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Cable Update (GBPUSD)

  • #721,601
  • Jan 18, 2023 3:31am Jan 18, 2023 3:31am
I have another UJ Sell, I will go to protect this early to keep my pips safe. No need to give pips back today

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #721,602
  • Jan 18, 2023 3:35am Jan 18, 2023 3:35am
Quoting Indiara
I have another UJ Sell, I will go to protect this early to keep my pips safe. No need to give pips back today {image}
That was a sudden drop! Trade protected now
Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #721,603
  • Jan 18, 2023 3:38am Jan 18, 2023 3:38am
I've closed the two trades I opened earlier today here, GBPJPY and USDJPY.

Screengrabs on both charts before I hit close.

I usually don't open and close trades within the same day. Anyway, since they both had dipped by over 100 points, I figured I might just close them. GBPJPY +130 pips. USDJPY +160 pips.
Attached Image(s) (click to enlarge)
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  • #721,604
  • Jan 18, 2023 3:38am Jan 18, 2023 3:38am
Quoting yelena
{quote} ICMarkets, Pepperstone, XT, ..... well I can see it in across any brokers, as long as using MT4 you can feed your MT4 even without changing brokers tools, options, charts, CHECK save deleted charts to reopen, MAXBARS in history 512000, MAXBARS in chart 100,000, OK close terminal, launch terminal F2, forex majors, UJ, import close terminal, launch terminal launch a new UJ chart and it should show it all the way to MARCH 2022 hope it helps
Thanks so much!
  • #721,605
  • Jan 18, 2023 3:40am Jan 18, 2023 3:40am
Quoting Guy1969
Are there any other swing traders here? Or am I the lone ranger? Just curious. Guy
Over here...!!
Resistance @ 1.23350
Waiting for Play
  • #721,606
  • Jan 18, 2023 3:42am Jan 18, 2023 3:42am
Quoting bilal1947
Expecting GU to tag the Daily OB, and sweep it Before: {image} After: {image}
Daily OB is tagged
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"Exchange of hands"
  • #721,607
  • Jan 18, 2023 3:45am Jan 18, 2023 3:45am
30 min
Attached Image (click to enlarge)
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  • #721,608
  • Jan 18, 2023 3:48am Jan 18, 2023 3:48am
CADCHF

Buy position taken.

Sentiment looks interesting on myfxbook
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  • #721,609
  • Jan 18, 2023 3:50am Jan 18, 2023 3:50am
Quoting dantpm
{quote} To pop up that high, doesn't it need a pull back here? (Watched some of the ICT videos yesterday...)
this is not scalping friend.
And no, under the given circumstances it doesn't need a pullback. (actualy they never need to do anything)
Look at the Daily chart, we had a pullback. I bought 1.195 and 1.21 three times. That was the pullback...
I don't know how often I said "1.21 is key" last week....

Intraday:
I even posted the Asia fakeout chart and said "this is not a short setup" and "the market wants to go higher, it reaches back into range to grab Discount" and I told peeps about the WHEN (BoJ Wednesday)
We have a clean range expansion, second leg distribution (spoke about that too, with charts), and we now run external Buyside.
I told you guys all week...
Attached Image (click to enlarge)
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and looking at the DXY, I am pretty confident
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you are not expected to understand this
  • #721,610
  • Jan 18, 2023 3:51am Jan 18, 2023 3:51am
Bull say "aye"
Bear say "nay"

Entire Room: "Ayyyyyyyeeeeeeee!!!"

MMs: The BULLS have it!
  • #721,611
  • Jan 18, 2023 3:54am Jan 18, 2023 3:54am
Quoting BrainBucks
Bull say "aye" Bear say "nay" Entire Room: "Ayyyyyyyeeeeeeee!!!" MMs: The BULLS have it!
Nobody said it better than John Bercow
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  • #721,612
  • Jan 18, 2023 3:56am Jan 18, 2023 3:56am
On my Cable trade, I must admit this doesn't look appetizing to many. It might even look nervy to some. We'll sort this out one way or another.

Now, I've added two more short positions to GBPUSD within the last 15 minutes, one at 1.232, and another at 1.233. I may add another if it goes to 1.235.

On my EURGBP hedge, I've closed 8 trades in profit since yesterday, added another short just just now, here.

Quick observation: UK inflation came in lower than expected, 10.5% vs 10.6%, but still too high to be desired. BOE might want to do more, but let just say, we're looking probably at a global "synchronise" rate hike/pause/cut sort of trend. UK may buck the trend, but won't stay the course for too long. Now, even UK retail price came in much weaker than market expectation. Let's see in coming days what market intends to do to the Pound.
Attached Image (click to enlarge)
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  • #721,613
  • Jan 18, 2023 3:56am Jan 18, 2023 3:56am
GU
After each BOS, the duration and length of the pullback is getting shorter on each round.
More time in the market, does not mean you trade better!
  • #721,614
  • Jan 18, 2023 3:57am Jan 18, 2023 3:57am
Cable - 180+ pips now
near

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!! Radha Radha !!
  • #721,615
  • Jan 18, 2023 3:58am Jan 18, 2023 3:58am
how can gu go up considering cpi wasnt that promising?
  • #721,616
  • Jan 18, 2023 4:01am Jan 18, 2023 4:01am
Quoting suhas316
Cable - 180+ pips now near {image}
I have not seen any candle formation on the H4 and D1 to suggest that this trend is weakening, so I'll ride this wave until month end. I expect a retrace beginning February.

Guy
  • #721,617
  • Jan 18, 2023 4:03am Jan 18, 2023 4:03am
Exact touch of my monthly res 1 at 1.23620. Possible pullback to 1.23000.
Cheers
Trade to trade another day
  • #721,618
  • Jan 18, 2023 4:04am Jan 18, 2023 4:04am
?no

heli crash
  • #721,619
  • Jan 18, 2023 4:04am Jan 18, 2023 4:04am
Quoting Fardeen1209
GU After each BOS, the duration and length of the pullback is getting shorter on each round.
2
accumulation
1.5
accumulation
1
done

not precise, but.. yeah ranges
you are not expected to understand this
  • #721,620
  • Jan 18, 2023 4:05am Jan 18, 2023 4:05am
Quoting Guy1969
{quote} I have not seen any candle formation on the H4 and D1 to suggest that this trend is weakening, so I'll ride this wave until month end. I expect a retrace beginning February. Guy
I don't know because I do not hold position that long ... maybe 2-3 days... that's it.
But I think we need to see what happens at levels 1.24301 to 1.25148
!! Radha Radha !!
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