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Cable Update (GBPUSD)

  • #660,421
  • May 24, 2022 11:44am May 24, 2022 11:44am
watch 2520 just in case its a bouncer
  • #660,422
  • May 24, 2022 11:49am May 24, 2022 11:49am
Quoting Wavegarrick
{quote} Significant for me is that Gu bounced back from my weekly open and candle low at 1.2470 ish (yellow highlight), so bulls are definitely not done but may I say also not out of the woods, 1.26000 need to go. Trade safe. Cheers. {image}
Really wish I can hold trades positively like you one day Leon
  • #660,423
  • May 24, 2022 11:52am May 24, 2022 11:52am
My rules do not allow me to BUY in this area. I only when the price to
reach 1.2431, I will start the review to buy
The last LOW that the price should respond to is 1.2431. The rest of the low has been removed so far, although the price of 1.2400 will be broken again by force. And from this price, the only target that the price still touches is 1.29 for me
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There is nothing wrong with being kind & loving to each other
  • #660,424
  • May 24, 2022 12:04pm May 24, 2022 12:04pm
Long again 2531. Will add with drops. Hopefully I can hold this one till end of this month.
  • #660,425
  • May 24, 2022 12:13pm May 24, 2022 12:13pm
Quoting Nd10
{quote} Really wish I can hold trades positively like you one day Leon
Hi Nd,
Well for me the secret was finding out that it was not worth it to watch the charts day in and day out, year after year at the expense of my family, friends and quality time. I live life now and if I get it wrong so be it. If I do take a trade, I take it with a stop loss. The only bit of effort I put in is to lock my trades in quickly. Half the time I do not know what is going on with news events, the charts, my trades and so on. I have to scroll back to see where I last entered and I find that Forex Factory is a useful tool to look at my thought process at the time.
Just an evolution over time for me.
Hope it helps.
Cheers
Leon.
Trade to trade another day
  • #660,426
  • May 24, 2022 12:43pm May 24, 2022 12:43pm
Quoting Wavegarrick
{quote} Hi Nd, Well for me the secret was finding out that it was not worth it to watch the charts day in and day out, year after year at the expense of my family, friends and quality time. I live life now and if I get it wrong so be it. If I do take a trade, I take it with a stop loss. The only bit of effort I put in is to lock my trades in quickly. Half the time I do not know what is going on with news events, the charts, my trades and so on. I have to scroll back to see where I last entered and I find that Forex Factory is a useful tool to look...
Thanks Leon,
This input does really help. I will condition myself towards improving on this someday
  • #660,427
  • May 24, 2022 1:14pm May 24, 2022 1:14pm
Quoting ScalaFX
Wedge broken, now test and more or we come in for sellers trap, im selling only, cheers! {image}
Fake break down?
  • #660,428
  • May 24, 2022 1:21pm May 24, 2022 1:21pm
Sometimes it helps to reverse charts for good ideas. Would be nice if will play out this scenario.

Daily actual
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(Reversed - mirror effect
possible 1.2630 1.2410 up 1.3/1.32)
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  • #660,429
  • May 24, 2022 1:34pm May 24, 2022 1:34pm
Maybe!!!
Good Luck
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There is nothing wrong with being kind & loving to each other
  • #660,430
  • May 24, 2022 1:39pm May 24, 2022 1:39pm
Another good day

See you folks tomorrow and wish you many green pips!
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  • #660,431
  • May 24, 2022 1:44pm May 24, 2022 1:44pm
Quoting RaHaG0D
Maybe!!! Good Luck {image}
RaHaG0D, I have a different method of trading but a similar area of interest...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #660,432
  • May 24, 2022 2:02pm May 24, 2022 2:02pm
Quoting Coreg2004
{quote} RaHaG0D, I have a different method of trading but a similar area of interest... {image}
How great Coreg2004
1.24 is an important area for me
The price jumped above 1.2160 on this range and broke with strength
If 1.24 is broken, it will activate zone 1.23370 for me (Target weekly chart )
There is nothing wrong with being kind & loving to each other
  • #660,433
  • May 24, 2022 2:18pm May 24, 2022 2:18pm
Quoting RaHaG0D
{quote} How great Coreg2004 1.24 is an important area for me The price jumped above 1.2160 on this range and broke with strength If 1.24 is broken, it will activate zone 1.23370 for me (Target weekly chart )
RaHaG0D, If I am correct with my analysis the second leg of the ABC correction should touch at least 1.2430 (38.2% retracement of the entire move up). Also, completion of the AB=CD pattern is nearby @1.2425( nice confluence). We see.
Always trade your own plan...I don't provide trading signals.
  • #660,434
  • May 24, 2022 2:44pm May 24, 2022 2:44pm
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yes yes yes
  • #660,435
  • May 24, 2022 2:46pm May 24, 2022 2:46pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #660,436
  • May 24, 2022 6:06pm May 24, 2022 6:06pm
Looking for buy now. Anyone follow?
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  • #660,437
  • May 24, 2022 9:22pm May 24, 2022 9:22pm
1.2450 london
MY OPINION NOT FINANCIAL ADVISE
  • #660,438
  • May 24, 2022 9:49pm May 24, 2022 9:49pm
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We cut the winners short and let the losers run.
  • #660,439
  • May 24, 2022 10:07pm May 24, 2022 10:07pm
Quoting Coreg2004
{quote} RaHaG0D, If I am correct with my analysis the second leg of the ABC correction should touch at least 1.2430 (38.2% retracement of the entire move up). Also, completion of the AB=CD pattern is nearby @1.2425( nice confluence). We see.
Thanks for sharing your analysis and explanation
There is nothing wrong with being kind & loving to each other
  • #660,440
  • May 24, 2022 10:42pm May 24, 2022 10:42pm
Quoting donfriday
1.2450 london
could be but , ive some buy at open Asian for 1.26200 first , as LQ above seem delight to take before take LQ below 1.2370
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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