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Cable Update (GBPUSD)

  • #720,461
  • Jan 12, 2023 12:13pm Jan 12, 2023 12:13pm
Quoting suhas316
Cable.... maybe be upside ..... let's see two times it tested fibo level ( 38.2 @ 1.20922) {image}
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!! Radha Radha !!
  • #720,462
  • Jan 12, 2023 12:24pm Jan 12, 2023 12:24pm
Quoting donfriday
irregular quarter point this is a point when they need to close an hedge position 1.2250 1.1750 regular will only happen if we see 1.25 until then we need to be smart here


here is a problem zone if weekly dont break 1.2250 i will be very careful buying...



1.1750 or else


just my opinion i only share from experience
MY OPINION NOT FINANCIAL ADVISE
  • #720,463
  • Edited 1:18pm Jan 12, 2023 12:26pm | Edited 1:18pm
Bears need weekly dollar close above 103.755
what are the odds? 24h…
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  • #720,464
  • Jan 12, 2023 12:28pm Jan 12, 2023 12:28pm
1 min doji and looking at the 5 min it’s all change I think watching for the rule
  • #720,465
  • Jan 12, 2023 12:29pm Jan 12, 2023 12:29pm
Quoting Wavegarrick
{quote} Lets face it, whether we like it or not,,,, but, the dollar has drifted below and beyond expectations, suffice to say at the start of a new daily bear trend and the first since July 2021. Retraces towards 106.4187 can be seen as sell opportunities. Am I bullish Dollar, absolutely not. It will be a slog going into new year but patience required, Cheers {image}
Usdx - We are at important confluence levels here with the yearly and 2 yearly fib retrace 50 and 61.8% fib retrace at 101.855 ish. I look forward to below 100 but remains to be seen,
Trade safe,
Cheers
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Trade to trade another day
  • #720,466
  • Jan 12, 2023 12:31pm Jan 12, 2023 12:31pm
Possibly flat correction ABC is over...
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and the DX is at support
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Always trade your own plan...I don't provide trading signals.
  • #720,467
  • Jan 12, 2023 12:32pm Jan 12, 2023 12:32pm
Quoting Wavegarrick
{quote} Usdx - We are at important confluence levels here with the yearly and 2 yearly fib retrace 50 and 61.8% fib retrace at 101.855 ish. I look forward to below 100 but remains to be seen, Trade safe, Cheers {image}

if 102 hold this week we might see 105
MY OPINION NOT FINANCIAL ADVISE
  • #720,468
  • Jan 12, 2023 12:39pm Jan 12, 2023 12:39pm
Quoting Georginson
Sold 1.2178... target 1.2059... I have seen enough today... I'm going with sell now...
Exited at 1.2222... -42 pips... I will stand aside for now to have more understanding of the price structure...
Data + Stat + Risk/Emotions Management
  • #720,469
  • Jan 12, 2023 12:43pm Jan 12, 2023 12:43pm
I was caught in a buy position for usdjyp. Stupid decision without sl. This late downmove with Gold saved my day

USDX could now be in a range of 102 - 101.80
  • #720,470
  • Jan 12, 2023 1:27pm Jan 12, 2023 1:27pm
Quoting donfriday
{quote} here is a problem zone if weekly dont break 1.2250 i will be very careful buying... 1.1750 or else just my opinion i only share from experience
Current week range is still 160 pips (1.2085 - 1.2245) as against expected minimum weekly range being 250 pips...

Bears tried to drag price below weekly open but they couldn't, now price likely to close at 1.22 area. This exposes 1.2322 area tomorrow being Friday if weekly does 250 pips...

