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Cable Update (GBPUSD)

  • #719,921
  • Jan 11, 2023 3:18am Jan 11, 2023 3:18am
Looking back...Looks like GU tends to back and forth between 1.21 and 1.22 quite a bit more than it just has
  • #719,922
  • Jan 11, 2023 3:19am Jan 11, 2023 3:19am
Quoting Pat Chiko
{quote} GU End of scalping. Going to be ranging period until MM wiped out all stops. Going to geta ride into LONG train{image}
Morning Pat

I wondered how you chose 1.2130s lower target ? I'm finding my directional bias is fine this year but often i'm FOMOing or entering too early

I shot my bullet too early , but in long again from 1.2131 to reach the daily FVG
  • #719,923
  • Jan 11, 2023 3:20am Jan 11, 2023 3:20am
...strong upside bounce from top of that prev 1hr/minor 4hr sw lo zone (relative to 1hr range,) and thru 1st upside hurdle.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #719,924
  • Jan 11, 2023 3:24am Jan 11, 2023 3:24am
Quoting Pat Chiko
{quote} Not sure how GU going to play today. Seems, shes trying to seduce buyer to long term commitment But I'm just play it with scalping mode atm.{image}
GU

Gimme on spike to target one baby.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 224.jpg Size: 188 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,925
  • Jan 11, 2023 3:25am Jan 11, 2023 3:25am
Bought when I called the 15 minute OB. Might be too ambitious for the target so I'll monitor it. SL is at +1.1 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230111_092234.png Size: 93 KB
  • #719,926
  • Jan 11, 2023 3:28am Jan 11, 2023 3:28am
Quoting MrFanciful
Bought when I called the 15 minute OB. Might be too ambitious for the target so I'll monitor it. SL is at +1.1 pips. {image}
Hi, what do you mean by 'OB?' thanks.
Trader with an Edge.
  • #719,927
  • Jan 11, 2023 3:31am Jan 11, 2023 3:31am
Quoting mysterio
{quote} Morning Pat I wondered how you chose 1.2130s lower target ? I'm finding my directional bias is fine this year but often i'm FOMOing or entering too early I shot my bullet too early , but in long again from 1.2131 to reach the daily FVG
New H1 candle
SSR zone
Rejected twice Valerie this week
Attached Image (click to enlarge)
Click to Enlarge Name: gu 225.jpg Size: 177 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,928
  • Jan 11, 2023 3:32am Jan 11, 2023 3:32am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 23 KB
yes yes yes
  • #719,929
  • Jan 11, 2023 3:37am Jan 11, 2023 3:37am
I will still be here for another 2 or 3 hours, but my two pairs, GU and UJ both are very disorganised, so is USDX which means that a trade for me looks unlikely. Keeping my money safe until I see something with a good chance of making me some pips is the best thing for me. No hurry, no rush....fill the bucket one drop at a time
I am neither brave nor stupid...I am just a part time trader
  • #719,930
  • Jan 11, 2023 3:40am Jan 11, 2023 3:40am
Quoting Pat Chiko
{quote} GU Gimme on spike to target one baby.....{image}
GU

This set up not looking pretty.
Closing it before the next NEW H4 candle appear.

She may want to give one spike below to take out Buyer SL.
Today is tight range day.... I play it with tiny profit so I can buy lunch later, plus some drinks to go with it.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 226.jpg Size: 221 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,931
  • Jan 11, 2023 3:44am Jan 11, 2023 3:44am
Scalpers Paradise...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-01-11_10-43-30.png Size: 27 KB
you are not expected to understand this
  • #719,932
  • Jan 11, 2023 3:45am Jan 11, 2023 3:45am
Quoting Pat Chiko
{quote} GU This set up not looking pretty. Closing it before the next NEW H4 candle appear. She may want to give one spike below to take out Buyer SL. Today is tight range day.... I play it with tiny profit so I can buy lunch later, plus some drinks to go with it.{image}
Lol...must be expensive where you live!.... There is 3min and 5min bearish hidden div @current p/back hi around that daily pivot but no real next higher t/f 30min trend to enter after such a pullback so not an optimum set-up.

