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Cable Update (GBPUSD)

  • #791,421
  • Nov 20, 2023 5:53am Nov 20, 2023 5:53am
My eyes on eu…
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My telegram: https://t.me/avidforex
  • #791,422
  • Nov 20, 2023 5:58am Nov 20, 2023 5:58am
You may have noticed that there are several members on this forum who either treat other members with respect or simply ignore them.
There are other members who regularly get into mud slinging renditions.
The point has been discussed before. A moderator, if one can be found could start banning those who don't treat other traders with appropriate decorum.
We haven't found the individual willing to take on the role.
Until this happens we are stuck with the status quo as 'Twee' & Co only step in to major battles.
  • #791,423
  • Nov 20, 2023 6:14am Nov 20, 2023 6:14am
Quoting Wavegarrick
{quote} Hi Headland, {quote} I absolutely agree with the quoted statement and you hit it on the nail. It is also fair to say that traders should not be called out for posting late trades or hindsight trades then. I think it has been the biggest cause of discontent in this thread more specifically when it is aimed a painting someone in some sort of negative light. I truly hope that we can all agree to this and this matter can be settled once and for all. We are all or should I say most of us are here to try and help other traders. Cheers.
why do you want to settle this matter? are you afraid of pat and waveskie
  • #791,424
  • Nov 20, 2023 6:16am Nov 20, 2023 6:16am
too many levels on gu

if it breaks the next level below then we should have a reasonable amount of pips run to the next level.
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  • #791,425
  • Nov 20, 2023 6:19am Nov 20, 2023 6:19am
EURAUD long
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  • #791,426
  • Nov 20, 2023 6:23am Nov 20, 2023 6:23am
Quoting ScalaFX
{quote} 2nd partials taken, almost 85%, rest free ride, I love Gold
out all
People don't plan to lose. They lose because they don't plan.
  • #791,427
  • Nov 20, 2023 6:30am Nov 20, 2023 6:30am
usd/chf looks real good for longs if anyone wants it -- posted chart in my thread
  • #791,428
  • Nov 20, 2023 6:38am Nov 20, 2023 6:38am
Scalp long GU @ 1.2467, targeting 1.2540
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  • #791,429
  • Nov 20, 2023 6:44am Nov 20, 2023 6:44am
Watch 1.2483. A solid price for bulls.
  • #791,430
  • Nov 20, 2023 6:46am Nov 20, 2023 6:46am
...support encountered at top of a prev minor 1hr sw hi zone = prev res = pot rbs, now a prev 30min sw lo zone, ...could firm up into a prev 1hr sw lo zone ? 1st potential upside obstacle cleared.


1hr below
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Trader with an Edge.
  • #791,431
  • Nov 20, 2023 6:52am Nov 20, 2023 6:52am
Quoting jordanvic
{quote} Paul Tudor Jones become a billionaire trading the 5min chart though. Soros became a billionaire using pure fundamental analysis and anticipation of it. There is no right or wrong way/timeframe to trade. you just got to find which one is the best for you. that is the hard part.
I have no "one" TF to trade: I evaluate ALL TFs and then simply use ALL of the information presented to select the "one" TF AT THAT MOMENT to trade from. So of course as information continues to come in during the day, the "one" TF changes accordingly.
To free Gazans of Hamas, use whatever it takes.
  • #791,432
  • Nov 20, 2023 6:59am Nov 20, 2023 6:59am
Quoting BigNumbers
My eyes on eu… {image}
Me too
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yes yes yes
  • #791,433
  • Nov 20, 2023 7:06am Nov 20, 2023 7:06am
Quoting DrDave
{quote} I have no "one" TF to trade: I evaluate ALL TFs and then simply use ALL of the information presented to select the "one" TF AT THAT MOMENT to trade from. So of course as information continues to come in during the day, the "one" TF changes accordingly.
Hi. Nice explanation. I think mine would be best described as an adaptation of Dr. Alexander Elder's triple t/f analysis approach, ie: I designate a 'shortest, intermediate, and longest t/f, (in 2 t/f combo's,) then for;

