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Cable Update (GBPUSD)

  • #786,401
  • Oct 27, 2023 4:22am Oct 27, 2023 4:22am
back to BE..lucky closed half @2116..
maybe enuff for today..
NY could be upward or deepdown..take care
  • #786,402
  • Oct 27, 2023 4:23am Oct 27, 2023 4:23am
Quoting footprint
{quote} At the moment, a lot of passive buyers trying to push price up. CVD trending down all day so I don't fancy taking the buyers side for now. I think it will at minimum get to 1.2105-10 Large limit on the offer sitting around 1.2162 right now. We MAY buy up to above todays 6.30am high-- above there, i'm interested in a sell. It could also move above Wednesdays NY session high. After 1pm I'll evaluate to see if price is in my target area to see if sellers volume comes into the market. If we form an expanding range/megaphone style range then...
currently watching AROUND 1.2162 after 12:30pm

i expect it will create a few 'fake highs/reversals' before then

will check it in 2 hours for a 30-50 pip sell.

A move above the 6.30am high is pretty much guaranteed now.
  • #786,403
  • Oct 27, 2023 4:44am Oct 27, 2023 4:44am
have skills and have plan

you are just here to manage ur risk
MY OPINION NOT FINANCIAL ADVISE
  • #786,404
  • Oct 27, 2023 4:48am Oct 27, 2023 4:48am
Eurusd short at 195.620
  • #786,405
  • Oct 27, 2023 4:49am Oct 27, 2023 4:49am
Sorry Eurusd at 1.05620
  • #786,406
  • Oct 27, 2023 4:50am Oct 27, 2023 4:50am
Quoting Moty
8 signals 6 winners 1 break even 1 loss {image}
Still a small range... but nice profit.

Three baskets long and 1 basket short.

In this 31 pips range. ( )

The last long was surprise one.

Opened long trades and slept. Just woke up and closed all.

Now, will see what NY will bring for me.

May be a short trade basket around 2150 for NY, Let me see
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Intraday only.
  • #786,407
  • Oct 27, 2023 5:03am Oct 27, 2023 5:03am
Moty,

See this 1 min chart.

Long and short set up.

what more is needed ?
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Intraday only.
  • #786,408
  • Oct 27, 2023 5:08am Oct 27, 2023 5:08am
Quoting navk
Moty, See this 1 min chart. Long and short set up. what more is needed ? {image} {image}
Hi Navk, what determines those colours changing ?
  • #786,409
  • Oct 27, 2023 5:08am Oct 27, 2023 5:08am
Quoting navk
Moty, See this 1 min chart. Long and short set up. what more is needed ? {image} {image}
Nice strategy
yes yes yes
  • #786,410
  • Oct 27, 2023 5:09am Oct 27, 2023 5:09am
Quoting navk
Moty, See this 1 min chart. Long and short set up. what more is needed ? {image} {image}
add fractal and bollinger bands
  • #786,411
  • Oct 27, 2023 5:29am Oct 27, 2023 5:29am
No matter how good is your strategy , it will be nothing if you don't have ...
trade plan. analyze. patience. action. discipline.
thats key for success.
  • #786,412
  • Oct 27, 2023 5:31am Oct 27, 2023 5:31am
Pound dollar scalp. Short, the first one was cut because the SL was too small. The second and third were successful. We also understand the reversal and rise.
I'm on my fourth one now.

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  • #786,413
  • Oct 27, 2023 5:36am Oct 27, 2023 5:36am
G/M. No real upside follow-thru on y/day's dly hammer candle yet...would represent the 3rd upside b/o of the prev 4hr descending equidisdtant channel if it was to occur. Today so far a marginal first downside false break of Asian lo in early London, then a move up and a marginal first false break of Asian hi to current dly hi at base of a prev 1hr sw hi zone = prev res = pot res that higher u pin it is coexistent with a prev 1hr/minor 4hr sw lo zone = prev supp = pot sbr that created that prev 1hr sw hi, on 1st test of it as pot sbr.

1hr below
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Trader with an Edge.
  • #786,414
  • Oct 27, 2023 5:38am Oct 27, 2023 5:38am
Short is the right move
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yes yes yes
  • #786,415
  • Oct 27, 2023 5:42am Oct 27, 2023 5:42am
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yes yes yes
  • #786,416
  • Oct 27, 2023 5:42am Oct 27, 2023 5:42am
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E. and BP 5' --- Short on both now. Pendings to add , as shown. No SL fttb . One more push higher is possible...

  • #786,417
  • Oct 27, 2023 5:45am Oct 27, 2023 5:45am
...will we see a 3rd upside b/o of that former 4hr desc equidistant channel, ie an upside follow-thru on y/day's dly hammer candle? Opposing this is a pattern of 2hr bearish hidden div which may stay good so long as price below 2175, ie point 2 on chart below.

4hr below
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Trader with an Edge.
  • #786,418
  • Oct 27, 2023 5:59am Oct 27, 2023 5:59am
GBP/USD (Daily): the price is now consolidating at the descending trend line, forming a lower high.
If the local support is broken, we may see a continuation of the downtrend towards the 1.15000 area, possibly next week.
Attached Image (click to enlarge)
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  • #786,419
  • Oct 27, 2023 6:00am Oct 27, 2023 6:00am
Quoting Headland
...will we see a 3rd upside b/o of that former 4hr desc equidistant channel, ie an upside follow-thru on y/day's dly hammer candle? Opposing this is a pattern of 2hr bearish hidden div which may stay good so long as price below 2175, ie point 2 on chart below. 4hr below {image}
12170-80 is a big area of resistance from previous moves. A break above will open 122-12250 again but depends on bull strength. Judging by today’s PA a move below 121 seems more likely. There seems to be a more bearish trend on M1-M15
Insane in the Brain..
  • #786,420
  • Oct 27, 2023 6:01am Oct 27, 2023 6:01am
Quoting navk
{quote} Still a small range... but nice profit. Three baskets long and 1 basket short. In this 31 pips range. ( ) The last long was surprise one. Opened long trades and slept. Just woke up and closed all. Now, will see what NY will bring for me. May be a short trade basket around 2150 for NY, Let me see {image}
that you can sleep while trades are open, unbelievably, I find that hard.
trading is like dancing, don't think and just listen to the music!
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