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Cable Update (GBPUSD)

  • #788,521
  • Nov 7, 2023 7:03am Nov 7, 2023 7:03am
Quoting Elysion
{quote} In cases where the price is retracing/reverse, I'll take that you'll only enter long when 20 closes above 200 SMMA. If it doesn't while the price only touches 200 SMMA without crossing/closing above, would you trigger a sell? Just wondering how do you validate it, whether to trade or not in scenario like this.
yes
with confirmation of i5 indicator
Intraday only.
  • #788,522
  • Nov 7, 2023 7:04am Nov 7, 2023 7:04am
Now this baby pair have support red line @1.2250s that's the real fight for the week, if bears can drag it lower we talk for next week, if not bulls can still breath but must close it above 1.2320s the better
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #788,523
  • Edited 7:42am Nov 7, 2023 7:26am | Edited 7:42am
Quoting T721
gbp/cad getting ready to drop big time ----- Lets get this people {image}
Is this going to drop like a stone?
Just like you said
US500 was going to drop - yesterday
or
GBPCHF today?
Don't get me wrong - it may do just that - after all there is a 50/50-chance just guessing...

P.S.: Hi, if you need any educational info look at my profile. Lots of PDFs to learn from or look at my thread
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  • #788,524
  • Nov 7, 2023 7:31am Nov 7, 2023 7:31am
Gold short at 1962 tp 1952
  • #788,525
  • Nov 7, 2023 7:31am Nov 7, 2023 7:31am
Quoting josi
{quote} Is this going to drop like a stone? Just like you said US500 was going to drop - yesterday or GBPCHF today? Don't get me wrong - it may do just that - after all there is a 50/50-chance just guessing... P.S.: Hi, if you need any educational info look at my profile. Lots of PDFs to learn from or look at my thread
Still short US500 to target, just remember i am a swing trader and can be in trades weeks to months
  • #788,526
  • Nov 7, 2023 7:32am Nov 7, 2023 7:32am
Looks as if Brainbucks left one of her magnets hanging around $1.23!
  • #788,527
  • Nov 7, 2023 7:33am Nov 7, 2023 7:33am
Quoting josi
{quote} Is this going to drop like a stone? Just like you said US500 was going to drop - yesterday or GBPCHF today? Don't get me wrong - it may do just that - after all there is a 50/50-chance just guessing... P.S.: Hi, if you need any educational info look at my profile. Lots of PDFs to learn from or look at my thread
GBPCHF today?
Don't get me wrong - it may do just that - after all there is a 50/50-chance just guessing...


I dont guess, i trade
  • #788,528
  • Nov 7, 2023 7:36am Nov 7, 2023 7:36am
Quoting dantpm
Looks as if Brainbucks left one of her magnets hanging around $1.23!
123 a strong magnet area. Looking at NYO for direction on GU easy to get caught on wrong side
Insane in the Brain..
  • #788,529
  • Nov 7, 2023 7:39am Nov 7, 2023 7:39am
For scalp, it is better to us the indicator smafcci modified to 5m chart for the general trend and look for entry in the 1m or 3m chart at the occ indicator
But if you want 1 quality trade per day , you should look only at 5m chart
Aim for around 50 pips
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yes yes yes
  • #788,530
  • Nov 7, 2023 7:43am Nov 7, 2023 7:43am
Dammit bulls. Where are u? You got space til 1.2335
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #788,531
  • Nov 7, 2023 7:58am Nov 7, 2023 7:58am
Quoting Yngwie
Dammit bulls. Where are u? You got space til 1.2335
half hour till NYO I’m expecting a drop and then a rise. Kind of opposite of yesterday
Insane in the Brain..
  • #788,532
  • Nov 7, 2023 8:13am Nov 7, 2023 8:13am
Quoting BeeTogether
{quote} half hour till NYO I’m expecting a drop and then a rise. Kind of opposite of yesterday
Huh? I thought NY session has started an hour ago?
Exhausted
  • #788,533
  • Nov 7, 2023 8:13am Nov 7, 2023 8:13am
Quoting T721
gbp/cad getting ready to drop big time ----- Lets get this people {image}
Gbp/cad --- chart speaks Still want this drop... No Knife catching when it goes Just follow thebugger down
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  • #788,534
  • Nov 7, 2023 8:13am Nov 7, 2023 8:13am
when u have good physics for trading .
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MY OPINION NOT FINANCIAL ADVISE
  • #788,535
  • Nov 7, 2023 8:14am Nov 7, 2023 8:14am
Quoting Yngwie
Long 1.2291 SL 1.2271
Closed. Try again at 1.2240+
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #788,536
  • Nov 7, 2023 8:14am Nov 7, 2023 8:14am
Last trade stopped. Re-entered long 1.2288 target 1.2470 with 10 pips SL
  • #788,537
  • Nov 7, 2023 8:16am Nov 7, 2023 8:16am
Quoting Purdonious
Shorting @ 1.2400 TP @ 1.22750 SL @ 1.24300 Very small lot size. More there to keep reminding me to watching this one closely. Hopefully turn around soon for a nice long trade. I believe this will retest the H4 short trend line prior to continuing its climb after last weeks news. OR I'm out to lunch
Made it down to our goal line, looking to run it back now.

I believe we may see a run to 1.24500. I'm going to sneak in with a bit larger lot size. Use the profits on the previous short for my risk, see what happens?

Bought a new PC, I believe it arrives today! ......I'm excited
  • #788,538
  • Nov 7, 2023 8:17am Nov 7, 2023 8:17am
Quoting Wavegarrick
{quote} Subtle hints for a retracement towards my weekly pivot at 1.22844. Cheers. {image}
Buy trades at my weekly pivot and just above.
Cheers.
Trade to trade another day
  • #788,539
  • Nov 7, 2023 8:21am Nov 7, 2023 8:21am
its becoming messy

2306 is a key level for me
strong Resistance.

I would start taking longs if price was holding above that level convincingly.

If M5 makes a top below 2298 i would consider more shorts.

or just stop for the day
in wondering about yourself, you forgot what you came here to be part of
  • #788,540
  • Nov 7, 2023 8:28am Nov 7, 2023 8:28am
Quoting Wavegarrick
{quote} Buy trades at my weekly pivot and just above. Cheers.
i agree with this long trade, price may attack 1.2500 in days ahead if and only if price doesn't trade below 1.2276...
Data + Stat + Risk/Emotions Management
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