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Cable Update (GBPUSD)

  • #720,661
  • Jan 13, 2023 5:39am Jan 13, 2023 5:39am
Quoting Fardeen1209
{quote} Hope 1hr OB protect me
Is it valid if it didn't break h1 structure? don't think so.
  • #720,662
  • Jan 13, 2023 5:39am Jan 13, 2023 5:39am
...38.2% of the y/day lo - current dly hi move @ current p/back lo, just a pip under that prev 30min sw lo zone = prev supp = pot supp.

1hr below
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Trader with an Edge.
  • #720,663
  • Jan 13, 2023 5:41am Jan 13, 2023 5:41am
Quoting mysterio
{quote}Is it valid if it didn't break h1 structure? don't think so.
OB on 1hr tf often play out well.
More time in the market, does not mean you trade better!
  • #720,664
  • Jan 13, 2023 5:43am Jan 13, 2023 5:43am
Quoting Fardeen1209
{quote} OB on 1hr tf often play out well.
It didnt break structure though. Just a strong leg out.
  • #720,665
  • Jan 13, 2023 5:43am Jan 13, 2023 5:43am
Quoting Fardeen1209
{quote} Dont think so, its 3rd time retesting that resistance at 1.2245 level. There were massive orders at this level but majority of them were taken out on CPI thats why fall were same as the rise and 2nd retest also occurred but this, the fall is met with high buying interest at 1.2180 level, producing a HL. But there is still a low probability to reverse to 1.2203, to take LQ then up again, since 4hr candle failed to closed above those highs. Even fundamentals in favour of GU UP Let see how it played, i have protected longs
TAA DAAA
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Using Chaos to Finding Order
  • #720,666
  • Jan 13, 2023 5:43am Jan 13, 2023 5:43am
Quoting Fardeen1209
{quote} OB on 1hr tf often play out well.
Hi, where do you think the 1hr order block is?
Trader with an Edge.
  • #720,667
  • Jan 13, 2023 5:45am Jan 13, 2023 5:45am
Quoting Headland
{quote} Hi, where do you think the 1hr order block is?
That small Dzone at the current price
More time in the market, does not mean you trade better!
  • #720,668
  • Jan 13, 2023 5:45am Jan 13, 2023 5:45am
Quoting GODofMC
{quote}yay me too, i dont know to hold or cut, because almost Stopped out MC {image}
Hue risk on this much Equity...
  • #720,669
  • Jan 13, 2023 5:46am Jan 13, 2023 5:46am
Quoting Wavegarrick
{quote} Buy trades are still on for me. I could be wrong of course. {image}
With my daily pivot at 1.21826 and my monthly pivot at 1.21769 just below. I will look for reversal signals back up around this area.
Cheers.
Trade to trade another day
  • #720,670
  • Jan 13, 2023 5:48am Jan 13, 2023 5:48am
Quoting Pram808
{quote} TAA DAAA {image}
Good bro.
Keep it up.
There is time we win and sometimes we lose. But most importantly our Losses must not exceed our win, we always need (and protect) fuel in our fuel tank
More time in the market, does not mean you trade better!
  • #720,671
  • Jan 13, 2023 5:48am Jan 13, 2023 5:48am
Quoting Fardeen1209
{quote} Hope 1hr OB protect me
Gu was little above 2232, therefore the chance to go down, a strong candle at 13.23, let s see
  • #720,672
  • Jan 13, 2023 5:48am Jan 13, 2023 5:48am
Quoting mysterio
{quote} It didnt break structure though. Just a strong leg out.
So now wait to see what happens on the retrace and return down; that could give the BOS.
To free Gazans of Hamas, use whatever it takes.
  • #720,673
  • Jan 13, 2023 5:49am Jan 13, 2023 5:49am
Quoting Fardeen1209
{quote} That small Dzone at the current price
Thanks, yeh it's what I term as a previous 1hr fractal swing lo zone = prev supp = potential (pot) supp, that extends down to current 2175 dly lo, and it may contain more demand? ie it's a potential order block, ie it may contain more demand, -or- it may not.
Trader with an Edge.
  • #720,674
  • Jan 13, 2023 5:49am Jan 13, 2023 5:49am
Quoting maxi444
{quote} Gu was little above 2232, therefore the chance to go down, a strong candle at 13.23, let s see
Already stopped out now. Glad i close half of my position at 1.2240 or today will be just +4pip for me
More time in the market, does not mean you trade better!
  • #720,675
  • Jan 13, 2023 5:50am Jan 13, 2023 5:50am
Quoting DrDave
{quote}So now wait to see what happens on the retrace and return down; that could give the BOS.
I expect so if you're talking about the potential new supply. That leg out in the morning wasn't an h1 demand (i'm bearish, been selling since 1.2240)
  • #720,676
  • Jan 13, 2023 5:50am Jan 13, 2023 5:50am
GU is going to have a deeper correction and test 1.2050 Zone.
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  • #720,677
  • Jan 13, 2023 5:50am Jan 13, 2023 5:50am
Quoting Fardeen1209
What the hell bull are doing, sh*t 'bout to get real, PA just 3 pips away from Protected SL for Longs
So you put your stops underneith the obvious Asia Session Low?
Well, thank you then
Intraday Liquidity.. yummiiiiieeee
you are not expected to understand this
  • #720,678
  • Jan 13, 2023 5:52am Jan 13, 2023 5:52am
Quoting Indigo45
{quote} Hue risk on this much Equity...
Yap, i think i should cut, now two person said same thing.
Afraid it will not good for my healt and pocket
Now opening at 1/10 lot
SL 30 pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #720,679
  • Jan 13, 2023 5:53am Jan 13, 2023 5:53am
So are we just staying in 1.21-1.22 forever then?
  • #720,680
  • Edited 6:09am Jan 13, 2023 5:53am | Edited 6:09am
Quoting Fardeen1209
{quote} Already stopped out now. Glad i close half of my position at 1.2240 or today will be just +4pip for me
Session Highs and Lows friend, time and price.

Look, it's friday:
Asia builds an intraday low, engeneering shortterm Liquidity for London.
London takes out the Asia High (and the very obvious Yesterdays High), and runs down to take out the Asia Low (your Stops, that's internal Sellside Liquidity)
8:30 NY time (one hour before NY open) you enter a killzone. Price will start building after taking out the Session Low, and run the qual highs up there. If not today then monday to tuesday (pre-event).

Time and price.
Asia always engeneers shortterm Liquidity for London.
London always engeneers Liquidity for New York.
This repeats every day. If you trade intraday, these lows and highs are your targets. Try to read price in relation to session times and things become clear.

This is what happens almost every day:
- mark Asia High and Low
Frankfurt/London builds an itraday "Smart Money Reversal", taking out either the high or low. If the SMR is there, that's your London trade with target the opposite Asia High/Low. If it's not there, hands off!
- 8:30 NY time: mark the Londion High/Low, Asia should be out by then, if not and one side stays untouched, that target stays valid.
8:30-9:30 NY builds the same setup around a London High/Low. (smart money reversal) If not, hands off! If it's there, that's your NY trade with target either the leftover Asia High/Low or the fresh London High/Low.
Especialy intraday euqual Highs and Lows. That's where Retail builds Intraday Liquidity (that's where you get stopped out all the time)

Time
you are not expected to understand this
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