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Cable Update (GBPUSD)

  • #727,541
  • Feb 9, 2023 4:12am Feb 9, 2023 4:12am
A quick look at the weekly, shows 1.22 region as offering some potential resistance, while conspiring with the TL.
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #727,542
  • Feb 9, 2023 4:12am Feb 9, 2023 4:12am
Quoting ninner
{quote} 2big banks are short the gu. I’d rather be on their side than yours!!!
Interesting, care to tell us how you managed to get the positions of 2 banks and can you give us some details on their positions?
There are lots of "big banks" in the world, so depending on whether they are T1 banks and the size of their respective positions, "2 big banks are short the gu" doesn't really mean much, for all we know, it might just be 2 regional banks with 20 mil position each which essentially means nothing.
  • #727,543
  • Feb 9, 2023 4:14am Feb 9, 2023 4:14am
Quoting pipfarm
{quote} The problem i see with that 3 wave pattern is that it should have another 3 wave pattern at B but it does not, because b itself is a correction in the ABC.
The 3 wave pattern in the B of ABC completed on nearly every pair i monitor, , i'am starting to believe the algo theory but then again it fits with elliott wave theory perfectly and there were no algos in those days.
Follow The Markets Structure - Patience and Discipline
  • #727,544
  • Feb 9, 2023 4:15am Feb 9, 2023 4:15am
Quoting Han2019
{quote} Interesting, care to tell us how you managed to get the positions of 2 banks and can you give us some details on their positions? There are lots of "big banks" in the world, so depending on whether they are T1 banks and the size of their respective positions, "2 big banks are short the gu" doesn't really mean much, for all we know, it might just be 2 regional banks with 20 mil position each which essentially means nothing.
Absolutely. latest estimates put forex transactions worldwide @ $7trillion/day and gbpusd is 11% of that, so $770billion/day.
Trader with an Edge.
  • #727,545
  • Feb 9, 2023 4:19am Feb 9, 2023 4:19am
Quoting BigNumbers
GBPCAD From the green zone to yellow zone is a buy zone... once price make it above the green buy... BUY I already bought because i am not scared of losing but to be safe wait for price to come above the green zone {image}

A long term buy has been confirm on GBPCAD... because it has clearly reject the monthly support ...

We should head to the weekly resistance at 1.64980
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_2023-02-09_02-14-14.png Size: 24 KB
My telegram: https://t.me/avidforex
  • #727,546
  • Feb 9, 2023 4:20am Feb 9, 2023 4:20am
Quoting ninner
{quote} 2big banks are short the gu. I’d rather be on their side than yours!!!
Yes they most probably are short longer term, currently the up move is corrective, so either they have closed some positions and are aiming to sell higher , nothing wrong in being long short term so long as you get out early enough before the drop.
Follow The Markets Structure - Patience and Discipline
  • #727,547
  • Feb 9, 2023 4:22am Feb 9, 2023 4:22am
Quoting BigNumbers
{quote} A long term buy has been confirm on GBPCAD... because it has clearly reject the monthly support ... We should head to the weekly resistance at 1.64980 {image}

Wait for price to push above the LQ green zone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_2023-02-09_02-20-44.png Size: 27 KB
My telegram: https://t.me/avidforex
  • #727,548
  • Feb 9, 2023 4:23am Feb 9, 2023 4:23am
Sleep well=use longer time frame
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ONLY AN IDIOT ASK FOR 2 YEARS EXPERIENCE TO TRADE ANY SYSTEM
  • #727,549
  • Feb 9, 2023 4:24am Feb 9, 2023 4:24am
Perhaps more to the point (or not), is that FF retail stats show most traders have been long since last Friday and are now starting to short.
If and/or when we hit 1.22+ resistance region, I'll be watching to see if more longs start piling in before looking for signs to short again.
Then again, I have 't been watching the charts much nowadays due to work, so I might just miss it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 7 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 7 KB
Compulsions can be hard to resist
  • #727,550
  • Feb 9, 2023 4:28am Feb 9, 2023 4:28am
Quoting Waveskierrob
My 3 SHORTS now at BE 1.2085 , lets make some profit...
Missed my chance, a little greedy, gunna have to pay for it in patience points...3 SHORTS under the sea ...
  • #727,551
  • Feb 9, 2023 4:28am Feb 9, 2023 4:28am
Quoting Moty
1.21251-469 is a resistance level the gap in the dx is closed i am short {image}
I'm waiting 1.2170 for to sell.
Together we can be strongest
Vantage Return This Month: na
  • #727,552
  • Feb 9, 2023 4:30am Feb 9, 2023 4:30am
Quoting BigNumbers
GU LONG 135 pips {image}
about last night trade
Please watch 1.21611 it is a strong monthly level and secure our profits.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-09_02-28-48.png Size: 25 KB
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  • #727,553
  • Feb 9, 2023 4:31am Feb 9, 2023 4:31am
Leave the cheaters hunt the stop loss.

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Together we can be strongest
Vantage Return This Month: na
  • #727,554
  • Feb 9, 2023 4:33am Feb 9, 2023 4:33am
Quoting Moty
{quote} mf !!!!!! now it remember to fly never mind , i will catch the next signal we need all the oscillator to be in one color 9 winners 2 losers {image} {image}
from the morning's spike the system gave 4 profitable trades
but i am wise man i am short
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
yes yes yes
  • #727,555
  • Feb 9, 2023 4:37am Feb 9, 2023 4:37am
Quoting Moty
{quote} from the morning's spike the system gave 4 profitable trades but i am wise man i am short {image}
I'll sell in 1.2160.
Together we can be strongest
Vantage Return This Month: na
  • #727,556
  • Feb 9, 2023 4:38am Feb 9, 2023 4:38am
With FED Dovishness it very appropriate to load bulls
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I'm enjoying the wins because I was once terrified by loses
  • #727,557
  • Feb 9, 2023 4:38am Feb 9, 2023 4:38am
Support becomes Resistance in a trend but will it go that far? and then continue the down trend



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Follow The Markets Structure - Patience and Discipline
  • #727,558
  • Feb 9, 2023 4:38am Feb 9, 2023 4:38am
Quoting palpite
{quote} I'm waiting 1.2170 for to sell.
can you settle for 1.21486 ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 12 KB
Click to Enlarge Name: gu1.png Size: 12 KB
yes yes yes
  • #727,559
  • Feb 9, 2023 4:40am Feb 9, 2023 4:40am
Quoting pipcenturion
I am selling GU Entry 1.2101 First target 1.2071
Trade was stopped out.

I will attempt another sell circa 1.2177
Attached Image (click to enlarge)
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  • #727,560
  • Feb 9, 2023 4:43am Feb 9, 2023 4:43am
Quoting Moty
{quote} from the morning's spike the system gave 4 profitable trades but i am wise man i am short {image}


The lot size is your big problem. You can't manage your trades.
Together we can be strongest
Vantage Return This Month: na
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