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Cable Update (GBPUSD)

  • #783,381
  • Oct 16, 2023 2:41am Oct 16, 2023 2:41am
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yes yes yes
  • #783,382
  • Oct 16, 2023 2:42am Oct 16, 2023 2:42am
H4 close above 2172 is the buy signal for me.
in wondering about yourself, you forgot what you came here to be part of
  • #783,383
  • Oct 16, 2023 2:47am Oct 16, 2023 2:47am
Quoting JereMi256
{quote} Where would you put your SL on this setup?
What do you think is more probable, like how long term traders are perceiving this?

A Market Structure Shift in Daily Tf or Simply a Breakout + Retest with Inducement?

EU Daily chart below
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Thats something always got me ponder
More time in the market, does not mean you trade better!
  • #783,384
  • Oct 16, 2023 2:52am Oct 16, 2023 2:52am
I see H8/H12 needing to make a rally. Therefore, every TF smaller than H8 must rally first. And the smaller TFS will, of course, have to cycle up and down to build the rally of the larger TF.

So the current H1/H4 swing up is expected to be the start of building this H8/H12 rally.

(Which means H1 should not break the 1.2122 low when it makes its pullback.)
To free Gazans of Hamas, use whatever it takes.
  • #783,385
  • Oct 16, 2023 3:05am Oct 16, 2023 3:05am
Quoting Fardeen1209
{quote} What do you think is more probable, like how long term traders are perceiving this? A Market Structure Shift in Daily Tf or Simply a Breakout + Retest with Inducement? EU Daily chart below {image} Thats something always got me ponder
I don't trade EU since it's similar to GU which I prefer.

Both have a daily QM zone with liquidity below both zones, I am waiting for NYO to weigh my odds.
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Face 'ur fears & tame 'ur greed
  • #783,386
  • Oct 16, 2023 3:12am Oct 16, 2023 3:12am
Quoting JereMi256
{quote} I don't trade EU since it's similar to GU which I prefer. Both have a daily QM zone with liquidity below both zones, I am waiting for NYO to weigh my odds. {image}
I dont still enter to GBPUSD. It is so volatile to me. I am waiting fot the right moment. I think your support can be signal to buy if the price touch it later. good luck
  • #783,387
  • Oct 16, 2023 3:25am Oct 16, 2023 3:25am
last 2 signals gave 33 and 41 pips
come on mister 1.21250
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yes yes yes
  • #783,388
  • Oct 16, 2023 3:32am Oct 16, 2023 3:32am
Quoting JereMi256
{quote} I don't trade EU since it's similar to GU which I prefer. Both have a daily QM zone with liquidity below both zones, I am waiting for NYO to weigh my odds. {image}
Im waiting at 2110 till 2090 pendings, hope for nice strong move
People don't plan to lose. They lose because they don't plan.
  • #783,389
  • Oct 16, 2023 3:36am Oct 16, 2023 3:36am
Didn't take the 20 pips short.
For some reason my chart is showing possibilities of upwards instead.

Which of course I went long instead.
Exhausted
  • #783,390
  • Oct 16, 2023 3:37am Oct 16, 2023 3:37am
And now it seems as a good place to sell.
I wonder what caused that huge move up just before market close last week?

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  • #783,391
  • Oct 16, 2023 3:37am Oct 16, 2023 3:37am
Need to reach 1.2195 before she decide
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #783,392
  • Oct 16, 2023 3:37am Oct 16, 2023 3:37am
Quoting Moty
{quote} {image}
Morty, well done, i love your consistency. Please can you share this two indicators. Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #783,393
  • Oct 16, 2023 3:39am Oct 16, 2023 3:39am
Quoting Yngwie
Need to reach 1.2195 before she decide
I'm looking at the same area as well
Exhausted
  • #783,394
  • Oct 16, 2023 3:46am Oct 16, 2023 3:46am
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  • #783,395
  • Oct 16, 2023 3:51am Oct 16, 2023 3:51am
Quoting Houtbay
Moty with such odds it’s not worth taking a position. As someone told me recently the winning is in the buying and selling only.
it's 10 pips to 60 pips risk reward in the optimistic scenario
and 30 pips 60 pips in the pessimistic

i can lose 30 pips only if price go in my favor 20 and then go against me 30 pips
if i am rught i can win 60 pips
so even in the pessimistic scenario it is a 1 to 2 r/r
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yes yes yes
  • #783,396
  • Oct 16, 2023 3:56am Oct 16, 2023 3:56am
Quoting SCopier
Sell..sell..sell.. {image}
SL hited
Why this time I saw will raise...?!!
TP R2 lets see.. SL or TP
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  • #783,397
  • Oct 16, 2023 3:58am Oct 16, 2023 3:58am
G/M, a continued upside p/back in Asia on the bearishness in last 2 days of last week - that started @ end of Friday, early London continues with that - and then a drop, so a false 1st b/o of the Asian hi. Then demand seen @ a prev minor 1hr sw lo zone = prev supp = pot supp, near the 50% of the rise up from last wk's/Fri lo - current dly hi

1hr below
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Trader with an Edge.
  • #783,398
  • Oct 16, 2023 4:04am Oct 16, 2023 4:04am
Quoting knkie
H4 close above 2172 is the buy signal for me.
H4 really struggling with this level.
Not sure it will happen.
in wondering about yourself, you forgot what you came here to be part of
  • #783,399
  • Oct 16, 2023 4:05am Oct 16, 2023 4:05am
...you can see on 4hr where the supply came in @ current dly hi

4hr below
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Trader with an Edge.
  • #783,400
  • Oct 16, 2023 4:06am Oct 16, 2023 4:06am
Trend is still down. However I see a slight bounce from this 61.8 fib level of last week's swing low and swing high before testing the WPP again and dropping there maybe.
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