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Cable Update (GBPUSD)

  • #723,481
  • Jan 26, 2023 3:06am Jan 26, 2023 3:06am
sense a false breakout in a uptrend wr38 possible... cruise lower bollinger shoot up and upper shoot lower not always most of the time...see tuesday
Attached Image (click to enlarge)
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  • #723,482
  • Jan 26, 2023 3:10am Jan 26, 2023 3:10am
Quoting Indiara
I have a UJ Buy now, which is more in line with USDX at the moment. {image}
Because Mr Market is being so tricky, I will not allow any trade that has gone into profit, to come back to negative. Is against my method's rule. So, SL that was protecting UJ got eaten. This is an M5 chart so you can see better.

Until things are more clear, I will go back to the long grass and wait.

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #723,483
  • Jan 26, 2023 3:13am Jan 26, 2023 3:13am
So back from school run and I see a crazy spike up and followed by an equally crazy drop! Proper SL hunting going on!
Insane in the Brain..
  • #723,484
  • Jan 26, 2023 3:18am Jan 26, 2023 3:18am
Quoting BeeTogether
So back from school run and I see a crazy spike up and followed by an equally crazy drop! Proper SL hunting going on!
The challenge, after this type of SL hunt the market can still go either way!

Where is Pat, I would like to make some money today
  • #723,485
  • Jan 26, 2023 3:20am Jan 26, 2023 3:20am
GAME OVER
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yes yes yes
  • #723,486
  • Jan 26, 2023 3:21am Jan 26, 2023 3:21am
We should have liquidity above those highs


next week



my opinion i see february as bullish continuation as long as january remain above 1.2250
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2023-01-26_09-18-29.png Size: 25 KB
MY OPINION NOT FINANCIAL ADVISE
  • #723,487
  • Edited 3:38am Jan 26, 2023 3:21am | Edited 3:38am
Quoting Moty
GAME OVER {image} {image}
im still short 800000 8lots in the money lol take 1000 wait for more closed got in @ 1.2391


sell8.00gbpusd 1.239030.000000.000002023.01.26 11:31:261.23768-63.610.000.00991.12
  • #723,488
  • Jan 26, 2023 3:25am Jan 26, 2023 3:25am
Long cable tp 1.24400
  • #723,489
  • Jan 26, 2023 3:26am Jan 26, 2023 3:26am
looking for buy around 1.2375

market should do a lqg down
  • #723,490
  • Jan 26, 2023 3:29am Jan 26, 2023 3:29am
The Algo kicks now we short.
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My telegram: https://t.me/avidforex
  • #723,491
  • Jan 26, 2023 3:32am Jan 26, 2023 3:32am
Quoting mysterio
looking for buy around 1.2375 market should do a lqg down
target 1.2433
  • #723,492
  • Jan 26, 2023 3:35am Jan 26, 2023 3:35am
This will track the daily pivot at 2363 and then fly up to break 2450. That's the playback I see. No real lasting short anywhere!
  • #723,493
  • Jan 26, 2023 3:35am Jan 26, 2023 3:35am
Pat mentioned the 2280 area which would be the area it bounced from yesterday my thinking is if we break below we are in that “how low can you go?” territory as 2250 remains untouched since the leg up last week. Although that area 12220-80 looks quite juicy for a move up to 126 next week.
Insane in the Brain..
  • #723,494
  • Jan 26, 2023 3:37am Jan 26, 2023 3:37am
DXY,

yellow zone is weekly support.
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  • #723,495
  • Jan 26, 2023 3:38am Jan 26, 2023 3:38am
Quoting palpite
sell - 1.2374
Quoting palpite
add sell - 1.2393
trades closed - 1.2380
Together we can be strongest
Vantage Return This Month: na
  • #723,496
  • Jan 26, 2023 3:39am Jan 26, 2023 3:39am
Quoting BeeTogether
Pat mentioned the 2280 area which would be the area it bounced from yesterday my thinking is if we break below we are in that “how low can you go?” territory as 2250 remains untouched since the leg up last week. Although that area 12220-80 looks quite juicy for a move up to 126 next week.
Switch to the daily chart and yesterday's bar was a bullish engulfing bar. 22800 might be out of then picture now. First target is 2450 and then 2500 and above. My fallible opinion. But if Pat called for 22800 then it's something to take seriously.
  • #723,497
  • Jan 26, 2023 3:40am Jan 26, 2023 3:40am
Quoting mysterio
{quote} target 1.2433
i'll allow it a few pips lower but if we dont get our bounce here i'll exit.
  • #723,498
  • Jan 26, 2023 3:42am Jan 26, 2023 3:42am
Quoting dantpm
{quote} Is this the 1 hr close you were looking for?
Any 1hr or m30 candle that closes below the zone.. As a result my execution can only occur at the opening of either M30 or H1 candle
My telegram: https://t.me/avidforex
  • #723,499
  • Edited 4:05am Jan 26, 2023 3:43am | Edited 4:05am
Quoting tradexyz
{quote} im still short 800000 8lots in the money lol take 1000 wait for more closed got in @ 1.2391 sell8.00gbpusd 1.239030.000000.000002023.01.26 11:31:261.23768-63.610.000.00991.12
Attached Image (click to enlarge)
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Inflation? Dine Out Vancouver is more like deflation.

just a quick in & out reminder not recommended... to rob any bank...
  • #723,500
  • Jan 26, 2023 3:47am Jan 26, 2023 3:47am
Quoting BeeTogether
Pat mentioned the 2280 area which would be the area it bounced from yesterday my thinking is if we break below we are in that “how low can you go?” territory as 2250 remains untouched since the leg up last week. Although that area 12220-80 looks quite juicy for a move up to 126 next week.


since January not fully over and anything can happen


i will only look for buy at 1.23 1.2250

in feb i will look for buy at the low of 1.22 to 1.2150


my opinion the current move can still go up to 1.25 we shouldn't get too comfortable selling except for low risk
MY OPINION NOT FINANCIAL ADVISE
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