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Cable Update (GBPUSD)

  • #782,081
  • Oct 11, 2023 8:37am Oct 11, 2023 8:37am
i will be shocked if this guy moty lets all his profit go when this keeps dropping
  • #782,082
  • Oct 11, 2023 8:38am Oct 11, 2023 8:38am
In short -1.2307
Tp-1.2275
Sl-- 1.2322
  • #782,083
  • Oct 11, 2023 8:39am Oct 11, 2023 8:39am
Quoting Elysion
{quote} 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.
You are right
There is no such thing like oversold or overbought
It better to use reversal indicators
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yes yes yes
  • #782,084
  • Oct 11, 2023 8:41am Oct 11, 2023 8:41am
Quoting shakmoney
i will be shocked if this guy moty lets all his profit go when this keeps dropping
We are in an uptrend now, so it can drop, but that will just be another good buy.
Everyone can see the chart, but only a few can actually read it.
  • #782,085
  • Oct 11, 2023 8:43am Oct 11, 2023 8:43am
Quoting OnlineAddict
{quote} We are in an uptrend now, so it can drop, but that will just be another good buy.
you sure?

200 pips up and we are in an uptrend?
  • #782,086
  • Oct 11, 2023 8:43am Oct 11, 2023 8:43am
Quoting DrDave
{quote} Nope. {image}
Still harvesting sells...
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To free Gazans of Hamas, use whatever it takes.
  • #782,087
  • Oct 11, 2023 8:44am Oct 11, 2023 8:44am
Quoting elbert3
{quote} see if it rejects 2308 and bounces off 10 ema short
if it breaks this low target 2280 2235
  • #782,088
  • Oct 11, 2023 8:47am Oct 11, 2023 8:47am
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}
Wonderful graphic my friend!, as always!

My vision is somewhat more limited, since the levels achieved lean towards the fact that we are developing wave 4 on a daily basis. If foreign buyers still do not appear to push the pound further, I think we will be close to starting wave 5.

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We will see...
Greetings.

JEM.
JEM
  • #782,089
  • Oct 11, 2023 8:48am Oct 11, 2023 8:48am
Quoting Moty
{quote} You are right There is no such thing like oversold or overbought It better to use reversal indicators {image}
With an oscillating indicator bound at 0 and 100, when price moves into overbought/oversold levels, it indicates that you need to move your view to the next higher TF. That is all.
To free Gazans of Hamas, use whatever it takes.
  • #782,090
  • Oct 11, 2023 8:48am Oct 11, 2023 8:48am
Quoting shakmoney
{quote} you sure? 200 pips up and we are in an uptrend?
Its all about PA, not the amount of pips. And I am not sure of anything, but death.
Everyone can see the chart, but only a few can actually read it.
  • #782,091
  • Oct 11, 2023 8:52am Oct 11, 2023 8:52am
Quoting OnlineAddict
{quote} Its all about PA, not the amount of pips. And I am not sure of anything, but death.
...and taxes...
  • #782,092
  • Oct 11, 2023 8:55am Oct 11, 2023 8:55am
I'm with seller's
  • #782,093
  • Oct 11, 2023 8:57am Oct 11, 2023 8:57am
Quoting Waveskierrob
{quote} ...and taxes...
Not for me, since I found out life is much better and cheaper outside of EU.
Everyone can see the chart, but only a few can actually read it.
  • #782,094
  • Oct 11, 2023 8:59am Oct 11, 2023 8:59am
Quoting Waveskierrob
{quote} ...and taxes...
Tax and death, two certainties in life,
One brings burdens, the other strife.
Taxes we pay, to fund our way,
While death, in time, comes to play.
But in the end, we all must face,
The final tax in life's embrace.
Yet let's not dwell on sorrow's breath,
Instead, live fully 'til our own tax of death.
in wondering about yourself, you forgot what you came here to be part of
  • #782,095
  • Oct 11, 2023 9:00am Oct 11, 2023 9:00am
Quoting gorjejem
{quote} Wonderful graphic my friend!, as always! My vision is somewhat more limited, since the levels achieved lean towards the fact that we are developing wave 4 on a daily basis. If foreign buyers still do not appear to push the pound further, I think we will be close to starting wave 5. {image} We will see... Greetings. JEM.
gorjejem, very nice TA. I have often said that different technical tools give similar or identical results. If you take under consideration the timing for the end of wave 4 GU has still ground to cover which makes me uncertain when the end of this wave will be reached. Min comes on Oct.31. Is this possible???
Always trade your own plan...I don't provide trading signals.
  • #782,096
  • Oct 11, 2023 9:02am Oct 11, 2023 9:02am
Quoting OnlineAddict
{quote} Its all about PA, not the amount of pips. And I am not sure of anything, but death.

just my 2 cents but on M15 price would have to close below 2289 for me to go short.
in wondering about yourself, you forgot what you came here to be part of
  • #782,097
  • Oct 11, 2023 9:05am Oct 11, 2023 9:05am
Gold
Master your mind. Master Trading.
  • #782,098
  • Oct 11, 2023 9:09am Oct 11, 2023 9:09am
Come on
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yes yes yes
  • #782,099
  • Oct 11, 2023 9:16am Oct 11, 2023 9:16am
Bounce mf
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yes yes yes
  • #782,100
  • Oct 11, 2023 9:17am Oct 11, 2023 9:17am
Quoting Moty
Come on {image}
My friend h4 strong bearish it will kill your account
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