Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#806,141
Jan 31, 2024 3:01am Jan 31, 2024 3:01am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting Pat Chiko

Disliked

{quote} May he didn't read the history that in the 1770s, (before he was born) as the government engaged in the printing of currency, the worth of the dollar plummeted. An illustrative incident occurred when George Washington attempted to procure provisions for his army using the US dollar, only to be denied due to the currency's actual diminished value. Maybe after Biden got elected again, we will see it.... If Trump with his MAGA II, that is not possible

Ignored

Been talk out there that Biden will be asked to step aside for Big Mike

If anyone complains I called Michelle 'Big Mike' well there are two instances I've seen where Obama called his wife 'Mike' and she didn't bat an eyelid, maybe wifes only go of the deep end if you called them another woman's name....

Big Mike will be a formidable opponent for Trump to face, she has a lot of support amongst democrats....

Don't Leave Money on the Table

#806,142
Jan 31, 2024 3:03am Jan 31, 2024 3:03am

Zeiferz
| Joined May 2020 | Status: Trader | 261 Posts

Quoting Pat Chiko

Disliked

{quote} GU Fire the rocket ?. Then comes Federal Funds Rate FOMC Statement FOMC Press Conference fire the booster?..... Nothing recorded here is in anyway a financial advice - This is my technical analysis for this pair. {image}{image}

Ignored

does this occur to shake out sellers before a plunge?

#806,143
Jan 31, 2024 3:06am Jan 31, 2024 3:06am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,231 Posts | Online Now

Quoting HaLBot

Disliked

{quote} Been talk out there that Biden will be asked to step aside for Big Mike If anyone complains I called Michelle 'Big Mike' well there are two instances I've seen where Obama called his wife 'Mike' and she didn't bat an eyelid, maybe wifes only go of the deep end if you called them another woman's name.... Big Mike will be a formidable opponent for Trump to face, she has a lot of support amongst democrats....

Ignored

If the democrats want to lose they should have Michelle as their candidate. Trump would beat the crap out of her. They need a young, White, smart male candidate. Anything else is failure!

#806,144
Jan 31, 2024 3:09am Jan 31, 2024 3:09am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,231 Posts | Online Now

Quoting HaLBot

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G'day everyone from sunny Australia Rode the nice little 30/20 pip pump on GU and EU, a pump I expected yesterday only for the breaks to be slammed on at 2700 just after LO....

Ignored

I see it getting slammed again today to below 2600.

#806,145
Jan 31, 2024 3:15am Jan 31, 2024 3:15am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Quoting _BBKing_

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Zooming out a bit I see some levels to watch A POC near 2695 which I consider important because from there price came down even on thin liquidity market, important sup/res right below actual price minor sup/res right above {image}

Ignored

perfect to the pip.
I got a wrong entry, did not expect the second move down.
began with a tight sl 15pips
forgot to put the to, closed manually at projected target area.
went undersized, the setup was not very good but will keep increasing as long as I will be more confident.

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90% of traders use TA, indicators and prediction

#806,146
Jan 31, 2024 3:15am Jan 31, 2024 3:15am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting Mitiblotch

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{quote} I see it getting slammed again today to below 2600.

Ignored

Yeah could do so, I just want Zebi to be happy so I dun mind

Veritable feast of high impact news coming up...data in Aussie time

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Don't Leave Money on the Table

#806,147
Jan 31, 2024 3:17am Jan 31, 2024 3:17am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} GU Partial. Taking this scalping out, as price may want to add more liquidity at OB. Going to scalp until NYO.{image}

Ignored

GU

As the price range persists, it is anticipated to continue until all traders are exhausted and out of sync with the market, unable to discern the true intention of the price direction.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#806,148
Jan 31, 2024 3:18am Jan 31, 2024 3:18am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

...the prev 1hr/minor 4hr sw hi zone = prev res = pot res that extends to Asian/current dly hi contained supply when tested.

1hr below

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Trader with an Edge.

#806,149
Jan 31, 2024 3:22am Jan 31, 2024 3:22am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting Pat Chiko

Disliked

{quote} GU As the price range persists, it is anticipated to continue until all traders are exhausted and out of sync with the market, unable to discern the true intention of the price direction. {image}

Ignored

That or committed in the opposite direction to that in which the market wants to move...

#806,150
Jan 31, 2024 3:27am Jan 31, 2024 3:27am

josip
Joined Dec 2015 | Status: Trader | 2,290 Posts

GU H1
trendlines

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Trendlines H1,H4, SMC

#806,151
Jan 31, 2024 3:29am Jan 31, 2024 3:29am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

Quoting dantpm

Disliked

{quote} That or committed in the opposite direction to that in which the market wants to move...

Ignored

Hi, and in this case - of a 4hr/dly range, traders should trade on appropriate t/f's and treat it as a range until it breaks decisively -or- breaks and retests and then a truer break, ie don't expect every trade to be the start of a move that will break the range. Whilst yes, on the lower t/f's (in this 4hr/dly range example) there may develop some trends within the range, but you gotta remember the bigger picture.

Trader with an Edge.

#806,152
Jan 31, 2024 3:29am Jan 31, 2024 3:29am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Zeiferz

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{quote} does this occur to shake out sellers before a plunge?

Ignored

Hello Bro.
Selamat Petang.

We are currently in the preliminary phase, akin to a warm-up lap, entering into the build-up stage.

Some traders opt for a SHORT position, while others choose to go LONG.

However, the crux of the matter lies in determining the optimal entry point, timing, and establishing an acceptable risk threshold in case the price moves unfavorably.
While the overall market direction is crucial, it remains somewhat unclear at this juncture.
We cannot decode the intentions of MM in anticipation of forthcoming news releases and significant data unveilings. But chart TA will help to guide us there.

In response to your question regarding the projected direction of price movement, I must confess that clarity is yet to emerge.(blurr stage)still drawing it until I find good set up
Will update my chart, observing patterns that may offer insights into the probable trajectory of prices.

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#806,153
Jan 31, 2024 3:39am Jan 31, 2024 3:39am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} GU As the price range persists, it is anticipated to continue until all traders are exhausted and out of sync with the market, unable to discern the true intention of the price direction. {image}

Ignored

GU

I take my break to prepare for the upcoming high-impact Fed Rate data release later. Need to focus later on.
Time for my SMOKE break.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#806,154
Edited 5:02am Jan 31, 2024 3:47am | Edited 5:02am

Headland
Joined Apr 2020 | Status: Trader | 8,809 Posts

Quoting Pat Chiko

Disliked

{quote} GU I take my break to prepare for the upcoming high-impact Fed Rate data release later. Need to focus later on. Time for my SMOKE break. {image}

Ignored

Nice explanation on chart Pat. I tend to trade a 4 hour session or less to avoid bad fatigue, (unless I'm really into it that day.) My triggers are on the lower t/f's mainly so today for eg the triggers for my trades have been 1min, 1hr, 5min, 1min, 15min, 1min. The 1hr and 15min entries today were 'adding' to earlier lower t/f entries.

Speaking of entries, another one of those classic reversal candle closes outside 20 bol on 15min, as price tested the prev 1hr/minor 4hr sw hi zone that extends to asian/current dly hi.

15min below

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