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Cable Update (GBPUSD)

  • #736,401
  • Mar 15, 2023 11:36pm Mar 15, 2023 11:36pm
I am almost convinced that we will see 1.2320 real soon.
Gold did its own buy for GU didn't.
  • #736,402
  • Mar 15, 2023 11:45pm Mar 15, 2023 11:45pm
Quoting pipcenturion
{quote} We might be seeing price a bit higher sir. 1.2153 - 1.2180 is where I expect sellers to step in.
agreed
  • #736,403
  • Mar 15, 2023 11:48pm Mar 15, 2023 11:48pm
Quoting pipcenturion
{quote} We might be seeing price a bit higher sir. 1.2153 - 1.2180 is where I expect sellers to step in.
holding same view.
  • #736,404
  • Mar 16, 2023 12:05am Mar 16, 2023 12:05am
I'll take a quick short @2076 before the gurus' anticipated run up kicks in.
  • #736,405
  • Mar 16, 2023 12:20am Mar 16, 2023 12:20am
Quoting pipcenturion
{quote} We might be seeing price a bit higher sir. 1.2153 - 1.2180 is where I expect sellers to step in.

There shouldn’t b any seller at 1.2180 anymore for Thursday cus we just came from there

going back above 50% is not a retracement rather a change of trend

if market see 1.2150 to 80 again this week it shouldn’t be a selling point
MY OPINION NOT FINANCIAL ADVISE
  • #736,406
  • Mar 16, 2023 12:24am Mar 16, 2023 12:24am
Quoting BrainBucks
I'll take a quick short @2076 before the gurus' anticipated run up kicks in.
I'm out! Methinks I'll side with dem gurus now UP UP FLY
  • #736,407
  • Mar 16, 2023 12:25am Mar 16, 2023 12:25am
Quoting donfriday
{quote} There shouldn’t b any seller at 1.2180 anymore for Thursday cus we just came from there going back above 50% is not a retracement rather a change of trend if market see 1.2150 to 80 again this week it shouldn’t be a selling point
I understand why you picked the 1.207X price for a sell but my VAP is forward looking and already projects 1.2153
If this be the case, then we have no other weekly open price until way higher.

Check the daily chart (February 1, 2023) to see where we had demand consumed completely by the next day's candle.

Price needs to go back there
  • #736,408
  • Mar 16, 2023 1:24am Mar 16, 2023 1:24am
Quoting pipcenturion
I am almost convinced that we will see 1.2320 real soon. Gold did its own buy for GU didn't.
may i know under what basic you come out this conclusion? i would happy to learn your thought
  • #736,409
  • Mar 16, 2023 1:25am Mar 16, 2023 1:25am
Quoting eyefeelsix
{quote} I'm done for the day, I have to respect my decision. -55p total losses GU in 2days {image}
try to follow what the market wants, not what I want.

there is no revenge in my trading rules, everything will be fine by itself..
Attached Image (click to enlarge)
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--- It's a Beautiful Day, let's coffee Cheers
https://breakpullback.com
  • #736,410
  • Mar 16, 2023 1:26am Mar 16, 2023 1:26am
either shorting at 1.2152 or buying at 1.1852 (300pips range)
be patient...be patient...be patient
  • #736,411
  • Mar 16, 2023 1:36am Mar 16, 2023 1:36am
Buy now! 1.2400 next,, I am forecasting an aggressive move to the upside.
My telegram: https://t.me/avidforex
  • #736,412
  • Mar 16, 2023 1:46am Mar 16, 2023 1:46am
Quoting BigNumbers
Buy now! 1.2400 next,, I am forecasting an aggressive move to the upside.
i support this move 🤝
  • #736,413
  • Mar 16, 2023 1:52am Mar 16, 2023 1:52am
Quoting BigNumbers
Buy now! 1.2400 next,, I am forecasting an aggressive move to the upside.
Show your chart, please.
Intraday Trading is an Art _ hoda
  • #736,414
  • Mar 16, 2023 1:52am Mar 16, 2023 1:52am
Quoting BigNumbers
Buy now! 1.2400 next,, I am forecasting an aggressive move to the upside.
The target bit is too far away. I am a short term trader and just like to scalp.
Just follow the trend.
  • #736,415
  • Mar 16, 2023 1:56am Mar 16, 2023 1:56am
Quoting donfriday
{quote} i have a question do you just decide to swing every entry?
Hi Donfriday,
No. I am in recovery mode or should I say an exit strategy. I am hoping for s retrace towards 1.21000 at least where I will offset my losers against my winners with a small profit. My best trade will be locked in at breakeven and some and price must do what it has to thereafter. In theory at least. If price does not retrace and goes straight down, I will have to close one of my longer term trades to offset these trades. Worst case scenario.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #736,416
  • Mar 16, 2023 1:58am Mar 16, 2023 1:58am
Quoting donfriday
{quote} go and open FTMO FREE TRIAL YOU WILL LEARN RISK MANAGEMENT FROM THERE YOU HAVE BEEN TRADING FOR YEARS ENOUGH TO KNOW HOW TO TRADE. EVEN IF YOU ARE A GAMBLER AND YOU HAVE GOOD RISK MANAGEMENT YOU CAN SURVIVE THIS MARKET
the companys quote is "Trade our company's capital Receive up to 90% of profits, we cover the losses."

asking all: when i managed money, i got 25% of the profits at best. how can ftmo pay out 90% of their profits? how is the business model supposed to work?
trading is like dancing, don't think and just listen to the music!
  • #736,417
  • Mar 16, 2023 2:07am Mar 16, 2023 2:07am
Attached Image (click to enlarge)
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yes yes yes
  • #736,418
  • Mar 16, 2023 2:13am Mar 16, 2023 2:13am
Quoting ScalaFX
{quote} Hi Leon, Where you targeting to close all swing? Wish you the best 🍀
Hi Scala,
I may have answered in my reply to DF above.
In addition:
With just over 2 weeks to go to the end of the first quarter I will view a weekly close below 1.20000 as a full swing towards 1.17500 or 1.15000 and I will look to close some of my longer term buy trades and get into some shorts. Failure to close below 1.20000 could see this pair race towards 1.22500 or even 1.25000 in no time from the 20th this month to month end. This will not be unusual for a quarterly close.
Gu has meandered up and down since January and currently sitting at my yearly pivot and yearly open at 1.2055. Traditionally this has not been a good trading period for me and I am just hanging in. April should see more directional moves.
Cheers.
Trade to trade another day
  • #736,419
  • Mar 16, 2023 2:13am Mar 16, 2023 2:13am
Short 2072. TP at least 1990. See if we can go hit the weekly pivot.
  • #736,420
  • Mar 16, 2023 2:17am Mar 16, 2023 2:17am
Quoting Wavegarrick
{quote} Hi Scala, I may have answered in my reply to DF above. In addition: With just over 2 weeks to go to the end of the first quarter I will view a weekly close below 1.20000 as a full swing towards 1.17500 or 1.15000 and I will look to close some of my longer term buy trades and get into some shorts. Failure to close below 1.20000 could see this pair race towards 1.22500 or even 1.25000 in no time from the 20th this month to month end. This will not be unusual for a quarterly close. Gu has meandered up and down since January and currently sitting...

ur numbers here are my setups. for long term
MY OPINION NOT FINANCIAL ADVISE
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