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Cable Update (GBPUSD)

  • #783,721
  • Oct 17, 2023 6:17am Oct 17, 2023 6:17am
...potential HL in the making on 1hr (,) after the move to the upside above it's last LH, and what will be a H when it forms fractally

1hr below
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Trader with an Edge.
  • #783,722
  • Oct 17, 2023 6:18am Oct 17, 2023 6:18am
I hope the bulls will have the strength to raise the price close to 1.22000, there are still 1.5 days for this to happen.
  • #783,723
  • Oct 17, 2023 6:22am Oct 17, 2023 6:22am
Quoting josip
my view it looks bearish..but if we are above 1.2150 we cant go lower.. head and shoulder pattern is formed ??? {image}
Sure it can go lower. But the normal behavior will be going lower only AFTER the smaller TFs cycle their way upward to build RALLIES on higher TFs. But as I said before, the rallies are making a better price to sell from, not making a new up trend. That is, price is going up just to come down, not to trend up.
To free Gazans of Hamas, use whatever it takes.
  • #783,724
  • Oct 17, 2023 6:24am Oct 17, 2023 6:24am
Dollar Index
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I'm Bullish on EU because of daily QM setup and Dollar index to BO+RT Wyckoff Ceiling

But given UK cpi around the corner, this put downward pressure on GBP- Expecting a near term ranging

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Rejection at 61.8% Fib Level which is also yesterday's NY session L

The PA on GU is really
More time in the market, does not mean you trade better!
  • #783,725
  • Oct 17, 2023 6:26am Oct 17, 2023 6:26am
Quoting tiborf71
I hope the bulls will have the strength to raise the price close to 1.22000, there are still 1.5 days for this to happen.
1.22 is defintiely a possibility as about a 5/8 to 6/8 retracement of the H1 swing down.
To free Gazans of Hamas, use whatever it takes.
  • #783,726
  • Oct 17, 2023 6:32am Oct 17, 2023 6:32am
Quoting birdland
long@2195

bad entry but with adding i closed +24.

daily target reached
trading is like dancing, don't think and just listen to the music!
  • #783,727
  • Oct 17, 2023 6:33am Oct 17, 2023 6:33am
BTW what is todays UK Unemployment rate?
Nowhere to be seen
Is it that bad, they decide not to publish it?
More time in the market, does not mean you trade better!
  • #783,728
  • Oct 17, 2023 6:33am Oct 17, 2023 6:33am
Quoting DrDave
{quote} 1.22 is defintiely a possibility as about a 5/8 to 6/8 retracement of the H1 swing down.
time is a vital, hidden factor for many.
that's why I think that 1.5 days is the maximum deadline to reach this level.
  • #783,729
  • Oct 17, 2023 6:37am Oct 17, 2023 6:37am
Quoting zuko
Sell @1.2189 SL 1.2199 TP open
Closed for 15 pips and reverse. Long @1.2174 SL 1.2145
  • #783,730
  • Oct 17, 2023 6:38am Oct 17, 2023 6:38am
Let's scalp some longs
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yes yes yes
  • #783,731
  • Oct 17, 2023 6:44am Oct 17, 2023 6:44am
Bye bye mister dx mf
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yes yes yes
  • #783,732
  • Oct 17, 2023 6:51am Oct 17, 2023 6:51am
10 pips booked
Now let's see how much it will give until opposite signal
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yes yes yes
  • #783,733
  • Oct 17, 2023 6:52am Oct 17, 2023 6:52am
Quoting Moty
Bye bye mister dx mf {image}
maybe it will be so. I don't want to get into that, but your settings don't warrant it.


there is no sign of the macd.


maybe i helped
  • #783,734
  • Oct 17, 2023 6:58am Oct 17, 2023 6:58am
applies to trading as well me thinks ...
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  • #783,735
  • Oct 17, 2023 6:59am Oct 17, 2023 6:59am
Next week PCE Bank estimates
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More time in the market, does not mean you trade better!
  • #783,736
  • Oct 17, 2023 7:04am Oct 17, 2023 7:04am
Scalp Short

SL set
TP pending...
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Face 'ur fears & tame 'ur greed
  • #783,737
  • Oct 17, 2023 7:08am Oct 17, 2023 7:08am
Quoting Fardeen1209
BTW what is todays UK Unemployment rate? Nowhere to be seen Is it that bad, they decide not to publish it?
It disappeared from my dailyfx feed too
Insane in the Brain..
  • #783,738
  • Oct 17, 2023 7:11am Oct 17, 2023 7:11am
Quoting BeeTogether
{quote} It disappeared from my dailyfx feed too
Everywhere it disappeared.
Avg Earnings and claimant count were published but not U rate.

Sunak is hiding something

I guess they dont want weak pound

Either way, CPI is expected to cool off tomorrow
6.5% from 6.7% Headline
5.9% from 6.2% Core
More time in the market, does not mean you trade better!
  • #783,739
  • Oct 17, 2023 7:12am Oct 17, 2023 7:12am
Quoting Moty
10 pips booked Now let's see how much it will give until opposite signal {image}
Opposite signal gave less profit
Ok are you ready?
For the few dozen adddtedend in. The futom and for the millions tradinga round the world
Let's get ready to go up !!!!!!!!!
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yes yes yes
  • #783,740
  • Oct 17, 2023 7:23am Oct 17, 2023 7:23am
Quoting Wavegarrick
{quote} The reason I am not so comfortable with shorts, hence 50/50 for me. I am getting conflicting signals, short on 4 hr and long set up on daily. As a rule of thumb I go for the higher t/frame so will pull the plug on my shorts if need be. Cheers. {image} {image}
Buy trade in at 1.21725.
Cheers.
Trade to trade another day
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