Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#658,181
May 5, 2022 3:46pm May 5, 2022 3:46pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,059 Posts

Quoting fxmasterdxb

Disliked

{quote} Agree with you, next potential stop for GU is 1.2205 to 1.2150

Ignored

I have been doing some further analysis, gu could drop tomorrow to 1.2050

I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively

#658,182
May 5, 2022 3:59pm May 5, 2022 3:59pm

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting fxmasterdxb

Disliked

{quote} I have been doing some further analysis, gu could drop tomorrow to 1.2050 I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively

Ignored

Which means you are planning another 300 pip drop tomorrow?

#658,183
May 5, 2022 4:11pm May 5, 2022 4:11pm

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting elbert3

Disliked

Morning anybody see 2240 ish 2045

Ignored

As above is it still on ??

#658,184
May 5, 2022 4:15pm May 5, 2022 4:15pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,059 Posts

Quoting Mitiblotch

Disliked

{quote} Which means you are planning another 300 pip drop tomorrow?

Ignored

Hahaha i wish if i can plan the pa movement, i would be a billioner now

Well im saying there’s a chance of 300 pips drop though im not selling, will be watching only
I have the following levels to monitor tomorrow:
1.2270, 1.2205, 1.2160 & 1.2050

#658,185
May 5, 2022 4:16pm May 5, 2022 4:16pm

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Anybodys spread just jump up more than normal at this time of night ??

#658,186
May 5, 2022 4:17pm May 5, 2022 4:17pm

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,059 Posts

Quoting elbert3

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{quote} As above is it still on ??

Ignored

I just mentioned 1.2050 in my previous post, would be awesome if pa touches this zone and reverses hard

#658,187
May 5, 2022 5:24pm May 5, 2022 5:24pm

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting fxmasterdxb

Disliked

{quote} I just mentioned 1.2050 in my previous post, would be awesome if pa touches this zone and reverses hard

Ignored

Yes I posted it last week . At this time out of most trades for some reason I am unsure tec is short as I posted to Fontu … let’s just go with it for now . Regards E over night trades on the posted numbers .. good night

#658,188
May 5, 2022 7:11pm May 5, 2022 7:11pm

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

to me, long first, above 2350.

my stop 2350.

Intraday only.

#658,189
May 5, 2022 7:12pm May 5, 2022 7:12pm

ninner
Joined Jul 2013 | Status: Trader | 2,917 Posts

jUST Got a signal to short

#658,190
Edited May 6, 2022 7:05pm May 5, 2022 8:40pm | Edited May 6, 2022 7:05pm

apin85
| Joined Dec 2019 | Status: Trader | 101 Posts

- end -

#658,191
May 5, 2022 8:47pm May 5, 2022 8:47pm

ninner
Joined Jul 2013 | Status: Trader | 2,917 Posts

Quoting apin85

Disliked

There are only 3 items one should learn in trading: 1. Support and Resistance, 2. Trendline, 3. Structure / TimeFrame. If one deviates from that, potentially will take longer route to understand the market. Support and Resistance without trendline is nothing, because one may think it will act as support but it actually against the trend and voila, ..., broken [hearted]. Huahuahua SnR and trendline alone is not enough, because many movements cannot be explained. See this in GU yesterday for H1, seems to people there are upward movement built {image}...

Ignored

Short is working great....broke that tl like a champ.

#658,192
May 5, 2022 10:46pm May 5, 2022 10:46pm

Pretense
Joined Aug 2010 | Status: Trader | 336 Posts

I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?

#658,193
May 5, 2022 11:07pm May 5, 2022 11:07pm

Whale
Joined Jun 2013 | Status: Trader | 14,544 Posts

Quoting Pretense

Disliked

I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?

Ignored

if your Money Management is good nothing is crazy.

#658,194
May 5, 2022 11:45pm May 5, 2022 11:45pm

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting Pretense

Disliked

I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?

Ignored

The normal thing is for it to break that top first before coming down. And that would mean much lower prices for GU. Someone mentioned 2050. But let's see how it goes. I kinda feel the bottom isn't in. In any case, money management is important.

#658,195
May 5, 2022 11:48pm May 5, 2022 11:48pm

lengendff
| Joined Jul 2020 | Status: Trader | 219 Posts

Quoting fxmasterdxb

Disliked

{quote} I have been doing some further analysis, gu could drop tomorrow to 1.2050 I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively

Ignored

Can go either way, who knows maybe 1.2600 later?

#658,196
May 6, 2022 12:11am May 6, 2022 12:11am

ScalaFX
Joined May 2021 | Status: Trader | 7,225 Posts

Hi all,
In my chart 1.225x can be real bottom in this year, I cant see 1.205x or even 1.215x but everything can happen, Im placed some more pendings there but this is all, my MM calling stop, no more buys

managed some with shorts but for me we are real close to bottom of this year, trade safe all!

People don't plan to lose. They lose because they don't plan.

#658,197
May 6, 2022 12:19am May 6, 2022 12:19am

Dr.Zain
Joined Sep 2008 | Status: Trader | 2,383 Posts

Quoting ScalaFX

Disliked

Hi all, In my chart 1.225x can be real bottom in this year, I cant see 1.205x or even 1.215x but everything can happen, Im placed some more pendings there but this is all, my MM calling stop, no more buys managed some with shorts but for me we are real close to bottom of this year, trade safe all!

Ignored

GBP/USD stays on the way to June 2020 low surrounding 1.2250 unless crossing the immediate hurdle, namely the weekly swing high close to 1.2640.

#658,198
May 6, 2022 12:46am May 6, 2022 12:46am

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,328 Posts