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Cable Update - Continued 61 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Theoak
Looking to short this when sets-up
Short in at 1.2700
Don't trade what you think. Just what you see!!!
Have a great weekend all and Pat be careful in Burger King
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Enjoy your weekend guys. More profits next week
Quoting Bella.al
{quote} GMT Time : 15:32 I started the trade at 13:38 PM GMT and it is finishing 2 hours, market is just sleeping. I really need it to go touch the pivot hopefully today at 1.27700 it would be cool! Bella's Blue ( beta v1.6 b ) {image}
I got saved by few pips waiting for update ;

Bella's Blue
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Goddess of Thunder..
Quoting tiborf71
{quote} nos, az ár a trendcsatorna alján van, ami nagyon közel van egy feltételezett erős támasz szinthez. így van remény a bikákra. H1.
Fine and dandy that price went to the bottom of a trend channel (on some TF), but you need to account for what the conditions are on SEVERAL TFs. And when taking ALL of the information into consideration, it is more likely that price will break that bottom channel line and go down further than for it to make a reversal off of that bottom line.

EDIT: Added a visual aid.
The red dotted vertical is the sell entry spot based on ONLY those 4 lines that give a view of 4 consecutive TFs.
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To free Gazans of Hamas, flatten it--if that is what it takes.
Quoting DrDave
{quote} Fine and dandy that price went to the bottom of a trend channel (on some TF), but you need to account for what the conditions are on SEVERAL TFs. And when taking ALL of the information into consideration, it is more likely that price will break that bottom channel line and go down further than for it to make a reversal off of that bottom line.
ok, but you took into account that near the bottom of the channel there is support that seems serious.
H1.

I see that the price is stuck between 1.26805 and 1.27260. these are the two levels we have to pay attention to.
Quoting Bella.al
{quote} I got saved by few pips waiting for update ; Bella's Blue {image}
I can't believe i am still watching the chart on Friday evening. Anyways, i am still surviving, 4 hours left broker will close and it is almost near my
order open price .

bella..
Goddess of Thunder..
Quoting tiborf71
{quote} ok, but you took into account that near the bottom of the channel there is support that seems serious. H1. I see that the price is stuck between 1.26805 and 1.27260. these are the two levels we have to pay attention to.
No, I did not take into account any support at all. I took into account ALL of the TFs from M1 through D1, then focused on M30 through H4 as the rally progressed upward through the TFs. And as the rally began to slow and M30 turned back down for the continuation, I checked every 30 minutes to see if H1 also returned down. And after it did, I began to monitor M1 through H2 to see when ALL of that group was returned down and sold when it was. (As long as ANY TF in that group was up, there was risk that an up move could take over.)

Check the earlier post for the visual aid that I added.

As you will see from the visual aid, it is quite simple to monitor 4 TFs at once in a single chart.
To free Gazans of Hamas, flatten it--if that is what it takes.
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breaking any level can give you the right direction.
let's see.
Quoting Bella.al
{quote} GMT Time : 15:32 I started the trade at 13:38 PM GMT and it is finishing 2 hours, market is just sleeping. I really need it to go touch the pivot hopefully today at 1.27700 it would be cool! Bella's Blue ( beta v1.6 b ) {image}
That Is Right Long Is The Way To Go

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For a change I start with small lot this time

Because its a lazy Day

Anyway Current Target 1.27614 Its Adjustable Up Or Down

See you for now
HBS - Hussain Bin Salman
Quoting Bella.al
{quote} I can't believe i am still watching the chart on Friday evening. Anyways, i am still surviving, 4 hours left broker will close and it is almost near my order open price . bella..
You can fall in love with chart There is no harm Hahaaa
HBS - Hussain Bin Salman
Quoting Tpttonly
{quote} That Is Right Long Is The Way To Go {image} For a change I start with small lot this time Because its a lazy Day Anyway Current Target 1.27614 Its Adjustable Up Or Down See you for now
Unless you are a scalper, don't get overly excited about up swings when D1 has started DOWN.

And keep in mind that so far, the RALLIES have made it only through H2. So there are still plenty of TFs between H2 and D1 that should rally and RETURN DOWN.
To free Gazans of Hamas, flatten it--if that is what it takes.
Quoting DrDave
{quote} Fine and dandy that price went to the bottom of a trend channel (on some TF), but you need to account for what the conditions are on SEVERAL TFs. And when taking ALL of the information into consideration, it is more likely that price will break that bottom channel line and go down further than for it to make a reversal off of that bottom line. EDIT: Added a visual aid. The red dotted vertical is the sell entry spot based on ONLY those 4 lines that give a view of 4 consecutive TFs. {image}
can I ask you something, if you trade according to this method, how do you solve the SL issue.
and how you can predictably regulate DD..
actually, with this question I mean money management.

peace.
Quoting ScalaFX
{quote} easy money 1933 closed for partials, 1935 protected, waiting for more
taken half from second position, nice week close and overall happy trading folks and nice weekend
People don't plan to lose. They lose because they don't plan.
50K BTC SOON
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting Bella.al
{quote} I can't believe i am still watching the chart on Friday evening. Anyways, i am still surviving, 4 hours left broker will close and it is almost near my order open price . bella..
Yay, for now i am saved also positive territory. waiting to see how the broker ends the week.

Just to repeat what i did , Traded at 13:38PM GMT on 23.06.2023 Long as Time has Squared Date . Bella's Support : 1.26914 has been a great support.
I have lots of work in the weekend , work on Bella's Hot Zones ( Pivot Points) , Bella's Date Forecasting ( Gann Square of 9 ) and Bella's Trend-0.25 (Elliot waves )

Have a Nice Weekend.

Bella's Blue beta v1.6 b
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Goddess of Thunder..
Possible incoming WXY on NAS100

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When you feel like you HAVE to trade is when you least should!
On the 15mins and daily it looks quite bearish. For me failure to close above 12730 will confirm a bearish sentiment for next week. Naturally data and geopolitical factors can change that
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