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Cable Update (GBPUSD)

  • #725,961
  • Feb 3, 2023 2:58am Feb 3, 2023 2:58am
Quoting Mitiblotch
{quote} I should give update about this trade. I became so busy and just checked yesterday. So price came down and took out my SL at 2284 and then went up to hit my desired 2450 and almost 2500 and now price has crashed again. I took a 100 pip loss. I was in profit many times and should have banked but left it untended. I still believe the dollar will get weak. I have put my fibs and will wait to buy at around 38.6% of the rise. Beetogether, I have been posted to University Hospital in a placed called Hairmyres Eastkilbride. Just busy this period...
the move from 124 to now took its time but at time was relentless. Hope you recover your losses quickly. How you getting on ? Hope all is well mate
Insane in the Brain..
  • #725,962
  • Feb 3, 2023 2:58am Feb 3, 2023 2:58am
Gbpusd next support is at 1.21700
  • #725,963
  • Feb 3, 2023 2:59am Feb 3, 2023 2:59am
Quoting Headland
...I think there will be a lot of traders long, particularly retail/daytraders waiting for the 'mythical' pullback to 2262 area as a target/1st target?
There WILL be a rally against the D2 down swing. I don't make predictions as to how high it will go.
To free Gazans of Hamas, use whatever it takes.
  • #725,964
  • Feb 3, 2023 3:01am Feb 3, 2023 3:01am
EUR/GBP suggest Euro will be stronger than the Pound today. I advise trading EUR/USD instead. Especially if you're looking for Long.
  • #725,965
  • Feb 3, 2023 3:04am Feb 3, 2023 3:04am
This cable trade has given me nearly 200 pips, , NFP looming today so have to decide , should i stay or should i go
Inserted Video
Follow The Markets Structure - Patience and Discipline
  • #725,966
  • Feb 3, 2023 3:05am Feb 3, 2023 3:05am
buy - 1.2188
Together we can be strongest
Vantage Return This Month: -97.0%
  • #725,967
  • Feb 3, 2023 3:07am Feb 3, 2023 3:07am
is that the only grail ?
Although the holy grail for me is the ability to be disciplined and considerate
Attached Image (click to enlarge)
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yes yes yes
  • #725,968
  • Feb 3, 2023 3:09am Feb 3, 2023 3:09am
EUR/USD Long at 1.08944

Sorry, had to share on EUR/USD Only first..
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  • #725,969
  • Feb 3, 2023 3:09am Feb 3, 2023 3:09am
very strong m15 bullish candles are forming ..
hope it shoots up
if not i have my SL intact so no worries..
  • #725,970
  • Feb 3, 2023 3:09am Feb 3, 2023 3:09am
Quoting DrDave
{quote} 1. I don't use stochastic indicator. I have previously studied it and used it. I decided that RSI gives me a bit more useful information, even though they appear to many people to give the same information. 2. I had a Trade Explorer running for over 1 year so anyone that cared to look could see every one of the over 300 trades that I made during that period. 2 losing trades. Drawdown so small that it registered 0 because the amount lost was pennies against thousands. So no need for me to post live trades and repeat what I have already shown...
In the last posts, you said are using 2 stochastic, and now you not use. Forget it, it's ok for me.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #725,971
  • Feb 3, 2023 3:10am Feb 3, 2023 3:10am
Quoting DrDave
{quote}What about the STRONG retracements that are part of the down progression???
Incoming!..
  • #725,972
  • Feb 3, 2023 3:11am Feb 3, 2023 3:11am
FOMC/BOE/NFP tripple whammy

For me this is a week to avoid and come back next week. Just a game of taking out major highs and lows. Trying to be precise is difficult and never could quite figure out how to switch gears.

Anyone else. I'm sure ones man trash is another's treasure.

Fwiw we're hanging out around 17th Jan swing low and I think 13th. So we can easily wipe these today
  • #725,973
  • Feb 3, 2023 3:12am Feb 3, 2023 3:12am
Long EUR/GBP

30M Chart..

Okay, now.. let's light up one and wait.
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  • #725,974
  • Feb 3, 2023 3:13am Feb 3, 2023 3:13am
Long at 12200 open TP and SL looking for a good pull back before further downs
Insane in the Brain..
  • #725,975
  • Feb 3, 2023 3:16am Feb 3, 2023 3:16am
Quoting mysterio
FOMC/BOE/NFP tripple whammy For me this is a week to avoid and come back next week. Just a game of taking out major highs and lows. Trying to be precise is difficult and never could quite figure out how to switch gears. Anyone else. I'm sure ones man trash is another's treasure. Fwiw we're hanging out around 17th Jan swing low and I think 13th. So we can easily wipe these today
Next Week we will probably have a "normal" price movement in view of the week after, CPI.
  • #725,976
  • Feb 3, 2023 3:17am Feb 3, 2023 3:17am
Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #725,977
  • Feb 3, 2023 3:17am Feb 3, 2023 3:17am
Quoting SnailFX
{quote} Next Week we will probably have a "normal" price movement in view of the week after, CPI.
Yea I'll be all guns blazing next week. Getting major FOMO
  • #725,978
  • Feb 3, 2023 3:17am Feb 3, 2023 3:17am
Attached Image (click to enlarge)
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yes yes yes
  • #725,979
  • Feb 3, 2023 3:18am Feb 3, 2023 3:18am
Quoting cchin
{quote} Yes, that would be the 200-SMA on weekly. I would expect it to go up to 1.15, finishing the retracement that brought us down to 0.955. Something resembling 2017 trend (in Fib levels left side of the chart). {image}
Yip, I have 1.1500 penciled in by year-end.

Cheers
Guy
  • #725,980
  • Feb 3, 2023 3:18am Feb 3, 2023 3:18am
GBP/USD (last trade) Long

15M Chart Long
30M Long
Attached Image (click to enlarge)
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