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Cable Update (GBPUSD)

  • #739,141
  • Apr 4, 2023 1:39am Apr 4, 2023 1:39am
Quoting dantpm
{quote} and the FED still doesn't have the 2% inflation that it wants!
Yes. This could mean that the Fed will continue to raise rates.
Just follow the trend.
  • #739,142
  • Apr 4, 2023 1:41am Apr 4, 2023 1:41am
Quoting mysterio
{quote} just sold 1.2420, tp open for now (last post was a typo, meant 1.2420-23 not 2320-23)
added to my sell at 2420
Insane in the Brain..
  • #739,143
  • Apr 4, 2023 1:46am Apr 4, 2023 1:46am
Mini Swings Approach for this week...

Sell 1 @ 1.2425... target 1.2325
Sell 2 limit at 1.2525 ... Target 1.2425...

Buy 1 limit @ 1.2200... target 1.2300
Buy 2 limit @ 1.2120 ... Target 1.2220...

Money management must be applied...

Good luck guys...
Data + Stat + Risk/Emotions Management
  • #739,144
  • Apr 4, 2023 1:47am Apr 4, 2023 1:47am
Quoting BeeTogether
{quote} added to my sell at 2420
Let's see if 2431 can stop it. I need to see 2324 area tested and then hold to consider a buy. But selling here is scary.

Quoting mysterio
{quote} just sold 1.2420, tp open for now (last post was a typo, meant 1.2420-23 not 2320-23)
What do you see from your analysis? You're a great at picking turning points.
  • #739,145
  • Apr 4, 2023 1:51am Apr 4, 2023 1:51am
hi, traders
D1, GU is about to hit an important and obvious resistance level, anyone short?
Attached Image (click to enlarge)
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Just follow the trend.
  • #739,146
  • Apr 4, 2023 1:58am Apr 4, 2023 1:58am
price staying above 1.24026 not a good signal for sellers especially those at 1.24200 Market could see prices getting to 1.248ish before any bearish decision.
Keep the Lights on then you can catch the rise from the dark.
  • #739,147
  • Apr 4, 2023 2:00am Apr 4, 2023 2:00am
Exactly why price did what it did yesterday and may continue. DR1 today is 2470. I will try a short near there.
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  • #739,148
  • Apr 4, 2023 2:05am Apr 4, 2023 2:05am
Attached Image (click to enlarge)
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yes yes yes
  • #739,149
  • Apr 4, 2023 2:08am Apr 4, 2023 2:08am
Quoting Mitiblotch
{quote} Let's see if 2431 can stop it. I need to see 2324 area tested and then hold to consider a buy. But selling here is scary. {quote} What do you see from your analysis? You're a great at picking turning points.
dxy still have enough room for bears to continue
  • #739,150
  • Apr 4, 2023 2:10am Apr 4, 2023 2:10am
Quoting Mitiblotch
Exactly why price did what it did yesterday and may continue. DR1 today is 2470. I will try a short near there. {image}
THE DROP is coming
Attached Image (click to enlarge)
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yes yes yes
  • #739,151
  • Apr 4, 2023 2:10am Apr 4, 2023 2:10am
Quoting Moty
{quote} THE DROP is coming {image}
aint no drop coming
  • #739,152
  • Apr 4, 2023 2:12am Apr 4, 2023 2:12am
Long GBPUSD H1 after irregular flat correction
I am aware of the D1 2446 resistance but anyway lets see how far this goes, ready to close at any time.

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USDCHF short still running from yesterday and made a new low this morning after the correction

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #739,153
  • Apr 4, 2023 2:14am Apr 4, 2023 2:14am
no real support until 100-101 DXY, means GU EU will breakout above today?
Attached Image (click to enlarge)
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demo tok kenal barey boh!
  • #739,154
  • Apr 4, 2023 2:16am Apr 4, 2023 2:16am
Quoting pipfarm
Long GBPUSD H1 after irregular flat correction {image} USDCHF short still running from yesterday and made a new low this morning after the correction {image}
We have a weekly Szone above the daily Equal High, could get some spike down, before up continued
More time in the market, does not mean you trade better!
  • #739,155
  • Apr 4, 2023 2:17am Apr 4, 2023 2:17am
Quoting kidd0
no real support until 100-101 DXY, means GU EU will breakout above today? {image}
GU broke out already waiting for a retest to confirm it, then I'm going all in on that grab
  • #739,156
  • Apr 4, 2023 2:17am Apr 4, 2023 2:17am
there will be a retracment at one point.....i mean there will be a second one, the first i already rode

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  • #739,157
  • Apr 4, 2023 2:24am Apr 4, 2023 2:24am
Quoting greed
there will be a retracment at one point...
Do you know the phrase: Stating the obvious?
The whole thread is an accumulation of people again and again: stating the obious...
  • #739,158
  • Edited 2:52am Apr 4, 2023 2:30am | Edited 2:52am
Quoting josi
{quote} Do you know the phrase: Stating the obvious? The whole thread is an accumulation of people again and again: stating the obious...
i just wanted to post my chart and be part of the community
  • #739,159
  • Apr 4, 2023 2:31am Apr 4, 2023 2:31am
Quoting greed
there will be a retracment at one point.....i mean there will be a second one, the first i already rode {image}
morning,

do you think we will see a drop today as low as 1.23.
I'm holding hope on this, lol .
any advice is appreciated.

Many Thanks
  • #739,160
  • Apr 4, 2023 2:32am Apr 4, 2023 2:32am
Quoting josi
{quote} Do you know the phrase: Stating the obvious? The whole thread is an accumulation of people again and again: stating the obious...
Then shouldn't the obvious be the USD tanking ?
oil prices surges as much as 8% on monday
the strengthening of Oil typically results in a decrease dollar value and vise versa
ain't no way we riding the short route
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