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Cable Update (GBPUSD)

  • #723,501
  • Jan 26, 2023 3:49am Jan 26, 2023 3:49am
Test 1.2378 SL 1.2370
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,502
  • Jan 26, 2023 3:51am Jan 26, 2023 3:51am
Quoting pipfarm
Break of SBR without retest , might be a chance to enter if a retest occurs. {image}

Here she comes , break of structure and time for the test of resistance now support

photo is from my post yesterday

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Follow The Markets Structure - Patience and Discipline
  • #723,503
  • Jan 26, 2023 3:56am Jan 26, 2023 3:56am
The last thing I would want to do now is to trade.

We're having high impact data releases later today, US GDP and durable goods. Not forgetting, it's Thursday, so US job claims data too.

I was watching, watching.... until I, so I went shopping the last two hours during London open. There was some volatility, but not much liquidity around.

I may position into the news, but most likely, an hour after the news. We'll see... there's no rush. There're always opportunities.
  • #723,504
  • Jan 26, 2023 3:59am Jan 26, 2023 3:59am
UJ buy.
need some luck. not the best these few days.
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  • #723,505
  • Jan 26, 2023 3:59am Jan 26, 2023 3:59am
Attached Image (click to enlarge)
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yes yes yes
  • #723,506
  • Jan 26, 2023 4:09am Jan 26, 2023 4:09am
The H1 pb is our good old friend QM, Wykoff, expanding flat correction, , take a look at the structure via the 15m

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Follow The Markets Structure - Patience and Discipline
  • #723,507
  • Jan 26, 2023 4:12am Jan 26, 2023 4:12am
Quoting Yngwie
Test 1.2378 SL 1.2370
closed for +9p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,508
  • Jan 26, 2023 4:12am Jan 26, 2023 4:12am
Quoting mysterio
{quote}i'll allow it a few pips lower but if we dont get our bounce here i'll exit.
stops at be now

taking partial at 94
  • #723,509
  • Edited 4:25am Jan 26, 2023 4:14am | Edited 4:25am
Attached Image (click to enlarge)
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good day folks see u later................Word of the Day : January 26, 2023
knackeredlol
  • #723,510
  • Jan 26, 2023 4:15am Jan 26, 2023 4:15am
Quoting Mitiblotch
{quote} 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.
Above 1.2335 points at 1.25 today or tomorrow... Below 1.2335 invalidates 1.25...

Simple as ABC...
Data + Stat + Risk/Emotions Management
  • #723,511
  • Jan 26, 2023 4:22am Jan 26, 2023 4:22am
Mr Market has been difficult for me in the London session this week. I might still make my weekly target tomorrow, but if not, I will still finish in profit for the week, although the profit may be small. Tomorrow will be the key. There is no point in looking at my charts any longer, they are a mess!! I'm going to go play my guitar and relax before I have an early night in my bed

See you tomorrow....good luck everyone
Indiara
I am neither brave nor stupid...I am just a part time trader
  • #723,512
  • Jan 26, 2023 4:29am Jan 26, 2023 4:29am
Quoting mysterio
{quote}stops at be now taking partial at 94
partial taken

remainder to london high
  • #723,513
  • Jan 26, 2023 4:37am Jan 26, 2023 4:37am
Closed my Gbpusd long. Have gone short at 1.24
  • #723,514
  • Jan 26, 2023 4:39am Jan 26, 2023 4:39am
Quoting MrFanciful
what an arsehole move that was
Doubly so.
  • #723,515
  • Jan 26, 2023 4:45am Jan 26, 2023 4:45am
Quoting Indiara
Mr Market has been difficult for me in the London session this week. I might still make my weekly target tomorrow, but if not, I will still finish in profit for the week, although the profit may be small. Tomorrow will be the key. There is no point in looking at my charts any longer, they are a mess!! I'm going to go play my guitar and relax before I have an early night in my bed See you tomorrow....good luck everyone Indiara
Hello, Though you are disciplined in your trading plan...That's great. However there is always room for improvement.
I have seen almost your 5/8 trades didn't hit tp and hit SL at BE. Before Hitting BE SL, these all trades gone almost half way to target then reversed. or in other case you can close half of the position, manually.

You might think of opening two positions of half of the planned lot size (Suppose you plan 0.20 Lot, you open 0.10x2 Lot), and one trade is set to your planned TP and 2nd at or near nearest small time frame support or resistance.
Do every thing else as you plan. This way you will take half or the profit even if trade hits BE SL. This must justify that... you are already risked your capital for that trade. and in 5 out of 8 of your trades are practically closed at 1:0 risk reward ratio. You risked 1 for zero in 5 out of 8.

However... you are already doing good job.
Regards,
Kashif
  • #723,516
  • Jan 26, 2023 4:45am Jan 26, 2023 4:45am
Closing All buy on EU/GU.
Maybe reenter near NY open. Only got small pips, but worth 1/7 my monthly salary
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #723,517
  • Jan 26, 2023 4:56am Jan 26, 2023 4:56am
I'm short if next 1H candle not open above 1.2410
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,518
  • Jan 26, 2023 4:58am Jan 26, 2023 4:58am
For those that subscribe to ICT KillZone theory, the 3 am to 5 am (EST) drop in GU suggests a bearish open in NY or is it a bearish day?
  • #723,519
  • Jan 26, 2023 5:00am Jan 26, 2023 5:00am
Quoting Yngwie
I'm short if next 1H candle not open above 1.2410 {image}
The price spiked up right after your posted, someone is paying attention!

(edit )and then right back down
  • #723,520
  • Jan 26, 2023 5:02am Jan 26, 2023 5:02am
Quoting dantpm
{quote} The price spiked up right after your posted, someone is paying attention! (edit )and then right back down
hahaha. Better i'm wait NY open
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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