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cable short for gbpusd? 10 replies

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Cable Update (GBPUSD)

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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Usdjpy
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Master your mind. Master Trading.
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!
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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Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting genadi
Sell GU here at 1.2695 (small position)
Close at 1.2705

10 pips loss
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
?!? Profit This Year: €136
...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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Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Pat Chiko
{quote} NASDAQ *BREAKING: THE NASDAQ 100 JUST WENT SUPERNOVA! Soar through the clouds! The Nasdaq 100 just shattered its record high, closing at its peak for the first time since November 2021. But hold your champagne for a moment. Optimism is soaring, with investors betting heavily on the Nasdaq's continued ascent. This "long" trade has reached record levels, prompting the question: can the good times keep rolling, or is a reversal just around the corner? With 35+ days of relentless bullishness, it's certainly an exciting time for index traders....
Bro whats your plan to drive into the unknown?
EVEN at ATH, PA still Bullish
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SHort setup might be on the table, however looks like we will be trying to catch the top

Long setup can be BO/RT of ATH, but is very risky, we can easily get caught in correction
Riskin' ticks for points!
i think it can do a final leg up from here to 1.2730-40

after that if its NY time i want to sell

nice excess wick though but, not convinced yet
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scalp 2708 short
Quoting voeltoez
scalp 2708 short
2708 I will sl from buy … got out in the meantime
?!? Profit This Year: €136
Sold 1.2709 SL 1.2730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting aa4fx
{quote} 2708 I will sl from buy … got out in the meantime
just for luck, short target 2670
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...price between a prev minor 1hr sw hi zone = prev res = pot res / 2 x 50% fibs -and- a prev 1hr/ 4hr sw hi zone = prev res = pot rbs. Which will give first? 87% 30day adr traveled so far today lo-hi.

1hr below
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Intraday trader 30min+ supp/res/sbr/rbs, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting voeltoez
{quote} just for luck, short target 2670 {image}
took the speedboat from 2702, to 2725 at least or if I miss again direction 2690 is my stop
?!? Profit This Year: €136
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Quoting footprint
{quote} 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.

Hi Footprint,

Price Balancing looks like a lot of Orders being Exchanged around the 1.27000 Big Round Number

Which Side has the most AMMO??
Quoting aa4fx
{quote} took the speedboat from 2702, to 2725 at least or if I miss again direction 2690 is my stop
too noisy, too slow, out of it…
?!? Profit This Year: €136
Quoting nubcake
{quote} There are a lot of dumb assholes here who haven't done their due diligence and haven't put the work in. At the end of the day their analysis is detrimental at best. They live in this thread and haven't even begun to go do any reading and study and experiments of their own. They just come here and make noise all day every day and hope to be spoon fed. I've done my homework, and continue to do so. There are plenty of clowns with no edge who think they have an edge. There are others who've never heard of the term. And others who have an edge...
Bro, I don't wanna hate, I truly don't. However, there are plenty here providing charts and their own analysis with general entry and exit points. It is nice to see from other people's eyes.

But I don't understand why you come in with walls of texts trying to fight people here who mean absolutely nothing to you? If you can provide more trading insight rather than pick on people here, I think you will have few points of lower BP too =)

I am also curious since you have been a member here for so long. Are you trading a funded account? Own account? What's the size? How many years profitable? Of course you don't need to bother but it gives you some credibilty when you are on a row giving life and trading lessons day in day out...
Quoting aa4fx
{quote} too noisy, too slow, out of it…
it is very noisy not enough price action right now. Some data later might be useful to give a daily trend a push be it up or down. We may have seen the days high already hard to tell with especially as it’s last week before a holiday
Insane in the Brain..
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