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Cable Update (GBPUSD)

  • #810,741
  • Feb 21, 2024 2:35am Feb 21, 2024 2:35am
Quoting BigNumbers
{quote} Price is down! short!
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My telegram: https://t.me/avidforex
  • #810,742
  • Feb 21, 2024 2:36am Feb 21, 2024 2:36am
Quoting zuko
Sold @ 1,2626 SL 1,2640
Add @1,2617
  • #810,743
  • Feb 21, 2024 2:38am Feb 21, 2024 2:38am
LO create LL..
my plan was to long..

i will keep the plan
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  • #810,744
  • Feb 21, 2024 2:39am Feb 21, 2024 2:39am
Also short on AUDUSD
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  • #810,745
  • Feb 21, 2024 2:43am Feb 21, 2024 2:43am
...61.8% of y/day's 2579-2688/89 rise reached, @ current dly lo. 1st downside b/o of Asian lo.
Trader with an Edge.
  • #810,746
  • Feb 21, 2024 2:46am Feb 21, 2024 2:46am
Quoting Headland
{quote} Again it depends what you mean by 'the open,' If you mean equities (Ftse) open then yeh London open is 3am est = 8am gmt. Can't remember re Frankfurt, but I'm sure you are right. London forex desks start trading circa 0630am London time, Frankfurt 1hr earlier. There is a lot of cross-flow of institutional monies between asset-classes when all asset-classes are trading, including commodities, fixed income etc. I know what you mean re volumes increasing @ the 'official' open re equities, but we used to process overnight orders before that,...
interesting, i didnt know that.

does that mean also NY has a preopening forex desk 1 1/2 hours before the official opening?
trading is like dancing, don't think and just listen to the music!
  • #810,747
  • Feb 21, 2024 2:56am Feb 21, 2024 2:56am
Quoting birdland
{quote} interesting, i didnt know that. does that mean also NY has a preopening forex desk 1 1/2 hours before the official opening?
Hi. As far as I know yeh absolutely, that still happens, - it did in my day. It's an unofficial open as no centralized exchange other than futures re forex, and like london depends on the institution. NYSE opens 0930am NY time which is much later than the equivalent 0800am London time open, so when I worked there, (did 3yrs there,) we were @ our desks a good 2.5hrs before that, @ circa 0700am NY (est.)
Trader with an Edge.
  • #810,748
  • Feb 21, 2024 2:59am Feb 21, 2024 2:59am
Quoting Headland
{quote} Hi. As far as I know yeh absolutely, that still happens, - it did in my day. It's an unofficial open as no centralized exchange other than futures re forex, and like london depends on the institution. NYSE opens 0930 NY time which is much later than the equivalent 0800am London time open, so when I worked there, (did 3yrs there,) we were @ our desks a good 2.5hrs before that, @ circa 0700am NY (est.)

I have 7 am est marked as the 'start of NY''s ramp up of activity.
  • #810,749
  • Feb 21, 2024 3:00am Feb 21, 2024 3:00am
Please lower the pound/dollar rate a little more.
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  • #810,750
  • Feb 21, 2024 3:02am Feb 21, 2024 3:02am
double my loss yesterday, im done
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dont teach me how to buy. im sellers!!
  • #810,751
  • Edited 3:16am Feb 21, 2024 3:05am | Edited 3:16am
...1st downside b/o of Asian lo remains true (for now at least,) and price has just about reached 50% of the total recent 2535-2688/89 rise, @ current dly lo. 44% 30day adr traveled so far today. 2558 would be the current adr lo.

EDIT: added chart

1hr below
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Trader with an Edge.
  • #810,752
  • Feb 21, 2024 3:16am Feb 21, 2024 3:16am
Frustrating detail about this indicator is that for every item traded and every time frame there is a slightly different setup that changes through the day. You can get by with common settings in many cases. It's too bad that [A] someone doesn't automate the setting of parameters (like you would expect from a true AI) and [b] build a trading robot that uses it


EDIT and [C] figure out what happens after 4 candles.
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  • #810,753
  • Feb 21, 2024 3:17am Feb 21, 2024 3:17am
Okay bought GU EU and Ozzy
Don't Leave Money on the Table
  • #810,754
  • Feb 21, 2024 3:25am Feb 21, 2024 3:25am
Quoting HaLBot
Okay bought GU EU and Ozzy
Hi. On Cable it was a decent small (+) scalp but for me - 1min entry with the bullish exp tri - pt.5 and the bullish reg div there, @ that aforementioned 50% 2535-2688/89 move. Supporting set-up on 5min too. Scary last 1hr close for longs lol!

1min below
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Trader with an Edge.
  • #810,755
  • Feb 21, 2024 3:27am Feb 21, 2024 3:27am
Quoting Headland
{quote} Hi. On Cable it was a decent small (+) scalp but for me - 1min entry with the bullish exp tri - pt.5 and the bullish reg div there, @ that aforementioned 50% 2535-2688/89 move. Supporting set-up on 5min too. Scary last 1hr close for longs lol! 1min below {image}

I'm working on the fact there has been a decent pullback and expect a bounce from here....could be wrong


But yes hourly could continue lower....
Don't Leave Money on the Table
  • #810,756
  • Feb 21, 2024 3:29am Feb 21, 2024 3:29am
im sold again half lot 2610 sl 2630
and securing profits
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dont teach me how to buy. im sellers!!
  • #810,757
  • Feb 21, 2024 3:33am Feb 21, 2024 3:33am
Quoting HaLBot
{quote} I'm working on the fact there has been a decent pullback and expect a bounce from here....could be wrong But yes hourly could continue lower....
...for me the potential support was only that 50% 2535-2688/89, so was wary of it, but yeh know what you mean about 'expecting a p/back' but this falls into the trade what you see not what what you think thing, lol!
Trader with an Edge.
  • #810,758
  • Feb 21, 2024 3:36am Feb 21, 2024 3:36am
Quoting Whale
LO create LL.. my plan was to long.. i will keep the plan {image}
added long 1.2605
  • #810,759
  • Feb 21, 2024 3:39am Feb 21, 2024 3:39am
Quoting Whale
{quote} added long 1.2605
whats ur sl, 2610-2600 confusing area, but i wil long if break 2635
dont teach me how to buy. im sellers!!
  • #810,760
  • Feb 21, 2024 3:39am Feb 21, 2024 3:39am
Quoting ScalaFX
scalp buy GU 2618, will add 2610 2600 2590
Bro, I am waiting for 1.2580.
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