Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting Fardeen1209
{quote} ... 3. I dont believe in any model or 'indicator' apart from the price itself using a line chart instead of a candle chart. ...
Hi Fardeen, why do you exclusively post candle charts then?
ニワトリの心が理解できなくなったとき、リベンジ
は終わります。

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-cd(M15)_2023.02.07_184732.gif Size: 37 KB
Today, you have to take the knives!!!, to be able to revoke some profit, OH!! they go to M1, OH !! don't eat di Dios!! (no one)
Quoting SnailFX
GBP/USD 15M Went long at 1.20246 SL 10 pips. TP, I don't know yet. 30M candle closing around 1.20350 is bullish. *This trade contains more risk! While 15M candle closed nicely above gray line, 30M suggests Short, while I am banking on Hourly which still suggests Long. If we get engulfing 15M candle that would be the best case scenario for Bulls. {image}
GBP/USD 30M

Went Short at 1.20175 (half lot size, to cover potential loss and because 30M confirmed Short.)
SL 20 pips.

Risky trade ended badly haha..

Forgot to screenshot..sorry. (I pressed screenshot, but it remained 15M photo..).

Anyway.. SL hit at 1.20146

Another short added at 1.20079 (No wick).

TP 1.20 for both, perhaps a little lower, we'll see..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 18 KB
Quoting sakimer
ニワトリの心が理解できなくなったとき、リベンジ は終わります。 {image}
cheers sakimer. (its to early for me to have a beer though)
Quoting Moty
{image}{image}
This indicator (close all) working well?
Quoting catch22
{quote} 2. When i said "you want" i meant that "you should wait for the market to trade down(up) a lot in previous days". It looks like you misunderstood. 3. Sure. If you say so
2. I do get your point, the market need to breath (go into a corrective phase) after an impulsive move (extended movement), and it should be like this. But many time we dont get it, because the fundamentals of the pairs worsen or improve soo much, that the corrective phase get consumed and either we get a range of equal highs/lows or a compression

3. Thanks mate, you at least show the concern and try to help. As every trader has their own trading styles and mine is naked chart with primitive tools like Support and Resistance, because if i got 1 line in my chart, it took away all my focus from what worked consistently for me

Apologized if i sound kinda rude and offensive in my previous post

Cheers Mate and wishing you green pips for your buys and red pips for your shorts
Trade at good levels or no trade at all!
  •  dantpm
  • Joined Aug 2022 | Status: Stubborn, slow but still learning! | 2,065 Posts | Online Now
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}
Trying to follow this chart. It is interesting. Confused by the probabilities of reaching the various targets if I understand correctly. Why don't they add to 1 for example? Even if the odds are incremental if you are closer to the starting point the math isn't clear to me at least at this point.
Stubborn, often slow but still learning!
Quoting 2046
{quote} Hi Fardeen, why do you exclusively post candle charts then?
Hello, idk if there is any rule in the market that said we should only used candle chart or only line chart. We are in the realm of freedom my friend, you can use whatever you seems best for you. Why use only one when you can use both for different analysis on different timeframe?
I use line chart for market structure and trade on candle chart.
Trade at good levels or no trade at all!
Quoting SnailFX
{quote} GBP/USD 30M Went Short at 1.20175 (half lot size, to cover potential loss and because 30M confirmed Short.) SL 20 pips. Risky trade ended badly haha.. Forgot to screenshot..sorry. (I pressed screenshot, but it remained 15M photo..). Anyway.. SL hit at 1.20146 Another short added at 1.20079 (No wick). TP 1.20 for both, perhaps a little lower, we'll see.. {image}
Short from 1.20175 TP-ed at 1.20014. The second one at 1.20079 I'll leave for now. Let it run..

GBP/USD 30M (second Short activated due to no wick) 1.20079 SL 1.20329 (25 pips), TP Let it run if it can..

See you later!

Hourly Chart, candle closed below yellow line.
*We could very well see lows of 1.19 today. We'll see..

