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Cable Update (GBPUSD)

  • #836,081
  • Aug 23, 2024 3:15am Aug 23, 2024 3:15am
Quoting BeeTogether
Bulls back in the market, taking on last years high now..
Hi, yeh, they triggered/bought the long position-sell stops for liquidity under y/day's Asian lo, to record the dly lo, and it was all up from there, (4hr bullish hidden div.)
Trader with an Edge.
  • #836,082
  • Aug 23, 2024 3:19am Aug 23, 2024 3:19am
Quoting Headland
{quote} Hi, yeh, they triggered/bought the long position-sell stops for liquidity under y/day's Asian lo, to record the dly lo, and it was all up from there, (4hr bullish hidden div.)

this movement is impressive from 12798 on Thursday a week ago to now its quite a rocket. From a corrective perspective a drop below 131 towards 13050 could be the break the bears need. Although from a liquidity maybe touching 131 to fuel for 132?
Insane in the Brain..
  • #836,083
  • Aug 23, 2024 3:19am Aug 23, 2024 3:19am
alert! GU Boobs pattern!
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People don't plan to lose. They lose because they don't plan.
  • #836,084
  • Edited 3:33am Aug 23, 2024 3:22am | Edited 3:33am
Quoting BeeTogether
{quote} this movement is impressive from 12798 on Thursday a week ago to now its quite a rocket. From a corrective perspective a drop below 131 towards 13050 could be the break the bears need. Although from a liquidity maybe touching 131 to fuel for 132?
Yeh, I think there will be intraday retail stops under y/day's lo, with longer-term position stops under 3010, and the mm's stops probably still under 2665 possibly under 2798 (last HL on dly.) In my old firm we'd still be under 2665 until a 2nd HL and a hi (in this case a HH) is established up from the 2nd HL. Then we'd move to just under 2798. Well that was how we used to do it anyways. Ie we wanted (for uptrends) @ least one HL between the stop and the prevailing current trend hi. The original stop for any long position up from 2665 would have been under 2612.

dly below
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Trader with an Edge.
  • #836,085
  • Aug 23, 2024 3:50am Aug 23, 2024 3:50am
GBP/USD ::a weekly chart.
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  • #836,086
  • Aug 23, 2024 3:51am Aug 23, 2024 3:51am
Quoting Headland
{quote} Yeh, I think there will be intraday retail stops under y/day's lo, with longer-term position stops under 3010, and the mm's stops probably still under 2665 possibly under 2798 (last HL on dly.) In my old firm we'd still be under 2665 until a 2nd HL and a hi (in this case a HH) is established up from the 2nd HL. Then we'd move to just under 2798. Well that was how we used to do it anyways. Ie we wanted (for uptrends) @ least one HL between the stop and the prevailing current trend hi. The original stop for any long position up from 2665 would...
12665 if only I went long there lol .

Friday being what it is, we could see a drop back to 131 during the NY session as profiteering can happen
Insane in the Brain..
  • #836,087
  • Aug 23, 2024 3:57am Aug 23, 2024 3:57am
https://www.forexfactory.com/thread/...1#post14973861
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I will succeed Not immediately... but definitely
  • #836,088
  • Aug 23, 2024 3:59am Aug 23, 2024 3:59am
Quoting Pat Chiko
{quote} GU Some lucky trades today. Taken some porfit out and wanting to add some more. I think price will try to RT the BO. Will add to scalp and hope to make some tiny profit tomorrow. I guess best way to do is to have +ve stop to protect the account.{image}
GU

Stopped out
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #836,089
  • Aug 23, 2024 4:00am Aug 23, 2024 4:00am
oops, there goes the high
This pair is on a ridiculous mission
Compulsions can be hard to resist
  • #836,090
  • Aug 23, 2024 4:03am Aug 23, 2024 4:03am
Stopped out.
Back to reality, no soup for me
  • #836,091
  • Aug 23, 2024 4:07am Aug 23, 2024 4:07am
Quoting ScalaFX
alert! GU Boobs pattern! {image}

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Don't Leave Money on the Table
  • #836,092
  • Aug 23, 2024 4:10am Aug 23, 2024 4:10am
Quoting HaLBot
{quote} {image}
People don't plan to lose. They lose because they don't plan.
  • #836,093
  • Aug 23, 2024 4:13am Aug 23, 2024 4:13am
Quoting BeeTogether
Bulls back in the market, taking on last years high now..
I wonder why we have yesterday's inverted hammer only for price to go and attack new high yet again... Anyway, sold at 1.3127.. target 1.3000, stop 1.3160
Data + Stat + Risk/Emotions Management
  • #836,094
  • Aug 23, 2024 4:14am Aug 23, 2024 4:14am
Quoting ScalaFX
alert! GU Boobs pattern! {image}

wow ...sexy
MY OPINION NOT FINANCIAL ADVISE
  • #836,095
  • Aug 23, 2024 4:15am Aug 23, 2024 4:15am
Quoting Georginson
{quote} I wonder why we have yesterday's inverted hammer only for price to go and attack new high yet again... Anyway, sold at 1.3127.. target 1.3000, stop 1.3160

a range accumulation happen before distribution...

we had 3 days bullish this week, we cant just go down easily



for me I expect today to close bearish.
MY OPINION NOT FINANCIAL ADVISE
  • #836,096
  • Aug 23, 2024 4:21am Aug 23, 2024 4:21am
Putting a pending short order at 1.32 hoping to catch some Powell price spikes shenanigans entry.
  • #836,097
  • Aug 23, 2024 4:23am Aug 23, 2024 4:23am
Quoting Georginson
{quote} I wonder why we have yesterday's inverted hammer only for price to go and attack new high yet again... Anyway, sold at 1.3127.. target 1.3000, stop 1.3160
In yesterday's case, It's better if the body is bearish
Compulsions can be hard to resist
  • #836,098
  • Aug 23, 2024 4:23am Aug 23, 2024 4:23am
short 1.3132

sl 1.3163

TP 1.2961


last trade for the week.

my personal trade,

NO PERFECT TRADE ,
MY OPINION NOT FINANCIAL ADVISE
  • #836,099
  • Aug 23, 2024 4:25am Aug 23, 2024 4:25am
Quoting Georginson
{quote} I wonder why we have yesterday's inverted hammer only for price to go and attack new high yet again... Anyway, sold at 1.3127.. target 1.3000, stop 1.3160
Hi. The upper wicks on the last 3 x dly candles have been getting longer, showing that sellers are/have been @ least, present, but whether their volume is enough from say any new 1hr (+) swing hi remains to be seen re taking us down appreciably. Looking for signs of bullish exhaustion. Good luck with your short.

dly below
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Trader with an Edge.
  • #836,100
  • Aug 23, 2024 4:27am Aug 23, 2024 4:27am
Quoting HaLBot
{quote} {image}
ΥΕΣ..... The corrrrect choice......

The 1-2-3 Pattern has been renamed to BOOBS PATTERN.........[]

When are we going to see the PUSSY PATTERN...??? Kindly Scala , educate us .



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