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Cable Update (GBPUSD)

  • #659,261
  • May 17, 2022 3:14am May 17, 2022 3:14am
Quoting donfriday
{quote} when are you expecting 1.30 in Q2 or Q3
Don
I'm not really good with duration. However, i hope to see 1.26 - 1.27 this month if this momentum is sustained. Second quarter ends next month (highly possible to hit it before end of Q2), ONLY IF THIS MOMENTUM IS SUSTAINED. Let's see how it unfolds. 1.27 first before 1.30. I expect a real retracement from 1.27 to 1.24 area for 1.3 to happen. Closed some buys because I expected a retracement to 1.225 area but it doesn't want to.
  • #659,262
  • May 17, 2022 3:16am May 17, 2022 3:16am
Quoting PatienceFx
time to start trimming the trades {image}
ALL CLOSED
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 14 KB
  • #659,263
  • May 17, 2022 3:16am May 17, 2022 3:16am
Whenever I see an upward movement like this I’m always worried that it will go pop anytime soon. Not a good place to enter a trade imho
Insane in the Brain..
  • #659,264
  • May 17, 2022 3:21am May 17, 2022 3:21am
Quoting BeeTogether
Whenever I see an upward movement like this I’m always worried that it will go pop anytime soon. Not a good place to enter a trade imho
And when you see a heavy downward movement?
  • #659,265
  • May 17, 2022 3:21am May 17, 2022 3:21am
Quoting Nd10
{quote} Cool
Wegde confirmed take a loss, probably we going to 1.27
People don't plan to lose. They lose because they don't plan.
  • #659,266
  • May 17, 2022 3:23am May 17, 2022 3:23am
Quoting pipibrasci
Short/Mid term Price objective (1.2600 - 1.2620) Retracements along the way.. as momentum kicks in.. GBPUSD/USDGBP {image} {image}
Your chart representation is something else
  • #659,267
  • May 17, 2022 3:24am May 17, 2022 3:24am
Quoting ScalaFX
{quote} Wegde confirmed take a loss, probably we going to 1.27
Hopefully and then good retracement
  • #659,268
  • May 17, 2022 3:24am May 17, 2022 3:24am
R3 reach....
  • #659,269
  • May 17, 2022 3:28am May 17, 2022 3:28am
Quoting PatienceFx
{quote} ALL CLOSED {image}
Me too, force close by mt4
  • #659,270
  • May 17, 2022 3:29am May 17, 2022 3:29am
Quoting Georginson
{quote} Price needs to close above 1.2411 for the bulls to have convincing relieve, failure to close above 1.2411 still exposes 1.2075.
I have now gotten my bullish confirmation as 1.2411 was cleanly cleared. I will now start buying any retracement from 1.23 to target 1.27.
Data + Stat + Risk/Emotions Management
  • #659,271
  • May 17, 2022 3:31am May 17, 2022 3:31am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 8 KB
yes yes yes
  • #659,272
  • May 17, 2022 3:33am May 17, 2022 3:33am
entered short to daily r2
1.24000-100
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
Click to Enlarge Name: gu1.png Size: 14 KB
yes yes yes
  • #659,273
  • May 17, 2022 3:42am May 17, 2022 3:42am
Quoting Nd10
{quote} Cool
Wegde confirmed take a loss, probably we going to 1.27
People don't plan to lose. They lose because they don't plan.
  • #659,274
  • May 17, 2022 3:42am May 17, 2022 3:42am
how cable pissed off a lot of bulls and suddenly .... lol
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 14 KB
  • #659,275
  • May 17, 2022 3:48am May 17, 2022 3:48am
not planning shorts anytime soon, but closer to daily 20 sma this should start ranging
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 19 KB
  • #659,276
  • May 17, 2022 3:53am May 17, 2022 3:53am
Wouldn't be shocked to see a bit of a sell off after this bull run right around the close/open of a new 4 hour candle coming in about 10 minutes. Obviously no guarantees. But it's been known to happen. Just something to keep an eye on.
  • #659,277
  • May 17, 2022 3:54am May 17, 2022 3:54am
Quoting PatienceFx
not planning shorts anytime soon, but closer to daily 20 sma this should start ranging {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 15 KB
  • #659,278
  • May 17, 2022 3:54am May 17, 2022 3:54am
so far it fits perfectly, I'm curious
https://www.forexfactory.com/thread/...-qcw-guarantee
  • #659,279
  • May 17, 2022 3:57am May 17, 2022 3:57am
Quoting ICouldBWrong
Wouldn't be shocked to see a bit of a sell off after this bull run right around the close/open of a new 4 hour candle coming in about 10 minutes. Obviously no guarantees. But it's been known to happen. Just something to keep an eye on.
yes ADR is already achieved

but it may still go to week R2
  • #659,280
  • May 17, 2022 3:59am May 17, 2022 3:59am
Quoting Bullshock
so far it fits perfectly, I'm curious https://www.forexfactory.com/thread/...-qcw-guarantee
this is like saying wives will stop yelling at husbands [guarantee] lol
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