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Cable Update (GBPUSD)

  • #804,661
  • Jan 23, 2024 11:30pm Jan 23, 2024 11:30pm
My short
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#Stay blue. /swinger/scalper/
  • #804,662
  • Jan 23, 2024 11:32pm Jan 23, 2024 11:32pm
sold GU from the massive sell order at 1.2718 (CME)
hopefully it holds
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  • #804,663
  • Jan 23, 2024 11:32pm Jan 23, 2024 11:32pm
Waiting for gold to go beyond 2030… on daily timeframe nice low tail has formed and its about to turn green …its time to go create new highs….
Extreme gut feeling trader
  • #804,664
  • Jan 23, 2024 11:43pm Jan 23, 2024 11:43pm
[quote=Pat Chiko;14729647]{quote} GOLD The gold chart currently exhibits a symmetrical triangle formation,

Agree thinking gold likely to push up after coming down into POI's. Dont think GOLD has made a swing high in December so expecting that push up in December which took out the tripple tops on Daily to be taken
  • #804,665
  • Jan 23, 2024 11:45pm Jan 23, 2024 11:45pm
Quoting footprint
sold GU from the massive sell order at 1.2718 (CME) hopefully it holds {image} {image}

What would happen if a buy order is placed as big as this sell order, would you re-evaluate your position??
Don't Leave Money on the Table
  • #804,666
  • Jan 23, 2024 11:50pm Jan 23, 2024 11:50pm
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yes yes yes
  • #804,667
  • Jan 23, 2024 11:51pm Jan 23, 2024 11:51pm
Quoting HaLBot
{quote} What would happen if a buy order is placed as big as this sell order, would you re-evaluate your position??
yes. but as the delta is strongly negative both on the retest and cumulative, i think it will be ok. I will put my stop to BE soon.
relying on dollar being truly bullish after it filled singleprint yesterday
it might stop hunt London open
  • #804,668
  • Jan 23, 2024 11:53pm Jan 23, 2024 11:53pm
Quoting montygoldy
{quote} just wanna confirm why there is no swaps???… literally indices have monstrous swaps thats why i rarely hold’em for a day or 2…..
I'm into those swap-free accounts, you know, the Islamic trading ones.
Indices can hit you hard with those crazy swap rates. Unlike the FX market, like with GBP/USD, I roll with a regular account since the swap fees are peanuts and the spread are lower.

GU Swap rates.
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As you are saying, indices can hit you with those hefty swap rates.
If you're into holding onto trades for the long haul, might wanna check out a swap-free account.

Sure, the spread might be a tad higher, but you pay zero to hold onto your trades over time.

And hey, don't be shy to talk to your broker about the account type and fees.
Most brokers are cool with fulfilling those requests. Just shoot them a message.

Best Regrads
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #804,669
  • Jan 23, 2024 11:55pm Jan 23, 2024 11:55pm
Flipped at resistance area of 12710 gone short at 12708 open TP. Will love SL to b/e once it drops below 12680
Insane in the Brain..
  • #804,670
  • Jan 23, 2024 11:56pm Jan 23, 2024 11:56pm
Quoting footprint
sold GU from the massive sell order at 1.2718 (CME) hopefully it holds {image} {image}
interesting setup
one day will find the time to learn more about it
90% of traders use TA, indicators and prediction
  • #804,671
  • Jan 23, 2024 11:59pm Jan 23, 2024 11:59pm
Quoting eyefeelsix
{quote} target buy reached for +6R atm my pending short has been taken for -15p risk ( bit wide to avoid volatility LO ) {image}
Copied. Thanks.
  • #804,672
  • Jan 24, 2024 12:02am Jan 24, 2024 12:02am
Quoting Moty
{image}
I love that hammer Moty.
This business is all about patience!
  • #804,673
  • Jan 24, 2024 12:04am Jan 24, 2024 12:04am
Quoting navk
{quote} i dunno how many has seen this post
Quoting _BBKing_
{quote} I did
but I didn’t really understand it.
guess you meant that at that time is London noon so acting as a kind of “mid-day fix” so direction will be followed until London closing time.
90% of traders use TA, indicators and prediction
  • #804,674
  • Jan 24, 2024 12:05am Jan 24, 2024 12:05am
Quoting Pat Chiko
{quote} I'm into those swap-free accounts, you know, the Islamic trading ones. Indices can hit you hard with those crazy swap rates. Unlike the FX market, like with GBP/USD, I roll with a regular account since the swap fees are peanuts and the spread are lower. GU Swap rates. {image} As you are saying, indices can hit you with those hefty swap rates. If you're into holding onto trades for the long haul, might wanna check out a swap-free account. Sure, the spread might be a tad higher, but you pay zero to hold onto your trades over time. And hey,...
I’ll try with mine … if it happens that’ll golden for me…
Extreme gut feeling trader
  • #804,675
  • Jan 24, 2024 12:06am Jan 24, 2024 12:06am
Quoting montygoldy
Waiting for gold to go beyond 2030… on daily timeframe nice low tail has formed and its about to turn green …its time to go create new highs….
tp hit for gold .. nearly recovered yesterday gold losses…. 1st screen for today profits and 2nd screen for yesterday losses…..
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Extreme gut feeling trader
  • #804,676
  • Jan 24, 2024 12:07am Jan 24, 2024 12:07am
Quoting randu
{quote} Copied. Thanks.
Short 2714
  • #804,677
  • Jan 24, 2024 12:10am Jan 24, 2024 12:10am
Quoting Pat Chiko
{quote} GU GU flip supply/demand zone as price pushing thru flip zone prior to LO {image}
GU

Daily TF out look into symmetrical triangle
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #804,678
  • Jan 24, 2024 12:12am Jan 24, 2024 12:12am
Sold 1.2715 SL 1.2745
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #804,679
  • Jan 24, 2024 12:15am Jan 24, 2024 12:15am
Quoting Pat Chiko
{quote} GU GU flip supply/demand zone as price pushing thru flip zone prior to LO {image}
On H4 timeframe price is climbing up making Higher Highs and Higher Lows. But suddenly last Higher Low was taken (or 3 lows, depends how you look).

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So now we can say that we have Market Structure Shift, which means we now are in bearish mode. But how can we be sure that this was not Liquidity run (or Fake out)? Chart does not show that there was liquidity, so we can assume that we shift in market structure, so we are looking for a sell on the return up.

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So price comes to SRF, we wait for PA and open sell order. If we don't take TP1 at first ICT's OB, we get our SL hit.
So now, after many hours, we see that the move down and engulf of H4 lows was liquidity run.

1) so how can we know if engulf of last H4 higher low was MMS or Liquidity run?
2) if it was MMS and we trade on SRF, does our stop should be just above last M30 high, the high we opened our sell order on?
  • #804,680
  • Jan 24, 2024 12:15am Jan 24, 2024 12:15am
Quoting Pat Chiko
{quote} {quote} NASDAQ The Nasdaq is getting really expensive compared to stuff like oil and gold, kind of like how it was back in the Dot Com Bubble. The chart suggests it might go even higher, especially after it checks back a bit during the FOMC. I've noticed that even when there's bad news for the economy, Nasdaq still goes up. I'm just wondering, when do all the people making money decide to take their profits? {image} {image}
that’s a massive move up indeed!
I don’t trade it, I just check it from time to time just to keep in mind the craziness of markets.
90% of traders use TA, indicators and prediction
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