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Cable Update (GBPUSD)

  • #724,481
  • Jan 30, 2023 4:41am Jan 30, 2023 4:41am
Quoting BigNumbers
I was the only one who took the GBPUSD long. No one else did.
You're a wizard Numbers!
Keep going buddy! Nice!
  • #724,482
  • Jan 30, 2023 4:43am Jan 30, 2023 4:43am
just not to forget main numbers . .
1.2494
1.2640
. .
in 1.25xx area there is a trend point!

when you make it a pending order, you will never forget . . even if you are sleeping . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #724,483
  • Jan 30, 2023 4:43am Jan 30, 2023 4:43am
This H4 closing below 1.239 screams BEARS are in da house.
See you later people! I want to see green numbers from everybody when I come back!

1.2393 temporary S on 30M. Above that Bullish.
  • #724,484
  • Jan 30, 2023 4:44am Jan 30, 2023 4:44am
Quoting BigNumbers
I was the only one who took the GBPUSD long. No one else did.
Bruh.. i am long since 20 hours ago
But i am no one thats true


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You have an IQ lower than 90 if you interact with this user.
  • #724,485
  • Jan 30, 2023 4:46am Jan 30, 2023 4:46am
Quoting SnailFX
{quote} Nope. I am sticking to Short until either I make some profit or price hits 1.245. I don't change the strategy even if it fails, because most of the time it doesn't. That's what I learned lately. If I mess up once, fine. If I mess up twice than that means I should be out of the market, because I'm not getting the good signals.
Good risk management. What about the retracement now, is it according to fibonacci? or any other calculation?
I am just trading what i see, but trying to learn this technical stuff.
You have an IQ lower than 90 if you interact with this user.
  • #724,486
  • Jan 30, 2023 4:46am Jan 30, 2023 4:46am
Quoting BigNumbers
I was the only one who took the GBPUSD long. No one else did.
says who...
  • #724,487
  • Jan 30, 2023 4:49am Jan 30, 2023 4:49am
Quoting Indiara
{quote} Daily R1 is at 1.2416, where the price is now, and S1 is at 101.458 on USDX, which is where price is now. So one can't go up because the other can't go down!!
what broker? mine is 2427
  • #724,488
  • Jan 30, 2023 4:52am Jan 30, 2023 4:52am
Quoting randu
{quote} what broker? mine is 2427
AxiTrader (Australia), which matches this, which most people seem to use: https://www.actionforex.com/markets/pivot-points/
I am neither brave nor stupid...I am just a part time trader
  • #724,489
  • Jan 30, 2023 4:53am Jan 30, 2023 4:53am
Quoting Ferna
{quote} Good risk management. What about the retracement now, is it according to fibonacci? or any other calculation? I am just trading what i see, but trying to learn this technical stuff.
It VERY often is some Fibo level. Mostly 38.2% and 50%. This is a proper retracement, those two numbers and anything between them. Less than this I don't consider a retracement. You'll get used to it. Some ordinary (real retracement) on GBPUSD is around 30, 40 pips give or take. More than that however, only if buy or sell were strong and made above 100 pips and even more.

This 15M we had just now I don't consider a retracement. I expect around 50% Fibo or the Buy just continues and this was just a spanner thrown in.

Due to Buy being 50 pips (so far) I expect retracement to reach a little below 1.24.

Look, I don't know if this Buy is going to be awesome for Bulls or not, that's why we use SL.
  • #724,490
  • Jan 30, 2023 4:54am Jan 30, 2023 4:54am
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BP 15' --- SLs at BE +

  • #724,491
  • Jan 30, 2023 4:55am Jan 30, 2023 4:55am
Quoting SnailFX
Another short activated at 1.24153. Now we wait.. SL at 1.24500 for both. GL traders! EURUSD short order still at 1.09 sharp (not active, Sell Stop..).
Price ignored the daily LQ which I have earlier started. Below The dark D1 LQ pool is where sell can be activated. Price will keep pushing up. Then again anything can happen but it is only safe to sell below the D1 dark pool line on my chart. And now price is almost above the D1 pool the actual stop of the market marker
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My telegram: https://t.me/avidforex
  • #724,492
  • Jan 30, 2023 4:55am Jan 30, 2023 4:55am
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  • #724,493
  • Jan 30, 2023 4:57am Jan 30, 2023 4:57am
Quoting randu
{quote} what broker? mine is 2427
Actually you are correct. I looked again and you have the R1 pivot correct. I have it wrong.
I am neither brave nor stupid...I am just a part time trader
  • #724,494
  • Jan 30, 2023 4:59am Jan 30, 2023 4:59am
Quoting BigNumbers
{quote} Price ignored the daily LQ which I have earlier started. Below The dark D1 LQ pool is where sell can be activated. Price will keep pushing up. Then again anything can happen but it is only safe to sell below the D1 dark pool line on my chart. And now price is almost above the D1 pool the actual stop of the market marker {image}
Thanks for explanation!
  • #724,495
  • Jan 30, 2023 5:00am Jan 30, 2023 5:00am
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  • #724,496
  • Jan 30, 2023 5:02am Jan 30, 2023 5:02am
Update: if prices reaches 1.24 I will take profit from 1.2415 and leave that first short at 1.24 to keep going or hit SL.

SL for 1.24 trade will be lowered to 1.2425 this time, since if I don't witness a strong short now, it's going up then.
  • #724,497
  • Jan 30, 2023 5:03am Jan 30, 2023 5:03am
Quoting Indiara
{quote} Actually you are correct. I looked again and you have the R1 pivot correct. I have it wrong.
I have my standard floor pivots set by an indy but I have it set to ignore Sunday data.. My Dly R1 is 2429 on a gmt+2 price feed therefore, based on Friday's ohlc data..
Trader with an Edge.
  • #724,498
  • Jan 30, 2023 5:04am Jan 30, 2023 5:04am
Anarchapulco, Mexico Weather24°C
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  • #724,499
  • Jan 30, 2023 5:06am Jan 30, 2023 5:06am
Quoting SnailFX
Update: if prices reaches 1.24 I will take profit from 1.2415 and leave that first short at 1.24 to keep going or hit SL. SL for 1.24 trade will be lowered to 1.2425 this time, since if I don't witness a strong short now, it's going up then.
Profit from 1.2415 taken at 1.24. See you later, going to light up one now as Pat also likes to do when he wins.

EURUSD SL is at 1.0925 if short order at 1.09 gets activated.
  • #724,500
  • Jan 30, 2023 5:07am Jan 30, 2023 5:07am
GU H4 Short taken from 1.24050 - 1 24169 area from critical Resistance zone ..

SL : 30-35 pip max ..
Expected TP: 1.23900 area ,

Take care everyone
Stay blessed
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