Sorry for quick change from Long to Short. Whenever chances of this happening are higher then usual, I'll always warn you that trade is risky as I did.
GBP/USD H4 Chart, candle just bounced off of gray line.. until I have at least 15M showing Buy, Bears are in control for today.
GL!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 20 KB
Click to Enlarge Name: GBPUSD H1.png Size: 20 KB
Click to Enlarge Name: GBPUSD H4.png Size: 22 KB
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
I guess it depends on the timeframe u are trading. lower tf means more volatility and ranging, fakeouts.

Personally, a convincing break for me is as u mentioned a close far from "liquidity" or demand/supply level.
A bearish or bullish candlestick pattern helps too.
...conflicting - the last two 1hr closes...take your pick. Price challenging top of prev 30min sw lo zone = prev supp = pot supp, leading down to current dly lo now

1hr & 10/20/50 ema crosses - current state of, below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Click to Enlarge Name: screenshot.png Size: 1 KB
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting MrFanciful
{quote} So the US can just keep piling on the debt? The money to pay the interest has to come from somewhere. The higher the interest rate, the more money needed to pay the interest on an ever increasing debt. They can either pay it from tax revenues, of which there aren't anywhere near enough tax payers, or they can borrow more and use there new lenders to pay the old lenders, which is a ponzi scheme.
Interesting
I'm enjoying the wins because I was once terrified by loses
Erto All Time Return: 6.8%
Quoting Headland
...conflicting - the last two 1hr closes...take your pick. Price challenging top of prev 30min sw lo zone = prev supp = pot supp, leading down to current dly lo now 1hr below {image}
thinking we have seen todays high already. Nothing in the pair looking to give the bulls a break. New resistance area 12030 can’t see a break
Quoting BeeTogether
{quote} thinking we have seen todays high already. Nothing in the pair looking to give the bulls a break. New resistance area 12030 can’t see a break
It was certainly a 'fakeout' on the asian hi wasn't it (If I correctly understand what Fardeen1209 means by a 'fakeout' as opposed to beakout?) I don't imagine many sell position stops will have been hit though,? maybe some retail close above the asian hi?
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
how hard is it... download upload like light speed matters! might deGrail... need more weapons round up nuts in the UKRAINE clear all tracks CALL MAID .gov canada chop shop sui cide no tanks... no booster mind fuk with the masses... THINK graphic hic ups are a joke enough method actors NATO whatever actors GUILD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 feb 7 mm.png Size: 47 KB
Relax, focus and trade what you see. Copyright
Pretty facinating that GBP is being sold like mad against every pair here. When this happens, they risk of capitulation increases. It WILL trade up eventually but if you have stops...i guess you know what happens to them
Quoting SnailFX
{quote} Short from 1.20175 TP-ed at 1.20014. The second one at 1.20079 I'll leave for now. Let it run.. GBP/USD 30M (second Short activated due to no wick) 1.20079 SL 1.20329 (25 pips), TP Let it run if it can.. See you later! Hourly Chart, candle closed below yellow line. *We could very well see lows of 1.19 today. We'll see.. Sorry for quick change from Long to Short. Whenever chances of this happening are higher then usual, I'll always warn you that trade is risky as I did. GBP/USD H4 Chart, candle just bounced off of gray line.. until I have...
Meh.. closed at 1.20023. I'll wait for Wall Street.. again it's weird. Euro going up against USD, Pound.. not dropping? Loss recovered, earned some extra and that's it.
See you later.

Not interested..
(Forget my analysis for today)..

Every TF points Short, but Euro is going up, as said against USD, so waiting for the Pound to drop is just a waste of time in my opinion and I could be very wrong and see Pound at lows of 1.19 later in a day. I guess we'll see later and if Wall Street does anything.
GU was limited to selling at 10.05, so it should sell again at 11.38
...you don't even need an oscillator (s) to see how the momentum in the down move has slowed relative to the fall from Friday hi (on Friday, albeit data induced.) Just PA shows this for eg... But just because momentum has slowed - this doesn't necessarily mean the down-move is over.

Anything can happen

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
21 traders viewing now, 1 is a member:
Frag8383