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Cable Update (GBPUSD)

  • #741,481
  • Apr 17, 2023 10:22pm Apr 17, 2023 10:22pm
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yes yes yes
  • #741,482
  • Apr 17, 2023 10:38pm Apr 17, 2023 10:38pm
Quoting pipcenturion
GBPUSD On the H4, what we saw yesterday, when compared with the support (LOWEST CLOSE) of last week can be correctly called a DOUBLE BOTTOM. After a double bottom, price usually tests the NECKLINE. Having the above mentioned in mind, it becomes imperative that price trades toward the resistance (HIGHEST CLOSE) of last week. Well, my VAP method puts a value a few pips short of the highest close but nonetheless an excellent level where profit can be taken. VAP target is at 1.25297 Enjoy the ride everyone!
I remember you previously mentioned a Vap at 1.2305 area.
Data + Stat + Risk/Emotions Management
  • #741,483
  • Apr 17, 2023 10:44pm Apr 17, 2023 10:44pm
Quoting pipcenturion
GBPUSD On the H4, what we saw yesterday, when compared with the support (LOWEST CLOSE) of last week can be correctly called a DOUBLE BOTTOM. After a double bottom, price usually tests the NECKLINE. Having the above mentioned in mind, it becomes imperative that price trades toward the resistance (HIGHEST CLOSE) of last week. Well, my VAP method puts a value a few pips short of the highest close but nonetheless an excellent level where profit can be taken. VAP target is at 1.25297 Enjoy the ride everyone!
...which effectively sounds the death knell for my SHORT forecast.
Damn this darned VAP
  • #741,484
  • Apr 17, 2023 10:47pm Apr 17, 2023 10:47pm
Quoting Georginson
{quote} I remember you previously mentioned a Vap at 1.2305 area.
Yes there is a VAP level at 1.23022

I am looking at this trade in the context of a double bottom.

The neckline WILL NOT be broken as VAP has already showed.

After this up move, I expect a sell off that will take price down to 1.23022 then 1.2258 and quite possibly 1.2124 thereabouts
  • #741,485
  • Apr 17, 2023 10:51pm Apr 17, 2023 10:51pm
The H4 chart has a very special region 1.2405 - 1.2375 which I call a "bull's incubator" that zone is a HUGE demand level.

This is why I am increasingly confident that price will BUY
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  • #741,486
  • Apr 17, 2023 10:56pm Apr 17, 2023 10:56pm
I believe GBPUSD should reach 1.23200 and then start moving up to 1.24000.
  • #741,487
  • Apr 17, 2023 10:59pm Apr 17, 2023 10:59pm
Brace yourself seller, price act like no going down
On addition US DOLLAh so Weak, fck
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #741,488
  • Apr 17, 2023 10:59pm Apr 17, 2023 10:59pm
took long gold
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yes yes yes
  • #741,489
  • Apr 17, 2023 11:05pm Apr 17, 2023 11:05pm
Quoting GODofMC
Brace yourself seller, price act like no going down {image}
cable just take breath before deep down
  • #741,490
  • Apr 17, 2023 11:06pm Apr 17, 2023 11:06pm
Quoting Fredo219
{quote} Low breached, sl moved to BE.
BE hit
Patience.....
  • #741,491
  • Apr 17, 2023 11:12pm Apr 17, 2023 11:12pm
Quoting voeltoez
{quote} cable just take breath before deep down
Lets hope
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #741,492
  • Apr 17, 2023 11:14pm Apr 17, 2023 11:14pm
took short like novk
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yes yes yes
  • #741,493
  • Apr 17, 2023 11:24pm Apr 17, 2023 11:24pm
mister aussie is going down
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yes yes yes
  • #741,494
  • Apr 17, 2023 11:26pm Apr 17, 2023 11:26pm
Quoting pipcenturion
The H4 chart has a very special region 1.2405 - 1.2375 which I call a "bull's incubator" that zone is a HUGE demand level. This is why I am increasingly confident that price will BUY {image}
I was bullish at the beginning of the week but today will decide whether I will continue being bullish...

This week is either 1.26 or 1.21... price needs to close above 1.2475 for bulls to win this week, while price needs to close below 1.2345 for bears to win this week.

Today is a very crucial day being 18th of April which is usually the date most April usually confirm the final trend for the rest of the month and so far we have only seen 273 pips of expected 500 pips this month... price Breakout is very near. Caution is needed.
Data + Stat + Risk/Emotions Management
  • #741,495
  • Apr 17, 2023 11:31pm Apr 17, 2023 11:31pm
Quoting ScalaFX
Bought EU 0922 will add pendings 0910 0900 0893
Soo.. two positions, protected now, will bulls bounce this up? Yesterday broke 0934 stoping h4 trend up, but today we can see that was fake, I think at NY we will be at 0960 or 1000, cheers!
P.s. GU watching to go long
People don't plan to lose. They lose because they don't plan.
  • #741,496
  • Apr 17, 2023 11:47pm Apr 17, 2023 11:47pm
This is stupid, I'm done with GU
Exhausted
  • #741,497
  • Apr 17, 2023 11:51pm Apr 17, 2023 11:51pm
Quoting martinez1
{quote} Well am going to respond to this because of how polite you are, Normally i won't give my exact entries or trading system because it's my trophy after may years of battle but let me give a hints: We had a down trend on Friday so i went for continuation today after a certain BOS but unfortunately my 50 pip stop was hit seeing and knowing that is very rare to have my stop hit twice so i went in again for another break to the upside and again my stop was hit again another 50 pip. Am not the smartest but i keep my way of trading as simple as...
Well done buddy
And i wish you all the best.
I live in the future
  • #741,498
  • Apr 17, 2023 11:52pm Apr 17, 2023 11:52pm
Hi guys, I have a problem.
How can I deal with this problem if the two cycles are not in the same direction. For example, how do I deal with GU, D1 downtrend and M30 uptrend?
Thanks.
Just follow the trend.
  • #741,499
  • Apr 17, 2023 11:54pm Apr 17, 2023 11:54pm
Quoting Elysion
This is stupid, I'm done with GU
me too
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #741,500
  • Apr 17, 2023 11:57pm Apr 17, 2023 11:57pm
bears trap
took long eu to 1.100000
dx has a gap to close down
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yes yes yes
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