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Cable Update (GBPUSD)

  • #799,621
  • Dec 28, 2023 2:26pm Dec 28, 2023 2:26pm
Quoting BeeTogether
{quote} I don’t think 129 is on cards as 128 hasn’t happened today. However it could all go groovy tomorrow. We’ve had a few days of bull so today being dump day for Friday? Let’s see
wall 2726 was broken...and friday nice to see 2650 - 2600 end of year..
  • #799,622
  • Dec 28, 2023 3:09pm Dec 28, 2023 3:09pm
News had not effect today, I was too much concentrated on movement due to news.

100 and 200 MA H1 sits around 1.2710. Probably will be important for tomorrow too.
  • #799,623
  • Dec 28, 2023 3:20pm Dec 28, 2023 3:20pm
76 pips
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yes yes yes
  • #799,624
  • Dec 28, 2023 3:27pm Dec 28, 2023 3:27pm
this is another instance of my feeling foolish pointing something really obvious out to to this room since everybody already knows this

if price cant close over 2733 tmoro GU will fall to my red line next year...bools can chew their cud till kingdom come but wont do any good


i dont use diagonal trendlines but if i did id use em like this

candle tails are the idiot retail trend traders that got caught in a reversal so why would anyone base their TA on those dumb fooks...thats why i ignore tails for the most part

im gona start posting less this weekend since i plan on getting stinking drunk till after the new year LOL


i do however look forward to peoples long term chart analysis since its year end
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short trump and go long the deepstate
  • #799,625
  • Dec 28, 2023 3:41pm Dec 28, 2023 3:41pm
Quoting Zebi
this is another instance of my feeling foolish pointing something really obvious out to to this room since everybody already knows this if price cant close over 2733 tmoro GU will fall to my red line next year...bools can chew their cud till kingdom come but wont do any good i dont use diagonal trendlines but if i did id use em like this candle tails are the idiot retail trend traders that got caught in a reversal so why would anyone base their TA on those dumb fooks...thats why i ignore tails for the most part im...
and what if closes exactly at 1.27330?
90% of traders use TA, indicators and prediction
  • #799,626
  • Dec 28, 2023 3:43pm Dec 28, 2023 3:43pm
Quoting Zebi
if price cant close over 2733 tmoro GU will fall to my red line next year...bools can chew their cud till kingdom come but wont do any good
Interesting view. Monthly shows decreasing trend line. However possible decrease of interest rate talk makes it bullish.

USDCHF shows more bullish chart, apparently 0,8333 is important support level. I saw it later and missed it. Better it comes again.
  • #799,627
  • Dec 28, 2023 3:47pm Dec 28, 2023 3:47pm
Booked profit 73 pips
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yes yes yes
  • #799,628
  • Dec 28, 2023 3:49pm Dec 28, 2023 3:49pm
Quoting _BBKing_
{quote} and what if closes exactly at 1.27330?

a miracle so i'll prolly stop drinking
short trump and go long the deepstate
  • #799,629
  • Dec 28, 2023 4:09pm Dec 28, 2023 4:09pm
Hourly speaking the 2740 did not the job buyers expected and gave up
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90% of traders use TA, indicators and prediction
  • #799,630
  • Dec 28, 2023 4:16pm Dec 28, 2023 4:16pm
In daily price clearly stuck between the 1.25/1.26 and 1.28 key areas.
The chart also shows the probable reason why most retail market is short and where is the overall direction
at least that’s what comes out from FF statistics and also from some brokers, so not much reliable as a source.

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90% of traders use TA, indicators and prediction
  • #799,631
  • Dec 28, 2023 4:33pm Dec 28, 2023 4:33pm
More about daily
looks not much simple to go higher
more likely possible further correction down

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if anything we have levels

upside 1.28 - 1.29 - 1.293
downside 1.27 - 1.26 - 1.25
90% of traders use TA, indicators and prediction
  • #799,632
  • Dec 28, 2023 4:35pm Dec 28, 2023 4:35pm
Y'all know I called my short from 1.28000.. 86 Pips in profilt. I'm no longer thrilled its normal to be profitable in forex.
Now I am adding more short.... A close above the red zone invalidates the trade

Tp at the first blue line... that sellside LQ point!
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My telegram: https://t.me/avidforex
  • #799,633
  • Dec 28, 2023 4:52pm Dec 28, 2023 4:52pm
Quoting RickM
{quote} Hi Footprint Look I love footprint charts and have traded them for a few years, but you can’t make big statements like the Sellers are loading up at this zone. You’re using the wrong tool if you think it’s Sellers causing this action. It could be one of two scenarios. 1.. A large selling sweeping into the market 2.. Imbalance of Buying limit orders being placed onto the charts, the Red delta is the result of HFT Algo’s hunting these limit orders. 8 times out of 10 - it’s the Quants attacking Bid imbalance and not Sellers. Personally the...

Hi Rick,

It doesn't matter what causes Price to move as long as YOU have a means to Follow it

At best we are Trading Long when Price is Cheap to Buy and Short when Price is Expensive to Buy what more do we need
  • #799,634
  • Dec 28, 2023 7:20pm Dec 28, 2023 7:20pm
sold 2744 sl 2766 tp open
mid bands H1 is 2760 prefer bounce down from there..if break will switch to long ..
  • #799,635
  • Dec 28, 2023 9:19pm Dec 28, 2023 9:19pm
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!! Radha Radha !!
  • #799,636
  • Dec 28, 2023 9:56pm Dec 28, 2023 9:56pm
low volumes, waiting for setup
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  • #799,637
  • Dec 28, 2023 10:43pm Dec 28, 2023 10:43pm
Quoting voeltoez
sold 2744 sl 2766 tp open mid bands H1 is 2760 prefer bounce down from there..if break will switch to long ..
closed be.. quit for doing mission at mosque..
  • #799,638
  • Dec 28, 2023 11:13pm Dec 28, 2023 11:13pm
Quoting suhas316
{image}
stop loss hit
!! Radha Radha !!
  • #799,639
  • Dec 28, 2023 11:40pm Dec 28, 2023 11:40pm
It will be difficult to short the dollar unless the pound-dollar rate rises on an hourly basis.
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  • #799,640
  • Dec 28, 2023 11:53pm Dec 28, 2023 11:53pm
Quoting sakimer
It will be difficult to short the dollar unless the pound-dollar rate rises on an hourly basis. {image}
Seems to be happening
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Compulsions can be hard to resist
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