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Cable Update (GBPUSD)

  • #657,581
  • Apr 29, 2022 2:00am Apr 29, 2022 2:00am
Quoting thomi
a pris beaucoup de nzd/usd pour une petite correction {image}
monter s'arręter
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  • #657,582
  • Apr 29, 2022 2:01am Apr 29, 2022 2:01am
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  • #657,583
  • Apr 29, 2022 2:06am Apr 29, 2022 2:06am
Quoting elbert3
{image}
My original TP was 2573 but I checked out a but lower. There are equal tops.

On another note, I have found out that I am not a good trend trader. I prefer larges ranges. When trends extend too long I make some silly mistakes.
  • #657,584
  • Apr 29, 2022 2:10am Apr 29, 2022 2:10am
come on goldi
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yes yes yes
  • #657,585
  • Apr 29, 2022 2:10am Apr 29, 2022 2:10am
Quoting Mitiblotch
{quote} My original TP was 2573 but I checked out a but lower. There are equal tops. On another note, I have found out that I am not a good trend trader. I prefer larges ranges. When trends extend too long I make some silly mistakes.
hi you have been around for some time so you must be doing some things right Regards E
  • #657,586
  • Apr 29, 2022 2:17am Apr 29, 2022 2:17am
Could be hammer time here 4 pips off my 2540 ?????mmmm
  • #657,587
  • Apr 29, 2022 2:40am Apr 29, 2022 2:40am
Quoting OnlineAddict
Because we have all seen clear downtrends turn into clear uptrends and vice versa.
Quoting OnlineAddict
You "trend" guys always come too late into threads...most of the time it means trend is turning. I still remember the USDCAD bulls...buying at 1.45 and laughing at people who were selling...because you know...it was a strong uptrend.
Yeah, that was a good "signal"...good turnaround on GU so far, 160 pips, lets see where the day ends. Mostly, when certain people come to threads to laugh at others, why they don't trade with the trend, the trend is ending, history repeats itself.
Everyone can see the chart, but only a few can actually read it.
  • #657,588
  • Apr 29, 2022 2:41am Apr 29, 2022 2:41am
Quoting Wavegarrick
{quote} Nice Trading
Thanks
  • #657,589
  • Apr 29, 2022 2:42am Apr 29, 2022 2:42am
Quoting fxmasterdxb
{quote} Adding more {image}
I Tp”ed” the last three positions and will be reloading on retrace (which im expecting now)
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  • #657,590
  • Apr 29, 2022 2:56am Apr 29, 2022 2:56am
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Quoting fxmasterdxb
{quote} I Tp”ed” the last three positions and will be reloading on retrace (which im expecting now) {image}
Well done target two hit
  • #657,591
  • Apr 29, 2022 3:05am Apr 29, 2022 3:05am
G/M, relief for the longer-term bulls at last as day is already @ 131% 30day adr in the move up. Challenging prev 1hr x3/minor 4hr x 2 sw hi zone right now.

There is a 3 fib cluster @ 2688-2701 but it probably won't be bothered by price today (?)

1hr below
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Trader with an Edge.
  • #657,592
  • Apr 29, 2022 3:08am Apr 29, 2022 3:08am
Gold sold 1916 watch GU also now bear candle on 5 mins but could be retrace . Take no chances for me
  • #657,593
  • Apr 29, 2022 3:20am Apr 29, 2022 3:20am
Quoting Mitiblotch
{quote} My original TP was 2573 but I checked out a but lower. There are equal tops. On another note, I have found out that I am not a good trend trader. I prefer larges ranges. When trends extend too long I make some silly mistakes.
2570 already hit. I think today anything close to 2600 is a sell. NY should sell /range depending on where price is when they come online.
  • #657,594
  • Apr 29, 2022 3:47am Apr 29, 2022 3:47am
i bought GBPUSD
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  • #657,595
  • Apr 29, 2022 3:49am Apr 29, 2022 3:49am
confidence of GU buy setup so i took my all 100 $ risk and result is
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  • #657,596
  • Apr 29, 2022 4:18am Apr 29, 2022 4:18am
...136% of 30day adr traveled today so far in this 'meaty' pullback off y/day's 2411 lo. Price struggling @ y/day's hi area. There are more fibs in the area covered by the top 1/2 of chart below that are on my dly and wkly and not shown on that chart, but the 1st 3 fib cluster is as mentioned in post above.


4hr below
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Trader with an Edge.
  • #657,597
  • Apr 29, 2022 4:20am Apr 29, 2022 4:20am
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%...
That's now 162 pips bounce off the low of 1.2411... the expected bounce ought to be at least 680 pips but won't be in a straight line.

Now the big questions are
✓Have we bottomed at 1.2411?
✓Can 1.2358 - 1.2250 be ruled out after a clean break of strong support of 1.2475 was cleanly broken yesterday?

Failure of this bounce to break 1.2715 means price return to break 1.2358 - 1.2259 cannot be ruled out before final 1700 pips bounce to 1.41 will occur around December 2022...

Trade with utmost caution,
Cheers, George.
Data + Stat + Risk/Emotions Management
  • #657,598
  • Apr 29, 2022 4:26am Apr 29, 2022 4:26am
Well just looking at the divergence in the 2H i wouldn't be surprised if we hit 1.27000 today!
  • #657,599
  • Apr 29, 2022 4:35am Apr 29, 2022 4:35am
Still no sign from the bears
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yes yes yes
  • #657,600
  • Apr 29, 2022 4:37am Apr 29, 2022 4:37am
Quoting Teekay-fx
Well just looking at the divergence in the 2H i wouldn't be surprised if we hit 1.27000 today!
Anything can happen but unlikely re 30day adr and how we have traveled re that already today. Regular bullish div is on 4hr as well @ y/day 2411 lo.
Trader with an Edge.
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