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Cable Update (GBPUSD)

  • #744,581
  • May 7, 2023 11:10pm May 7, 2023 11:10pm
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We cut the winners short and let the losers run.
  • #744,582
  • May 7, 2023 11:11pm May 7, 2023 11:11pm
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 11:41pm May 7, 2023 11:41pm
Quoting yumademe
{quote} No selling for me till Wednesday
no selling what yubabuba doooo!!!!
  • #744,584
  • May 8, 2023 12:18am May 8, 2023 12:18am
+22.4 pips closed
be a thinker before being a reacter
  • #744,585
  • May 8, 2023 12:44am May 8, 2023 12:44am
You shell not pass 1.26661 mf
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yes yes yes
  • #744,586
  • May 8, 2023 12:51am May 8, 2023 12:51am
GBPUSD - Sell
Entry: 1.26502 (CPM)
SL: 1.26705
TP1 : 1.26305
TP2: 1.26105
TP3: 1.25905
  • #744,587
  • May 8, 2023 1:15am May 8, 2023 1:15am
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 8, 2023 1:18am May 8, 2023 1:18am
GBP further move to 1.27
  • #744,589
  • May 8, 2023 1:28am May 8, 2023 1:28am
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 8, 2023 1:33am May 8, 2023 1:33am
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 8, 2023 1:36am May 8, 2023 1:36am
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 8, 2023 1:39am May 8, 2023 1:39am
GBPUSD

Buy at 1.2649

target open
  • #744,593
  • May 8, 2023 1:42am May 8, 2023 1:42am
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 8, 2023 1:44am May 8, 2023 1:44am
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yes yes yes
  • #744,595
  • May 8, 2023 1:48am May 8, 2023 1:48am
Quoting surgeon
{quote} Sell all now. Dollar will gain sudden strength pretty soon.
....because
  • #744,596
  • May 8, 2023 1:55am May 8, 2023 1:55am
Quoting Waveskierrob
{quote} ....because
he have short positions
  • #744,597
  • May 8, 2023 1:56am May 8, 2023 1:56am
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 2:00am May 8, 2023 2:00am
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 2:03am May 8, 2023 2:03am
Quoting voeltoez
{quote} he have short positions
...we'll that clears that up...
  • #744,600
  • May 8, 2023 2:24am May 8, 2023 2:24am
short in..SL 1.2700
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