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Cable Update (GBPUSD)

  • #802,601
  • Jan 14, 2024 12:13pm Jan 14, 2024 12:13pm
  •  Oylux
  • | Joined Nov 2023 | Status: Natures Best. Nig 🇳🇬 | 66 Posts
Quoting mallee
{quote} You forgot to tell us what you had for breakfast.
LMAO. . Bad mouth
  • #802,602
  • Jan 14, 2024 1:12pm Jan 14, 2024 1:12pm
GBP/USD .... Gameplan 4me ----- no idea if this will work but if i see Liquidity grab in green circle area i buy.... Pretty Risky imo but lets see what happens

Open to criticism from all peeps coz this could go Titsup on me anytime
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  • #802,603
  • Jan 14, 2024 1:15pm Jan 14, 2024 1:15pm
GBP/USD Daily Frame Work for 15th Jan 24
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  • #802,604
  • Jan 14, 2024 1:32pm Jan 14, 2024 1:32pm
JUST IN BREAKING NEWS
Six held over plot to disrupt London Stock Exchange BBC NEWS
average dude treading water
  • #802,605
  • Jan 14, 2024 1:35pm Jan 14, 2024 1:35pm
Quoting MIKKI
JUST IN BREAKING NEWS Six held over plot to disrupt London Stock Exchange BBC NEWS
Thanks MIKKI
  • #802,606
  • Jan 14, 2024 1:40pm Jan 14, 2024 1:40pm
Quoting T721
GBP/USD .... Gameplan 4me ----- no idea if this will work but if i see Liquidity grab in green circle area i buy.... Pretty Risky imo but lets see what happens Open to criticism from all peeps coz this could go Titsup on me anytime {image}
that’s been my area for the last 2 weeks lol
Insane in the Brain..
  • #802,607
  • Jan 14, 2024 1:40pm Jan 14, 2024 1:40pm
BArcelona
#Stay blue. /swinger/scalper/
  • #802,608
  • Jan 14, 2024 1:52pm Jan 14, 2024 1:52pm
Quoting BeeTogether
{quote} that’s been my area for the last 2 weeks lol
Lets get it
  • #802,609
  • Jan 14, 2024 2:14pm Jan 14, 2024 2:14pm
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  • #802,610
  • Jan 14, 2024 2:54pm Jan 14, 2024 2:54pm
Unfortunately, not the best pair to trade ATM...EVEN Justin states that.

stay gold
  • #802,611
  • Jan 14, 2024 3:00pm Jan 14, 2024 3:00pm
Another week again, make we see Wetin market wan give us.

person wey chop SL steady no fit smile at the end of the week.

stay blue everyone
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#Stay blue. /swinger/scalper/
  • #802,612
  • Jan 14, 2024 3:58pm Jan 14, 2024 3:58pm
GBPUSD price action on the daily time frame is consolidating within a rising channel (magenta) but the technical structure is bearish. Presently, price action is near the lower channel trendline, but we may still see further northward move. Nevertheless, as the dominant technical structure is bearish, further northward price action may not be sustainable, and would lead to a southward rotation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #802,613
  • Jan 14, 2024 4:17pm Jan 14, 2024 4:17pm
More shorts for me this week.

First setup attached
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#Stay blue. /swinger/scalper/
  • #802,614
  • Jan 14, 2024 5:21pm Jan 14, 2024 5:21pm
opening first short 2745..
my H1 already complete bear
  • #802,615
  • Jan 14, 2024 5:40pm Jan 14, 2024 5:40pm
Ehminiz.... I like your trade idea in the short run. I could be wrong, but it seems that the USD Index is in a corrective pullback of a longer term bullish trend,--- and that being the case-- assuming GBP/USD makes it's way down there, and price action is right--- then I like going long in one of two price ranges:

LONG GBP/USD 1.2630 - 1.2580 range or.... the price I REALLY like.... LONG GBP/USD 1.2530 - 1.2480 (mkt. could go all the way up to 1.3500 and still be in a long term down trend.) hopefully, I'll have the courage to take the trade when/if it gets down there. I have hesitation and FOMO issues that must be overcome.

1) monthly USD index chart -- market consolidated in the first half of 2023, shot up to 13,200. then dropped back into the range. -- could go down to 11,800 and still be in long term up trend. --- also,... you guys might want to take a look-see at any of Brent Johnson's videos xplaining his "Milkshake" theory on USD.
2) talk of the Fed. resuming interest rate decreases in 2024 causing USD to 'cool off' a bit before next big push up
3) look how powerful the buying of sterling looked on the 60 min. chart in mid-December! and lately, it appears that higher prices are being accepted in the 2600-2800 range.

Good trading to you all !!
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  • #802,616
  • Jan 14, 2024 5:45pm Jan 14, 2024 5:45pm
Quoting stevepatt
{quote} Hi Zebi, I Certainly will Tell the Conspiracy Theorists they're Full of Shit I certainly don't believe Retail Stops are Deliberately being Targeted, for their Liquidity, but they will get Hit as a Consequence of Price moving to the Next Level of Buying or Selling At the end of the Day I have no idea what is moving the Market, we as Retail Traders don't need to know the Detail I am one of those Guys looking @ Smaller Time Frames I very Rarely look above the 15M Time Frame and Enter off the 1 Min I'm just trying...
Fools Rushing
  • #802,617
  • Jan 14, 2024 5:46pm Jan 14, 2024 5:46pm
we always see what we're looking for ....
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  • #802,618
  • Edited 6:36pm Jan 14, 2024 5:47pm | Edited 6:36pm
By looking at fundamentals and forecasted news releases for this week, and current market "risk off" sentiment that became obvious on Friday and over the weekend, and without looking at what anybody else here on FF has to say, my gut instinct tells me to avoid buying EUR/USD and GBP/USD longs, even for hedging, but instead enter shorts, sell rallies and hold the shorts. My guesstimate is 100-200 pips south for the next 3 days this week before any significant bounce.
I could be wrong, though, so don't follow my trades. Do your own research and follow your own money management and trading system. Good luck!
Also, for today, trading could be muted because it's a U.S. bank holiday and no high impact news.
I entered 1 demo short at EUR/USD 1.09467 with no TP or SL and will wait for further price action before entering more positions.
You cannot fail if you never give up.
  • #802,619
  • Jan 14, 2024 6:18pm Jan 14, 2024 6:18pm
Quoting hhummel
Ehminiz.... I like your trade idea in the short run. I could be wrong, but it seems that the USD Index is in a corrective pullback of a longer term bullish trend,--- and that being the case-- assuming GBP/USD makes it's way down there, and price action is right--- then I like going long in one of two price ranges: LONG GBP/USD 1.2630 - 1.2580 range or.... the price I REALLY like.... LONG GBP/USD 1.2530 - 1.2480 (mkt. could go all the way up to 1.3500 and still be in a long term down trend.) hopefully, I'll have the courage to take the trade when/if...

I will look forward to buy if price falls more as said.

for now, price is still in the premium zone.

so I will wait for discount to long.
#Stay blue. /swinger/scalper/
  • #802,620
  • Jan 14, 2024 6:19pm Jan 14, 2024 6:19pm
27100 will be a good buy for me
#Stay blue. /swinger/scalper/
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