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Cable Update (GBPUSD)

  • #726,261
  • Feb 3, 2023 10:11pm Feb 3, 2023 10:11pm
Looking to possibly go long if I see some bullish evidence around the 1.19 lvl....goodluck next week.
  • #726,262
  • Feb 3, 2023 10:28pm Feb 3, 2023 10:28pm
Quoting Fenr
Thanks God for this first week trade this pair. {image}
demo????
  • #726,263
  • Feb 3, 2023 10:36pm Feb 3, 2023 10:36pm
Quoting Pat Chiko
{quote} Hey Snail..... Just some luck, small profit enough to buy me some dinner and bottle of mineral water. You're doing great, surprising you caching up with many trades and the speed doesn't match with your name. Are you sure you're the real snail ?.
may be a foxy with BMW Sports car engine...
  • #726,264
  • Feb 3, 2023 10:59pm Feb 3, 2023 10:59pm
I Think .. this is correction.... GU is still up trend.
See Fib from 2010 - present : 50% GU @ 1.37.. may be G shoud equal 20 -30% U..
Should buy from under 1.2
  • #726,265
  • Edited 8:48am Feb 4, 2023 2:45am | Edited 8:48am
Summary This week just closed saw the close of an old month (January) that achieved 74% of it's 6mth amr, and the week close, that saw price travel 121% of it's 13wk awr. The week saw great volatility on Wednesday onwards, from scheduled event risks. The reaction to Wednesday's Powell's remarks, (deemed dovish by the market) though could not see price break out of the 4hr 2448-2262 range. Thursday's Boe statement however, (again deemed Dovish by the market,) followed by the extraordinary U.s NFP number, saw price 1st break out of that range to the downside, pullback and retest it, before a further leg down on the NFP number on Friday. And that was the story of the week really.
-------------------------------
Mthly January's mthly candle closed bullishly but the t/f if anything probably remains in a general downtrend after the big pullback from 0327 to (so far) 2448.
Wkly This candle closed as a bearish thrust candle. Perhaps a bearish candle is unsurprising after last week's hanging man/inverted pinbar wkly candle close? The t/f remains in a general uptrend with the last few fractal prints being a HH (2445,) HL (1992,) L (1840) and the HH (@ 2448.) Price decisively breached the ascending t/line that joined 0327 with 1840, to the downside this week.
Dly Weds saw a bullish engulfing candle that had no upside follow-thru as Thurs produced a bearish engulfing (of prev 2 candles) thrust candle that did see a (downside) follow-thru to a new lo, with Fri's bearish thrust candle close. The t/f does however remain in a weakened general uptrend under some pressure now of breaking down. It's last few fractal prints have been that HH (2448,) HL (2263,) LH (2430,) 2nd LH (2401,) and what will be a L when it forms fractally - @ Friday's/the wkly lo or lower.
4HR This t/f saw a classic (downside) b/o of it's recently established 2448-2262 range, a pullback to it, and a further leg down. The t/f is now just about in a classic downtrend, it's last few fractal prints being a L (2272,) H (2401,) LH (2265,) and what will be a LL now when it forms fractally - @ Friday's/the wkly lo or lower. The 4hr oscillators have just tipped into o/s (oversold) territory.
-------------------------------------------------------------
So, After such a strong move over the last 2 days (348pips to the downside,) it might be reasonable to expect a pullback (at least) @ some time. Thursday's strong move down saw this before the further leg down on Friday. The wkly and Friday's Dly candle in particular do suggest a downside follow-thru @ some point during the week.

Mthly, Wkly, Dly, 4Hr, & 10/20/50 ema crosses below.
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Trader with an Edge.
  • #726,266
  • Feb 4, 2023 3:12am Feb 4, 2023 3:12am
Quoting ninner
{quote} demo????
So what if it is? what's your point...
  • #726,267
  • Feb 4, 2023 3:34am Feb 4, 2023 3:34am
Quoting Whale
Price getting closer to my sl strong bears, I should have take the +10 but the greed. anyway, the new low make the 1.2147 strong support zone and price will continue the journey to parity from there-just idea... {image}
my SL hit
-26 pips.

But it was awesome week anyway.

i think 1.203 max area should act as support for a little retracement to around 1.214X maybe more maybe less.

but the road to hell will keep on much further down.
  • #726,268
  • Feb 4, 2023 3:42am Feb 4, 2023 3:42am
Quoting Whale
{quote} my SL hit -26 pips. But it was awesome week anyway. i think 1.203 max area should act as support for a little retracement to around 1.214X maybe more maybe less. but the road to hell will keep on much further down.
Yeah sentiment on gbpusd changed. We'll go down.
  • #726,269
  • Edited 4:15am Feb 4, 2023 4:01am | Edited 4:15am
Quoting Waveskierrob
{quote} So what if it is? what's your point...
Hey Waveskie..... nothing new here...

This is a behavior that often occurs in the trading social network/group, when an under achiever is jealous of over achiever.
She will try to diminish how people view the other traders success.
She may promote the idea that her rival did not earn success through hard work and competency.

She feels inadequate in absolutely every way, so resorts to this.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,270
  • Feb 4, 2023 4:05am Feb 4, 2023 4:05am
CLINICAL isn't ?
We'll make a lot of profit this week...

See you on Monday!

