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Cable Update (GBPUSD)

  • #744,341
  • May 5, 2023 5:20am May 5, 2023 5:20am
Quoting Robinhood1
I am long UJ from 134.09 for 500 pips. Did not give the Algo a single chance this time Some members here alrready know

Closed with tiny profits after updating to switch to chfjpy long at 150.40. Going to shoot up.
POSTMASTER
  • #744,342
  • May 5, 2023 5:27am May 5, 2023 5:27am
Quoting firsttimer
{quote} scenario still valid on the weekly basis. (longer time frames) of course, counter trend trades still work at lower time frames. {image}
Seemed like "forces" shall continue pushing to 61.8%.

Have not entered any position yet. it is friday. trade safe guys.
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  • #744,343
  • May 5, 2023 5:28am May 5, 2023 5:28am
Quoting Robinhood1
{quote} Closed with tiny profits after updating to switch to chfjpy long at 150.40. Going to shoot up.
Actual target: 155.40
Rising at 000.02 cents per hour from now
POSTMASTER
  • #744,344
  • May 5, 2023 5:34am May 5, 2023 5:34am
Quoting Theoak
{quote} Are you tired of living a long and healthy life? Tune in to Doctor Dave's cable channel, where he'll convince you that the innocent act of drinking water can bring you one step closer to the grave! LOL WARNING WATER KILLS
Specially packed water with plastic. Distilled water is the key, without any nutrients especially inorganic. Nutrients are obtained with the help of lots of vegetables. Even the bold ones will start growing hair again just as an example

But what i state here sound rubish to 99% and will keep atending Mcdonalds. GL
POSTMASTER
  • #744,345
  • May 5, 2023 5:40am May 5, 2023 5:40am
Quoting firsttimer
{quote} Seemed like "forces" shall continue pushing to 61.8%. Have not entered any position yet. it is friday. trade safe guys. {image}
With NFP due at 8:30, it may not be the 'best time' to enter a trade.
  • #744,346
  • May 5, 2023 5:46am May 5, 2023 5:46am
Same for Gold

Actual target: 2215.82
Ascending rate: 0000.72
POSTMASTER
  • #744,347
  • May 5, 2023 5:52am May 5, 2023 5:52am
Quoting Mitiblotch
{quote} We are in May. And we just achieved 200 pips range this month from 2435 to 2635. That's hardly anywhere near expected monthly move.
✓Expected range for May is between 400 - 550 pips... All factors held constant of no out of the World breaking News... So far 40% of the expected move for May has occured within the First 5 trade days.

Next resistance stands at 1.2660 April 2022 High which is also coincidence of 260 pips expectation for the average first 5 trade days range of the month (1.2435 + 260 pips = 1.2695).

✓1.2783 is in tandem with January to May Behavior expected for Year 2023 (see previous post for May forecast) which if seen, still connects to 1.2383 in days ahead. Short positions gradually building as too many consecutive bullish weekly candles showing signs of exhaustion.

Also noteworthy that 80% of Month of May has ended bearish from year 2011 - 2022.
Data + Stat + Risk/Emotions Management
  • #744,348
  • May 5, 2023 5:54am May 5, 2023 5:54am
Quoting DrDave
{quote} News drives the market LOL The Sun revolves around the Earth. It's OBVIOUS from simple observation of the sun rising in the east and setting in the west day-in and day-out. Drinking water on a regular basis is CERTAIN to kill you!! EVERONE that I know who has died did it.
Just for your sake, I am restating my above post:

