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Cable Update (GBPUSD)

  • #661,181
  • Edited 1:38am May 31, 2022 12:49am | Edited 1:38am
Quoting ScalaFX
Nice QM H4 Gold, i'm not trading shiny but I think good setup selling now with SL around 1870 TP 1800, medium term Ps. Can help dump GU when drop
That was a good signal, can close 1845 but for patient can hold for TP I think with SL BE
People don't plan to lose. They lose because they don't plan.
  • #661,182
  • May 31, 2022 1:10am May 31, 2022 1:10am
Quoting Mitiblotch
Now shorts closed in net profit. Left only this from 2647 with SL in +2. We are below the daily pivot and S1. Hopefully they dump this thing into then trash can! My famous purple line is still working and last night I posted a chart showing lots of volume around this area. Which ever area it finally moves to will have the force with it. {image}
i close my shorts two, i wish to get short again from same spot, but honestly it will be tough to get there.
I will put limits because im out of office most of the day.
mobile trAding day
  • #661,183
  • May 31, 2022 1:11am May 31, 2022 1:11am
looks not it be able to pullback any time soon . at least 2700+ expected , may be even difficult , anyway waiting see 1.2585 test and break at least! o have some support or to wait for above 2480 one, 2494 areas . lets see how this 2600 sr reacts now ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,184
  • May 31, 2022 1:18am May 31, 2022 1:18am
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yes yes yes
  • #661,185
  • May 31, 2022 1:27am May 31, 2022 1:27am
G/M, a downside move after a false upside breakout of the previous 1hr pennant...price finding demand in a prev 1hr sw lo zone which has been tested @ the current dly lo and again - ie twice now = prev supp = pot supp, this being the top half of a prev 1hr/4hr sw lo zone that extends down to 2585/6 = prev supp = pot supp - the 4hr part.

Rangy 1hr/4hr now.Bearish intraday so far.

1Hr below
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Trader with an Edge.
  • #661,186
  • May 31, 2022 1:39am May 31, 2022 1:39am
Quoting igik
Attention. 1,2645 and 1.2550. Expiration of the option. {image}
Hi Igik.

Can you please tell me, what about the massive $30B sell-off by US Government scheduled on Wednesday?
and the trillions in treasuries?
this market going in to poop shoot.
We need to be careful out there


Need to see if those countries that have purchased and hold US treasuries decided need to sell those off quickly to stabilize their own it will have quite an effect.

In short...Dollar gets stronger, other fiats get weaker, sell off in US treasuries as nations and institutions seek dollars to pay debt in the appreciating dollar, sending the yield higher and the dollar higher.

This is going to be spectacular…
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,187
  • May 31, 2022 1:40am May 31, 2022 1:40am
Quoting ScalaFX
Last day od month, can be anything but one mission for bears, make that monthly red, trade safe
I think we can say that wegde is broken, where is TP I dont know but usually more than low of the wedge
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People don't plan to lose. They lose because they don't plan.
  • #661,188
  • May 31, 2022 1:42am May 31, 2022 1:42am
President Biden and Fed Chairman meeting held today, focuses on inflation. There will be big volatility.
  • #661,189
  • May 31, 2022 1:46am May 31, 2022 1:46am
...downside fib clusters @ 2551-45 (3,) and 2498-91 (3.)
Trader with an Edge.
  • #661,190
  • May 31, 2022 1:48am May 31, 2022 1:48am
Quoting ScalaFX
{quote} I think we can say that wegde is broken, where is TP I dont know but usually more than low of the wedge {image}
USD Awaken............

Already begun ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,191
  • May 31, 2022 1:50am May 31, 2022 1:50am
Quoting navk
{quote} Moty, For my longs, stop is 2600.
mine is a around 12550 however i might pull out manually as this is not going to plan today
Insane in the Brain..
  • #661,192
  • May 31, 2022 1:53am May 31, 2022 1:53am
Quoting ventureinves
President Biden and Fed Chairman meeting held today, focuses on inflation. There will be big volatility.

So Brenden is meeting with the loan sharks …
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,193
  • May 31, 2022 2:00am May 31, 2022 2:00am
... 1hr below
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Trader with an Edge.
  • #661,194
  • May 31, 2022 2:08am May 31, 2022 2:08am
Quoting bigiivan
{quote} Hm! Why I have a bearish div? {image}
I answered my question.
But now I want more down!
  • #661,195
  • May 31, 2022 2:08am May 31, 2022 2:08am
my view
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Trendlines H1,H4, SMC
  • #661,196
  • May 31, 2022 2:10am May 31, 2022 2:10am
Quoting bigiivan
{quote} I answered my question. But now I want more down!

Look very juicy..........

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,197
  • May 31, 2022 2:13am May 31, 2022 2:13am
Quoting Pat Chiko
{quote} Look very juicy.......... {image}
Let's drink it then!
  • #661,198
  • May 31, 2022 2:23am May 31, 2022 2:23am
remember the pattern , stair - broken - another stair and down
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,199
  • May 31, 2022 2:23am May 31, 2022 2:23am
... strong bounce - 50% of mon hi - current dly lo @ the current p/back hi. Base camp for an assault on 2666? Potential 1hr res/sbr up to 2630 initially.
Trader with an Edge.
  • #661,200
  • May 31, 2022 2:25am May 31, 2022 2:25am
Dollar index is going up today. The question is: where will go GBP/USD?
I think I can answer with a 11,9% accuracy.
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