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Cable Update (GBPUSD)

  • #795,121
  • Dec 5, 2023 7:11am Dec 5, 2023 7:11am
Hi all, 126 is a big barrier to break however as we all are thinking if it breaks it will be a massive drop. Problem is with a lot of data this week and next we could see a total reversal and an attempt for 130 too. On 4H and 15M it looks bearish but just one bit of data can flip it
Insane in the Brain..
  • #795,122
  • Dec 5, 2023 7:16am Dec 5, 2023 7:16am
The way it’s shaping up it could
push under 126 with heavy selling pressure but like Bee said, one bit of data it could cancel the drop out. We are looking for a drop then retest of the support turned resistance for a good trade and confirmation follow through
  • #795,123
  • Dec 5, 2023 7:19am Dec 5, 2023 7:19am
Quoting BeeTogether
Hi all, 126 is a big barrier to break however as we all are thinking if it breaks it will be a massive drop. Problem is with a lot of data this week and next we could see a total reversal and an attempt for 130 too. On 4H and 15M it looks bearish but just one bit of data can flip it
well ofcourse everything is possible, however, its highly likely we see the drop today, pa could push up to wipe out some sellers and then drop, or it could drop 30/40 pips and then reverse up to continue uptrend.

This is my analysis and reading of the chart, of course i can be wrong
  • #795,124
  • Dec 5, 2023 7:23am Dec 5, 2023 7:23am
ECB about to fuck all you jabroni's
Congratulations ScalaFX for coming out of the closet!
  • #795,125
  • Dec 5, 2023 7:27am Dec 5, 2023 7:27am
Quoting Pat Chiko
{quote} GOLD update on scalping position{image}
GOLD

Stopped out.

Revenge trading.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 003.jpg Size: 214 KB


P/S Will share if losses for these trades.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,126
  • Dec 5, 2023 7:28am Dec 5, 2023 7:28am
Quoting Pat Chiko
{quote} GU update on scalping position{image}
GU

update scalping position
Regular Flat pattern
Attached Image (click to enlarge)
Click to Enlarge Name: gu 003.jpg Size: 180 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,127
  • Dec 5, 2023 7:30am Dec 5, 2023 7:30am
still 1.2600 support is valid. Tested multiple times not broken yet. Still I am holding my longs. will go to short once 1.2600 breaks
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
Read the chart... Fundies are catalyst...
  • #795,128
  • Dec 5, 2023 7:36am Dec 5, 2023 7:36am
maybe 2556 low today..or 2700 today high
  • #795,129
  • Dec 5, 2023 7:45am Dec 5, 2023 7:45am
Quoting nubcake
{quote} Tell me you don't have epilepsy without telling me you don't have epilepsy. I'm going to agree with navk... price will either go up, or it will go down.
Yes, 100% agree with your Analysis.
I hack your Chart with your entry's.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.jpg Size: 63 KB
Intraday Trading is an Art _ hoda
  • #795,130
  • Edited 8:07am Dec 5, 2023 7:49am | Edited 8:07am
Quoting Headland
{quote} Lol, yeh. They say economic forecasting was invented to make astronomers look respectable! Re trading, I think there are some traders that don't understand that you don't need to know what will happen next to make money from the activity, and (and they may be one and the same in some cases) some (like most humans) don't like/can't cope with uncertainty. The result is - they 'predict' to calm their minds of this uncertainty. They then get married to the prediction and some even publish it here, and it ends up in ego disputes like the ongoing...
3 crows is the highest probability there is, but the location is important, which I did also reflect on, the location was low relative to PA.It still took 5 weeks to reverse that pattern,
I don't think it's an ego argument at all mate, that's how you see it, you're wrong
3 crows did not exist when Zebby went long, only the first bearish candle, so you're whole post is incorrect reasoning,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #795,131
  • Dec 5, 2023 7:49am Dec 5, 2023 7:49am
Quoting hoda
{quote} Yes, 100% agree with your Analysis. I hack your Chart with your entry's. {image}
How did you know about the hairy scrote pattern!?
Congratulations ScalaFX for coming out of the closet!
  • #795,132
  • Dec 5, 2023 7:52am Dec 5, 2023 7:52am
I think Zebby is a scammer and hugely negative on almost every person in this thread it's as simple as that.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #795,133
  • Dec 5, 2023 7:53am Dec 5, 2023 7:53am
either use news will push price up then fall or drops prematurely, leaning more towards the prematurely


photo attached is my prediction
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-12-05 at 13.56.56.png Size: 73 KB
  • #795,134
  • Dec 5, 2023 7:53am Dec 5, 2023 7:53am
Quoting nubcake
{quote} How did you know about the hairy scrote pattern!?
Forex is Easy, when you know the secrets....
Intraday Trading is an Art _ hoda
  • #795,135
  • Dec 5, 2023 8:01am Dec 5, 2023 8:01am
Quoting hoda
{quote} Yes, 100% agree with your Analysis. I hack your Chart with your entry's. {image}
Looks like your having a good time with cupcake, Mr Hoda


...discussing Trade analysis.
More time in the market, does not mean you trade better!
  • #795,136
  • Dec 5, 2023 8:07am Dec 5, 2023 8:07am
Quoting BeeTogether
Hi all, 126 is a big barrier to break however as we all are thinking if it breaks it will be a massive drop. Problem is with a lot of data this week and next we could see a total reversal and an attempt for 130 too. On 4H and 15M it looks bearish but just one bit of data can flip it
yes i agree. it can also follow a stop hunt below 1.2600 and then we fly.
trading is like dancing, don't think and just listen to the music!
  • #795,137
  • Dec 5, 2023 8:07am Dec 5, 2023 8:07am
Quoting fxmasterdxb
{quote}once the door of 1.26 is open then this will drop massive, i expect one more leg up before the drop {image}
my target is 1.2530 then im done for the year
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0074.png Size: 51 KB
  • #795,138
  • Dec 5, 2023 8:08am Dec 5, 2023 8:08am
The drop is coming
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-12-05-16-07-14-715_net.metaquotes.metatrader4.jpg Size: 766 KB
yes yes yes
  • #795,139
  • Dec 5, 2023 8:08am Dec 5, 2023 8:08am
Quoting danny576
either use news will push price up then fall or drops prematurely, leaning more towards the prematurely photo attached is my prediction {image}
Had the same bias, but 4hr candle starting to point GU and dollar to fall on news.

Trying to hedge against the dollar, had some GU shorts and buying AU.

Lot of manipulation in GU lately, may be MMs are re-adjusting their position for Next year trend.
More time in the market, does not mean you trade better!
  • #795,140
  • Dec 5, 2023 8:12am Dec 5, 2023 8:12am
Quoting fxmasterdxb
{quote} my target is 1.2530 then im done for the year {image}

the magnet!!
Insane in the Brain..
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