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Cable Update (GBPUSD)

  • #787,941
  • Nov 3, 2023 11:01am Nov 3, 2023 11:01am
Quoting JackintheBox
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.
sorry for shorts... called it 55 minutes ago. Typical reaction of big guys in such environment. They buy what they can - even after London close. It is very seldom but today it all indications looked like it will happen. I think that's the edges you have when you have the experience as a retrace trader. No losses are also winnings. It really itchs in the fingers but PA looks shark sharp up. I made my 1 x avg. day return so I should be happy. Let'S see if they suck me in for one last trade lol.
  • #787,942
  • Nov 3, 2023 11:01am Nov 3, 2023 11:01am
...Has anyone noticed there have been a lot of new members asking one question and then never again lately ? There is one above? Is it a bot or something?
Trader with an Edge.
  • #787,943
  • Nov 3, 2023 11:04am Nov 3, 2023 11:04am
Trying to catch top. Locked asap. Whether jackpot or not at all. Taken on M1
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Don't mind me.. i'm crazy
  • #787,944
  • Nov 3, 2023 11:06am Nov 3, 2023 11:06am
Quoting montygoldy
{quote} And just like that my shorts smoked n lost 3.5% on Prop firm money specially all the profit made in previous trades. Back to breakeven
same happend to me down 4.5% for the day.. such days that make or break the trader
  • #787,945
  • Nov 3, 2023 11:10am Nov 3, 2023 11:10am
Come down to 1.22977 so I can throw a party.
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  • #787,946
  • Nov 3, 2023 11:10am Nov 3, 2023 11:10am
Quoting fxmasterdxb
{quote} so the highly unlikely scenario happened! Wow what a move for GU today, it should terminate @ 1.2372, i will look for long entries next week
next stop 1.2310, i will consider long starting from 1.2270
  • #787,947
  • Nov 3, 2023 11:12am Nov 3, 2023 11:12am
Quoting Moty
{image}
Trend indicator will look good in trend.
Don't mind me.. i'm crazy
  • #787,948
  • Nov 3, 2023 11:12am Nov 3, 2023 11:12am
Quoting purevenom
Trying to catch top. Locked asap. Whether jackpot or not at all. Taken on M1 {image}
Awesome call, 1 Minute after my post, lol. - itchted also in my fingers. But I left that last trade today. I'm fine with it. Hope you closed already. Have a nice weekend.
  • #787,949
  • Nov 3, 2023 11:13am Nov 3, 2023 11:13am
Quoting Mystic.
GU H2 , Possible and Alternative Scenario may happen ,, Will wait for setup to occur ,, Trade Safe and Stay Blessed Everyone {image}

GU H2
Price Scenario after almost 32Hrs Later ....
Time is a factor in Life and in Trading as well.
Its Dying for correction now ,,,
If not within tonight than within next week possible correction may happen ,,
will look for setup next week ,
No trade for me today ,

Happy weekend everyone and stay Blessed as always
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  • #787,950
  • Nov 3, 2023 11:14am Nov 3, 2023 11:14am
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yes yes yes
  • #787,951
  • Nov 3, 2023 11:15am Nov 3, 2023 11:15am
Quoting greenpips4
{quote} same happend to me down 4.5% for the day.. such days that make or break the trader
That is really true. If you survive these days if you are on the wrong side you probably make it in long term. Easy today for trend trader, hell for retrace trader today.
  • #787,952
  • Nov 3, 2023 11:15am Nov 3, 2023 11:15am
...bulls are pretty relentless, but chances of an 8th consec bullish-bodied 1hr candle on this t/f, on this pairing - based on a multi-year historical empirical sample is less than 50%, but never say never in this market, even though it is probably due a pullback? I have put in a prev 15min sw hi zone on the chart below, = prev res = pot rbs. 190pip move so far today.

Wkly R2 @/around/just above current dly hi. That next blue zone to the upside on chart below is a prev 1hr sw lo zone = prev supp = pot sbr, after that - a prev 1hr/4hr sw hi zone = prev res = pot res.

1hr below
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Trader with an Edge.
  • #787,953
  • Nov 3, 2023 11:17am Nov 3, 2023 11:17am
bulls not giving an inch to the bears
every bears signal followed immediately with bulls signal
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yes yes yes
  • #787,954
  • Nov 3, 2023 11:19am Nov 3, 2023 11:19am
Quoting Headland
...bulls are pretty relentless, but chances of an 8th consec bullish-bodied 1hr candle on this t/f, on this pairing - based on a multi-year historical empirical sample is less than 50% but never say never in this market, even though it is probably due a pullback? I have put in a prev 15min sw hi zone on the chart below, = prev res = pot rbs. 190pip move so far today. Mthly R2 @/around/just above current dly hi. 1hr below {image}
Thanks for reminding of that. I always forget that time based stats.
  • #787,955
  • Nov 3, 2023 11:24am Nov 3, 2023 11:24am
Quoting greenpips4
{quote} same happend to me down 4.5% for the day.. such days that make or break the trader
Be strong bro.. next week easy recovery no worries…
Extreme gut feeling trader
  • #787,956
  • Nov 3, 2023 11:25am Nov 3, 2023 11:25am
The Bulls are relentless.
Lord Have Mercy
  • #787,957
  • Nov 3, 2023 11:25am Nov 3, 2023 11:25am
Quoting Moty
bulls not giving an inch to the bears every bears signal followed immediately with bulls signal
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That chart is in an OBVIOUS uptrend. In an uptrend, a swing down is NOT a bear signal; it is only a POTENTIAL bear signal. AFTER the swing back up ends at a lower high, that down swing then is a bear signal. But if the swing back up closes a new high, then obviously, the swing down could not have been a bear signal.

If you want to check for a bear signal to trade when that TF makes the swing down that is a POTENTIAL bear signal in an up trend, then you must go so smaller TFs to look for it.
To free Gazans of Hamas, use whatever it takes.
  • #787,958
  • Nov 3, 2023 11:26am Nov 3, 2023 11:26am
One last short now, 1.2377. But I close it today again. It looks like overshooting now. Never opened a trade like that, lol. Don't join me.
  • #787,959
  • Nov 3, 2023 11:27am Nov 3, 2023 11:27am
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Added to shorts , here , now.

  • #787,960
  • Nov 3, 2023 11:28am Nov 3, 2023 11:28am
Quoting montygoldy
{quote} Be strong bro.. next week easy recovery no worries…
exactly next week is recovery week however I can’t see any major drop to say 121. Potentially 123-12330 before back up. Unless some kind of data changes the PA
Insane in the Brain..
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