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Cable Update (GBPUSD)

  • #802,181
  • Jan 12, 2024 12:44am Jan 12, 2024 12:44am
Quoting nubcake
{quote} Useless newbie shit that people should already know. Wow, earn more than you lose! Amazing. Whoever doesn't already know this should take a massive hard look at themselves and go do some study ffs. Expectancy is really ground-breaking stuff. /s
Dunno Nubby, might have been a lightbulb moment for @Advice777. Not everyone is a genius like you.
  • #802,182
  • Jan 12, 2024 12:49am Jan 12, 2024 12:49am
My short setup but not executed
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#Stay blue. /swinger/scalper/
  • #802,183
  • Jan 12, 2024 12:50am Jan 12, 2024 12:50am
Quoting Headland
{quote} Hi. Thank you mate, just had a few days FF.com free lol. Hope all well with your trading. {quote} Hi. Yeh that might have been the expectation on that data certainly. A little bit of bullishness on the release re 1min then a drop and then a small p/back and bulls 'fell @ 1st hurdle' re that prev 1hr sw lo zone = prev supp = pot sbr to a lower current p/back lo off the current dly hi. G//L with your trade. 1hr below {image}
a lot of resistance and noise above 12770 needs a break above 12780 for a decent bullish run. It is Friday however so it could possibly drop too
Insane in the Brain..
  • #802,184
  • Jan 12, 2024 12:51am Jan 12, 2024 12:51am
Quoting mallee
{quote} Dunno Nubby, might have been a lightbulb moment for @Advice777. Not everyone is a genius like you.
Unlikely. The simple fact is that forex forums are anti-educational, and what people "learn" from them is hazardous to profits and brain cells.

It is what it is, so I'll just forever be a "troll" for not wanting to lick the big clown boots.
Congratulations ScalaFX for coming out of the closet!
  • #802,185
  • Jan 12, 2024 12:54am Jan 12, 2024 12:54am
Quoting azhantahir
{quote} TP 1.281 or 1.285 or manually {image}
H1 in progress
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Look right, we'll see the signs
  • #802,186
  • Jan 12, 2024 1:02am Jan 12, 2024 1:02am
Quoting voeltoez
fresh short 2778 will add later sl still 2785
closed 2762 15 pips
  • #802,187
  • Jan 12, 2024 1:07am Jan 12, 2024 1:07am
Quoting azhantahir
{quote} H1 in progress {image}

1.282 for H4. maybe
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Look right, we'll see the signs
  • #802,188
  • Jan 12, 2024 1:10am Jan 12, 2024 1:10am
Quoting azhantahir
{quote} TP 1.281 or 1.285 or manually {image}
OMG
  • #802,189
  • Jan 12, 2024 1:10am Jan 12, 2024 1:10am
Quoting BenWarburton
I post these on my personal trading thread daily. Feel free to take a look at it for some knowledge of my strategy. {image} As you can see, a lot of WAITING. For GPBUSD, I am aware of the current short-term up trend to the Weekly/Monthly R1 Pivot. If I see a break in this pivot, I will place trades at the retest. If the price corrects downward a bit, I will place longs at a lower point (maybe 1.27). I am not trying to predict where the market is going, I will REACT to what it's showing me.
very good to help avoid impulsive trades!
one can use such idea to strictly follow plan rules
90% of traders use TA, indicators and prediction
  • #802,190
  • Jan 12, 2024 1:11am Jan 12, 2024 1:11am
...as posted earlier, price @ current dly hi is already in wkly part of the prev 4hr/dly/minor wkly sw hi zone that extends up to 2828, = prev res = pot res. Dly parts starts circa 2800, and 4hr circa 2813, (circled.)

