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Cable Update (GBPUSD)

  • #729,541
  • Feb 16, 2023 9:48am Feb 16, 2023 9:48am
Quoting SnailFX
Yes yes yes.. please make a retracement so I can Short again.
Smart man, I’ll join you and add more too
Master your mind. Master Trading.
  • #729,542
  • Feb 16, 2023 9:48am Feb 16, 2023 9:48am
If USD/JPY gets to 134.35, it's over.
  • #729,543
  • Feb 16, 2023 9:50am Feb 16, 2023 9:50am
Quoting KareemAliFx
{quote} Smart man, I’ll join you and add more too
One of those cases where system is SCREAMING Short. All TF's!
  • #729,544
  • Feb 16, 2023 9:54am Feb 16, 2023 9:54am
Price has broken Weekly lows on EU, AU, weekly High on UJ and USDCAD. This shows Dollar Strength could continue...
Tomorrow, I will be BEARISH on GU, EU , AU. ... BULLISH on USD. Cheers
  • #729,545
  • Feb 16, 2023 9:56am Feb 16, 2023 9:56am
Quoting Indigo45
{quote} As per my knowledge that is attained by examining the history... is that on Thursday and Friday... Total day's Price move (calculated by subtracting today's Low from High) always exceeds Avg Daily Range... {image}
I think, the cheaters just hunted the stop loss. Let's wait to day's close.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #729,546
  • Edited 10:32am Feb 16, 2023 9:59am | Edited 10:32am
Quoting Wavegarrick
{quote} Not surprising that 1.22500 was reached today which is exactly the hallway mark of the 1st Quarter. 1.22500 is also the hallway mark between major levels 1.20000 and 1.250000. Coincidence - Yes, No?. I have observed this on a couple of occasions now A weekly break above 1.23500 sets the tone for 1.25000 or even 1.2750 in the 2nd half of the 1st Qtr. A weekly break below 1.20000 sets the tone for 1.17500 or 1.150000. Today's trade locked at Break even and some. {quote} Cheers. {image}
Quote
Buy trade opened at 1.20121. target 1.20500. S/loss 25 pips.
Cheers.
My buy trade yesterday worked out just fine with 37 pips taken at 1.20500.
Attached Image (click to enlarge)
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Here's the thing. 4 hr t/frame showing bearish signals. And I am stacking up.
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I have started taking long term buy trades off the table with a target of 1.1750 in mind. Bear in mind that we need a weekly/monthly close below 1.20000. Not cast in stone yet.

Trade safe,
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #729,547
  • Feb 16, 2023 10:02am Feb 16, 2023 10:02am
54 pips retracement from 100+ pips drop. Around 50%.
H4 usually takes the beating in half-time no? H4 should be completely red again, now that this phase is done.
  • #729,548
  • Feb 16, 2023 10:03am Feb 16, 2023 10:03am
Even if the current H1 swing is wave 5 then it is the end of the move, price completely rejected the low and is now moving to make the H4 correction , the next short is the big money one.
Follow The Markets Structure - Patience and Discipline
  • #729,549
  • Feb 16, 2023 10:03am Feb 16, 2023 10:03am
Quoting SnailFX
54 pips retracement from 100+ pips drop. Around 50%. H4 usually takes the beating in half-time no? H4 should be completely red again, now that this phase is done.
H4 doesn't appear to want to comply
  • #729,550
  • Feb 16, 2023 10:06am Feb 16, 2023 10:06am
Quoting dantpm
{quote} H4 doesn't appear to want to comply
Patience haha.
I want to see this last hourly entirely engulfed by this hourly candle or at least 70%.
  • #729,551
  • Feb 16, 2023 10:06am Feb 16, 2023 10:06am
Bitcoin is roaring! Love it
Master your mind. Master Trading.
  • #729,552
  • Feb 16, 2023 10:08am Feb 16, 2023 10:08am
Quoting dantpm
{quote} H4 doesn't appear to want to comply
Stubborn, often slow but..seems to be heading north Sorry Dan, couldn't resist
  • #729,553
  • Feb 16, 2023 10:10am Feb 16, 2023 10:10am
Quoting Moty
another 70 $ profit waiting for pullback {image}
Have a trend line between the MA200-M1 and the MA200-M5. This will be my target today.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #729,554
  • Feb 16, 2023 10:20am Feb 16, 2023 10:20am
If you see USD at 134.35 get out of Longs!
I will get Hourly confirmation which is probably taking the price +135.
  • #729,555
  • Feb 16, 2023 10:20am Feb 16, 2023 10:20am
Quoting SnailFX
If USD/JPY gets to 134.35, it's over.
why say so
  • #729,556
  • Feb 16, 2023 10:23am Feb 16, 2023 10:23am
Quoting KareemAliFx
Bitcoin is roaring! Love it
which broker do you use?
  • #729,557
  • Feb 16, 2023 10:27am Feb 16, 2023 10:27am
Quoting Purple
{quote} which broker do you use?
my positions, started with 30 bucks yesterday, small account challenge again. This broker is prime XBT the leverage for forex trading is astounding
Attached Image (click to enlarge)
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Master your mind. Master Trading.
  • #729,558
  • Edited 10:40am Feb 16, 2023 10:27am | Edited 10:40am
Quoting AlfieSolomon
{quote} I have a question to ask , price came very close to 7 Feb low but why didn't it took the liquidity,can you explain
I dont know about liquidity, this is a theory to think where the money sits
below swing low and highs.. there are some types of swings..

anyway. It did take yesterday low swing low.
And without looking on the swing lows and high or possibly liquidity purge.

when all week bulls are frustrated bears (im on of them)
the week will keep frustrating the midterm swing traders.

now is time to range, while every newbie and the worst trader in the world could take money no matter what
now they post winners, later they will post margin call or disappear for a while.
  • #729,559
  • Feb 16, 2023 10:29am Feb 16, 2023 10:29am
Quoting JayRudolf
{quote}why say so
Would be one of the most convincing Buys I saw lately.
That particular candle setup.
  • #729,560
  • Feb 16, 2023 10:32am Feb 16, 2023 10:32am
I'm out..
Pffff...

Everything was in place..

I am done Shorting GBP/USD until 1.34. No long-term Shorts anymore.
It just doesn't work.

They are heading up, getting the best price before recession hits, same thing on Yen pairs.
Will be looking to go Long next week.

If this push was just to take Sellers out, than congratulations big banks. You did it.
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