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Cable Update (GBPUSD)

  • #725,061
  • Feb 1, 2023 4:39am Feb 1, 2023 4:39am
Quoting Pat Chiko
{quote} UJ Trading UJ is much smoother than GU. Target set for FOMC{image}
UJ

Partial TP 2

I think by the time we reach FOMc, GU still stuck there , while UJ is printing...
Attached Image (click to enlarge)
Click to Enlarge Name: uj 061.jpg Size: 217 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,062
  • Feb 1, 2023 4:43am Feb 1, 2023 4:43am
Quoting Pat Chiko
{quote} To trade GU is glamorous but no money. To trade UJ is for the money.... GU for the show UJ for the dough{image}
GU

I think, I'm going to ADD long scalp position,...
It may help to ppush price higher......
Attached Image (click to enlarge)
Click to Enlarge Name: gu 100.jpg Size: 236 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,063
  • Feb 1, 2023 4:46am Feb 1, 2023 4:46am
Quoting Pat Chiko
{quote} UJ Partial TP 2 I think by the time we reach FOMc, GU still stuck there , while UJ is printing...{image}
I'm interested in those Manufacturing numbers today.
Attached Image (click to enlarge)
Click to Enlarge Name: ISM M PMI.png Size: 31 KB
  • #725,064
  • Feb 1, 2023 4:47am Feb 1, 2023 4:47am
Quoting Pat Chiko
{quote} I donno how to trade gold. It's only GU and recently added UJ only. Other than those pairs, I'm clueless
From my recent experience in trading gold, u see bulls and bears fight very often in lower tf.

Supply and Demand / Support and Resistance is good enough for you to trade it, especially scalping. Take 30 - 50 pips.

And it tends to retest up and down a lot before major spike or crash.

Idk, any experts here? Oh and Elliotte wave doesnt work here. Barely works. Maybe sometimes.
Exhausted
  • #725,065
  • Feb 1, 2023 4:47am Feb 1, 2023 4:47am
Quoting Waveskierrob
{quote} That's not a sad face, that's a smirk ...
Bagel-guy: Everywhere i go get the same fukking smirk with the biting lip.
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #725,066
  • Feb 1, 2023 4:49am Feb 1, 2023 4:49am
Quoting SnailFX
{quote} Kind of frustrated I picked the pair that isn't moving hahah.. but alright. It happens..
It moved... then stopped.
Volume is lacking.
Exhausted
  • #725,067
  • Feb 1, 2023 4:50am Feb 1, 2023 4:50am
Quoting Pat Chiko
{quote} GU I think, I'm going to ADD long scalp position,... It may help to ppush price higher......{image}
GU

Add position, maybe it will push higher (if got luck)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 102.jpg Size: 165 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,068
  • Feb 1, 2023 4:50am Feb 1, 2023 4:50am
Quoting Pat Chiko
{quote} GU I think, I'm going to ADD long scalp position,... It may help to ppush price higher......{image}
99% of the traders would have closed the trade right now having the price move above their entry in this particular situation with this kind of price action. You're not only not closing, you are adding even more..

Did I mention 99%?
  • #725,069
  • Feb 1, 2023 4:52am Feb 1, 2023 4:52am
Gu Long..

Reason for trade
Daily level Rejected and H4 Resistance set to be broken..
M30 resistance broken and retested..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-01_02-51-21.png Size: 24 KB
My telegram: https://t.me/avidforex
  • #725,070
  • Feb 1, 2023 4:52am Feb 1, 2023 4:52am
Quoting Pat Chiko
{quote} GU I think, I'm going to ADD long scalp position,... It may help to ppush price higher......{image}
So - finally you made it - at least to BE.
But why enter so high in the first place?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 4 KB
  • #725,071
  • Feb 1, 2023 4:52am Feb 1, 2023 4:52am
Quoting Ferna
{quote} Bagel-guy: Everywhere i go get the same fukking smirk with the biting lip. https://www.youtube.com/watch?v=wTusGC1eSEA
Please, post some more of this! Haha
  • #725,072
  • Feb 1, 2023 4:55am Feb 1, 2023 4:55am
Quoting Elysion
{quote} From my recent experience in trading gold, u see bulls and bears fight very often in lower tf. Supply and Demand / Support and Resistance is good enough for you to trade it, especially scalping. Take 30 - 50 pips. And it tends to retest up and down a lot before major spike or crash.
Idk, any experts here? Oh and Elliotte wave doesnt work here.
Barely works. Maybe sometimes.
Thanks for your expert view.

