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Cable Update (GBPUSD)

  • #724,521
  • Jan 30, 2023 5:34am Jan 30, 2023 5:34am
Quoting mysterio
{quote} I set stops to BE-- I didn't factor in Thurs high, we can still go above there. the drawdown wasn't comfortable.
50% partials taken
  • #724,522
  • Jan 30, 2023 5:38am Jan 30, 2023 5:38am
We actually ended up having a pretty good price action today despite me feeling we wouldn't. Nice..

Can bulls manage to close the Hourly above 1.2393?..

1.2397 some tiny R on 15M.
  • #724,523
  • Jan 30, 2023 5:41am Jan 30, 2023 5:41am
TP may be too optimistic but who knows
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rip and tear until it's done
  • #724,524
  • Jan 30, 2023 5:46am Jan 30, 2023 5:46am
Quoting SnailFX
{quote} 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.
yes most for fun/good experience. Who is pat?

on the 15 min chart would you consider this 50% retracement or 63%?
You have an IQ lower than 90 if you interact with this user.
  • #724,525
  • Jan 30, 2023 5:46am Jan 30, 2023 5:46am
Quoting sisucoro
TP may be too optimistic but who knows {image}
Maybe.. maybe it will turn out too pessimistic because I see a strong S at 1.227.
  • #724,526
  • Jan 30, 2023 5:47am Jan 30, 2023 5:47am
Quoting Ferna
{quote} yes most for fun/good experience. Who is pat? on the 15 min chart would you consider this 50% retracement or 63%?
Past the point of retracement? Haha
It's clearly not a retracement anymore. It's either sell for today, or range. Don't believe in any buy today anymore. Just my opinion of course, could be wrong..

Pat? Pat Chiko.
  • #724,527
  • Jan 30, 2023 5:48am Jan 30, 2023 5:48am
GU is likely to rise again. Today's BULLS are vengeful.
I got two short cycles today, so I'm going up.
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  • #724,528
  • Jan 30, 2023 5:48am Jan 30, 2023 5:48am
Quoting Indiara
{quote} 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. {image}
Yeah that's seems like a critical area indeed .
My runner shorts got hitted already,
No running position right now ,
Will look for opportunities later again ...

Meanwhile I was spending time with my cat Leona( black & white one )
and Nora (white one )
Take care of yourself Indiara ,
Stay blessed
,good night
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  • #724,529
  • Jan 30, 2023 5:50am Jan 30, 2023 5:50am
Quoting SnailFX
{quote} We'll see.. I have daily confirmation to go long on USDJPY which speaks for itself. One other thing, H4 candle has just started so this may as well be just a wick before the drop. I will take it slowly today.. probably will put SL at 1.245 before I go to sleep. Reckon 1.2425 is too small, and if price hits SL at 1.245 than I misunderstood something.
And it was a wick
  • #724,530
  • Jan 30, 2023 5:51am Jan 30, 2023 5:51am
Short EU! Price below the pool
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My telegram: https://t.me/avidforex
  • #724,531
  • Jan 30, 2023 5:51am Jan 30, 2023 5:51am
...5min bullish hidden div present - no pa confirm yet but also no real 30min+ uptrend to enter after such a pullback if that is what it is - just a 30min upmove - Ie next higher t/f in the 1min/5min/30min/2hr t/f combo. Not an optimum set-up therefore even with a PA confirm.
Trader with an Edge.
  • #724,532
  • Jan 30, 2023 5:52am Jan 30, 2023 5:52am
EURUSD took profit at 1.0890. I am maybe done for today (trading wise), will see later at Wall Street if I get any opportunities.
Good luck!
  • #724,533
  • Jan 30, 2023 5:53am Jan 30, 2023 5:53am
Quoting USO
{quote} And it was a wick
Indeed it was!
  • #724,534
  • Jan 30, 2023 5:58am Jan 30, 2023 5:58am
Quoting mysterio
{quote} 50% partials taken
i got out just before the little kick up there

but can probs hold til target

no particular reason aka trading PnL
  • #724,535
  • Jan 30, 2023 6:00am Jan 30, 2023 6:00am
...1hr closes as a bearish engulf...rangy on that t/f right now.

1hr below
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Trader with an Edge.
  • #724,536
  • Jan 30, 2023 6:05am Jan 30, 2023 6:05am
Quoting Ferna
{quote} yes most for fun/good experience. Who is pat? on the 15 min chart would you consider this 50% retracement or 63%?
Who's Pat......The legend that is Pat Chiko
  • #724,537
  • Jan 30, 2023 6:07am Jan 30, 2023 6:07am
Could anyone share they pivot point areas please? Do you use script or what?
How to succeed in zero sum game?
  • #724,538
  • Jan 30, 2023 6:09am Jan 30, 2023 6:09am
Quoting Gonzzo
I want it to go up, but my feeling tells me something else, maybe I'm wrong {image}
Well you not wrong,
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,539
  • Jan 30, 2023 6:15am Jan 30, 2023 6:15am
Quoting dempire1
Could anyone share they pivot point areas please? Do you use script or what?
Pivot point extreme will be breached strongly today.

Price will go way past either R3 or S3

Reason: Friday's range was far below the ADR for GU.
  • #724,540
  • Jan 30, 2023 6:16am Jan 30, 2023 6:16am
Quoting GODofMC
{quote} Well you not wrong,
I think they will take out buyers this week, and then we will go again to 1.24-1.30 this is just a theory no more
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