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Cable Update (GBPUSD)

  • #722,941
  • Jan 24, 2023 7:20am Jan 24, 2023 7:20am
Quoting TwFXtrader
why trade gbpusd when you can trade gold
we don't know how
The market hides a perfect geometry.
  • #722,942
  • Jan 24, 2023 7:23am Jan 24, 2023 7:23am
Quoting TwFXtrader
why trade gbpusd when you can trade gold
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.
POSTMASTER
  • #722,943
  • Jan 24, 2023 7:24am Jan 24, 2023 7:24am
My text book set-up
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Lou Vincii Code
  • #722,944
  • Edited 7:50am Jan 24, 2023 7:25am | Edited 7:50am
Quoting fxsport
{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?
Thanks for the Q ...

Here's the link when I got into the trade.
Quoting Pat Chiko
{quote} GU I copy your signal. Thanks{image}
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.
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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.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #722,945
  • Jan 24, 2023 7:26am Jan 24, 2023 7:26am
Quoting pipcenturion
{quote} Price dropped after the news release. If I am reading that "correctly" they just said BUY! BUY!! BUY!!!
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
  • #722,946
  • Jan 24, 2023 7:27am Jan 24, 2023 7:27am
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yes yes yes
  • #722,947
  • Jan 24, 2023 7:28am Jan 24, 2023 7:28am
Quoting Moty
scalp for 20 pips in long eu {image}
Congrats, hit ypur TP
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #722,948
  • Jan 24, 2023 7:28am Jan 24, 2023 7:28am
Quoting FulMargnAlch
{quote} we don't know how
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
  • #722,949
  • Jan 24, 2023 7:31am Jan 24, 2023 7:31am
Quoting GODofMC
{quote} Congrats, hit ypur TP
Quoting Moty
{image}
Yhis could be bottom, or middle, but good luck
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #722,950
  • Jan 24, 2023 7:35am Jan 24, 2023 7:35am
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Together we can be strongest
Vantage Return This Month: na
  • #722,951
  • Jan 24, 2023 7:35am Jan 24, 2023 7:35am
Quoting Robinhood1
{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.
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
  • #722,952
  • Jan 24, 2023 7:35am Jan 24, 2023 7:35am
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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Follow The Markets Structure - Patience and Discipline
  • #722,953
  • Jan 24, 2023 7:36am Jan 24, 2023 7:36am
Quoting TwFXtrader
{quote} 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
thank you.
The market hides a perfect geometry.
  • #722,954
  • Jan 24, 2023 7:41am Jan 24, 2023 7:41am
Quoting jasmccarty59
Say hello to my first entry here. I'm still new here, any criticism are welcome. Sell limit in both supply area above, target price drop fully to the ground level where the compression started. Yes its sounds dreamy but the market is the way it is, move as it will not by my or your instruction. {image}
Been 100 pips since, collect some and let the remaining on 'set n forget' mode..

Happy pippings to everyone here
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  • #722,955
  • Jan 24, 2023 7:41am Jan 24, 2023 7:41am
Quoting DrDave
{quote} Everyone has the right to explain his point of view in a respectful manner. Sorry, but no. You added a condition to free speech that does not exist. Everyone has the right to explain his point of view in whatever manner that HE chooses. He can even choose to do it in a manner that is in violation of the law.
Yeah, you are right, for me these people are no different from animals.
End of discussing, cause aint use my time on a free speech characteristics
More time in the market, does not mean you trade better!
  • #722,956
  • Jan 24, 2023 7:42am Jan 24, 2023 7:42am
Quoting Pat Chiko
{quote} GU I copy your signal. Thanks{image}
Nice set up
  • #722,957
  • Jan 24, 2023 7:45am Jan 24, 2023 7:45am
Quoting FulMargnAlch
{quote} thank you.

but if you are new gbpusd might be easier for you in the first year
i do feel like gold is harder to master

because i am not a good trader at all I'm just good at finding opportunities that's all
  • #722,958
  • Jan 24, 2023 7:45am Jan 24, 2023 7:45am
breaking 1.2245 could definitely send this sh&t down
POSTMASTER
  • #722,959
  • Jan 24, 2023 7:50am Jan 24, 2023 7:50am
GBP... Support @ 1.2285 1.2250 1.2230 on M30
  • #722,960
  • Jan 24, 2023 7:54am Jan 24, 2023 7:54am
No corrections untill now
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