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Cable Update (GBPUSD)

  • #787,901
  • Nov 3, 2023 9:42am Nov 3, 2023 9:42am
GU: H1
Sell scalping Zone
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Intraday Trading is an Art _ hoda
  • #787,902
  • Nov 3, 2023 9:43am Nov 3, 2023 9:43am
Quoting Coreg2004
{quote} Pat, if GU decides to make a complex correction as a wave 4 (a)(b)(c) on my chart, as it should be???, then you are spot on with the target @1.2392 {image}
Quoting Coreg2004
As a good tradition in our clinic, I too take the victory lap to boost my "immune system"... {quote} Before...{image} After...{image} Now I wait for my lollipop
Yesterday GU closed outside the channel. It was a warning.
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Always trade your own plan...I don't provide trading signals.
  • #787,903
  • Nov 3, 2023 9:43am Nov 3, 2023 9:43am
...hope everyone had a good NFP and after. I got the timings wrong for 1st time in my trading career, forgot that unlike Uk, New York is still on daylight savings so only 4hrs behind, lol! Only 1hr out lol! - managed to a bit since. Nice uni-directional move with momentum, as u.s job hirings slow.

Price has traveled past Dly R3 (Wkly R1 and Mthly R1,) and @ the current dly hi (in a prev 1hr/4hr sw lo zone = prev supp = pot sbr [from 20th september,]) is @ 184% of 30day adr and 134% of 13wk awr so far this wk on last trading day of week.

1hr below
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Trader with an Edge.
  • #787,904
  • Nov 3, 2023 9:44am Nov 3, 2023 9:44am
Quoting Cr4zy
{quote} Add order at 1.2281, no sl, no tp
two more orders 1.2335 and sl on all orders 1.2352, no tp
  • #787,905
  • Nov 3, 2023 9:45am Nov 3, 2023 9:45am
Quoting GODofMC
{quote} yes could be more, this time the worst didnt retrace much after big move Like Pat predicted yesterday above 1.2330ish or more IIRC Ok closed here, canceled my TP .12 pips for today net If price ever comeback to 1.2350 today i will consider another sell. But if no. I might call it a day {image}
Find some spot again, this time small lot. Fryday anything can happen. I guess can be more UP or retrace DOWN for fixing prices.
If still goes UP i may hold till next week
if it goes down may take 10-20 pips only

forgot to add chart
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #787,906
  • Edited 9:56am Nov 3, 2023 9:45am | Edited 9:56am
...so, 1hr is still in a general uptrend, 4hr has joined it, and Dly has broken north of it's recent 2038-2337 top range extreme.

Next upside fibs of major swing hi's all to 2038 moves are 2353, 2368, 2392, 2403, 2417, 2527.

4hr below
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Trader with an Edge.
  • #787,907
  • Nov 3, 2023 9:47am Nov 3, 2023 9:47am
Quoting hoda
GU: H1 Sell scalping Zone {image}
I am looking at the 1 minute candles and various 60 minute moving averages. Nothing saying sell yet that I see!
  • #787,908
  • Nov 3, 2023 9:52am Nov 3, 2023 9:52am
Quoting DrDave
{quote} Unfortunately, most of them have somehow managed to find their way to Forexfactory. {image}
LMAO, I think you are right
  • #787,909
  • Nov 3, 2023 9:52am Nov 3, 2023 9:52am
I’m short on GU with 10.0 Lot
50pips target.
  • #787,910
  • Nov 3, 2023 9:53am Nov 3, 2023 9:53am
Quoting Zebi
{quote} what exactly were you trying to say?.... im biased cause the chart says to be LOL like i been saying for months..... location of patterns and candles matter just like black lives dont trade a pattern or candle without it bein at support or resistance so your examples in the chart are meaningless because only a fool would short a bearish pinbar at the lows
Nono, good points. I just wanted to see how you'd respond. I also trade pinbars at SnR. Love them! Oh and all lives matter but I get your point
  • #787,911
  • Nov 3, 2023 9:56am Nov 3, 2023 9:56am
Quoting dantpm
{quote} I am looking at the 1 minute candles and various 60 minute moving averages. Nothing saying sell yet that I see!
I am very happy with my bull profit.
End of bull run, now Hit and bounce.....
only sell for me.
Intraday Trading is an Art _ hoda
  • #787,912
  • Nov 3, 2023 9:57am Nov 3, 2023 9:57am
Daily candle will close at least 70% bullish candle, do rmb that.
So don't short for too long as retracements are likely for next week Monday.
Exhausted
  • #787,913
  • Nov 3, 2023 9:57am Nov 3, 2023 9:57am
Anyone wanna join me with a sell TRY ......
Extreme gut feeling trader
  • #787,914
  • Nov 3, 2023 9:58am Nov 3, 2023 9:58am
Quoting Coreg2004
{quote} {quote} Yesterday GU closed outside the channel. It was a warning. {image}
I missed your charts. If not I would've bought and held all the way.
As your chart gives me further confirmation that my analysis is correct xD
Exhausted
  • #787,915
  • Nov 3, 2023 9:59am Nov 3, 2023 9:59am
Quoting T721
{quote} eur/gbp just in-case anybugger following me {image}
eur/gbp bounced right where it shoulda, 1st LQ zone
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  • #787,916
  • Nov 3, 2023 9:59am Nov 3, 2023 9:59am
heres the daily representation of my earlier weekly chart

that black line is may 22nd weekly low price is trying to get above so as long as price closes between the black and red line GU still is boolish

im boolish till price crosses that blue line and will start taking profits all the way up to 2700

next week ill add buy limits at the red line since price will retrace atleast 50% of todays csandle

i cant show you the whole chart since i write text in the left margins to remind me of shit that i dont want anyone else reading
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short trump and go long the deepstate
  • #787,917
  • Nov 3, 2023 10:01am Nov 3, 2023 10:01am
Added a sell at 12339 will add another 124
Insane in the Brain..
  • #787,918
  • Nov 3, 2023 10:01am Nov 3, 2023 10:01am
Be careful with shorts now. Chances are there it will go up more. London close, Friday. Be very careful my stats say. Perfect setup for 50 pips more up - eaven if ADR is far overdone. That's a typical situation for me as a no go to short. I'm out for today. It's sad but my stats say: no short.
  • #787,919
  • Nov 3, 2023 10:05am Nov 3, 2023 10:05am
Retails must learn trend trading rather than sell the top / buy the bottom
Intraday only.
  • #787,920
  • Nov 3, 2023 10:05am Nov 3, 2023 10:05am
Quoting Zebi
heres the daily representation of my earlier weekly chart that black line is may 22nd weekly low price is trying to get above so as long as price closes between the black and red line GU still is boolish im boolish till price crosses that blue line and will start taking profits all the way up to 2700 next week ill add buy limits at the red line since price will retrace atleast 50% of todays csandle i cant show you the whole chart since i write text in the left margins to remind me of shit that i dont want anyone else reading {image}
Hi. I see where you are with that, the 2307 swing lo was from 25th May....price did poke it's head just above that prev sw lo zone on 11th Oct to 2337 but the sellers came back in for it.

dly below
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