Cable Update (GBPUSD)

I loss 20 pips on long. I hope this one work out.
Just a bit more. Don't give up on me

Gold buy 1955 risk 10 for 20

...2797 was a prev minor dly sw lo zone (hollow) on dly t/f that wasn't then respected as pot sbr from below it.

dly below

...is the market after the stops under 2763?

Trade closed ALHAMDULILLAH. Hoping best for new tomorrow.

buy GU 2798 sl 15 pips

maybe wrong
trade safe

cheers

Hi, I don't know your trading style but if I were a longer-term buyer from these levels (I'm not) I'd want my stop under 2763.

Juda i see you lurking again --- are you a pervert peeping tom or a spy ??? Mmmmm the mind boggles

This is what you have to be wary of

Your chart looks very complex, how do you manage to read all those indicators/lines at the same time? Thanks

GU: H1

* bears have it atm.
* 76.4% 2763-2888 reached @ current dly lo.
* 51% 30day adr traveled so far today.
* dly t/line joining 0327 with 2763 comes thru on current gmt+3 4hr candle circa 2787.

1hr below

second Buy 2793 own risk 25

GU to 1.27 Here we go!

There is no volume supporting the GU down movement. It can either continue to slide or reverse...

I'll respond to this post with you because I seriously doubt info junkies and data traders can answer this. Firstly, take away the "economics news/announcements" "calendar" and see how many "traders" scurry into the shadows to duck for cover. Next, a "market" is not econ. news etc. It is the culmination of real life, both in agenda format AND side stream activities that may be seen as "unforeseeables" to some. Liquidity is not a "thing" it is the 'money system' at work. I REALLY wish bullshit artists would stop saying "It's liquidity! It's liquidity!" As a general statement, MANY I see around don't think about what money IS. It's NOT a bank or a credit facility. So "liquidity" doesn't just show up, have a beer then leave a person's chart. A price is similar to a "portal" in that you can gain access if you see how money is thinking. Most do not think so they "trade what they see AKA interpret". You can see "liquidity" on a 1min chart IF you appreciate what you're looking at. Matters not what style of chart you use. Even a column of numbers can tell you what goes on. Of course "traders" react to news. They may classify themself as a trader but they're not. Why? Econ news and announcements are not THE news that relates to movements. Nobody bothered to pay attention to the full picture to note when the "news" does NOT align with "cool moves" ????? HTF's are therefore not what people think they are. But to understand this, one needs to look beyond the screen and look out the window at real life. EG - I think it's VERY funny when "professional traders/investors" don't speak of real things. And they speak of "getting stopped out and then left behind on the move. Makes me giggle. The consolidated "market" doesn't just wake up one morning and say "We've reached a 20 week low, I think it's time to go up". Anyone who actually really trades an index or similar, would know that it doesn't work this way. Why? Indices work a little different to FX etc. They consolidate and constitute whereas FX is a more of a conduit and facilitator for capital and debt. This is also why I have said that "confluence bias" is not real. Just as DXY AKA "Dollar Index's" are not real so they cannot be relied upon. And the list goes on and on. HTF's activity is very broad in its use of timed price so "news" can be injected at many points. These things I know to be true and real as I have been studying markets for many years.

amd where do you see the volume?

Another bad trade, lost 20 pips.

next trade

...exactly! I dunno what they're up to but we're watching

Tradingview has volume, not 100% accurate but indicative or better than nothing. The volume that they are showing is lighter than normal for this time of day.

Edit On Tradingview both GU and US Dollar index have volume information.

You caught 'em

Buy GU at the current price 1.2788

Stop loss 1.2758

Target 1.2958

Happy trading everyone!