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Cable Update (GBPUSD)

  • #745,581
  • May 15, 2023 2:59am May 15, 2023 2:59am
Quoting Pat Chiko
{quote} Their children or grand children, or great grand children.... {image}
who is paying now? who is lending?
  • #745,582
  • May 15, 2023 3:09am May 15, 2023 3:09am
Quoting Pat Chiko
{quote} GU And the scalping continue..... Gimme one GAP please..... {image} {image}
where did you close those sell orders? price haven't reached targets and moved straight up
  • #745,583
  • May 15, 2023 3:36am May 15, 2023 3:36am
Quoting eyefeelsix
{quote} not too much, I just take 3R for this movement {image}
back to plan A --- my target updated to 1.2550 for 6R zero risk
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
https://breakpullback.com
  • #745,584
  • May 15, 2023 3:36am May 15, 2023 3:36am
Not going up nor going down.
I guess that's Monday for us.
Exhausted
  • #745,585
  • May 15, 2023 3:44am May 15, 2023 3:44am
Quoting Elysion
Not going up nor going down. I guess that's Monday for us.
setting up for a potential short on 4 hour chart maybe later
  • #745,586
  • May 15, 2023 3:47am May 15, 2023 3:47am
Quoting donfriday
{quote} same here my target 1.2550
was long 1.2475
exit at 1.2485 +10 not looking good


now short target 1.2350
MY OPINION NOT FINANCIAL ADVISE
  • #745,587
  • May 15, 2023 3:48am May 15, 2023 3:48am
12490 not cracking.. it needs to for a final push to 125. That area can open up routes down or further up depending on sentiment. Today it’s quietly drifting upward but without too much noise. This move could end anytime and reverse


edit: added SL to b/e if it breaks it’s short all the way
Insane in the Brain..
  • #745,588
  • May 15, 2023 3:54am May 15, 2023 3:54am
Quoting BeeTogether
12490 not cracking.. it needs to for a final push to 125. That area can open up routes down or further up depending on sentiment. Today it’s quietly drifting upward but without too much noise. This move could end anytime and reverse
The calm before a storm.
Exhausted
  • #745,589
  • May 15, 2023 3:55am May 15, 2023 3:55am
I'm scalping other pairs so see you later Cable.
Exhausted
  • #745,590
  • May 15, 2023 3:57am May 15, 2023 3:57am
Quoting BeeTogether
12490 not cracking.. it needs to for a final push to 125. That area can open up routes down or further up depending on sentiment. Today it’s quietly drifting upward but without too much noise. This move could end anytime and reverse edit: added SL to b/e if it breaks it’s short all the way

yes, the 1.24900-1.25000 correction ends and it can go anywhere again.
  • #745,591
  • May 15, 2023 4:07am May 15, 2023 4:07am
Quoting Yngwie
1.2500 to be watched
Let small risk sell 1.2487 SL 1.2510
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #745,592
  • May 15, 2023 4:21am May 15, 2023 4:21am

EURUSD dropped. GU stuck in small range.
Exhausted
  • #745,593
  • May 15, 2023 4:44am May 15, 2023 4:44am
Giving up on GU, Im still holding short positions with SL at 1.25 but I'll focus scalp on other pairs.
Exhausted
  • #745,594
  • May 15, 2023 4:48am May 15, 2023 4:48am
Attached Image (click to enlarge)
Click to Enlarge Name: 834D551F-3C4A-4AF9-BCA1-9D7336488A17.png Size: 39 KB
My telegram: https://t.me/avidforex
  • #745,595
  • May 15, 2023 5:02am May 15, 2023 5:02am
Come on 125 time to play make money !!
Insane in the Brain..
  • #745,596
  • May 15, 2023 5:02am May 15, 2023 5:02am
Quoting Elysion
{quote} Because daily engulfing candles with little to no wicks formed att closing are a risk to go for reverse trade hold. Going with the major trend is way safer. Of course there are key areas to take note for rejections. Currently 1.25 is the PoI. And...although I'm no master in Elliotte wave but this bullish momentum is looking to be a retracement for further continuation downwards. And current fundamentals are supporting USD due to fear buying and weak GU economy.
this bullish momentum is looking to be a retracement for further continuation downwards.

Sure, but you must keep in view which TF has more immediate impact on DAY trading. That "further continuation downwards" relates to the D2 TF, which is rather far away for impacting the direction during today. H2 was going up this morning, and H4 went up with it. Don't those TFs impact the price movement during the day much more than the far away D2? With H4 "on the move" upward, even if it is a RETRACEMENT to D2, there WILL be PULLBACKS on smaller TFs that can be used to launch buy CONTINUATIONS to H4.
To free Gazans of Hamas, use whatever it takes.
  • #745,597
  • May 15, 2023 5:07am May 15, 2023 5:07am
Quoting genadi
{quote} who is paying now? who is lending?
I am borrowing from Peter to pay Paul. And Paul is paying Peter with that money from me, which was borrowed from Peter to begin with. So Peter's money just keeps going 'round-and-'round with no one needing to actually earn any additional money to keep the debts paid.
To free Gazans of Hamas, use whatever it takes.
  • #745,598
  • May 15, 2023 5:22am May 15, 2023 5:22am
Hello guys, last week open to high distance was 54 pips, if 54 pips is added to this week open that will be 1.2450 + 54 pips = 1.2508. I will be selling from 1.2508 to 1.2540.

Sell 1 @ 1.2504, Target 1.2407
Sell 2 @ 1.2535, Target 1.2435
All stop loss set @ 1.2550.

As always no obligation to follow
Data + Stat + Risk/Emotions Management
  • #745,599
  • May 15, 2023 5:58am May 15, 2023 5:58am
Profit taken.. maybe now is a time to short a bit
Insane in the Brain..
  • #745,600
  • May 15, 2023 6:01am May 15, 2023 6:01am
DXY
down down = usd sell sell sell
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 383 KB
Trendlines H1,H4, SMC
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