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Cable Update (GBPUSD)

  • #804,161
  • Jan 22, 2024 4:01am Jan 22, 2024 4:01am
Looks like a 4hr bearish reversal signal off 2725 resistance area
Compulsions can be hard to resist
  • #804,162
  • Jan 22, 2024 4:02am Jan 22, 2024 4:02am
Quoting eyefeelsix
{quote} 9%+ total gained and I'm done for Cable this week, Its payout time! Thank You {image}

first short for -9p risk

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
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  • #804,163
  • Jan 22, 2024 4:06am Jan 22, 2024 4:06am
Quoting Headland
...gmt+2 price feed 4hr candle could well close as a bearish engulf in a few mins, how long will the lower wick be though? 4hr below {image}

We had a contrary to 4hr bullish engulf close on 1hr @ same time, a few mins ago.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #804,164
  • Jan 22, 2024 4:09am Jan 22, 2024 4:09am
Quoting trumps
{quote} ok dodgy numbers, but this is too easy. im already short from my previously stated 2712 area, but there will be a stop hunt for sure.
Market putting the squ-eeze on since last weeks bullish USD and bearish GBP news

Wheezing the Ju-uice...
Inserted Video
Compulsions can be hard to resist
  • #804,165
  • Jan 22, 2024 4:13am Jan 22, 2024 4:13am
London open able to close above last week close. Next 30 minsk would be so interesting. Buy it with sl below 1.2680.
  • #804,166
  • Jan 22, 2024 4:13am Jan 22, 2024 4:13am
if it fly to 2725, then im will be fine with 1K profits today
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  • #804,167
  • Jan 22, 2024 4:24am Jan 22, 2024 4:24am
Quoting Fardeen1209
{quote} Oh thanks. Candlestick formation at the strong level indeed confirms a level (hold and bounce or indicates a BO). Forex tool is known by many names, but at the end of the day, new names explains old concept. Speaking of which Knowing which level to enter the market is more important than the candle reversal signals Daily Nas100 {image} {quote} Cause majority of the time, CRS is a great tool, but it comes with reduced rewards and higher risk, as price already run away from Liquidity pool. 4hr {image} Trading the liquidity pool gives me the...
Nas100
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High probability Long setup is waitng for iv
No short setup yet to trade wave iv
Short will be risky. Rather hold longs on main account, but will look for short setup on scalping account.
For index, i only trade setup which i can perceived to give me at least 1:10 RR, i wont settle for anything less than that.

Will we see 18k at the end of this trend?
More time in the market, does not mean you trade better!
  • #804,168
  • Edited 4:45am Jan 22, 2024 4:33am | Edited 4:45am
...the 30min bullish hidden div I referred to earlier is shown below...will it see a with 2hr (next higher t/f in the t/f combo) uptrend (if indeed there is an uptrend on 2hr - it's debatable but more bullish than bearish right now I guess on that t/f,) to a new 'trend hi' above current dly hi? The optimum entry was on the 5min regular bull div set-up. It's 'in the shadow' of that last 4hr bearish engulf close now.

30min below
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Trader with an Edge.
  • #804,169
  • Jan 22, 2024 4:39am Jan 22, 2024 4:39am
The reason I use DJ FXCM USD INDEX instead of DXY..... basket of 4 majors, equally weighted.

"...Components and Methodology[edit]
the Dow Jones FXCM Dollar Index was a measure of the U.S. dollar's value equally weighted against four of the world's most liquidly traded currencies:

  1. Euro (EUR), 25 initial weight
  2. British Pound sterling (GBP), 25% initial weight
  3. Japanese Yen (JPY), 25% initial weight
  4. Australian Dollar (AUD), 25% initial weight

  • #804,170
  • Jan 22, 2024 4:40am Jan 22, 2024 4:40am
A. Goes to upper res
B. Goes to lower supp
C. Goes nowhere.

Attached Image (click to enlarge)
Click to Enlarge Name: Gu.png Size: 59 KB


Good setup short.
I buy.

will almost certainly be stopped out.
90% of traders use TA, indicators and prediction
  • #804,171
  • Jan 22, 2024 4:42am Jan 22, 2024 4:42am
Quoting eyefeelsix
{quote} first short for -9p risk {image}
target maxwin where bro?
  • #804,172
  • Jan 22, 2024 4:43am Jan 22, 2024 4:43am
Quoting _BBKing_
A. Goes to upper res B. Goes to lower supp C. Goes nowhere. {image} Good setup short. I buy. will almost certainly be stopped out.
Maybe long at 12680?
Insane in the Brain..
  • #804,173
  • Jan 22, 2024 4:45am Jan 22, 2024 4:45am
Have closed half at 1.2704
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  • #804,174
  • Jan 22, 2024 4:49am Jan 22, 2024 4:49am
in this very bored and choppy london session where every upside move seems suppressed i m looking for a session high @ 1.2717, in on figure with fatty size. stealing mode
chaos is just unknown order
  • #804,175
  • Jan 22, 2024 4:57am Jan 22, 2024 4:57am
Quoting voeltoez
{quote} target maxwin where bro?

maybe there

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
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  • #804,176
  • Jan 22, 2024 4:59am Jan 22, 2024 4:59am
Quoting eyefeelsix
{quote} maybe there {image}
oke follow
  • #804,177
  • Jan 22, 2024 5:04am Jan 22, 2024 5:04am
Quoting BeeTogether
{quote} Maybe long at 12680?
will wait a bit and see how it develops.
a bullish failure could mean we go lower than 2680

ugly overall setup on cable.
After closing this trade, I will let it run for a while and wait for it to find reasons to move and breakout somewhere
90% of traders use TA, indicators and prediction
  • #804,178
  • Jan 22, 2024 5:16am Jan 22, 2024 5:16am
again,... if Cable can break through the bearish OrderBlock /majenta box (thanks and respect to ICT Inner Circle Trader!) then there could be more upside and I may add to long position if it holds above OB. but... it is Monday and there are no economic events this morning so I don't know if market will have 'the juice'. of course, if mkt. gets up there, there could be another sell off at 1.2720 --- we're gettin' close so we'll see.
Attached Image (click to enlarge)
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  • #804,179
  • Jan 22, 2024 5:24am Jan 22, 2024 5:24am
here's a 30 min. chart of the GBP futures contract. I'm new to Volume Profile analysis, but the big bearish move down on Jan 16 happened with what appears to be very low volume. that might mean the 1.2720 area (bearish OB) could be easier to penetrate on the way back up (?) -- but again, guys....I only started studying Volume Profile a couple of months ago, so I could be wrong.
Attached Image (click to enlarge)
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  • #804,180
  • Jan 22, 2024 5:24am Jan 22, 2024 5:24am
Quoting _BBKing_
A. Goes to upper res B. Goes to lower supp C. Goes nowhere. {image} Good setup short. I buy. will almost certainly be stopped out.
out +3
My luch time.
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