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Cable Update (GBPUSD)

  • #749,781
  • Jun 6, 2023 2:39am Jun 6, 2023 2:39am
Quoting Scotteyy
Gonna let a short run over night. Short 12430, SL 12450, TP open. Fairly confident we will see bears in the asian session, possibly naively so.
Wasnt a good idea, won’t be doing that again. I’ll stick to trading during hours I’m awake! In short again at 12440, SL 12460, TP 12390
  • #749,782
  • Jun 6, 2023 2:49am Jun 6, 2023 2:49am
Quoting Yngwie
Long 1.2427 SL 1.2410
May I ask what is your entry trigger? Or you just enter at particular zone without any trigger or confirmation?
  • #749,783
  • Jun 6, 2023 2:52am Jun 6, 2023 2:52am
...last 30min 1 bearish close, will 1hr be in a few mins? Bulls trying just short of the 38.2% of y/day's lo - asian/current dly hi move.

1hr below
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Trader with an Edge.
  • #749,784
  • Jun 6, 2023 2:54am Jun 6, 2023 2:54am
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  • #749,785
  • Jun 6, 2023 3:12am Jun 6, 2023 3:12am
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EU and GU divergence
  • #749,786
  • Jun 6, 2023 3:15am Jun 6, 2023 3:15am
Quoting eyefeelsix
{quote} mytrailing-stop ran to 1.2460 {image}
first day on Cable to adding short after the price failing to break my trailing-stop
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https://breakpullback.com
  • #749,787
  • Jun 6, 2023 3:21am Jun 6, 2023 3:21am
bought GU, 7 pips SL 80 pips target
  • #749,788
  • Jun 6, 2023 3:23am Jun 6, 2023 3:23am
Quoting Yngwie
Long 1.2427 SL 1.2410
closed -4
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #749,789
  • Jun 6, 2023 3:23am Jun 6, 2023 3:23am
Quoting Scotteyy
{quote} Wasnt a good idea, won’t be doing that again. I’ll stick to trading during hours I’m awake! In short again at 12440, SL 12460, TP 12390
Moved SL to break even, will need to break through pivot at 12415 for bears to have control down to Daily S1.
  • #749,790
  • Jun 6, 2023 3:28am Jun 6, 2023 3:28am
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  • #749,791
  • Jun 6, 2023 3:29am Jun 6, 2023 3:29am
...3 distinct upside p/backs on 5min as price sold off the asian/current dly hi to the current dly lo...that t/f in a downtrend, harder to say on 30min and 1hr.

1hr below
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Trader with an Edge.
  • #749,792
  • Jun 6, 2023 3:42am Jun 6, 2023 3:42am
Quoting fontu
Rechecking before any engage, weekly bullish, daily at resistance, h4 and Lower tf may extend up above 2458, may even test and break 2494.. Better below 2400 to catch 2494 be fine for now if. Anyway more turmoils possible here both sides, take care One last leu up running, top failure signal 2438, ist confirmation 2432.earliest signal2446 and 42, final 2nd confirmation 2421 for bottom play. {image} {image} {image}
so 2nd confirmation at 2421 testing , retesting before breaks and hold , waiting ! after successful breaking this important support , target same , below 2399 confirmation to target 2389 to 2369, 64 or lows ! may take little time to breaks 2419 areas !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #749,793
  • Jun 6, 2023 3:45am Jun 6, 2023 3:45am
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  • #749,794
  • Jun 6, 2023 3:47am Jun 6, 2023 3:47am
Quoting Yngwie
{quote} closed -4
Long again. Long 1.2421 SL 1.2410
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #749,795
  • Jun 6, 2023 3:50am Jun 6, 2023 3:50am
Quoting mysterio
bought GU, 7 pips SL 80 pips target
Did you check H1?? Does it REALLY look like it has finished its swing down??
To free Gazans of Hamas, use whatever it takes.
  • #749,796
  • Jun 6, 2023 3:51am Jun 6, 2023 3:51am
Similar sentiment to last nights trade. Short at 12430, failure to get back to daily pivot yesterday, 12350 untested and red data was poor it didn’t hit the areas it should have. 12350-80 first for me
Insane in the Brain..
  • #749,797
  • Jun 6, 2023 3:53am Jun 6, 2023 3:53am
Quoting Yngwie
{quote} Long again. Long 1.2421 SL 1.2410
stop it..
  • #749,798
  • Jun 6, 2023 3:53am Jun 6, 2023 3:53am
Quoting DrDave
{quote} Did you check H1?? Does it REALLY look like it has finished its swing down??
That's not in my ruleset, doesn't matter to me
SL will go to BE in another 4 or 5 pips
edit-close to being break-evened. may disengage until NY session
  • #749,799
  • Jun 6, 2023 3:53am Jun 6, 2023 3:53am
Quoting BeeTogether
Similar sentiment to last nights trade. Short at 12430, failure to get back to daily pivot yesterday, 12350 untested and red data was poor it didn’t hit the areas it should have. 12350-80 first for me
it didn’t hit the areas it should have.
LOL. It hit EVERY area that is should have! I think you mean that it did not hit the areas that YOU WANTED to see hit.
To free Gazans of Hamas, use whatever it takes.
  • #749,800
  • Jun 6, 2023 4:00am Jun 6, 2023 4:00am
Quoting DrDave
{quote} it didn’t hit the areas it should have. LOL. It hit EVERY area that is should have! I think you mean that it did not hit the areas that YOU WANTED to see hit.
i trade on psychological areas (round numbers and support/resistance) so my trading bias is nearly always based on this.
Insane in the Brain..
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