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Cable Update (GBPUSD)

  • #746,121
  • May 17, 2023 12:14pm May 17, 2023 12:14pm
I still don't understand why GU is buying...
  • #746,122
  • May 17, 2023 12:15pm May 17, 2023 12:15pm
Hunting for long entry in this beautiful falling wedge on EU. It should yield some juicy pips. I am debating whether to enter now or wait for that dip towards the lower trendling before pulling the trigger. If it rises, all things being equal GU may fly hard.
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  • #746,123
  • Edited 12:52pm May 17, 2023 12:18pm | Edited 12:52pm
Short Gu @ 1.2503 with no particular target in mind.

Tentative stop just above 2535 levels but will exit if DXY breaks back below 102.75 support
  • #746,124
  • May 17, 2023 12:21pm May 17, 2023 12:21pm
Quoting Mitiblotch
Hunting for long entry in this beautiful falling wedge on EU. It should yield some juicy pips. I am debating whether to enter now or wait for that dip towards the lower trendling before pulling the trigger. If it rises, all things being equal GU may fly hard. {image}
Im already in, will be targeting minimum 1.11
People don't plan to lose. They lose because they don't plan.
  • #746,125
  • May 17, 2023 12:35pm May 17, 2023 12:35pm
Quoting Fardeen1209
{quote} 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
Weekly S/R level. Now let's follow this and implement some trading rules.. S/r trades follow the BRT rule. Breakout, Retest, Trade. So if we just broke out that would signal a retest is in the works. Being on the weekly that retest may take up to 5 days. A nice dual news day should take care of things. News in the morning for the retest, and more in the afternoon to continue the trend. Only day I see that happening is next wed. This is purely speculation on my part, and a game I like to play. Waiting on wave recognition, and price action to either deny or confirm the theory.
Don't compare your trades to others. Most often the masses are the asses
  • #746,126
  • May 17, 2023 12:36pm May 17, 2023 12:36pm
Quoting kenny4real
I still don't understand why GU is buying...
Thats a good start...no one does ...
  • #746,127
  • May 17, 2023 12:38pm May 17, 2023 12:38pm
we are going to see.
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be a thinker before being a reacter
  • #746,128
  • May 17, 2023 12:39pm May 17, 2023 12:39pm
Quoting kenny4real
I still don't understand why GU is buying...

Funny thing about Forex, for every seller there is a buyer.
  • #746,129
  • May 17, 2023 12:42pm May 17, 2023 12:42pm
Quoting Waveskierrob
{quote} Thats a good start...no one does ...
most currencies are weighted pretty heavily to the dollar so any little ripple on the dollar makes waves on some of the other currencies especially the euro and the pound. also gold.
be a thinker before being a reacter
  • #746,130
  • May 17, 2023 12:43pm May 17, 2023 12:43pm
Quoting kenny4real
I still don't understand why GU is buying...
We don't either.
I'm shorting GJ now however.
Exhausted
  • #746,131
  • May 17, 2023 1:08pm May 17, 2023 1:08pm
As long as we stay over 125 tomorrow could show us a 12530 area.
Insane in the Brain..
  • #746,132
  • May 17, 2023 1:12pm May 17, 2023 1:12pm
Quoting dantpm
{quote} Funny thing about Forex, for every seller there is a buyer.
Exactly!
You have an IQ lower than 90 if you interact with this user.
  • #746,133
  • Edited 1:28pm May 17, 2023 1:16pm | Edited 1:28pm
Quoting ScalaFX
{quote} Im already in, will be targeting minimum 1.11
Some financial institutions are already predicting 1.20 on EU to end the year. A particular group says flash crash below 1.05 will be temporary if it happens.
  • #746,134
  • May 17, 2023 1:18pm May 17, 2023 1:18pm
Shorting, my sls with profit for the previous lomg.
Seems to have come in a massive swarm of sellers, gu seems to be on a sale right now!
You have an IQ lower than 90 if you interact with this user.
  • #746,135
  • May 17, 2023 1:24pm May 17, 2023 1:24pm
Quoting Ferna
Shorting, my sls with profit for the previous lomg. Seems to have come in a massive swarm of sellers, gu seems to be on a sale right now!
the market is panicking.
You have an IQ lower than 90 if you interact with this user.
  • #746,136
  • May 17, 2023 1:27pm May 17, 2023 1:27pm
Quoting Ferna
Shorting, my sls with profit for the previous lomg. Seems to have come in a massive swarm of sellers, gu seems to be on a sale right now!

Not much movements in GJ yet.
Yen weakness is holding it i guess.
Exhausted
  • #746,137
  • May 17, 2023 1:33pm May 17, 2023 1:33pm
Quoting Elysion
{quote} Not much movements in GJ yet. Yen weakness is holding it i guess.
i think you have a good plan actually. The only question is if you have time for it?
It might be 5-6 hours.
You have an IQ lower than 90 if you interact with this user.
  • #746,138
  • May 17, 2023 1:49pm May 17, 2023 1:49pm
Im looking for another wave up..
GU is well behave
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  • #746,139
  • May 17, 2023 2:49pm May 17, 2023 2:49pm
Quoting Pat Chiko
{quote} GU Add scalp LONG {image}
Quoting Whale
Im looking for another wave up.. GU is well behave {image}
If that case, I copy you...

GU

add position


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,140
  • May 17, 2023 2:54pm May 17, 2023 2:54pm
Same falling wedge setup in GU. I improvised and used the fib retracement line as the upper trendline so don't mind it not touching the correct points. EU has the same falling wedge pattern as I shared previously. Patiently wait for a touch down tomorrow and pull the trigger to buy for 100 pips at least.
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