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Cable Update (GBPUSD)

  • #797,621
  • Dec 17, 2023 10:40pm Dec 17, 2023 10:40pm
little different than eu apparently . anyway a bottoming to bear more possible in gu near term . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #797,622
  • Dec 17, 2023 10:46pm Dec 17, 2023 10:46pm
we go again Bull Squad buy @ 1.26900 sl 1.25600 tp 1.27500
Keep the Lights on then you can catch the rise from the dark.
  • #797,623
  • Edited 11:06pm Dec 17, 2023 10:55pm | Edited 11:06pm
my long and short zones today, easy again;-)
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trading is like dancing, don't think and just listen to the music!
  • #797,624
  • Dec 17, 2023 10:56pm Dec 17, 2023 10:56pm
Quoting fontu
little different than eu apparently . anyway a bottoming to bear more possible in gu near term . take care {image}
Maybe a tap on Daily Pivot or 2720 area before coming down again to resume retracement?
  • #797,625
  • Edited 11:36pm Dec 17, 2023 11:19pm | Edited 11:36pm
Quoting kelvinftg
{quote} Maybe a tap on Daily Pivot or 2720 area before coming down again to resume retracement?
if do bounce for 2720 , then should do now without correction down 2673 before the same . if late then 2710 will be tough break before testing lower support levels . still 2656 low hold then it should correct up before further low , again if minimum correction 2730 done also 2738 limit exist , so in so narrow range may to decide bull or bears life . so correct when ready for , breaks limit up of 2738 , means a full leg up before very good bear leg next possible below 2652 to 2611 even ! so possible range 2738+ , say 48 =58 pips to 2611 =79 , more bearside !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #797,626
  • Dec 17, 2023 11:19pm Dec 17, 2023 11:19pm
G/M, quite a large range Asian session just ended as early London forex desks take over, (44pips.) A small dip down below Fri's lo to the new Wkly Pivot then a bounce up to the Asian hi where a small sell-off has taken place off that hi. Asian hi and lo are presently the current dly hi and lo.

1hr below
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Trader with an Edge.
  • #797,627
  • Dec 17, 2023 11:26pm Dec 17, 2023 11:26pm
Quoting Pat Chiko
GU Technical Outlook on Price Action {image}.
GU

Update on scalping position

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,628
  • Dec 17, 2023 11:27pm Dec 17, 2023 11:27pm
Quoting Pat Chiko
{quote} GOLD Following the set up Gold doing its ABC correction{image}
GOLD

Update on scalping position

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,629
  • Dec 17, 2023 11:29pm Dec 17, 2023 11:29pm
Quoting Pat Chiko
{quote} UJ Agrre on your view. Still have sizeable room to go down further. Have to wait for FVG get filled with ABC retracement may occur first {image} {image}
UJ

Update scalping position
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #797,630
  • Dec 17, 2023 11:30pm Dec 17, 2023 11:30pm
Quoting Headland
....There is currently a repeating pattern of 1hr bullish hidden div - valid so long as price stays above 2612. It comes @ a sub-optimal place on 1hr (in a downtrend) and indeed on next higher t/f in this t/f where the uptrend first exists, ie 4hr is showing weakness and has printed a 2nd LL. It could be said to be there too on 2hr (next higher t/f is 8hr which is in a general uptrend) and this would come @ again a sub-optimal 1st LL on that t/f, and could be measured from same place as 1hr - is good whilst above 2612 or even may be valid whilst...
The bullish hidden div on 1hr and 2hr I spoke of @ the w/e is still there @ Asian/current dly lo (see quote and qualifying explanation above.) Price currently challenging bottom of a prev 1hr minor sw hi zone to Asian/current dly hi again, after a lower t/f 1st rejection of it.
Trader with an Edge.
  • #797,631
  • Dec 17, 2023 11:36pm Dec 17, 2023 11:36pm
Quoting Pat Chiko
{quote} UJ Update scalping position{image}
scalping position
People don't plan to lose. They lose because they don't plan.
  • #797,632
  • Dec 17, 2023 11:43pm Dec 17, 2023 11:43pm
...not a lot of change so far today to the 4hr chart I posted @ the w/e. A new asc t/line joins the L (after HL then LH) on this t/f. It is still in a general uptrend.
Graphic in top left of chart shows the current 10/20/40 ema crosses.

There will be some tight retail stops above the Asian hi - some may just be triggered now? Other short stops are probably above last week's 2794 uptrends hi ?

4hr below
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Trader with an Edge.
  • #797,633
  • Dec 18, 2023 12:00am Dec 18, 2023 12:00am
This has been incredibly confusing

Looks like today is the day I pay my membership fee
  • #797,634
  • Dec 18, 2023 12:11am Dec 18, 2023 12:11am
...a fractal fake-out of the Asian hi to 15min so far, up to a new current dly hi where supply kicked in doubtless triggering a few retail stops in the process as they were sold. Challenging a prev 30min minor sw lo zone right now

1hr below
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Trader with an Edge.
  • #797,635
  • Dec 18, 2023 12:14am Dec 18, 2023 12:14am
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yes yes yes
  • #797,636
  • Dec 18, 2023 12:25am Dec 18, 2023 12:25am
Swept the Asian high, and now the low. Reverse higher or continue down?
  • #797,637
  • Dec 18, 2023 12:29am Dec 18, 2023 12:29am
Long 1.2686 SL 1.2656

Just let it be. risk 30 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,638
  • Dec 18, 2023 12:29am Dec 18, 2023 12:29am
A Monday? I'm not interested in a fake, it can only be good for a central bank, like now. I'm interested in all TFs, but that's not enough either, more is needed, from the indicators. The same about a future position.
  • #797,639
  • Dec 18, 2023 12:36am Dec 18, 2023 12:36am
Am not Anti-Regulation.
Regulation is good to put things in place like right now any PropFirm should have
a minimum of 20 millions dollars or more with the regulators and everything about any prop should be as transparent as crystal. etc
Am seeing a lot of people who can't trade or make money trading owning a prop firm because they know is an easy way to make money,
they know a lot of traders will buy the package and blow the account so they capitalize on that.
If with everything they do, they still payout and not send any good trader out the window then i won't have problems.
Imagine winning too much and they send you packing. Lols
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #797,640
  • Dec 18, 2023 12:38am Dec 18, 2023 12:38am
...1hr/2hr bulllish hidden div @ the current dly lo/Asian lo and 1hr bearish hidden div @ the current dly hi which could develop further and may stay valid on any further upmove but whilst below 2792, but no 4hr downtrend to enter after a p/back....Take your pick (or not) again!

1hr below
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