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Cable Update (GBPUSD)

  • #797,281
  • Dec 15, 2023 3:32am Dec 15, 2023 3:32am
Mixed data where do we go now
  • #797,282
  • Dec 15, 2023 3:33am Dec 15, 2023 3:33am
Quoting azhantahir
{quote} That is why, as I mentioned, 1.274 is a critical point. Is there a willingness to break or not? Hopefully not break away from 1.274. Another reason, H1 still respects that old lows.
GBP PMI
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Look right, we'll see the signs
  • #797,283
  • Dec 15, 2023 3:36am Dec 15, 2023 3:36am
Gold
all i wait for is for 1h LL to look for mega short to 1926
  • #797,284
  • Dec 15, 2023 3:37am Dec 15, 2023 3:37am
Quoting MarcoJnr
Mixed data where do we go now
need h1 and h4 to decide it. 30 minutes waiting for the next candle
Look right, we'll see the signs
  • #797,285
  • Dec 15, 2023 3:37am Dec 15, 2023 3:37am
Interesting mixed data I suppose the trend goes where it wants to today. It’s Friday both sells and buys get a share. We’ve had a monster week so far in that nearly 300 pips range and we are still at the higher end. Maybe another bite at 128 before the correction? As Pat mentioned before there is that thinking for both bull and bears when it is over bought or sold that there needs to be a correction, it’s not always the case and we’ve seen Fridays where only one side gets the honey.

so far nothing to suggest the bears are awake yet
Insane in the Brain..
  • #797,286
  • Dec 15, 2023 3:43am Dec 15, 2023 3:43am
Quoting BeeTogether
Interesting mixed data I suppose the trend goes where it wants to today. It’s Friday both sells and buys get a share. We’ve had a monster week so far in that nearly 300 pips range and we are still at the higher end. Maybe another bite at 128 before the correction? As Pat mentioned before there is that thinking for both bull and bears when it is over bought or sold that there needs to be a correction, it’s not always the case and we’ve seen Fridays where only one side gets the honey. so far nothing to suggest the bears are awake yet
1.28 maybe. Maybe another Godzilla or maybe Ultraman will come and fly away. Just a personal opinion
Look right, we'll see the signs
  • #797,287
  • Dec 15, 2023 3:44am Dec 15, 2023 3:44am
Done for the year. Time for an extended holiday! Trade safe everyone and happy holiday
Emotional Control. Process, not outcome.
  • #797,288
  • Edited 4:06am Dec 15, 2023 3:49am | Edited 4:06am
Applying the Fibonacci and Wave count correctly
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Will also come and close FVG partially

EDIT: Going long now gives no good RR. As PA already at resistance zone
Wait for short setup to confirm resistance level.
More time in the market, does not mean you trade better!
  • #797,289
  • Dec 15, 2023 3:49am Dec 15, 2023 3:49am
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  • #797,290
  • Dec 15, 2023 3:53am Dec 15, 2023 3:53am
Quoting Konichiwhaat
Done for the year. Time for an extended holiday! Trade safe everyone and happy holiday
When will you resume for next year?
  • #797,291
  • Dec 15, 2023 3:59am Dec 15, 2023 3:59am
unbelievable
It's like the Engulfing candle candle was for nothing
yes yes yes
  • #797,292
  • Dec 15, 2023 4:02am Dec 15, 2023 4:02am
Quoting Moty
unbelievable It's like the Engulfing candle candle was for nothing
the trend is very strong with this one young Padawan

NYO might start the correction area
Insane in the Brain..
  • #797,293
  • Dec 15, 2023 4:02am Dec 15, 2023 4:02am
Quoting Jackoboms
{quote} When will you resume for next year?
I do enjoy trading so probably first or second week of January. But not sure yet. I do like long breaks from trading too, just to reset my mind and relax. Trading is a looooooong game. Take care
Emotional Control. Process, not outcome.
  • #797,294
  • Dec 15, 2023 4:03am Dec 15, 2023 4:03am
time to get in
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  • #797,295
  • Dec 15, 2023 4:04am Dec 15, 2023 4:04am
we go again Long 1.27733 sl 20 pips tp 1.28155
Keep the Lights on then you can catch the rise from the dark.
  • #797,296
  • Dec 15, 2023 4:06am Dec 15, 2023 4:06am
Sold here at 1.2780... target 1.2745... stop 1.2808... good decision to close earlier gain.
Data + Stat + Risk/Emotions Management
  • #797,297
  • Dec 15, 2023 4:08am Dec 15, 2023 4:08am
breakout of 1.27833 could hunt all bear sl uptill 1.286ish going by last 2 days adr
Keep the Lights on then you can catch the rise from the dark.
  • #797,298
  • Dec 15, 2023 4:26am Dec 15, 2023 4:26am
Quoting MrFanciful
I don't normally post profit porn but these are my trades for the week. I've actually be concentrating on sitting on my hands and not trading. Reduced my target pips and waiting for a setup rather than always thinking "It has to go up or down so I need to capture it". Each trade is a 2% risk and a mixture of GBPUSD and XAUUSD. I'm hoping this is a corner I've turned. {image} {image}
Great work pal
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Attached Image
  • #797,299
  • Dec 15, 2023 4:27am Dec 15, 2023 4:27am
GU H1
double top pattern
I expect movements between lines cca (1.28-1.2740)
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Trendlines H1,H4, SMC
  • #797,300
  • Dec 15, 2023 4:30am Dec 15, 2023 4:30am
Short to 1.27
Exhausted
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