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Cable Update (GBPUSD)

  • #660,841
  • May 27, 2022 2:49am May 27, 2022 2:49am
Long 1.2615
tp 1.2643
sl 1.2605

rr 1:3
  • #660,842
  • May 27, 2022 2:49am May 27, 2022 2:49am
Quoting Headland
{quote} ...well comrade georginson will know more about that but @ 107% already it is improbable but not impossible and that figure will only likely increase with an upside move above current dly hi. mthly below {image}
I am not in a trade currently, but looking at the wedge Scala just posted I know it may dump a bit, however, I am still skeptical today being Friday and a usual one-way traffic day. Asia bought it and corrected a bit, but they still bought. So in normal circumstances I expect a slight dip and up again.

In any case, any trade entered today will be in profit so long as it is close to next month's pivot. I'll observe.
  • #660,843
  • May 27, 2022 2:50am May 27, 2022 2:50am
Day chart sees a 10/20 ema cross but only just pointing to go long, but price has also hit 50 ema ,,1 is it going to push short again ,,2 bounce the area 2620 ,3, if so 2550 would be a possible target, 2750 is long target and upper tl
  • #660,844
  • May 27, 2022 2:52am May 27, 2022 2:52am
Quoting elbert3
Day chart sees a 10/20 ema cross but only just pointing to go long, but price has also hit 50 ema ,,1 is it going to push short again ,,2 bounce the area 2620 ,3, if so 2550 would be a possible target, 2750 is long target and upper tl
I want to scale into longs from near 2600 and maybe 2550 with the smallest trade size possible. See if I get those figures.
  • #660,845
  • May 27, 2022 2:55am May 27, 2022 2:55am
Quoting donfriday
{quote} really
Please man, ignore my posts..
  • #660,846
  • May 27, 2022 3:00am May 27, 2022 3:00am
Quoting Mitiblotch
{quote} I want to scale into longs from near 2600 and maybe 2550 with the smallest trade size possible. See if I get those figures.
  • #660,847
  • May 27, 2022 3:03am May 27, 2022 3:03am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #660,848
  • May 27, 2022 3:06am May 27, 2022 3:06am
new 1 hour opened and went short ..lets see if it breaks my tl just on it now so watch lower charts
  • #660,849
  • May 27, 2022 3:08am May 27, 2022 3:08am
Quoting Whale
{quote} Please man, ignore my posts..


why .

can you recommend a movie?
MY OPINION NOT FINANCIAL ADVISE
  • #660,850
  • May 27, 2022 3:12am May 27, 2022 3:12am
... 30min bullish hidden div is present and may stay good whilst above 2553, preferably above 2584. Currently bouncing off topside of Wkly R1.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #660,851
  • May 27, 2022 3:19am May 27, 2022 3:19am
Quoting Mitiblotch
Where is Goerge? What do you say about this month's small range? Just about 500 pips or so.
It is interesting to note that you call 512 pips range for this month a small range, when it is the second highest range in the last 10 months apart from April 2022.
Data + Stat + Risk/Emotions Management
  • #660,852
  • May 27, 2022 3:25am May 27, 2022 3:25am
Looks like 3 drives to me on the 1 hour chart.
Up until Monday/Tuesday

often wrong through
Attached Image (click to enlarge)
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  • #660,853
  • May 27, 2022 3:29am May 27, 2022 3:29am
...still sellers in this market...buyers haven't found/established their 'sweet spot' yet re 1hr/4hr uptrend following. 50% of y/day's lo - current dly hi @ the current pullback lo.
Trader with an Edge.
  • #660,854
  • May 27, 2022 3:37am May 27, 2022 3:37am
Quoting Headland
...still sellers in this market...buyers havn't found/established their 'sweet spot' yet re 1hr/4hr uptrend following. 50% of y/day's lo - current dly hi @ the current pullback lo.

the buyers want a lower price..they are actually forcing the buyers or trap because on my end here the hourly bearish divergence is getting GU exhaust
MY OPINION NOT FINANCIAL ADVISE
  • #660,855
  • May 27, 2022 3:40am May 27, 2022 3:40am
Quoting Georginson
{quote} It is interesting to note that you call 512 pips range for this month a small range, when it is the second highest range in the last 10 months apart from April 2022.
Okay. What is the average monthly range from your own data? Second highest apart from April means it is the third, right?
  • #660,856
  • May 27, 2022 3:41am May 27, 2022 3:41am
PA is weak, unable to push for HH or at least maintain a support, i started selling both EU and GU, lets see how it goes
  • #660,857
  • May 27, 2022 3:49am May 27, 2022 3:49am
Quoting fxmasterdxb
PA is weak, unable to push for HH or at least maintain a support, i started selling both EU and GU, lets see how it goes
Let's see how this 1hr closes after the last inverted hammer/doji (ish) 1hr close.

...next downside 3 fib cluster 2596-91
Trader with an Edge.
  • #660,858
  • May 27, 2022 3:56am May 27, 2022 3:56am
Quoting Whale
Long 1.2615 tp 1.2643 sl 1.2605 rr 1:3
Changing my stop to 1.2592
my tp 1.272
and loading more longs
  • #660,859
  • May 27, 2022 4:01am May 27, 2022 4:01am
Quoting Mitiblotch
{quote} Okay. What is the average monthly range from your own data? Second highest apart from April means it is the third, right?
Second highest to April 2022 only, so it is not third highest... The average range before April 2022 big range was 400 pips... So this month of May is already above average as it stands now.
Data + Stat + Risk/Emotions Management
  • #660,860
  • May 27, 2022 4:05am May 27, 2022 4:05am
Quoting Headland
{quote} Let's see how this 1hr closes after the last inverted hammer/doji (ish) 1hr close. ...next downside 3 fib cluster 2596-91
1hr bearish bodied doji ish close, 30min doji, but 4hr bear engulf.

Current downside fib clusters:
2596-91 (3)
2551-45 (3)
2500-91 (4)


4hr below
Attached Image (click to enlarge)
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Trader with an Edge.
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