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Cable Update (GBPUSD)

  • #778,281
  • Edited 1:35am Sep 27, 2023 1:14am | Edited 1:35am
USD is the only currency going up against Yen and it's only a matter of time 150 will be hit and provoke the reaction. Other currencies are slowly depreciating day by day. CHF/JPY is 400 pips from the high already, GBP/JPY 550 pips.
  • #778,282
  • Sep 27, 2023 1:18am Sep 27, 2023 1:18am
Gu play today- buy near daily S2, sell 20 pips below daily R1

LO will probably bring PA to S2 & NYO to R1

OR LO will show R1 & NYO S2
  • #778,283
  • Sep 27, 2023 1:25am Sep 27, 2023 1:25am
Quoting TheWraith
{quote} Both EUR/USD and GBP/USD are the biggest trash among the currency pairs... but people seem to be emotionally attached to them, because they are the most popular ones. For example, EUR/AUD, EUR/NZD or GBP/AUD, GBP/NZD are much better.
Markets are constantly changing, need to change your style to fit, markets don't know the way you trade and don't comply...
  • #778,284
  • Sep 27, 2023 1:28am Sep 27, 2023 1:28am
Quoting Waveskierrob
{quote} Markets are constantly changing, need to change your style to fit, markets don't know the way you trade and don't comply...
That's all true, however on GBP/AUD Range is 100 pips and on GBP/USD it's 25.
  • #778,285
  • Sep 27, 2023 1:32am Sep 27, 2023 1:32am
If MN Candle closes below 1.21, Bears are far from being over.
If it closes above 1.21, I'll be going for 1.33, at least.
  • #778,286
  • Sep 27, 2023 1:32am Sep 27, 2023 1:32am
New strategy
First you wait to price to go to the extreme band ,
then for stochastic to go to over bought/ sold then enter at the cross to the other side of the extreme band
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yes yes yes
  • #778,287
  • Sep 27, 2023 1:36am Sep 27, 2023 1:36am
i dont see any CHoCH so markdown still has to go further. Hard days for countertraders. Anyway DX has a RSI div on TF H1, a relative small retrace is not excluded.
chaos is just unknown order
  • #778,288
  • Sep 27, 2023 1:36am Sep 27, 2023 1:36am
Looking at the US$ for some sign of support for a GU rally and so far seeing the opposite.
  • #778,289
  • Sep 27, 2023 1:37am Sep 27, 2023 1:37am
Quoting TheWraith
{quote} That's all true, however on GBP/AUD Range is 100 pips and on GBP/USD it's 25.
...so change your style to fit, also GU and EU have smaller spreads...
  • #778,290
  • Sep 27, 2023 1:38am Sep 27, 2023 1:38am
Quoting Waveskierrob
{quote} ...so change your style to fit, also GU and EU have smaller spreads...
I'm saving my money by not trading in this environment.
  • #778,291
  • Sep 27, 2023 1:39am Sep 27, 2023 1:39am
DXY crosses 106. 160 more to 107.6.

By this calculation GBP/USD will hit 1.19 in the future if this is correct and EUR/USD 1.03.
  • #778,292
  • Sep 27, 2023 1:40am Sep 27, 2023 1:40am
Quoting TheWraith
{quote} That's all true, however on GBP/AUD Range is 100 pips and on GBP/USD it's 25.
...also next month GA could be ranging 25 pips and GU ranging 100pips we just don't know...
  • #778,293
  • Sep 27, 2023 1:42am Sep 27, 2023 1:42am
Quoting TheWraith
{quote} I'm saving my money by not trading in this environment.
good on yea but are the those who are making money in this environment, how is the question you should be asking...
  • #778,294
  • Sep 27, 2023 1:44am Sep 27, 2023 1:44am
Quoting Waveskierrob
{quote} ...also next month GA could be ranging 25 pips and GU ranging 100pips we just don't know...
If I picked one random TF of some random currency pair from 5 years ago, would you know which pair it is?
  • #778,295
  • Sep 27, 2023 1:46am Sep 27, 2023 1:46am
Quoting Waveskierrob
{quote} good on yea but are the those who are making money in this environment, how is the question you should be asking...
I like investing more it seems. I think I found the proper way to trade for myself and that is to invest. Scalping isn't for me, not as good as in swing trading.
  • #778,296
  • Sep 27, 2023 1:49am Sep 27, 2023 1:49am
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Morning I missed the earliest entry so try this one . Coffee time then have a check to see what’s going on
  • #778,297
  • Sep 27, 2023 1:51am Sep 27, 2023 1:51am
US Senate declared a pause or whatever, according to Zebi USD goes up, USD/JPY breaks 150, Japan intervenes and USD is sold off and reversal on USD starts. Hahah Wishful thinking..
  • #778,298
  • Sep 27, 2023 1:52am Sep 27, 2023 1:52am
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15 min for now seems to be trading over the ema . So keep a check on that . Coffee now .. that was important not to post but careful
  • #778,299
  • Sep 27, 2023 1:53am Sep 27, 2023 1:53am
Quoting elbert3
{image} 15 min for now seems to be trading over the ema . So keep a check on that . Coffee now .. that was important not to post but careful
This MA Forex Factory has is actually not bad at all.

Also, you need to check those notifications sometimes hahahahah
  • #778,300
  • Sep 27, 2023 1:54am Sep 27, 2023 1:54am
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Last time it traded above was only a 10 pip is range so note that too
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