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Cable Update (GBPUSD)

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  • Post #722,941
  • Quote
  • Jan 24, 2023 8:09am Jan 24, 2023 8:09am
  •  GODofMC
  • Joined Feb 2020 | Status: Member | 487 Posts | Online Now
Quoting Pat Chiko
Disliked
{quote} GU End of scalping as per set target.{image}
Ignored
Supperrrr
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: 224
 
1
  • Post #722,942
  • Quote
  • Jan 24, 2023 8:12am Jan 24, 2023 8:12am
  •  Robinhood1
  • Joined Dec 2011 | Status: Postmaster | 10,416 Posts
Quoting Moty
Disliked
1.23000 is not goona hold {image}
Ignored
Its at the only true gap if we look down to the 1.03xx low so i do not know the outcome.

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PHASE II running 666
1
 
  • Post #722,943
  • Quote
  • Jan 24, 2023 8:12am Jan 24, 2023 8:12am
  •  palpite
  • Joined Sep 2015 | Status: Under Pressure | 3,790 Posts
buy again - 1.2284
Together we can be strongest
 
3
  • Post #722,944
  • Quote
  • Jan 24, 2023 8:13am Jan 24, 2023 8:13am
  •  Robinhood1
  • Joined Dec 2011 | Status: Postmaster | 10,416 Posts
Quoting Robinhood1
Disliked
{quote} Its at the only true gap if we look down to the 1.03xx low so i do not know the outcome. {image}
Ignored
It might fill it, retrace a bit and if it breaks it next time down we go. Not sure, just an opinion.
PHASE II running 666
1
 
  • Post #722,945
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  • Jan 24, 2023 8:15am Jan 24, 2023 8:15am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,555 Posts
Today seems to be free fall day. Structure favoured bears to be honest and they made the most of it and also hit my SL at 2300. Bloody bears!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
5
  • Post #722,946
  • Quote
  • Jan 24, 2023 8:15am Jan 24, 2023 8:15am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 11,969 Posts
Quoting Pat Chiko
Disliked
{quote} GU End of scalping as per set target.{image}
Ignored
GU

Regroup for next attack ?
Attached Image (click to enlarge)
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I come from the future.
 
8
  • Post #722,947
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  • Jan 24, 2023 8:19am Jan 24, 2023 8:19am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 3,575 Posts
Quoting Pat Chiko
Disliked
{quote} GU Regroup for next attack ?{image}
Ignored
Pat I'm going to ask a silly question but if I don't ask I won't know will I?

Based on your 4 hour chart:

1. Do you place a sell order around 123.40 or do you set an alarm to tell you when that hits?

2. When you expect a downturn (TP = 122.06) do you ever "scalp" a long as well and if so how tight a stop/leash?
...because you never know - until you do!
 
1
  • Post #722,948
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  • Jan 24, 2023 8:19am Jan 24, 2023 8:19am
  •  pipcenturion
  • Joined May 2013 | Status: Member | 1,507 Posts
Quoting Pat Chiko
Disliked
{quote} GU End of scalping as per set target.{image}
Ignored
There goes the amazing PAT again.

Absolutely beautiful!!!

You rock man!
1
4
  • Post #722,949
  • Quote
  • Jan 24, 2023 8:20am Jan 24, 2023 8:20am
  •  FulMargnAlch
  • | Joined Aug 2022 | Status: Member | 355 Posts | Online Now
Quoting TwFXtrader
Disliked
why trade gbpusd when you can trade gold
Ignored
we don't know how
 
1
  • Post #722,950
  • Quote
  • Jan 24, 2023 8:23am Jan 24, 2023 8:23am
  •  Robinhood1
  • Joined Dec 2011 | Status: Postmaster | 10,416 Posts
Quoting TwFXtrader
Disliked
why trade gbpusd when you can trade gold
Ignored
Yes, i made this question some time back except where you mentioned gold i mentioned any pair. It is amazing to see how crowded is this thread and why cable. Good question. And sometimes you get told off posting other than GU. Some kind of magic has cable.
PHASE II running 666
 
 
  • Post #722,951
  • Quote
  • Jan 24, 2023 8:24am Jan 24, 2023 8:24am
  •  RemyLou
  • Joined Sep 2022 | Status: Apprentice | 156 Posts
My text book set-up
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Lou Vincii Code
 
4
  • Post #722,952
  • Quote
  • Edited 8:50am Jan 24, 2023 8:25am | Edited 8:50am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 11,969 Posts
Quoting fxsport
Disliked
{quote} Pat I'm going to ask a silly question but if I don't ask I won't know will I? Based on your 4 hour chart: 1. Do you place a sell order around 123.40 or do you set an alarm to tell you when that hits? 2. When you expect a downturn (TP = 122.06) do you ever "scalp" a long as well and if so how tight a stop/leash?
Ignored
Thanks for the Q ...

