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Cable Update (GBPUSD)

  • #806,461
  • Jan 31, 2024 3:18pm Jan 31, 2024 3:18pm
This is how i see the charts.

External price range, we had before. And the new external price range we have now. The shift happened after the previous range's high was taken and new lows formed (the high is still not taken)
Attached Image (click to enlarge)
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Then we have price movements inside this external price range.

Attached Image (click to enlarge)
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And we have internal price structure, where we can look for our trades.
In this move price took both upper and lower liquidity and now are inside with trapped buyers and sellers. Yet, there is more obvious liquidity above the highs, so price is likely to move up.
Attached Image (click to enlarge)
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  • #806,462
  • Jan 31, 2024 3:40pm Jan 31, 2024 3:40pm
you all may know or maybe you dont that i use futures charts to do all my analysis and not shitbag forex brokers charts

as you can see from this 4H futures chart price didnt get back to the midpoint (or you can call it FVG if youre 20something) of that big red candle so thats bearish since it closed below it

now if you look at your forex brokers chart youll see a completely different candle setup since forex brokers dont close for that hour the futures do

i think they do that on purpose with currencies since it makes analyzing the chart a little bit harder

so my guess is price will fart around for 4 to 8 hours and then continue down tmoro

if you look at forex charts the last hourly candle failed to close at or above midpointof the last down candle
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #806,463
  • Jan 31, 2024 3:49pm Jan 31, 2024 3:49pm
Quoting Jolita
{quote} Dxy is at daily ascending trendline lows Weekly already tested resistance Looks bullish to me, mininum highs 10362 Tomorrow's calendar looks interesting. Maybe rates unchanged .
Yep, unchanged. March rates now become top interest.
  • #806,464
  • Jan 31, 2024 4:03pm Jan 31, 2024 4:03pm
BOE rates are next.
Expectations from everyone iare pessimistic, in order to avoid recession rates should be lowered to 5%.
There are shortages in job market and Red sea issues can weaken situation in the coming months.
Bet than BOE governor is stubborn, also confident saying bank is on track with inflation.
GU could play out a reverse reaction.
Hawkish if rate reduced and dovish if kept unchanged. I can be wrong.
  • #806,465
  • Jan 31, 2024 4:21pm Jan 31, 2024 4:21pm
Every broker is sending month end statement.

This is the summary of january month statement for my real money account.

Initial balance : 481 $

Target balance by end of january : 1185 $ ( @ the rate of 4 % daily cumulative growth )

Actual balance by end of January : 1278 $

I posted this cumulative growth strategy in the january month biginning based on advice from my buddy Mastersplint.

The coloured ones are week end growth status.
Attached Image (click to enlarge)
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Intraday only.
  • #806,466
  • Jan 31, 2024 4:25pm Jan 31, 2024 4:25pm
Quoting Jolita
BOE rates are next. Expectations from everyone iare pessimistic, in order to avoid recession rates should be lowered to 5%. There are shortages in job market and Red sea issues can weaken situation in the coming months. Bet than BOE governor is stubborn, also confident saying bank is on track with inflation. GU could play out a reverse reaction. Hawkish if rate reduced and dovish if kept unchanged. I can be wrong.
Hi.

Do you trade fundamentals? I thought you were trading mostly by technical analysis.

  • #806,467
  • Jan 31, 2024 4:36pm Jan 31, 2024 4:36pm
GU long
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #806,468
  • Jan 31, 2024 4:38pm Jan 31, 2024 4:38pm
GOLD LONG
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
My telegram: https://t.me/avidforex
  • #806,469
  • Jan 31, 2024 4:42pm Jan 31, 2024 4:42pm
NZDCHF LONG
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
My telegram: https://t.me/avidforex
  • #806,470
  • Jan 31, 2024 4:54pm Jan 31, 2024 4:54pm
Quoting ScalaFX
where is now nub and bill!! You are the silliest persons here, I wish everybody see this that you two are only sweet talkers but about trading you know nothing you ibeciles!! I will keep slapping you like a bitches ass's!! Keep coming here please! Dont quit!

Aussies are not usually like Nubbie, most are pretty well laid back

If Nubbie behaved like this around his Aussie mates he'd be lonely very quickly....
Don't Leave Money on the Table
  • #806,471
  • Jan 31, 2024 4:56pm Jan 31, 2024 4:56pm
Quoting BigNumbers
GOLD LONG {image}

Sometimes I forget to look left, always look left on the charts, I need to tattoo this on my forehead LOL
Don't Leave Money on the Table
  • #806,472
  • Jan 31, 2024 4:57pm Jan 31, 2024 4:57pm
Selling 1.2685 take profit 2600
dont teach me how to buy. im sellers!!
  • #806,473
  • Jan 31, 2024 5:01pm Jan 31, 2024 5:01pm
Quoting BigNumbers
GOLD LONG {image}
Trap Signal
dont teach me how to buy. im sellers!!
  • #806,474
  • Jan 31, 2024 5:07pm Jan 31, 2024 5:07pm
Trying long with gold tp 2044
Extreme gut feeling trader
  • #806,475
  • Jan 31, 2024 5:13pm Jan 31, 2024 5:13pm
@TraderFX.Id If only you know!
My telegram: https://t.me/avidforex
  • #806,476
  • Jan 31, 2024 5:18pm Jan 31, 2024 5:18pm
Quoting genadi
{quote} Hi. Do you trade fundamentals? I thought you were trading mostly by technical analysis.
I use a bit of all fundamental and technical analysis both playing big roles in trading, f.e fundamental best to use for long time investments and technicals for short.
There is also sentimental, which is also important one.
  • #806,477
  • Jan 31, 2024 5:29pm Jan 31, 2024 5:29pm
i may stay up late tonite cause i think tokyo gona retest the lows...they still fuckin around but when they come back from lunch in several hours things mite move
short trump and go long the deepstate
  • #806,478
  • Jan 31, 2024 5:29pm Jan 31, 2024 5:29pm
Quoting HaLBot
{quote} Aussies are not usually like Nubbie, most are pretty well laid back If Nubbie behaved like this around his Aussie mates he'd be lonely very quickly....
Oh no my feel feels are hurt.
Congratulations ScalaFX for coming out of the closet!
  • #806,479
  • Jan 31, 2024 5:34pm Jan 31, 2024 5:34pm
Quoting nubcake
{quote} Oh no my feel feels are hurt.

i was just about to say i hope the resident mental patient will make an appearance to ensure price goes down LOL
short trump and go long the deepstate
  • #806,480
  • Jan 31, 2024 5:37pm Jan 31, 2024 5:37pm
Gold is bouncing of daily resistance, might attempt one more time ~2050, and if rejected , down will go. ATM stuck in the zone 2030 - 2040 - 2050
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Olu