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Cable Update (GBPUSD)

  • #729,701
  • Feb 16, 2023 8:58pm Feb 16, 2023 8:58pm
Quoting Robinhood1
{quote} I will not reveal my strategy based on mathematical calculations. It has been 22 years of research, maybe someone will achieve their strategy in less time. Opportunists could try to sell it, Market makers may want to know about it, anything could happen. Wish i could share it but it is not recommended. I've only failed 3 trades in the last 3 weeks as I've been refining and I still have some more refining. I have posted my good and bad trades in this thread.
I have 4 positions on and all in profit!!! I have a top notch trading edge. and i see gbpusd going down.
  • #729,702
  • Feb 16, 2023 9:06pm Feb 16, 2023 9:06pm
Quoting ninner
{quote} I have 4 positions on and all in profit!!! I have a top notch trading edge. and i see gbpusd going down.
Of course, anyone that shorted should be in profits now. I could not decide which way before breaking 1.1961. I will not be trading cable anyway. I am focused on eurgbp & usdchf where i will be entering long around 0.9125. Pacience.
POSTMASTER
  • #729,703
  • Feb 16, 2023 9:08pm Feb 16, 2023 9:08pm
Quoting Robinhood1
{quote} {image}
As a swing trader, i would have started buying from 1.1960 down.
POSTMASTER
  • #729,704
  • Feb 16, 2023 9:14pm Feb 16, 2023 9:14pm
Bear in mind i am listed and tracked by the central Algo. He knows my winning rate and i thinke is not too happy about it.

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POSTMASTER
  • #729,705
  • Feb 16, 2023 9:18pm Feb 16, 2023 9:18pm
GBP/USD
Price has reached the end of Buy Zone on Daily Chart
The only S I have left is on Weekly Chart.

~1.18444 Last Support
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  • #729,706
  • Feb 16, 2023 9:23pm Feb 16, 2023 9:23pm
GBP/USD
Went Long, 15M Confirmed

Long @ 1.19517
SL 20 Pips
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  • #729,707
  • Feb 16, 2023 9:25pm Feb 16, 2023 9:25pm
Quoting Robinhood1
Bear in mind i am listed and tracked by the central Algo. He knows my winning rate and i thinke is not too happy about it. {image}
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POSTMASTER
  • #729,708
  • Feb 16, 2023 9:29pm Feb 16, 2023 9:29pm
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BP 5' --- Long here.

  • #729,709
  • Feb 16, 2023 9:31pm Feb 16, 2023 9:31pm
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BP H. ---

  • #729,710
  • Feb 16, 2023 9:59pm Feb 16, 2023 9:59pm
News For Today:

Retail Sales M/M (F Open)
FOMC Member Bowman Speaks (After NY Open)
  • #729,711
  • Feb 16, 2023 10:01pm Feb 16, 2023 10:01pm
Quoting SnailFX
GBP/USD Went Long, 15M Confirmed Long @ 1.19517 SL 20 Pips {image}
The trend continues, which would be dangerous.
Just follow the trend.
  • #729,712
  • Feb 16, 2023 10:04pm Feb 16, 2023 10:04pm
D1, GU does have an obvious support level, but whether the support level is valid or not is anyone's guess.
What I'm trying to say is respect the charts and respect the trend. At least that's how I understand it.
Just follow the trend.
  • #729,713
  • Feb 16, 2023 10:07pm Feb 16, 2023 10:07pm
Quoting lucaswalliam
{quote} The trend continues, which would be dangerous.
Yeah, aware of that don't worry.

I am counting on the notion that Daily Candle hit the end of Buy Zone and is bouncing up now.
15M suggested Long, we'll see..

The thing is, I have no intention of Shorting today, actually no intention to Short until FOMC Meeting.

If trend does continue, then Weekly Support I shared in the post before will be reached today.
That would mean another 100 pips down.

Thanks!
  • #729,714
  • Feb 16, 2023 10:08pm Feb 16, 2023 10:08pm
Morning scalp from bed, no SL.
not sure how deep bears could take it..
i will keep adding long until NY.
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  • #729,715
  • Feb 16, 2023 10:12pm Feb 16, 2023 10:12pm
Quoting Luxyus
Intraday retracement during asian session seems almost over, cable still a SOER. Potential new lows @1.1960 and 1.1840. pending limit orders awaiting on cluster around daily pivot
Quoting Luxyus
STOP orders added {image}
so here we are, expecting a modest rise just to add more shorts untill 1.1840 is reached
chaos is just unknown order
  • #729,716
  • Feb 16, 2023 10:18pm Feb 16, 2023 10:18pm
Quoting SnailFX
{quote} Yeah, aware of that don't worry. I am counting on the notion that Daily Candle hit the end of Buy Zone and is bouncing up now. 15M suggested Long, we'll see.. The thing is, I have no intention of Shorting today, actually no intention to Short until FOMC Meeting. If trend does continue, then Weekly Support I shared in the post before will be reached today. That would mean another 100 pips down. Thanks!
Looking at the charts, the price is making new lows and the M15 is trending down. Maybe our analysis methods are not in line.
Can you tell me the way you judge the trend? That would be very interesting to me. Thanks again.
Just follow the trend.
  • #729,717
  • Feb 16, 2023 10:23pm Feb 16, 2023 10:23pm
Quoting lucaswalliam
{quote} Looking at the charts, the price is making new lows and the M15 is trending down. Maybe our analysis methods are not in line. Can you tell me the way you judge the trend? That would be very interesting to me. Thanks again.
Haha, well..
You are definitely correct, trend is down.

I go with MN to identify the trend (real trend).

I don't know why system suggested Long, it probably has some reason for doing it.

This is a correction Wave on MN Chart, but trend is down.
I don't look at trends on lower TF's, because they end sooner then I can figure them out.

Maybe H4 or Daily could be good, I don't know.

So, what I'm trying to say is, you are probably correct trend is back to being down, but we'll see.
  • #729,718
  • Feb 16, 2023 10:27pm Feb 16, 2023 10:27pm
Quoting SnailFX
GBP/USD Went Long, 15M Confirmed Long @ 1.19517 SL 20 Pips {image}
Closed in Loss at 1.19409.
Probably bad signal.

Not looking at all like classic Buy..
I'll refrain from trading anything with USD until Tuesday.
  • #729,719
  • Feb 16, 2023 10:29pm Feb 16, 2023 10:29pm
Quoting Luxyus
{quote} {quote} so here we are, expecting a modest rise just to add more shorts untill 1.1840 is reached
4hr chart is suggesting an orderblock at 1.192 ish that might slow it down. More at 1.186 on other timeframes.
  • #729,720
  • Feb 16, 2023 10:32pm Feb 16, 2023 10:32pm
Quoting Robinhood1
{quote} Now from 1.1900/15 to 1.26xx
1.188x is possible
POSTMASTER
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