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Cable Update (GBPUSD)

  • #656,261
  • Apr 14, 2022 9:24am Apr 14, 2022 9:24am
ATR indicator is now down, i dont think it will return to the price earlier, eur 1.6k point down gbp 1k point, the retrace made right now is obviosly the end of today trading
end of the month, u r already a winner
  • #656,262
  • Apr 14, 2022 9:58am Apr 14, 2022 9:58am
Quoting Wavegarrick
{quote} Classical swing buy set up in the making from a 4hr point of view as per my system. Buy trades are in. Trade safe. {image}
Hello Leon, price did return to monthly open of 1.3133 after 160 pips fall to 1.2973...

From price behavior perspective, should price return to open price after 160 pips or more fall, it can only mean bulls are back and can easily take price above the monthly open by 300+ pips (1.3430).

Now the conflict is price dropping below 1.3050 which also opens debate that the move to 1.3147 may have been a corrective move for further fall below 1.2973 which will open 1.2920 - 1.2860 zones.

Now I will watch 1.3000 and 1.3100 as key zones. ✓Below 1.3000 will make 1.2860 immediate downside target this April.
✓ Above 1.3100 will make 1.3430 immediate upside target this April.

Also noteworthy that only a touch of 1.2795 will invalidate 1.3400 This April.

My April Forecast of 1.2950 ^ 1.3400 is still playing out valid as it stands.

Patience will do the job here. Fingers crossed.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #656,263
  • Apr 14, 2022 10:01am Apr 14, 2022 10:01am
Quoting mysterio
{quote} Yeah-- it gave a good opportunity to get in during the drop too. I'm long now to take these daily highs Clear buy {image}
Had waited for that drop but got busy and missed it. Will wait to buy still having a lot to do. Will look at London open tomorrow.
  • #656,264
  • Apr 14, 2022 10:02am Apr 14, 2022 10:02am
I think it will drop more yet.

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Together we can be strongest
Vantage Return This Month: na
  • #656,265
  • Apr 14, 2022 10:08am Apr 14, 2022 10:08am
Quoting palpite
Resistence = 1.33 Let's see if the price go there. {image}
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Together we can be strongest
Vantage Return This Month: na
  • #656,266
  • Apr 14, 2022 10:15am Apr 14, 2022 10:15am
Quoting Georginson
{quote} Hello Leon, price did return to monthly open of 1.3133 after 160 pips fall to 1.2973... From price behavior perspective, should price return to open price after 160 pips or more fall, it can only mean bulls are back and can easily take price above the monthly open by 300+ pips (1.3430). Now the conflict is price dropping below 1.3050 which also opens debate that the move to 1.3147 may have been a corrective move for further fall below 1.2973 which will open 1.2920 - 1.2860 zones. Now I will watch 1.3000 and 1.3100 as key zones. ✓Below...
Thanks George,
Excellent analysis.
Cheers
Leon
Trade to trade another day
  • #656,267
  • Apr 14, 2022 10:26am Apr 14, 2022 10:26am
Gold long Tp 1978
  • #656,268
  • Apr 14, 2022 10:38am Apr 14, 2022 10:38am
Sleep set up is activated
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  • #656,269
  • Apr 14, 2022 10:44am Apr 14, 2022 10:44am
Quoting Waveskierrob
{quote} post like me ....soon you'll end up good looking like me
how do you know Chris isn't good looking?
  • #656,270
  • Apr 14, 2022 10:52am Apr 14, 2022 10:52am
Quoting Jolita
Trying my luck again, no risk no gain {image}
Really?? Typical.. Missed tp by 0.9 pip. Lowest ask price was 13034.2. Support was at 13020, I rounded up.

My broker is after me, many of my b/e trades were closed today.
  • #656,271
  • Apr 14, 2022 10:52am Apr 14, 2022 10:52am
Quoting Jolita
{quote} how do you know Chris isn't good looking?
I don't, I just guessed .....you know I'm the biggest gambler on this thread
  • #656,272
  • Apr 14, 2022 10:58am Apr 14, 2022 10:58am
Quoting Waveskierrob
BUY 1.3058 no sl no tp
BUY closed 1.3076 +18
  • #656,273
  • Apr 14, 2022 11:00am Apr 14, 2022 11:00am
Quoting stjoeforex
{quote} That's the problem...."Everytime" I set up a stop loss, it gets hit. I know I need to set up paramaters when trading... It's just I don't like to lose. Now that it's going up, I do have a trailing stop loss...

I know what you mean St Joe.
Same problem, I dont tolerate Sl, as market loves sweeping weak ones.
We have to learn to enter daily or previous day's highs and lows.
  • #656,274
  • Apr 14, 2022 11:04am Apr 14, 2022 11:04am
do we think another sell here 3076 ?????mmmm
  • #656,275
  • Apr 14, 2022 11:10am Apr 14, 2022 11:10am
+77 pippers banked ... 92 pips underwater @ 1.3078...nighty night all
  • #656,276
  • Apr 14, 2022 11:10am Apr 14, 2022 11:10am
it wil be safe close to 1.31 to enter sell, dxy still looking down
end of the month, u r already a winner
  • #656,277
  • Apr 14, 2022 11:11am Apr 14, 2022 11:11am
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yes yes yes
  • #656,278
  • Apr 14, 2022 12:08pm Apr 14, 2022 12:08pm
Eurgbp long tp 0.83100
  • #656,279
  • Apr 14, 2022 12:17pm Apr 14, 2022 12:17pm
Gbpusd sell tp 1.30600
  • #656,280
  • Apr 14, 2022 12:48pm Apr 14, 2022 12:48pm
Quoting mysterio
{quote} Yeah-- it gave a good opportunity to get in during the drop too. I'm long now to take these daily highs Clear buy {image}
hold overnight

last weekly candle high target
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