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Cable Update (GBPUSD)

  • #657,841
  • May 4, 2022 3:32am May 4, 2022 3:32am
The overall trend is down but pull back is a possibility in between . My bias is neutral now . I am not just comfortable going long on GU for now
With patience and discipline,you move beyond the sky
  • #657,842
  • May 4, 2022 3:38am May 4, 2022 3:38am
Quoting Mitiblotch
{quote} I a still holding on. Banked my shorts at 2478 this morning and held just the buys. Give me 2700 and I'll be glad!
Well i just cant see GU rising with US hiking interest rate, given the decision is today i expect gu to fall before the conference and probably after all the dust is settled down there will be a sharp pull back to 1.26 region, perhaps our 1.27 can be reached by end of this week or early next week
  • #657,843
  • May 4, 2022 3:44am May 4, 2022 3:44am
Those of you buying GU , manage your risks carefully . In fact you should risk small. I am not comfortable with buy of GU now . I see that short rally as an opportunity to sell at a good entry point .
With patience and discipline,you move beyond the sky
  • #657,844
  • May 4, 2022 3:46am May 4, 2022 3:46am
Quoting biodunola07
Those of you buying GU , manage your risks carefully . In fact you should risk small. I am not comfortable with buy of GU now . I see that short rally as an opportunity to sell at a good entry point .
I agree with you, until fomc is over
  • #657,845
  • May 4, 2022 3:55am May 4, 2022 3:55am
Quoting fxmasterdxb
Im out of my yesterdays longs, will wait for fomc dust to be settled to enter long again {image}
pro.
good decision
  • #657,846
  • May 4, 2022 4:06am May 4, 2022 4:06am
The market is damn quiet , so patience is a virtue here , remember the patient dog eats the fattest bones
With patience and discipline,you move beyond the sky
  • #657,847
  • May 4, 2022 4:07am May 4, 2022 4:07am
Quoting Whale
{quote} pro. good decision
Thanks mate!
im looking for shorts now, could be entering any moment now
  • #657,848
  • May 4, 2022 4:14am May 4, 2022 4:14am
FOMC OR ECB : ONLY MAKE THE PRICE RUNNING VERY QUICK.

( I don't care. )
Attached Image (click to enlarge)
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  • #657,849
  • May 4, 2022 4:18am May 4, 2022 4:18am
If 1.25xxx could not hold and the price comes down to 1.249xx, I will be loading more short and take profits at Daily support 1 @1.2454
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.JPG Size: 196 KB
With patience and discipline,you move beyond the sky
  • #657,850
  • May 4, 2022 4:19am May 4, 2022 4:19am
Quoting fxmasterdxb
{quote} Thanks mate! im looking for shorts now, could be entering any moment now
Yea me to.
i want it little higher, they will attract more buyers into this move.
i may wrong but for sure i will short after FOMC to 250
pips
  • #657,851
  • May 4, 2022 4:19am May 4, 2022 4:19am
1.2475 tested x3, Im holding buys to 1.27
People don't plan to lose. They lose because they don't plan.
  • #657,852
  • May 4, 2022 4:37am May 4, 2022 4:37am
Some people are so excited when talking about naked stuff.
So here is the nudist chart. HAHAHAHA

Dang ding, ding dang, ding dung, ...
Dang ding, ding dang, ding dung, ...
Dang ding, ding dang, ding dung

Attached Image (click to enlarge)
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  • #657,853
  • May 4, 2022 5:01am May 4, 2022 5:01am
Quoting Whale
{quote} Yea me to. i want it little higher, they will attract more buyers into this move. i may wrong but for sure i will short after FOMC to 250 pips
1.2530-40 is the ideal place to short but not sure if we’ll get there
  • #657,854
  • May 4, 2022 5:15am May 4, 2022 5:15am
Quoting ScalaFX
1.2475 tested x3, Im holding buys to 1.27
fomc might hit hard though. Although on the flip side BoE tomorrow that could send GU up again. Be careful
Insane in the Brain..
  • #657,855
  • May 4, 2022 5:24am May 4, 2022 5:24am
Quoting fxmasterdxb
{quote} Well i just cant see GU rising with US hiking interest rate, given the decision is today i expect gu to fall before the conference and probably after all the dust is settled down there will be a sharp pull back to 1.26 region, perhaps our 1.27 can be reached by end of this week or early next week
That's cool. BoE tomorrow. The Fed doesn't have a monopoly of "violence" hahahah
  • #657,856
  • May 4, 2022 5:29am May 4, 2022 5:29am
Gbpusd long tp 1.25800
  • #657,857
  • May 4, 2022 5:41am May 4, 2022 5:41am
Attached Image (click to enlarge)
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yes yes yes
  • #657,858
  • May 4, 2022 5:47am May 4, 2022 5:47am
Quoting ScalaFX
Loaded some longs at this 1.2475, SL 1.2440 TP 1.2700, lets see!
Placing SL at BE now for all longs, risk free now, lets see can get to 1.26 before fomc
People don't plan to lose. They lose because they don't plan.
  • #657,859
  • May 4, 2022 5:59am May 4, 2022 5:59am
Wykoff Method
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH1.png Size: 43 KB
Attached File(s)
File Type: ex4 PriceActionDetector3.ex4   105 KB | 308 downloads
  • #657,860
  • May 4, 2022 6:10am May 4, 2022 6:10am
Quoting eyefeelsix
{quote} you need ST in phase B if you want to get far to the north, and it hasn't happened yet
Agreed, I have sketched a potential accumulation scenario but not convinced yet.
Attached Image (click to enlarge)
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