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Cable Update (GBPUSD)

  • #729,441
  • Feb 16, 2023 7:23am Feb 16, 2023 7:23am
Quoting JereMi256
{quote} Buy limit cancelled Sell limit 1.2115
Sell limit adjusted to 1.2146.

Buy limit 1.2026
Partial SL 1.2008
Tp1 1.2115
Tp2 1.2146
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Face 'ur fears & tame 'ur greed
  • #729,442
  • Feb 16, 2023 7:24am Feb 16, 2023 7:24am
Quoting pipfarm
{quote} 2175 is the target for long on a break of 2075 only
have a gut feeling the data will bring this pair down below 120. But yes 12075 needs to crack for an upper move
Insane in the Brain..
  • #729,443
  • Feb 16, 2023 7:24am Feb 16, 2023 7:24am
I suspect a sweep up before dropping, will close my 3rd shorts from 1.2059 at profit now and place some limit short orders at 1.2074, if they fill, great, if not, I still have the 2 short positions.
  • #729,444
  • Feb 16, 2023 7:27am Feb 16, 2023 7:27am
GU up before report, but H4 and DOW down
  • #729,445
  • Feb 16, 2023 7:27am Feb 16, 2023 7:27am
Quoting BeeTogether
{quote} have a gut feeling the data will bring this pair down below 120. But yes 12075 needs to crack for an upper move
The overall target for daily is still around that 1800 mark but currently the market is cycling through from daily down
Follow The Markets Structure - Patience and Discipline
  • #729,446
  • Feb 16, 2023 7:32am Feb 16, 2023 7:32am
Tanking time. Data beat expectations
Insane in the Brain..
  • #729,447
  • Feb 16, 2023 7:33am Feb 16, 2023 7:33am
Hey Moti, did your TPs for those sells get activated?
To free Gazans of Hamas, use whatever it takes.
  • #729,448
  • Feb 16, 2023 7:34am Feb 16, 2023 7:34am
Quoting BeeTogether
Tanking time. Data beat expectations
In this case the data beating expectations would be cause for a rate increase except that the difference in minimal.
  • #729,449
  • Feb 16, 2023 7:34am Feb 16, 2023 7:34am
of course no trade first
  • #729,450
  • Feb 16, 2023 7:35am Feb 16, 2023 7:35am
Let's go Bears!!!!

H4 is never wrong.

I'll only trade on H4 now.
  • #729,451
  • Feb 16, 2023 7:36am Feb 16, 2023 7:36am
As usual it is up to the MM's. The data is benign.
  • #729,452
  • Feb 16, 2023 7:39am Feb 16, 2023 7:39am
Quoting SnailFX
Let's go Bears!!!! H4 is never wrong. I'll only trade on H4 now.
LOL, the chart never wrong no matter the TF , only the one who read it maybe wrong

BTW, why 4h and not 3h, why not 2h? or 5h? or 6? or 8h?
  • #729,453
  • Feb 16, 2023 7:39am Feb 16, 2023 7:39am
Quoting Han2019
I suspect a sweep up before dropping, will close my 3rd shorts from 1.2059 at profit now and place some limit short orders at 1.2074, if they fill, great, if not, I still have the 2 short positions.
O well, was wrong, will add shorts on pull backs, adding half position at 1.202
  • #729,454
  • Feb 16, 2023 7:40am Feb 16, 2023 7:40am
the trick with the lower DOW without results
  • #729,455
  • Feb 16, 2023 7:41am Feb 16, 2023 7:41am
Quoting Whale
{quote} LOL, the chart never wrong no matter the TF , only the one who read it. BTW, why 4h and not 3h, why not 2h? or 5h? or 6? or 8h?
H4 chart is an anomaly.
When I have 15M 30M and H1 along with Daily saying Short, H4 is usually always Long. Weird TF.
  • #729,456
  • Feb 16, 2023 7:44am Feb 16, 2023 7:44am
Quoting SnailFX
{quote} H4 chart is an anomaly. When I have 15M 30M and H1 along with Daily saying Short, H4 is usually always Long. Weird TF.
Then you simply have not collected enough data. I can assure you, your observation occurs only a small part of the time.
To free Gazans of Hamas, use whatever it takes.
  • #729,457
  • Feb 16, 2023 7:46am Feb 16, 2023 7:46am
Quoting DrDave
{quote} Then you simply have not collected enough data. I can assure you, your observation occurs only a small part of the time.
Knowing all this trust me, somehow H4 is working great on this system I use. I'll show you EUR/GBP for example later.

Higher TF, more time for the system to process the information and potential price movement.

Monthly is the most correct TF, however who trades Monthly.. too long.
  • #729,458
  • Feb 16, 2023 7:47am Feb 16, 2023 7:47am
Quoting DrDave
Hey Moti, did your TPs for those sells get activated?
yes , the tp missed me by 1 pips
it pulled back and i added
all out !!!!
Attached Image (click to enlarge)
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yes yes yes
  • #729,459
  • Feb 16, 2023 7:47am Feb 16, 2023 7:47am
Mester: Saw a 'compelling' case for 50 bps hike at last fomc meeting mester: Fed has more work to do to control inflation mester: Fed will

HELLO USD MY OLD FRIEND.
  • #729,460
  • Feb 16, 2023 7:47am Feb 16, 2023 7:47am
It was down while I didn't see it.
Thank you Moty.

Attached Image (click to enlarge)
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