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Cable Update (GBPUSD)

  • #800,201
  • Jan 3, 2024 2:52am Jan 3, 2024 2:52am
Gold is really juicy but has refused to complete the cycle... Should we go short and ignore the cycle... ?
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My telegram: https://t.me/avidforex
  • #800,202
  • Jan 3, 2024 2:54am Jan 3, 2024 2:54am
Daily pivot 1.26600
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yes yes yes
  • #800,203
  • Jan 3, 2024 2:56am Jan 3, 2024 2:56am
Quoting BigNumbers
Gold is really juicy but has refused to complete the cycle... Should we go short and ignore the cycle... ? {image}
post the pic with the left scale.
  • #800,204
  • Jan 3, 2024 3:00am Jan 3, 2024 3:00am
Quoting Whale
{quote} post the pic with the left scale.
Gold --- scalp targets to downside in blue, grey zones swing targets
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  • #800,205
  • Jan 3, 2024 3:08am Jan 3, 2024 3:08am
Narrow range
From 2640 I started to take buys, 3/4 pips few times … in this style I may be at 2700 at least soon, doest it count? …
  • #800,206
  • Jan 3, 2024 3:09am Jan 3, 2024 3:09am
Quoting Whale
{quote} post the pic with the left scale.
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  • #800,207
  • Jan 3, 2024 3:09am Jan 3, 2024 3:09am
Quoting T721
{quote} Gold --- scalp targets to downside in blue, grey zones swing targets {image}
I already have it from 2076
and will hold it to 2050 atleast
  • #800,208
  • Jan 3, 2024 3:22am Jan 3, 2024 3:22am
...the 1hr bearish hidden div I spoke of earlier is here; (caveats discussed remain.) Been a lower t/f's scalpy day so far re London session.

1hr below
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Trader with an Edge.
  • #800,209
  • Jan 3, 2024 3:25am Jan 3, 2024 3:25am
2650 making bull trap, need close above it for positive bullish,
  • #800,210
  • Jan 3, 2024 3:25am Jan 3, 2024 3:25am
Holding buys in GBPUSD around 1.2630. What do you guys think? 1.27 possible?
Small lot sizes, big wins
  • #800,211
  • Jan 3, 2024 3:27am Jan 3, 2024 3:27am
Quoting Traderylt
Holding buys in GBPUSD around 1.2630. What do you guys think? 1.27 possible?
hard..but still possible
  • #800,212
  • Jan 3, 2024 3:33am Jan 3, 2024 3:33am
I wonder if it goes down to 1.25536...
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I have no clue where it's going
  • #800,213
  • Jan 3, 2024 3:35am Jan 3, 2024 3:35am
Quoting Traderylt
Holding buys in GBPUSD around 1.2630. What do you guys think? 1.27 possible?
Hi. Anything is possible. Presumably, you traded a repeating set-up/your edge to go long '...around 2630,?' so you should know on how many occasions +70pips or more is achieved by it in your historical sample. This will tell you whether or not it is probable, whether or not it goes on to achieve it on this particular occasion. Good Luck.
--------------------------

1hr below
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Trader with an Edge.
  • #800,214
  • Jan 3, 2024 3:50am Jan 3, 2024 3:50am
Quoting voeltoez
2650 making bull trap, need close above it for positive bullish,
Out of interest, how do you know it's a bull trap and not a bear trap?
  • #800,215
  • Jan 3, 2024 3:56am Jan 3, 2024 3:56am
You shell not pass 1.126116-1.26263
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yes yes yes
  • #800,216
  • Jan 3, 2024 3:56am Jan 3, 2024 3:56am
Morning all, some US data later today however we could have seen todays high already unless the US data is poor.
Insane in the Brain..
  • #800,217
  • Jan 3, 2024 3:59am Jan 3, 2024 3:59am
Quoting MrFanciful
{quote} Out of interest, how do you know it's a bull trap and not a bear trap?
you can check..its bounce from upperbands H1 2650..
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  • #800,218
  • Jan 3, 2024 4:01am Jan 3, 2024 4:01am
Quoting BeeTogether
Morning all, some US data later today however we could have seen todays high already unless the US data is poor.
Hi. So far following same pattern as y/day in that we've had a false 1st upside break of Asian hi and a sell-off. Today a different day of course, so not suggesting we will see a repeat of the big downmove, but anything can happen. Gmt+2 4hr and 1hr just closed bearishly
--------------------------

4hr/1hr below
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Trader with an Edge.
  • #800,219
  • Jan 3, 2024 4:01am Jan 3, 2024 4:01am
Quoting Headland
{quote} Hi. So far following same pattern as y/day in that we've had a false 1st upside break of Asian hi and a sell-off. Today a different day of course, so not suggesting we will see a repeat of the big downmove, but anything can happen. Gmt+2 4hr and 1hr just closed bearishly -------------------------- 4hr/1hr below {image}

it does seem to be a copy and paste of yesterday morning’s action
Insane in the Brain..
  • #800,220
  • Jan 3, 2024 4:07am Jan 3, 2024 4:07am
Quoting voeltoez
{quote} you can check..its bounce from upperbands H1 2650.. {image}
I have a sell from 2645 targeting yesterdays low but as there is more movement in my bowels than there is in this price chart it's causing me to see it going in either direction.
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