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Cable Update (GBPUSD)

  • #744,501
  • May 5, 2023 3:51pm May 5, 2023 3:51pm
Quoting Waveskierrob
Looking like another week in Atlantis for my FF GU trade, thank God for hedging and patience...
what’s your area for b/e ? I’m at 12566
Insane in the Brain..
  • #744,502
  • Edited 4:09pm May 5, 2023 3:56pm | Edited 4:09pm
Well the shorts gave some pips, enough for a diet coke and a new pair of socks.
You have an IQ lower than 90 if you interact with this user.
  • #744,503
  • May 5, 2023 3:58pm May 5, 2023 3:58pm
Quoting BeeTogether
{quote} what’s your area for b/e ? I’m at 12566
Hope you see it next week
  • #744,504
  • May 5, 2023 4:04pm May 5, 2023 4:04pm
The market neglected the news. Maybe it is because they don’t expect any rate hikes by FED.

The easiest trade of the day was Nasdax buy. Which I did not use.
  • #744,505
  • May 5, 2023 4:31pm May 5, 2023 4:31pm
I think GU with EU will be pushing up till data release in wednesday, some corection will be in play but I think max 2590-80, thats the area to reload some longs, cheers all and have a nice weekend!
People don't plan to lose. They lose because they don't plan.
  • #744,506
  • May 5, 2023 6:12pm May 5, 2023 6:12pm
Quoting ScalaFX
I think GU with EU will be pushing up till data release in wednesday, some corection will be in play but I think max 2590-80, thats the area to reload some longs, cheers all and have a nice weekend!
A couple of thoughts GU and EU popped this week on no significant news, almost as if the MMs simply wanted to move it. Going into next week there is nothing to stop them from moving price. It all comes down to where the open orders are and whether or not the algos can move prices to those open orders. Either this happens or we simply get a range bound scenario where they try to take of liquidity.
  • #744,507
  • May 5, 2023 6:56pm May 5, 2023 6:56pm
hell of an ending. Let's see what next week brings us
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  • #744,508
  • May 5, 2023 9:34pm May 5, 2023 9:34pm
Quoting dantpm
{quote} A couple of thoughts GU and EU popped this week on no significant news, almost as if the MMs simply wanted to move it. Going into next week there is nothing to stop them from moving price. It all comes down to where the open orders are and whether or not the algos can move prices to those open orders. Either this happens or we simply get a range bound scenario where they try to take of liquidity.
HI. There are times when MMs cannot control price. Manipulating the markets is a mistake, it is a consecuence of ignorance. It may suit 99% of the time but when the black swan shows up at 1%, it wipes MMs too, sending many to bankruptcy. We are doomed to become extinct as a species. Competition is a lethal enemy in all fields. If there is knowledge there is no need to steal abusing power that is temporary, sometimes you are at the top and sometimes at bottom. One of those drastic movements is brewing.
POSTMASTER
  • #744,509
  • May 6, 2023 1:57am May 6, 2023 1:57am
Quoting Georginson
{quote} its preparing for gigantic fall from early next week, this move is highly manipulated to eject early sellers and trap enough buyers upstairs... I see this run stopping around 1.2690 area then full scale sell back to 1.2500, then 1.2383. Patience and good money management will do the trick.
my view
still expecting 1.27

before 1.23
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MY OPINION NOT FINANCIAL ADVISE
  • #744,510
  • May 6, 2023 2:13am May 6, 2023 2:13am
Quoting BeeTogether
{quote} what’s your area for b/e ? I’m at 12566
1.1943 ....
  • #744,511
  • May 6, 2023 2:15am May 6, 2023 2:15am
Well looks like I was right again with price movement ...
  • #744,512
  • May 6, 2023 2:54am May 6, 2023 2:54am
Quoting Waveskierrob
Well looks like I was right again with price movement ...
Compulsions can be hard to resist
  • #744,513
  • May 6, 2023 2:56am May 6, 2023 2:56am
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Compulsions can be hard to resist
  • #744,514
  • May 6, 2023 3:24am May 6, 2023 3:24am
Quoting Waveskierrob
{quote} 1.1943 ....
Patience is virtue,
but i think taking the losses is smarter.
time is more expensive than money in the forex world.
  • #744,515
  • May 6, 2023 3:33am May 6, 2023 3:33am
1.270xx for me next week before death bears come in.
I believe the max weekly low is 1.2617x unless high is hit first.
Cheers!
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Consistency.
  • #744,516
  • May 6, 2023 3:36am May 6, 2023 3:36am
ICT shared this target for GU 3 weeks ago
And now it's unfolding
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  • #744,517
  • May 6, 2023 3:37am May 6, 2023 3:37am
Quoting Whale
{quote} Patience is virtue, but i think taking the losses is smarter. time is more expensive than money in the forex world.
I hear you but I waste no time waiting with my FF GU trade to move into profit, maybe just maybe I'm hedging with a SELL U/CHF and many others but as I've not posted any entries I can not say that...
  • #744,518
  • May 6, 2023 3:46am May 6, 2023 3:46am
Quoting Waveskierrob
{quote} I hear you but I waste no time waiting with my FF GU trade to move into profit, maybe just maybe I'm hedging with a SELL UJ and many others but as I've not posted any entries I can not say that...
it wasn't an advice or something like that.
I believe people are smart, and they know what they're doing.
Just a footnote to the weekend
  • #744,519
  • May 6, 2023 3:51am May 6, 2023 3:51am
Happy weekend!

Gap down at opening or up?
There are lots of political talks going on. Labour crashed Torries in latest council election, and who is to blame them losing 1061 seats? Can't wait for a new general election.
As investors started to favour Sunak's government, we have clear chaos behind the closed doors. Interesting to see how the latest news will be read.

Today we have glorious celebration around the country, while 100mln will be added to tax payers pockets. We should all enjoy coronation quiche and move on.
Recipe
https://www.bbc.com/travel/article/2...onation-quiche
  • #744,520
  • May 6, 2023 3:53am May 6, 2023 3:53am
Quoting Waveskierrob
{quote} 1.1943 ....

ouch!! Have been caught on wrong side of trades like that in the past too. Would love another visit to below 120 would pay for a years supply of Cheetos
Insane in the Brain..
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