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Cable Update (GBPUSD)

  • #783,241
  • Oct 14, 2023 11:39pm Oct 14, 2023 11:39pm
Quoting mallee
{quote} Curious, how long have you been holding?
since March 2023...
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  • #783,242
  • Oct 14, 2023 11:44pm Oct 14, 2023 11:44pm
Quoting Wavegarrick
{quote} You see nothing because your pretense is your smoke screen and you have become blind sighted to it. Your smoke screen has become your worst enemy and we are all starting to see through it. It is a matter of time. Patience is all that is needed and time will tell. Cheers
Sorry Leon was watching the rugby, thought you were to?.....again very sorry but what the hell are you talking about
  • #783,243
  • Oct 15, 2023 12:13am Oct 15, 2023 12:13am
Quoting genadi
{quote} bro, i am underwater selling gold the last hour spike up left me in red positions and i have open order during the weekend. only huge gold drop can save me what we can expect on monday morning?
Yes me to, BE @ 1822...
  • #783,244
  • Oct 15, 2023 12:16am Oct 15, 2023 12:16am
plan for this week is to hold EU shorts that I setup last week . Going to move the SL in BE when market opens . Hoping for a gap down maybe ? Also looking to enter short gold if price action looks good around 1940 - 1947 area . Good luck all
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Master your mind. Master Trading.
  • #783,245
  • Edited 1:38am Oct 15, 2023 1:04am | Edited 1:38am
Quoting shakmoney
{quote} Here we go again with your long predictions on gu
I've been with you on the all out shorts for a while Shak.
But I too see a possible Up Week.
There is still big R but day chart could rise thru it.
(2145 2218)

Monday needs to be a green bar close.
If not then we go down more.

Just my 3 cents.
in wondering about yourself, you forgot what you came here to be part of
  • #783,246
  • Edited 4:38am Oct 15, 2023 3:46am | Edited 4:38am
I am waiting for a correction..trying to trade towards it, I need to find a good entry point to trade long.
but the main trend is still bearish.
this is just my own view.

  • #783,247
  • Oct 15, 2023 4:09am Oct 15, 2023 4:09am
Quoting shakmoney
Gold hasn't closed gap it will drop to the lows
Yes, it will close the gap, but the question is when.
It can close the gap next week. But it can close the gap in 2025 June.
  • #783,248
  • Oct 15, 2023 4:13am Oct 15, 2023 4:13am
Quoting Waveskierrob
{quote} Yes me to, BE @ 1822...
But we are in the different boats. Your drawdown is only 0,13% after that big move.
My drawdown is 1% after the last hour spike.

  • #783,249
  • Oct 15, 2023 4:22am Oct 15, 2023 4:22am
Quoting genadi
{quote} bro, i am underwater selling gold the last hour spike up left me in red positions and i have open order during the weekend. only huge gold drop can save me what we can expect on monday morning?
Gold: H4
Trade Safe
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Intraday Trading is an Art _ hoda
  • #783,250
  • Oct 15, 2023 5:47am Oct 15, 2023 5:47am
...to what extent the seemingly worsening geopolitical/global macro/fundie situation will have on this pairing remains to be seen. Purely from a technical perspective:

* Wkly candle closed as a bearish-bodied hammer after encountering res @ the prev dly/wkly sw lo zone that begins @ 2307. It opposes the previous wkly hammer close. Wkly t/f remains @ the beginning of a general downtrend perhaps?
* Dly t/f - Friday's candle closed bearishly, a downside follow-thru on Thursday's big bearish thrust candle. the t/f remains in a general downtrend with the 2337 wkly hi now a H on this t/f above the last LH @ 2722. A potential expanding tri on this t/f with 2337 (wkly hi) being a point 4, so look for a fib retrace or ext of move 3-4 for a point 5 to go north, if the pattern is true, and completes, the target being a fib ext of move 4-5.
* 4hr has now printed 2 x LH's, a L, and what will be a LL @ Fri's lo or lower, so the t/f could be at the start of a downtrend,? or indeed could just range between 2038 and 2337.Last (gmt+3) 4hr candle close was a pinbar. 1hr closed the week in a general downtrend.
* 70% of 6mth amr traveled by price so far this mth.

Anything can happen. Go with the money. Don't get married to an idea of what should be happening. Cut your losers early.

