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Cable Update (GBPUSD)

  • #852,101
  • Jan 30, 2025 5:10am Jan 30, 2025 5:10am
Quoting Mitiblotch
Itchy fingers here. Feeling risky. Short 2442. TP 2380. I hope this doesn't come back to bite me. Don't follow. This trade is high risk.
After so many hours price is in one spot. I have just closed here at 2428 for +14 pips, as I don't want to sit with price in the middle of nowhere.
  • #852,102
  • Jan 30, 2025 5:17am Jan 30, 2025 5:17am
Just sold EU here at 0393. TP 0342. Another risky trade.
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  • #852,103
  • Jan 30, 2025 5:28am Jan 30, 2025 5:28am
...current dly lo @/around the 50% of y/day's lo - current dly hi move.

1hr below
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Trader with an Edge.
  • #852,104
  • Jan 30, 2025 5:31am Jan 30, 2025 5:31am
Quoting BigNumbers
Yesterday I was not watching GU, I was carried away with CADCHF There was a setup yesterday.. {image}

officially long on GU now!
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  • #852,105
  • Jan 30, 2025 5:35am Jan 30, 2025 5:35am
Quoting BigNumbers
{quote} If you have develop a system over the years, You'll start seeing similarities in your chart analysis CADCHF is going well {image}

After analysis we earn right but not that simple
CADCHF pay me my money!
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  • #852,106
  • Jan 30, 2025 5:40am Jan 30, 2025 5:40am
Come on mister mf
Yesterday you went against me with long
Today you going short
Fuck you mf
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yes yes yes
  • #852,107
  • Jan 30, 2025 5:49am Jan 30, 2025 5:49am
...so 3 x 1hr attempts to get north of y/day's hi now, - might be good potential rbs if price does break upside of it, and pulls back to it? Bulls gotta get thru the more immediate 1hr pot sbr and 30min pot sbr first! Intraday so far the bears just about have it, but it's close, could ultimately go either way?

1hr below
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Trader with an Edge.
  • #852,108
  • Jan 30, 2025 6:44am Jan 30, 2025 6:44am
USDJPY Short
Finally a Breakout DN? Light blue is H4 Candle
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  • #852,109
  • Jan 30, 2025 6:47am Jan 30, 2025 6:47am
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yes yes yes
  • #852,110
  • Jan 30, 2025 6:59am Jan 30, 2025 6:59am
Quoting Mitiblotch
{quote} After so many hours price is in one spot. I have just closed here at 2428 for +14 pips, as I don't want to sit with price in the middle of nowhere.
That act is much more professional unlike me prepared to take loss @ 1.2420.

However if yesterday's low is broken to the downside, I will need to review my strategy again.

It's a very dynamic scenario.
Market Structure is the King.....
  • #852,111
  • Jan 30, 2025 7:03am Jan 30, 2025 7:03am
Quoting Headland
...speaking of hidden div (which I was in post above,) there is an historically weaker opposing bearish hidden div on dly t/f @ 2523/24 current wkly hi which may stay valid whilst below 2575-current mthly hi, on any higher upside move. Given last wk's wkly candle, as discussed in a post earlier today, would you have to favour the upside generally? dly below {image}
Most technicians are on same page. The only controversy is whether price will break yesterday's low to the downside to test 1.2342/50 zone before continuity in Bull run...

Anyhow, trade management is key.
Market Structure is the King.....
  • #852,112
  • Jan 30, 2025 7:05am Jan 30, 2025 7:05am
Quoting Georginson
{quote} Yes it has been super boring this week so far but i suspect the price is almost set for a huge volatility again, considering we are in the last two trade days of the month and there has been no January (since 2010 - 2024) that has produced 476 pips range, it's either 300+ pips or 560+ pips. My bias is bullish to 1.26 as far as we sit above 1.2400.
Not as boring as in 2024 with 200 pips
Well, it's a distribution - can be anywhere..
You're right. Btw, there is a dip at 450-500 bin across all months.
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Air force
  • #852,113
  • Jan 30, 2025 7:07am Jan 30, 2025 7:07am
Ty mister goldi
2782 it's the adr high
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yes yes yes
  • #852,114
  • Jan 30, 2025 7:09am Jan 30, 2025 7:09am
Quoting Abeylyn
{quote} That act is much more professional unlike me prepared to take loss @ 1.2420. However if yesterday's low is broken to the downside, I will need to review my strategy again. It's a very dynamic scenario.
I still expect it to break to 2380 at least. But I don't want to to risk it.
  • #852,115
  • Jan 30, 2025 7:16am Jan 30, 2025 7:16am
Took long eu
It could drop 70 pips from here
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yes yes yes
  • #852,116
  • Jan 30, 2025 7:17am Jan 30, 2025 7:17am
bought at 2446 now i'm down -$38 is there any chance of price revisiting my entry or should i close -15%
Consistency isn't Glamorous But That's How Legends are Made
  • #852,117
  • Jan 30, 2025 7:26am Jan 30, 2025 7:26am
Quoting JeremiaDa
bought at 2446 now i'm down -$38 is there any chance of price revisiting my entry or should i close -15%
no don’t close. Its a good trade
My telegram: https://t.me/avidforex
  • #852,118
  • Jan 30, 2025 7:26am Jan 30, 2025 7:26am
still looking for light volatility to push price below 1.24 US data could be the catalyst, also end of month profit taking for fund managers can not be forgotten but....... "the catalyst is inconsequential" still holding GU GTC limit buy order @ 1.2377 and holding longs from 1.2165 and 1.2245. patience is a key component of trading, daily bars, small positions, and laddering into trends. good luck today
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"The Rich Never Pay Retail"
  • #852,119
  • Jan 30, 2025 7:28am Jan 30, 2025 7:28am
We are doing BigNumbers as the name implies.
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  • #852,120
  • Jan 30, 2025 7:32am Jan 30, 2025 7:32am
Quoting BigNumbers
{quote} no don’t close. Its a good trade
okay i just got scared
Consistency isn't Glamorous But That's How Legends are Made
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