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Cable Update (GBPUSD)

  • #723,081
  • Jan 25, 2023 12:59am Jan 25, 2023 12:59am
I don't expect good data. But bears need to close below 1.2270. Magically, this was yesterday's low.
  • #723,082
  • Jan 25, 2023 1:03am Jan 25, 2023 1:03am
Quoting Georginson
{quote} Exited at 1.2330... took just 4 pips... Today's close is very important... Wherever price first goes by Frankfurt, the opposite is where it will end tomorrow. Guys be very careful, we may see either 1.2200 or 1.2525 tomorrow, I don't want to predict. Capital preservation is key for me.
Been waiting 2 weeks for this
POSTMASTER
  • #723,083
  • Jan 25, 2023 1:06am Jan 25, 2023 1:06am
AUDJPY went short 92.75
POSTMASTER
  • #723,084
  • Jan 25, 2023 1:09am Jan 25, 2023 1:09am
Lets see USD INDEX,

Hmm Not bad, Support Still holds at 101.10 lows of May 2022..
Waiting Patiently for Friday..


“The foolish man seeks happiness in the distance; the wise grows it under his feet.” — James Oppenheim
Attached Image(s) (click to enlarge)
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Don't compare your Trades with Others
  • #723,085
  • Jan 25, 2023 1:11am Jan 25, 2023 1:11am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 j25 mstar.png Size: 40 KB
  • #723,086
  • Jan 25, 2023 1:16am Jan 25, 2023 1:16am
Quoting Robinhood1
AUDJPY went short 92.75
Target 89.00
POSTMASTER
  • #723,087
  • Jan 25, 2023 1:17am Jan 25, 2023 1:17am
Hello friends, I hope you all had a good NY session while I was sleeping or working

It looks like there is nothing for me to trade right now, so I will go and make a pot of coffee and then wait in the long grass to see if anything comes along for me to pounce on
I am neither brave nor stupid...I am just a part time trader
  • #723,088
  • Jan 25, 2023 1:20am Jan 25, 2023 1:20am
Back from vacation... I'm long now
My telegram: https://t.me/avidforex
  • #723,089
  • Jan 25, 2023 1:34am Jan 25, 2023 1:34am
Aujpy target 92.300
  • #723,090
  • Jan 25, 2023 1:38am Jan 25, 2023 1:38am
I went short at 2320. TP 2270. I kind of believe price might track back up to break the highs hence my wanting to bank at 2270. Price is not agreeing with EURUSD and that's because there are too many sellers of there (63%). I find it difficult to trade these two pairs when there is such discrepancy.

EU is now above it's daily pivot while this pair is below. Let's watch and see. I won't hesitate to pull the plug on my GU short trade.

Edit: out at 2314. Roughly +6. I am not feeling the rhythm.
  • #723,091
  • Jan 25, 2023 1:42am Jan 25, 2023 1:42am
Quoting BigNumbers
Back from vacation... I'm long now
EXIT!
My telegram: https://t.me/avidforex
  • #723,092
  • Jan 25, 2023 1:43am Jan 25, 2023 1:43am
crooky mf
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Attached Image (click to enlarge)
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yes yes yes
  • #723,093
  • Jan 25, 2023 1:51am Jan 25, 2023 1:51am
the 100 bb stop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 16 KB
Click to Enlarge Name: gu1.png Size: 16 KB
yes yes yes
  • #723,094
  • Jan 25, 2023 1:56am Jan 25, 2023 1:56am
How about long 1.2306
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #723,095
  • Edited 2:11am Jan 25, 2023 1:59am | Edited 2:11am
we had close yesterday 4hr daily above 38.2 could be trap for higher...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 j25 mm.png Size: 46 KB
  • #723,096
  • Jan 25, 2023 2:02am Jan 25, 2023 2:02am
come on mister aussie
drag that mf gu down
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 19 KB
yes yes yes
  • #723,097
  • Jan 25, 2023 2:02am Jan 25, 2023 2:02am
Did the support below hate you?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(M15)_2023.01.25_165936.gif Size: 51 KB
  • #723,098
  • Jan 25, 2023 2:04am Jan 25, 2023 2:04am
For those who care, see this: Find the right spot and get in on a contrarian trade.

Sellers piling in headlong on EU. It is almost guaranteed price will fly up.
Attached Image (click to enlarge)
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Buyers piling in headlong on USDCAD. It is almost guaranteed to take a heavy, heavy dump today!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230125-080307_Chrome.jpg Size: 136 KB

Sellers also gradually coming into GU. The ratios are close that's why price is dithering. It fell yesterday and rose back up because they have not gotten enough sheep to slaughter. It will probably fly all the way back up if sellers pile in headlong.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230125-080351_Chrome.jpg Size: 137 KB
  • #723,099
  • Jan 25, 2023 2:06am Jan 25, 2023 2:06am
Based on the above I have entered a short on USDCAD at 3366. I should get at least 100 pips from this trade. I want to long EU at 0854 but price doesn't want to pick me up.
  • #723,100
  • Jan 25, 2023 2:08am Jan 25, 2023 2:08am
Quoting Elknit
I don't expect good data. But bears need to close below 1.2270. Magically, this was yesterday's low.
Bad data but gbp not dumping.
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