Cable Update (GBPUSD)

Look at potential order blocks and spots of liquidity for long. Maybe potential retracement to 1.28 for a good entry then we breakout. It could totally just keep going up instead of retracing as well but I don’t think that’s likely. Very new to trading and I kind of journal my thoughts in here to give me a record of my predictions. This whole week is going to be very bullish as the 1H 4H 1D and Weekly are in an uptrend.

I think it has some distance left to cover upside

took this short from monthly lows
looking at usdx i assumed ucad would sink from the lows along with the round number. i would like to tp at last weeks low

took short.

2871.

Stop 2876

4am here.. took some fomo longs lol

ehh long or short is pretty risky at the moment, but trade on my guy

It probably goes without saying but, while the focus of this thread is GBP, the JPY has been another mover today and this evening. I still have positions open in both the GBP/USD and JPY/USD, moving stops to protect profits (1.2855 and 140.95, respectively). I'm done for this evening and will be back before NY open. Trade well!

stops at 28630.
Who is your guy?

well where im from saying my guy is like saying friend

Upside.. a lot of air
the next possible resistance zone is 1.29/1
downside the possible retrace zone before climbing are on my chart

Maybe if your insight wasn't made up of so many of the same inputs (just in different forms) you would already have your 10p and be moving on to the next inroad .... ???? Mmmmm ?? At a glance, I see 10 things telling you the same thing. That's not very helpful. That's the "uuum and uuhhh" game. It's a good way to get conflicting insight. Just my input. Take it or leave it.

SUPPORT & RESISTANCE WAS MADE TO BE BROKEN.

all chf pairs have broken their respective yearly highs and lows

Time value, Bid value, Risk.

Fools try to use "correlations" when you really don't understand the "why" and how.





I'm not impressed when people use R:R and Win SR's as a means to see value. That's why you don't have my respect. You question the trivial but never the important things. A sure sign of a gambler.

Value is in real liquidity not assumed/presumed liquidity. You people understand what keeps an economy of any kind, moving right? Is it "zones" of 'liquidity' or something else?

Re: the pic above .... if all you see is "technicals" then you are coming at it all ass end backwards.

But it won't matter what's said here. You people don't look at real life you look at charts and "data" and then call it real. That's insane in itself.

But hey ...... "the crowd" is always right...... right? Hihihihi.


Peter

Omg too early for the bullcrap back to sleep again.

It's actually rather simple. Money needs a host. So how many differing directions are there on your chart? Up and down are a given. Others?

Amicable. Push. Retreat. Bad time Good time. Assets overlap. Even CFD's with other classes etc.

Go and grab 3 different charts of 3 completely different assets and just LOOK. If you want to manage money (but for you perhaps .... "trade") via these markets you need common sense. And common sense dictates that my chart above in prior post CANNOT exist in ANY isolated way or form...... not in this type of society. So a derivative cannot be alone EVER. So it HAS TO BE more than "liquidity providers" and brokers and "the chart". Why? Because LQ's and brokers do not hold all the money EVER. ......... common sense. OR .... look at that chart and follow whatever BS comes to mind to make you feel good. Therefore 5% is rather simple when you stop using backyard thinking. Instruments collide, assets collide, markets compensate. So "big pips doesn't equal big bucks". Have fun.

Sorry if this doesn't merge well with your idea of trading.

Peter

GBPUSD now enters the mode of "GO UP WITHOUT CORRECTION"
we repeat our prev buy recommendation at 1.2855 --- target is 1.2950 (or 1.2923 for afraid)

high possibility go to 1.3086/1.3150 tommorw at cpi news..
but today cable news in 1hr ..i think is the key..continue up or making correction

bro why do u love trading cables, is this a good pair by any chance.

New Position Using Bella's Price Action

Short GBPUSD : 1.28807
S/L : 1.29051
T/P (max ) : 1.25922

Bella's Blue ( beta v1.7 E )