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Cable Update (GBPUSD)

  • #739,201
  • Apr 4, 2023 3:21am Apr 4, 2023 3:21am
What happened and why the GU is so strong.
the resistance level on the D1 cycle did not have any effect at all.
Just follow the trend.
  • #739,202
  • Apr 4, 2023 3:21am Apr 4, 2023 3:21am
Quoting LitEU
Trailing this babe {image}
Dollar DXY in a confirmed bear market
GU long target 1.25925!
  • #739,203
  • Apr 4, 2023 3:22am Apr 4, 2023 3:22am
Quoting ForexIkeja
{quote} pls i need this indicators for weekly and Daily reversal level thanks
I use the simple hh lh, ll hl to determine my reversals.
Plan your trades and trade your plan.
  • #739,204
  • Apr 4, 2023 3:23am Apr 4, 2023 3:23am
Identical move EU & GU. I pick EU i thought it would be stronger since euro bull seem to be persistent. I thought wrong, but as long as it's green.

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Don't mind me.. i'm crazy
  • #739,205
  • Apr 4, 2023 3:24am Apr 4, 2023 3:24am
Quoting Wavegarrick
{quote} Above buy trade worked out Ok. Setting up for more buy trades and will probably take more towards my future daily pivot at 1.2360 ish by tomorrow. Cheers. {image}
There are times that the pullback just will not happen. This is what I call true momentum.. This is one of those times that I am glad I got into a buy trade late yesterday.
I could look to take profit with this trade towards the trend line. 1.24500 is a major breakout area.
Cheers.
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Trade to trade another day
  • #739,206
  • Apr 4, 2023 3:24am Apr 4, 2023 3:24am
Quoting lucaswalliam
What happened and why the GU is so strong. the resistance level on the D1 cycle did not have any effect at all.
The weekly will give you the answer, Break of support back in july 22 then the retest now in trend mode but overall from monthly swing three corrective
Follow The Markets Structure - Patience and Discipline
  • #739,207
  • Apr 4, 2023 3:24am Apr 4, 2023 3:24am
Quoting lucaswalliam
What happened and why the GU is so strong. the resistance level on the D1 cycle did not have any effect at all.
That was not resistance level but target for daily chart because when GU attempted to reverse on daily it failed and went the opposite hence it went long until the resistance/target, the daily is in up trend and weekly is in range.
Plan your trades and trade your plan.
  • #739,208
  • Apr 4, 2023 3:24am Apr 4, 2023 3:24am
Quoting Moty
I really don't understand why I put the indicators on the chart {image}
You have had brilliant indicator sets as well!
The 4 color macd with a long period equal to the trend you are following (50, 200) and a short time period of 4-8 is a great tool for getting into, staying in and getting out of trades for example.
  • #739,209
  • Apr 4, 2023 3:24am Apr 4, 2023 3:24am
Quoting lucaswalliam
What happened and why the GU is so strong. the resistance level on the D1 cycle did not have any effect at all.
Oil price surges 8% in one go, the price of oil is inversely related to the price of the U.S. dollar
  • #739,210
  • Apr 4, 2023 3:25am Apr 4, 2023 3:25am
Quoting Bryan5229
{quote} I bet Soros would wait.
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #739,211
  • Apr 4, 2023 3:28am Apr 4, 2023 3:28am
Quoting Moty
I really don't understand why I put the indicators on the chart {image}
To confuse us even more.
Just follow the 4hr candle before LO for the day's direction....but remember to use stops.
I only have the following:
1) daily open (current and previous), and weekly open (current and previous) for trade entries.
2) daily pivot and S/R levels to support item 1 (above), weekly and monthly for possible TP levels
3) 21EMA ONLY on day charts...daily close has to be above/below for overall trend
The rest is just noise and time wasted looking at charts 8+ hours a day.
Lost....
  • #739,212
  • Apr 4, 2023 3:31am Apr 4, 2023 3:31am
Quoting Wavegarrick
{quote} There are times that the pullback just will not happen. This is what I call true momentum.. This is one of those times that I am glad I got into a buy trade late yesterday. I could look to take profit with this trade towards the trend line. 1.24500 is a major breakout area. Cheers. {image}
Great trade, Wave. The upper trendline is close so I closed my buy trades and left one running.
  • #739,213
  • Apr 4, 2023 3:31am Apr 4, 2023 3:31am
Phew
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  • #739,214
  • Apr 4, 2023 3:33am Apr 4, 2023 3:33am
April 2023...
Expected range 600 pips ...
Simulations...
1.2760 minus 600 pips = 1.2160...

Tentative possible high 1.2760 (projected mid April)
Tentative possible low 1.2160 (Projected end April)

This week...
Tentative High 1.2570
Tentative Low 1.2270...

As always, no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #739,215
  • Apr 4, 2023 3:38am Apr 4, 2023 3:38am
Long on most GBP crosses.

Sensible stop losses with readiness for a fakeout.
You have an IQ lower than 90 if you interact with this user.
  • #739,216
  • Apr 4, 2023 3:39am Apr 4, 2023 3:39am
GU needs to drop retest snd continue its bullish momentum so I'm gonna trail my stops to secure profits

Dollar bear market
  • #739,217
  • Apr 4, 2023 3:42am Apr 4, 2023 3:42am
Quoting LitEU
GU needs to drop retest snd continue its bullish momentum so I'm gonna trail my stops to secure profits Dollar bear market
yeap SL hit so i wait for a retest
  • #739,218
  • Edited 4:02am Apr 4, 2023 3:42am | Edited 4:02am
Quoting LitEU
GU needs to drop retest snd continue its bullish momentum so I'm gonna trail my stops to secure profits Dollar bear market
Now that it's blown most SL sitting at 2440 (lol...) it will come back down to cool off. The RSI is too far out and may want to reset a bit. I am still holding one long from 2422.
  • #739,219
  • Apr 4, 2023 3:42am Apr 4, 2023 3:42am
Quoting Moty
I really don't understand why I put the indicators on the chart {image}
Same here Moty. But sometimes i just think to make it less lonely.
I never actually making entry as per indicator. But the horizontal line in the other hand, it's a guide for exit since i day trade. Nothing fancy just previous hi-lo & fib. Previous day fib. i found it quite ok-ish for day trading exit.
Don't mind me.. i'm crazy
  • #739,220
  • Apr 4, 2023 3:45am Apr 4, 2023 3:45am
Quoting Moty
I really don't understand why I put the indicators on the chart {image}
see it dont feel it..indicator user must be dicipline and patient
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