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Cable Update (GBPUSD)

  • #784,801
  • Oct 20, 2023 3:53am Oct 20, 2023 3:53am
Quoting BrainBucks
{quote} There's Up and even Sideways
Chatgpt says:

"There's Up and even Sideways" appears to be a versatile and abstract expression often used in music and poetry to symbolize various aspects of life, emotions, and relationships, with each context providing its own unique interpretation."

in wondering about yourself, you forgot what you came here to be part of
  • #784,802
  • Oct 20, 2023 3:54am Oct 20, 2023 3:54am
Quoting Moty
{quote} this is a bearish ingulfing daily candle The only way is down {image}
Here are the daily GU and DXY from tradingview.
Not seeing the engulfing candles that you see.
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  • #784,803
  • Oct 20, 2023 3:55am Oct 20, 2023 3:55am
It’s choppy to say the least. 12090 needs to break for 120 where we may find some general support. Bulls look ragged this week with 12180-122 as a big resistance area. Maybe that’s our range of the day 80-100 pips? It’s a Friday and there is money to be made on both sides
Insane in the Brain..
  • #784,804
  • Oct 20, 2023 3:56am Oct 20, 2023 3:56am
Quoting Waveskierrob
{quote} Lets do the same again this time 1.2111
added SHORT 1.2123
  • #784,805
  • Oct 20, 2023 3:59am Oct 20, 2023 3:59am
Can anyone tell me what that random spike on £ yen was 9.20am? took me out and had to re enter my long. Furious but lack of warning haha!
The markets are neutral to us. Our emotions are the enemy.
  • #784,806
  • Oct 20, 2023 4:03am Oct 20, 2023 4:03am
Quoting Waveskierrob
{quote} added SHORT 1.2123
i took 2118 south

i dont like the zone 2107-ish so i will exit there
in wondering about yourself, you forgot what you came here to be part of
  • #784,807
  • Oct 20, 2023 4:09am Oct 20, 2023 4:09am
Quoting Knoxvilles
Can anyone tell me what that random spike on £ yen was 9.20am? took me out and had to re enter my long. Furious but lack of warning haha!
what i could find:
- Traders Brace for Big Swings in Yen Amid Intervention Threat
- Rise in one-month butterfly positions point to more volatility
- Japanese yen on Friday hit 150 yen per dollar, a level that sparked significant volatility when it was hit earlier this month.
in wondering about yourself, you forgot what you came here to be part of
  • #784,808
  • Oct 20, 2023 4:13am Oct 20, 2023 4:13am
Quoting knkie
{quote} i took 2118 south i dont like the zone 2107-ish so i will exit there
ugh
-5 stopped

perhaps 2135 area?
in wondering about yourself, you forgot what you came here to be part of
  • #784,809
  • Oct 20, 2023 4:18am Oct 20, 2023 4:18am
Quoting knkie
{quote} ugh -5 stopped perhaps 2135 area?
More SL breathing room required, methinks.
  • #784,810
  • Oct 20, 2023 4:22am Oct 20, 2023 4:22am
G/M, Y/day's dly candle a doji and a bearish Asian session that followed saw a challenge on the prev 1hr/4hr sw lo zone that extends down to 2089 and a bounce from there despite bad uk data in early London session. Asian hi was tested again in Asian session but remains the current dly hi after a bounce down from it.

1hr below
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Trader with an Edge.
  • #784,811
  • Oct 20, 2023 4:23am Oct 20, 2023 4:23am
Quoting knkie
{quote} ugh -5 stopped perhaps 2135 area?
You run a tight stop then...
  • #784,812
  • Oct 20, 2023 4:23am Oct 20, 2023 4:23am
Quoting dantpm
{quote} Here are the daily GU and DXY from tradingview. Not seeing the engulfing candles that you see. {image} {image}
Dan, as its stands in your capture of DXY, the current red open bar is the child of the prior red mother bar that engulfs it.
To free Gazans of Hamas, use whatever it takes.
  • #784,813
  • Oct 20, 2023 4:25am Oct 20, 2023 4:25am
Come on GU jump...
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  • #784,814
  • Oct 20, 2023 4:27am Oct 20, 2023 4:27am
Quoting DrDave
{quote} Dan, as its stands in your capture, the current red open bar is the child of the prior red mother bar that engulfs it.
You could be right.
I have been told several times to focus more on closed candles patterns and not open candles for signals.

If you look to the left, the child pattern doesn't appear to carry much weight.
  • #784,815
  • Oct 20, 2023 4:30am Oct 20, 2023 4:30am
Quoting Waveskierrob
{quote} Closed SHORT 1.2107 +3 ...all closed +7 now imagine doing this 100 times a day, just saying...
yeah sometimes im doing hedging..
easy to get 50pips a day...
ps. just for experienced trader only.
  • #784,816
  • Oct 20, 2023 4:30am Oct 20, 2023 4:30am
...last gmt+3 4hr close was a hammer...price still remains inside the 2 x descending channels on this t/f

4hr below
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Trader with an Edge.
  • #784,817
  • Oct 20, 2023 4:32am Oct 20, 2023 4:32am
Quoting voeltoez
{quote} yeah sometimes im doing hedging.. easy to get 50pips a day... ps. just for experienced trader only.
Yea not saying it's easy but doable...
  • #784,818
  • Oct 20, 2023 4:32am Oct 20, 2023 4:32am
Quoting Waveskierrob
{quote} added SHORT 1.2123
Closed this SHORT 1.2115 +8 pips
  • #784,819
  • Oct 20, 2023 4:32am Oct 20, 2023 4:32am
Quoting knkie
{quote} what i could find: - Traders Brace for Big Swings in Yen Amid Intervention Threat - Rise in one-month butterfly positions point to more volatility - Japanese yen on Friday hit 150 yen per dollar, a level that sparked significant volatility when it was hit earlier this month.
Ok didn't see a 'release' that moment as such. Thanks markets do what markets do ay haha.
The markets are neutral to us. Our emotions are the enemy.
  • #784,820
  • Oct 20, 2023 4:33am Oct 20, 2023 4:33am
Quoting voeltoez
{quote} always short no tp, sl 2150.. buy stop 2160
martingale closed done. dont be greedy
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