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Cable Update (GBPUSD)

  • #743,741
  • May 2, 2023 7:47am May 2, 2023 7:47am
Quoting busifx
Long GU @ 2445 to target 2520 levels. Stops @ 2390 levels I think the dollar is overpriced. Soft Job numbers makes a strong case for only 1 more 25basis point hike which is already being reflected in the bond markets . this coupled with the debt ceiling shenanigans should see a USD selloff into FOMC midweek. am i missing anything?
ran for the hills @ 2485 to see how price fares at this resistance
  • #743,742
  • May 2, 2023 7:49am May 2, 2023 7:49am
Quoting ScalaFX
{quote} hard stop 2010
Tryin one more with revenge trade 2011 Sell Gold stop 2020
People don't plan to lose. They lose because they don't plan.
  • #743,743
  • May 2, 2023 7:53am May 2, 2023 7:53am
soon Buy on GU 24610
stop
  • #743,744
  • May 2, 2023 7:53am May 2, 2023 7:53am
Quoting Pat Chiko
{quote} GU Partial TP before major news in a few. Saving some money to buy dinner...{image}
GU

Common GU, don't take my stop.
Just gimme one more spike down to target...........
Attached Image (click to enlarge)
Click to Enlarge Name: gu 099.jpg Size: 128 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,745
  • May 2, 2023 7:54am May 2, 2023 7:54am
Quoting spacca
soon Buy on GU
Gold spike up....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,746
  • May 2, 2023 7:55am May 2, 2023 7:55am
Quoting sbmortimer
I scalped a few pips from USDCAD just now. I thought it was a pretty slow day after NY opened. But I'm happy to get a win day once in a while. {image}
What time zone are you at that's still dated 2023/05/01??
yesterday's profits what I see
  • #743,747
  • May 2, 2023 8:00am May 2, 2023 8:00am
Quoting Pat Chiko
{quote} GU Common GU, don't take my stop. Just gimme one more spike down to target........... {image}
GU

add position so price cannot go up.....
I hope it will hold price down....

Attached Image (click to enlarge)
Click to Enlarge Name: gu 100.jpg Size: 136 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,748
  • May 2, 2023 8:00am May 2, 2023 8:00am
If todays Low @ 2434 doesn't hold, we could see a test of 2385 levels.

A reclaim of 2500 levels should open the way for further gains to 2550 levels.

currently lurking by the sidelines patiently awaiting the market to show its hand.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 51 KB
  • #743,749
  • Edited 8:33am May 2, 2023 8:02am | Edited 8:33am
Quoting BrainBucks
{quote} What time zone are you at that's still dated 2023/05/01?? yesterday's profits what I see
Quoting sbmortimer
I scalped a few pips from USDCAD just now. I thought it was a pretty slow day after NY opened. But I'm happy to get a win day once in a while. {image}
GMT -4:00
I put today's and yesterday's up there because I don't often get 2 profitable days in a row.
I'm enjoying it.
Funded trader
  • #743,750
  • May 2, 2023 8:03am May 2, 2023 8:03am
Sorry I am learning. Why does gold spike up and gu went down? Anyone care to share?
  • #743,751
  • May 2, 2023 8:03am May 2, 2023 8:03am
Quoting Moty
i could have double that profit but after yesterday after it turn turned on my face , i closed it early {image}
managed to get some
now go to daily s2
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.png Size: 24 KB
yes yes yes
  • #743,752
  • May 2, 2023 8:04am May 2, 2023 8:04am
Quoting Zeiferz
Sorry I am learning. Why does gold spike up and gu went down? Anyone care to share?
Dollar down Gold up
  • #743,753
  • May 2, 2023 8:12am May 2, 2023 8:12am
Quoting Zeiferz
Sorry I am learning. Why does gold spike up and gu went down? Anyone care to share?
Let me share you my newbie answer.
Im still learning.

There is JOLTS data release prior to the spike up.
The number is not good for USD, thus in weaker position, gold spike up.

Same as GBP, it goes up a bit but not as excessive as gold.
Since GBP is a weak

If you got time , next time please check Calender section of FF, they are very informative and educational.
Attached Image (click to enlarge)
Click to Enlarge Name: jolts.jpg Size: 92 KB


I hope my answer is correct. Unless some pro or any experience traders in this thread want to add more.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,754
  • May 2, 2023 8:41am May 2, 2023 8:41am
Pattern just developed to long bias. Closed BE. No wonder I have gold for a big move from sometime back
POSTMASTER
  • #743,755
  • May 2, 2023 8:52am May 2, 2023 8:52am
Quoting Mitiblotch
This is the trade for me. Short Geppy at 171.44. TP 170.10. {image}
I hope someone took this trade with me. +134 pips TP hit. That's more than enough for the day. Sniper entry and exit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230502-164938_MetaTrader 5.jpg Size: 41 KB
  • #743,756
  • May 2, 2023 8:54am May 2, 2023 8:54am
Quoting ScalaFX
{quote} Tryin one more with revenge trade 2011 Sell Gold stop 2020
2014 added, I know this is manipulation, Gold must do 1960 first before going for new hights, lets see
People don't plan to lose. They lose because they don't plan.
  • #743,757
  • May 2, 2023 9:00am May 2, 2023 9:00am
bought GU tp 1.24903
  • #743,758
  • May 2, 2023 9:07am May 2, 2023 9:07am
Quoting AlfieSolomon
bought GU tp 1.24903
of 125 breaches then 12520-40 (where someone mentioned a gap) will be next.
Insane in the Brain..
  • #743,759
  • May 2, 2023 9:10am May 2, 2023 9:10am
Quoting BeeTogether
{quote} of 125 breaches then 12520-40 (where someone mentioned a gap) will be next.
There's equal high on m5 and i am eyeing my TP there just for 10-13 pips
  • #743,760
  • May 2, 2023 9:11am May 2, 2023 9:11am
Quoting ScalaFX
{quote} 2014 added, I know this is manipulation, Gold must do 1960 first before going for new hights, lets see
im with you from 2014 but its not looking good for us
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