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Cable Update (GBPUSD)

  • #659,001
  • May 14, 2022 12:27am May 14, 2022 12:27am
Quoting donfriday
{quote} Q2 gave about 1K pips which mean by the end of Q2 in June it will still remain a win for the bear Everyone count Quarterly the same not missing anything
I thought as much. Anyway, tomorrow makes it half of this quarter, and if there is anything possible, it is that this quarter can still be reversed completely or become a doji. So we cannot say bears won it. That's my original point.
  • #659,002
  • May 14, 2022 1:12am May 14, 2022 1:12am
Quoting donfriday
bears won Q1 and Q2 now i expect Q3 to retest Q2 low then up I am bullish in GU trade with SL
not sure that supply and demand of assets working like this.
This is sound like a boxing match.
  • #659,003
  • May 14, 2022 2:11am May 14, 2022 2:11am
no great but there are some differences from eu , more ranges up and down likely , more towards upside now . price may easily breaks over 2284, to even 2300 + , before tanking next . same baby camel patterns in action , here not respect limit already .take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #659,004
  • May 14, 2022 3:21am May 14, 2022 3:21am
The big guys are actually still shorting, in fact they increases their shorts and cutting out longs from previous week, I personally think that we are still in a downtrend and we could go lower than last week's low.

IMHO
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  • #659,005
  • May 14, 2022 3:43am May 14, 2022 3:43am
Quoting Whale
{quote} Thanks god you mention it. we didnt notice that. today or monday- GU will meet this horizontal line on 1.2336. The 50% precent of the Bearish OB and fvg {image}
The only scenario for next week
after that, I will look for Another short opportunity, bears didn’t finish the job ( yes it can fly much more, step by step wave by wave)
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  • #659,006
  • Edited 6:35am May 14, 2022 5:52am | Edited 6:35am
Quoting pipibrasci
Never mind guys, REVERSAL is near. USD living off on life support from JPY. Though i expect Levels for BUY Entries to be - 1.2090 - 1.2150. but seems it might just turn around from here. Risk Mgt very crucial. Chart pattern - 65% reversal success rate 35% Trend continuation success rate. USDGBP D1 - Trend on the very extreme. Price close to next resistance zone. USDGBP H4 - Watch out for Candlestick pattern (crucial) Courtesy - USDGBP Chart. {image} {image}
Whale,

Yea, agreed.. anything can happen in the fx markets. When we all expect to see it hit our "projected" zones/targets but instead it reverses from this point (1.2155). Reason why its always best to trade in the moment and "trade what you see"..

"Pullback" to 1.2380 - 1.2400 very likely.. and maybe continue upwards (not going below 1.2155).. who knows it might just have "reversed" from here..
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #659,007
  • Edited 6:26am May 14, 2022 6:01am | Edited 6:26am
Applied the MACD, MA 50 and Fib retracement tool on the DXY D1.

Divergences on the MACD & over shoot above the 50MA.

Mixed MACD divergence signals (Strong & Weak). what's most important to me is the momentum and blv it is strong in the overall.

My overall bias for the cable next week, BUY (scalp buys opportunities) until its confirmed trend has reversed.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #659,008
  • May 14, 2022 6:05am May 14, 2022 6:05am
Quoting Whale
{quote} The only scenario for next week after that, I will look for Another short opportunity, bears didn’t finish the job ( yes it can fly much more, step by step wave by wave) {image}
Yes the bear didn’t finish and also the bulls not happy with the current value


1.2750 is a perfect sell zone
MY OPINION NOT FINANCIAL ADVISE
  • #659,009
  • May 14, 2022 6:16am May 14, 2022 6:16am
It’s hard for me to write up on what I see from my chart


But to make it simple if the Q2 close above 1.25 then is possible to see 1.27 and 1.30 before another bearish

failure of Q2 to close above 1.25 open 1.20 in Q3 but never the less a touch of 1.20 in Q3 will offer a good swing level to buy and that will invalidate 1.35 and 1.40 this year


Then to buy and sell is valid than just 1 side cus we still have a space to cover before the new trend.

