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Cable Update (GBPUSD)

  • #737,121
  • Mar 21, 2023 8:21am Mar 21, 2023 8:21am
My View GU: H4
May be tomorrow ...... PA will tell us, what to do.
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Intraday Trading is an Art _ hoda
  • #737,122
  • Mar 21, 2023 8:23am Mar 21, 2023 8:23am
Quoting navk
I should not be greedy. Took short trades early in Asia. Then some long trades in London. Then short, long, short, long scalps ( ) in NY session. Now all over. May not trade again today unless the price tries to test the lows at the end of NY which I will long. {image}

Intraday Trading is an Art _ hoda
  • #737,123
  • Mar 21, 2023 8:24am Mar 21, 2023 8:24am
Range area now.. 12210-12225 ideal place to get trades in for pre FOMC trading
Insane in the Brain..
  • #737,124
  • Mar 21, 2023 8:29am Mar 21, 2023 8:29am
Quoting ForexGoose
long from 1.225, target 1.23, stop under 1.22
about to be stopped out...
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,125
  • Mar 21, 2023 8:33am Mar 21, 2023 8:33am
Long taken at 12207 open TP
Insane in the Brain..
  • #737,126
  • Mar 21, 2023 8:33am Mar 21, 2023 8:33am
Quoting Zairul
I apologize for the confusion earlier. If the forecast for CPI y/y for GBP is 9.9%, then this would indicate a significant increase in inflation compared to the previous figure. Such a large increase in inflation could lead to increased pressure on the Bank of England to consider raising interest rates in order to maintain price stability, which could lead to a strengthening of the GBP. However, it's important to note that forecasted figures are subject to change based on a variety of factors, so it's always important to monitor economic data releases...
Last time i asked chatgpt it said it cannot access real time data nor predict/forecast a movement
More time in the market, does not mean you trade better!
  • #737,127
  • Mar 21, 2023 8:33am Mar 21, 2023 8:33am
Quoting BigNumbers
{quote} were you able to time the entry ?
I was triggered when H1 turned to be bearish, and I am also waiting for H4 to turn bearish. If it happens, I will strength shorts targeting fib extensions 2.618, 4.236.
That is the plan. RR shouldn't be less than ~1.6! Of course, if H4 can turn to bearish and I load, some of the existing shorts will be BE.

Good luck!

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Anything is math!
  • #737,128
  • Mar 21, 2023 8:35am Mar 21, 2023 8:35am
Quoting LifeRider
How unfortunate... {image}
Yay.
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I have no clue where it's going
  • #737,129
  • Mar 21, 2023 8:36am Mar 21, 2023 8:36am
gbpusd update
I want to see we will touch white line
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Trendlines H1,H4, SMC
  • #737,130
  • Mar 21, 2023 8:36am Mar 21, 2023 8:36am
Quoting ForexGoose
{quote} about to be stopped out...
Tired bull, taking rest for tomorrow's run.
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Intraday Trading is an Art _ hoda
  • #737,131
  • Mar 21, 2023 8:39am Mar 21, 2023 8:39am
Quoting hoda
{quote} Tired bull, taking rest for tomorrow's run. {image}
yup exactly!
Insane in the Brain..
  • #737,132
  • Mar 21, 2023 8:39am Mar 21, 2023 8:39am
Quoting ForexGoose
{quote} about to be stopped out...
stopped out, I expect more whipsawing in this pair in the near-term

it looks like the big boys will take the price to extremes, with the high near 1.23 and the low at around 1.20
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,133
  • Mar 21, 2023 8:40am Mar 21, 2023 8:40am
Quoting ForexGoose
{quote} about to be stopped out...
nice
  • #737,134
  • Mar 21, 2023 8:42am Mar 21, 2023 8:42am
Attached Image (click to enlarge)
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1.220 is crucial area. Would love to see new low to around 1.204 area but as always not going to predict but react to what PA does.
How to succeed in zero sum game?
  • #737,135
  • Mar 21, 2023 8:42am Mar 21, 2023 8:42am
I have stopped trading the Asian session. I want to concentrate on London session and a portion of NY session. I need to start planing my day now.
My telegram: https://t.me/avidforex
  • #737,136
  • Mar 21, 2023 8:51am Mar 21, 2023 8:51am
DX and GBP update
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Trendlines H1,H4, SMC
  • #737,137
  • Mar 21, 2023 8:58am Mar 21, 2023 8:58am
Probably 2178 will be low of the day to me
Intraday only.
  • #737,138
  • Mar 21, 2023 8:58am Mar 21, 2023 8:58am
finish safely
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  • #737,139
  • Mar 21, 2023 8:59am Mar 21, 2023 8:59am
Quoting navk
Probably 2178 will be low of the day to me
I think so too… possible retrace to 12220-30 area on the cards as that was last place of support earlier
Insane in the Brain..
  • #737,140
  • Mar 21, 2023 9:04am Mar 21, 2023 9:04am
Quoting Bones
{quote} They can charge up to 6% of expenses; it's a non-profit or, right now, loss operation. However, I don't trust that setup more than any other outsider looking at it.
They earn a 6% dividend on their capital and surplus contribution, however, they only have to actually put up 3% of the capital contribution. I still wish I could get returns like that on investments. Essentially a 200% annual return on what I invest plus administrative costs.
https://www.cga.ct.gov/PS95/rpt/olr/...0are%20located.
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