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Cable Update (GBPUSD)

  • #740,321
  • Apr 11, 2023 2:17am Apr 11, 2023 2:17am
gbp
what we will do with RESISTANCE?
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Trendlines H1,H4, SMC
  • #740,322
  • Apr 11, 2023 2:18am Apr 11, 2023 2:18am
Quoting Whale
Swing high to swing low on daily? 1.218 and below is my current target. will be bumpy as hell.. 1.22-1.23 look like a block but {image}
time to sell.
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  • #740,323
  • Apr 11, 2023 2:22am Apr 11, 2023 2:22am
Quoting pipcenturion
{quote} You are a bad-ass trader! Good work!
Oh thank you but Im learning all the time, just stick to the charts and watching what is going on. QM is one of the strongest patterns. Hold or not? That market show us, upper we have some LQ to grab so from here we can dive some or from 2445-2455, lets see, trade safe!
People don't plan to lose. They lose because they don't plan.
  • #740,324
  • Apr 11, 2023 2:25am Apr 11, 2023 2:25am
Quoting donfriday
{quote} retail trader money is very important my target for now is 1.2450 from this zone
waiting
MY OPINION NOT FINANCIAL ADVISE
  • #740,325
  • Apr 11, 2023 2:27am Apr 11, 2023 2:27am
EU

Many who don't understand how to trade was laughing at this LONG set up.

As I've written earlier in this thread "Be like Water.... Stay fluid".
Thus I keep my trades to target, even some "Think" or "guessing" this "Should" be short set up.

Learn hoe to read chart before laughing at other people trades.
Respect price and respect newbie ( like me).

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.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,326
  • Apr 11, 2023 2:28am Apr 11, 2023 2:28am
Quoting Whale
{quote} time to sell. {image}
time to let go -10p

i dont like the momentum.
useless dollar can't get the job done in one time.

will reenter after it calm
  • #740,327
  • Apr 11, 2023 2:29am Apr 11, 2023 2:29am
Morning all,

Its been lovely to see this pair have grinded higher overnight - if i stick to my thoughts and charts yesterday I thought this push higher would pace the way up to 124.5 if it held, shorts to me look risky right now might be okay to scalp retracing back from highs but SLs needed as this could pop anytime looking at the zone we are in.

The same goes the other way big money might want to get back in after the holidays and try to see this go lower or just ride it up and take out all the shorts that were hoping for a bigger retracement

Looking at it now 1.242 is now short term support and needs to be taken out heavily for any look at shorts with a decent amount of pips- there may be some resistance around 1.245/1.246 - where we may see some pull back here but if its strong a follow through 1.25 is on the cards - no big news so market sentiment is what its about today i think
  • #740,328
  • Apr 11, 2023 2:29am Apr 11, 2023 2:29am
Quoting Pat Chiko
EU Many who don't understand how to trade was laughing at this LONG set up. As I've written earlier in this thread "Be like Water.... Stay fluid". Thus I keep my trades to target, even some "Think" or "guessing" this "Should" be short set up. Learn hoe to read chart before laughing at other people trades. Respect price and respect newbie ( like me). {image} .
Nice setup! Good to see you earned some for food
People don't plan to lose. They lose because they don't plan.
  • #740,329
  • Apr 11, 2023 2:30am Apr 11, 2023 2:30am
Oh so as i write that it hits high and retraces for a good short postition haha, lets see if that support holds
  • #740,330
  • Apr 11, 2023 2:31am Apr 11, 2023 2:31am
Retested now broken TL and we have QM, price can dive some from here, or can climb one more time to bullish channel, risk is up to you
People don't plan to lose. They lose because they don't plan.
  • #740,331
  • Edited 2:53am Apr 11, 2023 2:33am | Edited 2:53am
Quoting Theoak
Short in at 1.2411
I have added at 1.2426.. I hope that is the last push by the bulls. I don't like adding to a losing trade, but there was a sufficient reaction of the smaller timeframe to see a drop. Will have to see if some kind of bear action or will have to take a hit (never chase losing trades; You'll lose your underpants).
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Don't trade what you think. Just what you see!!!
  • #740,332
  • Apr 11, 2023 2:38am Apr 11, 2023 2:38am
Quoting Pat Chiko
EU Many who don't understand how to trade was laughing at this LONG set up. As I've written earlier in this thread "Be like Water.... Stay fluid". Thus I keep my trades to target, even some "Think" or "guessing" this "Should" be short set up. Learn hoe to read chart before laughing at other people trades. Respect price and respect newbie ( like me). {image} .

That was a spectacular set up, Took a trade and closed it quickly.

You can see that on my trade explorer. Keep up the good work Pat!
  • #740,333
  • Apr 11, 2023 2:38am Apr 11, 2023 2:38am
Quoting Pat Chiko
{quote} I hope so, to get some money by Ifftar. It has been past 20 day and 10 days to go for fasting.....
Bro that's you waiting
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More time in the market, does not mean you trade better!
  • #740,334
  • Apr 11, 2023 2:43am Apr 11, 2023 2:43am
Quoting ScalaFX
Retested now broken TL and we have QM, price can dive some from here, or can climb one more time to bullish channel, risk is up to you
GU

I want to copy you.
Thanks you.
BTW : What is your refund policy like?.............

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,335
  • Apr 11, 2023 2:46am Apr 11, 2023 2:46am
Quoting Pat Chiko
{quote} I hope so, to get some money by Ifftar. It has been past 20 day and 10 days to go for fasting.....
Pat..Tomorrow 12.4.23 i ll be in KL. Jom breakfasting.!
  • #740,336
  • Apr 11, 2023 2:50am Apr 11, 2023 2:50am
Looking for anything near 125 today daily r1 acting strong so far but if it breaks the move to 125 near r2 cannot be ruled out
Insane in the Brain..
  • #740,337
  • Apr 11, 2023 2:50am Apr 11, 2023 2:50am
Short again
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  • #740,338
  • Apr 11, 2023 2:52am Apr 11, 2023 2:52am
Quoting ScalaFX
{quote} 243x will be nice QM for continuation have a pending short there
GU

QM Short is the Inducement.
Price in the process of making QM Buy, by breaking higher dragging along buyer and taking out Seller SL.

Then in an hour or so, it will move back down to the real Rocket zone to blast off.
My previous chart summarise it all.

First is Direction, Second is Timing, Third is Risk Management. Forth is LUCK....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,339
  • Apr 11, 2023 2:52am Apr 11, 2023 2:52am
And we're OFF!

Price broke through the 1st key level at 1.2432

Next stop?

Key level 2 of course.

We hit that yesterday.

So whats next?

The bounce, the churn whatever you wanna call it - we're in it!

It's a time of extreme volatility as both longs and shorts pile in.

Ultimately it all ends in the same thing...

...a move down to key level 4

Shorts!

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  • #740,340
  • Apr 11, 2023 2:56am Apr 11, 2023 2:56am
Short 1.2433 SL 1.2463
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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