RSI is clearly oversold and they need to push price back to 80 value if the drop will start again failure if that mean the buying will be aggressive soon or later..patience will win

Trade with SL
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MY OPINION NOT FINANCIAL ADVISE
  • #659,010
  • Edited 8:14am May 14, 2022 6:18am | Edited 8:14am
Quoting pipibrasci
Applied the MACD, MA 50 and Fib retracement tool on the DXY D1. {image} {image}
FYI tradingview Macd is not good from my experience. Compare it to rsi or Other oscillator and you will see big differences.
but I do agree with you.
Although I will be very surprised if we will get a lot of bulls pips soon before the job of 1.196X will hit
but since I am not a prophet I will trade in small sections till the bottom
  • #659,011
  • May 14, 2022 7:15am May 14, 2022 7:15am
Yesterday I got proof that I do not need to have 1000 dollars in the account to reach my goals that it is a profit of 50-100 dollars per day,
the only thing that can happen is that I will lose 1000 dollars, because with low leverage i can close a loss because the loss is only only 20-30 dollars,
And not $ 100-200 and i say to myself i will stay because I'm already in big loss.
In general the original plan is to start from $ 250 in the account and every $ 100 profit withdraw them and start over,
and yesterday I started with $ 200, then I went up to 422 $ then pull out and stayed with 262 $
from there I went up to 380 then pull out and stayed with 262 $
stayed with 250 $ then I went up to 338 $ then pull out 100 $
In total I pulled in $ 390 yesterday and it was not a day with really strong traffic because there were no news or data
And in general the confidence rises in every withdrawal because you feel that you are really making this money, because it will be in your bank account the next day
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yes yes yes
  • #659,012
  • May 14, 2022 7:16am May 14, 2022 7:16am
I am still expecting some range to happen .....after a volatility price needs to cool off then change direction or go in direction of the major trend.
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MY OPINION NOT FINANCIAL ADVISE
  • #659,013
  • May 14, 2022 7:27am May 14, 2022 7:27am
Quoting Moty
Yesterday I got proof that I do not need to have 1000 dollars in the account to reach my goals that it is a profit of 50-100 dollars per day, the only thing that can happen is that I will lose 1000 dollars, because with low leverage i can close a loss because the loss is only only 20-30 dollars, And not $ 100-200 and i say to myself i will stay because I'm already in big loss. In general the original plan is to start from $ 250 in the account and every $ 100 profit withdraw them and start over, and yesterday I started with $ 200, then I went up...


if try such deposit and withdraw in my country i will lose more


if i withdraw i pay bank charges and also exchange rate is bad as my bank dont like to give out dollars
if i deposit i will buy dollar at higher rate everytime and also pay a transaction fee both with visa card or swift bank transfer.
if i withdraw often i am reducing my margin to take higher risk, For example if u trade 1 standard lot then the margin reduce and I wont be able to continue opening a higher positions.

