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Cable Update (GBPUSD)

  • #792,081
  • Nov 22, 2023 4:22am Nov 22, 2023 4:22am
Quoting Moty
{quote} The 200 ema ema is a powerful tool The higher you go with the time frame , the high is the reliability The 5m 200 ema ,is reliable but like all things, is not bullets proof So , you need to be stubborn You got stopped? Enter again {image} {image} Or be like me , don't put stop loss at all {image}
yeah really good, keep going
  • #792,082
  • Nov 22, 2023 4:43am Nov 22, 2023 4:43am
Im shorting GU here, targeting 1.2310
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  • #792,083
  • Nov 22, 2023 4:48am Nov 22, 2023 4:48am
Wakey wakey...
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  • #792,084
  • Nov 22, 2023 4:51am Nov 22, 2023 4:51am
Two opposite scenarios and what to do.

when prices are going to your sl, wait for it to get hit
when prices are going to your tp, start taking partials.
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  • #792,085
  • Nov 22, 2023 4:59am Nov 22, 2023 4:59am
G/M, so far today, a downside breach of Asian lo to a current dly lo after a continued p/back from y/day's 2558 hi. This hi came in a prev (once disrespected as sbr) dly/minor wkly sw lo zone that began @ 2547, = prev supp = pot sbr, the top of which is coexistent with another that begins @ 2577, this a prev minor dly sw lo zone and it extends up to circa 2584. 50% of the main 3142-2038 fall is @ 2589. Asian hi is presently the current dly hi.

dly below
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Trader with an Edge.
  • #792,086
  • Nov 22, 2023 5:04am Nov 22, 2023 5:04am
Quoting Waveskierrob
Wakey wakey... {image}

soon she will be awake in 3minutes 15seconds ....


Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #792,087
  • Edited 5:17am Nov 22, 2023 5:06am | Edited 5:17am
...as Pat pointed out earlier today, the obvious potential rbs zone did indeed catch the current dly lo...4hr best shows it, ie top of that prev 4hr/minor dly sw hi zone = prev res = pot rbs.

4hr below
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Trader with an Edge.
  • #792,088
  • Nov 22, 2023 5:11am Nov 22, 2023 5:11am
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yes yes yes
  • #792,089
  • Nov 22, 2023 5:11am Nov 22, 2023 5:11am
gu, m30
let's wait and see if the pattern works...
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Trendlines H1,H4, SMC
  • #792,090
  • Nov 22, 2023 5:12am Nov 22, 2023 5:12am
...bulls challenging 1st real upside potential obstacle now. 3 x 1hr attempts to get north of y/day's 2559 hi have failed so far. How much more supply can be left in that zone if challenged? Probably retail stops above?

1hr below
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Trader with an Edge.
  • #792,091
  • Nov 22, 2023 5:15am Nov 22, 2023 5:15am
I add conformation incatoer
So far 1 win 15 pips
1 loss 10 pips
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yes yes yes
  • #792,092
  • Nov 22, 2023 5:18am Nov 22, 2023 5:18am
Rangey mf
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yes yes yes
  • #792,093
  • Nov 22, 2023 5:21am Nov 22, 2023 5:21am
Eu is 60 pips from his last peak
Gu is only 30
You cheap busted
Give some for the sellers also
yes yes yes
  • #792,094
  • Nov 22, 2023 5:27am Nov 22, 2023 5:27am
Quoting Moty
I add conformation incatoer So far 1 win 15 pips 1 loss 10 pips {image}
Tried a twist of your 200 ema average.
I use both the 1 min and 5 min window and the 60 and 200 lwma.
In the 5 miin window I divide the LWMA by 5, so I used 12 and 48
Now I get a better indication of what is happening, at least in my feeble old mind.
It has been working well today, up 20 pips from comfortable entry and exit points. Probably could have done better but I am happy.
  • #792,095
  • Nov 22, 2023 5:39am Nov 22, 2023 5:39am
After we get a bearish signal from pvt
We put a pending order at the 50 ema
And it's go time
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yes yes yes
  • #792,096
  • Nov 22, 2023 5:40am Nov 22, 2023 5:40am
short euraud

stop above the red line
Tp on the grey line
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  • #792,097
  • Nov 22, 2023 5:48am Nov 22, 2023 5:48am
Quoting Moty
Eu is 60 pips from his last peak Gu is only 30 You cheap busted Give some for the sellers also
ok great call
  • #792,098
  • Nov 22, 2023 5:53am Nov 22, 2023 5:53am
Quoting Pat Chiko
{quote} GU Undoubtedly, trading can be an emotionally challenging and intellectually perplexing endeavor, often leaving traders feeling frustrated and confused. Upon examining the GU chart, two distinct scenarios appear plausible. The first possibility suggests an imminent reversal, signaling the termination of the current upward trend. Alternatively, the chart may indicate a continuation of the uptrend, with market makers potentially pushing prices higher after exhausting all liquidity below current levels. Given the inherent uncertainty of the...
GU

Despite price exhibiting a lackluster performance during the London session, it remains confined within the H4 wedge.
Price's inability to close above the last Pivot point on the Daily TF reinforces the bearish bias.

Currently, no position is held, as I await a clearer indication of price direction.
The bearish bias remains in play, contingent upon price breaching the H4 wedge.

It is important to note that this is not a signal service but rather a reflection of my personal opinion and thought process based on price movements throughout the day, particularly during the London session.

I welcome any feedback or comments on this analysis.
Not interested for any hindsight comment.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,099
  • Nov 22, 2023 5:53am Nov 22, 2023 5:53am
There is no sl mf ,stop trying
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yes yes yes
  • #792,100
  • Nov 22, 2023 5:55am Nov 22, 2023 5:55am
Quoting Waveskierrob
Wakey wakey... {image}
I will call them to come down...........

If not , they just stay on top of the tree.........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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