The market drives the news.
Success = Practice + Patience + Persistence
  • #744,349
  • May 5, 2023 6:07am May 5, 2023 6:07am
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yes yes yes
  • #744,350
  • May 5, 2023 6:12am May 5, 2023 6:12am
Quoting Georginson
{quote} ✓Expected range for May is between 400 - 550 pips... All factors held constant of no out of the World breaking News... So far 40% of the expected move for May has occured within the First 5 trade days. Next resistance stands at 1.2660 April 2022 High which is also coincidence of 260 pips expectation for the average first 5 trade days range of the month (1.2435 + 260 pips = 1.2695). ✓1.2783 is in tandem with January to May Behavior expected for Year 2023 (see previous post for May forecast) which if seen, still connects to 1.2383...
April 2023 range was lowest in 20 years.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #744,351
  • May 5, 2023 6:31am May 5, 2023 6:31am
Quoting dantpm
{quote} Talk to Georginson our historian.
Well, you quoted him and you agreed with his position. I trust his analysis, but I doubt he really said we have already almost covered the monthly range just 5 days into the month with a 200 pip range.
  • #744,352
  • May 5, 2023 6:32am May 5, 2023 6:32am
Quoting Georginson
{quote} ✓Expected range for May is between 400 - 550 pips... All factors held constant of no out of the World breaking News... So far 40% of the expected move for May has occured within the First 5 trade days. Next resistance stands at 1.2660 April 2022 High which is also coincidence of 260 pips expectation for the average first 5 trade days range of the month (1.2435 + 260 pips = 1.2695). ✓1.2783 is in tandem with January to May Behavior expected for Year 2023 (see previous post for May forecast) which if seen, still connects to 1.2383...

Correct. 40% is not "most of the move" as used by dantpm. I somehow knew he unintentionally misquoted you.
  • #744,353
  • May 5, 2023 6:39am May 5, 2023 6:39am
Less than an hour till NFP let’s see where it takes us (if anywhere) I will exit my shorts in a loss if we exceed 12680 take a hit and start again
Insane in the Brain..
  • #744,354
  • May 5, 2023 6:39am May 5, 2023 6:39am
Quoting BeeTogether
126 seems to be holding well so far, is it the new 121 magnet?
Someone says this 2600 magnet is made in China, so we cannot expect it to last. I wonder what that means
  • #744,355
  • May 5, 2023 6:40am May 5, 2023 6:40am
Quoting FulMargnAlch
Choose your battles. I was a little bit late for GU so I don't force the issue and just find another pair. Also, do not believe what others post here as their charts. That's why you'll only get confused and lose money when you follow them because their charts do not make any sense. How can they enter precisely at that level? Only a very few people truly post their charts. {image}
just learn and put together your own well-functioning system, don't bother with the many big-mouthed gamblers.


this is the best way.
  • #744,356
  • May 5, 2023 6:43am May 5, 2023 6:43am
Quoting BrainBucks
{quote} Someone says this 2600 magnet is made in China, so we cannot expect it to last. I wonder what that means
Either 1 of 2 possibilities:

1. It refers to the post-Covid re-opening in China (which people have been calling for the past 12 months) which calls for increased production and a higher level on cable

OR

2. It is a cheap bun on inexpensive magnets built in China that work for 2 weeks then die.
  • #744,357
  • May 5, 2023 6:44am May 5, 2023 6:44am
Will DXY pass 101.6 with the new impacts

i hope so. Hammer hammer GU
  • #744,358
  • May 5, 2023 6:50am May 5, 2023 6:50am
Quoting Haydel
{quote} Protected. {image}
Target hit!
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  • #744,359
  • May 5, 2023 6:53am May 5, 2023 6:53am
Quoting TooSlow
{quote} April 2023 range was lowest in 20 years.
Lowest monthly range in the past few years are May 2017, December 2017 and January 2020... They were all less than 310 pips recorded in April 2023.
Data + Stat + Risk/Emotions Management
  • #744,360
  • May 5, 2023 7:03am May 5, 2023 7:03am
Quoting fx6996
{quote} Either 1 of 2 possibilities: 1. It refers to the post-Covid re-opening in China (which people have been calling for the past 12 months) which calls for increased production and a higher level on cable OR 2. It is a cheap bun on inexpensive magnets built in China that work for 2 weeks then die.
without a doubt it's 2 then!
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