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Cable Update (GBPUSD)

  • #745,921
  • May 16, 2023 2:25pm May 16, 2023 2:25pm
Quoting BeeTogether
2 chains of thought for me, we haven’t tested above 12550 so that area is still possible tomorrow likewise below 12440. UK data wasn’t great so we saw the fall but it managed to recover. Whereas the US data wasn’t great either but no spike up. Maybe that’s for tomorrow?
UD data was good just below expectation i think
10000% Wannabe . -$3000 & -$4000
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  • #745,922
  • May 16, 2023 2:27pm May 16, 2023 2:27pm
Haven't looked at the charts much at all lately, but the weekly often provides clarity.
Very bearish PA off resistance/TL which I expect to push down further.
Some support below which is likely to provide a significant response from the bulls.
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Compulsions can be hard to resist
  • #745,923
  • May 16, 2023 2:29pm May 16, 2023 2:29pm
Quoting Pat Chiko
{quote} GU Decision time.... LONG or SHORT ?{image}
Decision time.
What was the REASON to decide to go long? What the marked did? Any particular action? (PA?)
  • #745,924
  • May 16, 2023 2:58pm May 16, 2023 2:58pm
I am liking the setup. Short again 2480. TP 2440.
  • #745,925
  • May 16, 2023 3:16pm May 16, 2023 3:16pm
Quoting BeeTogether
2 chains of thought for me, we haven’t tested above 12550 so that area is still possible tomorrow likewise below 12440. UK data wasn’t great so we saw the fall but it managed to recover. Whereas the US data wasn’t great either but no spike up. Maybe that’s for tomorrow?
UK data was a pretty big jump in unemployment so no reason to raise rates.
US data was lower than expected retail sales increases so again no reason to raise rates, both suggesting to maintain the staus quo. The market did just that, nothing or up and down 400 pts.
  • #745,926
  • May 16, 2023 3:25pm May 16, 2023 3:25pm
Couple of dead beat long trades .. targetting 10 pips .. tp set 1.25 … hoping to see some retracement in asian session
Extreme gut feeling trader
  • #745,927
  • May 16, 2023 3:52pm May 16, 2023 3:52pm
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​​​​​​
Re-Accumulation.
Just wait for confirmation.
We cut the winners short and let the losers run.
  • #745,928
  • May 16, 2023 4:00pm May 16, 2023 4:00pm
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To show you possible short entries on LTF
We cut the winners short and let the losers run.
  • #745,929
  • May 16, 2023 5:07pm May 16, 2023 5:07pm
Quoting Coreg2004
{quote} {quote} Sure, GU just needs to demolish a few zones on the way down and we are there......Still possible. {image}
Even today, there will be no possible downward movement at once. It is important to just have a wait, patience does not immediately come.
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  • #745,930
  • Edited 7:55pm May 16, 2023 7:03pm | Edited 7:55pm
Quoting bolivarfx
{quote} Even today, there will be no possible downward movement at once. It is important to just have a wait, patience does not immediately come. {image}
i like the opportunities on 1 min chart they present themselves often
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has you can see
people leave, but this thread will go on for ever
  • #745,931
  • May 16, 2023 8:13pm May 16, 2023 8:13pm
Quoting OBsayMkMoney
{quote} How are you taking these trades? Are you entering market orders as it slides down?
its whole day trade sir
  • #745,932
  • May 16, 2023 8:42pm May 16, 2023 8:42pm
Quoting boodvah
from earlier this morning.{image}
still loading...
be a thinker before being a reacter
  • #745,933
  • May 16, 2023 9:39pm May 16, 2023 9:39pm
Quick question, can we use ATR to determine where stop hunts going to take place?
More time in the market, does not mean you trade better!
  • #745,934
  • May 16, 2023 10:01pm May 16, 2023 10:01pm
Quoting Bogdanoff
{quote} Buy limit activated {image} Trade safe and gudluck
close BE
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Trade safe guys
my loss is your gain
  • #745,935
  • May 16, 2023 10:19pm May 16, 2023 10:19pm
Scalp long
levels on chart
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  • #745,936
  • May 16, 2023 11:08pm May 16, 2023 11:08pm
Quoting Whale
Scalp long levels on chart {image}
stopped out easily
will wait for the real short setup.
  • #745,937
  • May 16, 2023 11:12pm May 16, 2023 11:12pm
Quoting Pat Chiko
{quote} GU End of scalping all SHORT Position Add LONG Scalping position. Gimme rocket please{image}
GU

Closed all position at loss
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Taking a step back for a moment and think about what price is doing right now.

There's some kind of an intermediate term shift in the marketplace traditionally, but when we have these types of conditions like this, it makes it harder for that to be delivered and that would be a stop out so I’d have to be content with whatever partial am taking now (at Loss).

Wish could do more with what we have here but the Market's going to give us what the Market's going to give us….. Right ?
We're just getting lucky in this sloppy chop mess, getting out with some clean trades.

The best entry points the highest probability and how the market will give best N3, with respect those levels more so than others.
The highest degree of probability for delivery is from your entry to your targets and you don't want to chase the move and build in more position.

Protect yourself, protect capital. Come in again when everything is clearer.
Uncertainty creates fear and somehow, we as humans encapsulate that one transaction that one idea that in many ways is insignificant.

Trade Safe & Stay Green.

PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,938
  • May 16, 2023 11:14pm May 16, 2023 11:14pm
here we go..1.24
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  • #745,939
  • Edited 11:52pm May 16, 2023 11:38pm | Edited 11:52pm
Im going long.
No specific reasons backing it but I just felt like going long accordingly to my system
Exhausted
  • #745,940
  • May 16, 2023 11:43pm May 16, 2023 11:43pm
Today is a long's day
Today i I saw price opens and get support from the daily pivot at the gj
So i took long to the daily r1
Now i took long at gu too
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yes yes yes
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