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Cable Update (GBPUSD)

  • #799,641
  • Dec 28, 2023 11:53pm Dec 28, 2023 11:53pm
Quoting trumps
there’s a good bounce zone for buys around 2725-2750 area
Good PA support zone there
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Compulsions can be hard to resist
  • #799,642
  • Edited 12:38am Dec 29, 2023 12:10am | Edited 12:38am
TGT 2890 atm
let’s if plays out and brake it everything up to draw a daily push into 1.28/1.30 area.

expected to find it near 1.27 after Asia.
will be looking to increase size to standard position if correlates PA

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90% of traders use TA, indicators and prediction
  • #799,643
  • Dec 29, 2023 12:10am Dec 29, 2023 12:10am
Only just now took a look at WS

I don't think the USD will be having a great year in 2024
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Compulsions can be hard to resist
  • #799,644
  • Dec 29, 2023 12:25am Dec 29, 2023 12:25am
Quoting trumps
Only just now took a look at WS I don't think the USD will be having a great year in 2024 {image}
I would say an initial target would be 3887 on ext.
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Compulsions can be hard to resist
  • #799,645
  • Dec 29, 2023 12:31am Dec 29, 2023 12:31am
Quoting stevepatt
{quote} 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
Hi Steve

If I was buying groceries from the supermarket I would agree with you, but buying lows or selling highs isn’t a smart strategy unless you know why the move is taking place. The advantage of being a DOM trader is I get to understand what force is moving the market, which offers me the opportunity to “stay the fuck in” and really profit from a nice trend.

An example

When I see strong Red Imbalance like on the chart from Footprint, I need to know whether some big players are sweeping into the market Selling and is there any continuation of this activity. If there is no follow through Selling, I will Buy this low because the market always traps large traders and moves bullish.
I will Sell if the sweeping continues and follow the big players.
If the Red Imbalance was caused by excessive Long orders being placed on the chart by retail Buyers (Algo’s hunt lop -sided order books), I will Sell as well and hunt alongside these algorithms manually.

In summary, if retail traders buy lows using limit orders in mass, the algorithms will kill them.

It does matter why there is a Red move, best to know why.

Cheers
Trading thin liquidity at the boundary of the charts
  • #799,646
  • Dec 29, 2023 12:37am Dec 29, 2023 12:37am
What I mean is if daily brakes this pattern upward, will mean strong buyers in play, and new playfield will be the 1.28 to 1.30 or higher
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90% of traders use TA, indicators and prediction
  • #799,647
  • Dec 29, 2023 12:44am Dec 29, 2023 12:44am
Quoting RickM
{quote} Hi Steve If I was buying groceries from the supermarket I would agree with you, but buying lows or selling highs isn’t a smart strategy unless you know why the move is taking place. The advantage of being a DOM trader is I get to understand what force is moving the market, which offers me the opportunity to “stay the fuck in” and really profit from a nice trend. An example When I see strong Red Imbalance like on the chart from Footprint, I need to know whether some big players are sweeping into the market Selling and is there any continuation...
Hi Rick,

It sounds really complecated.

This looks a lot more straight forward

I'm just trying to Capture 20 Pips Max
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  • #799,648
  • Dec 29, 2023 12:56am Dec 29, 2023 12:56am
Quoting trumps
Only just now took a look at WS I don't think the USD will be having a great year in 2024 {image}
what’s this ws?
90% of traders use TA, indicators and prediction
  • #799,649
  • Dec 29, 2023 12:58am Dec 29, 2023 12:58am
14 consecutive bullish 15 minute candles.
  • #799,650
  • Dec 29, 2023 1:04am Dec 29, 2023 1:04am
Good luck today fellas.
fix today all your bad habits from 2023.
happy 2024.

we will win them!
  • #799,651
  • Dec 29, 2023 1:06am Dec 29, 2023 1:06am
Quoting _BBKing_
{quote} what’s this ws?
Wall Street. Dow Jones Industrial Average (DJIA)
Compulsions can be hard to resist
  • #799,652
  • Dec 29, 2023 1:06am Dec 29, 2023 1:06am
Quoting MrFanciful
14 consecutive bullish 15 minute candles.
If you will check 30m it will be less.. so less scary?

1.2713 was a mid of strong OB.
  • #799,653
  • Dec 29, 2023 1:13am Dec 29, 2023 1:13am
last trade of the year
im short 2772 sl 2820..
  • #799,654
  • Dec 29, 2023 1:22am Dec 29, 2023 1:22am
looking for a retest of 1.2780s/90s then sell again today. GL, last day of the year!
  • #799,655
  • Dec 29, 2023 1:27am Dec 29, 2023 1:27am
Quoting Whale
{quote} If you will check 30m it will be less.. so less scary? 1.2713 was a mid of strong OB.
Haha
  • #799,656
  • Dec 29, 2023 1:38am Dec 29, 2023 1:38am
i think we'll start buying up again in the next 5 mins to break the high made at 7am
  • #799,657
  • Dec 29, 2023 1:40am Dec 29, 2023 1:40am
Quoting voeltoez
last trade of the year im short 2772 sl 2820..
greedy mod...move all sl to 2772 , if hit im done trading today and this year.
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  • #799,658
  • Dec 29, 2023 1:44am Dec 29, 2023 1:44am
Hit my daily target so I'm done. Going to get ready to go out with my camera. Have a good profitable day everyone, and a good New Year. Remember that the spreads are crazy on New Years Day (or the day after).
  • #799,659
  • Dec 29, 2023 1:45am Dec 29, 2023 1:45am
Scalped short 10pips.

thats it.
will let the long run no matter what

good luck and happy new year to everyone
90% of traders use TA, indicators and prediction
  • #799,660
  • Dec 29, 2023 1:52am Dec 29, 2023 1:52am
Quoting voeltoez
{quote} greedy mod...move all sl to 2772 , if hit im done trading today and this year. {image}
More greedy, aggressive and secure.
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Intraday Trading is an Art _ hoda
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