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Cable Update (GBPUSD)

  • #745,381
  • May 12, 2023 8:05am May 12, 2023 8:05am
We are still quite dangerously close to 125. A break below could be on cards as 12540 rejected a few times already. We haven’t seen daily pivot either. If data pulls cable up then pivot should break and open up 126 for next week. Very much dribs and drabs at the moment


although it does seem bulls are fighting back. Wil re enter if we get to 12530
Insane in the Brain..
  • #745,382
  • May 12, 2023 8:05am May 12, 2023 8:05am
Quoting JackintheBox
{quote} Perfect setup now for short. I could take my SL down to 1.2510. They attack again now, if 1.2510 is failing to hold, than upwards probably (should hold). Damn it, USD is weak. My patience is tiny... USD/CHF down 15 pips. SL 1.2510 (-2 pips loss if so) Edit: God, damn it, SL almost hit, 1.25097 max. lol. Now take it down please, it's enough with trend trading for me today. Really annoying lol.
Hell, what are they doing. I'm out, +/-0. No patience for me, PA SUCKS. No move, nothing, same crap like yesterday. PLEASE LEAVE GBP/USD whoever trade it like that with big money

Edit: Good, that I got out. Again confirmed: Don't trade with the trend lol.
  • #745,383
  • May 12, 2023 8:09am May 12, 2023 8:09am
Quoting Lbrto
{quote} you might want to search for a momentum indicator that can help you recognize a weakening trend so you can cash out ahead of time.
Indicators tend to cause me know end of trouble. I get a buy signal on one TF and a sell on another. If they work for others, fantastic. I just don't get along with them. Since I've ditched them, my losses are a lot smaller and profits bigger, and most importantly my stress level is a lot lower.

I've started using 4 hour structure and I'm actually starting to enjoy it again.
  • #745,384
  • May 12, 2023 8:10am May 12, 2023 8:10am
Quoting Coreg2004
GU was trapped in the range the whole week. DX has a biatch zone to overcome. It can take a while. {image} {image}
Attention, the Dollar Index approaching the bi(a)ch zone again.
Attached Image (click to enlarge)
Click to Enlarge Name: DX 05.12 daily.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #745,385
  • May 12, 2023 8:11am May 12, 2023 8:11am
That's awesome! I hope to be this good someday.
Right now I'm scalping and I'm happy to get the direction right. But I'm improving.
Quoting Elysion
{quote} Same, closed all GU. Patience paid off for GU today. Been holding positions from 1.252 - 1.253. I'm done for the day. 70% winrate I would say, a few losses before the price goes into my direction. Trade safe peeps. {image}
Funded trader
  • #745,386
  • May 12, 2023 8:12am May 12, 2023 8:12am
Quoting MrFanciful
{quote} Indicators tend to cause me know end of trouble. I get a buy signal on one TF and a sell on another. If they work for others, fantastic. I just don't get along with them. Since I've ditched them, my losses are a lot smaller and profits bigger, and most importantly my stress level is a lot lower. I've started using 4 hour structure and I'm actually starting to enjoy it again.
I see... All the best on your trade!
"No trade is still a trade." - Peter Borish
  • #745,387
  • May 12, 2023 8:31am May 12, 2023 8:31am
I may be wrong
Attached Image (click to enlarge)
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Tade safe guys cheers
my loss is your gain
  • #745,388
  • May 12, 2023 8:40am May 12, 2023 8:40am
Grr
  • #745,389
  • May 12, 2023 8:45am May 12, 2023 8:45am
GU shorts 20pips SL, target 1.24
  • #745,390
  • May 12, 2023 8:48am May 12, 2023 8:48am
Short 2505. TP 2470. No need for much questions
  • #745,391
  • May 12, 2023 8:49am May 12, 2023 8:49am
Quoting Bogdanoff
I may be wrong {image} Tade safe guys cheers
I have a buy waiting at 1.2378.
"No trade is still a trade." - Peter Borish
  • #745,392
  • May 12, 2023 8:51am May 12, 2023 8:51am
Some red sticker data in 10 mins are the bears about to be taken out? I will go long if we cross 12550 if not more shorting
anything below is shorting
Insane in the Brain..
  • #745,393
  • May 12, 2023 9:00am May 12, 2023 9:00am
If this consumer confidence is positive, it's a lie.
  • #745,394
  • May 12, 2023 9:02am May 12, 2023 9:02am
Quoting MrFanciful
If this consumer confidence is positive, it's a lie.
Almost, if the consumer confidence was strong it would be a lie, weaker than expected makes sense. Two-tiered reporting, positive for all of those with government jobs and negative for everyone else.
  • #745,395
  • May 12, 2023 9:03am May 12, 2023 9:03am
Need those
average dude treading water
  • #745,396
  • May 12, 2023 9:05am May 12, 2023 9:05am
Numbers are really bad for more rate hike, so good for USD, spiked down as it should, now retrace, I don't know why. Even the lows were not taken out.
I think we should call it a day. Two weird GBP/USD days end...
  • #745,397
  • May 12, 2023 9:05am May 12, 2023 9:05am
George Gammon put a video out the other day about how they have been putting out better than expected NFP data and then later revising it down to be worse than expected.
  • #745,398
  • May 12, 2023 9:08am May 12, 2023 9:08am
This one of reasons I stopped trading US related pairs.... sigh
  • #745,399
  • May 12, 2023 9:13am May 12, 2023 9:13am
Seems like US released another fake news
  • #745,400
  • May 12, 2023 9:19am May 12, 2023 9:19am
Quoting Pat Chiko
{quote} GU kink me baby one more time........... {image} {image} {image}
GU

Bro, you cross the line too many times everything can change very quickly . . . . . . .
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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I come from the future.
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