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Cable Update (GBPUSD)

  • #726,461
  • Feb 6, 2023 3:31am Feb 6, 2023 3:31am
...there may be some retail stops above Asian hi but that slight move above it failed to trigger them (?) Most of the retail short position stops will be above friday hi I am guessing. Bulls struggling to gain any upside traction right now.

1hr below
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Trader with an Edge.
  • #726,462
  • Feb 6, 2023 3:32am Feb 6, 2023 3:32am
Quoting Moty
the drop is coming {image}
totally agree the drop will come but first it should go up above 121-12140 and then drop towards 120-11950
Insane in the Brain..
  • #726,463
  • Feb 6, 2023 3:38am Feb 6, 2023 3:38am
Quoting Yngwie
Try to long 1.2055 SL 1.2025
closed for +10p

Wait for NY
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #726,464
  • Feb 6, 2023 3:50am Feb 6, 2023 3:50am
Slow start to the session. Maybe the back end of last week has left traders and MM folk a bit tired lol
Insane in the Brain..
  • #726,465
  • Feb 6, 2023 3:53am Feb 6, 2023 3:53am
Quoting BeeTogether
Slow start to the session. Maybe the back end of last week has left traders and MM folk a bit tired lol
...some nice price action scalps at extremes of this small pip range today though, - for eg look @ that 15min pinbar resulting from a test of the prev 30min sw hi zone leading to current dly hi. One side will break at some point.

15min below
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Trader with an Edge.
  • #726,466
  • Feb 6, 2023 3:56am Feb 6, 2023 3:56am
Quoting DrDave
{quote} M5/M15 have likely not completed building the H1 down swing yet, so you will probably see some drawdown before the H1/H2 return up kicks in.
Here is a visual aid with M15/M30/H1.
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To free Gazans of Hamas, use whatever it takes.
  • #726,467
  • Feb 6, 2023 3:57am Feb 6, 2023 3:57am
Quoting Headland
{quote} ...some nice price action scalps at extremes of this small pip range today though, - for eg look @ that 15min pinbar resulting from a test of the prev 30min sw hi zone leading to current dly hi. One side will break at some point. 15min below {image}
yeah some little pips, but do feel something has to give. Both sides seem pretty tired
Insane in the Brain..
  • #726,468
  • Feb 6, 2023 4:01am Feb 6, 2023 4:01am
Quoting Moty
Switched to long Ingulfing bullish candle {image}
Crooky mf
Switched to short
Tp 1.20000
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yes yes yes
  • #726,469
  • Feb 6, 2023 4:01am Feb 6, 2023 4:01am
...1hr thrust close right in the prev 1hr/v.minor prev 4hr sw lo zone

1hr below
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Trader with an Edge.
  • #726,470
  • Feb 6, 2023 4:02am Feb 6, 2023 4:02am
Quoting Headland
{quote} ...some nice price action scalps at extremes of this small pip range today though, - for eg look @ that 15min pinbar resulting from a test of the prev 30min sw hi zone leading to current dly hi. One side will break at some point. 15min below {image}
I think that we typically see some ranging after a big move because the MMs are setting up positions to return to later. Similar to a mountain climber who takes a lot of supplies at the start and along the way, caches some of them to use on his return trip down. It would not be "cost effective" for him to take all of the supplies with him throughout the entire trip.
To free Gazans of Hamas, use whatever it takes.
  • #726,471
  • Feb 6, 2023 4:07am Feb 6, 2023 4:07am
Quoting DrDave
{quote} I think that we typically see some ranging after a big move because the MMs are setting up positions to return to later. Similar to a mountain climber who takes a lot of supplies at the start and along the way, caches some of them to use on his return trip down. It would not be "cost effective" for him to take all of the supplies with him throughout the entire trip.
I M T is a chart pattern?
You have an IQ lower than 90 if you interact with this user.
  • #726,472
  • Feb 6, 2023 4:14am Feb 6, 2023 4:14am
I think sideways from now. You can go to the gym or grab a burger.
You have an IQ lower than 90 if you interact with this user.
  • #726,473
  • Feb 6, 2023 4:14am Feb 6, 2023 4:14am
Quoting Ferna
{quote} I M T is a chart pattern?
Not exactly.
Intrinsic Market Timing. This is a model that assumes every larger swing comprises multiple swings on smaller TFs. Therefore, when a smaller TF completes the "normal" number of swings that build the larger swing, it is "time" for the larger swing to end. Hence, the intrinsic nature of the timing of the swing ending.
To free Gazans of Hamas, use whatever it takes.
  • #726,474
  • Feb 6, 2023 4:15am Feb 6, 2023 4:15am
CHFJPY LONG

We should be able to catch the next liquidity
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  • #726,475
  • Feb 6, 2023 4:21am Feb 6, 2023 4:21am
Quoting BigNumbers
CHFJPY LONG We should be able to catch the next liquidity {image}
did not mean to quote apoligize
POSTMASTER
  • #726,476
  • Feb 6, 2023 4:23am Feb 6, 2023 4:23am
selling eurnzd starts at 1.7115. swingtrading
POSTMASTER
  • #726,477
  • Feb 6, 2023 4:23am Feb 6, 2023 4:23am
Quoting DrDave
{quote}Not exactly. Intrinsic Market Timing. This is a model that assumes every larger swing comprises multiple swings on smaller TFs. Therefore, when a smaller TF completes the "normal" number of swings that build the larger swing, it is "time" for the larger swing to end. Hence, the intrinsic nature of the timing of the swing ending.
Sounds like voodoo. But how do you calculate it? you compare 1 min to 5 min? 5 min to 15min?
You have an IQ lower than 90 if you interact with this user.
  • #726,478
  • Feb 6, 2023 4:27am Feb 6, 2023 4:27am
Buying gbpcad starts at 1.6000. swingtrading
POSTMASTER
  • #726,479
  • Feb 6, 2023 4:34am Feb 6, 2023 4:34am
At this point, after Thursday and Friday, if you're bearish on GU, wouldn't you want to allow the bulls to take over so you can sell at a premium?
  • #726,480
  • Feb 6, 2023 4:38am Feb 6, 2023 4:38am
Possible retracement gbpnzd at 1.9125. Trend is up though. swingtrading
POSTMASTER
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