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Cable Update (GBPUSD)

  • #795,201
  • Dec 5, 2023 10:38am Dec 5, 2023 10:38am
Quoting MarcoJnr
So close needed to give me a tiny bit more to pass my funded account lol , 200 dollars in it 1.2585 would have done it Still trying for the last 200 now
same morning pa . watching for 2570 limit test , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #795,202
  • Dec 5, 2023 10:42am Dec 5, 2023 10:42am
Maybe another level 1.256 or 1.252. Just opinion.
Look right, we'll see the signs
  • #795,203
  • Dec 5, 2023 10:43am Dec 5, 2023 10:43am
Quoting fxmasterdxb
{quote} 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
i read somewhere today that traders should not try to predict the market, rather follow the trend.

I say, prediction is part of forex and we have to trade based on high probabilities, in my previous past analysis i shared two possible scenarios using my analysis and i took a short accordingly prior to the news, while this style might not like many traders here, I for one like to be ahead of the market and predict the next move in order to maximise profits and for the ease of minds rather than trying to analyse the pa movement after the news which usually are chaotic
  • #795,204
  • Dec 5, 2023 10:44am Dec 5, 2023 10:44am
Strategery from Babypips...If WL @1.2591 breaks, the first target @1.2552
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #795,205
  • Dec 5, 2023 10:45am Dec 5, 2023 10:45am
Quoting Georginson
Average first 3 days of the month range is 150 pips, so far it has done 120 pips, this means additional 30 pips to break either 1.2724 or 1.2603... This means we may see 1.2750 or 1.2570 today... Slightly bearish biased to 1.2570.
Bought GU at 1.2590, target 1.2800... swing... Stop at 1.2530.
Data + Stat + Risk/Emotions Management
  • #795,206
  • Dec 5, 2023 10:45am Dec 5, 2023 10:45am
closed all... switch to long scalp
  • #795,207
  • Dec 5, 2023 10:50am Dec 5, 2023 10:50am
i know every trader has their own reasons to go long, but why would you go long when pa just broke a very very significant support? I mean i understand if traders try to buy around 1.2560, but at current level?
  • #795,208
  • Dec 5, 2023 10:52am Dec 5, 2023 10:52am
adding some small longs.

The price must test s1..2584/80.
Intraday only.
  • #795,209
  • Dec 5, 2023 10:53am Dec 5, 2023 10:53am
lovely price action...i wonder who in the room predicted it
short trump and go long the deepstate
  • #795,210
  • Dec 5, 2023 10:53am Dec 5, 2023 10:53am
Quoting fxmasterdxb
i know every trader has their own reasons to go long, but why would you go long when pa just broke a very very significant support? I mean i understand if traders try to buy around 1.2560, but at current level?
Agreed. H1 still pending. 10 minutes in progress. Prices below Sell Side Liquidity. Maybe next target 1.256 or maybe 1.252. Just opinion.
Look right, we'll see the signs
  • #795,211
  • Dec 5, 2023 10:53am Dec 5, 2023 10:53am
Quoting fxmasterdxb
i know every trader has their own reasons to go long, but why would you go long when pa just broke a very very significant support? I mean i understand if traders try to buy around 1.2560, but at current level?
On a daily perspective, gu still long.

On hourly, the price at bottom of BB.

This is for me.
Intraday only.
  • #795,212
  • Dec 5, 2023 10:54am Dec 5, 2023 10:54am
And that's a rap. Would have been a lovely day if it was already funded but it's an early Christmas present for me and now to reap the rewards into the new year
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  • #795,213
  • Dec 5, 2023 10:56am Dec 5, 2023 10:56am
Quoting Coreg2004
Strategery from Babypips...If WL @1.2591 breaks, the first target @1.2552 {image}

I fully believe this is babypips training in action. Well, done... you played yourself
Congratulations ScalaFX for coming out of the closet!
  • #795,214
  • Dec 5, 2023 10:59am Dec 5, 2023 10:59am
Quoting navk
{quote} yes, 2580 is s1. Yesterday bearish close, in line with rules, s1 is target , this happens most of days.
it is done
Intraday only.
  • #795,215
  • Dec 5, 2023 10:59am Dec 5, 2023 10:59am
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yes yes yes
  • #795,216
  • Dec 5, 2023 11:03am Dec 5, 2023 11:03am
Quoting navk
{quote} On a daily perspective, gu still long. On hourly, the price at bottom of BB. This is for me.
I think, D1 right now under reversal/retrace to next chapter of liquidity. Buying at the bottom.
Look right, we'll see the signs
  • #795,217
  • Dec 5, 2023 11:04am Dec 5, 2023 11:04am
Quoting azhantahir
{quote} Agreed. H1 still pending. 10 minutes in progress. Prices below Sell Side Liquidity. Maybe next target 1.256 or maybe 1.252. Just opinion.
i agree with you, your levels are very similar to mine
  • #795,218
  • Dec 5, 2023 11:05am Dec 5, 2023 11:05am
Quoting navk
{quote} On a daily perspective, gu still long. On hourly, the price at bottom of BB. This is for me.
well if you’ll take the long based on daily TF then it makes sense as you stop loss wont be 30/40 pips.

For me, im ending the year with hopefully pa touching my target, dont really care what happens after that
  • #795,219
  • Dec 5, 2023 11:06am Dec 5, 2023 11:06am
I amboshed this mf
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yes yes yes
  • #795,220
  • Dec 5, 2023 11:06am Dec 5, 2023 11:06am
Quoting navk
adding some small longs. The price must test s1..2584/80.
Closed my longs.

Still some down possible as ADR ( ) is not yet done.

Will buy at lows
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Intraday only.
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