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Cable Update (GBPUSD)

  • #657,561
  • Apr 28, 2022 6:39pm Apr 28, 2022 6:39pm
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yes yes yes
  • #657,562
  • Apr 28, 2022 7:34pm Apr 28, 2022 7:34pm
Quoting Moty
{image}
unlikely to close above 2507/2497 today.

IMO
Intraday only.
  • #657,563
  • Apr 28, 2022 10:11pm Apr 28, 2022 10:11pm
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yes yes yes
  • #657,564
  • Apr 28, 2022 10:13pm Apr 28, 2022 10:13pm
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Good morning just woke to the 61.8 fib level after my call yesterday on the 161 fib . Had some excellent trades and for those who took any notice of my trading strategy you would of found yourself winning a few or in my case a lot of pounds . So last nights target was hit yet again
  • #657,565
  • Apr 28, 2022 10:20pm Apr 28, 2022 10:20pm
Quoting fxmasterdxb
{quote} Will keep adding on every retrace all the way to 1.2690 {image}
Adding more
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  • #657,566
  • Apr 28, 2022 10:24pm Apr 28, 2022 10:24pm
Quoting Headland
... Bearish dly candle close y/day. Last time there were 6, and 6+ bearish-bodied daily candles was in May 2019. Over-extended in terms of awr and amr so far this week/month and y/day's dly candle (gmt+3) although bearish bodied has a longer lower wick than upper wick, after pullback from the 2411 lo providing some relief for the bulls followingwas terrible U.s GDP and further inflation data. Signs of a further upside pullback Friday -or- are the bears going for another leg down? 30day adr is now up to 97. {image}
Morning as just posted on 61% now . Extension was 2618 if I remember from yesterday. But just woke and need to recheck on my pc . Any short move was 2380 is and 2250 . Let’s se what happens . Looking at my 5 min chart if I were playing it over night I would of had 5 added trades and 1 loss on the way I trade so definitely buyers were in and still are upto now .. Regards E
  • #657,567
  • Apr 28, 2022 10:24pm Apr 28, 2022 10:24pm
Quoting fxmasterdxb
{quote} Adding more {image}
good trades
  • #657,568
  • Apr 28, 2022 10:29pm Apr 28, 2022 10:29pm
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carful her look left always . Tl attraction above .
  • #657,569
  • Apr 28, 2022 10:32pm Apr 28, 2022 10:32pm
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  • #657,570
  • Apr 28, 2022 10:35pm Apr 28, 2022 10:35pm
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Flipped to and short stop on top and long order added . Watch 2497 thoug and then I trade as per usual let’s see if bull or bear have changed
  • #657,571
  • Apr 28, 2022 10:46pm Apr 28, 2022 10:46pm
Quoting Georginson
{quote} Every trend that has a beginning must have an end. Asking someone to follow the trend might be right but what if the trend is being followed at the extreme end? Of course stop loss can be applied for short term solution but if the stop loss gets taken out and the trade eventually turn out to have a big win if the stop had not taken it out? Big IF right? What we should educate ourselves about are ✓how to identify breakouts in order to quickly follow the trend; ✓how to identify ranging price for easy scalping which happens 70%...
Hi Georginson, I really admire your analysis in this forum and it helped when I'm making decision during my trades. I really have high interest in your skills in trading, can you suggest some books to read? I had finished babypips but I think I need to learn more. Thank you!
  • #657,572
  • Apr 28, 2022 10:46pm Apr 28, 2022 10:46pm
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come to a stop . The ema has just caught up will it carry on bouncing up or turn over
  • #657,573
  • Apr 28, 2022 11:31pm Apr 28, 2022 11:31pm
Learnt yesterday not to trade in the evening since the market is far to slow. Today my back hurts.
  • #657,574
  • Apr 28, 2022 11:32pm Apr 28, 2022 11:32pm
I see the mistro is posting already
  • #657,575
  • Apr 28, 2022 11:34pm Apr 28, 2022 11:34pm
still running
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yes yes yes
  • #657,576
  • Apr 28, 2022 11:37pm Apr 28, 2022 11:37pm
Sell aktifated
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  • #657,577
  • Apr 28, 2022 11:45pm Apr 28, 2022 11:45pm
might be worth checking your gold out on 5 min not 100% sure thou
  • #657,578
  • Apr 28, 2022 11:51pm Apr 28, 2022 11:51pm
I see what is happening here. Every month end they take it up near the monthly pivot of the next month. It usually will not touch the new month's pivot and then dumps again. This time I will be very watchful. No buys until a full daily close above the new month's pivot.

The movers are using the Ukraine war as excuse to dump everything
  • #657,579
  • Apr 28, 2022 11:57pm Apr 28, 2022 11:57pm
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still hanging in we got a nice confirm lower out of the old tl and price told us that it can bears it as we see to the left so I would like to see it too that . Watch 2540 thou
  • #657,580
  • Apr 28, 2022 11:57pm Apr 28, 2022 11:57pm
Quoting fxmasterdxb
{quote} Adding more {image}
Nice Trading
Trade to trade another day
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