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Cable Update (GBPUSD)

  • #724,401
  • Edited 1:18am Jan 30, 2023 1:04am | Edited 1:18am
Quoting Pat Chiko
GU BoE that meets this week to slow down on its rate hike cycle sooner than originally thought.{image}
Admit it was only after I posted H4 chart that you realized there is a triangle forming.

Do you know what is the same as full of shit? It's SnailFX! Haha
Jokin'!

I'm glad to see that you're also seeing the triangle which further supports my idea of 1.24 to 1.235. Thanks!

Judging on our triangles, breakout should happen today. There's not many room left in a triangle.
  • #724,402
  • Jan 30, 2023 1:20am Jan 30, 2023 1:20am
Buying from the lower trend-line of the triangle seems like a great idea today.
  • #724,403
  • Jan 30, 2023 1:21am Jan 30, 2023 1:21am
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  • #724,404
  • Jan 30, 2023 1:21am Jan 30, 2023 1:21am
Ingulfing h4 candle
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yes yes yes
  • #724,405
  • Jan 30, 2023 1:23am Jan 30, 2023 1:23am
Holding buy until 1.25 at least seems appropriate.
It's normal for price to retrace due to the fall of USD in the morning due to the news from Japan.
  • #724,406
  • Jan 30, 2023 1:24am Jan 30, 2023 1:24am
that bears have good prospects for thought
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  • #724,407
  • Jan 30, 2023 1:33am Jan 30, 2023 1:33am
Quoting Yngwie
{quote} same here. SL 1.2420
Closed 32 pips

Long 1.2372 SL 1.2350
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #724,408
  • Jan 30, 2023 1:38am Jan 30, 2023 1:38am
Quoting Yngwie
{quote} Closed 32 pips Long 1.2372 SL 1.2350
There's gotta be places where your kind would be referred to as "silent killer."
No rhyme or reason, just action. And then result.
A few pips here and there to keep stacking up your profits.
Slowly but surely... Well played!
  • #724,409
  • Jan 30, 2023 1:43am Jan 30, 2023 1:43am
Quoting BrainBucks
{quote} There's gotta be places where your kind would be referred to as "silent killer." No rhyme or reason, just action. And then result. A few pips here and there to keep stacking up your profits. Slowly but surely... Well played!
Right much more often than wrong from a fan!
  • #724,410
  • Jan 30, 2023 1:45am Jan 30, 2023 1:45am
Price should go back to 1.24 and break out should be in opposite direction possibly
  • #724,411
  • Jan 30, 2023 1:47am Jan 30, 2023 1:47am
Quoting Waveskierrob
SHORT 1.23845 no sl tp+3 ...I want ice cream
Tp hit +3....will substitute ice cream for a pot of tea ...
  • #724,412
  • Jan 30, 2023 1:55am Jan 30, 2023 1:55am
Trying a long here for 10 pips… lets see
Extreme gut feeling trader
  • #724,413
  • Jan 30, 2023 2:00am Jan 30, 2023 2:00am
I expect 1.2342 and then maybe 1.2326 before buyers will attempt to step in.

My outlook from last week has not changed a single bit.
  • #724,414
  • Jan 30, 2023 2:02am Jan 30, 2023 2:02am
So on DailyFX for FOMC they are expecting a rate rate if only 0.125 it seems as opposed to the 0.25 that’s been talked about

not sure if it’s a typo
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Insane in the Brain..
  • #724,415
  • Edited 3:41am Jan 30, 2023 2:09am | Edited 3:41am
Liquidity is a priceless asset and the market itself does not want anyone to see where the true liquidity reside. When a liquidity level is obvious then it is considered invalid.
My telegram: https://t.me/avidforex
  • #724,416
  • Jan 30, 2023 2:11am Jan 30, 2023 2:11am
Quoting Kwt4x
{quote} Hola, Uru, puedes usar el zigzag basado en el tiempo, por ejemplo: si usas M30 TF y quieres leer 6H Dow, usas la configuración de 12 en ZZ. solo recuerde, no está negociando las velas M30 TF, está negociando la lectura de 6H Dow. {imagen} saludos,
, Thanks for answering, you drove me crazy, with the explanation, I was thinking about it, and your knowledge far exceeds mine, I am not able to understand the H6? If you have a few minutes, and you can expand the explanation, I would appreciate it, I I looked at the book and I'll continue investigating, I'll find what I can find, a hug!
  • #724,417
  • Jan 30, 2023 2:16am Jan 30, 2023 2:16am
Sell added at 1.23863
  • #724,418
  • Jan 30, 2023 2:21am Jan 30, 2023 2:21am
try short
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Everything is possible but not guaranteed
  • #724,419
  • Jan 30, 2023 2:25am Jan 30, 2023 2:25am
Pound-dollar is the W top on the daily chart, but it looks like the 3 top on the 4-hour chart. Short positions are held until the lower daily bar.
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  • #724,420
  • Jan 30, 2023 2:26am Jan 30, 2023 2:26am
Quoting BeeTogether
So on DailyFX for FOMC they are expecting a rate rate if only 0.125 it seems as opposed to the 0.25 that’s been talked about not sure if it’s a typo {image}

CME still has it as 25 BP or .25%
https://www.cmegroup.com/markets/int...atch-tool.html
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