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Cable Update (GBPUSD)

  • #721,841
  • Jan 19, 2023 2:00am Jan 19, 2023 2:00am
Quoting Moty
{image} {image}
Here goes Moty... Moty is Energy drink in this thread.

Keep Smiling Bro
  • #721,842
  • Jan 19, 2023 2:09am Jan 19, 2023 2:09am
GU, on the hourly, price doing the sideways shuffle.
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  • #721,843
  • Jan 19, 2023 2:20am Jan 19, 2023 2:20am
Quoting Pat Chiko
{quote} Always looking forward for your hint..... Thanks Bro for the head ups. Add position on Frankfurt........ BTW, do you have any refund policy somewhere Guy ?{image}
GU

There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders.

Here's my though process on taking this Franks Scalping trades.
Chart speak better.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,844
  • Jan 19, 2023 2:21am Jan 19, 2023 2:21am
1917 short gold
  • #721,845
  • Jan 19, 2023 2:21am Jan 19, 2023 2:21am
Hi Pipcenturion,

This is actually the perfect time to visually show what I explained earlier regarding currency correlation. Correlation is close to 0.93+ hence why we have sideways right now. For a pair to move, you want negative correlation, for a pair to rally, you want high negative correlation for a sustained period of time.

Hope this helps.

Guy
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  • #721,846
  • Jan 19, 2023 2:23am Jan 19, 2023 2:23am
Quoting dantpm
I have been trying to digest some of the videos and information from Teek and the ICT. It makes a lot of sense! I still believe there is a huge role for Pat's liquidity sense in this with respect to identifying targets of potential order blocks. There has to be a better way to identify the trends and directions so that you can follow them (enter and exit). Waveskierrob's hedging strategy can also play a big role. Still looking. Still believe that an AI is going to be the best solution for figuring out how to 'find opportunities' in the logic of...
Hi Dantpm,

I'm a visual person.
This may represent 100 words essay....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,847
  • Jan 19, 2023 2:25am Jan 19, 2023 2:25am
Quoting Pat Chiko
{quote} GU There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders. Here's my though process on taking this Franks Scalping trades. Chart speak better.{image}
PAT, I still expect a sell until1.2291 at least.

A 5 minute close below 1.2328 is the confirmation for sellers.

All the best sir!
  • #721,848
  • Jan 19, 2023 2:27am Jan 19, 2023 2:27am
Quoting Pat Chiko
{quote} Hi Dantpm, I'm a visual person. This may represent 100 words essay....{image}
That is exactly what Teek, ICT and others are describing!
  • #721,849
  • Jan 19, 2023 2:28am Jan 19, 2023 2:28am
Quoting Pat Chiko
{quote} GU There's always risk trading into Frankfurt as it will do its "Head Fake" to catch FOMO traders. Here's my though process on taking this Franks Scalping trades. Chart speak better.{image}
Once trades turn positive significantly , closed WEAK position and adjust SL.
Protect capital, and getting some money to buy lunch.

Visual is always better.
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Click to Enlarge Name: gu 007.jpg Size: 139 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,850
  • Jan 19, 2023 2:33am Jan 19, 2023 2:33am
Quoting Pat Chiko
{quote} Once trades turn positive significantly , closed WEAK position and adjust SL. Protect capital, and getting some money to buy lunch. Visual is always better.{image}
GU

Partial TP by closing WEAK position.
(tiny profit to buy lunch)
Moved SL a bit.

Visually.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 008.jpg Size: 219 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,851
  • Jan 19, 2023 2:40am Jan 19, 2023 2:40am
Someone ask about gold just now.
Here's my thought, from the eye of another naked chart trader.

In Major, Momentum are still belong to team Bull, but team Bear are lurking to dominate the market if the US Index correlation is relevant.
⇒ USD remain weak, BULL win
⇒ USD respect the coming strong support, BEAR will dominate next

TG: 500ish pips more bull move, still no clear confirmation of reversal
Still, its market. No one can predict it. Move as it will, wish I can tell it to move to the left....
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  • #721,852
  • Jan 19, 2023 2:49am Jan 19, 2023 2:49am
I like the bullish candle build-up I see on the M30 chart.
  • #721,853
  • Jan 19, 2023 2:55am Jan 19, 2023 2:55am
A lot of dithering again from 12350 area and 12320. Maybe today is a breather day after all the moves we’ve seen this weak. MM are replenishing their Prozac pills
Insane in the Brain..
  • #721,854
  • Jan 19, 2023 2:57am Jan 19, 2023 2:57am
Quoting BeeTogether
A lot of dithering again from 12350 area and 12320. Maybe today is a breather day after all the moves we’ve seen this weak. MM are replenishing their Prozac pills
Or, we may have the first Super Thursday of 2023
  • #721,855
  • Jan 19, 2023 3:01am Jan 19, 2023 3:01am
GU is overall bullish but here is what I think will happen. Price will retrace up and resistance will drop it down at least for today or even Friday as well.

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wouldnt short though. Bull move too strong. Sidelines.
  • #721,856
  • Jan 19, 2023 3:03am Jan 19, 2023 3:03am
Quoting Pat Chiko
{quote} GU Partial TP by closing WEAK position. (tiny profit to buy lunch) Moved SL a bit. Visually.{image}
GU

Setting up target 1 and 2.
Once price closed above 1.23500, will moved stop to positive.

Price may take out the stop or BO above 1.23500.
It can go either way....
Next one hour, price is playing games in or head.......all in mindset.

Visual better,
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #721,857
  • Jan 19, 2023 3:26am Jan 19, 2023 3:26am
well let see where she go today..
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  • #721,858
  • Jan 19, 2023 3:28am Jan 19, 2023 3:28am
Quoting Zairul
well let see where she go today.. {image}
my target is the blue bar.. pick up some decent liquidity before a move over 124
Insane in the Brain..
  • #721,859
  • Jan 19, 2023 3:30am Jan 19, 2023 3:30am
Quoting BeeTogether
{quote} my target is the blue bar.. pick up some decent liquidity before a move over 124
There are 2 blue bars in that chart.
  • #721,860
  • Jan 19, 2023 3:32am Jan 19, 2023 3:32am
More importantly there is a chicken shortage in South Africa! Pat can they borrow some of yours??
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Insane in the Brain..
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