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Cable Update (GBPUSD)

  • #792,421
  • Nov 23, 2023 4:05am Nov 23, 2023 4:05am
Quoting fxmasterdxb
This 4hr candle close in the next 10 mins is very decisive for me, i will either stay on the sideline or short
im staying on the sideline, ill wait for PA to retrace to 1.2525-30 to decide on next position
  • #792,422
  • Nov 23, 2023 4:05am Nov 23, 2023 4:05am
...above current dly hi there is a prev minor 4hr sw hi zone = prev res = pot res that starts circa 2574 - 2588 (coexistent with the prev sw lo zone on dly I discussed in an earlier post,) with that 50% 3142-2038 @ 2589. It contains Wkly R1 @/around 2576/77, as well as another longer-term fib circa 2575 (76.4% 2747-2038.)
Trader with an Edge.
  • #792,423
  • Nov 23, 2023 4:07am Nov 23, 2023 4:07am
i was stopped out on gu, took a hit..

I’m long on EURCHF

stop below grey line
Tp at the red line
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My telegram: https://t.me/avidforex
  • #792,424
  • Nov 23, 2023 4:07am Nov 23, 2023 4:07am
Quoting dantpm
{quote} I believe that many traders don't follow your approach!
haah i know !
they are reactive and not pro=active.
in wondering about yourself, you forgot what you came here to be part of
  • #792,425
  • Nov 23, 2023 4:08am Nov 23, 2023 4:08am
Quoting fxmasterdxb
{quote} im staying on the sideline, ill wait for PA to retrace to 1.2525-30 to decide on next position
Similar, I will wait for PA to present a direction with no preconceptions of that price !
  • #792,426
  • Nov 23, 2023 4:09am Nov 23, 2023 4:09am
Quoting Pat Chiko
{quote} GU Identifying Highly Probable S&R Zones....... Seriously, if you examine the Headland chart, you will gain a glimpse of why understanding S&R is the first thing every trader should learn. It took me three years just to learn S&R alone.{image}
Yeh, context is everyting. We don't trade in a vacuum. Understanding what each t/f of interest to you is doing re trending or ranging and if possible (although not entirely necessary for technical trading,) the fundie themes/influences @ play, as well as the previous near-term (relative to each t/f) imbalances of supply over demand or demand over supply were, gives you a 'roadmap' for each day's trading.
Trader with an Edge.
  • #792,427
  • Nov 23, 2023 4:11am Nov 23, 2023 4:11am
Quoting JackintheBox
{quote} What? Why you burn your money? Chances are very low that you will not get stopped out. Well, your money, cheers. Edit: All indicators on green today that we get a slowly, creeping up market today without looking back. It's seldom but today every criteria is met. The only thing which is not in sync is the top of the upward channel on daily on GBP/USD. 1.26 could be a first stop (small retrace only before more up) of that up move which probably will come next hours. Let's see if they use it today to move market a lot, for algos it's perfect...
i still have yesterday profits to gamble. averaging. counter trading is fun
  • #792,428
  • Nov 23, 2023 4:11am Nov 23, 2023 4:11am
Quoting JackintheBox
{quote} Looks like someone had the news just 10 seconds before release... spike came 10-7 seconds before news... investigation will start on that. May be we will never now but that was inside trade, 99% sure. Looks like UK finally get on track again. Startpoint for shorting EUR/GBP finally. Adds fuel to GBP/USD going up more, I think downtrend weekly is now obsolete. Flash PMI not first time surprise, looks stable.
Spike at 9.30:00 Automatic . 70% to 80% trades are auto these days.
  • #792,429
  • Nov 23, 2023 4:15am Nov 23, 2023 4:15am
The gap is calling you mf
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yes yes yes
  • #792,430
  • Nov 23, 2023 4:16am Nov 23, 2023 4:16am
Quoting Chancy
{quote} Spike at 9.30:00 Automatic . 70% to 80% trades are auto these days.
Except that auto trading places orders and the market still has to match the open orders so just placing orders doesn't move price. The market moves price!
  • #792,431
  • Nov 23, 2023 4:17am Nov 23, 2023 4:17am
Quoting JackintheBox
{quote} I wouldn't dare to short GBP/USD now,- and I say this as mainly counter trend / retrace trader. News Impact is mostly random but sometimes on big events it has huge, lasting impact, not looking back. That's the days were you loose a lot of money if you don't obey to that rule - we have a day like that today. We had two surprises today: Sweden did not rose the interest rates from 4% to 4.25% (left it at 4%) - market jumped up like crazy (EUR/SEK) And Flash PMI on every side on UK was much better than expected but still below 50. Anyway, that...
Guess that means it's time to short! Watch me move the market to troll you.
Congratulations ScalaFX for coming out of the closet!
  • #792,432
  • Nov 23, 2023 4:18am Nov 23, 2023 4:18am
Quoting Chancy
{quote} Spike at 9.30:00 Automatic . 70% to 80% trades are auto these days.
That some people knew of the data probably was yesterday at around 15.30. This has been going on for decades if not a century.
W.D. Gann said once that the market casts its shadow .
  • #792,433
  • Nov 23, 2023 4:19am Nov 23, 2023 4:19am
You want to spike another 20 pips mf?
Maybe 60 more ?
But that is all
If you go there i will sell my house I don't have and short your ass !!!
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yes yes yes
  • #792,434
  • Nov 23, 2023 4:21am Nov 23, 2023 4:21am
Quoting nubcake
{quote} Guess that means it's time to short! Watch me move the market to troll you.
Look at it go down. A thing of beauty.
Congratulations ScalaFX for coming out of the closet!
  • #792,435
  • Nov 23, 2023 4:23am Nov 23, 2023 4:23am
Quoting Wavegarrick
Real time scalp sell trade at 1.25345 and I only post this because price is currently rejecting off 1.25500 with long hourly candle wicks and the rising trendline broken. My system does not tell me that yet but knowing your system and anticipation becomes crucial for me. Stop loss above todays high. target 1.25000. Cheers. {image}
The above trade was taken for 32 pips at 1.25000 yesterday.
Some times it's better to sit back and do nothing. Let the big fish have their fill on the small fish
Cheers.
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Trade to trade another day
  • #792,436
  • Nov 23, 2023 4:24am Nov 23, 2023 4:24am
GU ショートを損切りしてロングに切り替えています。
天井を抜けたので少し下げそうですがBEを移動して放置します。
下に見える日足線はきれいにH1
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をサポートしているので指標に関わらず上昇トレンド継続と見ています。
  • #792,438
  • Nov 23, 2023 4:26am Nov 23, 2023 4:26am
My system gave the signal allrigth
It's that think that he can overcome the world
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yes yes yes
  • #792,439
  • Nov 23, 2023 4:28am Nov 23, 2023 4:28am
...updated. Asian lo remains the current dly lo after this 2nd upside break of the Asian hi.

1hr then 4hr below
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Trader with an Edge.
  • #792,440
  • Nov 23, 2023 4:33am Nov 23, 2023 4:33am
Quoting Wavegarrick
{quote} The above trade was taken for 32 pips at 1.25000 yesterday. Some times it's better to sit back and do nothing. Let the big fish have their fill on the small fish Cheers. {image}
Leon, why you hold these longs? It is time to short.
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