Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#721,101
Jan 16, 2023 12:50am Jan 16, 2023 12:50am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Profit locked. So far so good. 1.2210 for bulls

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Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#721,102
Jan 16, 2023 12:58am Jan 16, 2023 12:58am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting montygoldy

Disliked

{quote} still room to go back to day open but will take tp around 102.050… shorts on cable with postive sl{image}

Ignored

Nice Like it,
but maybe Better Look will be if you look at Bigger Picture,
History have Funny way of Repeating it Self look at Daily Chart..

"Nobody is superior, nobody is inferior, but nobody is equal either. People are simply unique, incomparable. You are you, I am I" --Osho

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Don't compare your Trades with Others

#721,103
Jan 16, 2023 12:58am Jan 16, 2023 12:58am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

I am not coming to trade today with pre mature opinion for what is going to happen
I am letting the market to tell me where it's want to go

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yes yes yes

#721,104
Edited 1:22am Jan 16, 2023 1:05am | Edited 1:22am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting Elknit

Disliked

Any thoughts about Bailey's upcoming speech?

Ignored

Yes i do

i will be Interesting and amazingly Boring..

“A wise man can learn more from a foolish question than a fool can learn from a wise answer."
Bruce Lee

Don't compare your Trades with Others

#721,105
Jan 16, 2023 1:08am Jan 16, 2023 1:08am

shakmoney
| Joined Jan 2012 | Status: Trader | 766 Posts

Quoting Moty

Disliked

I am not coming to trade today with pre mature opinion for what is going to happen I am letting the market to tell me where it's want to go {image} {image}

Ignored

thanks I did opposite

#721,106
Jan 16, 2023 1:08am Jan 16, 2023 1:08am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting Moty

Disliked

I am not coming to trade today with pre mature opinion for what is going to happen I am letting the market to tell me where it's want to go {image} {image}

Ignored

Mistake
Switched to short

yes yes yes

#721,107
Jan 16, 2023 1:17am Jan 16, 2023 1:17am

GODofMC
Joined Feb 2020 | Status: Monday-Friday | 1,161 Posts

Quoting Moty

Disliked

{quote} Mistake Switched to short

Ignored

Maybe too late look like finished retrace, unless broke asian low might go wild up again
But who knows, it forex anyway
Dollar index still struggling climbing up, and not showing any fast rejection, but in another side lack power to climb back

10000% Wannabe . -$3000 & -$4000

Gold Recovery All Time Profit: -$3,961

#721,108
Jan 16, 2023 1:20am Jan 16, 2023 1:20am

lucaswalliam
Joined Jan 2023 | Status: Trader | 483 Posts

Quoting Fardeen1209

Disliked

{quote} Mate, mind i ask, what is the 'm' after btcusd? Saw many ppl have this in their brokerage account but not mine

Ignored

It is possible that the symbol is a marker for the size of the contract.
For example, the platform I trade on will have SP500m and ND100m, while other trading instruments do not.

Just follow the trend.

#721,109
Jan 16, 2023 1:33am Jan 16, 2023 1:33am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Morning all, missed my TP by 10 pips overnight and with the drop that followed I’m not sure we will see the 12290 area high again today. A decent 60 pip drop for those that caught it. If we do see a move up then it could possibly be one that takes us over 123 let’s see how it pans out

Insane in the Brain..

#721,110
Jan 16, 2023 1:34am Jan 16, 2023 1:34am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting GODofMC

Disliked

{quote} Maybe too late look like finished retrace, unless broke asian low might go wild up again But who knows, it forex anyway Dollar index still struggling climbing up, and not showing any fast rejection, but in another side lack power to climb back

Ignored

my strategy says short

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yes yes yes

#721,111
Jan 16, 2023 1:37am Jan 16, 2023 1:37am

yelena
Joined Nov 2011 | Status: works well with lagging indicators | 937 Posts

my trades for today

B/O ( for R/S/50/00)
and enter at retrace (test of ema10)

good luck to those whole will trade NY, it's bank holiday maybe??? be careful

premature exit, but, i have to drive now.

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#721,112
Jan 16, 2023 1:38am Jan 16, 2023 1:38am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

Trying a long for 20 pips… lets see.. maybe time for a small spike lee..entry 1.22250… tp around 1.22500

Extreme gut feeling trader

#721,113
Jan 16, 2023 1:39am Jan 16, 2023 1:39am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Let see 1.2225 SL 1.2195

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#721,114
Jan 16, 2023 1:50am Jan 16, 2023 1:50am

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Closed Pound got my Target, Euro sell s Still open,
i will Sell Again because USDX is Down word Momentum in smaller charts so 20 pips retrace is very easy for Pound.. it may not, but that is enough pips for me,
https://www.myfxbook.com/members/Pip...eralgo/9935613

Bottom line, we have a revised likelihood of only a mild recession in the UK and Europe coupled with no recession at all in the US. But inflation is higher over there and the BoE and ECB are playing catch-up with the Fed. They are still hiking, and by the bigger 50 bp than the Fed’s newly measly 25 bp. The FX market wants to buy sterling and euros. Separately, the BoJ might be changing its tune next week and pressure against the 10-year is already driving the yen.
We agree with the yen story, but the UK/eurozone story is excessively optimistic. It neglects the war, for example, not to mention the relatively stronger capability of unions to get wage-push inflation and their relatively higher starting point.
Take a look at the weekly euro/dollar chart. The Schaff cycle indicator is already topping out, implying the max gain for the euro is 1.0942 (the 50% retracement) or 1.1272 (the 62%). Yes, the dollar got seriously overbought last year. But for good reasons, and those reasons can return. By mid-year, the US will still have decent growth, still-falling inflation and the highest rates anywhere. In the absence of a crisis, risk-on can still drag it down, but the minute some serious risk appears–N. Korea, Russia’s nuclear, climate crisis or an unknown unknown, the dollar becomes not only the safe haven, but a darn good one.

"A smart man makes a mistake, learns from it, and never makes that mistake again. But a wise man finds a smart man and learns from him how to avoid the mistake altogether"--Roy H Williams

Don't compare your Trades with Others