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Cable Update (GBPUSD)

  • #730,341
  • Feb 20, 2023 2:48am Feb 20, 2023 2:48am
Quoting Pat Chiko
{quote} GU Now ready add. Waiting for G sweet spot.{image}
The next sweet spot appears to favor a LONG back up.
But who am I to counter your position?!
I exited my SHORTS though.
I'll sit back a bit and observe.
Good morning, sir.
  • #730,342
  • Feb 20, 2023 2:50am Feb 20, 2023 2:50am
Gbpusd support at 1.20150. Long term trend is down as Pat has drawn.
  • #730,343
  • Feb 20, 2023 2:51am Feb 20, 2023 2:51am
Quoting pipcenturion
1.2024 might have buyers there. GU might need to go up to 1.209X so that UJ falls to 133.55
The 1.2013 is in question
Attached Image (click to enlarge)
Click to Enlarge Name: gu 007.jpg Size: 272 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,344
  • Feb 20, 2023 2:55am Feb 20, 2023 2:55am
Quoting BrainBucks
{quote} The next sweet spot appears to favor a LONG back up. But who am I to counter your position?! I exited my SHORTS though. I'll sit back a bit and observe. Good morning, sir.
Don't worry.

Our purpose here is to have an open discussion about trades, where we can share our ideas and strategies with each other, whether they are for or against each other.

By doing this, we hope to develop into successful traders.
So please keep sharing your ideas, as they may help both myself and others.

As for GU, it seems to be undecided on which direction it wants to go today.
It's possible that it may take us for a short ride and then switch back to its intended direction.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,345
  • Feb 20, 2023 2:58am Feb 20, 2023 2:58am
Quoting pipfarm
2076 before correcting to 1980 then up to 2136 H1
I agree that is a good stopping point, but that 1.21 magnet is not far away: That could elicit a spike up to there.
To free Gazans of Hamas, use whatever it takes.
  • #730,346
  • Feb 20, 2023 3:03am Feb 20, 2023 3:03am
buy - 1.2040

stop loss - 1.2020
Together we can be strongest
Vantage Return This Month: na
  • #730,347
  • Feb 20, 2023 3:06am Feb 20, 2023 3:06am
1.20800 could be our next stop
  • #730,348
  • Feb 20, 2023 3:06am Feb 20, 2023 3:06am
Quoting Pat Chiko
{quote} The 1.2013 is in question {image}
I better stop now, need to go for wee wee.
No clear direction during London.


Attached Image (click to enlarge)
Click to Enlarge Name: toilet bowl.jpg Size: 35 KB
And I better stop drinking coffee.
Saw this after my 2nd cup.

Must find alternative drinks to replace coffee. Not good for my mental illusion.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,349
  • Feb 20, 2023 3:06am Feb 20, 2023 3:06am
Quoting DrDave
{quote} I agree that is a good stopping point, but that 1.21 magnet is not far away: That could elicit a spike up to there.
I very much like the sound of that
Attached Image (click to enlarge)
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  • #730,350
  • Feb 20, 2023 3:08am Feb 20, 2023 3:08am
Quoting Pat Chiko
{quote} The 1.2013 is in question {image}
1.2013 is very clearly supported. I don't think it will be broken and GU is still bullish until it refreshes the highs.
Just follow the trend.
  • #730,351
  • Feb 20, 2023 3:10am Feb 20, 2023 3:10am
Quoting Houtbay
1.20800 could be our next stop
Agree! GU can only go up further if it can break 1.208 now.
Just follow the trend.
  • #730,352
  • Feb 20, 2023 3:23am Feb 20, 2023 3:23am
...current London lo challenged top of a prev 4hr sw hi then (and 1hr) lo zone that extends down to 2014-Asian lo/current dly lo, also in a prev 30min sw lo zone ...bottom of this coexistent with a prev 30min sw hi zone that extends to 38.2% fri lo - current dly hi move / dly pivot - circa 2001.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Trader with an Edge.
  • #730,353
  • Feb 20, 2023 3:30am Feb 20, 2023 3:30am
Quoting eyefeelsix
{quote} when I know I'm wrong, time to escape - close BEP {image}
I try to turn around
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 24 KB
https://breakpullback.com
  • #730,354
  • Feb 20, 2023 3:37am Feb 20, 2023 3:37am
Quoting BrainBucks
{quote} I very much like the sound of that {image}
BE and switch positions.
  • #730,355
  • Feb 20, 2023 3:40am Feb 20, 2023 3:40am
1.20137 is the key
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-02-20-11-39-11-276-edit_net.metaquotes.metatrader4.jpg Size: 607 KB
yes yes yes
  • #730,356
  • Feb 20, 2023 3:42am Feb 20, 2023 3:42am
Quoting lucaswalliam
{quote} Agree! GU can only go up further if it can break 1.208 now.
What about the pullbacks that are part of bulding an up swing of a higher TF? You don't count that as going down? I count it going down enough that my trades so far today have been sells.
To free Gazans of Hamas, use whatever it takes.
  • #730,357
  • Feb 20, 2023 3:43am Feb 20, 2023 3:43am
Quoting Moty
1.20137 is the key {image}
Unfortunately, the reality dictates that you only get the key after the lock is already unlocked.
To free Gazans of Hamas, use whatever it takes.
  • #730,358
  • Feb 20, 2023 3:44am Feb 20, 2023 3:44am
Quoting Headland
...there is a repeating pattern of 2hr bearish hidden div @ current dly hi valid whilst under 2074. What chances a further upside follow thru on Friday's bullish hammer dly candle at some point thouugh?
Today, she's exhibiting an attitude of playing hard to get.
As any other Mondays, she's typically not in the mood to play.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #730,359
  • Feb 20, 2023 3:49am Feb 20, 2023 3:49am
Quoting BrainBucks
{quote} BE and switch positions.
It's a real tight SL range, so stopped out now.
But it's a chokehold formation for me from here.
I'll take the tight hits, but I'm gonna hold on.
Whenever and wherever it decides to head from current price, I'll be on that ride!
  • #730,360
  • Feb 20, 2023 3:50am Feb 20, 2023 3:50am
Quoting Moty
1.20137 is the key {image}
Possibly, this is a good support level. Why don't you wait for a break down and take a short order?
Just follow the trend.
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