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Cable Update (GBPUSD)

  • #804,681
  • Jan 24, 2024 2:16am Jan 24, 2024 2:16am
Smart traders avoid that kind of PA..
Don't fall into the trap of screenshots
  • #804,682
  • Jan 24, 2024 2:21am Jan 24, 2024 2:21am
G/M. Quite a recovery off y/day's lo, continued through Asian session and early London, now > 61.8% of y/day's fall. Asian lo is presently the current dly lo and there has been a 1st upside break of Asian hi.

As of now; Intrady presently is bullish, 1hr is rangy - bullish, 4hr = rangy - presently bullish.

1hr below
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Trader with an Edge.
  • #804,683
  • Jan 24, 2024 2:22am Jan 24, 2024 2:22am
Quoting Whale
Smart traders avoid that kind of PA.. Don't fall into the trap of screenshots
What do you mean "that kind of PA"?
  • #804,684
  • Jan 24, 2024 2:23am Jan 24, 2024 2:23am
Quoting Yngwie
Sold 1.2715 SL 1.2745
I have pending sell at 1.2750

So I guess my order will replace your order.

  • #804,685
  • Jan 24, 2024 2:27am Jan 24, 2024 2:27am
Quoting genadi
{quote} 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). {image} 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. {image} So price comes to SRF, we wait for PA and open sell order. If we don't...

from my experience you don't know, nobody knows here and there. even the MMs dont know how other institutions are positioned or what the future brings.

but you can filter out a probability...that's at least something to belong to the winners in the long run and to bring home winnings every week;-)
trading is like dancing, don't think and just listen to the music!
  • #804,686
  • Jan 24, 2024 2:31am Jan 24, 2024 2:31am
4h turning green for dxy is it time to fly from here????
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Extreme gut feeling trader
  • #804,687
  • Jan 24, 2024 2:33am Jan 24, 2024 2:33am
For gold seems like it broke 2031… easy ride from here to 2040 or more …
Extreme gut feeling trader
  • #804,688
  • Jan 24, 2024 2:33am Jan 24, 2024 2:33am
1 and 5 mnt scalper must be stressfull now
  • #804,689
  • Edited 2:49am Jan 24, 2024 2:35am | Edited 2:49am
...solid bullish candles off y/day's lo on this 4hr (gmt+2 feed)

4hr with 10/20/40 ema crosses graphic below

...dly remains rangy (despite some y/day getting excited about $ bullishness!) I'm not sure we can glean anything from it from a longer-term directional point of view right now, perhaps until the 2828-2610 range breaks either way (one failed downside break to 2596 so far,) and then perhaps a pullback and re-test of it? The market is in a state of indecision.

dly below
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Trader with an Edge.
  • #804,690
  • Jan 24, 2024 2:47am Jan 24, 2024 2:47am
Quoting voeltoez
1 and 5 mnt scalper must be stressfull now
Hi. If it is - they're doing it wrong.
Trader with an Edge.
  • #804,691
  • Jan 24, 2024 2:53am Jan 24, 2024 2:53am
I have 1 long and 7 short EUR positions. Short TP for 6 positions = 1.08336. I'm leaving 1 short and 1 long without TP for hedging. I gotta sleep now.
If price rises higher before hitting TP, then I will start more demo accounts to switch to live later to develop more flexibility.
Hopefully more big profits this week.
You cannot fail if you never give up.
  • #804,692
  • Jan 24, 2024 2:55am Jan 24, 2024 2:55am
sold 2709 sl 2725 tp open
will add 2690
  • #804,693
  • Jan 24, 2024 2:57am Jan 24, 2024 2:57am
This pair has been stuck in a predictable range since mid Dec.
Looks like it is heading to 1.28 again.
Any short prediction is probably short term.
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  • #804,694
  • Jan 24, 2024 3:01am Jan 24, 2024 3:01am
Quoting 7154Superman
I have 1 long and 7 short EUR positions. Short TP for 6 positions = 1.08336. I'm leaving 1 short and 1 long without TP for hedging. I gotta sleep now. If price rises higher before hitting TP, then I will start more demo accounts to switch to live later to develop more flexibility. Hopefully more big profits this week.
"more big profits this week"
$136 in 2 weeks is not what i would call 'big profits'
  • #804,695
  • Jan 24, 2024 3:01am Jan 24, 2024 3:01am
You shell not pass 1.27140
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Strategy changed a little
Macd is 5m
The positions are taken when price pull back to the 5 m 12, 26 ema band with 5 pips sl and 10 pips tp so i need to win only 1 of 3 to get to be
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yes yes yes
  • #804,696
  • Jan 24, 2024 3:03am Jan 24, 2024 3:03am
for buyers TF H4 critical price @1.2729
chaos is just unknown order
  • #804,697
  • Jan 24, 2024 3:05am Jan 24, 2024 3:05am
I modified my position
SL 1.2630 no matter what
TP 1.3020

if fundamentals correlates with my position I will keep holding it and adding along the way, and keep scalping long / short for quick trades as usual.
if goes wrong, I get stopped out and keep scalping long / short as usual.
90% of traders use TA, indicators and prediction
  • #804,698
  • Jan 24, 2024 3:11am Jan 24, 2024 3:11am
Itchy finger wants to buy the iuro usd but I promised I would have touched again that MTF only once my revenge on it will be cold, crude, and strong.
Considering the whole scenario, I would have to avoid the “strong” part since already into other trades and don’t want to overleverage.

So I wait but from now on, the MTF/USD is back into my market watch price list.
90% of traders use TA, indicators and prediction
  • #804,699
  • Jan 24, 2024 3:15am Jan 24, 2024 3:15am
Quoting billGU
{quote} "more big profits this week" $136 in 2 weeks is not what i would call 'big profits'
LoL That was +36% gained in 2 trades, done about 2 weeks ago.
I just switched 7 demo accounts over to live accounts during the last 2 weeks after reaching +100% ROI with each of the 7 demo accounts. 5 of them achieved +100% in less than a month.
My $100 live accounts are a continuation (Level 2) of my system after proving my system's profitability with demo accounts. This is a long term system in the making. So, gaining +100% total ROI within a month with a long term system is crazy good. It's not high risk gambling. It's just good scalping and hedging.
I expect to potentially trade with as many as 12-20 accounts instead of just 8. I'm just getting started and still feeling things out to determine how to be profitable consistently for long term.
"More big profits this week" was referring to possibly reach +100% ROI this week with one or more live accounts, similar to how I did with some of the demo accounts a few weeks ago.
You cannot fail if you never give up.
  • #804,700
  • Jan 24, 2024 3:15am Jan 24, 2024 3:15am
There goes my 140% profit from yesterday
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