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Cable Update (GBPUSD)

  • #724,661
  • Jan 30, 2023 9:52pm Jan 30, 2023 9:52pm
Quoting SnailFX
{quote} It's controlled by the big banks. You can call them whatever you want..
The banks are the MAJOR players, but do not CONTROL the market
Master your mind. Master Trading.
  • #724,662
  • Jan 30, 2023 10:01pm Jan 30, 2023 10:01pm
Quoting Yngwie
Sold 1.2368 SL 1.2390
Closed for +25 pips enough for warm up session
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #724,663
  • Jan 30, 2023 10:05pm Jan 30, 2023 10:05pm
Quoting KareemAliFx
{quote} The banks are the MAJOR players, but do not CONTROL the market
Yes Major. They do control it when they're in it though!
But fine, major right..
  • #724,664
  • Jan 30, 2023 10:13pm Jan 30, 2023 10:13pm
Quoting SnailFX
{quote} Yes Major. They do control it when they're in it though! But fine, major right..
ya you are correct though ! Following the central banks footsteps is how you end up being on the right side.
Master your mind. Master Trading.
  • #724,665
  • Jan 30, 2023 10:18pm Jan 30, 2023 10:18pm
Quoting pipcenturion
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.
Price has done the first part (1.2342)

Let's see whether it will do the second one before bulls step in.

The market usually plays out a PRE-WRITTEN script.

Good morning from Lagos, Nigeria.
  • #724,666
  • Jan 30, 2023 10:34pm Jan 30, 2023 10:34pm
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yes yes yes
  • #724,667
  • Jan 30, 2023 10:37pm Jan 30, 2023 10:37pm
Quoting donfriday
looking for Low near 1.23 for a buy next week have ending of the previous month and the current month that comes with strange movement Just my view {image} {image}

we are moving closer to a dangerous level for sellers


its 99% confirms 1.2250 is broken and as such my view remain bullish


i will be buying 1.23 area with good risk reward target 1.25 above
MY OPINION NOT FINANCIAL ADVISE
  • #724,668
  • Jan 30, 2023 10:51pm Jan 30, 2023 10:51pm
1.2346 temporary R.
  • #724,669
  • Jan 30, 2023 10:52pm Jan 30, 2023 10:52pm
DXY
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #724,670
  • Jan 30, 2023 11:00pm Jan 30, 2023 11:00pm
Quoting Whale
{quote} 1.2315X feel like a sweet spot for the price. I will look for buy there. nevertheless I will tp my short at 1.2336
TP hit. Waiting time
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  • #724,671
  • Jan 30, 2023 11:02pm Jan 30, 2023 11:02pm
R1 for this Hour is 1.235
R2 1.2362

S is constantly 1.227.
  • #724,672
  • Jan 30, 2023 11:05pm Jan 30, 2023 11:05pm
So tomorrow we gonna have sell if FED and Powell emphasize on the hawkish tone of further hikes, otherwise I'm seeing a big rally
I'm enjoying the wins because I was once terrified by loses
  • #724,673
  • Jan 30, 2023 11:08pm Jan 30, 2023 11:08pm
GBP event is after USD event by 15 hours . .
then it is not bad to grid BL for unlimited orders on GBPUSD . .
each 5 pips 0.01 lot . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #724,674
  • Jan 30, 2023 11:08pm Jan 30, 2023 11:08pm
Quoting Whale
{quote} TP hit. Waiting time {image}
My next play..

Probably Frankfurt/London open.

But, play by play..
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  • #724,675
  • Jan 30, 2023 11:13pm Jan 30, 2023 11:13pm
Projections from IMF

Great Britain has a negative expectation.
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  • #724,676
  • Jan 30, 2023 11:13pm Jan 30, 2023 11:13pm
The GBPJPY short position was incomplete, but I exited. Originally, I don't think there is a big trend from the perspective of D1.
I may have misjudged the exit. Can someone please tell me?
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  • #724,677
  • Jan 30, 2023 11:36pm Jan 30, 2023 11:36pm
Quoting GODofMC
{quote} I think you better draw a line this my line that i redrew from sunday Move Up actually stopped at that line, if that pass up that mean ressistent become support Draw line from higher TF as possible. My horizontal line is where candle does reversal, or higher high/lower low or something like that. {image}
Third lower line has been broken
But i dont know how to open position
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,678
  • Jan 30, 2023 11:51pm Jan 30, 2023 11:51pm
USDJPY
129.83 ought to have buyers.

The market makers might decide to keep pushing it lower so as to "slaughter" as many buyers as possible.

Whichever route they take, 129.83 is the line in the Sand.

I still expect 135 or slightly higher for this pair before the permanent bears enter.

Trade safely everyone!
  • #724,679
  • Jan 31, 2023 12:00am Jan 31, 2023 12:00am
checking pa , while usdx at one resistance also
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #724,680
  • Jan 31, 2023 12:07am Jan 31, 2023 12:07am
morning. i think its a short term buy below the last short term low but eventually we'll go onto test 1.2300-1.2310, either from the supply created around 2am uk time or 1.2380-82, I think the latter but watch the PA

buys then sells for me but, PA dependent

i think the hard limit for this bear move is around 1.2275, we are still bullish overall and we're gonna see 1.2420+ this week

Preference is to wait for sells today but there will maybe be opportunities to scalp long if conditions are met
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