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Cable Update (GBPUSD)

  • #739,621
  • Apr 6, 2023 3:24am Apr 6, 2023 3:24am
my view before the news at 14.30
gbpusd update

bellow green line = short
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Trendlines H1,H4, SMC
  • #739,622
  • Apr 6, 2023 3:24am Apr 6, 2023 3:24am
Attached Image (click to enlarge)
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The price is in between trendlines in both directions.

I need 4hr bar to close inside shaded triangle above to look for a buy setup.

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I took some buys today messy, but still up at BE.

No more trades right now...
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.7%
  • #739,623
  • Edited 3:56am Apr 6, 2023 3:25am | Edited 3:56am
Quoting Elysion
{quote} Might back test it for scalping and see how it works for me. Seems interesting enough for scalping.
I use it with other MTF analysis. The higher TF I hold more weight to. The bands do different thing to the price on different TF. Not really they help me decide which way I think price is going to go (does the price follow the MA or does the MA follow price). Today is a ranging market, so it will hopefully range and I can use the outer bands on the lower TF to find what is the turning point.
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Don't trade what you think. Just what you see!!!
  • #739,624
  • Apr 6, 2023 3:32am Apr 6, 2023 3:32am
There is no chance of winning short without breaking this solid support.
I'm trying my third short without learning.

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  • #739,625
  • Apr 6, 2023 3:33am Apr 6, 2023 3:33am
If this isn't moving anywhere for the next 30 mins. I'll just close everything. :/
Exhausted
  • #739,626
  • Apr 6, 2023 3:47am Apr 6, 2023 3:47am
I’m still long lol
Insane in the Brain..
  • #739,627
  • Apr 6, 2023 3:47am Apr 6, 2023 3:47am
Quoting KareemAliFx
{quote} the consolidation and the 4HR bearish engulfing candle is my reasoning .
Quoting Elysion
{quote} Ohh, Pat joining the short train.
\\

Quoting ScalaFX
{quote} Batman Setup! Im cry laughing!
Batman on the move.............


EU

Joining your short
I've decided to give it a SHORT real time trade call ... instead.
Closed all Long earlier .
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #739,628
  • Apr 6, 2023 3:52am Apr 6, 2023 3:52am
Quoting Elysion
If this isn't moving anywhere for the next 30 mins. I'll just close everything. :/


GU

Let her get to "C" first...Then you can closed......

"C" = Closed.............

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #739,629
  • Apr 6, 2023 4:01am Apr 6, 2023 4:01am
buyers need to pressure the support, 1.24500 still holding at the moment
Keep the Lights on then you can catch the rise from the dark.
  • #739,630
  • Apr 6, 2023 4:04am Apr 6, 2023 4:04am
Quoting Pat Chiko
{quote} GU Let her get to "C" first...Then you can closed...... "C" = Closed............. {image}
I'll wait as accordingly to your charts then
Your C is my tp area as well but my patience is running thin in this range.
Exhausted
  • #739,631
  • Apr 6, 2023 4:08am Apr 6, 2023 4:08am
Quoting BeeTogether
I’m still long lol
Should go up now!!!! I hope anyway!!!
Don't trade what you think. Just what you see!!!
  • #739,632
  • Apr 6, 2023 4:12am Apr 6, 2023 4:12am
Quoting Pat Chiko
{quote} {quote}\\ {quote} Batman on the move............. EU Joining your short I've decided to give it a SHORT real time trade call ... instead. Closed all Long earlier . {image}
Thanks Pat! dollars coming in now
You have an IQ lower than 90 if you interact with this user.
  • #739,633
  • Apr 6, 2023 4:14am Apr 6, 2023 4:14am
Quoting Theoak
{quote} I use it with other MTF analysis. The higher TF I hold more weight to. The bands do different thing to the price on different TF. Not really they help me decide which way I think price is going to go (does the price follow the MA or does the MA follow price). Today is a ranging market, so it will hopefully range and I can use the outer bands on the lower TF to find what is the turning point. {image}
Closed all my long down now as the outer bands are in play!!! Happy days!!!
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Don't trade what you think. Just what you see!!!
  • #739,634
  • Apr 6, 2023 4:14am Apr 6, 2023 4:14am
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yes yes yes
  • #739,635
  • Apr 6, 2023 4:24am Apr 6, 2023 4:24am
Yesterday and today...

The difference is due to -

Different ball game.

Yeah.

Yesterday was fast....

Today..hmmm
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Intraday only.
  • #739,636
  • Apr 6, 2023 4:25am Apr 6, 2023 4:25am
There are two things that can happen here. yeh, yeh Up or down, but it all depends on the timing of the MTF. Lets wait and see!!! As they will fight until they line up!!!
Don't trade what you think. Just what you see!!!
  • #739,637
  • Apr 6, 2023 4:27am Apr 6, 2023 4:27am
Quoting KareemAliFx
{quote} nice trades my friend , cheers !
Thanks I am trying, there is always a tendency to revert to the mean, at some point like clockwork and the zone I look for is centered about the h4 56 pd or 120 pd, Im starting to like the shorter period ma, and when they hit the zone it's like magic volatility spikes and you get a few good large momentum candles and I add to them like crazy, they will make 15 to 40% of the total move in a fraction of the time like a slow motion scalp setup that can take days, have to watch it like a hawk and there's some dd lol but you can collect some serious return and walk away and pet the dog don't have to be in all the time pretend to know which direction it's going to go, only that it's headed back to the ma like a rubber band... Xau hit that zone the hardest this time on the ny open wow it was moving. I believe we can read the news on the chart before it comes out, and it's almost like the news cycle is manipulated to create the money cycle but whatever it is I like it!
  • #739,638
  • Apr 6, 2023 4:32am Apr 6, 2023 4:32am
Quoting navk
Yesterday and today... The difference is due to - Different ball game. Yeah. Yesterday was fast.... Today..hmmm {image}
Navk if you have time I would appreciated your answer.

Lets say if you shorted yesterday during Asian session from price 1.25058 and 1.24984 . Where would you take profit and why? This is a 5 minute chart.

Thanks
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How to succeed in zero sum game?
  • #739,639
  • Apr 6, 2023 4:33am Apr 6, 2023 4:33am
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yes yes yes
  • #739,640
  • Apr 6, 2023 4:33am Apr 6, 2023 4:33am
Quoting W0lfram
{quote} {image}
Found POC from Jun 9 and closed some kind of gap from Jun 9-10
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1.269 or 1.183
Bearish day with positive Delta to confirm
Air force
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