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Cable Update (GBPUSD)

  • #719,861
  • Jan 11, 2023 12:14am Jan 11, 2023 12:14am
Quoting Bikrompur
{quote} Ok, sound good but gbpusd drop soon
what time?
How to succeed in zero sum game?
  • #719,862
  • Edited 12:42am Jan 11, 2023 12:18am | Edited 12:42am
Quoting dempire1
{quote} what time?
west all around coast time meridians expect roller 8bahn gbp usd no haste with things "1066 hastings battle" venue canada door PNE sun ever set NO
  • #719,863
  • Jan 11, 2023 12:22am Jan 11, 2023 12:22am
GBPUSD

sell at current price 1.2169

stop loss: 1.2211

take profit: open
  • #719,864
  • Jan 11, 2023 12:23am Jan 11, 2023 12:23am
daily range with weekly & monthly MA's
conservative traders: wait for range break and enter with pullback
aggressive traders: do what you want

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #719,865
  • Jan 11, 2023 12:38am Jan 11, 2023 12:38am
Quoting shivohum2015
{quote} Comprehensive! But you did not decode the nomenclature- MF. You should also include it.
Isn't this from Moty's terminology?
  • #719,866
  • Jan 11, 2023 12:40am Jan 11, 2023 12:40am
Gold could possibly break the 1900 level today
  • #719,867
  • Edited 1:35am Jan 11, 2023 12:52am | Edited 1:35am
Quoting Houtbay
Gold could possibly break the 1900 level today
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who's buying RED china beijing not @ these lvls
1.00 Russian Ruble =
0.000007633318832 Gold Ounces
1 XAU = 131,005 RUB

gold extrapolated x 10 london city credit isms amplifier "marshal" plan net WHO Knows cod hendrix de lay don't know they have a seat sith in front of the tle virgions

Inserted Video
  • #719,868
  • Jan 11, 2023 12:52am Jan 11, 2023 12:52am
Waiting for a fill of the imbalance to buy

Daily open level.
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  • #719,869
  • Jan 11, 2023 12:56am Jan 11, 2023 12:56am
Quoting mysterio
Waiting for a fill of the imbalance to buy Daily open level. {image}
I think the market is done with the buys for the rest of this week.
  • #719,870
  • Jan 11, 2023 1:01am Jan 11, 2023 1:01am
Buy limit 1.2138
TP 1.2178
SL 40 Pips
  • #719,871
  • Jan 11, 2023 1:04am Jan 11, 2023 1:04am
Hello Guys, price is obviously stuck in the confines of 1.21 and my expectation is for price to attain 1.2240 area before some deep correction...

In the second thought, this week opened at 1.2085 and hasn't sold below 1.2083 (2 pips drop only), this scenario usually drops back to the weekly open and break it down 70% of such scenario.

So if expected weekly range is between 250 - 350 pips, we may make use of the below simulations

1.2240 - 250 pips = 1.1990
1.2300 - 250 pips = 1.2050

From the above, it shows that even if price reaches as high as 1.2300, price can still make its way down to 1.2059 - 1990 area this week.

The major catalyst is the CPI which will be released tomorrow (Thursday). The last two CPI News produced 230 - 400 pips move on the day of release and the last two went massively against the dollar.

Will the market makers give us 3 consecutive dollar snacking on CPI day? I cautiously doubt it. Check the Forecast of this coming CPI, you will see it is already priced in to come out bad for USD, any reading above the forecast will likely be the catalyst to crash price down to 1.2000 area...

Now I'm desperately hoping price can return to 1.22 area so as to short it after closing my buy trades there for a target of 1.2050. I can tolerate 80 - 100 pips drawdown in case of an overshoot to 1.2300...

