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Cable Update (GBPUSD)

  • #737,381
  • Mar 22, 2023 1:41pm Mar 22, 2023 1:41pm
EURUSD and GBPUSD still very bearish long term. GBPUSD was at 1.03 in Sept.
Trade at your own risk.
  • #737,382
  • Mar 22, 2023 1:52pm Mar 22, 2023 1:52pm
Quoting Pat Chiko
{quote} GU Wave B (green) , completed on H1. Now we wait for another spike for Wave B (indigo) on Daily. I will post another chart on daily TF to show the high porbaility zone. With some luck , we may get to trade, if no luck no trade.... {image}
Big Thanks to Pat Chiko , great precise forecast ,let me catch the ride

FYI
TA view of this spike
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m1-20230322-4-2.jpg Size: 513 KB
  • #737,383
  • Mar 22, 2023 2:03pm Mar 22, 2023 2:03pm
Why for the second night in a row does Oanda switch off their feed for three minutes and then raise the spread to 21 pips...

Wankers. In two minutes they covered 40 pips just with spread movements wiping out two of my positions. I can do that to myself without them...
I have no clue where it's going
  • #737,384
  • Mar 22, 2023 2:08pm Mar 22, 2023 2:08pm
what's the . time change issues rent missing wink wink... H enough tools available
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 48 KB
  • #737,385
  • Mar 22, 2023 2:48pm Mar 22, 2023 2:48pm
Long TP set to 12350 for an overnight session. Will look for TP manually in the morning if it goes big time under no biggie lol
Insane in the Brain..
  • #737,386
  • Mar 22, 2023 2:55pm Mar 22, 2023 2:55pm
Quoting BeeTogether
Long TP set to 12350 for an overnight session. Will look for TP manually in the morning if it goes big time under no biggie lol
risky trade my friend , Bank of England meeting tomorrow. Best wishes!
Master your mind. Master Trading.
  • #737,387
  • Mar 22, 2023 2:58pm Mar 22, 2023 2:58pm
Quoting KareemAliFx
{quote} risky trade my friend , Bank of England meeting tomorrow. Best wishes!
cheers mate. BoE looks like a rate rise with the higher than expected inflation. The talk of pausing it might have disappeared. As you said it is risky, let’s see how the morning trade is.
Insane in the Brain..
  • #737,388
  • Mar 22, 2023 3:44pm Mar 22, 2023 3:44pm
Quoting LifeRider
Why for the second night in a row does Oanda switch off their feed for three minutes and then raise the spread to 21 pips... Wankers. In two minutes they covered 40 pips just with spread movements wiping out two of my positions. I can do that to myself without them...
They do that at the end of every day. It's their system to halt trading for 5 minutes from 4:58 - 5:03 p.m. Eastern Time and widen the spread from 5:00 - 6:00 p.m. To avoid getting stopped out, cancel your tight stop losses before 4:58 p.m, and reinstate them after 6:00 p.m. Simple.
You cannot fail if you never give up.
  • #737,389
  • Mar 22, 2023 4:09pm Mar 22, 2023 4:09pm
Small sell for Gbpusd , stop above the daily hi
Master your mind. Master Trading.
  • #737,390
  • Mar 22, 2023 4:49pm Mar 22, 2023 4:49pm
Quoting KareemAliFx
Small sell for Gbpusd , stop above the daily hi
sorry disregard this I meant to buy I shouldn’t trade high
Master your mind. Master Trading.
  • #737,391
  • Mar 22, 2023 6:13pm Mar 22, 2023 6:13pm
Quoting Pat Chiko
{quote} GU To : tooslow try this, can you enlarge it ?. {image}
Hey Mate, just saw this. Yes, I can click to enlarge. Reason for asking? Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #737,392
  • Mar 22, 2023 6:15pm Mar 22, 2023 6:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW3.png Size: 16 KB


