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Cable Update (GBPUSD)

  • #797,801
  • Dec 19, 2023 4:04am Dec 19, 2023 4:04am
Sell GU here at 1.2695
(small position)
  • #797,802
  • Dec 19, 2023 4:05am Dec 19, 2023 4:05am
Quoting Yngwie
Short 1.2688 SL 1.2708
I am with you
  • #797,803
  • Dec 19, 2023 4:11am Dec 19, 2023 4:11am
Quoting aa4fx
{quote} To me it looks like on Friday there was grandma shark show, but where is mommy shark???
2695
Mommy shark where are you? I am looking to sell but not seeing mommy shark show started, I will refrain from swimming for the moment.
  • #797,804
  • Dec 19, 2023 4:12am Dec 19, 2023 4:12am
Quoting Yngwie
Short 1.2688 SL 1.2708
closed -5
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,805
  • Dec 19, 2023 4:14am Dec 19, 2023 4:14am
we are on H4 midbands... bounce down from here 2700 or spike up to 2750...
take care
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  • #797,806
  • Dec 19, 2023 4:23am Dec 19, 2023 4:23am
Hm, I am checking the water, bought 2703
  • #797,807
  • Dec 19, 2023 4:24am Dec 19, 2023 4:24am
Quoting footprint
i expect we'll break 1.27 this morning in NY , 1.2720 and 1.2740 are candidates for sells 1.2717 PDVAL. 1.2740 area is singleprint a break of monday high is a near certainty trajectory is down and we're v likely to contact 1.26 in early part of week {image}

Hi Footprint,

Good Luck
  • #797,808
  • Dec 19, 2023 4:24am Dec 19, 2023 4:24am
Quoting voeltoez
we are on H4 midbands... bounce down from here 2700 or spike up to 2750... take care {image}
strong move, i think GU can be slapped 2720 or 2730 lets see
People don't plan to lose. They lose because they don't plan.
  • #797,809
  • Dec 19, 2023 4:24am Dec 19, 2023 4:24am
Quoting stevepatt
{quote} Hi Footprint, Good Luck
thanks and you! Whats your view

i think next 2 hours is a waiting game and buyers should think of TP'ing soon (IMHO)

after about 12:30pm will start hunting sell.
  • #797,810
  • Dec 19, 2023 4:31am Dec 19, 2023 4:31am
Quoting ScalaFX
{quote} strong move, i think GU can be slapped 2720 or 2730 lets see
yeah wont add short again..better wait clear move
  • #797,811
  • Dec 19, 2023 4:33am Dec 19, 2023 4:33am
Quoting footprint
{quote} thanks and you! Whats your view i think next 2 hours is a waiting game and buyers should think of TP'ing soon (IMHO) after about 12:30pm will start hunting sell.

Hi Footprint,

Price has just taken out Yesterday's High could be a good place to Start Looking for Shorts
  • #797,812
  • Dec 19, 2023 4:35am Dec 19, 2023 4:35am
I don't see any reason to fight against the trend ..break and retest confirmed ... Lets trend with the market and avoid being on the opposite unless our strategy is properly tested ...
  • #797,813
  • Dec 19, 2023 4:36am Dec 19, 2023 4:36am
Quoting stevepatt
{quote} Hi Footprint, Price has just taken out Yesterday's High could be a good place to Start Looking for Shorts
think its a bit soon unless you have a wide stop

GU this year only wipes daily highs/lows and reverses right after about 15% of the time. Other 85% it will do an extended move up before reversal. Chances are this current move down is a lure. YMMV. thanks for the view i'm on sellers side aswell for NY session.
  • #797,814
  • Dec 19, 2023 4:40am Dec 19, 2023 4:40am
Quoting MrFanciful
Just as an aside, US government debt is set to break $34 trillion this week. It's currently increasing by about $1 trillion a quarter. $7.6 trillion will have to be rolled over to current interest rates next year.
But forex is not an artesian fountain, it is well organized. Yesterday gu was for sale, today it is to buy, until now. Let s see
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  • #797,815
  • Dec 19, 2023 4:47am Dec 19, 2023 4:47am
Usdjpy
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Master your mind. Master Trading.
  • #797,816
  • Dec 19, 2023 4:51am Dec 19, 2023 4:51am
Quoting Kelvin1
I don't see any reason to fight against the trend ..break and retest confirmed ... Lets trend with the market and avoid being on the opposite unless our strategy is properly tested ...
GL.

DXY has a large gap to fill upside. chances are that will be fixed by close tomorrow.

Tuesday typically a liquidity gathering day. solid chance this will dump by NY session or latest Weds. Could be wrong!
  • #797,817
  • Dec 19, 2023 4:51am Dec 19, 2023 4:51am
G/M. The run-up from y/day's lo could see a bullish engulf close on the dly (of y/day's bearish dly candle?) Long way to go yet though, but a strong run up nevertheless so far with a 1st upside break of the Asian hi and the current dly hi testing the bottom of a prev 1hr minor sw hi zone = prev res = pot res. So the 2hr, and indeed 4hr (- didn't see that last night,) bullish hidden div @ y/day's lo kicked in. 4hr came @ a LL after 2 x LH's so sub-optiomal on that t/f too like the very sub-optimal 2hr.

1hr below
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Trader with an Edge.
  • #797,818
  • Dec 19, 2023 4:54am Dec 19, 2023 4:54am
Quoting genadi
Sell GU here at 1.2695 (small position)
Close at 1.2705

10 pips loss
  • #797,819
  • Dec 19, 2023 4:55am Dec 19, 2023 4:55am
Quoting aa4fx
Hm, I am checking the water, bought 2703
2707
there is some land near me at 2704… I’ll stop on it in case of
—
back again 2702, with a stop 2690… will have some scratches at 2690 but can’t live at 2702
  • #797,820
  • Dec 19, 2023 5:01am Dec 19, 2023 5:01am
...tested deeper into the prev minor 1hr sw hi zone (mentioned/shown in my post above) @ a new current dly hi, - 2 x upside fibs in there too.... it extends up to 2715/16.

4hr below with graphic showing 10/20/40 ema crosses
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Trader with an Edge.
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