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Cable Update (GBPUSD)

  • #745,481
  • May 12, 2023 2:52pm May 12, 2023 2:52pm
Quoting Jolita
Price @daily EMA20, 12531 would like to breakdown this channel towards Ema50 12424. UK economy is a sinking boat.
Good day.
12430 will do for tonight.
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  • #745,482
  • May 12, 2023 3:11pm May 12, 2023 3:11pm
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Air force
  • #745,483
  • May 12, 2023 5:42pm May 12, 2023 5:42pm
As i said there is a paradigm shift in the us dollar get long the dollar ...dont miss out baby!!!! I called this days ago.
  • #745,484
  • May 12, 2023 7:05pm May 12, 2023 7:05pm
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  • #745,485
  • May 12, 2023 7:55pm May 12, 2023 7:55pm
Quoting ninner
As i said there is a paradigm shift in the us dollar get long the dollar ...dont miss out baby!!!! I called this days ago.
Love it when a someone learns a new word then uses it in nearly every post they write......at least they are starting to spell it right...well done...
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  • #745,486
  • May 12, 2023 8:07pm May 12, 2023 8:07pm
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
Technical retracement probably...
"No trade is still a trade." - Peter Borish
  • #745,487
  • May 12, 2023 9:05pm May 12, 2023 9:05pm
Current view on GU and EU.
Monday Asian session will edge slightly lower only then retrace back up.

We're currently at a H4 demand zone and potential support area right now.

If the bulls come back strong then we go back up to 1.26 although fundamentals are currently in favor to USD.
Just my view.
Monday always sucks.
And I'm stuck in a long over the weekends
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Exhausted
  • #745,488
  • May 12, 2023 9:09pm May 12, 2023 9:09pm
Quoting Jolita
{quote} Good day. 12430 will do for tonight.{image}
Price edges slightly out of the channel and still intact it seems
Potentially a reversal point.
Exhausted
  • #745,489
  • May 12, 2023 9:39pm May 12, 2023 9:39pm
Quoting Lbrto
{quote} Technical retracement probably...
JUST pull up a chart of the dollar index...it is right there!!!
  • #745,490
  • May 12, 2023 11:07pm May 12, 2023 11:07pm
Quoting ninner
{quote} JUST pull up a chart of the dollar index...it is right there!!!
So what's driving the dollar index then? That in essence is also what the original poster is asking.

You can contribute to the discussion if you can explain what's driving the index, instead of being a smart@ss.
"No trade is still a trade." - Peter Borish
  • #745,491
  • May 13, 2023 1:16am May 13, 2023 1:16am
Quoting Wavegarrick
1.24500 has held since Nov 2022. The break above 1.24500 was significant in April of this year. Could 1.24500 be a deciding point between bulls and bears this year? Of course I remain in the bull camp. Market swings are not decided in a whim, I see this as a deeper correction, for now at least. Cheers.
Hi Leon, if i may ask..what is your target for DXY bears if possible to reach?
  • #745,492
  • May 13, 2023 4:48am May 13, 2023 4:48am
Putting in an order for long at 12465 (circa 20 over close) TP 125
Insane in the Brain..
  • #745,493
  • May 13, 2023 5:12am May 13, 2023 5:12am
Quoting BeeTogether
Putting in an order for long at 12465 (circa 20 over close) TP 125
We can put limit order when the market is closed?
Never tried it.
More time in the market, does not mean you trade better!
  • #745,494
  • May 13, 2023 5:33am May 13, 2023 5:33am
Quoting Fardeen1209
{quote} We can put limit order when the market is closed? Never tried it.
tried it on IG seems to work let’s see if happens lol
Insane in the Brain..
  • #745,495
  • May 13, 2023 6:45am May 13, 2023 6:45am
Quoting MrFanciful
{quote} Don't worry...The USD is going to zero, just like every other fiat currency. The others are just going there faster.
one more crypto-zombie xD
  • #745,496
  • May 13, 2023 6:46am May 13, 2023 6:46am
1.242~1.2440 seems resistance area. Will we get a turning point.
  • #745,497
  • May 13, 2023 7:00am May 13, 2023 7:00am
Quoting Jolita
{quote} Good day. 12430 will do for tonight.{image}
Jol what the upside dotted line represents?
  • #745,498
  • Edited 7:39am May 13, 2023 7:17am | Edited 7:39am
Quoting Whale
{quote} Jol what the upside dotted line represents?
Indi - Donchian Channel -Upper, Middle and Lower, period set to 20.
Works really well on all tf's. If top completed next most likely attempt is to take lows. Similar principal to Bollinger Bands, but way better.

Info:
https://en.wikipedia.org/wiki/Donchian_channel
  • #745,499
  • May 13, 2023 9:43am May 13, 2023 9:43am
It seems like daily and weekly vol profiles go hand in hand with wyckoff method
be a thinker before being a reacter
  • #745,500
  • May 13, 2023 11:42am May 13, 2023 11:42am
Not so busy next week, but that when volatility take place.
More time in the market, does not mean you trade better!
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