my goal is to be able to open 10lots 1 day so assume i am doing 1 mini lot then i want to have a goal of 1 standard lot, do i need to withdraw often? no i dont all i need is money management or u can open a vault with ur broker then u can keep the money there if u run out of margin then u can transfer from the vault to trading account....fxpro have vault but IG dont but you can transfer between mt4 account and other to save urself from loosing all account balance
MY OPINION NOT FINANCIAL ADVISE
  • #659,014
  • May 14, 2022 7:40am May 14, 2022 7:40am
Quoting donfriday
{quote} if try such deposit and withdraw in my country i will lose more if i withdraw i pay bank charges and also exchange rate is bad as my bank dont like to give out dollars if i deposit i will buy dollar at higher rate everytime and also pay a transaction fee both with visa card or swift bank transfer. if i withdraw often i am reducing my margin to take higher risk, For example if u trade 1 standard lot then the margin reduce and I wont be able to continue opening a higher positions. my goal is to be able to open 10lots 1 day so assume i am doing...
Im with PxPro with 8 years aleeady and I dont wonna change that, solid broker and the vault is Perfect stuff, when you want more money on the account simply transfer and youve got it, also when you want withdraw no problem 1 day waiting, cheers!
People don't plan to lose. They lose because they don't plan.
  • #659,015
  • May 14, 2022 7:52am May 14, 2022 7:52am
Oil Perfect setup from daily, sell at open 108 TP 100, 800 pips for good week start I think
People don't plan to lose. They lose because they don't plan.
  • #659,016
  • May 14, 2022 8:28am May 14, 2022 8:28am
Quoting Moty
Yesterday I got proof that I do not need to have 1000 dollars in the account to reach my goals that it is a profit of 50-100 dollars per day, the only thing that can happen is that I will lose 1000 dollars, because with low leverage i can close a loss because the loss is only only 20-30 dollars, And not $ 100-200 and i say to myself i will stay because I'm already in big loss. In general the original plan is to start from $ 250 in the account and every $ 100 profit withdraw them and start over, and yesterday I started with $ 200, then I went up...
You are only mark the winning.
What about the losing side?
From what i see every time that the market run for 100+ pips you are lost.
if it range below 100 you are still find yourself underwater of 50 pips, in fact you mention it all the time.. floating loss and then profit.

so yes, i agree, you do not need 1000$ to make 50-100$
maybe you need more than that.
and this is alright, the trader that you are trying to be has not yet been born.
not because you are not good, who am i to criticize?!
the history shows that its impossible!
all the biggest rules of trading written after those lads trying to trade like you do.

really hope you will succeed no matter what you will try.
i just dont believe that you can, that way.
sorry.
  • #659,017
  • May 14, 2022 8:34am May 14, 2022 8:34am
BTCUSD SHORT
SL 29327
TP1 28328
TP2 ?

lets get busy with this

I’m Blessed. Thank you Jesus!
My telegram: https://t.me/avidforex
  • #659,018
  • May 14, 2022 8:48am May 14, 2022 8:48am
Quoting donfriday
{quote} if try such deposit and withdraw in my country i will lose more if i withdraw i pay bank charges and also exchange rate is bad as my bank dont like to give out dollars if i deposit i will buy dollar at higher rate everytime and also pay a transaction fee both with visa card or swift bank transfer. if i withdraw often i am reducing my margin to take higher risk, For example if u trade 1 standard lot then the margin reduce and I wont be able to continue opening a higher positions. my goal is to be able to open 10lots 1 day so assume i am doing...
i am lucky that in my country and with my broker i deposit and withdraw in the currency of my country
i see the amount in my account in dollars , but it equal to what i deposite or withdraw with out the commission of the bank
this is because my broker is international but have a branch in my country so he can conducted in front of me with a bank account of my country
yes yes yes
  • #659,019
  • May 14, 2022 8:51am May 14, 2022 8:51am
Quoting Whale
{quote} You are only mark the winning. What about the losing side? From what i see every time that the market run for 100+ pips you are lost. if it range below 100 you are still find yourself underwater of 50 pips, in fact you mention it all the time.. floating loss and then profit. so yes, i agree, you do not need 1000$ to make 50-100$ maybe you need more than that. and this is alright, the trader that you are trying to be has not yet been born. not because you are not good, who am i to criticize?! the history shows that its impossible! all the...
It should be noted that twice yesterday I stumbled upon 2 losing positions of $ 10-20 and closed them manually, my dream is that I will put a stop loss once and let it close on its own.
You realize I could lose once and a half a whole $ 250 bill and still be at the moment.
Yesterday's successful trades can be any day
yes yes yes
  • #659,020
  • May 14, 2022 9:08am May 14, 2022 9:08am
Quoting Nd10
{quote} Hi Nav, You see. You made this post on 16th March. So it's almost 2 months done. Maybe we shall soon smile. Brought you here since you could not remember.{image}
think the price has fallen by 500 pips since, gonna take longer..I feel
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