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Cable Update (GBPUSD)

  • #728,601
  • Feb 14, 2023 3:43am Feb 14, 2023 3:43am
Quoting catch22
{quote} really? care to explain?
Pip stands for "Powell's Ingenious Plan".

No.. haha .

"In finance, specifically in foreign exchange markets, a percentage in point or price interest point is a unit of change in an exchange rate of a currency pair."
  • #728,602
  • Feb 14, 2023 3:43am Feb 14, 2023 3:43am
GBPUSD price action on the H4 time frame is issuing a bullish retest of the broken down rising flag (channel) and potentially the 1.22500/1.21830 H4 tf supply (black). A bearish shift within that confluence, which also aligns with the 50/61.8 Fib retracement of the 1.23950/1.19570 bearish trading range will pique my interest for a sell swing trade.

I may be wrong. Trade safe, prosper.

KP

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Quoting KeenPips
Here's a technical perspective on GBPUSD by a medium-term swing trader. GBPUSD price action is presently sideways on the daily time frame. It made a bearish rejection of the 1.22600/1.24700 horizontal resistance zone (red) seven days ago, but there was no bearish follow-through throughout last week. A bearish breakdown of the sideways may see a southward drive towards the 1.18700 handle (blue). I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #728,603
  • Feb 14, 2023 3:44am Feb 14, 2023 3:44am
Quoting SnailFX
{quote} Pip stands for "Powell's Ingenious Plan". No.. haha . "In finance, specifically in foreign exchange markets, a percentage in point or price interest point is a unit of change in an exchange rate of a currency pair."
Now you're talking
  • #728,604
  • Feb 14, 2023 3:44am Feb 14, 2023 3:44am
2185 back to 2140 and then up again to me today
Intraday only.
  • #728,605
  • Feb 14, 2023 3:44am Feb 14, 2023 3:44am
Quoting catch22
{quote} what's the difference? "Pips" is such a g*y word.
Then I am pretty sure your profit was 1000 pts and not 100.
  • #728,606
  • Feb 14, 2023 3:51am Feb 14, 2023 3:51am
Changing horse to cross the river.

usdchf long 0.9165 added
POSTMASTER
  • #728,607
  • Feb 14, 2023 3:52am Feb 14, 2023 3:52am
Quoting dantpm
{quote} Then I am pretty sure your profit was 1000 pts and not 100.
I'm just used to talk about %s and points. I trade other markets too, not just FX.

besides, fx futures don't have 5 decimals so technically a point is a pip. This anomaly comes from the spot retail market with huge leverage opportunity that is purely created for gamblers. The idea was to break the spread even smaller to lure in more gamblers. And pip is a branded word for these gamblers.

But sure, let's go with pips here.
  • #728,608
  • Feb 14, 2023 3:54am Feb 14, 2023 3:54am
Quoting DrDave
{quote} CPI Classified Perfunctory Information The government is full of it, so they classify it to keep it from the average citizen.
I took the liberty of joking with Don SnailFx, I hope he didn't mind. Thank you
POSTMASTER
  • #728,609
  • Feb 14, 2023 3:55am Feb 14, 2023 3:55am
Quoting Robinhood1
Changing horse to cross the river. usdchf long 0.9165 added
There could be some room to around 0.9130
POSTMASTER
  • #728,610
  • Feb 14, 2023 3:58am Feb 14, 2023 3:58am
Going short @1.21936 GU
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  • #728,611
  • Feb 14, 2023 4:00am Feb 14, 2023 4:00am
took short eu
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yes yes yes
  • #728,612
  • Feb 14, 2023 4:06am Feb 14, 2023 4:06am
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yes yes yes
  • #728,613
  • Edited 4:19am Feb 14, 2023 4:06am | Edited 4:19am
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expect more weather balloons...stealth...slow and steady wins the race...
  • #728,614
  • Feb 14, 2023 4:07am Feb 14, 2023 4:07am
Quoting Pat Chiko
{quote} GU I hope she can reach target soon. {image} Need money to buy lunch.{image}
Congratulations, you have money for lunch. Unfortunately, I've been tricked into getting off by false signals.
Just follow the trend.
  • #728,615
  • Feb 14, 2023 4:10am Feb 14, 2023 4:10am
Quoting Robinhood1
{quote} I took the liberty of joking with Don SnailFx, I hope he didn't mind. Thank you
Biden agrees!
  • #728,616
  • Feb 14, 2023 4:10am Feb 14, 2023 4:10am
Quoting Pat Chiko
{quote} GU I hope she can reach target soon. {image} Need money to buy lunch.{image}
GU

Finally to target.
That was a luck, for me to buy lunch.

GTG, be back later to trade during CPI data release.

Take care.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,617
  • Feb 14, 2023 4:12am Feb 14, 2023 4:12am
Quoting lucaswalliam
{quote} Congratulations, you have money for lunch. Unfortunately, I've been tricked into getting off by false signals.
My luck day, i assume.
Still learning how to trade like a pro.

Take care and trade safe.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,618
  • Feb 14, 2023 4:14am Feb 14, 2023 4:14am
Quoting Pat Chiko
{quote} My luck day, i assume. Still learning how to trade like a pro. Take care and trade safe.
I think Messi should try playing football, he seems good.

Likewise, you should also try trading, you seem good.
Try and see, who knows.. you might be good at trading.

LoL
  • #728,619
  • Feb 14, 2023 4:15am Feb 14, 2023 4:15am
Quoting SnailFX
Resistance Levels according to H4 and Daily Chart.. ~1.22089 ~1.22392 ~1.22948 {image} {image}
1.22089 is close. Pushing for 1.22392?
  • #728,620
  • Feb 14, 2023 4:17am Feb 14, 2023 4:17am
Quoting lucaswalliam
{quote} Congratulations, you have money for lunch. Unfortunately, I've been tricked into getting off by false signals.
im still shorting, i believe we will see a drop maybe not a straight one but dribs and drabs .. call it correction or to a previous resistance area initial target for me is 12120 but as always i will assess as the day goes on
Insane in the Brain..
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