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Cable Update (GBPUSD)

  • #659,181
  • May 16, 2022 2:13pm May 16, 2022 2:13pm
Sold here 2328, SL at be only if my next sell stop is triggered
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,182
  • May 16, 2022 2:15pm May 16, 2022 2:15pm
Quoting pipfarm
Sell confirmed on 4H close below 2216 for trend continuation inline with daily

No continuation trade , for me always depends on the timeframe combo to get the direction , i like to trade 4H swings into the daily or H1 into 4H , the 4H when looking at the daily looks corrective , nothing wrong with trading that , on this occasion i passed.
Follow The Markets Structure - Patience and Discipline
  • #659,183
  • May 16, 2022 2:16pm May 16, 2022 2:16pm
Quoting Nd10
{image}Dxy is at a point of serious stuff. Will it rebound to 105 area again or break it this time? I favor break but who knows
Attached Image (click to enlarge)
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Is this a convincingly TL break yet?
  • #659,184
  • May 16, 2022 2:20pm May 16, 2022 2:20pm
Quoting Nd10
{quote} Would want a drop before this reinforcement up
So much! But I will take what comes. For now selling mainly in the middle of last major resistance battle, between the 5th and 11h of this month and mainly battling the 2310s to 2350s, hence the sell here, while factoring in the trend and momentum quality.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,185
  • May 16, 2022 2:24pm May 16, 2022 2:24pm
Quoting ScalaFX
Wegde crushed, now we can see some down for TL confirm or fly like an angel {image}

1.25 is a must
MY OPINION NOT FINANCIAL ADVISE
  • #659,186
  • May 16, 2022 2:25pm May 16, 2022 2:25pm
Quoting donfriday
{quote} 1.25 is a must
Why is it a must for you, if I may?
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,187
  • May 16, 2022 2:33pm May 16, 2022 2:33pm
Quoting mtako
{quote} Why is it a must for you, if I may?
April movement stop there also its a key round number

going back to 1.22 is to fill order block cus we actually have a liquidity to go 1.25
MY OPINION NOT FINANCIAL ADVISE
  • #659,188
  • May 16, 2022 2:46pm May 16, 2022 2:46pm
Quoting Whale
{quote} I didnt see bos and retest
There was a huge absorption footprint candle on the futures market, used this

This is a good spot to close around last weeks point of control and DXY on h1 demand after filling h4 FVG, 90 pips on the table there
  • #659,189
  • May 16, 2022 2:51pm May 16, 2022 2:51pm
Quoting Moty
now dx can turn here and that can drop every body else took short aussie for 50 $ {image}
Entered short gu
Attached Image (click to enlarge)
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yes yes yes
  • #659,190
  • May 16, 2022 2:53pm May 16, 2022 2:53pm
Quoting donfriday
{quote} April movement stop there also its a key round number going back to 1.22 is to fill order block cus we actually have a liquidity to go 1.25
Yes, I got this filling to, many factors are with it, 1.25 can be the massive stop for bulls and from here we can see a quick strong move to the new low od this year, where ? I dont know but I feel this is not real bottom
People don't plan to lose. They lose because they don't plan.
  • #659,191
  • May 16, 2022 3:03pm May 16, 2022 3:03pm
Quoting ScalaFX
Gold mega strong 1800 I didnt realize can drop to this level again this year, maybe some correction from here what can help GU, lets see...
Closing some longs now
People don't plan to lose. They lose because they don't plan.
  • #659,192
  • May 16, 2022 3:09pm May 16, 2022 3:09pm
Quoting ScalaFX
{quote} Closing some longs now
Well done mate ! I think you have more just in case it flies straight to the moon still!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,193
  • May 16, 2022 3:17pm May 16, 2022 3:17pm
Quoting mtako
{quote} Well done mate ! I think you have more just in case it flies straight to the moon still!
Yes, 1800 that's is mega strong support montly quarterly, we can see 1900 one more time and more, but gold is not for me im only trading when see that level like this, cheers bud!
People don't plan to lose. They lose because they don't plan.
  • #659,194
  • May 16, 2022 3:30pm May 16, 2022 3:30pm
Quoting mtako
{quote} Well done mate ! I think you have more just in case it flies straight to the moon still!
We can see one more time 1800, im that level we have nice QM level to strike for 1900, but i'm not trading this, closed all longs now
People don't plan to lose. They lose because they don't plan.
  • #659,195
  • May 16, 2022 3:35pm May 16, 2022 3:35pm
Quoting ScalaFX
{quote} We can see one more time 1800, im that level we have nice QM level to strike for 1900, but i'm not trading this, closed all longs now
I'm not a big gold dealer either. Not enough practice with it so I lack confidence and forget to check some rules as I go because of that
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,196
  • May 16, 2022 3:37pm May 16, 2022 3:37pm
The probabilities seem pretty high that 2370s will be attacked next. Anyone still awake and crazy like me? Next 2370 or 2280 ? For now I say +-60% 2280
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,197
  • May 16, 2022 3:39pm May 16, 2022 3:39pm
Quoting Moty
{quote} nailed it !!!! {image}
GU is going to meet the OB soon..
watch your steps
i dont know what the reaction will be but from my experience price should come lower before new strong impule, or continue the down trend.
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  • #659,198
  • May 16, 2022 3:51pm May 16, 2022 3:51pm
Quoting mtako
The probabilities seem pretty high that 2370s will be attacked next. Anyone still awake and crazy like me? Next 2370 or 2280 ? For now I say +-60% 2280
Is here some crazy awake people here still
People don't plan to lose. They lose because they don't plan.
  • #659,199
  • May 16, 2022 6:42pm May 16, 2022 6:42pm
Slowly
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  • #659,200
  • May 16, 2022 7:13pm May 16, 2022 7:13pm
entered long with a break of y's high
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yes yes yes
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