Took out targets 1.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #737,393
  • Mar 22, 2023 6:16pm Mar 22, 2023 6:16pm
Quoting KareemAliFx
{quote} I’m proud and happy with my analysis this week as I just finished a prop challenge in 5 days, verification next! {image}
Nicely done, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #737,394
  • Mar 22, 2023 7:04pm Mar 22, 2023 7:04pm
Quoting Georginson
Hello guys, do note that GBPUSD has equated the range of February being 485 pips... January range was 600+ pips... Last 5 fomc days have seen bullish GBPUSD... Below 1.2320 means 1.2050 is still possible, break and close above 1.2320, means 1.2650 in days ahead. This week expected range is between 250 - 350 pips... So far price has only done 120 pips range with at least 130 more pips to break either 1.2285 or 1.2166.. Trade with caution.
This makes it 6 consecutive bullish fomc days, now I expect some bearish move after BOE as 80% of BOE rate hike days have produced some aggressive selling, also noteworthy that this March has produced 533 pips range, second only to January range of 604 pips...

From weekly range, already 166 pips of expected 250 to 350 pips, which means either high of 1.2335 or low of 1.2166 is still expected to break by at least 70 pips...

Simulations below
1.2166 + 250 pips = 1.2416
1.2335 - 250 pips = 1.2085

I will go for 1.2085 as far as price keeps trading below 1.2320, only a close above 1.2320 will change my plan.

As usual, I may be brutally wrong with no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #737,395
  • Mar 22, 2023 7:06pm Mar 22, 2023 7:06pm
Excellent setup on daily, but must wait for LTF market structure shift, atm sits below 1.226 area so we need a break and retest.
No rush money will wait on the floor.

hope I will catch good entry level , very difficult for me to trade on vacation with 3.5 hours difference
Attached Image (click to enlarge)
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  • #737,396
  • Mar 22, 2023 7:14pm Mar 22, 2023 7:14pm
Bulls are in ! Going to bed , Gbpusd , I’ll see you among the stars !
Master your mind. Master Trading.
  • #737,397
  • Mar 22, 2023 7:17pm Mar 22, 2023 7:17pm
Quoting Georginson
{quote} This makes it 6 consecutive bullish fomc days, now I expect some bearish move after BOE as 80% of BOE rate hike days have produced some aggressive selling, also noteworthy that this March has produced 533 pips range, second only to January range of 604 pips... From weekly range, already 166 pips of expected 250 to 350 pips, which means either high of 1.2335 or low of 1.2166 is still expected to break by at least 70 pips... Simulations below 1.2166 + 250 pips = 1.2416 1.2335 - 250 pips = 1.2085 I will go for 1.2085 as far as price keeps trading...
good plan.
  • #737,398
  • Mar 22, 2023 7:47pm Mar 22, 2023 7:47pm
Quoting Pat Chiko
{quote} Seriously...? You better read what other said about my SCAM activities here by giving real time trade posting. I hope you will not regret follow my trades.......... Take care & be good and do good. PAT

Pat.... I have nothing to say about you but good things... I have seen no ill will on your part but have witnessed a pretty serious lashing out towards you. I follow your posts and pay close attention to them. I appreciate your desire to help others. In my book you are a stand up guy. Just don't pay any mind to those who want to bash you and your system... The negativity they exude is a real downer. Maintain your upbeat persona here.... it is so much more upbeat.
  • #737,399
  • Mar 22, 2023 8:27pm Mar 22, 2023 8:27pm
Wheres the Pound shorters at? Did you manage to cut your losses short so you can have dinner today? LMAO
  • #737,400
  • Mar 22, 2023 8:41pm Mar 22, 2023 8:41pm
Quoting Waveskierrob
{quote} So this trade must be hitting around your break even, what will you do close at BE or carry on with original trade
Homie my trade is currently up 85 pips......what are you on about? LMAOOOOO
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 85 pips.png Size: 16 KB
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