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Cable Update (GBPUSD)

  • #745,221
  • May 11, 2023 11:26am May 11, 2023 11:26am
If Cable cannot break above 2530 levels between now and Asia i fear it might be doomed to the dark abbys below 1.25

If DXY 101.90 freshly minted support holds there could be a big black bear lurking @ 2530. If not we should see a quick and rigorous price action to 2565 resistance.

Keenly watching this.
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  • #745,222
  • May 11, 2023 11:31am May 11, 2023 11:31am
Quoting StoppedOut
{quote}{quote} what exactly do you mean boe. are they having a secret meeting
have you seen ff calendar?
  • #745,223
  • May 11, 2023 11:37am May 11, 2023 11:37am
Quoting voeltoez
{quote} have you seen ff calendar?
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  • #745,224
  • May 11, 2023 11:50am May 11, 2023 11:50am
Quoting busifx
{quote}{image}
the only thing related to be boe is when BOE Gov Bailey Speaks on Wednesday next week. you might want to press the plus (+) keyboard button when looking at ff calendar. lol
  • #745,225
  • May 11, 2023 12:06pm May 11, 2023 12:06pm
So close to 20 pips, yet so far.
Exhausted
  • #745,226
  • May 11, 2023 12:20pm May 11, 2023 12:20pm
Long 1.251
tp 1.254
sl 1.25

RR 1:3
  • #745,227
  • May 11, 2023 12:21pm May 11, 2023 12:21pm
Quoting busifx
If Cable cannot break above 2530 levels between now and Asia i fear it might be doomed to the dark abbys below 1.25 If DXY 101.90 freshly minted support holds there could be a big black bear lurking @ 2530. If not we should see a quick and rigorous price action to 2565 resistance. Keenly watching this. {image}

we may be at a cusp at a paradym shift in the us dollar as the double bottom isholding... big paradym shift.
  • #745,228
  • May 11, 2023 12:50pm May 11, 2023 12:50pm
Quoting StoppedOut
How price is respecting the cadet blue line is quite magical. Fun times ahead for the bulls.note the line was once resistance but now bulls have converted it to provide support. {image}
Nice to see that you discovered it. I've used nearly the same for a very longtime. Now you just need to figure out how to use it with a few others.
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To free Gazans of Hamas, use whatever it takes.
  • #745,229
  • May 11, 2023 1:00pm May 11, 2023 1:00pm
Quoting Whale
Long 1.251 tp 1.254 sl 1.25 RR 1:3

similar TP to me although as usual I don’t have a SL
Insane in the Brain..
  • #745,230
  • May 11, 2023 1:03pm May 11, 2023 1:03pm
Quoting Jolita
I don't like weekly EMA hanging at 12820, nex lower is EMA 100 12518. Which one price will go for next? Daily {image}
EMA100 was a good choice.
Bank rate priced in, news on the radio all morning. Political tensions rising.
  • #745,231
  • May 11, 2023 1:04pm May 11, 2023 1:04pm
Do charts and candlesticks differs from brokers to brokers?
I was comparing two diff charts side by side and noticed this.
Left side (top) from my current broker, right side (bottom) is from ftmo.
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Exhausted
  • #745,232
  • May 11, 2023 1:16pm May 11, 2023 1:16pm
Sold from 1.25

i expect another big dump tomorrow
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #745,233
  • May 11, 2023 1:17pm May 11, 2023 1:17pm
Quoting Elysion
Do charts and candlesticks differs from brokers to brokers? I was comparing two diff charts side by side and noticed this. Left side (top) from my current broker, right side (bottom) is from ftmo. {image} {image}
Yes, many generate their own candles.
  • #745,234
  • May 11, 2023 1:17pm May 11, 2023 1:17pm
Quoting Pat Chiko
{quote} GU After Momentum canldle (dont stand in front of the train) , price now N-tering compression zone. Its not for S&R zone to play.{image} I will now move all my stop to positive and go for smoke. Luckly today is not FRIDAY for party............... Please dont do anything stupid while I'm gone for smoke...
GU

Last thought.
Free ride. Please, Put Stop at profit not a B/E. You may end up with many many BE trades.



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I come from the future.
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  • #745,235
  • May 11, 2023 1:17pm May 11, 2023 1:17pm
Would be nice to end the day touching 12460.
  • #745,236
  • May 11, 2023 1:24pm May 11, 2023 1:24pm
Quoting Elysion
Do charts and candlesticks differs from brokers to brokers? I was comparing two diff charts side by side and noticed this. Left side (top) from my current broker, right side (bottom) is from ftmo. {image} {image}
Check maybe different price settings selected in settings - ask/mid/bid
  • #745,237
  • May 11, 2023 1:36pm May 11, 2023 1:36pm
Quoting Pat Chiko
{quote} GU Last thought. Free ride. Please, Put Stop at profit not a B/E. You may end up with many many BE trades. {image}
GU

Projection of the bout as buyers and sellers are squaring off around the $1.25 handle.
Who will pull stronger, as next support line is 1.245 and Resistance at 1.259.

1.25 will decide.
Sleep with this number tonight.
If break below , then we got party on Friday.................. whooohoo..
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P/S Navin , how's you bird is doing ? Still survive ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,238
  • May 11, 2023 1:36pm May 11, 2023 1:36pm
Some pretty important UK data due tomorrow at 7am BST. For me it’s long until the data. Any thing shite can send this baby down to the 12380 area that was in my radar since we broke above 125
Insane in the Brain..
  • #745,239
  • May 11, 2023 1:42pm May 11, 2023 1:42pm
Is it GBP is weak or USD is strong ?

Look at GOLD ie XAU/USD for comparison to understnad how strong is USD

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,240
  • May 11, 2023 1:46pm May 11, 2023 1:46pm
Quoting Pat Chiko
Is it GBP is weak or USD is strong ? Look at GOLD ie XAU/USD for comparison to understnad how strong is USD {image}
And to confirm our bias, we look at GDP numbers...
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cough... cough.....

The UK economy is a bag of nails.
Running on four flat tyres.
Has one spark plug removed and is on three cylinders thanks to Brexit.
Don't listen to 'experts' - ask people on the street.

The economist and BoE did this to the people.
The interesting thing is that these highly paid experts, economist, politician, BoE, adamantly advise the general public on how much better should people do with the little money they have, how to save it, spend it, work two jobs and so on.

They expect everyone else to be an economist, but not themselves. They spend money like water..........
I come from the future.
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