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Cable Update (GBPUSD)

  • #720,021
  • Jan 11, 2023 7:46am Jan 11, 2023 7:46am
me as the first target 2107(done) ---below with importance I have 2080..let's see if it's known today
  • #720,022
  • Jan 11, 2023 7:49am Jan 11, 2023 7:49am
Quoting MrFanciful
Oh FFS I'm going to have to give up. I just have to admit I can't do this. I hope the dreams of everyone here get realised. I'll be thinking of you when I'm manning a checkout in Tesco in my 70's, except I won't because it'll all be automated by then.
dude it’s a correction from the crazy moves of Friday and Monday
Insane in the Brain..
  • #720,023
  • Jan 11, 2023 7:51am Jan 11, 2023 7:51am
I'm sticking to my plan.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 01.11 30M.png Size: 39 KB
Click to Enlarge Name: bullsbearishetup.PNG Size: 66 KB
Always trade your own plan...I don't provide trading signals.
  • #720,024
  • Jan 11, 2023 7:52am Jan 11, 2023 7:52am
Quoting cchin
Let's see where are we cooking with this Cable. I took that risk, added a short at 1.2112. It may seem as a pipe dream for now, but what if we just fixate that level, say 1.133? I like that number. Not saying Sunak or Hunt is going to mess things up. I just can't wrap my head around that joy and intricacies of overdoing policies. Once again, Bailey of England might come to save the day. Positions on GBPJPY and USDJPY remain unchanged. {image}
Are you day trader? what is your TP?
  • #720,025
  • Jan 11, 2023 7:54am Jan 11, 2023 7:54am
Quoting chess king
me as the first target 2107(done) ---below with importance I have 2080..let's see if it's known today
2075 weekly open

or 204x

sounds a good place

but dxy is reluctant to rise
COT: The precious data ignored
  • #720,026
  • Jan 11, 2023 7:59am Jan 11, 2023 7:59am
Quoting BeeTogether
{quote} dude it’s a correction from the crazy moves of Friday and Monday
I can tell that now in hindsight. However, I can point to plenty of places where a similar big move happened and there was no correction. In fact, you don't even need to go back a month to see one.
  • #720,027
  • Jan 11, 2023 8:00am Jan 11, 2023 8:00am
Quoting Coreg2004
I'm sticking to my plan. {image} {image}
Thanks for the chart Coreg.
Much appreciated

But I'm not an The Elliott Wave Theory traders and have difiiculty in understanding your chart.
Can you , please.... tell me like I'm a 10 years old kid.

Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,028
  • Jan 11, 2023 8:04am Jan 11, 2023 8:04am
Quoting Moty
The drop is coming Dx made a pull back to 103.045 {image}
I think that you're getting ahead of yourself.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
To free Gazans of Hamas, use whatever it takes.
  • #720,029
  • Jan 11, 2023 8:07am Jan 11, 2023 8:07am
Quoting Coreg2004
I'm sticking to my plan. {image} {image}
WPP is also close to this area...maybe an attraction
  • #720,030
  • Jan 11, 2023 8:09am Jan 11, 2023 8:09am
Quoting kuroro001
{quote} 2075 weekly open or 204x sounds a good place but dxy is reluctant to rise
2034 in max extension for today.. (maybe no serious movement until tomorrow)
  • #720,031
  • Jan 11, 2023 8:14am Jan 11, 2023 8:14am
Quoting MrFanciful
{quote} I can tell that now in hindsight. However, I can point to plenty of places where a similar big move happened and there was no correction. In fact, you don't even need to go back a month to see one.
I know… this week with the lack of any major data releases the trend is stagnant
Insane in the Brain..
  • #720,032
  • Jan 11, 2023 8:14am Jan 11, 2023 8:14am
We're in an h4 demand zone. 1.2075-1.21. there may be a case for a buy here but we'll need to see some shift in market structure on the short time frame first.
  • #720,033
  • Jan 11, 2023 8:17am Jan 11, 2023 8:17am
added more shorts
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY_2023-01-11_06-16-30.png Size: 30 KB
My telegram: https://t.me/avidforex
  • #720,034
  • Jan 11, 2023 8:18am Jan 11, 2023 8:18am
Quoting Pat Chiko
{quote} Watch 1.21000 hodl line for Bull.{image}
GU

Partial TP.
Need money to buy dinner.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 231.jpg Size: 260 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,035
  • Jan 11, 2023 8:20am Jan 11, 2023 8:20am
Attached Image (click to enlarge)
Click to Enlarge Name: A66F00A8-BFCE-4CAF-976B-3CB860CB8724.jpeg Size: 281 KB
doji so careful
  • #720,036
  • Jan 11, 2023 8:20am Jan 11, 2023 8:20am
Quoting chess king
{quote} WPP is also close to this area...maybe an attraction
chess king, I wait for min for (c) wave @1.2090 but this PA getting on my nerves.
Always trade your own plan...I don't provide trading signals.
  • #720,037
  • Jan 11, 2023 8:22am Jan 11, 2023 8:22am
Quoting mysterio
We're in an h4 demand zone. 1.2075-1.21. there may be a case for a buy here but we'll need to see some shift in market structure on the short time frame first.
Whether you enter long or short right now, you will probably just end up contributing liquidity to MM's!
If you are already in it, that's different and depends on where you are.
  • #720,038
  • Jan 11, 2023 8:24am Jan 11, 2023 8:24am
eg needs to chill the F down to let gu rise. 11 green hourly candles and blowing the 8878 top off - there's very little to stop it from making a run for it. eu also is coiling to break up. gu has been today's whipping boy but when those two start blowing up, where will little gu end up? Also, gu overnight implied volatility doubles to 24.0 meaning gu is positioned for huge whipsaw action for tomorrow's CPI and Friday's GDP news.
Hence, F-ed up price action today.
  • #720,039
  • Jan 11, 2023 8:27am Jan 11, 2023 8:27am
Quoting dantpm
{quote} Whether you enter long or short right now, you will probably just end up contributing liquidity to MM's! If you are already in it, that's different and depends on where you are.
I'm in Warsaw but how is that relevant?
  • #720,040
  • Jan 11, 2023 8:30am Jan 11, 2023 8:30am
Quoting noox
{quote} I'm in Warsaw but how is that relevant?
, yeah ok, I should have been more precise, it depends on your entry price and the direction of your trade!
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