As usual, no obligation to follow.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #719,872
  • Jan 11, 2023 1:10am Jan 11, 2023 1:10am
Quoting fxmasterdxb
{quote} hey there my dubai mate, do you still live in dubai? well i have been trading since 12 years but my focus been on majors only when it comes to currencies and more recently im strictly trading GU, EU and Gold, never traded USD/ZAR-NOL-SEK could be possible but it isnt my thing
no Currently i am in Pakistan my Mother is from Pakistan she is Sick very sick to be honest, so i left my JOB,
i am a Business minded not JOB person but i Liked Police Officer in Dubai, because it got me a lot of Respect and a lot of Investors People to be honest Trust police Officer Blindly, that is not the real Reason i was Born in Poverty in dubai, because my Father Abandoned us to be with Local women to get Emirates nationality and he got it. me too years later, but that's not the point
when you get abounded at age of 8 its very hard, in age of 8 life is cruel, i washed cars for 2 Dirhams at night,
and internet was very expensive i cant even afford Computer, hell i dint have bike to goto school..
but in doing washing cars i found a great man, he taught me, to be Successful JOB is not the Way,
you learn something new and he was Forex Trader, but again no Computer no Internet how i can Learn,
so i started working in a internet cafe at half price jus to get access to computer and free Internet,
that is how i learned, you guys are very lucky to be honest, you got Internet Home Computers,

and you might be Surprised that i never went to English Medium school only Arabic,
and now i am Selling my Analysis on upwork.com for 200$ long term of course but i do,
you can check profile name "Loyal INvestments Advisory Services Corp"
but i am Fluent in 6 languages at least only because i was Eager to Learn, and everything today i know i learned from Internet..
there is something called fight or Flight instinct its Genetic, thank GOD i got if from my Mother
Freedom is all i ever wanted not to stuck in 9-5 job,
so i worked hard for almost 17 years not and now i just trade from Mobile mostly, check the charts from laptop makemy analysis and enjoying life,
but i am Still learning because learning is a Journey the Minute you think you know it all, you are done specially in foex trust me on that..
sorry for long message threw a lot of Personal info but you hit a Nerve when you asked about Dubai,
i have both Good and Very Painful memories from that City alone..
.
Now about Volatile Pairs its Best to Avoid them unless you know exactly what you are are Doing trust me, don't go that way, low Liquidity makes them very very Unpredictable. i was Just making a Point that it is Possible to make 1,000 pips a day and yes i do it some times with Micro lots and small accounts, but thing about those is if you are right 1000+ pips in 2 hours and if you are wrong -2000 pips in 15 minutes..

About GOLD, i know its very Appealing at the Moment to Buy it is making highs but trust me it wont last for long,
1900 maybe 1910 then back to 1800's in Feb to March...
and that is not my analysis that is Professional Analysts working for XYS investments etc. and Getting paid 60K a month just for their analyst job..

i Shorted Pound 1.2170 will short again at 1.2200 if it reaches there, and shorted EURO too 1.0750
to be honest i am Hoping to be Wrong to Learn Something new because i traded in Small accounts,
1 trade i did in my big account yesterday got 1.2120 target adn got out,
i sold 1.2170 and have plan to sell at 1.2230-50 if it reaches there,
for Tomorrow CPI i will get the Report and then i will analyze it and decide what to do next, still got 14 hours before i get it..
so i am Watching Tv Series " The Mentalist" still on Season 2 but its Good,
also "Prison Break" was Great last month.
that is what i do when i have open trades and Free time,
i mostly learned english watching those TV series to be Honest..

i am not sure what life could bring...
I am not sure if dreams comes true...
I am not sure what love can do...
but i am sure about one thing.. IT IS GOOD ENOUGH FOR NOW AND FOREVER.
Don't compare your Trades with Others
  • #719,873
  • Jan 11, 2023 1:13am Jan 11, 2023 1:13am
Quoting Pat Chiko
Just to add to my point as it may bring reminder/knowledge to myself and others.... All trends come to an end, reverse, and proceed in the opposite direction. So there is always an optimum low risk : high reward trade at the endpoint of each sizeable trend. However, the high leverage in a forex account means that we need to be very precise when trading against a trend, or even with a trend, because the inaccuracy in pinpointing the endpoint or even the midtrend retracements may be too large for our account size to handle and expose us to...
Now I see what PAT was talking about yesterday.

