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Cable Update (GBPUSD)

  • #736,781
  • Mar 18, 2023 10:33am Mar 18, 2023 10:33am
Fri was an interesting day where everything went into even the gbp complexes ..the gbp complexes went into the yen complexes however the for the week the gbp complexes was the mover...the mover with secondary flows moving into them from the usd and secondarily the euro complexes ....we have to see if this continues next week. HOpe this helps!!!
  • #736,782
  • Mar 18, 2023 11:00am Mar 18, 2023 11:00am
The gbp complexes may see more flows as they really jumped from the previous week (from the neg secondary driver to the positive mover) and my view may have more room to go!!! Hope this helps!!!
  • #736,783
  • Mar 18, 2023 12:11pm Mar 18, 2023 12:11pm
Quoting Waveskierrob
{quote} Yea me to, getting hammered by GOLD
HAHAHAHHAHAHA
  • #736,784
  • Mar 19, 2023 6:18am Mar 19, 2023 6:18am
Quoting ScalaFX
{quote} My God that was good decision to take some, I see some action to take liqudity so Im placing shorts limits 2190, 2200 and 2210, maybe we can take there today and next week we will see some correction, cheers!
At the end of session price activated my 2orders from 3, at opening today maybe we can see a gap up that can open a 3rd limit. I will be searching for some corection move to 207x where long OB appered. That will be good point to place some buy orders but must be carefull, becouse when price blow this place that can open way for a new lows such as 1.17 or 1.16 like I written few days ago. Other way we can see liqudity taking till 2360 or more, my stops at 2250 but I prefer to not placing SL for next week becouse we cam see some SL hunt before main move. Cheers!
People don't plan to lose. They lose because they don't plan.
  • #736,785
  • Mar 19, 2023 7:18am Mar 19, 2023 7:18am
Inserted Video


Take some time and just look at this BS. Sickening. Who does that?

Anyways have a great Sunday and great trading week ahead!
How to succeed in zero sum game?
  • #736,786
  • Mar 19, 2023 8:40am Mar 19, 2023 8:40am
Quoting ScalaFX
{quote} At the end of session price activated my 2orders from 3, at opening today maybe we can see a gap up that can open a 3rd limit. I will be searching for some corection move to 207x where long OB appered. That will be good point to place some buy orders but must be carefull, becouse when price blow this place that can open way for a new lows such as 1.17 or 1.16 like I written few days ago. Other way we can see liqudity taking till 2360 or more, my stops at 2250 but I prefer to not placing SL for next week becouse we cam see some SL hunt before...
I expect price to retrace back to 2150 first.

Below 2200.

Let us see
Intraday only.
  • #736,787
  • Edited 9:36am Mar 19, 2023 8:41am | Edited 9:36am
Price action Drill. Now the market will pay

At premium, price will trick buyers into the market and At discount price will trick sellers into the market.
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My telegram: https://t.me/avidforex
  • #736,788
  • Edited 9:06am Mar 19, 2023 8:52am | Edited 9:06am
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  • #736,789
  • Mar 19, 2023 9:18am Mar 19, 2023 9:18am
gbpaud is over a dragon. there is a good rsi conditions.
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  • #736,790
  • Mar 19, 2023 9:35am Mar 19, 2023 9:35am
I am planning on buying gold and eurusd on open and putting stop loss at the last low
Master your mind. Master Trading.
  • #736,791
  • Mar 19, 2023 9:57am Mar 19, 2023 9:57am
Quoting navk
{quote} I expect price to retrace back to 2150 first. Below 2200. Let us see
I have almost the same view as you sir.
I expect price to retrace to 1.2121
According to my VAP analysis for Friday, all the moves ABOVE 1.2176 was fluff!!!
  • #736,792
  • Mar 19, 2023 10:35am Mar 19, 2023 10:35am
Quoting BigNumbers
Now I have found a spot for SL and my entry point is called PONR ... POINT OF NO RETURN ... BTCUSD Journey to 42k {image}

