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Cable Update (GBPUSD)

  • #798,461
  • Dec 21, 2023 7:53am Dec 21, 2023 7:53am
Quoting firsttimer
{quote} haha all trades comes with risk. there are no trades without risk!
exactly, point is good MM
People don't plan to lose. They lose because they don't plan.
  • #798,462
  • Dec 21, 2023 7:53am Dec 21, 2023 7:53am
Quoting nAVIN2007
{quote} are u long or short?
I think George is long
Insane in the Brain..
  • #798,463
  • Dec 21, 2023 8:01am Dec 21, 2023 8:01am
...gmt+2 price feed 4hr just closed. 85% 30day adr traveled so far today, lo-hi.

4hr below
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Trader with an Edge.
  • #798,464
  • Dec 21, 2023 8:02am Dec 21, 2023 8:02am
Quoting firsttimer
{quote} haha all trades comes with risk. there are no trades without risk!
probably without risk is with TF m1 to h4 and 6 min trend, as 12.50 and 15.38
  • #798,465
  • Dec 21, 2023 8:05am Dec 21, 2023 8:05am
Quoting BeeTogether
{quote} I think George is long
Good stuff, so long as price stay above monthly open all is good, it will take time but up i feel is the way
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  • #798,466
  • Dec 21, 2023 8:10am Dec 21, 2023 8:10am
Quoting Eren10
Let’s see how far it goes. Long looks better to me.
out of long, 1.2690~ clearly resisting.
  • #798,467
  • Dec 21, 2023 8:10am Dec 21, 2023 8:10am
Quoting nAVIN2007
{quote} are u long or short?
I was long mate but I chickened out at 1.2630... my bad. It was very obvious buy but I wasn't willing to lose any pip.

The target is 1.29 - 1.30 for bulls...

I will buy once there is meaningful pull back.
Data + Stat + Risk/Emotions Management
  • #798,468
  • Dec 21, 2023 8:13am Dec 21, 2023 8:13am
Quoting Georginson
{quote} I was long mate but I chickened out at 1.2630... my bad. It was very obvious buy but I wasn't willing to lose any pip. The target is 1.29 - 1.30 for bulls...
dont second guess yourself, USD is up against it
fear or flight? USD is doing ok, hence getting weak

bloody weird how this work and still not sure how it works, but chart says down but it at support so understandable to be concerned about bounce

The monthly open on cable is key
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  • #798,469
  • Dec 21, 2023 8:21am Dec 21, 2023 8:21am
https://www.forexfactory.com/thread/...2#post14696912

=
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-
  • #798,470
  • Dec 21, 2023 8:25am Dec 21, 2023 8:25am
4H
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!! Radha Radha !!
  • #798,471
  • Dec 21, 2023 8:27am Dec 21, 2023 8:27am
...the prev 1hr/4hr sw hi zone (hollow) that extends up to 2704 that was x 1 disrespected as pot rbs, is where the current dly hi is. Any further upside will see price encounter some upside fib clusters, (2701-05 a 3 fib cluster with Dly R1 in there too, for eg,) amongst other pot res/sbr factors - as is always the case. (Red zones are prev 15min sw hi's or lo's.)

1hr below
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Trader with an Edge.
  • #798,472
  • Dec 21, 2023 8:35am Dec 21, 2023 8:35am
Quoting suhas316
4H {image}
Or a break of the bullish flag and continue up...
  • #798,473
  • Dec 21, 2023 8:41am Dec 21, 2023 8:41am
Quoting kelvinftg
{quote} Or a break of the bullish flag and continue up...
It can happen but I think it will go down because it's making HL . Let's see..
!! Radha Radha !!
  • #798,474
  • Dec 21, 2023 8:43am Dec 21, 2023 8:43am
Quoting nAVIN2007
{quote} Good stuff, so long as price stay above monthly open all is good, it will take time but up i feel is the way {image} {image} {image}
exactly! I think we need a close this week above 127 potentially gives GU a springboard to 130 in the new year. I’d be happy to let it tank after 130 let’s see if it works out. But initial target is 128 before year end (tomorrow as next week should be very quiet)
Insane in the Brain..
  • #798,475
  • Dec 21, 2023 8:53am Dec 21, 2023 8:53am
...3 further attempts on the 5min and below - to get north of current dly hi after the initial drop from it, price challenging a prev 1hr minor sw lo zone = prev res = pot rbs, (again, - 3rd test as pot rbs on lower t/f's.)

1hr below
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Trader with an Edge.
  • #798,476
  • Dec 21, 2023 8:54am Dec 21, 2023 8:54am
fasten seatbelts
People don't plan to lose. They lose because they don't plan.
  • #798,477
  • Dec 21, 2023 9:01am Dec 21, 2023 9:01am
If i wasn't stubborn and took long if price is above the band i was profitable as hell
Buy even with trades against the trend, i am in good shape
Loss 6 pips
Loss 12 pips
Won 15 pips
Last trade is running
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yes yes yes
  • #798,478
  • Dec 21, 2023 9:05am Dec 21, 2023 9:05am
Quoting ScalaFX
fasten seatbelts
People don't plan to lose. They lose because they don't plan.
  • #798,479
  • Dec 21, 2023 9:07am Dec 21, 2023 9:07am
Possible wave (b) in making..
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Always trade your own plan...I don't provide trading signals.
  • #798,480
  • Dec 21, 2023 9:08am Dec 21, 2023 9:08am
Quoting MwlRCT
https://www.forexfactory.com/thread/...2#post14696912 = {image} -
Nice Move | GBPUSD M30
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