Cable Update (GBPUSD)

...price just dipped below last mth's 2575 hi @ the current dly lo, ...will it stay above it on this last trading day of this mth?

dly below

Exited my longs here now at BE. . . . .Watching now.

...re pivots: price opened below the new Dly pivot and is still below it. It is below the Wkly pivot again (3rd time this week,) and below the Yrly pivot where it has been all year so far after opening the year below it, but still well above the Mthly pivot.

Bigger week re 13wk awr this week so far than last @ 61%, but still a restricted pip range so far on this last trading day of week. Without a break of the current mthly hi or lo price will close the mth having traveled 94% of 6mth amr.

Down down and below

...23.6% of the total fall so far 2716-2573 @ the current p/back hi off the 2573 current dly lo...bottom of a prev 1hr/4hr/minor dly sw lo zone = pot sbr, and bottom of a prev 1hr sw hi zone = pot res, which was 1st test of it. Gmt+2 price feed 4hr just closed as a bullish engulf.

1hr below

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nice call bro! Like a sniper)
Are you waiting further uptrend from here (189.30)?

I got bored earlier and switched to long at 18960 and then it dropped! But still long target is now above yesterday’s high. Being a Friday we see both bulls and bears usually having fun. So far GJ has traveled 200 pips!

...so the buyers come back in again on the 5min bullish hidden div (even though no next higher t/f uptrend, ie 30min {+,}) it was a potential pt.5 of a 15/30min exp tri - for those that look for such things. Also, there was a good chance of an upside follow-thru on that last 4hr close mentioned in my post above.

I've marked the 15min/30min exp tri points on the 5min chart below.

5min below

Crooky mf
14 pts of false break
Come on mister goldi

...still supply in that prev 30min sw hi zone = pot res - this a 2nd test of the prev 1hr/4hr/minor dly sw lo zone = prev sbr = pot sbr ...this zone could become a prev 1hr sw hi zone depending on 1hr close in a few mins. Bears haven't given up yet!

1hr below

Will leave this long GJ running till COB if it’s still under. If however we get to 19020 before that could be me done for the day..

CABLE

Not a signal but guessing only.
If got luck, got honey
If no luck loose money

...there was a post recently here from someone that had lost his first couple of trades following Moty despite the fact Moty posts many many winning trades. As Moty himself alluded to in a reply, the guy didn't understand his 'edge/style of trading' re stops etc so was destined to lose. Also, and I am sure Moty's is the same, most profitable edge's produce a net gain over a sample size of trades not over a cherry-picked 2 or 3, (provided you adhere to their rules,) so that guy would have had to trade every entry and exit Moty made over such a sample, and manage each trade in the same way. Furthermore, a threaded forum is not the most efficient way to post real-time trades as there is a delay in readers refreshing their browser, and even before that a delay in the poster posting the details of the trade, after he has placed his trade/stop/tp. Probably wouldn't matter as much on long-term positions but for the lower t/f intraday scalpers+ it can be critical. WaveskierRob gave the best advice - in a subsequent post in relation to this - don't follow anyone here! Moreover anyone suggesting that traders who don't post their trades here because they are '...scared to...' is talking out of their arse. Personally, if I were going to give trading signals I wouldn't do it via a threaded forum for the reasons given above, and I would charge for them. Just to be clear though, I never have, and have no future intention to do so - ever.

Hi. Lol, it's a feasible scenario...one of many though.
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1hr below

I closed Gold $20 early, but just wanted to check if I got the projection right

Now maybe GJ shorting …