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Cable Update (GBPUSD)

  • #726,701
  • Feb 7, 2023 2:28am Feb 7, 2023 2:28am
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yes yes yes
  • #726,702
  • Feb 7, 2023 2:29am Feb 7, 2023 2:29am
If LO want to go up, in 30mins Pre Frankfurt(PF), Frankfurt open(FO) or first 30mins in Frankfurt (After Frankfurt Open- AFO), price went to Asian Low to sweep BUY SL

If LO wants to go down, in PF, FO or AFO price always went for Asian High for sweep Asian Sell SL.

Now if any UK or Euro red news are around the corner, Things work differently. You might see price at PF,FO or AFO went to Asian high or Asian Low, then the red news push in the same direction and we get a breakout instead on reversal.
More time in the market, does not mean you trade better!
  • #726,703
  • Feb 7, 2023 2:29am Feb 7, 2023 2:29am
Quoting palpite
{quote} Target for the drop will be aound 1.1985 {image}
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Together we can be strongest
Vantage Return This Month: na
  • #726,704
  • Feb 7, 2023 2:33am Feb 7, 2023 2:33am
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Took my prfts and reversed to long. . . .

  • #726,705
  • Feb 7, 2023 2:34am Feb 7, 2023 2:34am
breakout or fakeout - or downward channel... we shall see. yet H1 and H4 are bearish, D1 inconclusive (ichimoku)
  • #726,706
  • Feb 7, 2023 2:35am Feb 7, 2023 2:35am
Quoting SnailFX
GBP/JPY 15M Chart Went Short at 159.477 SL 25 pips (159.727) TP in the gap area (I expect the gap to be closed tommorow, with logic being, today they took sellers out who were hoping price will close the gap today). GL! See you tommorow! {image}
TP-ed at 158.528. Now, we wait..
Yesterday's loss is recovered and then some!
  • #726,707
  • Feb 7, 2023 2:36am Feb 7, 2023 2:36am
Quoting Fishbones
{quote} the 1.1985 SL bullet missed you by 2 pips. doesn t matter, you are still alive…
I have removed the stop loss, it is now a swing trade for me with a target of 1.2550
Data + Stat + Risk/Emotions Management
  • #726,708
  • Feb 7, 2023 2:38am Feb 7, 2023 2:38am
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BP H. --- I expect a 100 pips move at least. . . . .

  • #726,709
  • Feb 7, 2023 2:39am Feb 7, 2023 2:39am
Quoting Georginson
{quote} I have removed the stop loss, it is now a swing trade for me with a target of 1.2550
Hi mate, ambitious target... G/L with it.
-------------------------------------

There is a repeating pattern (s) of bullish reg div in the 30min/1hr/4hr osc's @ current dly lo.
Strongish bounce up so far?
A reminder of downside fibs below
Last 30min close = pinbar

Fibs below
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Trader with an Edge.
  • #726,710
  • Feb 7, 2023 2:41am Feb 7, 2023 2:41am
Quoting Ferna
I am long. Hedges got stopped out. aiming for profit.
how did you hedge?
  • #726,711
  • Feb 7, 2023 2:42am Feb 7, 2023 2:42am
How do we know whether it is a breakout or fakeout?
By watching the chart, a fakeout is revealed only when the close is far from the Liquidity level.

Is there any trader that can please give an insight on how do we trade fakeout, especially if we are flat
More time in the market, does not mean you trade better!
  • #726,712
  • Feb 7, 2023 2:46am Feb 7, 2023 2:46am
maybe wait nearby 1.1960
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #726,713
  • Feb 7, 2023 2:48am Feb 7, 2023 2:48am
FED Powell speaks later be careful of the SPIKE
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I'm enjoying the wins because I was once terrified by loses
  • #726,714
  • Feb 7, 2023 2:48am Feb 7, 2023 2:48am
Quoting greenpips4
longs added 1990 sl of 15pips target open for now
Partials taken at 1:2 , waiting for a bigger push upwards
  • #726,715
  • Feb 7, 2023 2:51am Feb 7, 2023 2:51am
1.2038 - 1.2068 is manipulation zone. For bears it's the R ZONE.
  • #726,716
  • Feb 7, 2023 2:52am Feb 7, 2023 2:52am
Quoting Fardeen1209
How do we know whether it is a breakout or fakeout? By watching the chart, a fakeout is revealed only when the close is far from the Liquidity level. Is there any trader that can please give an insight on how do we trade fakeout, especially if we are flat
1. When a new low/high happens appx 1h before or in the 1st hour of london open, it'll often reverse.

2. You want the market to have traded down (or up) a lot in previous days. Like one sided movement. This way you know that price has exchausted. There's an
options in it where delta hedges come in but that's a little more complicated explanation.

3. and you need my model to know when the last push down was fake mark down or not (see chart)

Cheers.
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  • #726,717
  • Feb 7, 2023 2:55am Feb 7, 2023 2:55am
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yes yes yes
  • #726,718
  • Feb 7, 2023 2:56am Feb 7, 2023 2:56am
Since it has come back, I will make the lot smaller and leave it until the stop.

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  • #726,719
  • Feb 7, 2023 2:56am Feb 7, 2023 2:56am
Quoting Headland
{quote} Hi mate, ambitious target... G/L with it. ------------------------------------- There is a repeating pattern (s) of bullish reg div in the 30min/1hr/4hr osc's @ current dly lo. Strongish bounce up so far? A reminder of downside fibs below Last 30min close = pinbar Fibs below {image}
I will be worried if 1.1900 gets broken. Thanks for the information, I will look out for those levels you outlined.
Data + Stat + Risk/Emotions Management
  • #726,720
  • Feb 7, 2023 2:57am Feb 7, 2023 2:57am
real hard to make a buk just say NO wake up calls work...

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