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Cable Update (GBPUSD)

  • #720,681
  • Jan 13, 2023 5:54am Jan 13, 2023 5:54am
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
... bad luck, the downside bearish momentum got you, and that potential order block we were discussing. Price now challenging the stops under that asian/current dly lo.

1hr below
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Trader with an Edge.
  • #720,682
  • Edited Jan 14, 2023 5:40am Jan 13, 2023 5:54am | Edited Jan 14, 2023 5:40am
so, today is a normal Friday south move
short @ 1.22100
I hope it can TP 1.205 / 1.195 as my expect soon at this round
  • #720,683
  • Jan 13, 2023 5:55am Jan 13, 2023 5:55am
Quoting Headland
{quote} 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.
I think most S&D practitioners would not call that valid demand as the leg out didn't break h1 structure, but you're saying potential so I don't think that's what you're saying

Sorry for being a stickler but I see this come up a lot and it leads to people trading invalid zones which are likely to fail--not being a dick for the sake of it lol

I've been of the view that the morning leg up was manipulation above the previous days high but, I can easily be wrong (obviously)

Partials taken and the rest can run below yesterdays low in the afternoon (i hope)
  • #720,684
  • Jan 13, 2023 5:57am Jan 13, 2023 5:57am
Game over
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yes yes yes
  • #720,685
  • Jan 13, 2023 5:58am Jan 13, 2023 5:58am
50 pips signal and counting
I will close my positions at 1.21500 area for 100$ profit
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yes yes yes
  • #720,686
  • Jan 13, 2023 5:58am Jan 13, 2023 5:58am
Quoting Georginson
{quote} 1.2325 -1.2065 1.2065 -1.2675 1.2675 - 1.2420 1.2420 - 1.3125 Short term to medium term... (January to April 2023)

hello sir can we take bear strong,and bulls are fail and now we see 1.20590 or another aw,please give a sound at this moment,
  • #720,687
  • Jan 13, 2023 6:02am Jan 13, 2023 6:02am
Crunch time now as we may just be below Asia low to fuel buys

See what happens. Definitely worth collecting partials here imho
  • #720,688
  • Jan 13, 2023 6:03am Jan 13, 2023 6:03am
Quoting mysterio
{quote} I think most S&D practitioners would not call that valid demand as the leg out didn't break h1 structure, but you're saying potential so I don't think that's what you're saying Sorry for being a stickler but I see this come up a lot and it leads to people trading invalid zones which are likely to fail--not being a dick for the sake of it lol I've been of the view that the morning leg up was manipulation above the previous days high but, I can easily be wrong (obviously)
I broadly agree. All support and resistance is potential supp/sbr and resistance/rbs if challenged again, howsoever many times. Price will either,

a. Break it decisively
b. Break it after some messing around at it
c. Break it, pull back and retest it, now as potential sbr/rbs
d. Break it and then pullback inside it, ie a false 1st break
e. Decisively Reverse at it immediately
f. Reverse at it after some messing around at it.

and to some extent it is how price approaches it ( a la the Sam Siedon teachings) that may give us a clue as to which is more likely to happen re a/b -and- e/f above, (other stuff too.)
Trader with an Edge.
  • #720,689
  • Jan 13, 2023 6:04am Jan 13, 2023 6:04am
3 hours for the red news of USD

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  • #720,690
  • Jan 13, 2023 6:04am Jan 13, 2023 6:04am
Quoting Teek
{quote} Session Highs and Lows friend, time and price.
Yeah thats something i need to work on is session LQ.
I treat all the sessions the same, i saw many traders constantly said Asian H/L Liquidity sweep, Very few times i get caught between them especially if i open in Asia. Other times, when i hold from New York, majority of the time my TP already hit by the time London Open, then i relook at the chart.

