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Cable Update (GBPUSD)

  • #782,061
  • Oct 11, 2023 9:36am Oct 11, 2023 9:36am
Quoting Georginson
{quote} Sold 1.2333... target open.
Exited at 1.2314... +19 pips.. I will wait till 5pm UK time.
Data + Stat + Risk/Emotions Management
  • #782,062
  • Oct 11, 2023 9:36am Oct 11, 2023 9:36am
Quoting BeeTogether
Damn it so close to TP come on one last up swing lol 12350-60 and then time to go for a coke and smile
Sad. it's pulling back strongly now.
Exhausted
  • #782,063
  • Oct 11, 2023 9:39am Oct 11, 2023 9:39am
Quoting Coreg2004
{quote} Elysion, you have a very good call, not only today. On my daily chart, GU erases resistance level after resistance level. {image}
nice chart C Regards E
  • #782,064
  • Oct 11, 2023 9:40am Oct 11, 2023 9:40am
Hmm, quite a strong sell there.
1.23 ?

Will look at the daily candle close tomorrow.
Especially when I won't be around during the FOMC Minutes, curious if it does anything.
8/10 times it doesn't move the market as all, although it's a red(ruby) news in FF.
Exhausted
  • #782,065
  • Oct 11, 2023 9:42am Oct 11, 2023 9:42am
Quoting Coreg2004
{quote} Elysion, you have a very good calls, not only today. On my daily chart, GU erases resistance level after resistance level. {image}
Excellent chart Coreg, might use it for analysis tomorrow.
I'm just giving "hindsight" view. Instead of actual chart analysis.

But recently I'm more confident in my plan and personal analysis now.
Exhausted
  • #782,066
  • Oct 11, 2023 9:42am Oct 11, 2023 9:42am
Quoting Zebi
might be some resistence from 2308 to 2335 since its the low and close of that weekly candle price breached few weeks ago...if theres a reversal to bearish its from this level im pulling up my stops in case bonzey releases more black crows but i think price will reach 2400 and thats where my TP is at no need to use dozens of trendlines when one horizontal line will do {image}

why i moved up my sl..i only use it to [protect profits since i scale in into a position

still early in the week but if price can close over that black line friday my target at 2600 becomes live and a possibility
short trump and go long the deepstate
  • #782,067
  • Oct 11, 2023 9:59am Oct 11, 2023 9:59am
Quoting Moty
Come on {image}
Its coming
The only way is up mf
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yes yes yes
  • #782,068
  • Oct 11, 2023 10:08am Oct 11, 2023 10:08am
Quoting Moty
{quote} Its coming The only way is up mf {image}
Maybe the only way up is by first going down to my TP??
To free Gazans of Hamas, use whatever it takes.
  • #782,069
  • Oct 11, 2023 10:09am Oct 11, 2023 10:09am
Quoting Moty
{quote} Its coming The only way is up mf {image}
Be careful, currently a strong short possibly reach all the way to 1.229
And do rmb fomc minutes in 3 hours.
Exhausted
  • #782,070
  • Oct 11, 2023 10:09am Oct 11, 2023 10:09am
Quoting DrDave
{quote} Maybe the only way up is by first going down to my TP??
OK, Moty, TP hit; you can send it up to your TP.
To free Gazans of Hamas, use whatever it takes.
  • #782,071
  • Oct 11, 2023 10:11am Oct 11, 2023 10:11am
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yes yes yes
  • #782,072
  • Oct 11, 2023 10:14am Oct 11, 2023 10:14am
Lol everyone sticking to their longs
  • #782,073
  • Oct 11, 2023 10:16am Oct 11, 2023 10:16am
Just hit 61.8 fib 2290 on the 5 min spikes lets see if wa just a pull back
  • #782,074
  • Oct 11, 2023 10:18am Oct 11, 2023 10:18am
Quoting elbert3
Just hit 61.8 fib 2290 on the 5 min spikes lets see if wa just a pull back
yeah quite the drop circa 40 pips since todays high
Insane in the Brain..
  • #782,075
  • Oct 11, 2023 10:19am Oct 11, 2023 10:19am
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Need it to be the right call
  • #782,076
  • Oct 11, 2023 10:20am Oct 11, 2023 10:20am
Quoting Moty
{image}
Moty, your stochastic is showing a drop and it's not stopping yet.
I can teach u how to use that indicator properly if u want.
Cuz it seems like you're just putting it there and not utilizing it fully.

The oversold and overbought region only work when it's in a range market.

The proper way is to use it for divergence, hidden divergence, upside/downside momentum and fakeouts.
Exhausted
  • #782,077
  • Oct 11, 2023 10:28am Oct 11, 2023 10:28am
Quoting shakmoney
Lol everyone sticking to their longs
Nope.
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To free Gazans of Hamas, use whatever it takes.
  • #782,078
  • Oct 11, 2023 10:32am Oct 11, 2023 10:32am
1) News sell, was a dump and pump which can be potentially identified with stochastics because when the move was made, the indicator didn't follow and maintain above 50 mark = high probability of bullish movement follow up.

2) Price reached a "local high" when entering the OB zone, it may stay inside as long as bullish momentum is strong and sustaining the move. But when a divergence was formed especially after a LH & HH is formed, (or HL & LH), it indicates that the momentum has starting weakening and a reversal is highly probable

3) The bearish momentum is moving strongly downwards, especially after breaching 50 mark. Hence you'll need to wait until a local lower (OS zone) and most likely a divergence or V shape before a continuation upwards.
I'll usually wait until the lines reaches the "local low" before I make any decision to enter.
You can use fibb or SnR zones to identify the levels as well.

Remember the break and retest thing.

@Moty
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Exhausted
  • #782,079
  • Oct 11, 2023 10:33am Oct 11, 2023 10:33am
Quoting beetogether
{quote} yeah quite the drop circa 40 pips since todays high
see if it rejects 2308 and bounces off 10 ema short
  • #782,080
  • Oct 11, 2023 10:34am Oct 11, 2023 10:34am
In an half an hour i will be in profit
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yes yes yes
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