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Cable Update (GBPUSD)

  • #732,141
  • Edited 2:09am Feb 27, 2023 12:58am | Edited 2:09am
Bought GBPUSD at 1.1930, SL 20 pips, TP 1.1982.

I have closed the trade at 1.19601 (DXY at today's low, probably will see resistance from there)
  • #732,142
  • Feb 27, 2023 1:06am Feb 27, 2023 1:06am
Quoting DrDave
{quote} Becaue EURUSD and GBPUSD are both moving in the same direction, USDJPY is the preferred pair to trade when those 3 yen pairs are moving in the same direction.
Please check what you have said in this post. Not sure it is what you intended.
  • #732,143
  • Feb 27, 2023 1:08am Feb 27, 2023 1:08am
Quoting DrDave
{quote} Thanks for that explanation. The strength of every pair is TF dependent. So which TF are you using for your determinations of strength?

monthly
My telegram: https://t.me/avidforex
  • #732,144
  • Feb 27, 2023 1:11am Feb 27, 2023 1:11am
Quoting tehtawar
Tight SL, nice set up {image}
The cost of trial and error may be high.
Just follow the trend.
  • #732,145
  • Feb 27, 2023 1:13am Feb 27, 2023 1:13am
Quoting lucaswalliam
{quote} The cost of trial and error may be high.
please see R:R before complaining
demo tok kenal barey boh!
  • #732,146
  • Feb 27, 2023 1:21am Feb 27, 2023 1:21am
Quoting navk
{quote} First, for me, the price likely to rise from 1925/1900 for 2000 or r1 today
Here we go
Last h4 candle if forming to be bullish
Attached Image(s) (click to enlarge)
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yes yes yes
  • #732,147
  • Feb 27, 2023 1:22am Feb 27, 2023 1:22am
Quoting kidd0
{quote} please see R:R before complaining
"May be" is a very important word, after all, I am just an ordinary person, I just provide a possibility.
BTW, why don't you fund me to become President of the United States? You'll get more in return, and R:R is huge.
Just follow the trend.
  • #732,148
  • Feb 27, 2023 1:26am Feb 27, 2023 1:26am
Quoting lucaswalliam
{quote} "May be" is a very important word, after all, I am just an ordinary person, I just provide a possibility. BTW, why don't you fund me to become President of the United States? You'll get more in return, and R:R is huge.
may be didn't exist if you see the technical detail... we don't trade using maybe, if, else, or ....
demo tok kenal barey boh!
  • #732,149
  • Feb 27, 2023 1:29am Feb 27, 2023 1:29am
Quoting tehtawar
Tight SL, nice set up {image}
Stopped out
Lick my SL, and go North.

Next
Stay low, Go fast - No luck, All skill
  • #732,150
  • Feb 27, 2023 1:32am Feb 27, 2023 1:32am
Quoting tehtawar
{quote} Stopped out Lick my SL, and go North. Next
tooo salty maybe... good luck bro
demo tok kenal barey boh!
  • #732,151
  • Feb 27, 2023 1:34am Feb 27, 2023 1:34am
DX
if we are above S lines = buy usd (sell tops of gbp,eurusd)
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #732,152
  • Feb 27, 2023 1:37am Feb 27, 2023 1:37am
Short @ 1.1952 TP 1.1900 buy at tp no sl
  • #732,153
  • Feb 27, 2023 1:49am Feb 27, 2023 1:49am
Quoting dantpm
{quote} Please check what you have said in this post. Not sure it is what you intended.
Perhaps I was not clear about direction.

At the time he posted, EURUSD and GBPUSD were both going down while the 3 yen pairs were going up. In that scenario, USD is the strongest of the 4 currencies and JPY the weakest. Hence, USDJPY is the preferred pair to trade (buy).
To free Gazans of Hamas, use whatever it takes.
  • #732,154
  • Feb 27, 2023 1:54am Feb 27, 2023 1:54am
Waiting for Asia high to be taken for a sell
  • #732,155
  • Feb 27, 2023 1:56am Feb 27, 2023 1:56am
Quoting kidd0
{quote} may be didn't exist if you see the technical detail... we don't trade using maybe, if, else, or ....
Yes, there is no "maybe, probably" in forex trading. But that's not what we're talking about. You are avoiding the topic.
Obviously, I don't disagree with his point.
What you are saying is that as long as R:R is appropriate, the rest doesn't matter.
So, when are you going to fund me to become president, I'm more concerned about that.
Just follow the trend.
  • #732,156
  • Feb 27, 2023 1:59am Feb 27, 2023 1:59am
GBPUSD update
if we stay above yellow line, we could rise higher
but DX must fall lower...
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #732,157
  • Feb 27, 2023 2:03am Feb 27, 2023 2:03am
Short scalp 1.1963 target 1.1940. A retest is likely possible
  • #732,158
  • Feb 27, 2023 2:21am Feb 27, 2023 2:21am
Attached Image (click to enlarge)
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yes yes yes
  • #732,159
  • Feb 27, 2023 2:33am Feb 27, 2023 2:33am
Short at 1.19603, TP 1.19381, SL 1.19803
  • #732,160
  • Feb 27, 2023 2:33am Feb 27, 2023 2:33am
Attached Image (click to enlarge)
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yes yes yes
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