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Cable Update (GBPUSD)

  • #783,321
  • Oct 15, 2023 2:34pm Oct 15, 2023 2:34pm
"Don’t use social media to argue with people, hate on them, or even compare yourself to them. You have better things to do, trust me. Use those platforms to learn something or to do good."

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #783,322
  • Oct 15, 2023 3:00pm Oct 15, 2023 3:00pm
Quoting Jolita
{quote} Ohh, no one knows for sure, markets could bring unexpected. 1% DD not a disaster, decision is yours, but you have a few options - 1. Close short trade, put SL now and long 2. Keep short and hedge, open long double the short size 3. Take a loss, no matter what and enter short at y/high 2100-2200 5. Or none of the above, wait and see, you might be lucky, but you may risk your account, not advisable. Good luck whatever the decision .
Quoting Fardeen1209
{quote} You got ballz to hold short in Gold over weekend and thats too in a period of geopolitic uncertainties My analysis indicates 1936 first then going down. We are almost there tho
I don't trade gold. I only play the devil's advocate with someone who does. Price didn't reverse in the potential zone for wave 4 invalidating current labeling. For shorts, the price has to get inside the channel.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #783,323
  • Oct 15, 2023 3:27pm Oct 15, 2023 3:27pm
Quoting genadi
{quote} yes, this is hard. Do you know that there will be a new tax in our home country? Government will tax the real estate. I wonder, in these unstable times, what are the good options/assets to invest money?
Strange they don't tax until now, land is taxed.

Alphabet and US Stock, electronics, littium batteries, companies with good returns, healthcare, etc. search around.
Check out Investorplace.com for recommendations.
  • #783,324
  • Oct 15, 2023 3:42pm Oct 15, 2023 3:42pm
Ancre always goes down.
Attached Image (click to enlarge)
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Target: $100 to $1000
  • #783,325
  • Oct 15, 2023 3:45pm Oct 15, 2023 3:45pm
analize
{ virus risk deleted by staff }
  • #783,326
  • Oct 15, 2023 3:49pm Oct 15, 2023 3:49pm
Quoting Coreg2004
{quote} {quote} I don't trade gold. I only play the devil's advocate with someone who does. Price didn't reverse in the potential zone for wave 4 invalidating current labeling. For shorts, the price has to get inside the channel. {image}
Thanks Coreg, nice chart

It is risky and tempting to short due to unfilled gap and deeper correction, but then geopolitical events, and latest demand nearly reaching 2100 level can easily shift price higher.

Larger time scale started a new wave up I saw a good EW chat elsewhere.
  • #783,327
  • Oct 15, 2023 3:52pm Oct 15, 2023 3:52pm
GBPUSD price action on the daily time frame is in a bearish technical structure but bulls have been resisting a southward drive. Presently, bears are attempting a breakdown of the 1.22400/1.21000 horizontal channel (Sandy brown) created on the weekly time frame three weeks ago. A significant breakdown of the channel on a daily closing basis would incentivize further southward drive.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #783,328
  • Oct 15, 2023 4:15pm Oct 15, 2023 4:15pm
Dont know much about ICT but just wanna ask has anyone learnt anything from him.. This guy says not and its quite a good vid if you have time
Inserted Video
  • #783,329
  • Oct 15, 2023 4:33pm Oct 15, 2023 4:33pm
Quoting DrDave
{quote} This one? {image} {image} Looking a that stamp, if they would have just made that front door the mirror image of the rear door, could have made a pushme-pullyou!
My first driving experience after getting my licence
I have no clue where it's going
  • #783,330
  • Oct 15, 2023 4:35pm Oct 15, 2023 4:35pm
Quoting T721
Dont know much about ICT but just wanna ask has anyone learnt anything from him.. This guy says not and its quite a good vid if you have time https://www.youtube.com/watch?v=9UUFlSE8Ztg
cannot talk for myself but listened out there that not, not good, waste of time,
rip and tear until it's done
  • #783,331
  • Oct 15, 2023 5:17pm Oct 15, 2023 5:17pm
Out

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  • #783,332
  • Oct 15, 2023 5:19pm Oct 15, 2023 5:19pm
long
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yes yes yes
  • #783,333
  • Oct 15, 2023 5:29pm Oct 15, 2023 5:29pm
Quoting Moty
long {image} {image} {image}
get ready to lose
  • #783,334
  • Oct 15, 2023 5:32pm Oct 15, 2023 5:32pm
Quoting Moty
long {image} {image} {image}
as much as I want longs to work it does feel very risky
Insane in the Brain..
  • #783,335
  • Oct 15, 2023 5:34pm Oct 15, 2023 5:34pm
Quoting BeeTogether
{quote} as much as I want longs to work it does feel very risky
that's why he always loses he doesn't learn
  • #783,336
  • Oct 15, 2023 6:03pm Oct 15, 2023 6:03pm
long.1.21506
  • #783,337
  • Oct 15, 2023 6:05pm Oct 15, 2023 6:05pm
Quoting tiborf71
long.1.21506
u gonna lose
  • #783,338
  • Oct 15, 2023 6:13pm Oct 15, 2023 6:13pm
Quoting shakmoney
{quote} u gonna lose
I'm just waiting for the correction.

H1.
  • #783,339
  • Oct 15, 2023 6:14pm Oct 15, 2023 6:14pm
Will be looking at sells unless we break 1.22. Will be surprised if we break that level given that it is the last major high on 15m, weekly pivot and daily R1. Then again, the market can be surprising at times.
  • #783,340
  • Oct 15, 2023 6:39pm Oct 15, 2023 6:39pm
Quoting Scotteyy
Will be looking at sells unless we break 1.22. Will be surprised if we break that level given that it is the last major high on 15m, weekly pivot and daily R1. Then again, the market can be surprising at times.
I don't know if we will break this level but my TP is around 1.22200.
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