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Cable Update (GBPUSD)

  • #799,021
  • Dec 26, 2023 9:03am Dec 26, 2023 9:03am
Quoting maxi444
overbought, little performance
the phenomenon exists.
but what time frame are you talking about?
  • #799,022
  • Dec 26, 2023 9:18am Dec 26, 2023 9:18am
Quoting Robinhood1
{quote} Specially having 43300 broken. I do admit not expecting to see price back up where it is. I will record visually this pattern for future
43300?!
price now around 2700-2720….
what price feed u using there?!
90% of traders use TA, indicators and prediction
  • #799,023
  • Dec 26, 2023 9:19am Dec 26, 2023 9:19am
Quoting tiborf71
{quote} the phenomenon exists. but what time frame are you talking about?
all TF are often up, but this is not enough, the stochastik is strong
  • #799,024
  • Dec 26, 2023 9:25am Dec 26, 2023 9:25am
Quoting Waveskierrob
{image}
Watched.

They beat around the bush when the truth was revealed.
  • #799,025
  • Dec 26, 2023 9:25am Dec 26, 2023 9:25am
Quoting _BBKing_
{quote} 43300?! price now around 2700-2720…. what price feed u using there?!
Ah ok.
now I remember!
Still nobody kicked him (or her) away from the forum?
90% of traders use TA, indicators and prediction
  • #799,026
  • Dec 26, 2023 9:28am Dec 26, 2023 9:28am
Quoting Wavegarrick
{quote} Usdx short term target 100.870. The retrace has been an ideal opportunity to load up on long GU trades. Cheers. {image}
Whether you like it or not. The final week of the year can produce nice results. Thin liquidity and so forth. It is up to each individual how they approach it and can be traded successfully.
Usdx 100.870 long term fib retrace at 78.60% looks very realistic in the final days of the year. It bodes well for EU longs and probably also Gu to a lesser extent.
Take care.
Cheers.
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Trade to trade another day
  • #799,027
  • Dec 26, 2023 9:39am Dec 26, 2023 9:39am
This trendline could cause some confusion. Market is not working much in diagonal lately causing so called “false b/o”

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Guess will be better keep eyes on horizontal levels.
Failure near 1.27 could mean to look for demand lower back near 1.26
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90% of traders use TA, indicators and prediction
  • #799,028
  • Dec 26, 2023 9:49am Dec 26, 2023 9:49am
Quoting navk
bearish close on friday. I sold. GU. Poential target s1
Sold GU... atleast three baskets, in line with my post.

Asia once, NY twice.

The PA is slow.

So, this is enough for this day.
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Intraday only.
  • #799,029
  • Dec 26, 2023 9:56am Dec 26, 2023 9:56am
Yummy tasty shorts
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Master your mind. Master Trading.
  • #799,030
  • Dec 26, 2023 10:07am Dec 26, 2023 10:07am
Quoting maxi444
{quote} all TF are often up, but this is not enough, the stochastik is strong
one of the most important things we should always know is which side the market is currently on.
only on this basis can we make an appropriate decision.
this requires a proper strategy..
  • #799,031
  • Dec 26, 2023 10:10am Dec 26, 2023 10:10am
I will short Cable if it comes to test resistance... so my stop loss will be small
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!! Radha Radha !!
  • #799,032
  • Dec 26, 2023 10:40am Dec 26, 2023 10:40am
Quoting navk
{quote} Sold GU... atleast three baskets, in line with my post. Asia once, NY twice. The PA is slow. So, this is enough for this day. {image}
Hi Navk,

Looks like Price might have to Run Higher before it can Break Lower?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 26th Dec 23 M15 Observations GBP_USD Mini_20231226_16.35.png Size: 31 KB
Click to Enlarge Name: 26th Dec 23 M1 Observations GBP_USD_20231226_16.28.png Size: 33 KB
  • #799,033
  • Dec 26, 2023 10:42am Dec 26, 2023 10:42am
Quoting stevepatt
{quote} Hi Navk, Looks like Price might have to Run Higher before it can Break Lower? {image} {image}
being holiday, it is choppy.

Do not look for trending day today
Intraday only.
  • #799,034
  • Dec 26, 2023 11:05am Dec 26, 2023 11:05am
Quoting stevepatt
{quote} Hi Navk, Looks like Price might have to Run Higher before it can Break Lower? {image} {image}

GBP/USD Short @ 1.27081 Stop (-10) Pips Target +20 Pips
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  • #799,035
  • Dec 26, 2023 11:14am Dec 26, 2023 11:14am
Lets see. GBPCAD long at 1.6783. target beyond 1.7300
POSTMASTER
  • #799,036
  • Edited 11:46am Dec 26, 2023 11:25am | Edited 11:46am
Swing. Cable is at an early stage according to my visual strategy. It shows me reversal short beyond 1.3000 down to below 1.2500. i may keep updating this range as we go along as long as it sticks to fractals.
POSTMASTER
  • #799,037
  • Dec 26, 2023 11:28am Dec 26, 2023 11:28am
Quoting Wavegarrick
{quote} Whether you like it or not. The final week of the year can produce nice results. Thin liquidity and so forth. It is up to each individual how they approach it and can be traded successfully. Usdx 100.870 long term fib retrace at 78.60% looks very realistic in the final days of the year. It bodes well for EU longs and probably also Gu to a lesser extent. Take care. Cheers. {image}
Scalper buy trade set up for me from a 15 min perspective. Thanks stevepatt. Always good to compare our trading styles.
Cheers
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Trade to trade another day
  • #799,038
  • Dec 26, 2023 11:43am Dec 26, 2023 11:43am
Quoting stevepatt
{quote} GBP/USD Short @ 1.27081 Stop (-10) Pips Target +20 Pips {image}

I need Price to
Inserted Video
Attached Image (click to enlarge)
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  • #799,039
  • Dec 26, 2023 11:44am Dec 26, 2023 11:44am
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Tibor. Gbpaud not looking bad but still in a pure downtrend. We need to see a higher high before the ritual begins.
POSTMASTER
  • #799,040
  • Dec 26, 2023 12:24pm Dec 26, 2023 12:24pm
Quoting Robinhood1
{image} Tibor. Gbpaud not looking bad but still in a pure downtrend. We need to see a higher high before the ritual begins.
well yes, now I am gbp/cad long, waiting for the correction.
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