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Cable Update (GBPUSD)

  • #785,241
  • Oct 23, 2023 9:56am Oct 23, 2023 9:56am
...a strong> Asian Hi break above the descending 4hr equidistant channel top, after 2 false 1hr Asian Hi breaks, all the way to the bottom of the 4hr part of a prev 1hr/4hr sw hi zone that extends up to Wkly R1 (2225,) and has Dly R2 in it, just below that @/around 2220, with a couple of upside fibs @/around current dly hi. 81% 30day adr traveled so far today. 1hr probably now in a general uptrend, 4hr still rangy with a current and current intraday upside bias.

4hr/1hr below
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Trader with an Edge.
  • #785,242
  • Oct 23, 2023 9:57am Oct 23, 2023 9:57am
Quoting Waveskierrob
{quote} Still underwater SHORT though...
Waveski, I know, but I don't feel sorry for you b/c you rake the money trading other instruments.
Always trade your own plan...I don't provide trading signals.
  • #785,243
  • Oct 23, 2023 9:57am Oct 23, 2023 9:57am
Quoting Moty
{quote} daily pivot is at 1.21400 It should go up from that area If not i can take the hit if it goes to 1.21000 again {image}
Fantastic insight there. I misplaced the pivot earlier and you pointed it out to me. Thank you.
  • #785,244
  • Oct 23, 2023 9:59am Oct 23, 2023 9:59am
Quoting Coreg2004
{quote} Waveski, I know, but I don't feel sorry for you b/c you rake the money trading other instruments.
Are you channelling niner?
  • #785,245
  • Oct 23, 2023 10:06am Oct 23, 2023 10:06am
Quoting dantpm
{quote} Are you channelling niner?
dantpm, I'm not sorry I didn't meet your expectations. Please don't compare me t o others, I'm being myself...and always helpful.
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Always trade your own plan...I don't provide trading signals.
  • #785,246
  • Oct 23, 2023 10:06am Oct 23, 2023 10:06am
Quoting Coreg2004
{quote} Waveski, I know, but I don't feel sorry for you b/c you rake the money trading other instruments.
What you like...
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  • #785,247
  • Oct 23, 2023 10:13am Oct 23, 2023 10:13am
Quoting Coreg2004
{quote} dantpm, I'm not sorry I didn't meet your expectations. Please don't compare me t o others, I'm being myself...and always helpful. {image}
If you are going to get your knickers in a twist, at lease accuse me of the right crime! I didn't compare you to anyone or criticize your behaviour. I merely asked for a clarification. Yes there was inuendo. And yes i am being a smart ass.
  • #785,248
  • Oct 23, 2023 10:14am Oct 23, 2023 10:14am
Quoting JereMi256
{quote} Re-entry short @1.2200 {image}
Stopped out @1.2220
Face 'ur fears & tame 'ur greed
  • #785,249
  • Oct 23, 2023 10:15am Oct 23, 2023 10:15am
Bang on analysis part chiko 1.2220...one more fan added to your list
  • #785,250
  • Oct 23, 2023 10:17am Oct 23, 2023 10:17am
Not my style but im going for it
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  • #785,251
  • Oct 23, 2023 10:20am Oct 23, 2023 10:20am
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ready to take my prfts here , SOON. . . . . . . . . . . . . .

  • #785,252
  • Oct 23, 2023 10:20am Oct 23, 2023 10:20am
Quoting Moty
Planning to short the mf at 1.22188 Adr high and horizontal resistance
Come on!!!
Give me atleast 20 pips for that
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yes yes yes
  • #785,253
  • Oct 23, 2023 10:21am Oct 23, 2023 10:21am
Quoting Kenjiro
Currently in EUR/JPY long till 160.40 area. Bulls looking good. Potentially going in for this week long GBP/USD towards 1.2230, after looking at Monday's opening price. Trigger SL around 1.2130 area.
Didn't get in GBP/USD long. But good to TP around the 1.2230 zone. I'm still long for EUR/JPY
  • #785,254
  • Oct 23, 2023 10:23am Oct 23, 2023 10:23am
Quoting Moty
{quote} Come on!!! Give me atleast 20 pips for that {image}
i have a feeling that before Friday you will change this strategy
  • #785,255
  • Oct 23, 2023 10:26am Oct 23, 2023 10:26am
Quoting dantpm
{quote} If you are going to get your knickers in a twist, at lease accuse me of the right crime! I didn't compare you to anyone or criticize your behaviour. I merely asked for a clarification. Yes there was inuendo. And yes i am being a smart ass.
Quoting Coreg2004
{quote} Pat, Friday's PA can be a problem here. On the daily chart, GU hit a resistance zone that coincides with res. zone on the 15M chart. Looking for a target @1.2195 {image}
Quoting Coreg2004
{quote} Pat, your point of view is also well supported by the Pivot Point strategy. We look for 2 levels of movement during the day. If today's PP @1.2143 is the floor, a move to R2@ at 1.2220 can be expected. As always the market will verify the theory.
dantpm, I try not to be overbearing... What else I can do for you?
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Always trade your own plan...I don't provide trading signals.
  • #785,256
  • Oct 23, 2023 10:28am Oct 23, 2023 10:28am
Quoting Coreg2004
{quote} {quote} {quote} dantpm, I try not to be overbearing... What else I can do for you? {image}
Nothing at this time, thank you for asking. Happy trading.
  • #785,257
  • Oct 23, 2023 10:30am Oct 23, 2023 10:30am
Too many people trying to jump in short for the trading algorithms not to push it up.
  • #785,258
  • Oct 23, 2023 10:36am Oct 23, 2023 10:36am
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Enough for me.....Might go higher, sure.... But I am happy with this.

  • #785,259
  • Oct 23, 2023 10:36am Oct 23, 2023 10:36am
Quoting Whale
Not my style but im going for it {image}
failed..
bad attempt as I thought
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  • #785,260
  • Oct 23, 2023 10:37am Oct 23, 2023 10:37am
Quoting Whale
{quote} i have a feeling that before Friday you will change this strategy
it seems like a very good strategy if price is Ranging specifically in the midst of a reversal.
Price was making fast up and down moves.
This works well with that type of movement.

Dont know if it still works if price trends strongly.

good luck moty
in wondering about yourself, you forgot what you came here to be part of
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