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Cable Update (GBPUSD)

  • #744,581
  • May 7, 2023 9:10pm May 7, 2023 9:10pm
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We cut the winners short and let the losers run.
  • #744,582
  • May 7, 2023 9:11pm May 7, 2023 9:11pm
Quoting yumademe
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! {image}
No selling for me till Wednesday
Consistency.
  • #744,583
  • May 7, 2023 9:41pm May 7, 2023 9:41pm
Quoting yumademe
{quote} No selling for me till Wednesday
no selling what yubabuba doooo!!!!
  • #744,584
  • May 7, 2023 10:18pm May 7, 2023 10:18pm
+22.4 pips closed
be a thinker before being a reacter
  • #744,585
  • May 7, 2023 10:44pm May 7, 2023 10:44pm
You shell not pass 1.26661 mf
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yes yes yes
  • #744,586
  • May 7, 2023 10:51pm May 7, 2023 10:51pm
GBPUSD - Sell
Entry: 1.26502 (CPM)
SL: 1.26705
TP1 : 1.26305
TP2: 1.26105
TP3: 1.25905
  • #744,587
  • May 7, 2023 11:15pm May 7, 2023 11:15pm
Morning all! Hard to sell but for me is not level to buy even if catapult to 1.28, Im waiting there, canceled all pendings from 2670 till 2700, I think price make more up, cheers!
People don't plan to lose. They lose because they don't plan.
  • #744,588
  • May 7, 2023 11:18pm May 7, 2023 11:18pm
GBP further move to 1.27
  • #744,589
  • May 7, 2023 11:28pm May 7, 2023 11:28pm
Quoting Fahiz
GBP further move to 1.27
Yes, that could be right but there is need for market to do slight correction of recent uptrend before resuming northward move again
With patience and discipline,you move beyond the sky
  • #744,590
  • May 7, 2023 11:33pm May 7, 2023 11:33pm
Quoting biodunola07
{quote} Yes, that could be right but there is need for market to do slight correction of recent uptrend before resuming northward move again
I agree.
I'm also waiting for a correction.
  • #744,591
  • May 7, 2023 11:36pm May 7, 2023 11:36pm
Mixed signals for me - Lane due to speak, likely to talk up interest rate hikes.
Bloomberg talking about UK traders betting on no interest rate raises by the BOE
Makes me think that EURGBP looks cheap. Lets see when London opens - for further thoughts
ATM - risk on sentiment. Structurally though Cable nice place to short it. Perhaps when London opens up they might take advantage of a cheap dollar
Although it is a holiday in the UK- so liquidity likely to be a bit thin.
Also China and the US are in talks, but not sure how much impact this will really have on Cable.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #744,592
  • May 7, 2023 11:39pm May 7, 2023 11:39pm
GBPUSD

Buy at 1.2649

target open
  • #744,593
  • May 7, 2023 11:42pm May 7, 2023 11:42pm
Quoting ninner
hit tp on my second trounch of audjpy and now riding my 3rd trounch.....risk free...love trading!!!
...me too...
  • #744,594
  • May 7, 2023 11:44pm May 7, 2023 11:44pm
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yes yes yes
  • #744,595
  • May 7, 2023 11:48pm May 7, 2023 11:48pm
Quoting surgeon
{quote} Sell all now. Dollar will gain sudden strength pretty soon.
....because
  • #744,596
  • May 7, 2023 11:55pm May 7, 2023 11:55pm
Quoting Waveskierrob
{quote} ....because
he have short positions
  • #744,597
  • May 7, 2023 11:56pm May 7, 2023 11:56pm
Quoting voeltoez
{quote} he have short positions
Indeed, 83% of retail traders do according to Myfxbook, which usually means more pain (ie price will keep rising).
  • #744,598
  • May 8, 2023 12:00am May 8, 2023 12:00am
Quoting SFundamental
Mixed signals for me - Lane due to speak, likely to talk up interest rate hikes. Bloomberg talking about UK traders betting on no interest rate raises by the BOE Makes me think that EURGBP looks cheap. Lets see when London opens - for further thoughts ATM - risk on sentiment. Structurally though Cable nice place to short it. Perhaps when London opens up they might take advantage of a cheap dollar Although it is a holiday in the UK- so liquidity likely to be a bit thin. Also China and the US are in talks, but not sure how much impact this will really...
The other thing is that Frankfurt bought Cable off the POC- so that could be an indication on what London might do.
Need to see a change in sentiment.
Not seeing that - think that equities starting to look at bit cheap though
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #744,599
  • May 8, 2023 12:03am May 8, 2023 12:03am
Quoting voeltoez
{quote} he have short positions
...we'll that clears that up...
  • #744,600
  • May 8, 2023 12:24am May 8, 2023 12:24am
short in..SL 1.2700
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