I only scalping everyday, but only use H4 to scalp. I don't know how to find set up on LTF.
So , gold is difficult to trade ( for me as newbie)

"And it tends to retest up and down a lot before major spike or crash."
From your statement above, it sound like very erotic erratic pair to trade.
UP ,.... down.... a lot, spikes...... then crash..... Wow.... not for newbie ( I'm Newbie).
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,073
  • Feb 1, 2023 4:57am Feb 1, 2023 4:57am
Quoting Pat Chiko
{quote} Thanks for your expert view. I only scalping everyday, but only use H4 to scalp. I don't know how to find set up on LTF. So , gold is difficult to trade ( for me as newbie) "And it tends to retest up and down a lot before major spike or crash." From your statement above, it sound like very erotic erratic pair to trade. UP ,.... down.... a lot, spikes...... then crash..... Wow.... not for newbie ( I'm Newbie).
It looks clean in H4 if you're going for trend trading.
Ranging scalp might be difficult in H4.
Exhausted
  • #725,074
  • Feb 1, 2023 4:58am Feb 1, 2023 4:58am
Quoting SnailFX
{quote} Kind of frustrated I picked the pair that isn't moving hahah.. but alright. It happens..
Big guys are accumulating at wholesales price to later distribute it at retail price to retail guys buying for FOMC
More time in the market, does not mean you trade better!
  • #725,075
  • Feb 1, 2023 4:59am Feb 1, 2023 4:59am
Should I BE my GU long or should I wait.
It moves for a while, then pauses again
Exhausted
  • #725,076
  • Feb 1, 2023 5:00am Feb 1, 2023 5:00am
Quoting josi
{quote} So - finally you made it - at least to BE. But why enter so high in the first place? {image}
No understand your question. (Q : why enter so high in the first place?.)
What TF you're looking at to say price already high....
I'm scalping using H4.
I buy high to sell higher......(my newbie answer....)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,077
  • Feb 1, 2023 5:01am Feb 1, 2023 5:01am
Quoting Fardeen1209
{quote} Big guys are accumulating at wholesales price to later distribute it at retail price to retail guys buying for FOMC
Yeah. I mean I know it's the Fed today and didn't expect God knows what, but this today is just a disaster on GBP/USD. Literally, nothing (so far).
  • #725,078
  • Feb 1, 2023 5:02am Feb 1, 2023 5:02am
Quoting Elysion
{quote} It looks clean in H4 if you're going for trend trading. Ranging scalp might be difficult in H4.
I've been scalping using H4, as my mentor teach me.
He didn't shhow me how to trade on other TF..

So don't know how
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #725,079
  • Feb 1, 2023 5:02am Feb 1, 2023 5:02am
Range for next 8 hours imho. 4 hours for some red data doubt that will be a mover either.
Insane in the Brain..
  • #725,080
  • Feb 1, 2023 5:03am Feb 1, 2023 5:03am
Quoting Pat Chiko
{quote} No understand your question. (Q : why enter so high in the first place?.) What TF you're looking at to say price already high.... I'm scalping using H4. I buy high to sell higher......(my newbie answer....)
How do you even scalp on h4 actually. 1 candle is 4 hours. I've bern trying h1 and its doing a ok for scalps but definitely not h4 for me
Exhausted
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