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Cable Update (GBPUSD)

  • #804,421
  • Jan 23, 2024 6:55am Jan 23, 2024 6:55am
back to desk I opened charts.
unable to resist.

long @2704 SL 20p
no TG atm will decide later. Can go 200+pips higher or even stop right here 2713 while typing.
or come back down into 1.26 area

I will be looking to increase position if goes my direction
90% of traders use TA, indicators and prediction
  • #804,422
  • Jan 23, 2024 6:58am Jan 23, 2024 6:58am
add short 2713 sl 2750.. revenge trades
  • #804,423
  • Jan 23, 2024 6:59am Jan 23, 2024 6:59am
Quoting _BBKing_
back to desk I opened charts. unable to resist. long @2704 SL 20p no TG atm will decide later. Can go 200+pips higher or even stop right here 2713 while typing. or come back down into 1.26 area I will be looking to increase position if goes my direction
moving SL @2695. I see no reasons in holding it if goes lower than that.
90% of traders use TA, indicators and prediction
  • #804,424
  • Jan 23, 2024 7:00am Jan 23, 2024 7:00am
If you are into patterns there is a interesting W that has formed in the 5 and 15 minute time frames and another one in the 30 minute.
  • #804,425
  • Jan 23, 2024 7:00am Jan 23, 2024 7:00am
Quoting _BBKing_
back to desk I opened charts. unable to resist. long @2704 SL 20p no TG atm will decide later. Can go 200+pips higher or even stop right here 2713 while typing. or come back down into 1.26 area I will be looking to increase position if goes my direction
I think I'm watching a rerun.
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  • #804,426
  • Jan 23, 2024 7:04am Jan 23, 2024 7:04am
Quoting dantpm
If you are into patterns there is a interesting W that has formed in the 5 and 15 minute time frames and another one in the 30 minute.
that would indicate a temporary rise.. and then a drop on its way too
Insane in the Brain..
  • #804,427
  • Jan 23, 2024 7:04am Jan 23, 2024 7:04am
Quoting Pat Chiko
Thank You This might be my final post regarding trade setups, as I've grown weary of trading and am considering pursuing a different career. I wish to explore something beyond the realm of trading; perhaps I'll delve into a non-contact sport. Given my age, I believe there's still time for me to engage in sports before advancing in years. If I don't attempt this now, I may never discover a more fulfilling profession than trading. Thank you for your support, and feel free to point out any flaws in my decision-making. P/S Even I dont see good quality...
Pat, I have an excuse to cut on my posting here. Santa Clause threatened me not to show off b/c the meathead gets his panties in the knot when he sees EW analysis, otherwise, I don't get any gift for Christmas this year. Would you risk that much?
Always trade your own plan...I don't provide trading signals.
  • #804,428
  • Jan 23, 2024 7:05am Jan 23, 2024 7:05am
Quoting Pat Chiko
{quote} Hello Waveskie, Thank you for your kind words. The primary reason I am inclined to step away from trading is my desire to pursue a professional career as a Golf Instructor. I won't be aiming for the Pro tour, as my focus will be occupied with coaching these young girls/ aspiring players. A handful of girls junior golf enthusiasts have expressed interest in joining me, as I do not impose any charges for instructional fees; it's entirely complimentary. I find a greater sense of fulfillment being out on the golf course, engaging in training...
Big MiMi
That's what motivates me to trade
Identifying losers equals victory
  • #804,429
  • Jan 23, 2024 7:09am Jan 23, 2024 7:09am
Quoting BeeTogether
{quote} that would indicate a temporary rise.. and then a drop on its way too
Okay, now what would be the rise?
  • #804,430
  • Jan 23, 2024 7:11am Jan 23, 2024 7:11am
this could lead to 400 pips bulls run
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yes yes yes
  • #804,431
  • Jan 23, 2024 7:12am Jan 23, 2024 7:12am
Quoting dantpm
{quote} Okay, now what would be the rise?
maybe 12730 area maybe?
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Insane in the Brain..
  • #804,432
  • Jan 23, 2024 7:14am Jan 23, 2024 7:14am
Quoting BeeTogether
{quote} maybe 12730 area maybe? {image}
Why not 1,27500?
Especially if you give credence to Pat's liquidity grab notion.
  • #804,433
  • Jan 23, 2024 7:16am Jan 23, 2024 7:16am
i fail when i compare my results with others


they're not like me i am not like them

i find my flow, its slow but its achieving

always stay focused on your goals
MY OPINION NOT FINANCIAL ADVISE
  • #804,434
  • Jan 23, 2024 7:18am Jan 23, 2024 7:18am
Quoting Moty
this could lead to 400 pips bulls run {image} {image}
TradingView has a gap in DXY from Jan 16th that was never filled just below that 400 point drop level.
  • #804,435
  • Jan 23, 2024 7:18am Jan 23, 2024 7:18am
Quoting dantpm
If you are into patterns there is a interesting W that has formed in the 5 and 15 minute time frames and another one in the 30 minute.
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yes yes yes
  • #804,436
  • Jan 23, 2024 7:19am Jan 23, 2024 7:19am
eur gbp daily chart with my personal opinion over it:
the ellypse tells the moment of the clearly seen Lower Low followed by a failure near .8750 and another failur near .8700

nearest support is the ellypse area .8500 (50 pips below actual price)

upside first line is the .86 which failed last week to hold the hourly charts.

Attached Image (click to enlarge)
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i'm not looking to short it, not yet.
what I see is that as long as this keeps going down, the gbp will be stronger than the EUR.

so, in case of dollar strenght causing a move down in EUR USD and GBP USD, the move in the IURO will be a clean move, while the cable will be bouncing messed.

In case of both EU and Cable going up on weak dollar, cable will shoot up, while the EU will be stuck somewhere.

So, let's see how the week develops
90% of traders use TA, indicators and prediction
  • #804,437
  • Jan 23, 2024 7:22am Jan 23, 2024 7:22am
Quoting mallee
{quote} I think I'm watching a rerun.{image}
yes let's see if this move down was just an attempt to bring more demand and go higher
90% of traders use TA, indicators and prediction
  • #804,438
  • Jan 23, 2024 7:22am Jan 23, 2024 7:22am
Quoting Moty
this could lead to 400 pips bulls run {image} {image}
Sky's the limit Moty
  • #804,439
  • Jan 23, 2024 7:28am Jan 23, 2024 7:28am
Quoting dantpm
{quote} Why not 1,27500? Especially if you give credence to Pat's liquidity grab notion.
maybe … also the rejection of 127 and below could be first attempt so a further drop towards 12680 (former resistance area) may provide the springboard
Insane in the Brain..
  • #804,440
  • Jan 23, 2024 7:29am Jan 23, 2024 7:29am
TFM15
BSL and SSL

DXY vs GBPUSD vs EURUSD vs GOLD

Waiting for manipulations

edited
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Look right, we'll see the signs
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