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Cable Update (GBPUSD)

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  • Post #658,141
  • Quote
  • May 5, 2022 11:26am May 5, 2022 11:26am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 3,363 Posts | Online Now
Not good but No sell for me at this level, light another buy
People don't plan to lose. They lose because they don't plan.
 
2
  • Post #658,142
  • Quote
  • May 5, 2022 11:27am May 5, 2022 11:27am
  •  chess king
  • Joined Jun 2011 | Status: the risk is the unknown | 2,113 Posts
Wow today 300 pips down
 
1
  • Post #658,143
  • Quote
  • May 5, 2022 11:27am May 5, 2022 11:27am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,749 Posts | Online Now
Quoting ScalaFX
Disliked
Not good but No sell for me at this level, light another buy
Ignored
Take it easy oo... lol...
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
 
  • Post #658,144
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  • May 5, 2022 11:28am May 5, 2022 11:28am
  •  amoremia
  • Joined Jul 2015 | Status: Member | 85 Posts
a hard sell likes this, it deserves atleast tommorow 25% rettracement later hope so.
end of the month, u r already a winner
 
 
  • Post #658,145
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  • May 5, 2022 11:28am May 5, 2022 11:28am
  •  elbert3
  • Joined Dec 2013 | Status: Member | 19,219 Posts | Online Now
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  • Post #658,146
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  • May 5, 2022 11:29am May 5, 2022 11:29am
  •  TooSlow
  • Joined Mar 2012 | Status: Trader | 12,005 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) 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.
Ignored
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
 
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  • Post #658,147
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  • May 5, 2022 11:29am May 5, 2022 11:29am
  •  gjgriff
  • | Joined Aug 2021 | Status: Member | 37 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) 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.
Ignored
Can you elaborate on your reasoning George? Are you using annual ranges?
 
 
  • Post #658,148
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  • May 5, 2022 11:30am May 5, 2022 11:30am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,749 Posts | Online Now
I think NFP HAS BEEN TRADED! NFP tomorrow will be dull.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #658,149
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  • May 5, 2022 11:36am May 5, 2022 11:36am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 9,365 Posts | Online Now
Quoting Whale
Disliked
{quote} Im out +9 Limit long 1.2358
Ignored
Tp. 1.2425

38.2% of the last swing low aka wave 3
as long we saw the low today
Inglorious scalper
 
1
  • Post #658,150
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  • May 5, 2022 11:38am May 5, 2022 11:38am
  •  GUTrader2002
  • | Joined May 2022 | Status: Member | 11 Posts | Online Now
Buy now??
 
 
  • Post #658,151
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  • May 5, 2022 11:39am May 5, 2022 11:39am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,003 Posts
Also local Uk elections today. Not as big as general but still a defeat for the Tory’s could push the pound further down
 
 
  • Post #658,152
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  • May 5, 2022 11:40am May 5, 2022 11:40am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
Longing gold at 1875
 
1
  • Post #658,153
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  • May 5, 2022 11:42am May 5, 2022 11:42am
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,450 Posts
Quoting mtako
Disliked
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
Ignored
All my >2370 positions are at BE at last ! By last MAIN, I was talking about my
Quoting mtako
Disliked
8H momentum in trend trigger close, sell limit 2632 SL100
Ignored
and with this last 8H low break, SL moved at BE earlier than expected; see CHART to illustrate this live share along with my first MAIN position(they both work hand in hand!), which is
Quoting mtako
Disliked
{quote} Lost that one with the 1H BO of >3030(-39), now finally selling again Sold 3112.
Ignored
dynamic SL now at 2650

After battling, taking small wins, losing big and small, getting a million BEs, I am happy to have 13 surviving healthy shorts still for the longer-term, just in case. All my other surviving live shared shorts like
Quoting mtako
Disliked
{quote} I am so very happy to have been taken out so early -25. Now I wait for 1H bear, the low -1 of which I will sell with TP high +1 whatever high is made from now till then, and I will do this even if it only happens in a decade !
Ignored
which entry was 2604. And
Quoting mtako
Disliked
...Sell stop 2539 2519, 2495, 2472, 2455...
Ignored
, which I was 20 to 60pips away from losing, all have now their SL at BE also. These are a set of aggressive selling I have had in previous longer-term pullbacks also, but this time I took the time to share. What another crazy day! Nice to be here with you all...Back to spring cleaning time !

Done for day, and even maybe for the month, if this goes well. Dreaming of prolonging my hibernation folks , probably throughout the summer. And I am not kidding at all this time. If this move pursues, I'll just do just that.

