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Cable Update (GBPUSD)

  • #658,321
  • May 6, 2022 10:08am May 6, 2022 10:08am
Quoting fxmasterdxb
Bulls have the upper hand, now looking for long entry
Im building longs to but all the time managing with shorts, I want one more push down, limit 1.2370 and maybe 1.2170-30 will be closing and adding last positions, many pips to you mate, Trade safe!
People don't plan to lose. They lose because they don't plan.
  • #658,322
  • May 6, 2022 10:10am May 6, 2022 10:10am
Quoting Whale
{quote} I don’t get what Is your suggestion
up up and away my friend
yes yes yes
  • #658,323
  • May 6, 2022 10:10am May 6, 2022 10:10am
Quoting thomi
{quote} {image}
salut!
  • #658,324
  • May 6, 2022 10:15am May 6, 2022 10:15am
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  • #658,325
  • May 6, 2022 10:16am May 6, 2022 10:16am
Quoting ScalaFX
{quote} Im building longs to but all the time managing with shorts, I want one more push down, limit 1.2370 and maybe 1.2170-30 will be closing and adding last positions, many pips to you mate, Trade safe!
Not sure if you can get your push down at this time of the day mate, i think the medium term low has been printed
  • #658,326
  • May 6, 2022 10:26am May 6, 2022 10:26am
Quoting fxmasterdxb
{quote} Not sure if you can get your push down at this time of the day mate, i think the medium term low has been printed
Yes today maybe but something missing, this push from low is to lite for me, im expecting something harder, mega volatility from the bottom, not today but maybe next week, cheers!
People don't plan to lose. They lose because they don't plan.
  • #658,327
  • May 6, 2022 10:29am May 6, 2022 10:29am
Quoting Whale
Patience {image}
Im expecting something like this from Whale, hard dump one more time and fast up, but where it stop I can only think 1.2170-30 or lower 1.2080-50
People don't plan to lose. They lose because they don't plan.
  • #658,328
  • May 6, 2022 10:37am May 6, 2022 10:37am
Quoting Mitiblotch
{quote} Waiting to add at 2322. If the QM works then it should bounce up from around that area. In any case, I think the day is done. Lowest possible is 2250, which I don't see happening today.
I'm flying... flying on eagles' wings... flying on eagles' wings.... flying on eagles' wings!
  • #658,329
  • May 6, 2022 10:45am May 6, 2022 10:45am
Quoting ScalaFX
{quote} Yes today maybe but something missing, this push from low is to lite for me, im expecting something harder, mega volatility from the bottom, not today but maybe next week, cheers!
Maybe im not sure, however, i think if price goes up hard today or early next week it will be difficult to push it for a new low
  • #658,330
  • May 6, 2022 10:47am May 6, 2022 10:47am
Quoting fxmasterdxb
{quote} Maybe im not sure, however, i think if price goes up hard today or early next week it will be difficult to push it for a new low
Exactly, must be ready for this, then im closing all managed shorts and will be adding only to 1.27, lets see what is in the cards! Trade safe!
People don't plan to lose. They lose because they don't plan.
  • #658,331
  • May 6, 2022 11:05am May 6, 2022 11:05am
Quoting ScalaFX
{quote} Exactly, must be ready for this, then im closing all managed shorts and will be adding only to 1.27, lets see what is in the cards! Trade safe!
For me this hour candle is decisive, if price fails to break through and close below or close to last hour candle then no more north and bears will attack
according to what i see, price will break up and i started to load longs with tight stops
  • #658,332
  • May 6, 2022 11:09am May 6, 2022 11:09am
USD the mater across all pairs
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Be a spectator, not a player
  • #658,333
  • May 6, 2022 11:12am May 6, 2022 11:12am
My take....
Attached Image (click to enlarge)
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If we close the day around 1.2300 today, expect to see a correction to 1.245x-1.249x next week and continue to its final decision of 1.218xx.
Good luck and good weekend.
Lost....
  • #658,334
  • May 6, 2022 11:27am May 6, 2022 11:27am
Well bar this morning that was crap . But still keep my eye on it . Not 100% sure if it’s trend change
  • #658,335
  • May 6, 2022 11:30am May 6, 2022 11:30am
Quoting elbert3
Well bar this morning that was crap . But still keep my eye on it . Not 100% sure if it’s trend change
Might be a happy ending ….todays end
  • #658,336
  • May 6, 2022 11:31am May 6, 2022 11:31am
Quoting ScalaFX
{quote} Im expecting something like this from Whale, hard dump one more time and fast up, but where it stop I can only think 1.2170-30 or lower 1.2080-50
Maybe, I’m not hunting lows and highs
first confirmation by LTF
  • #658,337
  • May 6, 2022 11:33am May 6, 2022 11:33am
It may keep forming the right shoulder of this IHS pattern and then go up on Monday or sometime next week. For now, I see no lower than today's low until 2440.
  • #658,338
  • May 6, 2022 12:00pm May 6, 2022 12:00pm
Quoting Learner-xx
Exited my GBPJPY and GBPUSD trades with small profits, I can't bear to see them come down to my entries seems to me the trades were in the Euro's and not the GBP's. How did I miss thisAnyways, I'll wait for the US session. The difficult thing about the London session for me is that, when it activates, the market has not yet been manipulated and during US, since the market had already been manipulated during London, the trades get easier. All the best to you all, i'm out
GBP's were not going anywhere today. But atleast we will have some money to enjoy some candy. Hope everyone had a good day. Hope the market craziness will settle on the following week after these rate hikes. Let us rest and wait for a new green pip week.
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Executing trades with precision!!
  • #658,339
  • May 6, 2022 12:01pm May 6, 2022 12:01pm
Quoting Wavegarrick
{quote} Hi Guys, We have had three days of slightly lower highs and lower lows, which indicates bearishness. Can I say that the downtrend is resuming? Absolutely not. Does Gu need a catalyst? Probably yes. Tomorrow is reversal Thursday, for me at least. We shall see. Swing trades will come with lots of uncertainty and I remain steadfast with lots of patience. If I get this wrong I will close my buy trades and move on. Trade safe, Cheers. {image}
I took a bit of a smack on the nose Folks. It shows, no matter what, (I,We) do get it wrong from time to time. I managed to close some long trades with small profits and am awaiting clearer signals. I do have my anchor short trade at 1.29492 which is carrying me. We are at levels that we could expect some sort of medium term retrace/reversal which never comes easy with lots of whipsaw. We could go down some more in the next few weeks. It is a mixed bag for me. I am cautious at this point.
Trade Safe,
Cheers
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Trade to trade another day
  • #658,340
  • May 6, 2022 12:13pm May 6, 2022 12:13pm
Looks like want to.close at 1.23550 area , like novk Said
My tp is at 1.23700
If it doesn't hit
I will close manually at 1.23550 , it will not go below that
yes yes yes
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