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Cable Update (GBPUSD)

  • #743,321
  • Apr 28, 2023 8:44am Apr 28, 2023 8:44am
why selling into new yearly high?

patience and wait for setup
you dont need to put ur money in every movement,



1.26 and 1.27


buyers waiting at 1.22 and 1.21


overall target 1.30 1.32 between Q2 to Q3
MY OPINION NOT FINANCIAL ADVISE
  • #743,322
  • Apr 28, 2023 8:46am Apr 28, 2023 8:46am
I am still in with my original longs, holding and moving SLs up not shorting yet
  • #743,323
  • Apr 28, 2023 8:46am Apr 28, 2023 8:46am
It's okay to be wrong sometimes.

I think it's only logical that analysis comes first before clicking the buy/sell button and not the other way around.

Let us stop fooling ourselves and justify trades which we clearly missed, finding hope in a hopeless position is draining.
The market hides a perfect geometry.
  • #743,324
  • Apr 28, 2023 8:47am Apr 28, 2023 8:47am
just saying..
sellers hold your breath..
possibility top bulls is 1.2612 at mid bb monthly
  • #743,325
  • Apr 28, 2023 8:48am Apr 28, 2023 8:48am
This is a break out, lots of retail were short don't go against trends or it will eventually bite you. Wait for support and break of that support u less you have stops in place

Got to think where big money is
  • #743,326
  • Apr 28, 2023 8:52am Apr 28, 2023 8:52am
Quoting Mitiblotch
{quote} I would actually love it to hit near 1.26 so I can sell some. I bought some for the nice ride and out now.
Oh glory! What a erection!
  • #743,327
  • Apr 28, 2023 8:55am Apr 28, 2023 8:55am
short now 125 775
  • #743,328
  • Apr 28, 2023 8:55am Apr 28, 2023 8:55am
Quoting Coreg2004
{quote} Yesterday GU made the ID/NR4 bar so today's expectation was for an extended range. Also, a potential deep crab pattern formed in the morning. https://harmonictrader.com/harmonic-...-crab-pattern/ {image}
The professor!

I saw 63% sellers and knew blood was about to be spilled everywhere. The blood of bears, that is. I bought me some but I was over leveraged for my liking so went out with good profit but missed out the beautiful rise like the Statue of Liberty
  • #743,329
  • Apr 28, 2023 8:58am Apr 28, 2023 8:58am
Quoting spacca
short now 125 775
atleast wait 1.26
  • #743,330
  • Apr 28, 2023 8:58am Apr 28, 2023 8:58am
sell order initiated. Next sell order 1.26. TP 1.238
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  • #743,331
  • Apr 28, 2023 8:59am Apr 28, 2023 8:59am
I break of 1.258 should see us get to the 1.26 I hope then I'll hit my TPs
Attached Image (click to enlarge)
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  • #743,332
  • Apr 28, 2023 9:03am Apr 28, 2023 9:03am
Quoting Mitiblotch
{quote} The professor! I saw 63% sellers and knew blood was about to be spilled everywhere. The blood of bears, that is. I bought me some but I was over leveraged for my liking so went out with good profit but missed out the beautiful rise like the Statue of Liberty
glad you were on the right side Miti! i was working when the mega move happened, but i delibirately had 25% of my positions with no tp so they kept running. When i discovered the move i kept adding at 1.2525, the bears must have added a lot of fuel indeed.
You have an IQ lower than 90 if you interact with this user.
  • #743,333
  • Apr 28, 2023 9:06am Apr 28, 2023 9:06am
Damn Cable is on a teer
  • #743,334
  • Apr 28, 2023 9:07am Apr 28, 2023 9:07am
Quoting Wavegarrick
{quote} So far so good Bulls need a weekly close and more importantly a monthly close above 1.25000 179 pips in weak Gu trades booked for the week. Take care, Cheers. {image} {image}
A bit of forward guidance from a higher time frame perspective. For me there is a clear and open road to 1.26921 ish on the weekly chart.
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From a 4hr time frame perspective it is likely that price will retrace early next week to my future weekly pivot at 1.25168 ish or even 1.25000 for an overshoot. The most important thing is that price could or should stay above 1.25000 for the month unless something drastic happens. 1.25000 is an important quarterly level and a monthly close above could spell 1.27500 before a decent reversal but increases the likelihood of 1.30000 later on in the year.
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Have a great weekend,
Cheers.
Trade to trade another day
  • #743,335
  • Apr 28, 2023 9:11am Apr 28, 2023 9:11am
Quoting Ferna
{quote} glad you were on the right side Miti! i was working when the mega move happened, but i delibirately had 25% of my positions with no tp so they kept running. When i discovered the move i kept adding at 1.2525, the bears must have added a lot of fuel indeed.
Thanks a lot. Your return this month is mind-blowing! Feels good to be green. I wish I held mine, but I was top sure of the trade and overleversged (bad habit) so went out when I got good profit.
  • #743,336
  • Apr 28, 2023 9:11am Apr 28, 2023 9:11am
Pending short 2612.
  • #743,337
  • Apr 28, 2023 9:14am Apr 28, 2023 9:14am
Quoting Mitiblotch
{quote} The professor! I saw 63% sellers and knew blood was about to be spilled everywhere. The blood of bears, that is. I bought me some but I was over leveraged for my liking so went out with good profit but missed out the beautiful rise like the Statue of Liberty
Miti, a few days back I posted a dollar chart with the zone which might be difficult to take out on a first or second attempt
https://www.forexfactory.com/thread/...6#post14402826
For the last 3 days, I was waiting for this move and the market finally cooperated.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #743,338
  • Apr 28, 2023 9:20am Apr 28, 2023 9:20am
12584 daily R3 next hurdle so far bouncing off it. Break it then 126 is ready for grabs
Insane in the Brain..
  • #743,339
  • Apr 28, 2023 9:20am Apr 28, 2023 9:20am
Quoting Coreg2004
{quote} Miti, a few days back I posted a dollar chart with the zone which might be difficult to take out on a first or second attempt https://www.forexfactory.com/thread/...6#post14402826 For the last 3 days, I was waiting for this move and the market finally cooperated. {image}
Coreg2004 do you have a guess as to how long the move to C will take?
  • #743,340
  • Apr 28, 2023 9:26am Apr 28, 2023 9:26am
Just when I thought it was safe to go back in the water..... still underwater and just ordered a truck load of patience from Amazon ....
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