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Cable Update (GBPUSD)

  • #783,981
  • Oct 18, 2023 3:21am Oct 18, 2023 3:21am
Quoting Fardeen1209
{quote} The thing i understood, behind the mechanics of PA is 1. Majority of Retails orders dont even go in the interbank market. Instead their broker take the counterside or match it with other trader using the same broker. They just send a cluster of the longer term/position traders to their liquidity providers (who access the interbank market) 2. The interbank market is a network of cluster of regional banks.They will trade among themselves to fill each other orders. (one of the reason why banks have many branches so they can arbitrage trading...
Yes, I heard that, too, at least the last you said. There is no lev. allowed anymore. You really need the money then. Not sure which advantage that has for the client.

Market: Seems that London does not want to take market higher . I'm not long but I wished for a break so more liquidity and action would come in. ADR again quite low last days.
  • #783,982
  • Oct 18, 2023 3:25am Oct 18, 2023 3:25am
Quoting Moty
i can the qqe mod to get entry signals foir my system , 3 for 1 , and 1 for all first time qqe mod giv ea signal i enter for position with 30 pips tp and 10 pips sl then after it every signal i enter again with 10 pips sl and the tp as the first position {image}
Moty i love your QQE and this set up please can you sharr all the indicators and template or point me to where i can locate them in you indicators archives.Thanks
  • #783,983
  • Oct 18, 2023 3:35am Oct 18, 2023 3:35am
61.8% fibo PRICE
38.2/41.42% fibo TIME
Harmony price /time after 89 bars from low on 5 min chart
Attached Image (click to enlarge)
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  • #783,984
  • Oct 18, 2023 3:36am Oct 18, 2023 3:36am
Some of you need to be extremely careful - you can almost see prices on your charts, and maybe a bit of background color.
Congratulations ScalaFX for coming out of the closet!
  • #783,985
  • Oct 18, 2023 3:43am Oct 18, 2023 3:43am
Gold resistance at 1940
  • #783,986
  • Oct 18, 2023 3:44am Oct 18, 2023 3:44am
Quoting Wavegarrick
{quote} Buy trade at 1.21833. For the wary. ... I am not a signal service. Cheers. {image}
LOL
  • #783,987
  • Oct 18, 2023 3:49am Oct 18, 2023 3:49am
Quoting JackintheBox
{quote} LOL
Market: too many rejection at 1.2210's levels, again now attempt to break it. 1.2190 hold before but no break, so break below and now new attempt to take 1.2210 but I see chances quite low now. Market wants to go higher but somehow it does not work. May be selling volume of bigger guys reject break (they sell at triangle line I mentioned before at 1.2210-1.2208). That could be the reason for today'S PA. So short team players want to push market up but big guys (still) reject the break.

