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Cable Update (GBPUSD)

  • #724,501
  • Jan 30, 2023 5:07am Jan 30, 2023 5:07am
Quoting Headland
{quote} 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..
Yes, there does seem to be some variance between brokers. I tend to use the ones in the link I just posted above, but mostly the indicator i use is accurate. I'm not sure what the problem is as the brokers servers are in USA. I'll have to keep an eye on it
I am neither brave nor stupid...I am just a part time trader
  • #724,502
  • Jan 30, 2023 5:07am Jan 30, 2023 5:07am
Salam Every One. Here is my view on GBP. price should tap on a demand zone to fly towards 1.2500 area. senior please guide as i am learning.
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  • #724,503
  • Jan 30, 2023 5:08am Jan 30, 2023 5:08am
Crooky mf
You will go lower
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yes yes yes
  • #724,504
  • Jan 30, 2023 5:10am Jan 30, 2023 5:10am
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}
What is LQ? and who is the market maker?
You have an IQ lower than 90 if you interact with this user.
  • #724,505
  • Jan 30, 2023 5:12am Jan 30, 2023 5:12am
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.
The most important thing I learned is that YOU HAVE TO STICK TO YOUR STRATEGY AND BELIEVE IN IT!
This is the most important thing a trader needs to realize. You have to trust your system no matter what, even if Pat is on the other side of the trade.

Well, if Pat is Short and you're Long you might want to think about your strategy once more..

While we're here to make money, fun is also crucial in this bussiness in my opinion.
  • #724,506
  • Jan 30, 2023 5:13am Jan 30, 2023 5:13am
Quoting Mystic.
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 {image}
Update on GU short , closed 95% positions including weak position@ 1.24000 area with some gains, keeping some runner with positive sl ...

Positive sl may got hit anytime ..
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  • #724,507
  • Jan 30, 2023 5:14am Jan 30, 2023 5:14am
Quoting mysterio
Sold GU target 1.2350
I set stops to BE-- I didn't factor in Thurs high, we can still go above there. the drawdown wasn't comfortable.
  • #724,508
  • Jan 30, 2023 5:15am Jan 30, 2023 5:15am
Quoting Mystic.
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 {image}
This also H4 chart and price gets turned around every time. Just can not crack above 2450! I will have to decide soon if I will hold this trade or close it because when sleepy time comes, I like to have everything closed, win or lose.

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #724,509
  • Jan 30, 2023 5:17am Jan 30, 2023 5:17am
Anarchapulco, Mexico Weather24°C
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need some rest sunny day ahead...
  • #724,510
  • Jan 30, 2023 5:18am Jan 30, 2023 5:18am
Quoting dantpm
{quote} The day isn't over.
Ya, nice profit today without heavy floating, usually monday i got nothing
At worst floating minus
Out for a while, looking wntry at NY
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,511
  • Jan 30, 2023 5:19am Jan 30, 2023 5:19am
When R becomes S...
  • #724,512
  • Jan 30, 2023 5:21am Jan 30, 2023 5:21am
Short EURUSD at 1.09 activated.

GBPUSD retracement could end between 1.2393-1.2389. If it's a retracement, if not I expect the price to drop even lower, 5 minutes left to figure it out.
  • #724,513
  • Jan 30, 2023 5:23am Jan 30, 2023 5:23am
3 short positions with reversal aim.
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  • #724,514
  • Jan 30, 2023 5:24am Jan 30, 2023 5:24am
Quoting BrainBucks
{quote} About to blow past too
can make bulls tired
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #724,515
  • Jan 30, 2023 5:24am Jan 30, 2023 5:24am
Quoting BrainBucks
When R becomes S...
if break is confirmed . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #724,516
  • Jan 30, 2023 5:26am Jan 30, 2023 5:26am
Quoting Indiara
I will have to decide soon if I will hold this trade or close it because when sleepy time comes, I like to have everything closed, win or lose.
I closed at -4

I hope to see some direction soon, but I think that I will just stay in the long grass until power and direction comes.

I will go shower and sleep early for work tomorrow

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I am neither brave nor stupid...I am just a part time trader
  • #724,517
  • Jan 30, 2023 5:29am Jan 30, 2023 5:29am
Quoting GODofMC
{quote} From -2900 to -1700 to -1400 {image}
-2900 to -1700 to -1400 to - 661
Wish me luck
Attached Image (click to enlarge)
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,518
  • Jan 30, 2023 5:32am Jan 30, 2023 5:32am
I want it to go up, but my feeling tells me something else, maybe I'm wrong
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  • #724,519
  • Jan 30, 2023 5:32am Jan 30, 2023 5:32am
Quoting SnailFX
Short EURUSD at 1.09 activated. GBPUSD retracement could end between 1.2393-1.2389. If it's a retracement, if not I expect the price to drop even lower, 5 minutes left to figure it out.
Short from 1.24 closed at 1.23925. 30M candle closed sharp at 1.2393 with another candle first giving the wick to the downside. That's enough info for me to close this trade.

I'll leave EURUSD until 1.08881 to take profit.

Don't need two same trades going on now that EURUSD is active.
  • #724,520
  • Jan 30, 2023 5:32am Jan 30, 2023 5:32am
...probably just touched the 1hr part of that prev 1hr/4hr/v.minor sw hi zone leading ultimately to last thurs's 2429/30 hi, @ the current dly hi...that plentiful potential resistance kicked in with the sell-off so far. Could get a 1hr bearish engulf close?

1hr below
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