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Cable Update (GBPUSD)

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  • Post #658,101
  • Quote
  • May 5, 2022 8:52am May 5, 2022 8:52am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,005 Posts
For my own shorts, I am not convinced till price breaks the low of this 8h to close in 10min. Only then can I place SL of my last MAIN position (one of many which had highest % of chance to make it = >volume = support buddy for all the other weeee shorts that could be taken in this good quality trend) at BE
If I don't mention SL and TP = longer-term setup possibly in the works!
 
2
  • Post #658,102
  • Quote
  • Edited 10:26am May 5, 2022 9:03am | Edited 10:26am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 19,217 Posts | Online Now
Quoting Houtbay
Disliked
Currently short gold 1898
Ignored
in now toooooo 1906 target 1800 note 1760
 
1
  • Post #658,103
  • Quote
  • Edited 9:39am May 5, 2022 9:09am | Edited 9:39am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,567 Posts
The sins of bears have been washed away by the blood and tears of the bulls. I added at 236x. At 239x I will be in net profit. What a dump! Forex will be so interesting if we get these double-edged moves everyday.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
3
  • Post #658,104
  • Quote
  • May 5, 2022 9:10am May 5, 2022 9:10am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,005 Posts
Quoting elbert3
Disliked
{quote} in now toooooo 1906 target 1800
Ignored
If this continues, could also be a decent GBPUSD target !
If I don't mention SL and TP = longer-term setup possibly in the works!
 
 
  • Post #658,105
  • Quote
  • May 5, 2022 9:13am May 5, 2022 9:13am
  •  Luxyus
  • | Joined Dec 2020 | Status: Member | 99 Posts
mmh the more i see this prices holding the more i m tempted to target monthly Ma50.. more than 600 pips arent so bad LOL
 
 
  • Post #658,106
  • Quote
  • May 5, 2022 9:16am May 5, 2022 9:16am
  •  Macd-rsi
  • Joined Oct 2019 | Status: Forexian Fighter = FF | 11,344 Posts
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Be yourself
 
 
  • Post #658,107
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  • May 5, 2022 9:26am May 5, 2022 9:26am
  •  navk
  • Joined Oct 2010 | Status: Trader | 15,736 Posts | Online Now
huge day after long time.
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Intraday only.
 
9
  • Post #658,108
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  • May 5, 2022 9:38am May 5, 2022 9:38am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,005 Posts
Sell stop 23722, 50SL. If bulls don't entertain this widened ranging heaven and attack >.2480 today, bears might just be getting started trending again and with some fresh and enhanced volatility!
If I don't mention SL and TP = longer-term setup possibly in the works!
 
2
  • Post #658,109
  • Quote
  • May 5, 2022 9:40am May 5, 2022 9:40am
  •  Luxyus
  • | Joined Dec 2020 | Status: Member | 99 Posts
Quoting mtako
Disliked
Sell stop 23722, 50SL. If bulls don't entertain this widened ranging heaven and attack >.2480 today, bears might just be getting started trending again and with some fresh and enhanced volatility!
Ignored
The way pound is recovering against swiss franc is encouraging me to add longs my friend
 
1
  • Post #658,110
  • Quote
  • May 5, 2022 9:43am May 5, 2022 9:43am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,567 Posts
This was about 290 pips dump from top to bottom on hot air! I can imagine selling 20 lots from 26xx and banking at 2370. And people are doing it. I hope to get to such trade size someday.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
3
  • Post #658,111
  • Quote
  • May 5, 2022 9:46am May 5, 2022 9:46am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,567 Posts
All longs closed at 2408 with net profit of $10. Now another long opened at 2403. Will add with any attack to 2360 today. I am enjoying it!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
3
  • Post #658,112
  • Quote
  • May 5, 2022 10:15am May 5, 2022 10:15am
  •  Luxyus
  • | Joined Dec 2020 | Status: Member | 99 Posts
second explorer in!
 