1.2085 + 250 = 1.2335... if 2175 isn't broken tomorrow, I will expect 1.23 area.... A very difficult price action today....
Data + Stat + Risk/Emotions Management
  • #720,471
  • Jan 12, 2023 1:31pm Jan 12, 2023 1:31pm
Quoting Eren10
I was caught in a buy position for usdjyp. Stupid decision without sl. This late downmove with Gold saved my day USDX could now be in a range of 102 - 101.80
The support of USDx is more stronger at 101.79
  • #720,472
  • Jan 12, 2023 1:42pm Jan 12, 2023 1:42pm
I no more profitable for this year
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yes yes yes
  • #720,473
  • Jan 12, 2023 1:50pm Jan 12, 2023 1:50pm
Let's see what we're now with Cable.

I had added a short an hour earlier, at 1.223. Did not post here live as I was going out for a meal. Now, up to this point in time, I've opened a total of 14 trades. Floating P/L currently stood at -$337. I may look to add more to it if it goes up, but we're apporaching weekend, so I'll probably just leave it at it, until I return next week.

I'm not concern since I'm using small lot sizes, and I try to keep it low risk all along.
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  • #720,474
  • Jan 12, 2023 2:03pm Jan 12, 2023 2:03pm
Quoting cchin
Let's see what we're now with Cable. I had added a short an hour earlier, at 1.223. Did not post here live as I was going out for a meal. Now, up to this point in time, I've opened a total of 14 trades. Floating P/L currently stood at -$337. I may look to add more to it if it goes up, but we're apporaching weekend, so I'll probably just leave it at it, until I return next week. I'm not concern since I'm using small lot sizes, and I try to keep it low risk all along. {image}
Hi Chin.. Can you please tell me your TP... I want to know how far we can go with small lots... I am doing the same.. Thank You
  • #720,475
  • Jan 12, 2023 2:04pm Jan 12, 2023 2:04pm
Quoting Georginson
{quote} Current week range is still 160 pips (1.2085 - 1.2245) as against expected minimum weekly range being 250 pips... Bears tried to drag price below weekly open but they couldn't, now price likely to close at 1.22 area. This exposes 1.2322 area tomorrow being Friday if weekly does 250 pips... 1.2085 + 250 = 1.2335... if 2175 isn't broken tomorrow, I will expect 1.23 area.... A very difficult price action today....


a similar of irregular movement occurs when market is trying to liquidate a bad position this occurred in July last year between 1.17 and 1.22
yes u are right 1.23 still a possible target but as weekly or monthly don't close above 1.22 1.17 may occur


after the liquidation, you will find a power of volume with Regular movement.
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MY OPINION NOT FINANCIAL ADVISE
  • #720,476
  • Jan 12, 2023 2:05pm Jan 12, 2023 2:05pm
Quoting Indigo45
{quote} I don't know where your target will be. Is this like a Martingale strategy or something else?
Martingale? No.

Quoting Nisda_
{quote} Are you day trader? what is your TP?
Day? no.

Let me just put it this way on target. I have price targets, but I'm not bound to close at those levels.
I don't enter and exit positions on the same day. When I close a trade or trades, they usually have been open for a while. I do that out of convenience sake. There're times I do go on trade closing spree. You'll particularly find that common, say EOM, quarters. Almost never EOB.
  • #720,477
  • Jan 12, 2023 2:10pm Jan 12, 2023 2:10pm
123 not going to happen tonight maybe during Asian but not before. I’d like to see a close above 122 preferably above 12230 as a resting place. Tomorrow’s data could see a decent drop anything to show an improvement (can’t see it) then 123-124 is open
Insane in the Brain..
  • #720,478
  • Jan 12, 2023 2:22pm Jan 12, 2023 2:22pm
Quoting Waveskierrob
{quote} ...with... {image}
no need to go to work tomorrow?
  • #720,479
  • Jan 12, 2023 2:29pm Jan 12, 2023 2:29pm
Trying a short here for 20 pips aiming 1.21900…. I think asia will help in a bit of a retrace..:
Extreme gut feeling trader
  • #720,480
  • Jan 12, 2023 2:42pm Jan 12, 2023 2:42pm
EU has greater range than GU today....
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