Wkly, Dly, then 4hr below.
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Trader with an Edge.
  • #783,251
  • Oct 15, 2023 7:48am Oct 15, 2023 7:48am
Quoting Headland
...to what extent the seemingly worsening geopolitical/global macro/fundie situation will have on this pairing remains to be seen. Purely from a technical perspective: * Wkly candle closed as a bearish-bodied hammer after encountering res @ the prev dly/wkly sw lo zone that begins @ 2307. It opposes the previous wkly hammer close. Wkly t/f remains @ the beginning of a general downtrend perhaps? * Dly t/f - Friday's candle closed bearishly, a downside follow-thru on Thursday's big bearish thrust candle. the t/f remains in a general downtrend with...
as always great analysis mate. With the geopolitical situation helping a move one way or the other from previous years retraces might be quite limited. A move to 122 12250 might be top end until a level of sanity takes place. 122 being a previous support area
Insane in the Brain..
  • #783,252
  • Oct 15, 2023 8:45am Oct 15, 2023 8:45am
Hie guys, with fact that the FED with most central banks agreeing that it is appropriate to raise rates once more, what does it tells us, Gold is likely to remain bullish until that decision has been made. #XAUUSD
  • #783,253
  • Oct 15, 2023 8:56am Oct 15, 2023 8:56am
Quoting Trader191
{quote} its not the question if it will close a gap, it will, and when it takes 1000 years. it only need to be important that gap close before you die or be insolvent. some gaps need years to close or still open when news driven and run bad for some time. when a gap happen because of nothing is different. when you trade a gap with bigger news, you can say and trade too all news after big moves in opposite direction and say price will go back, because its one by one same event. not a good idea often.
Dont worry about him, he has a lot of $200 to pay for his funded account
More time in the market, does not mean you trade better!
  • #783,254
  • Oct 15, 2023 9:04am Oct 15, 2023 9:04am
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  • #783,255
  • Oct 15, 2023 9:05am Oct 15, 2023 9:05am
Quoting Jolita
{quote} May visit 1947 first. Some times takes weeks to close the gaps. Conflict situation strengthen commodities.{image}
WOW! That's looking like a B-2 Spirit stealth bomber! Maybe something is sneaking up on us. . .
To free Gazans of Hamas, use whatever it takes.
  • #783,256
  • Oct 15, 2023 9:14am Oct 15, 2023 9:14am
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  • #783,257
  • Oct 15, 2023 9:39am Oct 15, 2023 9:39am
So, the price closed bearish on Friday.
Weekly too closed bearish.
what to expect when market opens ?

A bullish correction is not ruled out from current price to daily pivot. 1.2160

And then after LO, the price can drop to daily s1. 1.2101

what to expect for the week ?

A bullish correction to 1.2200 is not ruled out. ( weekly pivot ) and then drop to weekly s1 - 1.2066
Intraday only.
  • #783,258
  • Oct 15, 2023 9:45am Oct 15, 2023 9:45am
Quoting navk
So, the price closed bearish on Friday. Weekly too closed bearish. what to expect when market opens ? A bullish correction is not ruled out from current price to daily pivot. 1.2160 And then after LO, the price can drop to daily s1. 1.2101 what to expect for the week ? A bullish correction to 1.2200 is not ruled out. ( weekly pivot ) and then drop to weekly s1 - 1.2066
122 could be the top end , maybe a 20 or so more but that’s about it. On the bearish side the longer the geopolitical issues the more below 120 could be an end of year figure
Insane in the Brain..
  • #783,259
  • Oct 15, 2023 9:47am Oct 15, 2023 9:47am
Around 1.2050, after retest of previous lows, a bullish pattern can form sometime on Friday
Intraday only.
  • #783,260
  • Oct 15, 2023 10:10am Oct 15, 2023 10:10am
Quoting Pat Chiko
{quote} Good morning Dr Dave. I wonder who Twee is. I saw his/her/it name mentioned several times in this thread but not others. I never saw any post from Twee here, but from what you're saying, he/she/it holds special power to make people disappear. Please enlighten me, as I suspect this Twee must be an algorithm (AI) to check people's posts at random. From my observation, I have proof to support my claim that AI cannot differentiate which posts to hide and which ones not. I will post proof after this on why AI cannot differentiate which posts...
There is TWEE or some one as Admin.

I had two or three personal DM. INfact he asked me certain clarifications.

I replied. He was happy with my answers but advised me that there are lots of new guys coming in here in this thread, so while posting, take caution.

TWEE/ or any Admin, for sure do certain things :

1. If any one is found suspecious posting with commercial intention, they will be branded as Commercial member.

TWEE/ Admin asks for proof.

Long ago, one member in Gold thread sent messages regarding signal but he was acting like regular member. His language was not acceptable to me, I forwarded his DM to TWEE/ Admin. Thereafter the Admin did the rest to brand him as commercial member.

Secondly, a member here was sending awkward posts insulting me and my credntials. I never did to anyone, but that time, I sent DM to TWEE/ Admin about that member.

TWEE/ ADmin promptly banned him from posting in FF. But remember, he is now one of my best friend in FF. He might have come to know that following some one's else analysis is at his own risk.

DR. DAVE knew this incident.

Thirdly, the most critical one is, The Admin look for is posts regarding political / Racist conflicts, Immediately they get banned.

So, yes, there is Admin. TWEE or some one else.
Intraday only.
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