Cable Update (GBPUSD)

Yes yes yes

GU

Updating the current scalping position, it remains up by 2.6574% as of today (for Nubcake reference). The spreadshit is not attached.

It's worth occasionally reminding fellow traders about the significance of the liquidity zone in our trading endeavors.
I've previously shared charts clearly marking these liquidity zones, yet surprisingly, there hasn't been much inquiry into them.

Allow me to shed some light on what the liquidity zone entails, how it's derived, and its potential for enhancing our trading strategies:
Understanding the Liquidity Zone (LQ): This zone represents areas in the market where,lpz 89
Derivation of the Liquidity Zone: The liquidity zone is typically identified through analysis of order flow. It's where a notable accumulation or distribution o09
Utilizing the Liquidity Zone to Our Advantage: Incorporating the liquidity zone into our trading approach can provide valuable insights. By understanding its significance, we can better anticipate price movements and identify optimal entry and exit points.


Regarding recent price movements, we observed a surge following the absorption of liquidity, with a subsequent touch of the 61.8% Fibo level, followed by a retracement.

The retracement retraced back to retest the SnR zone, offering a second opportunity for latecomers to participate.
Notably, these retracements often coincide with other critical areas such as the 50.% Fib level, SnR zones, Breakout/Retest (Bo/RT) zones, and the LQ zones marked earlier in the day.

Furthermore, the LQ zone is also where anomalies in price action, often referred to as "kinks," can be found.
Understanding the implications of these kinks is paramount in trading, as they can provide valuable signals for potential market reversals or continuations.

It's important to note that the current price action is exhibiting a Compression Formation as it progresses towards Premium zones.
At present, we are anticipating the final push known as CPLQ (Compression Liquidity), which typically marks a decisive upward movement, clearing out most liquidity above.

During the compression phase, it's pertinent to acknowledge that all demand Order Blocks (OB) have been absorbed.
Consequently, in the event of a breakout following the final push, we can expect a rapid downward acceleration, as the previous demand areas have been depleted during the compression formation.

In summary, leveraging our understanding of the LQ zone and its associated dynamics can significantly enhance our trading performance and decision-making processes.

Smoke break.

same targetting 30 pips ..

which broker?? With those kinda profits weekly… oanda or ig??

Life time supply of fresh milk.

weekly?! you have done these trades this week alone?

Dan, thanks for helping me to translate
Wanting is less desirable than needing.
I need it on regular basis.


P/S please delete your prior posting, in case wifey found, you ll be sleeping outside tonight.

Waveskie,

Need a favour from you.

Can I borrow your "Profit Hunter" ,am going to Hiroshima , then Osaka.
One week in Japan.

Then off to South Africa, for another assignment.
Two week there

You're my brother.
Thanks in advance.

Hora super special

Come on mister goldi

Ahhhhhhhhhhhhh Waveskie....

You shouldn't post my photo in this forum.
Now many see my face.

I dont mind BeeToghter, as we met and did mentioned I look like some famous actor.

Shouldn't have post my pic Bro.

nothing would make me believe that

Hip hip hooray for the new strategy

One forgets with all of this la-la land smooth talk by central bankers about cutting rates by 25bps, that they will take their time and slowly cut rates blablabla. We forget that CB's almost NEVER cut interest rates slowly and by 25bps, but rather fast and furious, by 75bps, by 100bps per meeting, so all of this nonsense is... NONSENSE!

Here's one of me to even things up...

wow...and i was called a cynic couple days ago LOL

you dont believe that people in this room can walk on water?

this is the only place on the whole internet there so many millionaires pulling in money every single day

btw im still short from last nite when i went to bed

i shorted earlier so am minus 7 pips on my average...but since i didnt post the last short i wont bring it up again

Yep agreed. Headline CPI is hot and all but the report itself looks good. Nothing to worry about. It's only shelter that looks high but i think it's just base effect.