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Cable Update (GBPUSD)

  • #791,041
  • Nov 17, 2023 7:26am Nov 17, 2023 7:26am
Quoting Traderview
{quote} Watch the green box. If this 4hr closes below 1.2425, then i'd be very cautious in buying. That zone could be a hot bed for manipulation 1.24 - 1.2425. {image}
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  • #791,042
  • Nov 17, 2023 7:26am Nov 17, 2023 7:26am
Quoting Moty
Come on mf Die allready 10 mins for data {image}
@Moty, 8:30 and 9:30 NY time are probable spike/direction times daily, news or no news!
  • #791,043
  • Nov 17, 2023 7:36am Nov 17, 2023 7:36am
Quoting knkie
{quote} agreed i thought we were there not yet ;0
Let’s see what NYO gives us
Insane in the Brain..
  • #791,044
  • Nov 17, 2023 7:41am Nov 17, 2023 7:41am
Fuck you mister gj mf ,mister false breaker
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yes yes yes
  • #791,045
  • Nov 17, 2023 7:43am Nov 17, 2023 7:43am
Yes yes yes
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yes yes yes
  • #791,046
  • Nov 17, 2023 7:44am Nov 17, 2023 7:44am
Quoting hoda
{quote} "Wa-Alaikum-Salaam". Jumma Mubarak. Enjoy your trading! I wish you a lot of green pips! {image}
Thank you For the wish Just learning and try to be consistent. As a house wife not have much time to trade all session so i always posted in London session. Trying to be able in NewYork as well.
  • #791,047
  • Nov 17, 2023 7:45am Nov 17, 2023 7:45am
Quoting T721
{quote} Mysterio lives 5miles from me
have you met?, what's your verdict scammer or good guy?
  • #791,048
  • Nov 17, 2023 7:50am Nov 17, 2023 7:50am
Now I know why we are losing money in Forex.

There are times when you can not trade a particular pair. For example Gu, I said it earlier that I will trade gu when the H4 candle closes below the resistance level but when price got to the resistance level it bounces. You can’t simply take short but wait wait wait for a close of the level.… waiting is the secret to accumulating funds in Forex, if you don’t know when to wait, you’ll not have overall growth. And stop using any time frame lower than the H4…
I took GBPCAD short today when the H1 candle closes below the resistance level but it failed. H1 is very noisy.

I recommend only two time frames, the daily and H4 time frame. I personally use the H4 time time frame and some times I visit daily time frame maybe when I take a loss.
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My telegram: https://t.me/avidforex
  • #791,049
  • Nov 17, 2023 8:15am Nov 17, 2023 8:15am
Quoting BigNumbers
Now I know why we are losing money in Forex. There are times when you can not trade a particular pair. For example Gu, I said it earlier that I will trade gu when the H4 candle closes below the resistance level but when price got to the resistance level it bounces. You can’t simply take short but wait wait wait for a close of the level.… waiting is the secret to accumulating funds in Forex, if you don’t know when to wait, you’ll not have overall growth. And stop using any time frame lower than the H4… I took GBPCAD short today when the H1 candle...
I see your point. The problem I have with that is that my constant profit is not possible if I trade 4 hours - except I trade all currency pairs simoultaneously (probably 40 or more) - that's may be an alternative. I get too little signals on 4 hours to be profitable over the whole day or even week.
What I understand is the spread problem. With 2 or even 3 pips spread you cannot go for targets like 10 pips profit. Here you have a huge advantage on 4 hours because in general your TP is more than 30 pips which reduces the spread costs extensively.

Another point is, that I have not found real evidence that to trade a higher timeframe is more "secure" in the sense of any system. In very small TP's (<10 pips) it has a small impact but if you go for 20 or 200 pips, I cannot see any difference of signals between 5 minutes or 4 hours signals. But probably there is sth when you mention that - I just have not found (proofed it) it. thanks for input
  • #791,050
  • Nov 17, 2023 8:17am Nov 17, 2023 8:17am
Looks like 12480 not happening today. Maybe next week now. Which would in my opinion mean a retest of 125-12520
Insane in the Brain..
  • #791,051
  • Edited 9:02am Nov 17, 2023 8:36am | Edited 9:02am
Drop already Auncle F...
CLOSED SHORT ON BE SWITCHED TO LONG FOR A FEW ......
average dude treading water
  • #791,052
  • Nov 17, 2023 8:39am Nov 17, 2023 8:39am
I hope for you all that today is better than yesterday but worst than tomorrow!

Cheers !!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #791,053
  • Nov 17, 2023 8:41am Nov 17, 2023 8:41am
I did not trade London, as it was my sleeping time.

NYO, the spike i traded. Shorted the spike.

Being friday, this is enough for me.

This profit falls in my desired range.

1.5 to 2 %.
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Intraday only.
  • #791,054
  • Nov 17, 2023 8:44am Nov 17, 2023 8:44am
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yes yes yes
  • #791,055
  • Nov 17, 2023 8:44am Nov 17, 2023 8:44am
Crucial. If this 1hr closes above 1.2425, then it'll hit 1.2455.
  • #791,056
  • Nov 17, 2023 8:55am Nov 17, 2023 8:55am
Quoting AlfieSolomon
{quote} yess and i forget wavegarrick
Hopefully that' the last we'll see of that gang...
  • #791,057
  • Nov 17, 2023 9:03am Nov 17, 2023 9:03am
Eurgbp need to go below 0.8747
  • #791,058
  • Nov 17, 2023 9:04am Nov 17, 2023 9:04am
Quoting Traderview
Crucial. If this 1hr closes above 1.2425, then it'll hit 1.2455.
it’s a struggle today, 12430-40 is the one at crack today.
Insane in the Brain..
  • #791,059
  • Nov 17, 2023 9:07am Nov 17, 2023 9:07am
Gold retracing to 1987 and then will sell down.
  • #791,060
  • Nov 17, 2023 9:16am Nov 17, 2023 9:16am
Friday sell offs, see ya all Monday have a great weekend
Insane in the Brain..
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