Anyway, that the 2nd part of trading is risk. we need to accept when we are wrong and lose the least amount. There is always tomorrow and next decent trade
More time in the market, does not mean you trade better!
  • #720,691
  • Jan 13, 2023 6:06am Jan 13, 2023 6:06am
Quoting Headland
{quote} ... bad luck, the downside bearish momentum got you, and that potential order block we were discussing. Price now challenging the stops under that asian/current dly lo. 1hr below {image}
It went Asian Low LQ to sweep all the longs, I'm still bullish though.
More time in the market, does not mean you trade better!
  • #720,692
  • Jan 13, 2023 6:07am Jan 13, 2023 6:07am
Quoting Indigo45
GU is going to have a deeper correction and test 1.2050 Zone.{image}
I d like to be so sure as you, but I must see first GU on the way lower from 2175, let s see, GU was often to trade lower and higher the same day
  • #720,693
  • Jan 13, 2023 6:09am Jan 13, 2023 6:09am
GU: H1
My View
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Intraday Trading is an Art _ hoda
  • #720,694
  • Jan 13, 2023 6:10am Jan 13, 2023 6:10am
Quoting mysterio
{quote} I think most S&D practitioners would not call that valid demand as the leg out didn't break h1 structure, but you're saying potential so I don't think that's what you're saying Sorry for being a stickler but I see this come up a lot and it leads to people trading invalid zones which are likely to fail--not being a dick for the sake of it lol I've been of the view that the morning leg up was manipulation above the previous days high but, I can easily be wrong (obviously) Partials taken and the rest can run below yesterdays low in the...
I pretty much ignore all of that stuff and just look at how the smaller TFs are building the larger ones. I'll have a look to the left when a condition is signaled to check for a valid entry condition.

That is why early yesterday, I sold (before the bias changed to up), and today, looking for smaller TFs to go down, building the way for H8 to fall.


On M30, I already have a confirmed close below the prior low for BOS.
To free Gazans of Hamas, use whatever it takes.
  • #720,695
  • Jan 13, 2023 6:12am Jan 13, 2023 6:12am
Quoting kk300
Expecting a big drop like a stone.. provided that market wont do its itchy thing with current high... Today all of MM seats were rigged with itching powder... results are on charts... hate it when they do it this fast...
Working out real fine... yesterday asians missed all the fire works.. hope they will get yesterdays low today and more...
Buyers need to be careful.
  • #720,696
  • Jan 13, 2023 6:12am Jan 13, 2023 6:12am
Quoting mysterio
{quote} It didnt break structure though. Just a strong leg out.
I'd considered a decent close beyond the OB like today as a valid BOS.
More time in the market, does not mean you trade better!
  • #720,697
  • Jan 13, 2023 6:12am Jan 13, 2023 6:12am
Quoting Pat Chiko
{quote} Good one Teek. Same as before you're looking for possible Second Leg distribution run. GU moved SL. Target to 1.2345{image}
GU

Some position got stopped out.
Balance still open to counter attack with additional position.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,698
  • Jan 13, 2023 6:14am Jan 13, 2023 6:14am
Quoting GODofMC
{quote} 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
There are two suggestion:

  1. Lot size
  2. Target..

I checked your last trade was closed at 3.8 Pips. In case this goes wrong way, what you are going to loose and $1 trade at 30 Pips SL 30% of your account. While you are risking 30% of your Equity for just a few pips.

You need to work for risk and reward ratio and trade with smaller lots to be successful.

Please look at below chart if you earn $300 in a month for every $1000 Equity. Slow and Steady can win in forex...

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in longer Run.
  • #720,699
  • Jan 13, 2023 6:15am Jan 13, 2023 6:15am
Is time for a shower and sleep for me now as I have an early start tomorrow..last one of the week

My first week back trading for the new year and 5 wins out of 5 and my weekly target met is all I could ask for, so I am very happy. I thank the universe for helping me and I look forward to more trades next week. I hope all you NY traders do well and you finish your week with a smile

Have fun, take care and have a great weekend

See you back for Uncle Frankie on Monday

Indiara
I am neither brave nor stupid...I am just a part time trader
  • #720,700
  • Jan 13, 2023 6:16am Jan 13, 2023 6:16am
Quoting Pat Chiko
{quote} GU Some position got stopped out. Balance still open to counter attack with additional position.{image}
The bull went to sleep. I guess it was tired because of CPI
More time in the market, does not mean you trade better!
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