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Cable Update (GBPUSD)

  • #746,761
  • May 22, 2023 9:14am May 22, 2023 9:14am
wick it capillary action re action ...
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  • #746,762
  • May 22, 2023 9:14am May 22, 2023 9:14am
Quoting surgeon
{quote} Bears Trap you meant to say Moty?
Men, you have MC
People don't plan to lose. They lose because they don't plan.
  • #746,763
  • May 22, 2023 9:16am May 22, 2023 9:16am
Quoting TraderAlbi
{quote} Short too. For some few pips, not expecting big waves today.
Closed +
  • #746,764
  • May 22, 2023 9:23am May 22, 2023 9:23am
Quoting ScalaFX
{quote} Men, you have MC
Say What? MC in this context is abbreviation for... ?
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 193.3%
  • #746,765
  • May 22, 2023 9:24am May 22, 2023 9:24am
Every time since Friday it got to about 1.246 I've been thinking that it's going to take out some highs
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  • #746,766
  • May 22, 2023 9:25am May 22, 2023 9:25am
Quoting Moty
Crooky bulls trap {image}
Wow...I was thinking you would take some profits, I'm surprised you're still holding on.
I believed in the buy too but mehn I took profits first .
Let's see how it goes, I expected it to go farther than that too...
  • #746,767
  • May 22, 2023 9:26am May 22, 2023 9:26am
Quoting MrFanciful
Every time since Friday it got to about 1.246 I've been thinking that it's going to take out some highs {image}
It must be a strong resistance
  • #746,768
  • May 22, 2023 9:27am May 22, 2023 9:27am
Quoting Fardeen1209
{quote} By thoery yes, but as for CPI data, ig majority of focus is on y/y hence retails money follows the y/y basis unlike gdp which follows q/q. An economist will consider everything about the data, but trader's focus should be on only what the money might follow. Just my opinion and this varies differently from data to data and economy we are focuing on.
You're 100% right. At the end of the day, what matters most is the data traders are following. That's a point I always emphasize that seems to get lost with academic economists.
  • #746,769
  • May 22, 2023 9:30am May 22, 2023 9:30am
DXY has just taken out two relative equal highs and looks like it could be reacting to the 1HR order block
  • #746,770
  • May 22, 2023 9:34am May 22, 2023 9:34am
Quoting surgeon
{quote} Say What? MC in this context is abbreviation for... ?
close to margin call
People don't plan to lose. They lose because they don't plan.
  • #746,771
  • May 22, 2023 9:43am May 22, 2023 9:43am
This week's pivot is 2475. Without closes above it bears will have it. @Ferna you see why I book on spikes?
  • #746,772
  • May 22, 2023 9:46am May 22, 2023 9:46am
https://www.livecharts.co.uk/Members...rex_pivots.php
cam lvls 50 down 50 up 50 down wtf if it helps...
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  • #746,773
  • May 22, 2023 9:55am May 22, 2023 9:55am
bulls need to stop dreaming

this is crashing to 1.23500 at least
  • #746,774
  • May 22, 2023 9:56am May 22, 2023 9:56am
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yes yes yes
  • #746,775
  • May 22, 2023 9:56am May 22, 2023 9:56am
Quoting shay14
bulls need to stop dreaming this is crashing to 1.23500 at least
  • #746,776
  • May 22, 2023 9:56am May 22, 2023 9:56am
Quoting Bones
{quote} 2% is a big move, and I haven't seen any reason other than the BoE projection. {image}
I think base effects are a big factor in this month's CPI considering how much the raw index jumped last April.

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  • #746,777
  • Edited 10:30am May 22, 2023 9:56am | Edited 10:30am
Quoting Moty
Crooky bulls trap {image}
5 minutes about to close H1,
May see close above 20-25 not below to make a an UP(small up / retrace)
below that, im not sure about bull

Updated
Here inverted hammer moty
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10000% Wannabe . -$3000 & -$4000
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  • #746,778
  • May 22, 2023 10:00am May 22, 2023 10:00am
Guys, look at the monthly/weekly timeframe, GBPUSD might be going down and for quite a while too. Bulls are only stalling the move.
  • #746,779
  • May 22, 2023 10:11am May 22, 2023 10:11am
Quoting ScalaFX
{quote} shit, added 2465
partial close and SL moved to positive
People don't plan to lose. They lose because they don't plan.
  • #746,780
  • May 22, 2023 10:12am May 22, 2023 10:12am
Im trying long here
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