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Cable Update (GBPUSD)

  • #739,001
  • Apr 3, 2023 6:00am Apr 3, 2023 6:00am
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yes yes yes
  • #739,002
  • Apr 3, 2023 6:15am Apr 3, 2023 6:15am
Short at 12365 gamble as pound looking a strong
Insane in the Brain..
  • #739,003
  • Apr 3, 2023 6:16am Apr 3, 2023 6:16am
Quoting dempire1
Today I will be looking for shorts. Good luck all!
hmm, havent had a chance to short yet. Currently looking bullish.
How to succeed in zero sum game?
  • #739,004
  • Apr 3, 2023 6:17am Apr 3, 2023 6:17am
Quoting Moty
It will drop soon {image}
Put some rocket too Moty............
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #739,005
  • Apr 3, 2023 6:18am Apr 3, 2023 6:18am
Quoting BeeTogether
Short at 12365 gamble as pound looking a strong
Me waiting for her consume the 4hr Szone and to be Short at this 4hr Close, given she makes a LL earlier today
More time in the market, does not mean you trade better!
  • #739,006
  • Apr 3, 2023 6:26am Apr 3, 2023 6:26am
From S1 to R1
Insane!
  • #739,007
  • Apr 3, 2023 6:29am Apr 3, 2023 6:29am
Quoting ScalaFX
{quote}close BE, now short 2360, pendings 2370 2380 2390 2400
closed all and canceled pendings, waiting...
People don't plan to lose. They lose because they don't plan.
  • #739,008
  • Apr 3, 2023 6:31am Apr 3, 2023 6:31am
Great opportunity for a long from H4 correction, Daily LH,LL, without the daily close, could end up being an outside bar day which means and explosive move up to break the 2446 area. Daily is moving with weekly and weekly still heading in same direction as monthly, the monthly is moving against the yearly which means the whole move up from D1 is possibly the C swing of a correction.

The stop is a bit rich for me , so will wait on H1 for further dips to trade into longs.
Follow The Markets Structure - Patience and Discipline
  • #739,009
  • Apr 3, 2023 6:35am Apr 3, 2023 6:35am
Quoting pipfarm
Great opportunity for a long from H4 correction, Daily LH,LL, without the daily close, could end up being an outside bar day which means and explosive move up to break the 2446 area. Daily is moving with weekly and weekly still heading in same direction as monthly, the monthly is moving against the yearly which means the whole move up from D1 is possibly the C swing of a correction. The stop is a bit rich for me , so will wait on H1 for further dips to trade into longs.

PS

From the h4 correction which made 3 swings down, if we were to use S&R the support has now become resistance and price has blown through it, so not much of an area to retest.
Follow The Markets Structure - Patience and Discipline
  • #739,010
  • Apr 3, 2023 6:37am Apr 3, 2023 6:37am
Quoting JereMi256
Short 1.2322 SL 1.2379 TP pending...
Stopped out!
Face 'ur fears & tame 'ur greed
  • #739,011
  • Apr 3, 2023 6:40am Apr 3, 2023 6:40am
I dont buy it, better sell, waiting for liqudity grab above 2440 some pendings there til 2480
People don't plan to lose. They lose because they don't plan.
  • #739,012
  • Apr 3, 2023 6:43am Apr 3, 2023 6:43am
Quoting KareemAliFx
McDonald’s is laying off and shutting down corporate offices in the US. Unemployment rate should be going up ! Bad news for USD !
I am so happy and proud , I have successfully achieved my funded account ! Cheers !
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Master your mind. Master Trading.
  • #739,013
  • Apr 3, 2023 6:44am Apr 3, 2023 6:44am
Price entered the resistance zone. Needs to see if US data helps GU to break this resistance till then wait n watch.
Quoting anandy1
Nice bounce from 1.227 to 1.23. Hourly still looks bullish and i will be resist taking short here. It can easily tap 1.235. {image}
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  • #739,014
  • Apr 3, 2023 6:46am Apr 3, 2023 6:46am
Woke up at 5am to see the rocket took off without me. I've been sitting out waiting for a pull back to get in but there hasn't been one in sight. Trying to wait til NYO to see what happens. FOMO is a mf. Sitting on your hands is the hardest part of trading by far. Remember everyone, let the set up come to you. Hope everyone has a great start to the trading week.
  • #739,015
  • Apr 3, 2023 6:47am Apr 3, 2023 6:47am
Re-entry short 1.2378

SL 1.2387
Face 'ur fears & tame 'ur greed
  • #739,016
  • Apr 3, 2023 6:54am Apr 3, 2023 6:54am
I don't believe dx will drop below 102
My entry is 1.237000
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yes yes yes
  • #739,017
  • Apr 3, 2023 7:03am Apr 3, 2023 7:03am
Quoting callmechief
Hi everyone, I've taken a long position on CHFJPY against the peak formation put in on Friday. Market makers cross over perceived "support" and "resistance" levels for one reason - money. The way I see it, the market maker violated Yesterdays low, where sell limit orders are commonly placed ahead of a retail projected downtrend. Market makers then accumulate that volume of sellers and work the market agains that rather high volume. All three major sessions interacted with Thursday's high and I am looking for some kind of interaction on that price...
Current market movement is in-line with my analysis, although CHFJPY likes to run HARD before actually trending for the day. I was expecting a trend overnight and am sad it didn't yet.Do you notice how the European session was continuing to work price in a choppy manner, creating a "ascending flag" pattern in price action - Where most resources on the internet tell you to go long in this zone, the market maker breaks the higher lows put in, stopping out a volume of buyers in a ~30 pip swing low. On the 15M chart, price broke the support, then railroad tracked back upwards A sign the bearish engulfing hit the stops, and the bullish engulfing might signal a continuation of the trend if they really do intend to rise...

Note that I shifted my stop loss from behind, to out in front of my long position. I'm not some magic day trader and I could very well be wrong. It's no excuse to give your money back to the market maker.

See y'all at the US open in an hour!
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Discouragement is the language of the devil. Results over hype.
  • #739,018
  • Apr 3, 2023 7:08am Apr 3, 2023 7:08am
Adr is more than 100 pips
Drop mf
Eu is 20 pips below its high
Ut gu is still at its highest price for today
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yes yes yes
  • #739,019
  • Apr 3, 2023 7:11am Apr 3, 2023 7:11am
if dxy drops this shit rises .. and when dxy rises this shit refuses to move
just cable doing cable things.
  • #739,020
  • Apr 3, 2023 7:14am Apr 3, 2023 7:14am
Quoting callmechief
{quote} Current market movement is in-line with my analysis, although CHFJPY likes to run HARD before actually trending for the day. I was expecting a trend overnight and am sad it didn't yet.Do you notice how the European session was continuing to work price in a choppy manner, creating a "ascending flag" pattern in price action - Where most resources on the internet tell you to go long in this zone, the market maker breaks the higher lows put in, stopping out a volume of buyers in a ~30 pip swing low. On the 15M chart, price broke the support,...
If that was an bullish ascending triangle then surely price should have broken through the top without making that swing low, the break below the ascending triangle invalidates it as a long.
Follow The Markets Structure - Patience and Discipline
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