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Cable Update (GBPUSD)

  • #657,701
  • May 1, 2022 2:56pm May 1, 2022 2:56pm
Quoting T721
{quote} i have indis for adr and weekly if you need them. if your on telegram look for me and i will add you to my indi room
thanks, will look for you
  • #657,702
  • May 1, 2022 3:25pm May 1, 2022 3:25pm
GBPUSD price action on the daily time frame is making a bullish correction of a bearish swing. The longer-term technical structure favours bears, so any further bullish move would be temporary. A bullish retest of the 1.27490 broken-down horizontal support (blue), followed by a significant bearish rejection on a daily closing basis, would incentivize bears for a drive towards the 1.22600 horizontal support seen on the monthly time frame.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #657,703
  • May 1, 2022 5:28pm May 1, 2022 5:28pm
Quoting Houtbay
Elbert how long have you been trading and are you a full time trader?
Lol been here long time now . I trade for the chase . I have other full time care business but I don’t get involved only a agm meetings and no phones allowed lol . I have had a few confiscation over the years lol .. off the wife lol .made a few pounds over the years and lost a few on the way .. regards E
  • #657,704
  • May 1, 2022 7:00pm May 1, 2022 7:00pm
GJ LONG
ENTRY :163.375
SL 163.0678
TP: 164.436
PIPS: 110 Pips

UJ LONG
ENTRY :129.901
SL 129.622
TP: 130.716
PIPS: 80 Pips

Good Luck
My telegram: https://t.me/avidforex
  • #657,705
  • May 1, 2022 10:23pm May 1, 2022 10:23pm
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yes yes yes
  • #657,706
  • May 2, 2022 1:49am May 2, 2022 1:49am
Playing out so far
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  • #657,707
  • May 2, 2022 3:08am May 2, 2022 3:08am
danger zone above for bulls
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Compulsions can be hard to resist
  • #657,708
  • May 2, 2022 3:28am May 2, 2022 3:28am
First trade of the week/month

Pair ...GBP/USD
Bias.... Sell
RRR... 1 : 4.3
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  • #657,709
  • May 2, 2022 3:44am May 2, 2022 3:44am
Quoting bilal1947
{quote} Hi Jolita thanks, i marked these manually, however a free indicator is attached for quick reference. {file}
Good day Boss... Please, can we also have an mt5 version of this indicator?
  • #657,710
  • May 2, 2022 4:39am May 2, 2022 4:39am
Im out of my last week longs since market open today, waiting for the dust to settle to take a position
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  • #657,711
  • May 2, 2022 6:16am May 2, 2022 6:16am
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  • #657,712
  • May 2, 2022 6:40am May 2, 2022 6:40am
Quoting mysterio
{image}
Impressive Mysterio! Would you mind explaining OTE and how to identify it?
  • #657,713
  • May 2, 2022 6:57am May 2, 2022 6:57am
GBPUSD continuing from where we stopped last time:

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  • #657,714
  • Edited 7:33am May 2, 2022 7:22am | Edited 7:33am
Quoting mysterio
{image}
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note for m1 entries my stops go to BE after 10 pips. might get taken out here. will look for new entry if it happens
  • #657,715
  • May 2, 2022 7:23am May 2, 2022 7:23am
Quoting PiploEscobar
{quote} Impressive Mysterio! Would you mind explaining OTE and how to identify it?
yea wait til the session is over and I have a minute. Thanks !
  • #657,716
  • May 2, 2022 7:35am May 2, 2022 7:35am
Quoting mysterio
{quote} yea wait til the session is over and I have a minute. Thanks !
Thanks mate, greatly appreciated!
  • #657,717
  • May 2, 2022 7:57am May 2, 2022 7:57am
Quoting mysterio
{quote} {image} note for m1 entries my stops go to BE after 10 pips. might get taken out here. will look for new entry if it happens
alright, BE'd on this, thats the asia low gone--key level. again, i wait for buying PA
  • #657,718
  • May 2, 2022 8:04am May 2, 2022 8:04am
Quoting mysterio
{quote} Thanks this helps a lot-- I've been trying to puzzle out this issue for months. This is what I was looking for. Thank you bud Oh last question-- in terms of percentages. Is there any numbers to watch that people typically use ? When talking about ADR or AWR ?
Hi mate, just seen this, (not actually trading today re the bank Hol.) Re %'s - not really except when the 100%'s are breeched and of course the more 'extended' price gets beyond the 100%'s, particularly if also beyond the relevant R2/S2 of the t/f, then the more the chance of a 'meaningful' pullback. Others may see it/use it differently. Of course the adr is used for intraday trading and the awr/amr for longer-term trading. I wouldn't though be trying to time a 1min entry against an awr or amr 100%+ read solely....adr - yes that's more possible. I'd want to see longer t/f evidence of a possible pullback re an extended 100%+ read on awr/1mr, ie at least the 4hr (possibly timed on the 1hr.) I'm sure you get the picture.
Trader with an Edge.
  • #657,719
  • May 2, 2022 8:26am May 2, 2022 8:26am
Continuing from last image, price reached the 1st target completing an expansion leg lower (classic funnelling out action of master pattern) from the latest origin point (which is inside that main origin point):

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  • #657,720
  • May 2, 2022 8:26am May 2, 2022 8:26am
Like i suspected, the dx mf want to go for double top at 103.800
So tomorrow i will go all in eur long
yes yes yes
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