5min below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
Trader with an Edge.
  • #719,933
  • Jan 11, 2023 3:45am Jan 11, 2023 3:45am
Quoting Headland
{quote} Hi, what do you mean by 'OB?' thanks.
It stands for Order Block. It's a term coined (or at least he takes credit for it) by a guy called Inner Circle Trader on YouTube. He's like Marmite in that people love or hate him. I personally don't have much of an opinion. The idea is essentially that the price ranged at the bottom or top of a range, where a reversal took place is by definition a place where a lot of buying took place (in this case as it was the area at the bottom of a previous bear trend.). Use the body of the last 15 minute candle in this screenshot.

I'm basically betting that a lot of people/institutions previously bought at this area, so they could do it again.

But then again...Look back at my post history...What do I know?
  • #719,934
  • Jan 11, 2023 3:48am Jan 11, 2023 3:48am
Quoting Indiara
I will still be here for another 2 or 3 hours, but my two pairs, GU and UJ both are very disorganised, so is USDX which means that a trade for me looks unlikely. Keeping my money safe until I see something with a good chance of making me some pips is the best thing for me. No hurry, no rush....fill the bucket one drop at a time
Hi Dear,

GU is playing a tight game now.
As it is in consolidating in symmetrical triangle, it may trap as many buyer/seller to explode either side to take out respective SL.

Or the MM may spike it both way to take out Buyer/Seller or Seller/Buyer SL, which ever the sequence going to be.

Going for my daily jogging. 7 km. See you later.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 227.jpg Size: 155 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,935
  • Jan 11, 2023 3:49am Jan 11, 2023 3:49am
Quoting Pat Chiko
{quote}Going to be ranging period until MM wiped out all stops.{image}
Working on it...
Almost done
you are not expected to understand this
  • #719,936
  • Jan 11, 2023 3:52am Jan 11, 2023 3:52am
Quoting Pat Chiko
{quote} Hi Dear, GU is playing a tight game now. As it is in consolidating in symmetrical triangle, it may trap as many buyer/seller to explode either side to take out respective SL. Or the MM may spike it both way to take out Buyer/Seller or Seller/Buyer SL, which ever the sequence going to be. Going for my daily jogging. 7 km. See you later.{image}
Hello Pat

Yes, it is dangerous for me to trade this because the rules of my entry are not met, not even close. If the candles jump one way or another without me, that's ok, because I have to stick to my rules. If I ignore my rules and chase the price I will either get hurt, or I will make pips. If I make pips by ignoring my rules, may as well have no rules at all. This is a slippery slope that leads to a visit from mister margin call!! So I wait in the long grass, happy and content
I am neither brave nor stupid...I am just a part time trader
  • #719,937
  • Jan 11, 2023 3:54am Jan 11, 2023 3:54am
Looks like I was wrong
  • #719,938
  • Jan 11, 2023 3:55am Jan 11, 2023 3:55am
Quoting suhas316
Short GBP/JPY @ 161.200 Stop loss 25 pips Target 80 pips ( 160.390 )
45+ pips now

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
!! Radha Radha !!
  • #719,939
  • Jan 11, 2023 4:00am Jan 11, 2023 4:00am
...1hr closes as an inverted hammer, but 4hr closes as a bearish engulf.

4hr/1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Trader with an Edge.
  • #719,940
  • Jan 11, 2023 4:05am Jan 11, 2023 4:05am
Quoting Teek
Scalpers Paradise... {image}
What paradise are you talking Teek ?......

Look at my BP and Heart pressure.
I'm holding my peee wee wee.. while scalping.

Now I'm out, almost fainted due to high blood pressure from the last scalp......
Attached Image (click to enlarge)
Click to Enlarge Name: monitor.jpg Size: 68 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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