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Cable Update (GBPUSD)

  • #797,661
  • Dec 18, 2023 3:40am Dec 18, 2023 3:40am
Quoting Moty
{image} {image}
Good call, were you in the market?
  • #797,662
  • Dec 18, 2023 3:40am Dec 18, 2023 3:40am
Quoting Yngwie
Long 1.2686 SL 1.2656 Just let it be. risk 30 pips
closed -5
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,663
  • Dec 18, 2023 3:42am Dec 18, 2023 3:42am
just for 10pips...monday trap day
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  • #797,664
  • Edited 5:47am Dec 18, 2023 3:50am | Edited 5:47am
Long 1.2671 SL 1.2640 (revised)
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,665
  • Dec 18, 2023 3:50am Dec 18, 2023 3:50am
Last proper trading week of the year gonna be a slow one today I guess. 127 the area to crack for bulls. So far a decent rejections. Not sure if there is any data today but this could be a ranging day with the odd spike here and there. Close above 127 today will be useful for a year end finish towards 130. Below 126 then the door to 124 is ready too. Not traded properly over Xmas period for a few years so will bank profits on spikes here and there
Insane in the Brain..
  • #797,666
  • Dec 18, 2023 3:50am Dec 18, 2023 3:50am
...market testing top of prev 1hr/minor 4hr sw lo zone = prev supp = pot supp, that extends down to current dly lo/Asian now. 50% of 30day adr traveled by prioce so far today.

1hr below
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Trader with an Edge.
  • #797,667
  • Dec 18, 2023 3:54am Dec 18, 2023 3:54am
Nobody is perfect, me too. When a chart is not perfect, I blame a central bank
  • #797,668
  • Dec 18, 2023 3:55am Dec 18, 2023 3:55am
im done with cable..still stuck with eu and gold..
  • #797,669
  • Dec 18, 2023 3:58am Dec 18, 2023 3:58am
yall selling then?
  • #797,670
  • Edited 4:11am Dec 18, 2023 3:59am | Edited 4:11am
...looking at the zones circled if reached.

EDIT: gmt+2 4hr feed candle just closed as a bearish engulf (of prev 2 x bodies on that t/f) thrusty type candle right in this prev sw lo zone

4hr below
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Trader with an Edge.
  • #797,671
  • Dec 18, 2023 4:01am Dec 18, 2023 4:01am
Quoting Headland
...looking at the zones circled if reached. EDIT: gmt+2 4hr feed candle just closed as a bearish engulf thrusty type candle right in this prev sw lo zone 4hr below {image}
those circled areas for a TP level or areas to reject?
Insane in the Brain..
  • #797,672
  • Dec 18, 2023 4:02am Dec 18, 2023 4:02am
Quoting BeeTogether
{quote} those circled areas for a TP level or areas to reject?
Hi. Areas to reject potentially - might know more per my edge if/when/how price reaches them, on my t/f's of interest.
Trader with an Edge.
  • #797,673
  • Dec 18, 2023 4:03am Dec 18, 2023 4:03am
I think I will go and buy a PowerBall ticket today, probably a higher probability of winning at that then beating the market in GU today!
  • #797,674
  • Dec 18, 2023 4:12am Dec 18, 2023 4:12am
Quoting dantpm
I think I will go and buy a PowerBall ticket today, probably a higher probability of winning at that then beating the market in GU today!
Hi. Yeh it's been slow but on the t/f's I operate on there have still been 3 x decent set-ups for me per my edge, so have been productive.
Trader with an Edge.
  • #797,675
  • Dec 18, 2023 4:14am Dec 18, 2023 4:14am
Attached Image (click to enlarge)
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On the hourly chart, I am seeing some amount of support. In the chart, you can see that the price is bouncing a bit every time it hits the 100-hour moving average.

So, if the 1.2660 region doesn't break, GBP/USD might reach the 1.28 level again. However, I am not buying or selling at the moment, will wait for price action to show me the direction.
Small lot sizes, big wins
  • #797,676
  • Dec 18, 2023 4:17am Dec 18, 2023 4:17am
Still short for now, but sl at break even
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  • #797,677
  • Dec 18, 2023 4:18am Dec 18, 2023 4:18am
...challenging 1st real upside potential obstacle after the small bounce - a prev minor 30min sw lo zone = prev supp = pot sbr

1hr below
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Trader with an Edge.
  • #797,678
  • Dec 18, 2023 4:19am Dec 18, 2023 4:19am
test short for longterm
tp 2600 sl 2700
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  • #797,679
  • Dec 18, 2023 4:21am Dec 18, 2023 4:21am
Quoting voeltoez
test short for longterm tp 2600 sl 2700 {image}
need to get your phone on charge !
  • #797,680
  • Dec 18, 2023 4:26am Dec 18, 2023 4:26am
Quoting MarcoJnr
{quote} need to get your phone on charge !
...im on mining site now..took 2hrs to back at office and 30 mnt to car parking
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