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Cable Update (GBPUSD)

  • #797,821
  • Dec 19, 2023 5:02am Dec 19, 2023 5:02am
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
More time in the market, does not mean you trade better!
  • #797,822
  • Dec 19, 2023 5:09am Dec 19, 2023 5:09am
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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  • #797,823
  • Dec 19, 2023 5:12am Dec 19, 2023 5:12am
scalp 2708 short
  • #797,824
  • Dec 19, 2023 5:14am Dec 19, 2023 5:14am
Quoting voeltoez
scalp 2708 short
2708 I will sl from buy … got out in the meantime
  • #797,825
  • Dec 19, 2023 5:18am Dec 19, 2023 5:18am
Sold 1.2709 SL 1.2730
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #797,826
  • Dec 19, 2023 5:21am Dec 19, 2023 5:21am
Quoting aa4fx
{quote} 2708 I will sl from buy … got out in the meantime
just for luck, short target 2670
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  • #797,827
  • Dec 19, 2023 5:23am Dec 19, 2023 5:23am
...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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Trader with an Edge.
  • #797,828
  • Dec 19, 2023 5:24am Dec 19, 2023 5:24am
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
  • #797,829
  • Dec 19, 2023 5:28am Dec 19, 2023 5:28am
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yes yes yes
  • #797,830
  • Dec 19, 2023 5:49am Dec 19, 2023 5:49am
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??
  • #797,831
  • Dec 19, 2023 5:51am Dec 19, 2023 5:51am
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…
  • #797,832
  • Dec 19, 2023 5:52am Dec 19, 2023 5:52am
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...
  • #797,833
  • Dec 19, 2023 5:56am Dec 19, 2023 5:56am
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..
  • #797,834
  • Dec 19, 2023 6:05am Dec 19, 2023 6:05am
Quoting kelvinftg
{quote} 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?...
Walls of text? I replied to Pat.

As for my personal life, i.e. finances... not for you to know.

I come here on the very odd chance someone says something interesting, or more likely mentions an upcoming event that I didn't notice or know about. I don't come here for the brilliant analysis of the experts as it's worth exactly nothing. It's a circus, and I come for the show.

I don't come here for the nose-honking of the stupidest clown as they try to pretend to be a trader.

Again, if you are getting something from all the "analysis" then fuck sake I'd be extremely concerned if I was you. That you think there is anything to learn from this thread, from anyone here, is really amazing.

Just consider me a newbie who knows nothing at all. You'll sleep better at night that way. Enjoy the circus.
Congratulations ScalaFX for coming out of the closet!
  • #797,835
  • Dec 19, 2023 6:08am Dec 19, 2023 6:08am
Navigating the forex tightrope – the GBPUSD's uncertain dance between 1.8834/36 and 1.8965/67 has traders on the edge. With stochastic signals hinting at a potential rally, the bulls eye 1.90, while cautious bears observe the 1.8967 resistance, keeping everyone guessing until a decisive break occurs.
In the realm of financial predictions, the GBPUSD sits on a precipice between bullish hopes and bearish cautions. As the battle unfolds within the narrow range, traders await a clear winner, with the 1.8967 resistance as the key battleground. Until then, the sidelines seem the safest place to observe the market's next move.
  • #797,836
  • Dec 19, 2023 6:12am Dec 19, 2023 6:12am
Quoting BeeTogether
{quote} 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
right, holidays are almost here … we might be going agains big boys robots right now as they left already for the party ..
I could not let it go, jump in 2709 with safe restaurant stop at least 2715
  • #797,837
  • Dec 19, 2023 6:15am Dec 19, 2023 6:15am
If you wanna be rich just do the opposite of what everyone here says
  • #797,838
  • Edited 7:03am Dec 19, 2023 6:16am | Edited 7:03am
Why to sell? Simply keeps 2674, after a good pound report, a PA down failed, exactly at 14.00 the fight for 1.27 is clear, bye $
  • #797,839
  • Dec 19, 2023 6:16am Dec 19, 2023 6:16am
Adding last 2719 and EU 0946 2nd hold till tommarow
People don't plan to lose. They lose because they don't plan.
  • #797,840
  • Dec 19, 2023 6:17am Dec 19, 2023 6:17am
Quoting footprint
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 {image}
time to think about sells. in the next 30-45 mins i'd guess.
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