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Cable Update (GBPUSD)

  • #658,161
  • May 5, 2022 11:53am May 5, 2022 11:53am
Quoting JereMi256
{quote} True but short stop is relative, yours could be 20pips another persons' 5-10 pips. It all comes down to risk management, proper placement of positions and timing.
right, i prefer to lose 40 and not holding -300
  • #658,162
  • May 5, 2022 12:04pm May 5, 2022 12:04pm
Closed Gbpusd short and have gone long
  • #658,163
  • May 5, 2022 12:05pm May 5, 2022 12:05pm
so 1st target hit 2326 , next target 2250. take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,164
  • May 5, 2022 12:08pm May 5, 2022 12:08pm
Quoting mtako
{quote}All my >2370 positions are at BE at last ! By last MAIN, I was talking about my{quote} 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{quote} 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{quote}which entry was...
Oh, wow, colourful post only missing some tacos with guacamole

Good shot.
  • #658,165
  • May 5, 2022 12:20pm May 5, 2022 12:20pm
Quoting fontu
so 1st target hit 2326 , next target 2250. take care {image}
@fontu thanks for the chart, very helpful.

are you using fibonacci expansion (projection) for your waves measuring?
  • #658,166
  • May 5, 2022 12:34pm May 5, 2022 12:34pm
Quoting stjoeforex
Hey Everybody... On a personal note... I am writing to "you all" becasue i consider some of you as "friends" and good people. I have a need... For those of you who do; Can I ask for prayers for my wife? She is currently in the hospital. Has been there for a week. She is having trouble with the hemoglobins in her blood. They are supposed to be at a certain level to keep people healthy and stable, but hers keep going down. The "C" word has not been mentioned yet but it is on everyones mind... I don't mean to get very personal like this but where I...
sad to hear this, may the good Lord restored her health , be strong bro.
  • #658,167
  • May 5, 2022 12:40pm May 5, 2022 12:40pm
Quoting fontu
so 1st target hit 2326 , next target 2250. take care {image}
Yeah. Most likely 2250 comes tomorrow. Bloody moves!
  • #658,168
  • May 5, 2022 1:04pm May 5, 2022 1:04pm
Quoting fontu
so 1st target hit 2326 , next target 2250. take care {image}
It’s trying . We have on the 1 hour an inverted hammer . But it’s not respecting anything at this time
  • #658,169
  • May 5, 2022 1:13pm May 5, 2022 1:13pm
Quoting mtako
{quote} Perhaps! Sometimes it is the straw that breaks the camel's back isn't it. The enormous power down of the last hours could still just be ranging impulse like the last crazy upmove... the low getting properly broken after the long pause usually opens new doors in such trend, momentum and volatility. But a couple points below and reversal isn't enough ! P.S I would not buy under this !
Agree with you, next potential stop for GU is 1.2205 to 1.2150
  • #658,170
  • May 5, 2022 1:22pm May 5, 2022 1:22pm
Tomorrow all I ask for is daily pivot or near it for me to short to 2250 or lower.
  • #658,171
  • May 5, 2022 1:44pm May 5, 2022 1:44pm
Quoting Georginson
{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.

if we see 1.4 I gonna be very happy..Jesus..
I am suffering here..
  • #658,172
  • May 5, 2022 2:01pm May 5, 2022 2:01pm
another deposit gone with the wind
tomorrow i will take long again because dx will not pass 103.805
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 16 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 11 KB
yes yes yes
  • #658,173
  • May 5, 2022 2:19pm May 5, 2022 2:19pm
Quoting Whale
{quote} @fontu thanks for the chart, very helpful. are you using fibonacci expansion (projection) for your waves measuring?
Though most perfect but not using most times. Using pattern, Elliot wave and support resistances etc anything seems perfect, no hard and fast rules following. Such as.. Take care
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1651778139979.png Size: 85 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,174
  • May 5, 2022 2:24pm May 5, 2022 2:24pm
I was wrong yesterday, I did not pay enough attention to the lack of volume in what I labelled as tests, these were actually signs of weakness, the low volume suggesting an absence of interested buyers. After the failed bullish breakout (UTAD) it looks like what I thought was an accumulation event was actually an incomplete redistribution event. Now in phase E - which means a failed retest of the lower structure should confirm another bearish trend. We'll see. Trade safe everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: NoNoNo.png Size: 31 KB
  • #658,175
  • May 5, 2022 2:34pm May 5, 2022 2:34pm
Quoting elbert3
{quote} It’s trying . We have on the 1 hour an inverted hammer . But it’s not respecting anything at this time
Due very fast movement, Last leg down remain difficult to read even in m1 chart. So some doubt intact. Still pa can be like this for next leg down! Let's see what next!
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1651779008148.png Size: 72 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,176
  • May 5, 2022 2:40pm May 5, 2022 2:40pm
Quoting fontu
{quote} Due very fast movement, Last leg down remain difficult to read even in m1 chart. So some doubt intact. Still pa can be like this for next leg down! Let's see what next! {image}
looks like i am in look to 38% fib on this one 2418
  • #658,177
  • May 5, 2022 3:00pm May 5, 2022 3:00pm
Quoting Moty
another deposit gone with the wind tomorrow i will take long again because dx will not pass 103.805{image}{image}
dx already at 103.500
gu will close this week above 1.23808
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 11 KB
yes yes yes
  • #658,178
  • May 5, 2022 3:03pm May 5, 2022 3:03pm
Quoting elbert3
{quote} looks like i am in look to 38% fib on this one 2418
If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220506-000438.png Size: 60 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #658,179
  • May 5, 2022 3:14pm May 5, 2022 3:14pm
Quoting fontu
{quote} If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 44891368-DEC1-4789-83D4-EF3F97B51746.png Size: 98 KB
came off the old tl Nicely let’s just roll with it good job Fontu . We need to start our own currency office Regards E
  • #658,180
  • May 5, 2022 3:30pm May 5, 2022 3:30pm
Quoting fontu
{quote} If got good support and normal pa, bounce can be over the the leg started extension 2447! Otherwise 2412 top should hold! Again 2408 may act as limit too! {image}
Trying to roll over ema already on the 5 min not even at 23% yet might hedge back in short . Spot and long order on at 2367
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