If break will not work out of 1.2210 we could see fallback to at least 1.2170's. If it works we see probably 1.2250's area today. I probably take one more short at 1.2208. Let's see how PA behaves. A clear daily trend (here: upwards) looks different
  • #783,988
  • Oct 18, 2023 3:54am Oct 18, 2023 3:54am
Quoting nubcake
Some of you need to be extremely careful - you can almost see prices on your charts, and maybe a bit of background color.
Your profile picture is superb
Emotional Control. Process, not outcome.
  • #783,989
  • Oct 18, 2023 3:55am Oct 18, 2023 3:55am
Quoting JackintheBox
{quote} Market: too many rejection at 1.2210's levels, again now attempt to break it. 1.2190 hold before but no break, so break below and now new attempt to take 1.2210 but I see chances quite low now. Market wants to go higher but somehow it does not work. May be selling volume of bigger guys reject break (they sell at triangle line I mentioned before at 1.2210-1.2208). That could be the reason for today'S PA. So short team players want to push market up but big guys (still) reject the break. If break will not work out of 1.2210 we could see fallback...
Market is tightening now. Typical for that areas. Big boys dont let market move now. So they try sth.
When you look at 5 sec. chart you an see the fight which is going on. One fraction is buying aggressively, the other one is selling. Selling already starts at 1.2200 area. So they (the sellers) probably have deep pockets. They even dont wait for 1.2205-08 area. Chances of break upwards 1.2210 area vanish more. For short it is a bit too early for me. R:R ratio is not good yet.
  • #783,990
  • Oct 18, 2023 3:57am Oct 18, 2023 3:57am
Long @ 1.2200 SL 1.2174 Let's see if we can break this triangle up, or mf will continue whipsawing me
  • #783,991
  • Oct 18, 2023 4:00am Oct 18, 2023 4:00am
Quoting JackintheBox
{quote} Market is tightening now. Typical for that areas. Big boys dont let market move now. So they try sth. When you look at 5 sec. chart you an see the fight which is going on. One fraction is buying aggressively, the other one is selling. Selling already starts at 1.2200 area. So they (the sellers) probably have deep pockets. They even dont wait for 1.2205-08 area. Chances of break upwards 1.2210 area vanish more. For short it is a bit too early for me. R:R ratio is not good yet.
Long professionals know now, they cannot afford more retraces now. They will invest too much then / looks like a trap from the big sellers if one more retrace. 1.2196 is the line in the sand now I would say. I hope longs can hold that level now, else they could give up and start to sell also.
  • #783,992
  • Oct 18, 2023 4:22am Oct 18, 2023 4:22am
Quoting JackintheBox
{quote} Long professionals know now, they cannot afford more retraces now. They will invest too much then / looks like a trap from the big sellers if one more retrace. 1.2196 is the line in the sand now I would say. I hope longs can hold that level now, else they could give up and start to sell also.
1,2196 hold. They really try it now. Go London. Go. Let's see if big guys (seller triangle, long term, more power) let the break happen.
  • #783,993
  • Edited 5:45am Oct 18, 2023 4:23am | Edited 5:45am
If it will be useful for someone to know, I share with you a little secret.The password from the archive is 1234
First of all, study the instructions
for анализу.гаг
{ virus risk deleted by staff }
  • #783,994
  • Oct 18, 2023 4:24am Oct 18, 2023 4:24am
Quoting JackintheBox
{quote} 1,2196 hold. They really try it now. Go London. Go. Let's see if big guys (seller triangle, long term, more power) let the break happen.
I'm curious, what will be the narrative when the price comes down?
Congratulations ScalaFX for coming out of the closet!
  • #783,995
  • Oct 18, 2023 4:30am Oct 18, 2023 4:30am
Gold shorted 1940 will add every 2$ till 1955 target new low
People don't plan to lose. They lose because they don't plan.
  • #783,996
  • Oct 18, 2023 4:35am Oct 18, 2023 4:35am
Come on ,
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yes yes yes
  • #783,997
  • Oct 18, 2023 4:36am Oct 18, 2023 4:36am
Quoting tiborf71
short.1,21842
closed. 1,22054.
loss.
  • #783,998
  • Oct 18, 2023 4:37am Oct 18, 2023 4:37am
Quoting nubcake
{quote} I'm curious, what will be the narrative when the price comes down?
If the price would have breached one more retrace (consolidation) would have come in. To push a market through it is important not to have too many retraces. We already had some rejections today, so 1.2194-1.2196 was key to not let it down. It also has to do with moneymanagement. It is important to keep the earlier sellers trapped in their short positions. If retraces are too big they can cover and short again.
  • #783,999
  • Oct 18, 2023 4:42am Oct 18, 2023 4:42am
I will enjoy my longs for today as Mr B is buying guru time as soon as boots hit the ground pound will unravel next 48 hours is very tricky....I fear for my longs X2 floating since March.....
average dude treading water
  • #784,000
  • Oct 18, 2023 4:42am Oct 18, 2023 4:42am
Market now took the first barrier. 2nd Barrier is 1.2210's. Breakpower is quite low. Could be better, could be still a trap from big shorties to trap enough short term professional volume. Let's see if they can keep it above 1.2196 now. Still no position for me now. Situation is not clear enough. Retrace is coming in now, but that is ok, 1.2210's area reached before and old highs from London open were taken out. But the long's have really difficulites to push it up. 1.2211's area last stop (before going up 1.2250's), 1.2196 area has to keep up.
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