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Cable Update (GBPUSD)

  • #734,261
  • Mar 6, 2023 11:43pm Mar 6, 2023 11:43pm
Sell GBPUSD now!!!

take profit 200pips

SL 30pips
  • #734,262
  • Mar 6, 2023 11:46pm Mar 6, 2023 11:46pm
Quoting OperaniyiFx
Sell GBPUSD now!!! take profit 200pips SL 30pips
Exhausted
  • #734,263
  • Mar 6, 2023 11:48pm Mar 6, 2023 11:48pm
Buy GU today.

Stop 50 pips, TP 100 PIPS Minimum
Intraday only.
  • #734,264
  • Mar 6, 2023 11:52pm Mar 6, 2023 11:52pm
Quoting dantpm
Just a suggestion, I started drawing a horizontal line at the close of the midnight candle and focusing on pre and post midnight trading. ICT suggests that this is where the algos start for the day. His idea has merits based on what I have seen for the past couple of weeks.
Hmm sounds interesting. But 'midnight' according to which time zone pls?
  • #734,265
  • Edited Mar 7, 2023 12:05am Mar 6, 2023 11:54pm | Edited Mar 7, 2023 12:05am
Quoting BrainBucks
{quote} Hmm sounds interesting. But 'midnight' according to which time zone pls?
EST, NY, yeah that was needed!
  • #734,266
  • Mar 6, 2023 11:54pm Mar 6, 2023 11:54pm
Quoting BrainBucks
{quote} Hmm sounds interesting. But 'midnight' according to which time zone pls?
NY
This some ICT concept
  • #734,267
  • Edited Mar 7, 2023 12:07am Mar 6, 2023 11:55pm | Edited Mar 7, 2023 12:07am
Quoting mysterio
General expectation of the pattern for today Will react to whatever happens. There's a large h1 supply above the current range. {image}
Morning

Waiting for the last part of this pattern to play out

I expect a sweep up to around 1.2068 or thereabouts then a straightforward sell day, hold til close 100+ pips

Theres a chance we go as high as 1.21 first but 1.2060 is where i'm looking first.

Buy around 1.2030

my memory of breakouts on Tuesdays is they can overextend so i'll be cautious about the sell level
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  • #734,268
  • Mar 6, 2023 11:57pm Mar 6, 2023 11:57pm
Quoting OperaniyiFx
Sell GBPUSD now!!! take profit 200pips SL 30pips
...again any particular reason...
  • #734,269
  • Mar 7, 2023 12:00am Mar 7, 2023 12:00am
Quoting navk
Buy GU today. Stop 50 pips, TP 100 PIPS Minimum
How did you determine that it would break out to the upside, boss.
The resistance looks obvious at least on the H1.
Just follow the trend.
  • #734,270
  • Mar 7, 2023 12:00am Mar 7, 2023 12:00am
Quoting BrainBucks
Since 2048 is proving to be a pretty significant roadblock... I go SHORT @ 2044 looking for 20-50 pips My SL hovers just above 2050 Seems to me like a safe bet pre LO
I'm out! Too sluggish and suspect for my liking.
I think I'll sit this one out and wait for momentum before jumping back in.
  • #734,271
  • Mar 7, 2023 12:03am Mar 7, 2023 12:03am
Added SHORT 1.2042 nosl notp
  • #734,272
  • Mar 7, 2023 12:03am Mar 7, 2023 12:03am
Going long, looking to short at 1.207 - 1.208
Exhausted
  • #734,273
  • Mar 7, 2023 12:04am Mar 7, 2023 12:04am
Quoting OperaniyiFx
Sell GBPUSD now!!! take profit 200pips SL 30pips
It's way too soon. Market should create a breakout up first.
  • #734,274
  • Mar 7, 2023 12:05am Mar 7, 2023 12:05am
Given that the FED has been raising interest rates for the past six months, is it reasonable to expect a decline in the value of non-US dollar currencies?
  • #734,275
  • Mar 7, 2023 12:10am Mar 7, 2023 12:10am
It's been a minute since the 2100 magnet had a say around here.
Regardless of how SHORT my bias is, can't deny that I sleep with one eye open, gazing at that magnet like...
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  • #734,276
  • Mar 7, 2023 12:10am Mar 7, 2023 12:10am
Attached Image (click to enlarge)
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yes yes yes
  • #734,277
  • Mar 7, 2023 12:13am Mar 7, 2023 12:13am
I'm looking for this. Or something similar.
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Exhausted
  • #734,278
  • Mar 7, 2023 12:15am Mar 7, 2023 12:15am
Quoting Elysion
I'm looking for this. Or something similar. {image}
exactly, yeah

150 pips or more on offer today if we get it head on
  • #734,279
  • Mar 7, 2023 12:19am Mar 7, 2023 12:19am
Quoting mysterio
{quote} It's way too soon. Market should create a breakout up first.
There's a swing high @ 1.20887 above 1hr supply that you mentioned yesterday, do you think the market can raid that high without respecting that supply
  • #734,280
  • Mar 7, 2023 12:23am Mar 7, 2023 12:23am
Quoting lucaswalliam
{quote} How did you determine that it would break out to the upside, boss. The resistance looks obvious at least on the H1.
my hourly trendline shows a support around 2025.

And hourly confirmed buy activated on friday.

For me, in this scenario, i look to buy..but to decide where to enter long
Intraday only.
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