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Cable Update (GBPUSD)

  • #746,101
  • May 17, 2023 11:41am May 17, 2023 11:41am
Long 2492. Will add win any dips. We are back above the monthly pivot of 2475.
  • #746,102
  • May 17, 2023 11:43am May 17, 2023 11:43am
Don’t get too excited for continuing longs. Remember that there are limit orders priced in so the market is going to go to those large limits orders. And the currency markets are bigger than gbpusd. The market is constantly cycling price and filling orders on other pairs to gather the proper liquidity to make the market move. Gbpusd is down so in my mind the current price action is just a pullback for liquidity. Like a pump and dump on gbp. GBP pulls liquidity from the other currencies and flows into the usd. Idk I’m at work and I’m bored. It’s just a thought.
edit: I’m still learning. These are just my thoughts and I can only have an opinion. I know no facts about the market
be a thinker before being a reacter
  • #746,103
  • May 17, 2023 11:45am May 17, 2023 11:45am
Quoting BrainBucks
490 Who's selling from here too?
I think it is close to the time for it to turn down. Might be a bit early.
  • #746,104
  • May 17, 2023 11:47am May 17, 2023 11:47am
Quoting BrainBucks
490 Who's selling from here too?
Sell high 5s to low sixes for swing imo... daily FVG at 12579.5 if it gets that high, if it does look for entry in that area and manage risk
  • #746,105
  • May 17, 2023 11:50am May 17, 2023 11:50am
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  • #746,106
  • May 17, 2023 11:54am May 17, 2023 11:54am
Quoting Mitiblotch
Long 2492. Will add win any dips. We are back above the monthly pivot of 2475.
Out at 2506. +14. That was a quick scalp. Tomorrow my sell button will most likely be switched off.
  • #746,107
  • May 17, 2023 11:55am May 17, 2023 11:55am
Quoting dantpm
{quote} I think it is close to the time for it to turn down. Might be a bit early.
US dollar just broke a weekly Support/resistance level which is also a Daily Significant Support Resistance but still the broken near term resistance might act as a good support
More time in the market, does not mean you trade better!
  • #746,108
  • May 17, 2023 11:56am May 17, 2023 11:56am
Quoting Fardeen1209
{quote} I'm not saying that, it is you who put meaning to it. For me it is just another rocket with round head, instead of a pointy one like from the movie The Dictator.
https://starlust.org/how-much-does-i...o-go-to-space/
rip and tear until it's done
  • #746,109
  • May 17, 2023 11:57am May 17, 2023 11:57am
Quoting montygoldy
{quote} Longs survived the onslaught.... maybe now it should go for the new high of the day... 1.25 is the tp for me....
updated my tp to 1.25250......
Extreme gut feeling trader
  • #746,110
  • May 17, 2023 11:57am May 17, 2023 11:57am
Quoting Wavegarrick
{quote} The MM's (Market Makers) are very deceptive and can run circles around any trader. What they cannot do is beat time. Time is so important and the more traders realize it, the better. I myself am guilty of this and patience often is a miscalculation on my part, For now I cannot see any break of 1.24500, on the contrary I see higher highs and higher lows. Cheers. {image}
This has fresh legs to go in my opinion with a possible cyclic move. 1.25500 is important for bulls.
Cheers.
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Trade to trade another day
  • #746,111
  • May 17, 2023 11:57am May 17, 2023 11:57am
Sold 1.2505... target 1.2360... stop 1.2565... I'm leaving to hit either TP or SL...
Data + Stat + Risk/Emotions Management
  • #746,112
  • May 17, 2023 12:01pm May 17, 2023 12:01pm
Quoting sisucoro
{quote} https://starlust.org/how-much-does-i...o-go-to-space/
Thanks bro, great insight, i usually don't read news about space stuff, but this is a good summary of everything happening in the world of perfection where errors are not permissible
More time in the market, does not mean you trade better!
  • #746,113
  • May 17, 2023 12:02pm May 17, 2023 12:02pm
Short in 1.2505...SL 1.2550..will add every -15pips
h4 barrier is too strong
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  • #746,114
  • May 17, 2023 12:05pm May 17, 2023 12:05pm
Im out, still to much to learn, thought got profit today, but only few pips per trade. If this still going on, may someday wiped my account in an hour like i had done before
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,115
  • May 17, 2023 12:07pm May 17, 2023 12:07pm
Alright closed longs … remembered triple swaps …
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Extreme gut feeling trader
  • #746,116
  • May 17, 2023 12:07pm May 17, 2023 12:07pm
Quoting ScalaFX
{quote} All firsts closed, partial closed from all, last 2430 and 2440 protected
Closed all 2507, nice
People don't plan to lose. They lose because they don't plan.
  • #746,117
  • May 17, 2023 12:07pm May 17, 2023 12:07pm
Quoting voeltoez
Short in 1.2505...SL 1.2550..will add every -15pips h4 barrier is too strong {image}

It has turned down several times around the 25350 area and you have Pat's kink just above that.
  • #746,118
  • May 17, 2023 12:08pm May 17, 2023 12:08pm
Hoping to see some bull action on gold tomorrow
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Extreme gut feeling trader
  • #746,119
  • May 17, 2023 12:08pm May 17, 2023 12:08pm
Quoting BrainBucks
490 Who's selling from here too?
BrainBucks, termination of correction usually happens around wave 4 of a lesser degree. In the case below @ 1.2550 but we can trade smaller swings on lower TF.
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Always trade your own plan...I don't provide trading signals.
  • #746,120
  • May 17, 2023 12:09pm May 17, 2023 12:09pm
keeping longs open, my midpoint is 1.2505; my sl at 1.250000
my tp at 1.215. For a risk reward ratio of 1:2
You have an IQ lower than 90 if you interact with this user.
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