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Cable Update (GBPUSD)

  • #792,241
  • Nov 22, 2023 11:51am Nov 22, 2023 11:51am
Quoting Fardeen1209
{quote} Thanks Mr Coreg. I have the same view for wave 4 to at least 1.2495, and wave 5 to 1.2418 4hr Demand, which we have many confluence happening there on lower timeframe It can be the support for GU for this week. However, Daily EW counts {image} I see possible for trend down to resume. Lately i do not insert EW counts in my chart, since it was amateur, I just started reading High probability Trading Strategies By Robert.Miner, in hope i may understand the complex waves and rules using the fib extension to view the chart from a professional...
Fardeen, if the second leg (b)-(c) of the correction is in place, we (EW traders) target a 50% retracement @1.2315 watching what is on the way to this level.
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Always trade your own plan...I don't provide trading signals.
  • #792,242
  • Nov 22, 2023 11:52am Nov 22, 2023 11:52am
THE SHOULDA WOULDA FUCKINGCOULDA TRADE

GBP/CAD ---- was wanting a drop of at least 200pips by now. So went short yesterday and managed to get 14 shorts on, Great 1st part done

started dropping yesterday and had good profits. Now here is the Shoulda part. Wish i could tell you i took at least 50% off near yesterdays lows but i didnt, i was thinking probably get a small correction then a bigger drop today.

Anyways hindsight is a beautifulfuckingthing but i dont trade hindsight ----- So today the trade came all the way back to breakeven then underwater, So yes woulda been great to get half off yesterday then put that half back on short today but i didnt --- I swing and sometimes it is a bitch needing a shitloada PATIENCE

So now i have locked in 40pips on all postions and see if i get my 200-250pips. Who knows (i sure as hell dont) maybe i get-em maybe i only get the 40

Can only trade my Bias, if it works i make a bit, if it doesnt i lose a little ------
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  • #792,243
  • Nov 22, 2023 11:52am Nov 22, 2023 11:52am
for me, no selling b4 2490/2500
Intraday only.
  • #792,244
  • Nov 22, 2023 11:54am Nov 22, 2023 11:54am
Quoting T721
THE SHOULDA WOULDA FUCKINGCOULDA TRADE GBP/CAD ---- was wanting a drop of at least 200pips by now. So went short yesterday and managed to get 14 shorts on, Great 1st part done started dropping yesterday and had good profits. Now here is the Shoulda part. Wish i could tell you i took at least 50% off near yesterdays lows but i didnt, i was thinking probably get a small correction then a bigger drop today. Anyways hindsight is a beautifulfuckingthing but i dont trade hindsight ----- So today the trade came...
Oh, 4got to say i just scaled some aggressive shorts on US500 for a swing fwiw
  • #792,245
  • Nov 22, 2023 11:57am Nov 22, 2023 11:57am
Quoting T721
{quote} Oh, 4got to say i just scaled some aggressive shorts on US500 for a swing fwiw
Is this a swing day trade or are you looking for follow through selling after on Friday after the market re-opens from being closed for Thanksgiving?
Life itself is a privilege, but to live life to the fullest is a choice
  • #792,246
  • Nov 22, 2023 11:57am Nov 22, 2023 11:57am
Looks like market set the Price for another 2 days. Sideways...until Monday...
  • #792,247
  • Nov 22, 2023 12:01pm Nov 22, 2023 12:01pm
Quoting vidvad
{quote} Is this a swing day trade or are you looking for follow through selling after on Friday after the market re-opens from being closed for Thanksgiving?
Swing short trade --- target 4320ish maybe lower, will have to wait n see price action once it turns lower
  • #792,248
  • Nov 22, 2023 12:13pm Nov 22, 2023 12:13pm
gu short… stop above the red line
Tp at the grey line below
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My telegram: https://t.me/avidforex
  • #792,249
  • Nov 22, 2023 12:14pm Nov 22, 2023 12:14pm
I had talked on my earlier post about Gbpusd going down to 200 pips or more because those guys are not done dumping their positions
Like i said earlier find your entry, ride it if you want but know i might be wrong....

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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #792,250
  • Nov 22, 2023 12:17pm Nov 22, 2023 12:17pm
Quoting fxmasterdxb
Im shorting GU here, targeting 1.2310 {image}
closed my short, not liking the PA, as its turning bullish
  • #792,251
  • Nov 22, 2023 12:19pm Nov 22, 2023 12:19pm
I am preparing for Asia.
A drop to 2450 after tokyo open.
I will buy for 40 to 50 pips.
The NY session now likely to remain in range b/w 2500 and 2450
Intraday only.
  • #792,252
  • Nov 22, 2023 12:21pm Nov 22, 2023 12:21pm
Hamas and Israel talking about fireing stop for 4 days? I heard in news, Gold can drop hard
People don't plan to lose. They lose because they don't plan.
  • #792,253
  • Nov 22, 2023 12:25pm Nov 22, 2023 12:25pm
Quoting ScalaFX
this drop was in the air! If somebody felt this is now in fat profit
I did felt it and is far from over. I might be wrong ooo
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #792,254
  • Nov 22, 2023 12:27pm Nov 22, 2023 12:27pm
After 2460 1st confirmation /better say 1st signal, limit up goes 2506 while probable target 2416.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #792,255
  • Nov 22, 2023 12:28pm Nov 22, 2023 12:28pm
Quoting Zebi
hate to spoil it for you all but salmon run is over so just the skinny hungry bears still out fishing LOL GU will be hier by christmas inspite of what the idiot tories do LOL BRING BACK LIZ TRUSS nice to know there dumber brits than our own MAGA crowd https://explore.org/livecams/brown-b...YaApn4EALw_wcB
We don't care about what happens in Christmas or the future all we care about is our positions for today, we are traders we lose and make money
anywhere the price goes. Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #792,256
  • Nov 22, 2023 12:32pm Nov 22, 2023 12:32pm
Bad entry
Main trend for now is up
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yes yes yes
  • #792,257
  • Nov 22, 2023 12:32pm Nov 22, 2023 12:32pm
If the price moves below 1.2485, then no bulls for today.
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  • #792,258
  • Nov 22, 2023 12:34pm Nov 22, 2023 12:34pm
Now it's time
10 to 30 , again
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yes yes yes
  • #792,259
  • Nov 22, 2023 12:41pm Nov 22, 2023 12:41pm
I am surprised that with the Binance ruling there isn't cash flowing into all currencies!
  • #792,260
  • Nov 22, 2023 12:50pm Nov 22, 2023 12:50pm
Quoting T721
{quote} Oh, 4got to say i just scaled some aggressive shorts on US500 for a swing fwiw
US500 CHART ---- just incase anybugger is following thisbugger with shorts ---- Grey zones are where Liquidity will draw price to
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