Cheers everyone, take good care , as we never know when we won't be able to do what we love and be with who we love. My tonight prayers are especially with you and your loved ones dear StJoeForex .
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If I don't mention SL and TP = longer-term setup possibly in the works!
 
5
  • Post #658,154
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  • May 5, 2022 11:48am May 5, 2022 11:48am
  •  Houtbay
  • Joined Nov 2020 | Status: Member | 4,213 Posts
1875 gold support/resistance
 
 
  • Post #658,155
  • Quote
  • May 5, 2022 11:48am May 5, 2022 11:48am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 9,365 Posts | Online Now
Liquidity above 1.2412
price will visit there today probably.

Adr Almost 300, cool.
Inglorious scalper
 
2
  • Post #658,156
  • Quote
  • May 5, 2022 11:48am May 5, 2022 11:48am
  •  JereMi256
  • Joined Nov 2021 | Status: Revising strategy | 1,029 Posts
Quoting ScalaFX
Disliked
Not good but No sell for me at this level, light another buy
Ignored
These recent market moves seem to be staging a war between fundemental and technical analysis.

Today's fall looks totally uncalled for, only one reason makes sense to me now, institutions are setting a certain price we don't know. Tomorrow is the last hope for bulls.
I like your team spirit, hope your bulls don't run out of curd to chew on, I WOULDN'T ADD ON ANY BUYS AT THIS POINT until tomorrow LO.

Best wishes,
+256
Face 'ur fear & Tame 'ur greed
 
1
  • Post #658,157
  • Quote
  • May 5, 2022 11:51am May 5, 2022 11:51am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 3,363 Posts | Online Now
Quoting JereMi256
Disliked
{quote} These recent market moves seem to be staging a war between fundemental and technical analysis. Today's fall looks totally uncalled for, only one reason makes sense to me now, institutions are setting a certain price we don't know. Tomorrow is the last hope for bulls. I like your team spirit, hope your bulls don't run out of curd to chew on, I WOULDN'T ADD ON ANY BUYS AT THIS POINT until tomorrow LO. Best wishes, +256
Ignored
Thanks mate! Yeah! Probably all this move will be coreccted like yesterdays, many pips to you! Cheers!
People don't plan to lose. They lose because they don't plan.
 
1
  • Post #658,158
  • Quote
  • May 5, 2022 11:54am May 5, 2022 11:54am
  •  Polimini
  • | Joined Mar 2022 | Status: Member | 498 Posts
Quoting JereMi256
Disliked
{quote} These recent market moves seem to be staging a war between fundemental and technical analysis. Today's fall looks totally uncalled for, only one reason makes sense to me now, institutions are setting a certain price we don't know. Tomorrow is the last hope for bulls. I like your team spirit, hope your bulls don't run out of curd to chew on, I WOULDN'T ADD ON ANY BUYS AT THIS POINT until tomorrow LO. Best wishes, +256
Ignored
Both BoE and Powell put the interest rates at the same level and both announced no further plans for more drastic measures, between the 2 the money is going for the US debt, so buy dollars, that's why the US is going up and continue the crush all the other currencies. My view anyway.
 
1
  • Post #658,159
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  • May 5, 2022 11:58am May 5, 2022 11:58am
  •  Learner-xx
  • Joined Nov 2021 | Status: Member | 137 Posts
Quoting Learner-xx
Disliked
When I was introduced to trading, I was told the news are used by market makers to accomplish their goals. I was told to stay clear of RED News releases, At least an hour before the news get released, and then I can trade again an Hour after the RED rnews. Took my morning trades off and now waiting to see if GU will offer a retracement back into the range during the US session. GBP keeps making higher peaks and usually, when a peak is formed, price will continue to trade away from that peak. What you saw yesterday during the news was that Market...
Ignored
Managed to add a few dollars on the retracement. Missed GBPNZD and abstained from GU itself. I have a fear of trading the majors, they always misbehave As you can see, USD is pulling it down. Time for bed now. We will see what comes tomorrow. Green pips to all. If today was a bad day, wait for tomorrow for something better to catch once again
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Confused right now!!
 
9
  • Post #658,160
  • Quote
  • May 5, 2022 12:00pm May 5, 2022 12:00pm
  •  q_import
  • Joined Oct 2010 | Status: retired | 1,588 Posts
I see you have been cleaning up EUR and GBP Looked @ your fxbook
I wish you would have come over to the cross-side.
JPY crosses just activated
 
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