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Cable Update (GBPUSD)

  • #725,801
  • Feb 2, 2023 12:31pm Feb 2, 2023 12:31pm
Quoting FederalTrade
It appears there moving my threads...in view of the fact,that i'm the rel deal.
Maybe.. but since they didn't remove Pat Chiko.. who is DEFINITELY A REAL DEAL..

  • #725,802
  • Feb 2, 2023 12:32pm Feb 2, 2023 12:32pm
Give them something to talk about they'll take debaite... adapt TIFFestival or... how about .... awareness... gifted... farsi de deep what ever persian do the darEius GReat
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 f1 msrar.png Size: 41 KB
  • #725,803
  • Feb 2, 2023 12:33pm Feb 2, 2023 12:33pm
Quoting BrainBucks
{quote} That's just so nasty. Pure evil against us the occasional BULLS
In Tradingview you can add the Volumetric Colored Candles by Mellowmichel... and
the Volume-based support and resistance Zones by Tommyf1001 to a chart.
Add a currency. You can see every time the price moves up volume increases and the upward trend ends.
You have to keep changing time periods to refresh the data as some candles don't have volume info.
  • #725,804
  • Feb 2, 2023 12:37pm Feb 2, 2023 12:37pm
Short update...enjoy the drop
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD FEB2.PNG Size: 13 KB
  • #725,805
  • Feb 2, 2023 12:38pm Feb 2, 2023 12:38pm
Quoting pipfarm
{quote} Bears will go to around 2100 as this H1 move stems from a daily correction
Can you explain it on chart. For learning purpose
  • #725,806
  • Feb 2, 2023 12:44pm Feb 2, 2023 12:44pm
upper level is exhaustion/sitting liquidity...gas tank is empty, lower level is the fuel or food to take....target is up to and anywhere in-between...the arc is the size of the playing field
  • #725,807
  • Feb 2, 2023 12:46pm Feb 2, 2023 12:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 8 KB
Together we can be strongest
Vantage Return This Month: na
  • #725,808
  • Feb 2, 2023 12:48pm Feb 2, 2023 12:48pm
Stay away from short time frames...just my thoughts
  • #725,809
  • Edited 1:37pm Feb 2, 2023 1:17pm | Edited 1:37pm
Word of the Day : February 2, 2023
portend

Our Security Scan found NO open ports.

%G Security Scan complete in: 7.12 sec. Poe tin dr uhmmmmmmmm...TAPS add app's

  • #725,810
  • Feb 2, 2023 1:17pm Feb 2, 2023 1:17pm
Long at 1.22400
  • #725,811
  • Feb 2, 2023 1:31pm Feb 2, 2023 1:31pm
Quoting BrainBucks
{quote} One way or another I'm going to make some money outta counter position
BrainBucks, very good. Remember that AB=CD is a continuation pattern meaning that after correction a new high ( in our case) is expected. This pattern has a 70% winning ratio. The odds are on your side. Good luck. Note that a min corrective swing of 200 pips for GBP was reached today, so the potential upswing shouldn't be a shocker. Personally, I would feel better about long trade if the 1.2218-1.2212 zone is achieved. Keep your eyes on WL @1.2263.
Always trade your own plan...I don't provide trading signals.
  • #725,812
  • Feb 2, 2023 1:32pm Feb 2, 2023 1:32pm
Closed my Gbpusd long, will go long again at 1.22330
  • #725,813
  • Feb 2, 2023 1:33pm Feb 2, 2023 1:33pm
Quoting Houtbay
Long at 1.22400
TP?
  • #725,814
  • Feb 2, 2023 1:39pm Feb 2, 2023 1:39pm
Quoting Coreg2004
I switched to daily TF to see the broader picture {image}

Coreg similar view, a bit lower maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20230202_19.34.png Size: 24 KB
  • #725,815
  • Feb 2, 2023 1:53pm Feb 2, 2023 1:53pm
...back @ desk looking at this afternoon's action after Uk Boe Mpc reaction. Big downside move, now the 0327/1840 wkly ascending t/line is under threat.
A few minor prev 1hr sw hi's and lo's, ie pot rbs / supp respectively, Mthly Pivot, and downside fibs - between current dly lo and that prev 1hr/4hr/dly sw lo zone that extends down to 2168 with Wkly S2 near top of that pot supp zone. Both these things discussed shown on chart below.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Trader with an Edge.
  • #725,816
  • Edited 2:19pm Feb 2, 2023 1:55pm | Edited 2:19pm
Quoting Jolita
{quote} Coreg similar view, a bit lower maybe? {image}
Jolita, it would be a black swan for me and I had already seen one at 1.03. Seeing 2 in a lifetime has very low odds.
Always trade your own plan...I don't provide trading signals.
  • #725,817
  • Feb 2, 2023 1:55pm Feb 2, 2023 1:55pm
Quoting Coreg2004
{quote} BrainBucks, very good. Remember that AB=CD is a continuation pattern meaning that after correction a new high ( in our case) is expected. This pattern has a 70% winning ratio. The odds are on your side. Good luck. Note that a min corrective swing of 200 pips for GBP was reached today, so the potential upswing shouldn't be a shocker. Personally, I would feel better about long trade if the 1.2218-1.2212 zone is achieved. Keep your eyes on WL @1.2263.
BEARS be testing my resolve big time!
I might have to wave the white flag pretty soon.
  • #725,818
  • Edited 2:20pm Feb 2, 2023 1:56pm | Edited 2:20pm
Nu & Later... inter prov...With a view to tomorrow...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 f1 msrar.png Size: 41 KB
  • #725,819
  • Feb 2, 2023 1:58pm Feb 2, 2023 1:58pm
... price @ the current dly lo @ 147% 30day adr

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Trader with an Edge.
  • #725,820
  • Feb 2, 2023 2:04pm Feb 2, 2023 2:04pm
Quoting dantpm
{quote} Actually, try using two stochastic, one 12,3,3 and one 8,3,3, and make the second one dotted. It gives you more of a leading indicator.
I only use the stochastic when have consolidation and for to close the trades.. If the price is dropping or rising, stochastic is the worst indicator for to use.
Together we can be strongest
Vantage Return This Month: na
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