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Cable Update (GBPUSD)

  • #740,341
  • Apr 11, 2023 1:06am Apr 11, 2023 1:06am
Quoting Pat Chiko
{quote} GU QM Short is the Inducement. Price in the process of making QM Buy, by breaking higher dragging along buyer and taking out Seller SL. Then in an hour or so, it will move back down to the real Rocket zone to blast off. My previous chart summarise it all. First is Direction, Second is Timing, Third is Risk Management. Forth is LUCK....

GU

Cooking now...............
(lucky I'm fasting, only can smell it...)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 148.jpg Size: 130 KB


If you;re short better put SL.
If youre Long now , put SL too....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,342
  • Apr 11, 2023 1:11am Apr 11, 2023 1:11am
Quoting Pat Chiko
{quote} GU Cooking now............... (lucky I'm fasting, only can smell it...) {image} If you;re short better put SL. If youre Long now , put SL too....
nice view Pat, lets see how this develop
People don't plan to lose. They lose because they don't plan.
  • #740,343
  • Apr 11, 2023 1:12am Apr 11, 2023 1:12am
Quoting Pat Chiko
{quote} GU Cooking now............... (lucky I'm fasting, only can smell it...) {image} If you;re short better put SL. If youre Long now , put SL too....
Dollah Index

Putting the hammer down....
Attached Image (click to enlarge)
Click to Enlarge Name: dollah index 010.png Size: 53 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,344
  • Apr 11, 2023 1:15am Apr 11, 2023 1:15am
Quoting Whale
Short again {image}
close -5

idk why i waste my time on the $
the most shitty delivery on the planet.

Peace out
  • #740,345
  • Apr 11, 2023 1:19am Apr 11, 2023 1:19am
Quoting Pat Chiko
{quote} GU Cooking now............... (lucky I'm fasting, only can smell it...) {image} If you;re short better put SL. If youre Long now , put SL too....
GU

The Strat traders call Pivot Machine Gun (PMG).
Hope I get lucky...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 149.jpg Size: 150 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,346
  • Apr 11, 2023 1:21am Apr 11, 2023 1:21am
Quoting Whale
{quote} close -5 idk why i waste my time on the $ the most shitty delivery on the planet. Peace out
Gold is good alternative to trade.
Clean set up and well define zone.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 022.jpg Size: 123 KB

Mostly a text book set up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,347
  • Apr 11, 2023 1:29am Apr 11, 2023 1:29am
Quoting Pat Chiko
{quote} Gold is good alternative to trade. Clean set up and well define zone.
Same manipulation.

i may be wrong and GU is a buy.
i just dont like it.

i will pass today trading.

If it get down i will scalp it back up.
-15 for today
  • #740,348
  • Apr 11, 2023 1:32am Apr 11, 2023 1:32am
US Core CPI (5.6%) expecting to be greater than CPI(5.2%)
Is that something correct?
First time seeing this
More time in the market, does not mean you trade better!
  • #740,349
  • Apr 11, 2023 1:33am Apr 11, 2023 1:33am
Unbelievable
Back to y's drop point1.24459
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-04-11-11-28-09-979-edit_net.metaquotes.metatrader4.jpg Size: 696 KB
yes yes yes
  • #740,350
  • Apr 11, 2023 1:41am Apr 11, 2023 1:41am
Back from holidays late on Friday night, realised that trading out of my usual Uk hours is difficult. Mainly because I was out and about during the time I usually do my analysis. Overall still looking at 125 as first target before looking much higher.
Insane in the Brain..
  • #740,351
  • Apr 11, 2023 1:45am Apr 11, 2023 1:45am
According to my trading plan fromTF5M, i need a candle closing above 1.2440 (close candle 12.35 yesterday) to open a long position.
  • #740,352
  • Apr 11, 2023 1:45am Apr 11, 2023 1:45am
Quoting Fardeen1209
US Core CPI (5.6%) expecting to be greater than CPI(5.2%) Is that something correct? First time seeing this


Are the market not reading it right?
Either the US economy is already in recession or the Fed will induce one.

Data is variable.
Data can be manipulated.
Common sense is the answer.
Data is only sound if supported by common sense.
Margot Law.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,353
  • Apr 11, 2023 1:54am Apr 11, 2023 1:54am
Quoting Pat Chiko
{quote} Are the market not reading it right? Either the US economy is already in recession or the Fed will induce one. Data is variable. Data can be manipulated. Common sense is the answer. Data is only sound if supported by common sense. Margot Law.
Then Powell will manipulate thing like "we have a disinflation in energy and food"
Where the Energy and Food price indicate otherwise.

The pace and speed at which CPI rate fell, will surely put US economy in a recession in the near future if FED holds current interest rate and may be planning for another 25bps hike
More time in the market, does not mean you trade better!
  • #740,354
  • Apr 11, 2023 1:57am Apr 11, 2023 1:57am
I Lost all sell trades .
GU is going upwards but where since it broke the 1.24170 candle on 15mins I take this as my stop loss rocking GU upward toward 1.25800 or even higher .
  • #740,355
  • Apr 11, 2023 2:08am Apr 11, 2023 2:08am
Quoting jag1969
According to my trading plan fromTF5M, i need a candle closing above 1.2440 (close candle 12.35 yesterday) to open a long position.
I've opened long position after the close of candle 12.00 hs. According to my trading plan trend has changed. Now it' s a bullish market. The gbpusd above 1.2520 is possible.
  • #740,356
  • Apr 11, 2023 2:11am Apr 11, 2023 2:11am
Quoting ScalaFX
{quote} TP hit + 55, now sell 2410 stop 2440 TP open, risky trade!
First trade too early but all ok, next 2430, now 2441 pending 2450, target 2400, I wish price can test this RN, cheers!
People don't plan to lose. They lose because they don't plan.
  • #740,357
  • Apr 11, 2023 2:14am Apr 11, 2023 2:14am
close half positio. losing 50% yesterdays profit..
still hold short
  • #740,358
  • Apr 11, 2023 2:15am Apr 11, 2023 2:15am
Quoting jag1969
{quote} I've opened long position after the close of candle 12.00 hs. According to my trading plan trend has changed. Now it' s a bullish market. The gbpusd above 1.2520 is possible.
one way to look at it, I suppose
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
  • #740,359
  • Apr 11, 2023 2:17am Apr 11, 2023 2:17am
Quoting Theoak
{quote} I have added at 1.2426.. I hope that is the last push by the bulls. I don't like adding to a losing trade, but there was a sufficient reaction of the smaller timeframe to see a drop. Will have to see if some kind of bear action or will have to take a hit (never chase losing trades; You'll lose your underpants). {image}
Trade based on your knowledge, not your emotions. Although I've experienced losses, I plan to get them back after midday.

While there may be bullish sentiment (TA), my fundamental analysis suggest a short position long term. Take a step back, reassess, and then make an informed decision.

Escape, revaluate then pull the trigger!! See you all after lunch!!!
Don't trade what you think. Just what you see!!!
  • #740,360
  • Apr 11, 2023 2:17am Apr 11, 2023 2:17am
The GU hourly chart is a clean uptrend. However, there is a cloud of black cash register above, and you can not enter unless you check whether you can break through.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(H1)_2023.04.11_181012.gif Size: 112 KB
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