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Cable Update (GBPUSD)

  • #793,461
  • Nov 28, 2023 12:53pm Nov 28, 2023 12:53pm
Leading indicators are not superior to lagging indicators. You can lose a lot of money with leading indicators just as with lagging indicators.
When you use leading indicators, they can mislead you and you will experience a lot of fake-outs.

If we combine leading indicators together with lagging indicators and coincident indicators, then this is part of a recipe for success in making short-term investing decisions.
This is one investment in a bucket of thousands!
  • #793,462
  • Nov 28, 2023 12:54pm Nov 28, 2023 12:54pm
Quoting eyefeelsix
{quote} Bullets refill for the fifth wave {image}
add #2nd buy --- target updated near 1.2750 ( set and forget zzZ" )
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https://breakpullback.com
  • #793,463
  • Nov 28, 2023 12:56pm Nov 28, 2023 12:56pm
Quoting OperaniyiFx
{quote} how can we learn how to do this calculation pls ?
Pull up the average daily range indicator on your chart; and, there you go! You have an average range where price may go to. Traders use this to determine extremes of price movement for the day or week or month. Some use the average daily range, average weekly range or average monthly range of price fluctuations to determine market entries.
This is one investment in a bucket of thousands!
  • #793,464
  • Nov 28, 2023 12:57pm Nov 28, 2023 12:57pm
So those who know me here will know I don’t use an SL unless I’m in 30-50 pips profit

it’s over 200 pips from my b/e and yes it’s risky going ahead however I have been in this situation many times. I will cut my losses later if we get to 128.

although I will look for below 126 for potential take a hit and go long if there is sign of a reversal
Insane in the Brain..
  • #793,465
  • Nov 28, 2023 12:58pm Nov 28, 2023 12:58pm
Quoting Waveskierrob
GU on fire, if goes any higher I'll have to sell a kidney....still SHORT
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  • #793,466
  • Nov 28, 2023 1:05pm Nov 28, 2023 1:05pm
Quoting knkie
i will let m5 break 2688-ish then enter long again on a pullback bar
long 2688
m5 chart
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in wondering about yourself, you forgot what you came here to be part of
  • #793,467
  • Nov 28, 2023 1:06pm Nov 28, 2023 1:06pm
Quoting BeeTogether
So those who know me here will know I don’t use an SL unless I’m in 30-50 pips profit it’s over 200 pips from my b/e and yes it’s risky going ahead however I have been in this situation many times. I will cut my losses later if we get to 128. although I will look for below 126 for potential take a hit and go long if there is sign of a reversal
Oh wow!
This is one investment in a bucket of thousands!
  • #793,468
  • Nov 28, 2023 1:07pm Nov 28, 2023 1:07pm
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yes yes yes
  • #793,469
  • Edited 1:35pm Nov 28, 2023 1:12pm | Edited 1:35pm
...I have regular bearish div still on 2hr and 4hr @ current dly hi, with 30min (not 1hr) o/b. There is a pattern of 15min bullish hidden div @ current p/back lo which may stay valid whilst above 2649. Of course on any deeper p/back 30min/1hr of same could develop - and may be valid whilst price above 2607.

That 15min bullish hidden div came @ 38.2% of the day's current lo-hi move.

1hr below
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Trader with an Edge.
  • #793,470
  • Nov 28, 2023 1:14pm Nov 28, 2023 1:14pm
Trade went well for a while (17 pips profit at the lowest price)
but the croocks woke up
You can get out with be
And re enter when 1.26774 breaks
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yes yes yes
  • #793,471
  • Nov 28, 2023 1:17pm Nov 28, 2023 1:17pm
Quoting IgorGG
Could today be the end of this retracement? We finally had softer US data last week, but one swallow doesn't make a summer. If next week data confirms downturn, we could finally get sustainable trend upwards to 1.25 which is my target. And possibly get back to 1.27 by the end of the year.

All targets hit sooner than expected, so this year is done for me. Next year initial goal for GBP/USD 1.35; dxy 94. Good luck everyone and happy holidays.
  • #793,472
  • Nov 28, 2023 1:19pm Nov 28, 2023 1:19pm
Gold, i will get my vengeance
  • #793,473
  • Nov 28, 2023 1:38pm Nov 28, 2023 1:38pm
Quoting Whale
Gold, i will get my vengeance
i stand with you in the line lol
gold eat $3500 from me today
  • #793,474
  • Nov 28, 2023 1:39pm Nov 28, 2023 1:39pm
Quoting fxmasterdxb
{quote} i stand with you in the line lol gold eat $3500 from me today
gold only account.
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  • #793,475
  • Nov 28, 2023 1:46pm Nov 28, 2023 1:46pm
Quoting Whale
{quote} gold only account. {image}
whoa whale
what happened man
in wondering about yourself, you forgot what you came here to be part of
  • #793,476
  • Nov 28, 2023 1:50pm Nov 28, 2023 1:50pm
Quoting Whale
{quote} gold only account. {image}
ooops, im sure you will get it back soon

Keep your head up and focus, we will get revenge from gold at a later time
  • #793,477
  • Nov 28, 2023 1:58pm Nov 28, 2023 1:58pm
Quoting knkie
{quote} whoa whale what happened man
fish not whale
  • #793,478
  • Nov 28, 2023 1:58pm Nov 28, 2023 1:58pm
Maybe tomorrow there will be opportunities to sell Gold.
  • #793,479
  • Nov 28, 2023 2:00pm Nov 28, 2023 2:00pm
Serious USD sell off
  • #793,480
  • Nov 28, 2023 2:10pm Nov 28, 2023 2:10pm
XAUUSD Maybe it's going to 2100
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