Here's the link when I got into the trade.
Quoting Pat Chiko
Disliked
{quote} GU I copy your signal. Thanks{image}
Ignored
I reproduce the exact chart when I enter the trade.
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Just tell me what do you see on the candle before I hit my N3 ?

Edit.
This H1 chart show the exact N3.
Attached Image (click to enlarge)
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Size: 106 KB

What do you see before my N3?

EDIT 2
All started from this post (initial set up)
https://www.forexfactory.com/thread/...1#post14296791
Chart
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I come from the future.
 
8
  • Post #722,953
  • Quote
  • Jan 24, 2023 8:26am Jan 24, 2023 8:26am
  •  Erto
  • Joined Feb 2020 | Status: Member | 467 Posts
Quoting pipcenturion
Disliked
{quote} Price dropped after the news release. If I am reading that "correctly" they just said BUY! BUY!! BUY!!!
Ignored
Well when disaster happens we run to safe heaven "dollar". In case of GBPUSD then sell cause dollar will gain value.

For example when COVID 19 was introduced in 2020 dollar first gain value as the pair slumbered. The market only went up after the stimulus package were introduced that's when dollar lost value and the pair went up.
I'm enjoying the wins because I was once terrified by loses
Erto All Time Return: 7.2%
 
 
  • Post #722,954
  • Quote
  • Jan 24, 2023 8:27am Jan 24, 2023 8:27am
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,222 Posts
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  • Post #722,955
  • Quote
  • Jan 24, 2023 8:28am Jan 24, 2023 8:28am
  •  GODofMC
  • Joined Feb 2020 | Status: Member | 487 Posts | Online Now
Quoting Moty
Disliked
scalp for 20 pips in long eu {image}
Ignored
Congrats, hit ypur TP
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: 224
 
 
  • Post #722,956
  • Quote
  • Jan 24, 2023 8:28am Jan 24, 2023 8:28am
  •  TwFXtrader
  • Joined Aug 2015 | Status: High leverage? Well i make money. | 509 Posts
Quoting FulMargnAlch
Disliked
{quote} we don't know how
Ignored
a secret around 5:30 PST US time gold do some crazy moves
go to the chart and find the time around 5:30 PST and see you will be shocked


when is at $1600 around 5:30 PST US time in the morning to now $1900
gold would pump 100pip- 400pip depends on the day
not always
gold have been doing this for years

right now you might want to wait for gold to dump,
but it can also go down 100-400pip around that time,
you just gotta have a good entry with small stop


i am not joking with this is enough to make you bank
 
2
  • Post #722,957
  • Quote
  • Jan 24, 2023 8:31am Jan 24, 2023 8:31am
  •  GODofMC
  • Joined Feb 2020 | Status: Member | 487 Posts | Online Now
Quoting GODofMC
Disliked
{quote} Congrats, hit ypur TP
Ignored
Quoting Moty
Disliked
{image}
Ignored
Yhis could be bottom, or middle, but good luck
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: 224
 
 
  • Post #722,958
  • Quote
  • Jan 24, 2023 8:35am Jan 24, 2023 8:35am
  •  palpite
  • Joined Sep 2015 | Status: Under Pressure | 3,790 Posts
Attached Image (click to enlarge)
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Name: palpite.png
Size: 9 KB
Together we can be strongest
 
1
  • Post #722,959
  • Quote
  • Jan 24, 2023 8:35am Jan 24, 2023 8:35am
  •  TwFXtrader
  • Joined Aug 2015 | Status: High leverage? Well i make money. | 509 Posts
Quoting Robinhood1
Disliked
{quote} Yes, i made this question some time back except where you mentioned gold i mentioned any pair. It is amazing to see how crowded is this thread and why cable. Good question. And sometimes you get told off posting other than GU. Some kind of magic has cable.
Ignored
i traded gbpusd a couple days like in 7 years and i hated it
idk maybe there is some secret sauce I don't know
that's why i am here trying to find out
 
3
  • Post #722,960
  • Quote
  • Jan 24, 2023 8:35am Jan 24, 2023 8:35am
  •  pipfarm
  • Joined Oct 2010 | Status: Member | 3,125 Posts | Online Now
Looks like a good short set up on USDCAD if anyone wants to take a look

Start with the hourly, we have a nice abc correction, take a look at 4H the trend is down, H1 looks like it is about to swing up to retest

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Size: 25 KB
Follow The Markets Structure - Patience and Discipline
 
 
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