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Cable Update (GBPUSD)

  • #659,841
  • May 19, 2022 12:09pm May 19, 2022 12:09pm
RSI is approaching 80 value yes with a push to 1.2550 very possible

so both numbers is possible if the bulls want to hit 1.2550 they can push down to 1.2450 first but better to watch for liquidity first

ATM both buy and sell order have been activated in this NY session.
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #659,842
  • May 19, 2022 12:10pm May 19, 2022 12:10pm
Quoting donfriday
{quote} Friday trading is either follow the trend of the week or get boring . It can rocket to 12550 just my view
Can be, not far enough, Pat take profit and open sell than can fall
People don't plan to lose. They lose because they don't plan.
  • #659,843
  • May 19, 2022 12:12pm May 19, 2022 12:12pm
22500 is the next level to look at due to the fact that price has gone up to the pitchfork's outer median line, and the fibonacci speed resistence arcs 1.618 level is about to be met by price along with a strong supply zone. We may see a rejection or a slight pullback and the a major bullish run.
Attached Image (click to enlarge)
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  • #659,844
  • May 19, 2022 12:30pm May 19, 2022 12:30pm
Quoting Moty
1.25000-1.25292 until the end of the week{image}{image}

now i believe it will close or at least pull back to 1.24750
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yes yes yes
  • #659,845
  • May 19, 2022 12:43pm May 19, 2022 12:43pm
Imo there is a big big chance of big down move, something like 200 before tanking to 1.26/7

but i want to see 1.242/1.244 area may push it for new high.
  • #659,846
  • May 19, 2022 1:19pm May 19, 2022 1:19pm
Quoting littlefx1
22500 is the next level to look at due to the fact that price has gone up to the pitchfork's outer median line, and the fibonacci speed resistence arcs 1.618 level is about to be met by price along with a strong supply zone. We may see a rejection or a slight pullback and the a major bullish run. {image}
Sorry sir, But your level at 22500 more represents 25500. Best to change that trading view chart .
Cheers.
Trade to trade another day
  • #659,847
  • May 19, 2022 2:53pm May 19, 2022 2:53pm
Price has fulfill almost all the criteria.,..
Now we are waiting price to retest broken resistance after which we allow for some liquidity grab... then we find an entry...

EURCAD
Attached Image (click to enlarge)
Click to Enlarge Name: RETEST.png Size: 26 KB
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  • #659,848
  • May 19, 2022 3:16pm May 19, 2022 3:16pm
started yesterday with 230 $ Went TO 280 $ with stupide long ( the support at dx )
then dropped hard to 60 $ and for staying alive and nod be
margined call i reduced my leverage to 167$ insurance
from there throw Asian and London session i came back to be and more then that ( 282 $ )
after it little long , little short and i am at 322 $ and can withdraw 100 $
overall from last Friday the where 500$ withdrawals in parts
Attached Image(s) (click to enlarge)
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yes yes yes
  • #659,849
  • May 19, 2022 3:21pm May 19, 2022 3:21pm
Quoting Mitiblotch
Since price missed my pending sell at 2530. Now I short the 5min M pattern at 2491. See if I can get 20 pips.
Close at 2483. +8. Now go to bed in a few and see what Asia does later.
  • #659,850
  • May 19, 2022 3:32pm May 19, 2022 3:32pm
Quoting Moty
started yesterday with 230 $ Went TO 280 $ with stupide long ( the support at dx ) then dropped hard to 60 $ and for staying alive and nod be margined call i reduced my leverage to 167$ insurance from there throw Asian and London session i came back to be and more then that ( 282 $ ) after it little long , little short and i am at 322 $ and can withdraw 100 $ overall from last Friday the where 500$ withdrawals in parts {image} {image}
This is beautiful! Good job, Moty. Enjoy your withdrawals.
  • #659,851
  • May 19, 2022 3:42pm May 19, 2022 3:42pm
Quoting Moty
started yesterday with 230 $ Went TO 280 $ with stupide long ( the support at dx ) then dropped hard to 60 $ and for staying alive and nod be margined call i reduced my leverage to 167$ insurance from there throw Asian and London session i came back to be and more then that ( 282 $ ) after it little long , little short and i am at 322 $ and can withdraw 100 $ overall from last Friday the where 500$ withdrawals in parts {image} {image}

you are doing well so you have nothing to hide on those prints, you are more real than some of us here personally i dont have the courage to display my portfolio that way you have been and mostly i dont like to show my trades cus i feel its my personal business.


my question is do you think withdrawing everyday will help you to reduce ur losses or what's the purpose of daily withdrawers?
MY OPINION NOT FINANCIAL ADVISE
  • #659,852
  • Edited 4:04pm May 19, 2022 3:51pm | Edited 4:04pm
Quoting donfriday
{quote} you are doing well so you have nothing to hide on those prints, you are more real than some of us here personally i dont have the courage to display my portfolio that way you have been and mostly i dont like to show my trades cus i feel its my personal business. my question is do you think withdrawing everyday will help you to reduce ur losses or what's the purpose of daily withdrawers?
withdraw will reduce then , that is for sure .
but the the patient to wait for London open and wait for right set up , to take my trade,
will help me avoid them completely
i am always ask myself that question , is today will be the day that i will start trade like it should be meant to be ?
and always i give up to my emotions , and take trade throw Asian session or not with the right set up
i am always in fears for missing a profit , but the market is always there , i don't understand that there will another options ,
another set ups
Attached Image (click to enlarge)
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yes yes yes
  • #659,853
  • May 19, 2022 3:55pm May 19, 2022 3:55pm
Quoting Moty
{quote} Switched to short Tp 1.24750 area {image}
weekly R2 worked like a charme
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yes yes yes
  • #659,854
  • May 19, 2022 3:56pm May 19, 2022 3:56pm
We have ping pong. Revisit Thursday low again
  • #659,855
  • May 19, 2022 4:13pm May 19, 2022 4:13pm
Quoting Coreg2004
{quote} Wave 4 had deep correction but it was still in the guidelines. {image}
Possible plays to finish the patterns...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: DX 05.18 60M.png Size: 50 KB
Always trade your own plan...I don't provide trading signals.
  • #659,856
  • May 19, 2022 4:27pm May 19, 2022 4:27pm
GBPUSD ARRIVE RESISTANCE LEVELS AND CREATE LIQUIDIY.. An opportunity for scalping short...

TP: 1.24184
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #659,857
  • May 19, 2022 5:19pm May 19, 2022 5:19pm
Quoting fxmasterdxb
{quote} Planning to take maximum advantage of the fall! Could be targeting 1.2050 by next week!! {image}
on track to my target 1.2250
Attached Image (click to enlarge)
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  • #659,858
  • May 19, 2022 5:27pm May 19, 2022 5:27pm
Quoting fxmasterdxb
{quote} on track to my target 1.2250 {image}
Be a huge drop mate…
Insane in the Brain..
  • #659,859
  • May 19, 2022 5:50pm May 19, 2022 5:50pm
Quoting BeeTogether
{quote} Be a huge drop mate…
Be careful, the bulls are showing some sign of strength, Although I'm short too but tp @1.24184.. I'm scalping as I'm not too sure of any huge drop!

Price has reverse too many time at this level so it is a very strong support...
My telegram: https://t.me/avidforex
  • #659,860
  • May 19, 2022 5:54pm May 19, 2022 5:54pm
Quoting Moty
{quote} now i believe it will close or at least pull back to 1.24750 {image} {image} {image}
Eagle eye Moty. My view too. GU imo should get to 1.28 or we are back to 1.21 area
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