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Cable Update (GBPUSD)

  • #734,881
  • Mar 8, 2023 8:58pm Mar 8, 2023 8:58pm
Quoting silverjazz
from sleeping into wakeup the price is still ranging.. better to take another sleep.. 😂😴
Go ahead and sleep again until frankfurt.
This is stillcurrently stuck in a range.
Exhausted
  • #734,882
  • Mar 8, 2023 9:53pm Mar 8, 2023 9:53pm
The price likely to drop below asian high, 1855.

Took short with stop 1855.
Intraday only.
  • #734,883
  • Mar 8, 2023 10:23pm Mar 8, 2023 10:23pm
Quoting navk
The price likely to drop below asian high, 1855. Took short with stop 1855.
short is not a good idea at the moment mate.
  • #734,884
  • Mar 8, 2023 10:58pm Mar 8, 2023 10:58pm
Quoting navk
The price likely to drop below asian high, 1855. Took short with stop 1855.
stopped out
Intraday only.
  • #734,885
  • Mar 8, 2023 10:58pm Mar 8, 2023 10:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 13 KB
yes yes yes
  • #734,886
  • Mar 8, 2023 11:01pm Mar 8, 2023 11:01pm
Looks like a stophunt + double top to me.
We'll see
Exhausted
  • #734,887
  • Mar 8, 2023 11:27pm Mar 8, 2023 11:27pm
Straight up... after low range yesterday.
Intraday only.
  • #734,888
  • Mar 8, 2023 11:50pm Mar 8, 2023 11:50pm
Today or tomorrow dxy should close above 105.88

Idk what will happen in terms of GU but my eyes on 1.164 for this week, tough but doable.
  • #734,889
  • Edited Mar 9, 2023 12:15am Mar 8, 2023 11:54pm | Edited Mar 9, 2023 12:15am
NFP Tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-03-09-11-35-21-52_0b2fce7a16bf2b728d6ffa28c8d60efb.jpg Size: 520 KB
  • #734,890
  • Mar 8, 2023 11:57pm Mar 8, 2023 11:57pm
Quoting karankeni
NFP Tomorrow {image}
I thought Jan 2023 reported in Feb 2023 was a 517k NFP month?
  • #734,891
  • Mar 9, 2023 12:16am Mar 9, 2023 12:16am
Quoting dantpm
{quote} I thought Jan 2023 reported in Feb 2023 was a 517k NFP month?
Done
  • #734,892
  • Mar 9, 2023 12:31am Mar 9, 2023 12:31am
Quoting Whale
Today or tomorrow dxy should close above 105.88 Idk what will happen in terms of GU but my eyes on 1.164 for this week, tough but doable.
Yea, my gut says DXY is headed up to Daily supply so i see the 'Powell' high being taken out too, possibly today

keeping a short bias.

i see 1.1879 as a sell level. or 1.1861. cant decide
  • #734,893
  • Mar 9, 2023 12:41am Mar 9, 2023 12:41am
wouldnt shock me if the DXY corrected abit. There is money to be collected below on the DXY!!!
  • #734,894
  • Mar 9, 2023 12:59am Mar 9, 2023 12:59am
sold at 1.1860 for 20 pips
  • #734,895
  • Mar 9, 2023 1:04am Mar 9, 2023 1:04am
another shortday like yesterday i think. will only take shorts.
trading is like dancing, don't think and just listen to the music!
  • #734,896
  • Mar 9, 2023 1:06am Mar 9, 2023 1:06am
Quoting mysterio
sold at 1.1860 for 20 pips
Don't you think 1.18654 should be taken first
  • #734,897
  • Mar 9, 2023 1:07am Mar 9, 2023 1:07am
Quoting birdland
another shortday like yesterday i think. will only take shorts.
what level you thinking ?

I see a bounce at 1.1839 and best case a sell above the asia high at 1.1879. lets see
  • #734,898
  • Edited 1:19am Mar 9, 2023 1:08am | Edited 1:19am
Quoting AlfieSolomon
{quote} Don't you think 1.18654 should be taken first
yea later

Frankie open is good for catching the fake breakouts, you can see a bull flag brokeout drawing traders in then it was sitting on a row of buy breakout limits so a sell at 7am was inevitable

i should say i go in pretty heavy with tight stops so 20 pips is a lot to me. already scaled out

if it does break up, turns on 1.1879 area then i see today as a classic sell day model, hold for adr

best guess sketched on image below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #734,899
  • Mar 9, 2023 1:15am Mar 9, 2023 1:15am
Quoting mysterio
{quote} what level you thinking ? I see a bounce at 1.1839 and best case a sell above the asia high at 1.1879. lets see
i have already shorts running from tuesday and yesterday and will add one between 1860-1875 zone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
trading is like dancing, don't think and just listen to the music!
  • #734,900
  • Mar 9, 2023 1:15am Mar 9, 2023 1:15am
Quoting mysterio
{quote} yea later Frankie open is good for catching the fake breakouts, you can see a bull flag brokeout drawing traders in then it was sitting on a row of buy breakout limits so a sell at 7am was inevitable i should say i go in pretty heavy with tight stops so 20 pips is a lot to me. already scaled out
Got you thanks for the insight
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