
while DXY already did 2 1hr candles rejection at 103.5 support.
4hr candle to be closed in 13mins
Still on sidelines waiting as the decent setup not yet appeared (for me) as Price keep going one sided since Asia.

More time in the market, does not mean you trade better!