 
  • Post #658,113
  • Quote
  • May 5, 2022 10:15am May 5, 2022 10:15am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 8,959 Posts | Online Now
Im Long 1.2364

no sl for today, tp 1.2443
Keep it simple, stupid.
 
3
  • Post #658,114
  • Quote
  • May 5, 2022 10:18am May 5, 2022 10:18am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 8,959 Posts | Online Now
Quoting Mitiblotch
Disliked
All longs closed at 2408 with net profit of $10. Now another long opened at 2403. Will add with any attack to 2360 today. I am enjoying it!
Ignored
i hope everyone are enjoy, and if not, at least they have learnd a lesson that will make them joy in the future.
Keep it simple, stupid.
 
2
  • Post #658,115
  • Quote
  • May 5, 2022 10:22am May 5, 2022 10:22am
  •  Georginson
  • Joined Aug 2018 | Status: Veteran | 3,434 Posts
Quoting Luxyus
Disliked
{quote} Last time i ve seen my monthly RSI (fast) at this level was in Oct 2016. The only difference i see, a part the relative price, ( cable reached historical low of 1.1475) is in bears power, so even if i m looking for a considerable bounce from these levels it s not excluded a flash crash to 1.20.
Ignored
Historical low is 1.1414 in March 2020, though 1.1475 was the low registered in October 2016 (Flash Crash)

Due to this drop to 1.23, my year end forecast is for GBPUSD to attain 1.40 by or before end of December 2022.
Swing and Intraday
 
5
  • Post #658,116
  • Quote
  • May 5, 2022 10:23am May 5, 2022 10:23am
  •  stjoeforex
  • | Joined Apr 2020 | Status: Member | 281 Posts
Hey Everybody...
On a personal note... I am writing to "you all" becasue i consider some of you as "friends" and good people. I have a need... For those of you who do; Can I ask for prayers for my wife? She is currently in the hospital. Has been there for a week. She is having trouble with the hemoglobins in her blood. They are supposed to be at a certain level to keep people healthy and stable, but hers keep going down. The "C" word has not been mentioned yet but it is on everyones mind...

I don't mean to get very personal like this but where I live I do get kind of isolated. Please... Send prayers, positive thoughts, etc up to heaven. Thank you.

Have fun trading today & stay positive! (your trading also! )
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
 
27
  • Post #658,117
  • Quote
  • May 5, 2022 10:30am May 5, 2022 10:30am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,005 Posts
Entering Covid's ooo scary shadows! Bears need to bite right through it all, just like they did with .28s and .27s.
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If I don't mention SL and TP = longer-term setup possibly in the works!
 
1
  • Post #658,118
  • Quote
  • May 5, 2022 10:30am May 5, 2022 10:30am
  •  Luxyus
  • | Joined Dec 2020 | Status: Member | 99 Posts
ther s a very beautiful emerging bullish divergence on daily..have to see the close but it looks very promising to me
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  • Post #658,119
  • Quote
  • May 5, 2022 10:33am May 5, 2022 10:33am
  •  Luxyus
  • | Joined Dec 2020 | Status: Member | 99 Posts
Quoting Georginson
Disliked
{quote} Historical low is 1.1414 in March 2020, though 1.1475 was the low registered in October 2016 (Flash Crash)
Ignored
ye right, that was the double bottom on monthly before the (awesome) brexit bubble till 1.4245
 
1
  • Post #658,120
  • Quote
  • May 5, 2022 10:33am May 5, 2022 10:33am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,005 Posts
Quoting stjoeforex
Disliked
Hey Everybody... On a personal note... I am writing to "you all" becasue i consider some of you as "friends" and good people. I have a need... For those of you who do; Can I ask for prayers for my wife? She is currently in the hospital. Has been there for a week. She is having trouble with the hemoglobins in her blood. They are supposed to be at a certain level to keep people healthy and stable, but hers keep going down. The "C" word has not been mentioned yet but it is on everyones mind... I don't mean to get very personal like this but where I...
Ignored
Oh brother, you can count on me.
If I don't mention SL and TP = longer-term setup possibly in the works!
 
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