A quick reminder that Liquidity moves the market.
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  • #736,793
  • Mar 19, 2023 11:14am Mar 19, 2023 11:14am
GU: H1
My View For Monday.
Focus on what the market is actually showing me.
Trade safe.
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Intraday Trading is an Art _ hoda
  • #736,794
  • Mar 19, 2023 12:00pm Mar 19, 2023 12:00pm
Quoting Wavegarrick
{quote} From a daily perspective. Gu may not be overwhelmingly bullish, but it is bullish. I await an upside or downside break of the trend lines. Positive signs: Gu will/should close this week above my yearly pivot at 1.2055 going into the final stretch from the 20th of this month to the end of the 1st quarter. We should see some sparks in this period. Cheers. {image}
Trading is a mindset. I see too often that Folks here take small profits. It's cool when you have tight stops, but heck, when you take small profits and become underwater it is a big problem to me. I will not touch your advice with a barge pole,
20th of the month to the end of the 1st qtr is up.
I do feel that 1.250000 is an easier target. But hey, what do I know. It's all about risk reward and capital preservation.
Cheers.
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Trade to trade another day
  • #736,795
  • Mar 19, 2023 12:34pm Mar 19, 2023 12:34pm
Quoting pipcenturion
It is weekend people. Let's rub minds. BTCUSD had a beautiful rally yesterday. I just sold at 27,4XX expecting 25,520 and then maybe sub-19,000 I would like to hear what Traders here feel about the direction of BTUSD for the next few days. Let's rub minds!!!
When BTUSD turns south, expect turning point to the upside be at around MA 30 min tf and 864 period. Its most recent high will then be broken which we do not know yet. Price will search for the MA when there is enough retailers to wipe out or SL hunt.

This applies for cable which still has to break at least 1.2230 not knowing how high it will reach before retracing to the mentioned settings. These settings are dynamic depending on intrument plus moment. I am not positioned in neither of the 2 yet.

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POSTMASTER
  • #736,796
  • Mar 19, 2023 1:03pm Mar 19, 2023 1:03pm
Would I be correct in assuming, that unless 1.2113 is broken, we're in an uptrend?
Thank you.
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I have no clue where it's going
  • #736,797
  • Mar 19, 2023 1:30pm Mar 19, 2023 1:30pm
Quoting pipcenturion
Kindly note that I created VAP myself I used simple addition, subtraction, multiplication and division to extract the cost per unit traded per period. Nothing fancy. No fourier series, no Laplace transforms, nothing complex. Just simple math-work on the OHLC and volume data. Simple!
One of the details that puzzles me about your VAP and Forex is that brokerages do not always report volume for forex transactions. How do you deal with the missing data?
  • #736,798
  • Mar 19, 2023 1:40pm Mar 19, 2023 1:40pm
Quoting Wavegarrick
{quote} Trading is a mindset. I see too often that Folks here take small profits. It's cool when you have tight stops, but heck, when you take small profits and become underwater it is a big problem to me. I will not touch your advice with a barge pole, 20th of the month to the end of the 1st qtr is up. I do feel that 1.250000 is an easier target. But hey, what do I know. It's all about risk reward and capital preservation. Cheers. {image}

Out of curiosity, have you ever folowed the "equity milipede" thread?
I have no clue where it's going
  • #736,799
  • Mar 19, 2023 1:51pm Mar 19, 2023 1:51pm
Quoting LifeRider
Would I be correct in assuming, that unless 1.2113 is broken, we're in an uptrend? Thank you. {image}
You displayed M5 TF. Trend is TF dependent. In my view, M5 has made a change of character, so unless it can somehow turn up from where it is now and make a convincing close ABOVE 1.22, its close on Friday is the beginning of a down continuation in a down trend.
To free Gazans of Hamas, use whatever it takes.
  • #736,800
  • Mar 19, 2023 1:52pm Mar 19, 2023 1:52pm
GBPUSD nearly up 30 pips over the weekend
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