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Cable Update (GBPUSD)

  • #729,321
  • Feb 16, 2023 2:19am Feb 16, 2023 2:19am
Quoting pipcenturion
On daily time frame, the 1.2126 low looks like what ICT followers will call an fair value gap. That could be a good level to take profit on my buy trade.
The only potential challenge with that is that 1.2126 is on the other side of @BrainBucks 1.21 magnet, it might have a hard time getting there!
  • #729,322
  • Feb 16, 2023 2:20am Feb 16, 2023 2:20am
G/M, big > 30day adr day bearish dly candle y/dfay but a continued recovery off y/dfay's lo this London morning so far as price goes upside of the Asian hi to test a prev 1hr sw lo zone = prev supp = pot sbr.

1hr below
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Trader with an Edge.
  • #729,323
  • Feb 16, 2023 2:21am Feb 16, 2023 2:21am
area for a sell...?
Attached Image (click to enlarge)
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  • #729,324
  • Feb 16, 2023 2:22am Feb 16, 2023 2:22am
Attached Image (click to enlarge)
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yes yes yes
  • #729,325
  • Feb 16, 2023 2:22am Feb 16, 2023 2:22am
Quoting Georginson
Long at 1.2082, target 1.2182...
Manually exited at 1.2070... - 12 pips. Will buy lower.. earlier closed buy from 1.1996 at 1.2050 .. +54 pips...
Data + Stat + Risk/Emotions Management
  • #729,326
  • Feb 16, 2023 2:24am Feb 16, 2023 2:24am
Attached Image (click to enlarge)
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  • #729,327
  • Feb 16, 2023 2:25am Feb 16, 2023 2:25am
Quoting pipcenturion
On daily time frame, the 1.2126 low looks like what ICT followers will call an fair value gap. That could be a good level to take profit on my buy trade.
Not an ICT expert, but I think we couldn't call 1.2126 as FVG on daily time frame, since today candle hasn't completed. Maybe we could see 1.2126 as liquidity void which potentially can be filled and then price to drop further.

If you look at 4H TF, price has already reached FVG 1.20706. If this level is not broken, expect price to drop from this level acting as resistance.
If broken we could see next FVG at 1.21442.
  • #729,328
  • Feb 16, 2023 2:26am Feb 16, 2023 2:26am
Quoting Pat Chiko
GJ Who want to run first ?. I'm waiting for your signal.{image}
No signal, I've been long GJ since 20 January Pat
  • #729,329
  • Feb 16, 2023 2:29am Feb 16, 2023 2:29am
Currently long on GU
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  • #729,330
  • Feb 16, 2023 2:32am Feb 16, 2023 2:32am
close above 1.20632 might see 1.21084 4HR
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 32 KB
  • #729,331
  • Feb 16, 2023 2:34am Feb 16, 2023 2:34am
... just above the current dly hi is the breached asc t/line that joined 0327 with 1960. It is shown on chart below. Dly and Wkly pivots are today within a few pips of each other, around the current dly hi.

4hr below
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Click to Enlarge Name: screenshot.png Size: 18 KB
Trader with an Edge.
  • #729,332
  • Feb 16, 2023 2:57am Feb 16, 2023 2:57am
Selling USD.
  • #729,333
  • Feb 16, 2023 3:00am Feb 16, 2023 3:00am
Quoting navk
That dip in GU after Australian news was bought. And closed all now for a nice profit in Asia. Will now look to frankfurt open... Of cource for a buy only. {image} {image}
It is as if the MM's are trying to hijack your LO indicator by making it a doji!
  • #729,334
  • Feb 16, 2023 3:03am Feb 16, 2023 3:03am
Quoting dantpm
{quote} It is as if the MM's are trying to hijack your LO indicator by making it a doji!
The MM has many many tricks, we must see him coming around the corner. Sneaky him .
  • #729,335
  • Feb 16, 2023 3:07am Feb 16, 2023 3:07am
Quoting SnailFX
Selling USD.
Finally for Christ's sake..
They need 3 hours to get that price moving.

I'll start trading Monthly, tired of watching these 15M candles and waiting for action.
  • #729,336
  • Feb 16, 2023 3:08am Feb 16, 2023 3:08am
Quoting SnailFX
{quote} Finally for Christ's sake.. They need 3 hours to get that price moving. I'll start trading Monthly, tired of watching these 15M candles and waiting for action.
It takes time to set traders up, and the MM clearly has that patience.
  • #729,337
  • Feb 16, 2023 3:09am Feb 16, 2023 3:09am
Quoting Guy1969
{quote} It takes time to set traders up, and the MM clearly has that patience.
I know, I know, but I don't haha.
I know where it's going and seeing all this manipulation for an hour is exhausting which they are counting on yeah.
  • #729,338
  • Feb 16, 2023 3:09am Feb 16, 2023 3:09am
Ah man, it rej cited daily pivot grrrrrr looking to see if we can over that pivot line towards 121 for me. Long till near the US data or 121 which ever comes first
Insane in the Brain..
  • #729,339
  • Feb 16, 2023 3:10am Feb 16, 2023 3:10am
...1st challenge on the current dly hi after the p/back? If there was a 4hr downtrend (this t/f is currently more rangy than anything,) you'd think 1hr looks like a bear flag?

1hr below
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Trader with an Edge.
  • #729,340
  • Feb 16, 2023 3:10am Feb 16, 2023 3:10am
ok guys.

Finished LO + Asia.

Will trade in NY
Attached Image(s) (click to enlarge)
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Intraday only.
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