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Cable Update (GBPUSD)

  • #735,201
  • Mar 10, 2023 2:30am Mar 10, 2023 2:30am
Quoting navk
{quote} Did as per my plan. Shorted Frankfurt spike and closed all. + Asia lots of scalping... short mostly. Traded two accounts today with a trade copier, so one can see the similarity in result. Now all done, no more to trade until NY jobs report. {image} {image}
well done!!!!!
  • #735,202
  • Mar 10, 2023 2:31am Mar 10, 2023 2:31am
Shorted again
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  • #735,203
  • Mar 10, 2023 2:33am Mar 10, 2023 2:33am
Assumption is the lowest form of thinking…
Always wait for break out. Don’t assume!

Waiting for break out on GU.
GBPCAD LONG
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My telegram: https://t.me/avidforex
  • #735,204
  • Mar 10, 2023 2:36am Mar 10, 2023 2:36am
There's actually a 3rd scenario, range/consolidation until NY session.
Exhausted
  • #735,205
  • Mar 10, 2023 2:36am Mar 10, 2023 2:36am
Once the gap or imbalance is filled, the price may continue its downtrend.
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  • #735,206
  • Mar 10, 2023 2:37am Mar 10, 2023 2:37am
Quoting Moty
This 50 ema band and 9 lwma at 5m chart strategy is very good {image} {image}
I see you implement different indicators on different TFs. Due to the fractal-like nature of financial time series, if you find a strategy that works on one TF, then it works on every TF: No need for multiple sets of strategies for doing the same type of trading.
To free Gazans of Hamas, use whatever it takes.
  • #735,207
  • Edited 2:50am Mar 10, 2023 2:37am | Edited 2:50am
Quoting mysterio
{quote} I dont think the pair will breach around 1.1975 today It will either fall all day or spike out the HOD on NFP to 1.1975 area and drop Imho. The rise is just to close the imbalance from the Powell drop. Purely technical strength. Although, I had a blazing 3 days and appear to be repeatedly kicking myself in the nuts in the last 24h
Hi Mysterio, you are a precision trader. Don't beat yourself up too much. I hope you know those nuts are important for procreation.
  • #735,208
  • Mar 10, 2023 2:40am Mar 10, 2023 2:40am
The one posted is hourly trend chart, which clearly states Long.

The other one 5 min chart, I even use 1 min chart.

What I did whole of yesterday ?

With hourly long trade confirmation.... I took long at the band lows ...

What I did today ?

A retrace is due.. so... I shorted the spike as you see in 5 min 1 min chart.
Attached Image(s) (click to enlarge)
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Intraday only.
  • #735,209
  • Mar 10, 2023 2:43am Mar 10, 2023 2:43am
Once more ,, EU lower low
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  • #735,210
  • Mar 10, 2023 2:44am Mar 10, 2023 2:44am
Quoting BrainBucks
{quote} At least it comes across better when you ask, rather than... I would humbly suggest that you add a bit of humility too when you may not agree with another's position or inclination in this market. Nobody gets it right all the time, me and you inclusive. So I would suggest you kindly keep some of the polite criticism to yourself, rather than make another feel like they're wrong. It's been 3 days now and we fell over 200 pips from where you made it seem like it was ridiculous to take a short. That's not cool,...
I'm not really sure why you're so hostile to my questions?
The exchange of ideas needs to collide for it to be effective.
I am certainly aware that different traders analyze prices differently. There is no absolute right or wrong on this. I just want to learn more, more things I don't understand.
Why would you think I'm mocking? Which word expresses the meaning of ridicule?
How does denying someone else's analysis help me? Does it make me consistently profitable? Obviously not. If you don't understand it, don't make a decision easily.
Just follow the trend.
  • #735,211
  • Mar 10, 2023 2:44am Mar 10, 2023 2:44am
Quoting AlfieSolomon
More upside expected on GU , eu and gu divergence {image}
Like it Also to add fuel to the fire Initial Jobless claims yesterday was higher... hence the weak $$
  • #735,212
  • Mar 10, 2023 2:46am Mar 10, 2023 2:46am
Quoting navk
The one posted is hourly trend chart, which clearly states Long. The other one 5 min chart, I even use 1 min chart. What I did whole of yesterday ? With hourly long trade confirmation.... I took long at the band lows ... What I did today ? A retrace is due.. so... I shorted the spike as you see in 5 min 1 min chart. {image} {image}
Good scalps, I need to learn more from you.
Although sometimes I'm not looking at the charts and I missed entries and exits every now and then.

What indicators are u using on the m5 chart if u dont mind me asking
Exhausted
  • #735,213
  • Mar 10, 2023 2:47am Mar 10, 2023 2:47am
gbpusd update + DX

above S = long and DX is ok below R, so in this moment gbp long to (cca 1.2040)
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Trendlines H1,H4, SMC
  • #735,214
  • Mar 10, 2023 2:50am Mar 10, 2023 2:50am
Quoting palpite
{quote} I not believe in this drop yet. I think Gu will go up before. This is my view - https://www.forexfactory.com/thread/...0#post14346620
GP is ihigher. We will wait for payroll to see direction
UK budget next week.

https://www.poundsterlinglive.com/gb...-uk-gdp-jan-23
  • #735,215
  • Mar 10, 2023 2:51am Mar 10, 2023 2:51am
The move to 1.19 has started, after that, idk.
main bias short, but the whole world on this move..so..
  • #735,216
  • Mar 10, 2023 2:51am Mar 10, 2023 2:51am
Quoting Elysion
{quote} Good scalps, I need to learn more from you. Although sometimes I'm not looking at the charts and I missed entries and exits every now and then. What indicators are u using on the m5 chart if u dont mind me asking
Check my profile for band indicator.

I shared with Moty once.
Intraday only.
  • #735,217
  • Mar 10, 2023 2:53am Mar 10, 2023 2:53am
GBP/USD reacts to both SR. I don't think it's too late to decide which one to break.

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  • #735,218
  • Mar 10, 2023 2:53am Mar 10, 2023 2:53am
eurusd
also above S, now usd is under pressure
only afternoon news can change direction
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Trendlines H1,H4, SMC
  • #735,219
  • Mar 10, 2023 2:58am Mar 10, 2023 2:58am
the supertrend want a kiss
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yes yes yes
  • #735,220
  • Mar 10, 2023 3:06am Mar 10, 2023 3:06am
would advise against taking positions this morning. very likely to spike up above this double top on NFP.

After that, shorts from the POC 1.1978. Maybe in the region of 1.1972-80. Worth a go. I believe DXY will spike out the high made during Powell and send GU below 1.18.

could be wrong, lets see.
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