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Cable Update (GBPUSD)

  • #745,781
  • May 16, 2023 5:48am May 16, 2023 5:48am
Quoting BrainBucks
2600 calling... Or somewhere really closeby
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  • #745,782
  • May 16, 2023 5:50am May 16, 2023 5:50am
It better be fallin tho. LETS GO BEARS
  • #745,783
  • May 16, 2023 5:52am May 16, 2023 5:52am
lets breath to 1.2510 then shoot up to 1.26
  • #745,784
  • May 16, 2023 5:53am May 16, 2023 5:53am
Quoting dantpm
{quote} {image}
miss the volleyball players or is there American football on the beach today?
  • #745,785
  • May 16, 2023 5:56am May 16, 2023 5:56am
Quoting Coreg2004
After the ABC correction was made the EW traders set the zone for the potential wave 4@ 1.2510-1.2535. The pattern is invalidated when the market closes above 1.2566. If the zone holds, the low at C/3 should be taken out. If not, at least deeper correction is in play if not the new high. {image}
This precision is crazy good!
  • #745,786
  • May 16, 2023 5:57am May 16, 2023 5:57am
Quoting Isabella_D
{quote} miss the volleyball players or is there American football on the beach today?
Where's 1.26? Where's Waldo?
Pat's kink appears to have held so far this AM. News at 8:30.
  • #745,787
  • May 16, 2023 5:59am May 16, 2023 5:59am
Red sticker data in 90 mins
Insane in the Brain..
  • #745,788
  • May 16, 2023 6:01am May 16, 2023 6:01am
Looking to buy pullbacks on 5 min chart, targeting 1.2630
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #745,789
  • May 16, 2023 6:05am May 16, 2023 6:05am
GU

H1 we had what looks like a correction down which is part of H4 structure
H4 is moving against D1 so again we assume corrective structure

So if the current H1 move up is C or 3 , it should come back to test 2512 which was the break down area from the assumed H1 correction , that could give a nice entry for the long side to target 2575-2585
Follow The Markets Structure - Patience and Discipline
  • #745,790
  • May 16, 2023 6:07am May 16, 2023 6:07am
So far support at 12530 holding up quite well. Let’s see how the market reacts to data in a bit. A push down before up maybe
Insane in the Brain..
  • #745,791
  • May 16, 2023 6:17am May 16, 2023 6:17am
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  • #745,792
  • May 16, 2023 6:37am May 16, 2023 6:37am
Enought of this bull!!
hammer time already?!?!
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The hell this buy signal came after i just sold this?
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  • #745,793
  • May 16, 2023 6:39am May 16, 2023 6:39am
Quoting pipfarm
GU H1 we had what looks like a correction down which is part of H4 structure H4 is moving against D1 so again we assume corrective structure So if the current H1 move up is C or 3 , it should come back to test 2512 which was the break down area from the assumed H1 correction , that could give a nice entry for the long side to target 2575-2585

I am saying 2512 for entry because those that saw that area as a trend and traded will logically place thier stops in that area, so bear in mind a stop order there is a buy order to close your short position so the market may come back to that area for liquidity for the long side, so in no way am i implying stop hunts , it is just the unfortunate part of traders being on the wrong side of the market
Follow The Markets Structure - Patience and Discipline
  • #745,794
  • May 16, 2023 6:40am May 16, 2023 6:40am
You shell not pass 1.25400
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yes yes yes
  • #745,795
  • May 16, 2023 6:44am May 16, 2023 6:44am
im bearish, shorted on supply earlier.

1.24 is a previous daily POC and untested high volume

i'm holding til there.
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  • #745,796
  • May 16, 2023 6:45am May 16, 2023 6:45am
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Mind-numbing delays...
  • #745,797
  • May 16, 2023 6:51am May 16, 2023 6:51am
I just got stopped out with 43 pips on a long trade, i will just wait till1.30pm to look for next ......... i think it will be 1.2515 for long entry its not on I will do it manually
  • #745,798
  • May 16, 2023 6:54am May 16, 2023 6:54am
Quoting Phil_GMT
Looking to buy pullbacks on 5 min chart, targeting 1.2630

plan aborted
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #745,799
  • May 16, 2023 6:57am May 16, 2023 6:57am
Quoting Moty
You shell not pass 1.25400 {image}
In profit
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yes yes yes
  • #745,800
  • May 16, 2023 7:01am May 16, 2023 7:01am
Quoting Moty
{quote} In profit {image}
Im taking out 7 Pips, waiting before 30 minutes again, while i believe it should be down. But our forum belive it up so i stay out

BTW your lot a is to much i think, im short again with smallest lot now thigt stoploss
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