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Cable Update (GBPUSD)

  • #744,941
  • May 10, 2023 8:31am May 10, 2023 8:31am
in & out all closed...
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  • #744,942
  • May 10, 2023 8:35am May 10, 2023 8:35am
Sell GU at 1,2639.
No SL and TP.
  • #744,943
  • May 10, 2023 8:38am May 10, 2023 8:38am
cpi is still high and since powell said they'll be monitoring the data from now shouldn't it have pumped the dollar?
  • #744,944
  • May 10, 2023 8:38am May 10, 2023 8:38am
Quoting boodvah
I’m sure price will continue trending up
boodvah, I love your confidence. Note that GU reached R2. If you trade with PP's you look for the move of 2 levels before reversing. Today we had a swing from PP to R2. Also, 161.8% of DRE has been reached but tomorrow might be a different animal.
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Always trade your own plan...I don't provide trading signals.
  • #744,945
  • May 10, 2023 8:42am May 10, 2023 8:42am
Quoting Georginson
Sold 1.2674, target 1.2624 .. Second sell limit at 1.2724, target 1.2674...
Target met... +50 pips.
Data + Stat + Risk/Emotions Management
  • #744,946
  • May 10, 2023 8:50am May 10, 2023 8:50am
Quoting Georginson
{quote} Target met... +50 pips.
Thanks!
  • #744,947
  • May 10, 2023 8:52am May 10, 2023 8:52am
Quoting Coreg2004
{quote} boodvah, I love your confidence. Note that GU reached R2. If you trade with PP's you look for the move of 2 levels before reversing. Today we had a swing from PP to R2. Also, 161.8% of DRE has been reached but tomorrow might be a different animal. {image}
I think this thing is waiting for tomorrow to do its thing. First, I knew with almost 100% certainty that 2670 area was going to hit. Why? Because London wasn't open on Monday and NY made that high at 2668. By anecdotal experience I knew by hook or crook London would get a taste of blood above that 2668. And now it has happened. Now if 2668-2680 keep resisting then we might be looking for a certain fall and close beneath 2585. Whilst in-between anything can happen.

Like you said, tomorrow is a different animal. Let's see if it's a goat or sheep.
  • #744,948
  • May 10, 2023 8:52am May 10, 2023 8:52am
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yes yes yes
  • #744,949
  • May 10, 2023 8:55am May 10, 2023 8:55am
Awesome price to scalp
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #744,950
  • May 10, 2023 8:56am May 10, 2023 8:56am
Quoting Yngwie
Awesome price to scalp
Pending long at 2624. But I doubt if it will touch there again today. Let's see if it gets picked up. I still have longs running from yesterday.
  • #744,951
  • May 10, 2023 8:59am May 10, 2023 8:59am
The key now is to see how it reacts to monthly R2. This could be a take profit and then break above r2 to even higher or a full scale trend reveresal
  • #744,952
  • May 10, 2023 9:00am May 10, 2023 9:00am
1.2645 stand for bears now
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #744,953
  • May 10, 2023 9:14am May 10, 2023 9:14am
Quoting Pat Chiko
{quote} GU Target for CPI news release later.{image}

GU

Stopped out on CPI data release News.
Revenge trade is way to get my money back...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #744,954
  • May 10, 2023 9:15am May 10, 2023 9:15am
Quoting eyefeelsix
{quote} like a suffocating ghost yesterday the market released its grip a few pips before my invalidation level @1.2569 was reached today will be my harvest day if the price continues north to break monday high even though my desired price of 1.2800 is unlikely to be reached for this week {image}
dwindling fruit reserves on the trees by 50% partial-closed lol
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https://breakpullback.com
  • #744,955
  • May 10, 2023 9:16am May 10, 2023 9:16am
I made 84 pips from 2 trade s from yesterday and closed out at 1.2660 bit too early and left some 10 pips on the table.
Now i have 2 buy trade set up from 1.2600 and 1.2590 , I don't think it will go to S1and tomorrow the pp will move up again.
  • #744,956
  • May 10, 2023 9:21am May 10, 2023 9:21am
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yes yes yes
  • #744,957
  • May 10, 2023 9:29am May 10, 2023 9:29am
Quoting eyefeelsix
{quote} dwindling fruit reserves on the trees by 50% partial-closed lol {image}
You will dine well on the fruits that you have reaped, harvested and so on
  • #744,958
  • May 10, 2023 9:35am May 10, 2023 9:35am
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yes yes yes
  • #744,959
  • May 10, 2023 9:43am May 10, 2023 9:43am
Try small risk long here 1.2619 SL 1.2600
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #744,960
  • May 10, 2023 9:44am May 10, 2023 9:44am
Quoting dantpm
{quote} You will dine well on the fruits that you have reaped, harvested and so on
thanks dant, fruits are an excellent source of essential vitamins and minerals
btw.. sometimes I missed your nice posts because you printed with blue italics makes my eyes a little sore

keep it up, cheers
https://breakpullback.com
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