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Cable Update (GBPUSD)

  • #659,541
  • May 18, 2022 7:56am May 18, 2022 7:56am
Quoting mtako
{quote} {quote} The dream is no longer wet I guess
Lol... it's still wet. Trade is in a hole and today is Wednesday.
  • #659,542
  • Edited 8:27am May 18, 2022 8:00am | Edited 8:27am
Dollar getting considerably weaker. Looks like it's going to make a bearish 4h candle in about a minute. A move below previous candle could signal for some more selling, and potentially a g/u rally. The 8h is still hh/hl, though. Lets see what happens. The next 15 -30 minutes should give us some clues as to how this is going to pan out.
  • #659,543
  • May 18, 2022 8:02am May 18, 2022 8:02am
Quoting ForexGoose
I'm interested in selling rallies after the inflation report. {image} {image}
1.253 looks like it will be a strong resistance for now, I just sell the rallies
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #659,544
  • May 18, 2022 8:12am May 18, 2022 8:12am
last view, publish my count on higher TF

if 5th in place, and i think yes
so the grey area is the target, and down we go again, maybe for new low (1.196X) before the shoot up for hell of a long
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  • #659,545
  • Edited 8:41am May 18, 2022 8:17am | Edited 8:41am
Quoting Whale
last view, publish my count on higher TF if 5th in place, and i think yes so the grey area is the target, and down we go again, maybe for new low (1.196X) before the shoot up for hell of a long {image}
I hope 5th it is because I put my TP at 2600. Let's see if I have the patience to wait for it. But I don't see it dumping from here. I think it has some business to do upside.
  • #659,546
  • May 18, 2022 8:21am May 18, 2022 8:21am
Quoting Mitiblotch
{quote} I hope 5th it is because Input my TP at 2600. Let's see if I have the patience to wait for it. But I don't see it dumping from here. I think it has some business to do upside.
i think as long as we stay above 12360 we could see a retrace up towards 125
Insane in the Brain..
  • #659,547
  • May 18, 2022 8:22am May 18, 2022 8:22am
Quoting mtako
For me here big fight of the day.
Quoting Mitiblotch
{quote} Yeah... it's Day support one. And an area where we had lots of spikes to from below.
Quoting mtako
{quote} Good point. And after that is decided, I'll get myself a treat. Don't know what yet. Maybe just an ice cream. Been months. {image}
Still waiting since I posted my "first Big Fight" update and boy did they fight after reaching that level!, shared with the first ridiculous chart, and which analysis helped me manage my many shorts.

But it's getting close to decision time at last!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,548
  • May 18, 2022 8:22am May 18, 2022 8:22am
Looking short (short term profit) oppotunity
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  • #659,549
  • Edited 8:36am May 18, 2022 8:23am | Edited 8:36am
https://www.forexfactory.com/thread/...9#post14003889

not better for GU long
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  • #659,550
  • May 18, 2022 8:24am May 18, 2022 8:24am
Quoting Mitiblotch
{quote} I hope 5th it is because Input my TP at 2600. Let's see if I have the patience to wait for it. But I don't see it dumping from here. I think it has some business to do upside.
man i'm want to buy for real..
i didnt earn 1 single $ yesterday. nada.. to be honest i lost 30 pips

i took another buy right now, 1.2408
  • #659,551
  • May 18, 2022 8:25am May 18, 2022 8:25am
Quoting Whale
{quote} man i'm want to buy for real.. i didnt earn 1 single $ yesterday. nada.. to be honest i lost 30 pips i took another buy right now, 1.2408
open tp? Or looking for a mutha of a rise up?
Insane in the Brain..
  • #659,552
  • May 18, 2022 8:27am May 18, 2022 8:27am
Quoting ForexGoose
{quote} 1.253 looks like it will be a strong resistance for now, I just sell the rallies {image}
Nice, Im with you with this lets see can make it to the end of week
People don't plan to lose. They lose because they don't plan.
  • #659,553
  • May 18, 2022 8:27am May 18, 2022 8:27am
My personal max for buying at this point is 4some pips
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,554
  • May 18, 2022 8:35am May 18, 2022 8:35am
It feels like we might be in for some potentially choppy trading for the near term. Mixed signals on various time frames and both $ and pound fairly weak and directionless atm. Let's see what happens if g/u makes it down to that previous trendline where it got a bounce earlier (if it get's there). That's going to be an important area.


G/U has mostly been a dud for me today. On the plus side, I'm currently long g/n, short g/u, g/c, and g/j. And all pairs are currently in profit (at least a little). That doesn't happen very often. Yen longs have been paying off nicely today.
  • #659,555
  • May 18, 2022 8:41am May 18, 2022 8:41am
Quoting BeeTogether
{quote} open tp? Or looking for a mutha of a rise up?
right now both open sl and tp
lets see if the yesterday consolidation zone reaction first, or im going to lose my underwear
  • #659,556
  • May 18, 2022 8:44am May 18, 2022 8:44am
Quoting Whale
{quote} man i'm want to buy for real.. i didnt earn 1 single $ yesterday. nada.. to be honest i lost 30 pips i took another buy right now, 1.2408
Let's see if upside works. I just don't want to be against this humongous downtrend. Just that today is Wednesday (used to be a favorite selling day) and now price is below daily pivot. Fingers crossed.
  • #659,557
  • May 18, 2022 8:49am May 18, 2022 8:49am
Quoting ForexGoose
{quote} 1.253 looks like it will be a strong resistance for now, I just sell the rallies {image}
Quoting ScalaFX
{quote} Nice, Im with you with this lets see can make it to the end of week
As am I! Problem is this level gave me a lot of fighting for my shorts last month: +-2410 is big support level, see the low of the 2nd half of the 28th of last month , that put a sudden stop from the straight +600pips drop.

Day has to close clear of that for me to congratulate our bears ! <2350 my best case scenario. Worst case >2440, to which we are dangerously close. But I prepared another 2480s testing nonetheless, just in case the BIG unexpected still happens. It doesnt get there!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,558
  • Edited 9:05am May 18, 2022 8:49am | Edited 9:05am
first try for today GBPUSD long @1,24235 tp 1,2500

dont forget: its oil-day

edit: out in loss
no additional long GU today (trading meanwhile DAX)
  • #659,559
  • May 18, 2022 8:50am May 18, 2022 8:50am
Quoting Mitiblotch
{quote} Let's see if upside works. I just don't want to be against this humongous downtrend. Just that today is Wednesday (used to be a favorite selling day) and now price is below daily pivot. Fingers crossed.
i dont care about the location of the pivot to the price, its only a line on S\R
im saying let go back to the break of the ending triangle on 1.2473X

sorry for the naked chart, this is web addition
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  • #659,560
  • May 18, 2022 8:54am May 18, 2022 8:54am
Quoting Whale
{quote} i dont care about the location of the pivot to the price, its only a line on S\R im saying let go back to the break of the ending triangle on 1.2473X sorry for the naked chart, this is web addition {image}
Normally, price should get there.
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