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Cable Update (GBPUSD)

  • #778,461
  • Sep 27, 2023 9:08am Sep 27, 2023 9:08am
Quoting cablekingdom
{quote} I think moty u r right, it will finally fly in 30 min Though m short but not at all confident there, planning to get out...This market has bullish plans fr next 2 hrs
Thank God I stayed with my shorts, i am not buying GU fr past few days
  • #778,462
  • Sep 27, 2023 9:12am Sep 27, 2023 9:12am
...It's a bearish market overall, but today the downside momentum has slowed as it has been doing this week so far, ie we are only 101pips down from Friday's/last week's lo. Intraday is bearish overall so far but has been somewhat rangy as well. This may be giving some comfort for the 'premature' bulls nursing floating losses/'building' long positions? New current dly lo being made just as I type this lol!
Trader with an Edge.
  • #778,463
  • Sep 27, 2023 9:13am Sep 27, 2023 9:13am
Quoting TheWraith
SP500, I COMMAND THEE TO DROP! EUR/USD 50 pips more to MN S2.
SP500 ~35 points more to the critical Support.
  • #778,464
  • Sep 27, 2023 9:15am Sep 27, 2023 9:15am
divergence in CABLE AND DXY ..
maybe its a bullish sign
  • #778,465
  • Sep 27, 2023 9:16am Sep 27, 2023 9:16am
Quoting dantpm
{quote} With sentiment, I have read several times that the range from 40-60% is considered neutral not just 50%.
Dang!! 40%

Imagine market need buyer to drop to 40% to change direction, my long entry might be executed on December then.
With courage, patience, and discipline, success is a matter of time.
  • #778,466
  • Sep 27, 2023 9:17am Sep 27, 2023 9:17am
Quoting dantpm
{quote} With sentiment, I have read several times that the range from 40-60% is considered neutral not just 50%.
Exactly.
  • #778,467
  • Sep 27, 2023 9:19am Sep 27, 2023 9:19am
1.213 area being defended like crazy for some reason. wonder how long it can hold
  • #778,468
  • Sep 27, 2023 9:21am Sep 27, 2023 9:21am
Quoting biodunola07
From Monday till this now ( as at the time of typing this ) , GU has managed to move 120 pips down, a range that can be covered just in a day . That shows a quiet market and if you look at the chart, GU has been trading down from 1.27xx without a significant correction, the next support level is very close by @ 1.2075.I am not interested selling this pair. I am waiting for a correction upward

Hi friend
How are you
All most trader wait a correctio but we don't no which they time start for up.Every day they go down and create a new low.
  • #778,469
  • Sep 27, 2023 9:26am Sep 27, 2023 9:26am
Quoting navk
{quote} This is what happening....nowadays. Price going down... never turns up. lol
Price looks to be impotent. lol
  • #778,470
  • Sep 27, 2023 9:29am Sep 27, 2023 9:29am
...any institutional stops (if there are any holding longs?) may be under that 1802 swing lo (current yrly lo,) but there is obviously some demand in this prev 4hr sw hi/lo zone 2131-11-2070 that dates back to March of this year. Whether there is sufficient to halt the decline is an open question.
Trader with an Edge.
  • #778,471
  • Sep 27, 2023 9:30am Sep 27, 2023 9:30am
Quoting Indigo45
{quote} Price looks to be impotent. lol
when trying to make reversal,

The price tests lows/highs many times.

The price makes false breaks.

So the stop should be set carefully while trying to trade reversal.
Intraday only.
  • #778,472
  • Sep 27, 2023 9:31am Sep 27, 2023 9:31am
Quoting JameRomeo168
{quote} Dang!! 40% Imagine market need buyer to drop to 40% to change direction, my long entry might be executed on December then.
It is the entire range that is considered neutral!
  • #778,473
  • Sep 27, 2023 9:32am Sep 27, 2023 9:32am
Quoting navk
{quote} when trying to make reversal, The price tests lows/highs many times. The price makes false breaks. So the stop should be set carefully while trying to trade reversal.
A break, no matter how small, is still a break, Mate.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #778,474
  • Sep 27, 2023 9:33am Sep 27, 2023 9:33am
Quoting JereMi256
{quote} Added @1.2159 {image} {quote}
Shorts closed +30pips
Face 'ur fears & tame 'ur greed
  • #778,475
  • Sep 27, 2023 9:34am Sep 27, 2023 9:34am
Quoting iusman23
So, why do people think there are some kind of algorithms that are controlling the Forex Market and the charts we see on screen?
Business makers tell you these stories, to sell you their lectures, books, strategies, signals etc.
Reality is price is derived from economic condition of two countries (in a pair), their imports and exports, their supply and demand (not that supply or demand that so called guru's plot on the charts).

Price behaviour is just rational but what the people tell is irrational.

At a particular time, you should consider a pair, that has one currency that is getting stronger and the other one that is getting weaker. Buy Strong currency on every dip and Sell Weak Currency on every high.

Never Sell when price is already moved DOWN more that 500 PIPs and Never Buy when price is already gone UP over 500PIPs (5000 points is 5/3 digit broker). this strategy works if you are learning.

This is what I have in over 11 years.
Regards,
Kashif
  • #778,476
  • Sep 27, 2023 9:35am Sep 27, 2023 9:35am
Quoting navk
{quote} when trying to make reversal, The price tests lows/highs many times. The price makes false breaks. So the stop should be set carefully while trying to trade reversal.
by impotent I mean to say "Erectile Dysfunction". until treated, never goes up. lol
  • #778,477
  • Sep 27, 2023 9:40am Sep 27, 2023 9:40am
Quoting TooSlow
{quote} A break, no matter how small, is still a break, Mate. Cheers!
The price just 34 pips range.

The break down below is small. The price made new low breaking 9 am range. Infact the price break down few times and found new low.

So, the range will get extended today for sure.

So the range will get extended down today You feel.

Let us see.
Intraday only.
  • #778,478
  • Edited 10:03am Sep 27, 2023 9:50am | Edited 10:03am
149.500.
  • #778,479
  • Sep 27, 2023 10:00am Sep 27, 2023 10:00am
Quoting thevisitor
Buying @ 1.2110
Will close my short trades at this number.
belive it or not.
waiting for long confirmation
  • #778,480
  • Sep 27, 2023 10:05am Sep 27, 2023 10:05am
This is A good indicator, its height is 20 pips and as you can see there were 8 touches on its sides, for a day without messages like today it was perfect
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20230927_180317.jpg Size: 516 KB
yes yes yes
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