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Cable Update (GBPUSD)

  • #850,181
  • Jan 8, 2025 2:27pm Jan 8, 2025 2:27pm
Quoting Bflyfx
{quote} its ok, u prolly dont understand anything about this shit dont worry,you are not alone
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  • #850,182
  • Jan 8, 2025 2:42pm Jan 8, 2025 2:42pm
Quoting OnlineAddict
{quote} Its a buy for possibly 1000 pips. There will be no more major drop, 1.23xx is THE buy.
You seem 100% sure of yourself, even more so than the last time you made a call in here.
Can we quote you on this?
A good bounce off daily and weekly support here is good, but are you serious about a possible 1000 pips??
I'm thinking around 200 at the most.
A strong break of 2410 could mean 2525.
Compulsions can be hard to resist
  • #850,183
  • Jan 8, 2025 2:50pm Jan 8, 2025 2:50pm
In volatility there is opportunity they say.
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  • #850,184
  • Jan 8, 2025 3:11pm Jan 8, 2025 3:11pm
Cable; There was a strong reaction again with the second bottom in the monthly resistance area. There is a clear triangle squeezing upwards in the hourly period. It seems that the monthly support area has been liquidated. I think the direction is up and the first target of the price is 1.2440 - 1.2470.
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  • #850,185
  • Jan 8, 2025 4:20pm Jan 8, 2025 4:20pm
Quoting Bflyfx
{quote} I will be the first to give you the news you are going to lose money dude
Yeah! same feeling here.....

What's your take on GU, next high probability point to Short or long ?
Market Structure is the King.....
  • #850,186
  • Jan 8, 2025 4:34pm Jan 8, 2025 4:34pm
USD looks to be going down to 108.36 area.
If we get there, I'll be watching for bullish signs to short cable again
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Compulsions can be hard to resist
  • #850,187
  • Jan 8, 2025 4:57pm Jan 8, 2025 4:57pm
Quoting OnlineAddict
{quote} Its a buy for possibly 1000 pips. There will be no more major drop, 1.23xx is THE buy.
Did you buy at 1.23333?
  • #850,188
  • Jan 8, 2025 5:07pm Jan 8, 2025 5:07pm
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  • #850,189
  • Jan 8, 2025 6:27pm Jan 8, 2025 6:27pm
Quoting trumps
{quote} You seem 100% sure of yourself, even more so than the last time you made a call in here. Can we quote you on this? A good bounce off daily and weekly support here is good, but are you serious about a possible 1000 pips?? I'm thinking around 200 at the most. A strong break of 2410 could mean 2525.
no it wont breakout 1000 pips. there is a reason UK yields are up so much since 2008. UK has been basically kicking the can for. many years when it comes to growth and employment.
  • #850,190
  • Jan 8, 2025 6:41pm Jan 8, 2025 6:41pm
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Exited my long here NOW , at loss.......

  • #850,191
  • Jan 8, 2025 6:44pm Jan 8, 2025 6:44pm
good morning all here. looks a good day for shorts but I will grab some longs when it permits
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  • #850,192
  • Jan 8, 2025 9:54pm Jan 8, 2025 9:54pm
Quoting Abeylyn
{quote} Yeah! same feeling here..... What's your take on GU, next high probability point to Short or long ?
I'm not saying long GBP.. But this may be a good short
1.2435/47 area. tp on the chart 2344 ish.. Possible 100 pip run..
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those who can, do. those who cant, talk about those who can
  • #850,193
  • Jan 8, 2025 10:14pm Jan 8, 2025 10:14pm
JMO, Short GJ too.
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  • #850,194
  • Jan 8, 2025 10:23pm Jan 8, 2025 10:23pm
GBP can get some support 2331.. that a b/o point.. No breakout means a possible bounce.
I would need this to rise for that short trade posted..
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those who can, do. those who cant, talk about those who can
  • #850,195
  • Jan 8, 2025 10:34pm Jan 8, 2025 10:34pm
How often do breakouts fail? I dont know. But lets say its 50/50.. The bounce off the failed b/o should be larger. That leaves a 50% chance of getting a larger move opposite. I think b/o fail more than 50% but cant prove it.
https://www.elitetrader.com/et/threa...akouts.330283/
add in some adr, or opposite of trend direction (trading in the trend direction can help).. And you may get a winning formula.
those who can, do. those who cant, talk about those who can
  • #850,196
  • Jan 8, 2025 11:18pm Jan 8, 2025 11:18pm
Quoting thevisitor
{quote} maybe they realized that this is a crap forum?
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  • #850,197
  • Jan 8, 2025 11:32pm Jan 8, 2025 11:32pm
Strong bear remain intact over 2300 still and weekly likely breaks down ! Watching for it , take care
Anyway if breaks and hold 2300 next support goes 2208, in-between may try bounce again ! Let's see step by step at this demand area!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #850,198
  • Jan 8, 2025 11:38pm Jan 8, 2025 11:38pm
Pls I am new into the trading world and I am willing to know more. Is there anyone here that can help me understand to trade with the news?
You can be wrong half of the time and still make a fortune
  • #850,199
  • Jan 8, 2025 11:51pm Jan 8, 2025 11:51pm
Not sure this "selling at the basement" strategy I've been hearing a lot about is going to work this time around, but giving it a shot...
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Compulsions can be hard to resist
  • #850,200
  • Jan 9, 2025 12:02am Jan 9, 2025 12:02am
Quoting trumps
Not sure this "selling at the basement" strategy I've been hearing a lot about is going to work this time around, but giving it a shot... {image}
Same view
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