4hr below
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Trader with an Edge.
  • #802,191
  • Jan 12, 2024 1:17am Jan 12, 2024 1:17am
Quoting Moty
For 30 pips Minimum is 12 sl 8 {image}
you are missing one important thing
price is rising, not going down.

when price rising, indicators on fast timeframes can show a reversal for 30pips, but will end with just 5/10pips then keeps rising.
the same happens when going down. Indicators will show possible bottoming, price gets up 5/10pips then keeps going down.

on a rising price, indicator fast timeframes helps bringing the low.
on a falling price, indicators fast timeframes help bringing the high.

worst of all, atm price is going nowhere just bouncing around between day open and day high. So even worse indicators will probably mess up.
Maybe in the end price will go down, so you will be done
but atm you are living in the hope
90% of traders use TA, indicators and prediction
  • #802,192
  • Jan 12, 2024 1:20am Jan 12, 2024 1:20am
Quoting _BBKing_
{quote} very good to help avoid impulsive trades! one can use such idea to strictly follow plan rules
I recommend reading: Thinking Fast and Slow by Daniel Kahneman - explains how impulsivity, especially in high pressure environments, can work heavily against you.
Do or do not, there is no try - Master Yoda
  • #802,193
  • Jan 12, 2024 1:20am Jan 12, 2024 1:20am
Quoting azhantahir
{quote} TP 1.281 or 1.285 or manually {image}
might happen today
Insane in the Brain..
  • #802,194
  • Jan 12, 2024 1:24am Jan 12, 2024 1:24am
stay with my system , m30 is clear
bear now..
unless 2785 is breach
short 2768
  • #802,195
  • Jan 12, 2024 1:29am Jan 12, 2024 1:29am
Quoting _BBKing_
{quote} you are missing one important thing price is rising, not going down. when price rising, indicators on fast timeframes can show a reversal for 30pips, but will end with just 5/10pips then keeps rising. the same happens when going down. Indicators will show possible bottoming, price gets up 5/10pips then keeps going down. on a rising price, indicator fast timeframes helps bringing the low. on a falling price, indicators fast timeframes help bringing the high. worst of all, atm price is going nowhere just bouncing around between day open and...
everyone here are living with hope that price will follow their analysis.
  • #802,196
  • Jan 12, 2024 1:31am Jan 12, 2024 1:31am
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this could be the sheet causing the 4-5 days of gbpusd stagnant/sideways…probably waiting for something
  • #802,197
  • Jan 12, 2024 1:34am Jan 12, 2024 1:34am
It’s trying to break above the 12780 resistance area for a path to 12830 (Decembers high)
Insane in the Brain..
  • #802,198
  • Jan 12, 2024 1:34am Jan 12, 2024 1:34am
Quoting voeltoez
stay with my system , m30 is clear bear now.. unless 2785 is breach short 2768
would be interesting to see your system - clear bear?
price is below daily open (where I live) and been going down - bear
but
price is above daily pivot
daily is up
weekly is up
monthly is up
conclusion: overall bias is up; price is in a retracement
  • #802,199
  • Jan 12, 2024 1:36am Jan 12, 2024 1:36am
I wouldn't be surprised if 1.2700 to 1.2677 happens today. On 1h chart, dollar index gradually picking strength but signal would be clear 30 min prior to US news. These price movements are determined by fundamental factors but revealed by technical on your candle price chart but people don't obey. News being RED doesn't mean blindly selling when your chart says buy clearly.

Haven't you see a Green news selling on your chart instead of buying? These stuff happens repeatedly especially in New York session.
https://trader.ftmo.com/metrix/1040315039
  • #802,200
  • Jan 12, 2024 1:40am Jan 12, 2024 1:40am
Quoting josi
{quote} would be interesting to see your system - clear bear? price is below daily open (where I live) and been going down - bear but price is above daily pivot daily is up weekly is up monthly is up conclusion: overall bias is up; price is in a retracement
true,
but i dont use pivot.
my m30 show adx is down..my sar is down..price at down bands..even it just slow pa..im a scalper..2785 sl is low risk than waiting bull break it.
like i said..
if 2785 break bull will unstoppable..
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