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Cable Update (GBPUSD)

  • #659,521
  • May 18, 2022 6:47am May 18, 2022 6:47am
Quoting Houtbay
Gbpusd according to my charts remains in a downward trend. My chart might be wrong
Which TimeFrame? that is the question
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,522
  • May 18, 2022 6:51am May 18, 2022 6:51am
Dxy rally sputtering a little bit, but no clear signs of reversing yet either. Dollar remains in higher high/higher low pattern on 1h,4h, and 8h. Pound relatively strong compared to most other currencies atm, so mostly going sideways. No clear indication either way at this point. Will continue to watch and wait.


Edit to add: It should be noted that g/u also still in LH/LL pattern on 1h, 4h, and 8h.
  • #659,523
  • May 18, 2022 6:52am May 18, 2022 6:52am
Action time !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,524
  • May 18, 2022 6:53am May 18, 2022 6:53am
EU

Scalp long

BO/RT

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #659,525
  • May 18, 2022 6:57am May 18, 2022 6:57am
Quoting Houtbay
Gbpusd according to my charts remains in a downward trend.
My chart might be wrong

No worries.

If your chart is wrong, change to the correct one.

Hope it helps your trade.

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #659,526
  • May 18, 2022 7:00am May 18, 2022 7:00am
Watch 2426 area
  • #659,527
  • May 18, 2022 7:02am May 18, 2022 7:02am
Quoting Mitiblotch
Long again 2410 as shown on chart. Please ignore that TP at 2500; It is a wet dream.
Out at 2424. +14.
  • #659,528
  • May 18, 2022 7:08am May 18, 2022 7:08am
look what I missed because I wanted to trade only what I thought would happen and not what the graph shows
Mattsi I will correct this defect in me ?
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yes yes yes
  • #659,529
  • May 18, 2022 7:14am May 18, 2022 7:14am
Quoting Pat Chiko
{quote} GU add @ RSF @ RN {image}
GU

Higher.......

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #659,530
  • May 18, 2022 7:18am May 18, 2022 7:18am
Quoting Whale
long 1.24 to 1.243 with the help of NYO
tp hit.
that's it for me.

not sure if we going for wave 5 up or continuation of wave 4 down.
  • #659,531
  • May 18, 2022 7:19am May 18, 2022 7:19am
Well done bulls winning round 1 of us, Round 2 now ! Selling !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,532
  • May 18, 2022 7:30am May 18, 2022 7:30am
Long again at 2430. Targeting 2500. Seems to me there should be a lot of SL around that area. I hope I am not pushing lady luck too far today.

In any case, it appears to me that the MA is giving dynamic support to price. May we fly high.
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  • #659,533
  • May 18, 2022 7:34am May 18, 2022 7:34am
short target should be 2285 if it carry's on
  • #659,534
  • May 18, 2022 7:35am May 18, 2022 7:35am
Quoting Mitiblotch
Long again 2410 as shown on chart. Please ignore that TP at 2500; It is a wet dream.
Quoting Mitiblotch
Long again at 2430. Targeting 2500. Seems to me there should be a lot of SL around that area. I hope I am not pushing lady luck too far today. In any case, it appears to me that the MA is giving dynamic support to price. May we fly high. {image}
The dream is no longer wet I guess
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,535
  • May 18, 2022 7:37am May 18, 2022 7:37am
Long at 12420 SL 124 tp open
Insane in the Brain..
  • #659,536
  • May 18, 2022 7:39am May 18, 2022 7:39am
Quoting Pat Chiko
EU Scalp long BO/RT {image}

EU

Bounce off support line


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #659,537
  • May 18, 2022 7:41am May 18, 2022 7:41am
this is my conflict right now

i stop the long on 1.243 because it LTF count possible wave 4 end 5m chart if someone want to learn why.
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  • #659,538
  • May 18, 2022 7:41am May 18, 2022 7:41am
Short in at 12418, last trade of a really good day. Don't mind too much if this is a loss but the reaction off pivot (12437) was too much to not get in. First target would be recent low of 12370. SL at pivot.
  • #659,539
  • May 18, 2022 7:45am May 18, 2022 7:45am
Great catch !


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to our friend in the back...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,540
  • May 18, 2022 7:51am May 18, 2022 7:51am
Quoting Whale
this is my conflict right now i stop the long on 1.243 because it LTF count possible wave 4 end 5m chart if someone want to learn why. {image}
I found it was a great move on your part mate ! I also scalped to there, but exited a bit earlier before my last short scalp of the day
Quoting mtako
Well done bulls winning round 1 of us, Round 2 now ! Selling !
. 1min ranging probability has risen on my end now so I am pulling back my scalping.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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