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Cable Update (GBPUSD)

  • #726,521
  • Feb 6, 2023 7:29am Feb 6, 2023 7:29am
Gbpusd tp 1.20900. Short at tp
  • #726,522
  • Feb 6, 2023 7:30am Feb 6, 2023 7:30am
Gbpcad tp 1.61300
  • #726,523
  • Feb 6, 2023 7:32am Feb 6, 2023 7:32am
Gold tp 1880
  • #726,524
  • Feb 6, 2023 7:35am Feb 6, 2023 7:35am
Quoting Robinhood1
Possible retracement gbpnzd at 1.9125. Trend is up though. swingtrading
The pullback after the reversal is the second phase of my strategy, which I am testing. This is extremely important because it is an indecisive moment where 99% of traders still continue in the mindset trend. Once this situation is overcome, holding the position becomes easy.
POSTMASTER
  • #726,525
  • Feb 6, 2023 7:44am Feb 6, 2023 7:44am
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yes yes yes
  • #726,526
  • Feb 6, 2023 7:49am Feb 6, 2023 7:49am
GU

Quick csalp to H4 SRF.
Going for LQ
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,527
  • Feb 6, 2023 7:59am Feb 6, 2023 7:59am
Quoting Ferna
{quote} Sounds like voodoo. But how do you calculate it? you compare 1 min to 5 min? 5 min to 15min?
Fire from "firesticks" (matches) looks like voodoo to some cultures.

You can get more information here.
To free Gazans of Hamas, use whatever it takes.
  • #726,528
  • Feb 6, 2023 8:02am Feb 6, 2023 8:02am
Quoting SnailFX
{quote} "I am still in the process of mastering the art of profitable trading, hoping one day becoming sucessful like you." Please, don't make me laugh.. hahahah . Look, here is the philosophy behind it: If I have 15M, 30M and Hourly confirming Long and price goes the other way, then I'm not interested in trading that day. I am not interested in Shorting today, as well since adding short when price has already fell this far, it's not advisable in my opinion. Even though I believe the rally is over, price still owes us 1.22 according to the...
EUR/GBP is still suspiciously signalling Short on Hourly,
I think you you will get a better read by looking at EURSUD, GBPUSD, and EURGBP together than just 1 or 2 of them.
To free Gazans of Hamas, use whatever it takes.
  • #726,529
  • Feb 6, 2023 8:07am Feb 6, 2023 8:07am
Quoting DrDave
{quote} EUR/GBP is still suspiciously signalling Short on Hourly, I think you you will get a better read by looking at EURSUD, GBPUSD, and EURGBP together than just 1 or 2 of them.
DrDave, I'll say it again, 90% of traders ignore pair and currency correlation, and yet those concepts combined with structure form the backbone of becoming a successful trader.

Guy
  • #726,530
  • Edited 8:28am Feb 6, 2023 8:11am | Edited 8:28am
Quoting Headland
{quote} Interesting, but I ask myself why would there be? Surely the so-called 'smart money' is holding short? with stops probably above 2401, retail above fri hi? Or do they want a big retrace to add? Anyways gotta trade what we see.
But remember that most orders were removed late Friday before the news. Today, MMs need to get their orders positioned back in the queue. So there can certainly be some initial smaller liquidity sweeps while they work on positioning for a larger move up.
To free Gazans of Hamas, use whatever it takes.
  • #726,531
  • Feb 6, 2023 8:13am Feb 6, 2023 8:13am
NzdUSD short
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My telegram: https://t.me/avidforex
  • #726,532
  • Feb 6, 2023 8:15am Feb 6, 2023 8:15am
Closed all my longs. Gbpusd short tp 1.20100
  • #726,533
  • Feb 6, 2023 8:15am Feb 6, 2023 8:15am
Quoting Pat Chiko
{quote} Justification of scalping based on set up. It's the filling up the gap that I'm looking at, not BULL trade. I saw on H4 the SRF zone, thus price need to fill this gap first. That's why M30 suit for this trades. {image}{image}
Very generous breakdown of info - thank you
always learning
  • #726,534
  • Feb 6, 2023 8:20am Feb 6, 2023 8:20am
Quoting DrDave
{quote} EUR/GBP is still suspiciously signalling Short on Hourly, I think you you will get a better read by looking at EURSUD, GBPUSD, and EURGBP together than just 1 or 2 of them.
Lets try a correlation problem. Eur/gbp is falling. Eur/nzd is rising. Gbpnzd is rising. gbpcad is ranging. we need nzd and cad to strenghten so gbp weakens but eur even more. Maybe?
POSTMASTER
  • #726,535
  • Feb 6, 2023 8:20am Feb 6, 2023 8:20am
Quoting Houtbay
Closed all my longs. Gbpusd short tp 1.20100
not good
  • #726,536
  • Feb 6, 2023 8:25am Feb 6, 2023 8:25am
Quoting Robinhood1
{quote} Lets try a correlation problem. Eur/gbp is falling. Eur/nzd is rising. Gbpnzd is rising. gbpcad is ranging. we need nzd and cad to strenghten so gbp weakens but eur even more. Maybe?
This could happen if eurnzd reaches around 1.711
POSTMASTER
  • #726,537
  • Feb 6, 2023 8:27am Feb 6, 2023 8:27am
Quoting Guy1969
{quote} DrDave, I'll say it again, 90% of traders ignore pair and currency correlation, and yet those concepts combined with structure form the backbone of becoming a successful trader. Guy
90% of traders ignore pair and currency correlation,
And sadly, that comes as no surpise because it is hardly taught. The readily available materials for studying trading are just regurgitations of S/R, trend lines, and indicators such as MAs, MACD, RSI, and stochastics.
To free Gazans of Hamas, use whatever it takes.
  • #726,538
  • Feb 6, 2023 8:32am Feb 6, 2023 8:32am
Quoting Pat Chiko
GU Quick csalp to H4 SRF. Going for LQ{image}
GU

Suitable set up is to view on H1 , not from M30 as per N3 posted earlier.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,539
  • Feb 6, 2023 8:33am Feb 6, 2023 8:33am
Quoting Robinhood1
{quote} Lets try a correlation problem. Eur/gbp is falling. Eur/nzd is rising. Gbpnzd is rising. gbpcad is ranging. we need nzd and cad to strenghten so gbp weakens but eur even more. Maybe?
You gave some inputs but you did not actually ask a question. So please post again with which pair you would like to see "do something" and in which direction you would like to see price move.
(Of course, I could make some guesses about what you intended, but better for you to be explicit than for me to guess.)
To free Gazans of Hamas, use whatever it takes.
  • #726,540
  • Feb 6, 2023 8:33am Feb 6, 2023 8:33am
Quoting griffc
{quote} Very generous breakdown of info - thank you
Have to watch the TF you're going to execute your N3.

Look post above.
Now the H1 demand filled for price to move up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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