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Cable Update (GBPUSD)

  • #785,741
  • Oct 25, 2023 3:40am Oct 25, 2023 3:40am
Quoting Wavegarrick
{quote} Buy trade at 1.22456 and will add towards my daily pivot at 1.22160. Cheers. {image}
Terrible trading on my part. Possible symmetrical triangle in progress indicating indecision in the market.
Cheers.
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Trade to trade another day
  • #785,742
  • Oct 25, 2023 3:41am Oct 25, 2023 3:41am
Quoting JackintheBox
{quote} Thanks for you input. I see your point. I wanted to keep half position (sold 1.2146 half already) but I sold everything. Too less small moves yesterday so likely more today, means no big retrace now probably (not even 20 pips from low 1.2138) now. In the end all comes together. I just don't want to miss the upward move again lol. Not sure why GBP is soo weak currently. Not even bounce like EUR/USD. That's seldom, yesterday same patterns. Unfortunately no news today, am I right? I want that PA to quit. I don't like that behaviour. I have...
as for news all i know is that the fed chair is speaking at 430 pm est (i think thats the right time?)

as for price: i think 1.21428 is a key level on H4.
Price wil play with that for a bit.
im not taking any more trades until i see how this level is resolved ....
in wondering about yourself, you forgot what you came here to be part of
  • #785,743
  • Oct 25, 2023 3:42am Oct 25, 2023 3:42am
Looking for a rise towards 12190-122 before shorting towards 12080
Insane in the Brain..
  • #785,744
  • Oct 25, 2023 3:43am Oct 25, 2023 3:43am
Quoting Fardeen1209
{quote} The government dont care about scripts in the holy book. Only self interest of politicians. The interests of the country and people is secondary. Cruel world we live in.
id hardly call vulcan wisdom a holy book haha
in wondering about yourself, you forgot what you came here to be part of
  • #785,745
  • Oct 25, 2023 3:55am Oct 25, 2023 3:55am
geting my shorts ready for uj
and my longs for us 30 and gu
snipers in place waiting for target.
stay tuned
be back with details on charts.
i m not so quick as most of you with pictures and uploading but i will do my best
  • #785,746
  • Oct 25, 2023 4:01am Oct 25, 2023 4:01am
Quoting Moty
You will not drop below 1.21500 mf
You shell not drop below 1.21219-326 area
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yes yes yes
  • #785,747
  • Oct 25, 2023 4:01am Oct 25, 2023 4:01am
Quoting stormtrader
geting my shorts ready for uj and my longs for us 30 and gu snipers in place waiting for target. stay tuned be back with details on charts. i m not so quick as most of you with pictures and uploading but i will do my best
Sensible
  • #785,748
  • Oct 25, 2023 4:02am Oct 25, 2023 4:02am
just entered long GU stop at 1.212 and TP at 1.228 but can close sooner if my balls get scared.
  • #785,749
  • Oct 25, 2023 4:02am Oct 25, 2023 4:02am
Quoting stormtrader
geting my shorts ready for uj and my longs for us 30 and gu snipers in place waiting for target. stay tuned be back with details on charts. i m not so quick as most of you with pictures and uploading but i will do my best
OTIS...
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  • #785,750
  • Oct 25, 2023 4:03am Oct 25, 2023 4:03am
Quoting Moty
{quote} You shell not drop below 1.21219-326 area {image}
Moty are you using the famous martingale strategy??
  • #785,751
  • Oct 25, 2023 4:04am Oct 25, 2023 4:04am
Quoting JackintheBox
Market is stalling / not moving in current area/condition. That's a sign of still selling every small retrace or it is little volume. Unfortunately we cannot see volume . Does anyone has volume from his broker? Is it normal or less today till now?
You can only get an indication of volume for forex because brokers can aggregate or net transactions. Brokers only have to report net positions to the trading algorithms. Check TradingView it is as good as any.
  • #785,752
  • Oct 25, 2023 4:04am Oct 25, 2023 4:04am
Quoting stormtrader
geting my shorts ready for uj and my longs for us 30 and gu snipers in place waiting for target. stay tuned be back with details on charts. i m not so quick as most of you with pictures and uploading but i will do my best
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  • #785,753
  • Oct 25, 2023 4:04am Oct 25, 2023 4:04am
Hard to stop bear now..
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  • #785,754
  • Oct 25, 2023 4:05am Oct 25, 2023 4:05am
We just had small sign of strength on GBP, finally. One more long now at 1.2136. -even if new low now at 1.2134
  • #785,755
  • Oct 25, 2023 4:06am Oct 25, 2023 4:06am
Quoting jordanvic
just entered long GU stop at 1.212 and TP at 1.228 but can close sooner if my balls get scared.
I think 122 - 12220 might be the top end however not always easy to say
Insane in the Brain..
  • #785,756
  • Oct 25, 2023 4:06am Oct 25, 2023 4:06am
Quoting tradexyz
{quote} OTIS... {image}
Something like that friend but much less complicated
  • #785,757
  • Oct 25, 2023 4:06am Oct 25, 2023 4:06am
Quoting Luxyus
TF weekly: MA50 lies @1.2356 planning to add short till reached eventually. AR is about to exhaust and secondary tests expected in the next days -Daily chart update {image}
updating chart, secondary test sub1.21 still expected. shorts are smiling to me
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chaos is just unknown order
  • #785,758
  • Edited 4:34am Oct 25, 2023 4:10am | Edited 4:34am
Attached Image (click to enlarge)
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rsi below 50 more down...1.21 possible target...
$cam lvls...https://www.livecharts.co.uk/Members...rex_pivots.php
Long 1.21230
Brk Out Short 1.20863
  • #785,759
  • Oct 25, 2023 4:10am Oct 25, 2023 4:10am
Quoting BeeTogether
{quote} I think 122 - 12220 might be the top end however not always easy to say
yeah i think if it gives a nice red 1hr candle in that area i might exit too.
  • #785,760
  • Oct 25, 2023 4:10am Oct 25, 2023 4:10am
Quoting fxmasterdxb
{quote} alright so 2 scenarios will invalidate the bull move for me: 1. 4 hr close below 1.2150 2. any 1 hr close below 1.2135 otherwise i keep buying dips
1st condition is met, i closed all my longs
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