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Cable Update (GBPUSD)

  • #737,941
  • Mar 28, 2023 1:33am Mar 28, 2023 1:33am
This is getting on my tits now.
  • #737,942
  • Mar 28, 2023 1:35am Mar 28, 2023 1:35am
Quoting pipfarm
GBPUSD The daily up swing has made a correction indicated by the LH,LL bars and is now sitting on immediate RBS. Could take a long from there but there is always the chance the correction if indeed it is, will pull further into the range, so prefer to go to 4H and wait for some bullish signs of continuation for longs. If the long goes off without us , then 4H LH, LLs can give good entries via H1 swings {image}
Where are we now?

130 or so pips into this upswing, lets hope it continues, meanwhile i also have a long trade on Eurusd, will post the chart later with the live trade @ the moment around +50
Follow The Markets Structure - Patience and Discipline
  • #737,943
  • Mar 28, 2023 1:37am Mar 28, 2023 1:37am
Any one trading NZDUSD/AUDUSD , looks like D1 is accumulating for a nice push up
Follow The Markets Structure - Patience and Discipline
  • #737,944
  • Mar 28, 2023 1:41am Mar 28, 2023 1:41am
Quoting MrFanciful
This is getting on my tits now.
hey your back, how is your trading now?
Follow The Markets Structure - Patience and Discipline
  • #737,945
  • Mar 28, 2023 1:47am Mar 28, 2023 1:47am
Quoting pipfarm
{quote} hey your back, how is your trading now?
It's been ok for the last few days, but my drawdown has been too high for my liking. Still not struggling to not see it going in both directions at the same time.

However, how it is today is reminding me why I've been considering quitting.
  • #737,946
  • Mar 28, 2023 1:47am Mar 28, 2023 1:47am
Quoting pipfarm
Any one trading NZDUSD/AUDUSD , looks like D1 is accumulating for a nice push up
I think AUDUSD is heavily bearish on weekly, so any daily reversal might quickly get squashed.
Plan your trades and trade your plan.
  • #737,947
  • Mar 28, 2023 1:49am Mar 28, 2023 1:49am
Hi, traders.
Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
Just follow the trend.
  • #737,948
  • Mar 28, 2023 1:54am Mar 28, 2023 1:54am
Quoting Bryan5229
{quote} I think AUDUSD is heavily bearish on weekly, so any daily reversal might quickly get squashed.
The weekly is starting to show some up movement with increasing momentum, with the monthly showing the down swing as corrective and the daily is starting to move up, personally i would not risk shorts.

You can see from my previous posts i am usually one of the first to give the change in direction on the longer term charts,D1,W1 etc and this feeds through to the lower timeframes for trades
Follow The Markets Structure - Patience and Discipline
  • #737,949
  • Mar 28, 2023 1:54am Mar 28, 2023 1:54am
Quoting lucaswalliam
Hi, traders. Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
I thought you follow the trend?
Plan your trades and trade your plan.
  • #737,950
  • Mar 28, 2023 1:55am Mar 28, 2023 1:55am
Quoting ScalaFX
{quote} Closing all posiotins long! Now started shorting a little, more to add if go up, trade safe folks!
Short 2325 pendings every 10 pip new short till 2415, this my net for medium term target 1 1940 other scalping account still scalping like usual
People don't plan to lose. They lose because they don't plan.
  • #737,951
  • Mar 28, 2023 1:56am Mar 28, 2023 1:56am
Morning bulls are in force. 5 mins to LO let’s see how high it takes the pair
Insane in the Brain..
  • #737,952
  • Mar 28, 2023 1:58am Mar 28, 2023 1:58am
Quoting lucaswalliam
Hi, traders. Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
The daily chart is bullish and 4-hour chart turned bullish yesterday after it completed the Pullback.
Plan your trades and trade your plan.
  • #737,953
  • Mar 28, 2023 1:58am Mar 28, 2023 1:58am
Quoting lucaswalliam
Hi, traders. Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
We are into our 6th consecutive bullish 8hr candle. That's a pretty rare thing. We're due a bearish candle.

I think we'll either pull back before a move up to 1.2350, or vice versa we'll go to 1.2350 and then retrace.
  • #737,954
  • Mar 28, 2023 2:00am Mar 28, 2023 2:00am
Quoting lucaswalliam
Hi, traders. Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
It's attempting double top at this Month high of 1.2343... below this area will be an invitation of 1.2165, only a close above 1.2320 will pose threat to bears....
Data + Stat + Risk/Emotions Management
  • #737,955
  • Mar 28, 2023 2:04am Mar 28, 2023 2:04am
Quoting lucaswalliam
Hi, traders. Any trading ideas for today's GBP? To be honest, the slow climb has broken my trading plan.
flows are going into the gbp complexes!!!
  • #737,956
  • Mar 28, 2023 2:06am Mar 28, 2023 2:06am
Quoting pipfarm
{quote} The weekly is starting to show some up movement with increasing momentum, with the monthly showing the down swing as corrective and the daily is starting to move up, personally i would not risk shorts. You can see from my previous posts i am usually one of the first to give the change in direction on the longer term charts,D1,W1 etc and this feeds through to the lower timeframes for trades
From monthly to daily all I see is weakness, too much weakness but I don't know how you trade but it's okay I may be wrong, on the AU once price reach resistance will watch price action and it's gonna take forever for weekly chart to reverse.
Attached Image (click to enlarge)
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Plan your trades and trade your plan.
  • #737,957
  • Mar 28, 2023 2:07am Mar 28, 2023 2:07am
The pound-dollar is going long after yesterday, but will it reach its target soon?

Attached Image (click to enlarge)
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  • #737,958
  • Mar 28, 2023 2:10am Mar 28, 2023 2:10am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Right shoulder or break through?

Sell signals around 12355.
Price pushed higher, but dollar isn't weak either, just a correction perhaps.
Anything can happen, always thinking what if..

Trade safe.
  • #737,959
  • Mar 28, 2023 2:12am Mar 28, 2023 2:12am
Quoting Bryan5229
{quote} I thought you follow the trend?
In fact I wanted to follow the trend, except that I ignored the H4 pattern. And in the M30, the price did not form a clear bottom structure... So, I missed as well as being overwhelmed.
Just follow the trend.
  • #737,960
  • Mar 28, 2023 2:14am Mar 28, 2023 2:14am
Quoting Bryan5229
{quote} From monthly to daily all I see is weakness, too much weakness but I don't know how you trade but it's okay I may be wrong, on the AU once price reach resistance will watch price action and it's gonna take forever for weekly chart to reverse. {image}
If that is how you see it , that is how you see it, not here to disagree with you, just posting my view and i respect yours.
Follow The Markets Structure - Patience and Discipline
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