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Cable Update (GBPUSD)

  • #723,341
  • Jan 25, 2023 12:35pm Jan 25, 2023 12:35pm
add sell - 1.2393
Together we can be strongest
Vantage Return This Month: na
  • #723,342
  • Jan 25, 2023 12:37pm Jan 25, 2023 12:37pm
So what was the reason behind the large, fast, price spike? Was it a news event that I missed?
  • #723,343
  • Jan 25, 2023 12:37pm Jan 25, 2023 12:37pm
Be careful sellers

it's going to 1.24600
  • #723,344
  • Jan 25, 2023 12:39pm Jan 25, 2023 12:39pm
Quoting Wavegarrick
{quote} Hi Guy,Thanks for taking notice of my UJ chart. Here's the thing though. Momentum has been very strong and price smashed through my monthly support 1 at 128.376. 128.268 is the 61.8% fib retrace of the yearly swing high to low, so it is fair to think that price may reverse around here. It takes more for me to just jump into a buy trade. I need to see daily higher highs and lows with my signals lining up etc. We shall see how this pans out, Have a great weekend, Cheers {image}
UJ set for another down move. I have stopped looking for entries at these levels. I simply go with the flow.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_420.png Size: 40 KB
Trade to trade another day
  • #723,345
  • Jan 25, 2023 12:47pm Jan 25, 2023 12:47pm
Potential stop-loss hunting on the way...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.25 15M.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #723,346
  • Jan 25, 2023 12:48pm Jan 25, 2023 12:48pm
Quoting Whale
{quote} first take. {image}
-4.7
good night.
  • #723,347
  • Jan 25, 2023 12:50pm Jan 25, 2023 12:50pm
UJ I am long till 129.700 and then short
Cable long till 1.24130 and then short
  • #723,348
  • Jan 25, 2023 12:50pm Jan 25, 2023 12:50pm
After a little fall now GBPUSD starts to rollback. I believe the movement is still bullish. So even a little drawdown will not affect on the market movement.
  • #723,349
  • Jan 25, 2023 12:57pm Jan 25, 2023 12:57pm
Quoting Coreg2004
Potential stop-loss hunting on the way... {image}
3rd time's a charm?
  • #723,350
  • Jan 25, 2023 12:57pm Jan 25, 2023 12:57pm
Quoting Coreg2004
Potential stop-loss hunting on the way... {image}
You were missed!
  • #723,351
  • Jan 25, 2023 1:15pm Jan 25, 2023 1:15pm
Quoting SnailFX
{quote} 3rd time's a charm?
SnailFX, if GU closes above (b) point @1.2414 on a daily basis the short sellers might be in trouble (the dow theory).
Always trade your own plan...I don't provide trading signals.
  • #723,352
  • Edited 1:30pm Jan 25, 2023 1:16pm | Edited 1:30pm
Quoting ldp2020
So what was the reason behind the large, fast, price spike? Was it a news event that I missed?
Along the Line And Surroundings 96 traders viewing HHecht PIKE IT fight it ...need a hot oil treatment alberto tanks but no tanks ...
  • #723,353
  • Jan 25, 2023 1:18pm Jan 25, 2023 1:18pm
Break of SBR without retest , might be a chance to enter if a retest occurs.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 re-entry.png Size: 24 KB
Follow The Markets Structure - Patience and Discipline
  • #723,354
  • Jan 25, 2023 1:23pm Jan 25, 2023 1:23pm
Quoting Whale
{quote} first take. {image}
GU

Copy you.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 066.jpg Size: 87 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #723,355
  • Jan 25, 2023 1:26pm Jan 25, 2023 1:26pm
UJ

LONG
Attached Image (click to enlarge)
Click to Enlarge Name: uj 033.jpg Size: 91 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #723,356
  • Edited 1:45pm Jan 25, 2023 1:27pm | Edited 1:45pm
Quoting Coreg2004
{quote} SnailFX, if GU closes above (b) point @1.2414 on a daily basis the short sellers might be in trouble (the dow theory).
Thanks, noted!

I am very excited to see if that Wave C of the Correction Wave 4 is going to play out or not.
I think we're having a really nice 1,2,3,4,5 Wave developing. This could be huge!

5th Wave should lead us to parity no?

On your Chart, shouldn't that be Wave (E)? Meaning Wave (D) starting from the Black Line I put on the chart?

I just started learning!

On your chart, the right side, we can see that Wave 4 has failed. If we pressume that (A) was 1, (B) was 2 etc.
It failed because the "4th Wave" entered the territory of the 1st Wave aka (A).

I read in a book that if the 4th Wave enters the territory of the 1st Wave, that makes the whole concept invalid.

This is why it's all in letters right?
We are still in that correction phase I guess.

Now a new Wave is starting to form is what you're saying right? It started to form from the end of the (C) Wave I think on your chart?
This is why you need to see the price closing above 1.2414, because Waves usually start with impulsive moves?

Thanks again!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 19 KB
Click to Enlarge Name: GBPUSD Coreg.png Size: 42 KB
  • #723,357
  • Jan 25, 2023 1:29pm Jan 25, 2023 1:29pm
Quoting Coreg2004
{quote} SnailFX, if GU closes above (b) point @1.2414 on a daily basis the short sellers might be in trouble (the dow theory).
Right now GU is having a hard time getting across 1.24!
  • #723,358
  • Jan 25, 2023 1:33pm Jan 25, 2023 1:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 j25 mm.png Size: 41 KB


back to Day or Knight where ever ur bounderies ...road less travelled...
  • #723,359
  • Jan 25, 2023 1:38pm Jan 25, 2023 1:38pm
Quoting dantpm
{quote} Right now GU is having a hard time getting across 1.24!
20 some pips to go for this 12h to engulf the previous four 12Hs!

Meanwhile...
Attached Image (click to enlarge)
Click to Enlarge Name: frogChicken.jpg Size: 92 KB
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #723,360
  • Jan 25, 2023 1:39pm Jan 25, 2023 1:39pm
You shell not pass 1.24000 !?!?
yes yes yes
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