1.21783 holds the key to this whole stuff.

PAT, it is such an honour to have an extremely knowledgeable trader like you share thoughts and nuggets with us in this forum.

Thank you sir!
  • #719,874
  • Jan 11, 2023 1:13am Jan 11, 2023 1:13am
Quoting dantpm
{quote} Well, Pat told you he was old!
Dantpm setting me up
Lou Vincii Code
  • #719,875
  • Jan 11, 2023 1:14am Jan 11, 2023 1:14am
GU and EU is looking very Wyckoffian.
  • #719,876
  • Jan 11, 2023 1:14am Jan 11, 2023 1:14am
The moneys in the waiting
  • #719,877
  • Jan 11, 2023 1:18am Jan 11, 2023 1:18am
Eeeek....I'm a little bit late today! Looks like I didn't miss anything though. I hope everyone is well and ready to trade today. There is no setups for me right now, so it's coffee and waiting like yesterday
I am neither brave nor stupid...I am just a part time trader
  • #719,878
  • Jan 11, 2023 1:23am Jan 11, 2023 1:23am
Quoting Georginson
Hello Guys, price is obviously stuck in the confines of 1.21 and my expectation is for price to attain 1.2240 area before some deep correction... In the second thought, this week opened at 1.2085 and hasn't sold below 1.2083 (2 pips drop only), this scenario usually drops back to the weekly open and break it down 70% of such scenario. So if expected weekly range is between 250 - 350 pips, we may make use of the below simulations 1.2240 - 250 pips = 1.1990 1.2300 - 250 pips = 1.2050 From the above, it shows that even if...
You are Good i Pointed out the Lines i saw Logical..
Great i loved it George,

yes USDX in not showing signs it was in Previous CPI, but that can Change Tomorrow,
for BULLS are IN USD will get Stronger n LONDON and even in US session, at least that whats the data showing on COT Report (Commitment Of Traders) i got.. from Yesteday 34% to 46% today. is not much but trust me it is Showing we will never see Sudden fall in USDX. atleast Today..

but Hawkish Powell may know something we Don't right?
that can't be that Hawkish unless they have Inside info trust me they want $ to Be strong, specially War Time against Russia,
since Russia is Going with GOLD they will Make it Higher for The GOLD to drop and the ONE's Holding Tonnes will Regret it,
that's what i heard from Someone who Knows Politics well enough..

Like your body your mind also gets tired So refresh it by wise sayings
that is why there is always a Quote in my Every Post.

"Difficulties in Your life do not come to destroy You, But to help u realize your hidden Potential... Let difficulties know that You are difficult.
Don't compare your Trades with Others
  • #719,879
  • Jan 11, 2023 1:36am Jan 11, 2023 1:36am
Quoting Georginson
Hello Guys, price is obviously stuck in the confines of 1.21 and my expectation is for price to attain 1.2240 area before some deep correction... In the second thought, this week opened at 1.2085 and hasn't sold below 1.2083 (2 pips drop only), this scenario usually drops back to the weekly open and break it down 70% of such scenario. So if expected weekly range is between 250 - 350 pips, we may make use of the below simulations 1.2240 - 250 pips = 1.1990 1.2300 - 250 pips = 1.2050 From the above, it shows that even if price reaches as high as 1.2300,...
I hope other traders have heard where he said " i can tolerate 80 - 100 pips drawdown in case of an overshoot to 1.2300....

For those scalping (including me) this is not for you but if you insist then you bear the risk fully.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #719,880
  • Jan 11, 2023 1:36am Jan 11, 2023 1:36am
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yes yes yes
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