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Cable Update (GBPUSD)

  • #740,521
  • Apr 12, 2023 1:55am Apr 12, 2023 1:55am
Morning setup showing 1.2461-1.24707

1.2486 sweet spot.
  • #740,522
  • Apr 12, 2023 2:00am Apr 12, 2023 2:00am
Quoting damsak
Possible up and down reverse points https://youtu.be/xzLFgryyjSk {image}
That's it

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  • #740,523
  • Apr 12, 2023 2:02am Apr 12, 2023 2:02am
Quoting pipfarm
My bias is still short for CPI and quite a big short. D1 is in correction against W1 , the correction is not complete. The prior D1 swing up is an impulse with an extension in swing 3 . The correction is swing 2 with A and B complete and we should see C down to around 2069 eventually which is a 61% correction of the main D1 swing.
Im looking at the same situation and I decided to trade today, I expect USD come stronger from CPI data, that I placed Short EU 0930 GU 2433 and GOLD 2016
People don't plan to lose. They lose because they don't plan.
  • #740,524
  • Apr 12, 2023 2:05am Apr 12, 2023 2:05am
Quoting ScalaFX
{quote} Im looking at the same situation and I decided to trade today, I expect USD come stronger from CPI data, that I placed Short EU 0930 GU 2433 and GOLD 2016
targets EU 0830 GU 2320 GOLD 1990
People don't plan to lose. They lose because they don't plan.
  • #740,525
  • Apr 12, 2023 2:07am Apr 12, 2023 2:07am
Quoting ScalaFX
{quote} Im looking at the same situation and I decided to trade today, I expect USD come stronger from CPI data, that I placed Short EU 0930 GU 2433 and GOLD 2016
I have not placed a trade yet as i would like to see a bit more of a breakdown before making my final decision , it might be last minute before CPI.
Follow The Markets Structure - Patience and Discipline
  • #740,526
  • Apr 12, 2023 2:11am Apr 12, 2023 2:11am
Quoting pipfarm
{quote} I have not placed a trade yet as i would like to see a bit more of a breakdown before making my final decision , it might be last minute before CPI.
Im today have not so much time so trading with pendings and no stop, think about manage later when comes not my way, trade safe! Cheers!
People don't plan to lose. They lose because they don't plan.
  • #740,527
  • Apr 12, 2023 2:16am Apr 12, 2023 2:16am
Dxy probably fall below 102 to take the supportive swing low

so wait and dont short GU yet
another thing, usually IT love to take the price to the limits before big event.
the closer limit is 1.25 and the other limit is 1.18.. do the math
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  • #740,528
  • Apr 12, 2023 2:29am Apr 12, 2023 2:29am
Crooky mf
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yes yes yes
  • #740,529
  • Apr 12, 2023 2:31am Apr 12, 2023 2:31am
Long 1.2420 SL 1.2390
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #740,530
  • Apr 12, 2023 2:34am Apr 12, 2023 2:34am
Nice Liquidity Sweep
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With courage, patience, and discipline, success is a matter of time.
  • #740,531
  • Apr 12, 2023 2:35am Apr 12, 2023 2:35am
This looks like a drop is on the cards. I'm short at 1.2408
Don't trade what you think. Just what you see!!!
  • #740,532
  • Apr 12, 2023 2:37am Apr 12, 2023 2:37am
still waiting for gbpusd to show direction today
  • #740,533
  • Apr 12, 2023 3:09am Apr 12, 2023 3:09am
Quoting damsak
Possible up and down reverse points https://youtu.be/xzLFgryyjSk {image}
GBP going down more as expected. Keep on eye below up reverse point if continues to go down then the below up reverse point could be the area
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  • #740,534
  • Apr 12, 2023 3:13am Apr 12, 2023 3:13am
I will be going long today. Sentiment and daily tf supports it.
I'm currently waiting for a break and retest on the 15M TF to enter.
Patience.....
  • #740,535
  • Apr 12, 2023 3:17am Apr 12, 2023 3:17am
GBPJPY is heading towards 166.67
The GBP is bullish today . I entered BUY 166.14
Target is 166.67 .
SL below the wig of last hour candle .
Trade safe .
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  • #740,536
  • Apr 12, 2023 3:20am Apr 12, 2023 3:20am
Quoting ScalaFX
{quote} targets EU 0830 GU 2320 GOLD 1990
The only thing i do not like about shorting cable is that assuming the D1 HL, HH is the correction when viewing it on H4 i can not see three swings up , it could be that the last swing up is part of an expanding flat but im not sure.

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Follow The Markets Structure - Patience and Discipline
  • #740,537
  • Apr 12, 2023 3:20am Apr 12, 2023 3:20am
Another 60% of my account gone.

Achieved a new milestone
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  • #740,538
  • Apr 12, 2023 3:21am Apr 12, 2023 3:21am
Last chance for bulls to pick up 1.2414
Im running very bad form with my entries.

-14 currently,
yesterday NY low is my sl 1.2405
  • #740,539
  • Apr 12, 2023 3:21am Apr 12, 2023 3:21am
Quoting Fredo219
I will be going long today. Sentiment and daily tf supports it. I'm currently waiting for a break and retest on the 15M TF to enter.
I think it is - as yet - undecided.
There is a possibility for up, but also - W-formation - for down.
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  • #740,540
  • Apr 12, 2023 3:22am Apr 12, 2023 3:22am
Quoting MrFanciful
Another 60% of my account gone. Achieved a new milestone {image}
good job. what kind of strategy do you trade?
How to succeed in zero sum game?
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