@BigNumbers
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My telegram: https://t.me/avidforex
  • #726,271
  • Feb 4, 2023 4:14am Feb 4, 2023 4:14am
Quoting dempire1
{quote} oooof they busy taking photoshop courses
too many order to photoshop.
here's the current one.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,272
  • Feb 4, 2023 4:18am Feb 4, 2023 4:18am
Quoting Pat Chiko
{quote} Hey Waveskie..... nothing new here... This is a behavior that often occurs in the trading social network/group, when an under achiever is jealous of over achiever. She will try to diminish how people view the other traders success. She may promote the idea that her rival did not earn success through hard work and competency. She feels inadequate in absolutely every way, so resorts to this. {image}
Yet another classic post from Chiko...
  • #726,273
  • Feb 4, 2023 4:23am Feb 4, 2023 4:23am
BTCUSD LONG
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My telegram: https://t.me/avidforex
  • #726,274
  • Feb 4, 2023 4:38am Feb 4, 2023 4:38am
Quoting Waveskierrob
{quote} Recession, personally I've not seen any signs of it myself, not to say that a lot of folks aren't suffering, media blow things way out of proportion, ftse doing very well which is a fact , I don't trust the media any more but as always we'll see....
Hey Waveskie,

You've not seen the "REAL" inflation yet.
All the while you only see " Reported" inlafaltion.......

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Girl on left:
“You broke, you can’t touch these”
Damn inflation
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,275
  • Feb 4, 2023 4:48am Feb 4, 2023 4:48am
Quoting tradexyz
{quote} become a vulture fund raider$$tocks will go diarrhea... buy backs "deluted delusional mist" ask the swiss iron MAIDEN Chastity belt gigo china RARE eh
Is this encrypted jargon you use in Mexico city?
  • #726,276
  • Feb 4, 2023 5:00am Feb 4, 2023 5:00am
Quoting Pat Chiko
{quote} Hey Waveskie, You've not seen the "REAL" inflation yet. All the while you only see " Reported" inlafaltion....... {image} Girl on left: “You broke, you can’t touch these” Damn inflation
Damn inflation ahahaha..
Would be boring without you here man..
  • #726,277
  • Edited 5:42am Feb 4, 2023 5:21am | Edited 5:42am
I guess Fed won and rally is over. Weekly candle close is VERY convincing. Rally gave us more than 2000 pips and more than 2500 pips retracement on USD/JPY which is HUGE.

If BOJ doesn't raise IR and Kuroda will definitely not it seems, USD/JPY could go to 140 now, return to 135 and bounce from 135 up reaching the highs yet again. We'll see..

Also, EUR/USD confirmed Short on Daily chart finally. Monday could be a retracement and that retracement is probably the high that will last for a while in my opinion.

Sometimes this strong Friday (NFP) lasts through Monday as well, so it's not insane to see 1.19 on Monday and only on Tuesday a retracement.

Now, I am focusing on Yen pairs and will try the same with Yen as I did with USD. I'll see..

I also noticed all the pairs closed below yellow line on Monthly Chart at exactly 50% Fibo. Now, they gave the wick down on USD/JPY and are heading up in my opinion. Could be wrong, of course. This is like that time when we were seeing USD over 145 and threats from BOJ were coming every day. Again, I think it will take some time for people to adjust that rally might be over as was the case with USD/JPY.

I would be very happy to see that perhaps rally isn't over and we break 1.245, because then I could sell again.
  • #726,278
  • Feb 4, 2023 5:21am Feb 4, 2023 5:21am
Quoting Pat Chiko
{quote} Hey Waveskie, You've not seen the "REAL" inflation yet. All the while you only see " Reported" inlafaltion....... {image} Girl on left: “You broke, you can’t touch these” Damn inflation
It's there by law too.
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You have an IQ lower than 90 if you interact with this user.
  • #726,279
  • Feb 4, 2023 6:27am Feb 4, 2023 6:27am
Quoting dantpm
{quote} NFP was one of many indicators that the FED uses to guide them. The reported December data was more than 3x greater than the data reported in any other month in 2022 and 5x greater than the preliminary data on Wednesday this week! The US$ has weakened simply because it isn't significantly stronger than the other currencies. The US economy is suffering less than most of the European economies but more than most global economies because of this war that the US/Ukraine continues to fight with Russia. I find it deploring that Pres. Biden brags...
Nfp is good news
Bringing employment in from Europe is bright future

UK stopped EU workers, look what is hapenning, Europeans chose to return and work in EU.
Farmers, NHS, hospitality industry is safferring, labor shortage.
  • #726,280
  • Feb 4, 2023 6:51am Feb 4, 2023 6:51am
Quoting SnailFX
I guess Fed won and rally is over. Weekly candle close is VERY convincing. Rally gave us more than 2000 pips and more than 2500 pips retracement on USD/JPY which is HUGE. If BOJ doesn't raise IR and Kuroda will definitely not it seems, USD/JPY could go to 140 now, return to 135 and bounce from 135 up reaching the highs yet again. We'll see.. Also, EUR/USD confirmed Short on Daily chart finally. Monday could be a retracement and that retracement is probably the high that will last for a while in my opinion. Sometimes this strong Friday (NFP) lasts...

i truly thought we were going to 1,24500, hope it does so we can sell
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