Trend: I look for intermediate and longest t/f's (+) to be trending and seek an entry after a p/back on the shortest t/f @ an intermediate t/f potential sbr/rbs -or- the longest t/f (+) to be trending and seek an entry after a p/back on the intermediate t/f @ a longest t/f sbr/rbs.
Ant-trend/Ranging: Depending on how many t/f's are trending in same direction - I have a rule-set as to how many t/f's a set-up needs to appear on for me to go against that trend, only @ longest t/f (+) potential supp/res, acting on the most sensible/clearest t/f PA close that may confirm such a set-up on any of those t/f's below the longest t/f, ie the shortest or intermediate t/f.
Trader with an Edge.
  • #791,434
  • Nov 20, 2023 7:24am Nov 20, 2023 7:24am
Quoting Headland
{quote} Hi. Nice explanation. I think mine would be best described as an adaptation of Dr. Alexander Elder's triple t/f analysis approach, ie: I designate a 'shortest, intermediate, and longest t/f, (in 2 t/f combo's,) then for; Trend: I look for intermediate and longest t/f's (+) to be trending and seek an entry after a p/back on the shortest t/f @ an intermediate t/f potential sbr/rbs -or- the longest t/f (+) to be trending and seek an entry after a p/back on the intermediate t/f @ a longest t/f sbr/rbs. Ant-trend/Ranging: Depending on how many...
I know Elder's triple screen system. He is on the right track: He simply still leaves out a lot of valuable information with the limited TFs that he evaluates.
To free Gazans of Hamas, use whatever it takes.
  • #791,435
  • Nov 20, 2023 7:24am Nov 20, 2023 7:24am
Quoting Traderview
1.2480 is support {image}
Update:
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  • #791,436
  • Nov 20, 2023 7:34am Nov 20, 2023 7:34am
Quoting mkvy
{quote} my advice to is stay away from forums like this until you have a set strategy that no one elses ideas can effect Dont take any note of data releases and never watch the news never trade time frames lower than 4h basically by following these simple steps youll be doing what 90% trader dont do most traders here are loser casino gamblers. But not everyone good luck!
First point.
Let me start by saying that I agree with you about not being ready with a sound system in place. I trade supply and demand using price action only, with the occasional indicator. I learnt with redsword11 forum 'price is everything'. I learnt with him personally, and he taught me everything I need to know, and therefor dont need to rely on someone else's ideas to make a trade. Plus I have chart time in my favour. That's also very important.


I don't agree about data releases. Data releases give us strong price action or liquidity in the market and it allows price action to test unfilled S&D levels at more extreme levels then normal.

The last point, which I agree on, is dont trade lower time frames if you are a newbie. The lower the time frame you are on, the more 'data' (signals) you are flooded with.

I woukd also add that you don't need much in your account to really get started. £300 is enough trading micro lots and it's also the smart thing to do.

Quoting JereMi256
{quote} Hello Joseph, I welcome your input, thanks. Ps// Great message but to me, Cable Update is more about live trade calls/analysis in real time. If there is a reason attached to your view, even better for purposes of constructive interactions. Happy trading, jereMi.
Thanks,

I did add my reason for last night's trade with the blue lines and cap in price.

Here is another trade I just took! A little slow in posting, sorry.
With an update one.
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I'm using my phone which doesn't make it very clear my levels, as its limited with the functions. But I'll make an effort in the future with that by using a computer.
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Red lines on the above chart signal seller's at that level. My buy will be null and void if we can't break above
this supply level. On the flip side if we go down we go down from the red lines.
Indicators only Indicate, Price action dictates.
  • #791,437
  • Nov 20, 2023 7:36am Nov 20, 2023 7:36am
Price not break days opening area. Let’s see if NYO helps move the market a bit
Insane in the Brain..
  • #791,438
  • Nov 20, 2023 7:53am Nov 20, 2023 7:53am
price at breakout level at 2471, on support now , waiting breakout to below 2444 as of morning pa . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #791,439
  • Nov 20, 2023 7:53am Nov 20, 2023 7:53am
Quoting BeeTogether
Price not break days opening area. Let’s see if NYO helps move the market a bit
i doubt there will be any move for the rest of the day, probably price will go side ways till tomorrow
  • #791,440
  • Nov 20, 2023 7:55am Nov 20, 2023 7:55am
Quoting fxmasterdxb
{quote} i doubt there will be any move for the rest of the day, probably price will go side ways till tomorrow
definitely looks like it. If it does break it will be below12460 or above 12490 both bring support and resistance currently
Insane in the Brain..
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