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Cable Update (GBPUSD)

  • #739,181
  • Apr 4, 2023 3:02am Apr 4, 2023 3:02am
Short pound @ 1.2465, target open.

Who is the second best broker these days after ICMarkets?
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  • #739,182
  • Apr 4, 2023 3:03am Apr 4, 2023 3:03am
Wow, breakout up... Not expected.

Lets see if it close above resistance
  • #739,183
  • Apr 4, 2023 3:04am Apr 4, 2023 3:04am
Quoting Georginson
Hello guys, Welcome to another quarter of trading and lots of activities will be unfolding this April and this quarter. Below are some information which you may find useful for this April ✓Expected April Range = 550 - 750 pips Simulations 1.2425 minus 600 pips = 1.1825 1.2110 plus 600 pips = 1.2710 Below 1.2110 invalidates 1.2710 Above 1.2110 invalidates 1.1825 Bias: Bullish with projected target of 1.2710 as far as 1.2100 stays unbroken. As usual no obligation to follow. I wish everyone a successful Month of April...
December and January high of 1.2455 is taken out ... This now exposes 1.2680 - 1.2710 this April, but some correction cannot be ruled out. Possible high this week may attain 1.2500 - 1.2510...
Data + Stat + Risk/Emotions Management
  • #739,184
  • Apr 4, 2023 3:04am Apr 4, 2023 3:04am
Ok i am all locked in, it is in the hands of the MMs now but they can not get my money now
Follow The Markets Structure - Patience and Discipline
  • #739,185
  • Apr 4, 2023 3:05am Apr 4, 2023 3:05am
Quoting Bryan5229
{quote} +34 pips left to weekly resistance. Weekly Resistance: 1.24476
Boom
Plan your trades and trade your plan.
  • #739,186
  • Apr 4, 2023 3:05am Apr 4, 2023 3:05am
Today's range 12350 - 12500
  • #739,187
  • Apr 4, 2023 3:08am Apr 4, 2023 3:08am
Quoting Jolita
Today's range 12350 - 12500
12350 and I can make enough for the day lol
Insane in the Brain..
  • #739,188
  • Apr 4, 2023 3:08am Apr 4, 2023 3:08am
Quoting Mitiblotch
{quote} Exactly whats in the chart I posted. When majority are selling price usually would shoot up. So from your post above if 68% on FF were selling then price flew up over about 140 pips yesterday.
Yes I know, but the top row of your chart says that 68% of Forex Factory was buying GBPUSD.

FF own stats page however, shows that nearly 65% of trade explorers on this website were actually shorting GBPUSD yesterday
https://www.forexfactory.com/trades#...ions-details=1
Compulsions can be hard to resist
  • #739,189
  • Apr 4, 2023 3:08am Apr 4, 2023 3:08am
I really don't understand why I put the indicators on the chart
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yes yes yes
  • #739,190
  • Apr 4, 2023 3:11am Apr 4, 2023 3:11am
This week close is very important on weekly chart.

Dollar index could fall to $94, that's only if the weekly reversal does work out.
Plan your trades and trade your plan.
  • #739,191
  • Apr 4, 2023 3:13am Apr 4, 2023 3:13am
Just a guess but i am thinking 2600 , D1 B/O above the high , price will travel before correcting, reason being to collect all the juicy retail sell limits
Follow The Markets Structure - Patience and Discipline
  • #739,192
  • Apr 4, 2023 3:13am Apr 4, 2023 3:13am
What would Soros do?
He would buy of course, now that everyone think they should be short.

The short squeeze of the year rocket fuel to the moon
You have an IQ lower than 90 if you interact with this user.
  • #739,193
  • Apr 4, 2023 3:14am Apr 4, 2023 3:14am
GU just broke out of 4-hour range.

EU is really struggling with breaking out of this 4-hour range.
Plan your trades and trade your plan.
  • #739,194
  • Apr 4, 2023 3:16am Apr 4, 2023 3:16am
USD in confirmed bear mode
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Compulsions can be hard to resist
  • #739,195
  • Apr 4, 2023 3:16am Apr 4, 2023 3:16am
Quoting Ferna
What would Soros do? He would buy of course, now that everyone think they should be short. The short squeeze of the year rocket fuel to the moon
I bet Soros would wait.
Plan your trades and trade your plan.
  • #739,196
  • Apr 4, 2023 3:16am Apr 4, 2023 3:16am
Quoting Bryan5229
This week close is very important on weekly chart. Dollar index could fall to $94, that's only if the weekly reversal does work out.
pls i need this indicators for weekly and Daily reversal level thanks
  • #739,197
  • Apr 4, 2023 3:17am Apr 4, 2023 3:17am
Quoting trumps
{quote}Yes I know, but the top row of your chart says that 68% of Forex Factory was buying GBPUSD. FF own stats page however, shows that nearly 65% of trade explorers on this website were actually shorting GBPUSD yesterday https://www.forexfactory.com/trades#...ions-details=1
Oh I see your point. That mage I posted was updated few seconds when I posted it. It is for today and in fact, that very minute I posted it. You cannot completely vouch for these things just like you cannot vouch for anything in forex. That is the reason you cannot use it as a trading strategy. There is a aggregate of 10 brokers on that image. I usually don't use it, but whenever price reaches a huge support or resistance and the daily/4hr chart gives me an idea of a break I refer to that ratio to see if it will actually break. Usually it is correct. I saw this break and actually bought at 2423 and closed at 2473.
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  • #739,198
  • Apr 4, 2023 3:17am Apr 4, 2023 3:17am
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4H. ---I am a seller here. . . . .

  • #739,199
  • Apr 4, 2023 3:19am Apr 4, 2023 3:19am
Quoting trumps
USD in confirmed bear mode {image} {image} {image}
I'm waiting for 100.680 before I can consider this a bear trend but for now I'm thinking it in terms of Pullback.
Plan your trades and trade your plan.
  • #739,200
  • Apr 4, 2023 3:19am Apr 4, 2023 3:19am
JOLTS today , could be the deciding factor for short term direction
Follow The Markets Structure - Patience and Discipline
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