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Cable Update (GBPUSD)

  • #741,541
  • Apr 18, 2023 4:02am Apr 18, 2023 4:02am
Quoting pipfarm
{quote} Would you care to explain further?
It is not bad to know when to open and to close, therefore I asked him exactly about today, because so many different ideas. Generally " Just follow the trend" is OK, each forex guru will tell you this.
  • #741,542
  • Apr 18, 2023 4:04am Apr 18, 2023 4:04am
..added short here
chaos is just unknown order
  • #741,543
  • Apr 18, 2023 4:18am Apr 18, 2023 4:18am
Quoting ninner
having fun long eurjpy ..up now 360 pips lol
Great me too.....but i'm up 36,000 pips ......so much fun
  • #741,544
  • Apr 18, 2023 4:21am Apr 18, 2023 4:21am
Quoting Luxyus
..added short here
I believe that you aren't the only one!
Every time this has started to move down in the past hour, it reverses and moves up a bit before trying again.
Stop hunting?
  • #741,545
  • Apr 18, 2023 4:29am Apr 18, 2023 4:29am
Quoting Moty
{image}
12537 yes please! Although if it get that high I can move my SL to b/e (12500)
Insane in the Brain..
  • #741,546
  • Apr 18, 2023 4:30am Apr 18, 2023 4:30am
Quoting dantpm
{quote} I believe that you aren't the only one! Every time this has started to move down in the past hour, it reverses and moves up a bit before trying again. Stop hunting?
i m sure i m not the only one xD
if u check H1 u can easly see how MM are stopping out..broadening formation
chaos is just unknown order
  • #741,547
  • Apr 18, 2023 4:44am Apr 18, 2023 4:44am
12440 a tough nut to crack… the UK data seemed a mixed bag so surprised at the bullish move tbh
Insane in the Brain..
  • #741,548
  • Apr 18, 2023 4:52am Apr 18, 2023 4:52am
Possible GBP reverse points for me within next 24 hours. in overall GBP looks like going to strong. because of that there will be consolidations around current area

Inserted Video
  • #741,549
  • Apr 18, 2023 4:52am Apr 18, 2023 4:52am
In some sells
Attached Image (click to enlarge)
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  • #741,550
  • Apr 18, 2023 5:07am Apr 18, 2023 5:07am
Attached Image (click to enlarge)
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yes yes yes
  • #741,551
  • Apr 18, 2023 5:09am Apr 18, 2023 5:09am
short 1'2428
Don't trade what you think. Just what you see!!!
  • #741,552
  • Apr 18, 2023 5:09am Apr 18, 2023 5:09am
Quoting Moty
{image}
fire up those rockets sir
Insane in the Brain..
  • #741,553
  • Apr 18, 2023 5:17am Apr 18, 2023 5:17am
Quoting AlfieSolomon
In some sells {image}
Takeprofit hit, now looking for buys , as Mr whale said there's choch on 1 hr i agree with him
  • #741,554
  • Edited 5:53am Apr 18, 2023 5:18am | Edited 5:53am
First time using EW. Can someone please tell whether the wave is good?

Currency Pair: GU
Timeframe: Daily
EW Rules Considered:
#1 Wave 3 the longest amongst Impulsive waves (i.e wave 1, 3 and 5)
#2 Wave 4 not overlapping Wave 1 Top
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (207).png Size: 42 KB

Edit:
Corrective A B C Wave is purely on Chart LQ level, no Fib level was used
More time in the market, does not mean you trade better!
  • #741,555
  • Apr 18, 2023 5:34am Apr 18, 2023 5:34am
Quoting Theoak
short 1'2428
closed down. I think you might be right moty
Don't trade what you think. Just what you see!!!
  • #741,556
  • Apr 18, 2023 5:56am Apr 18, 2023 5:56am
Quoting eyefeelsix
{quote} Buy Side Liquidity Grab --- I earn 9R*2 for this opportunity {image}
after the fifth --- medium to long term ABC juice recipe lol
Attached Image (click to enlarge)
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https://breakpullback.com
  • #741,557
  • Apr 18, 2023 6:07am Apr 18, 2023 6:07am
My VAP shows that GU had now done a degree two swing high.

Any move above today's current high will be faded

One can wait for the liquidity grabbing to end and then sell as price comes back below the 1.2441 high

I am not sure how far they will make the stop hunt be but selling on seeing a bearish candle pattern after exceeding the 1.2441 high is my recommendation
  • #741,558
  • Apr 18, 2023 6:11am Apr 18, 2023 6:11am
Two untested VAP levels reside above the current high of day

1.2456 and 1.2495

Sellers ought to be waiting there especially if the run up is seen during news release
  • #741,559
  • Apr 18, 2023 6:28am Apr 18, 2023 6:28am
Quoting martinez1
{quote} Hahahhaahhahaha, This is always the problem, so because am trading a multi million dollar account i should not be here on forex factory or on this thread? i may be in and out, post a little but bro i have been here for over 10 years so am not going anywhere. Lol. Has for my account i will show it but not today. cheers more pips to you
Not today... sounds to me like you need time to Adobe Acrobat that thing. 600K. In a sideways trending market making small breakouts. Good luck to you too my man.
Don't compare your trades to others. Most often the masses are the asses
  • #741,560
  • Apr 18, 2023 6:46am Apr 18, 2023 6:46am
GBP
double top pattern
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
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