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Cable Update (GBPUSD)

  • #793,601
  • Nov 29, 2023 1:41am Nov 29, 2023 1:41am
Quoting dantpm
{quote} Ah yes but which pivot? {image}
Quoting Luxyus
{quote} a retrace till daily pivot where buy should restart, following PA on tf H1
1.2673
chaos is just unknown order
  • #793,602
  • Nov 29, 2023 1:41am Nov 29, 2023 1:41am
Quoting Konichiwhaat
{quote} No trading yesterday. Today, 14, 15 and 16. Four more to go {image}
17, 18, 19 and 20. Another 20 complete. 6 trading days. This was a negative result
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Emotional Control. Process, not outcome.
  • #793,603
  • Nov 29, 2023 1:42am Nov 29, 2023 1:42am
Gbpusd tp is 1.27800. Retracing will buy at 1.2680”
  • #793,604
  • Nov 29, 2023 1:44am Nov 29, 2023 1:44am
Quoting Jackoboms
{quote} This could be a trap as well, to trap us into selling and then the bulls BUYs
It may be. If you are always panic about trap, manipulation etc... where do you enter?
It is all about risk management..
It reached the 61.8 fib and month is going to end there must be profit booking
Attached Image (click to enlarge)
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Read the chart... Fundies are catalyst...
  • #793,605
  • Nov 29, 2023 1:47am Nov 29, 2023 1:47am
Quoting Luxyus
{quote} {quote} 1.2673
I think 1.24714 is a 'better' pivot pint for the 1 hr time frame but hey.
  • #793,606
  • Nov 29, 2023 1:49am Nov 29, 2023 1:49am
gold scalpers,
as long as price not going significantly above 2043 on ltf (lets say 5m) its a short with minimum target of 2033
  • #793,607
  • Nov 29, 2023 1:50am Nov 29, 2023 1:50am
Attached Image (click to enlarge)
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Bounce or short here
  • #793,608
  • Nov 29, 2023 1:52am Nov 29, 2023 1:52am
Quoting satheesh
{quote} what kind of confirmation do we need? it reached the 61.8 fibo and I am risking 30 to 40 pips to get 50 pips
Confirmation in breaking key support levels.
  • #793,609
  • Nov 29, 2023 1:55am Nov 29, 2023 1:55am
Quoting dantpm
{quote} I think 1.24714 is a 'better' pivot pint for the 1 hr time frame but hey.
Would be great to see 1.261 for BUY opportunities
  • #793,610
  • Nov 29, 2023 1:57am Nov 29, 2023 1:57am
My gut feeling for dxy.. still alot of room to fly
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #793,611
  • Nov 29, 2023 1:57am Nov 29, 2023 1:57am
Quoting Whale
gold scalpers, as long as price not going significantly above 2043 on ltf (lets say 5m) its a short with minimum target of 2033
Doesnt look like Gold has the strength to push any further
  • #793,612
  • Nov 29, 2023 1:59am Nov 29, 2023 1:59am
Quoting montygoldy
My gut feeling for dxy.. still alot of room to fly {image}
103 then 103.300 looks feasible
  • #793,613
  • Nov 29, 2023 1:59am Nov 29, 2023 1:59am
Quoting Jackoboms
{quote} Confirmation in breaking key support levels.
your system tells you to wait for the break of support level and mine tells it reached the resistance level
Everyone have their own strategy
Read the chart... Fundies are catalyst...
  • #793,614
  • Nov 29, 2023 2:00am Nov 29, 2023 2:00am
good job mister aussie
Attached Image (click to enlarge)
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yes yes yes
  • #793,615
  • Nov 29, 2023 2:00am Nov 29, 2023 2:00am
Quoting Jackoboms
{quote} Doesnt look like Gold has the strength to push any further
any further down or up, explain me with chart bro, i'm kind of stupid.
only drawing.
  • #793,616
  • Nov 29, 2023 2:02am Nov 29, 2023 2:02am
Quoting satheesh
{quote} your system tells you to wait for the break of support level and mine tells it reached the resistance level Everyone have their own strategy
I mean no harm. I am here to learn. Not talking about my system or your system. It's a forum we can relate and learn
  • #793,617
  • Nov 29, 2023 2:03am Nov 29, 2023 2:03am
Quoting Whale
{quote} any further down or up, explain me with chart bro, i'm kind of stupid. only drawing.
I'm with you on that statement. Gold is likely to sell to the point you pointed at. Thats 2033. Doesnt look like it has the power to push further up towards 2050
  • #793,618
  • Nov 29, 2023 2:11am Nov 29, 2023 2:11am
Quoting Jackoboms
{quote} I'm with you on that statement. Gold is likely to sell to the point you pointed at. Thats 2033. Doesnt look like it has the power to push further up towards 2050
it has the same power that took the price from 1811 to 2052 in one month.

its a reversal trade to the last BO level (discount level)
  • #793,619
  • Nov 29, 2023 2:13am Nov 29, 2023 2:13am
Quoting Jackoboms
{quote} I'm with you on that statement. Gold is likely to sell to the point you pointed at. Thats 2033. Doesnt look like it has the power to push further up towards 2050
I believe that it is more dependent on what happens to DXY today...
  • #793,620
  • Nov 29, 2023 2:13am Nov 29, 2023 2:13am
Btw.
EU below 1.0984 is a sell .
the best i can see ATM for massive sell.
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