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Cable Update (GBPUSD)

  • #743,921
  • May 3, 2023 11:44am May 3, 2023 11:44am
A classic from my youth

Inserted Video
POSTMASTER
  • #743,922
  • May 3, 2023 11:44am May 3, 2023 11:44am
It seems to me that most of you make the easy difficult and the difficult impossible.
Look at GBPUSD M1: If it continues making higher highs and higher lows, is it even POSSIBLE to be going down??
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To free Gazans of Hamas, use whatever it takes.
  • #743,923
  • May 3, 2023 11:46am May 3, 2023 11:46am
so Im added one more short now 2553, enough risk for GU, even if rocket up Im no adding more and will be managing later, worst situation is Gold, some more risk there, waiting for the Storm
People don't plan to lose. They lose because they don't plan.
  • #743,924
  • May 3, 2023 11:47am May 3, 2023 11:47am
Quoting DrDave
It seems to me that most of you make the easy difficult and the difficult impossible. Look at GBPUSD M1: If it continues making higher highs and higher lows, is it even POSSIBLE to be going down?? {image}
yes, its very possible, chance is 50/50
People don't plan to lose. They lose because they don't plan.
  • #743,925
  • May 3, 2023 11:47am May 3, 2023 11:47am
Quoting ScalaFX
{quote}movies blocked in my country
That's why on the 8th day, god created VPNs . . .
To free Gazans of Hamas, use whatever it takes.
  • #743,926
  • May 3, 2023 11:48am May 3, 2023 11:48am
Quoting Mitiblotch
Long GU here at 2507. TP 2650. {image}
Move entry to +2. I sincerely think bears are going to get really badly hurt today. Patiently waiting for TP. Hoping it hits.
  • #743,927
  • May 3, 2023 11:49am May 3, 2023 11:49am
Quoting Coreg2004
{quote} eyefeelsix, as you said, it's tough time to trade this range b/c the swings are too small. If we don't take 30-35 pips of profit we can have a losing trade. That's why I stick to 15 min TF. The dollar index made yesterday the abc pattern and I started to think that the low at B might be vulnerable. {image}
( b ) threatened with extinction
https://breakpullback.com
  • #743,928
  • May 3, 2023 11:49am May 3, 2023 11:49am
Quoting ScalaFX
{quote} yes, its very possible, chance is 50/50
Seems you flunked physics class.
To free Gazans of Hamas, use whatever it takes.
  • #743,929
  • May 3, 2023 11:50am May 3, 2023 11:50am
Quoting Haydel
{quote} Bought some more. We'll see. {image}
I closed one of my trades with a little profit before news, just in case.
I left the other open so we will see how far it goes.

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My target is 1.2626 based on the Weekly chart.
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  • #743,930
  • May 3, 2023 11:52am May 3, 2023 11:52am
Quoting DrDave
{quote} Seems you flunked physics class.
patience is the key
People don't plan to lose. They lose because they don't plan.
  • #743,931
  • May 3, 2023 11:52am May 3, 2023 11:52am
Pleasure for your eyes

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POSTMASTER
  • #743,932
  • May 3, 2023 11:54am May 3, 2023 11:54am
Quoting DrDave
{quote} Seems you flunked physics class.

Goog day Dr.

Was wondering where were you? Thought they´d given you the sack
POSTMASTER
  • #743,933
  • May 3, 2023 12:00pm May 3, 2023 12:00pm
Have a short position. Need some hawkish FED news haha. Surely they will be hawkish, all the Central banks have been Aussie etc, inflation still high and they can not afford wage-price inflation. I get concerns on a recession but inflation the bigger problem surely.

What do you guys think? Why might they do dovish/ why might GBPUSD go up?
  • #743,934
  • May 3, 2023 12:02pm May 3, 2023 12:02pm
Quoting DrDave
{quote} Seems you flunked physics class.
please explain the physics part. I was pretty good at it once upon a time
welcome back btw!
You have an IQ lower than 90 if you interact with this user.
  • #743,935
  • May 3, 2023 12:04pm May 3, 2023 12:04pm
Quoting Robinhood1
{quote} Goog day Dr. Was wondering where were you? Thought they´d given you the sack
Greetings my friend.

Not yet. Seems that I have managed to generate enough views to be an asset in the site's wealth creation plan.

As you might have noticed from one of the images, I have been working on a little tweak to my system that might help me in further simplification that brings even easier "at a glance" understanding of what is transpiring.
To free Gazans of Hamas, use whatever it takes.
  • #743,936
  • May 3, 2023 12:07pm May 3, 2023 12:07pm
Quoting GUTrader2002
Have a short position. Need some hawkish FED news haha. Surely they will be hawkish, all the Central banks have been Aussie etc, inflation still high and they can not afford wage-price inflation. I get concerns on a recession but inflation the bigger problem surely. What do you guys think? Why might they do dovish/ why might GBPUSD go up?
anything that gives them an excuse to implement a new economic system with CBDC.
You have an IQ lower than 90 if you interact with this user.
  • #743,937
  • May 3, 2023 12:07pm May 3, 2023 12:07pm
Quoting GUTrader2002
Have a short position. Need some hawkish FED news haha. Surely they will be hawkish, all the Central banks have been Aussie etc, inflation still high and they can not afford wage-price inflation. I get concerns on a recession but inflation the bigger problem surely. What do you guys think? Why might they do dovish/ why might GBPUSD go up?
GBPUSD might continue further up simply because it has not yet shown confirmation even on M1 that it is going down.
To free Gazans of Hamas, use whatever it takes.
  • #743,938
  • May 3, 2023 12:10pm May 3, 2023 12:10pm
Quoting Wavegarrick
{quote} I was over eager with the above trades. Nevertheless all good now. 202 pips in Gu closed trades for the week. The pullback certainly deeper than I anticipated. Bulls need a strong push back above 1.25500. Take care. Cheers.{image} {image}
I am gonna stick my neck out before the Dollar rate decision. Clues are often in the way price behaves or manifests itself. I do not propagate following my trades as I speak from a position of strength. I have a backup plan if trades go against me. Nevertheless I do believe that the rate decision will be used to pump GU up to 1.26921 ish. In fact Gu is lagging Behind Eu in the yearly range.
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Usdx has a way to go down and unless a concise weekly break above 102.314 I am inclined to stay with dollar bears for the short to medium term.
98.933 for sure is a very realistic target. No need to look for bottoming just yet.
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Take care,
Cheers
Trade to trade another day
  • #743,939
  • May 3, 2023 12:13pm May 3, 2023 12:13pm
Quoting Ferna
{quote} please explain the physics part. I was pretty good at it once upon a time welcome back btw!
An object in motion has momentum in some direction. In order to change the direction that the object is moving, a change of momentum must occur.

GBPUSD is has upward momentum. Any evidence of a mometum change that could result in it moving down? None that I see.

And just to clarify, it is rare for an INSTANTANEOUS change of direction. So even when momentum does change, there is typically a time lag before the direction change is manifested. That is, assuming that the momentum change was sufficient to at least cancel the current momentum.
To free Gazans of Hamas, use whatever it takes.
  • #743,940
  • May 3, 2023 12:17pm May 3, 2023 12:17pm
Quoting Wavegarrick
{quote}... In fact Gu is lagging Behind Eu in the yearly range.
Yes, that is a huge factor. I'm very unsure why they keep it in that tight range, - may be they don'T know if it would not be better to make the yearly range bigger- but to the downside. Big news for moving the masses (psychologically) are still missing. I don't know. But to extend dollar weakness should be no problem but may be currently because of all the russian stuff not wished by big money.
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