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Cable Update (GBPUSD)

  • #747,381
  • May 24, 2023 11:16am May 24, 2023 11:16am
Quoting Moty
Boring

Moty underwater
There's still hope because the FOMC wasn't hawkish tone.
Exhausted
  • #747,382
  • May 24, 2023 11:16am May 24, 2023 11:16am
Quoting OBsayMkMoney
{quote} OMG... Laughing my ass off at this one. It is SOOOOOOO accurate. This is why I moved over to Elliot waves. By the time I would get in half of the move would be over already.
I removed the post right time along with your comment, it seems the material is hard to understand, but you got the point, congrut!
https://breakpullback.com
  • #747,383
  • Edited 11:28am May 24, 2023 11:17am | Edited 11:28am
https://aryatrader.com/
Has any one tried this ?
  • #747,384
  • May 24, 2023 11:20am May 24, 2023 11:20am
There appears to be a bit of a setup at 1.23790 for a liquidity sweep and move down or a surge higher with multiple tops in both the 5 min and 15 min intervals.
  • #747,385
  • May 24, 2023 11:23am May 24, 2023 11:23am
Quoting Elysion
{quote} Moty underwater There's still hope because the FOMC wasn't hawkish tone.
As Long this red small TL not breached, i think i can go UP
if that break the last land will be 1.2330-50, i think they said it will bounce before going down again
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10000% Wannabe . -$3000 & -$4000
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  • #747,386
  • May 24, 2023 11:24am May 24, 2023 11:24am
Quoting Elysion
I'm shifting SL to BE. If fomc spikes hopefully my SL gets honored and not straight down the pit
Thanks.
I copy your trades....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,387
  • May 24, 2023 11:30am May 24, 2023 11:30am
Quoting Wavegarrick
{quote} Can we see a weekly close above 1.25000?. I have closed some of my weaker trade for minus 49 pips today with some trades locked at b/even and some. Nevertheless all is not lost for Bulls yet. A weekly close below my blue line at 1.23911 ish is the edge of the cliff and a break below will have me consider medium term shorts. Have a great weekend, Cheers. {image}
Had to refer back to a prior post. 1.23911 has been important and by the looks of it we might see the first daily close below it. Certainly concerning for bulls. There should be a pull back for bulls and I am leaning towards 1.24000 ish. It is what it is and I could look at opening shorts with a target towards 1.22500 or 1.20000 ish. Nothing cast in stone and will have to see how tomorrow unfolds.
Cheers.
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Trade to trade another day
  • #747,388
  • May 24, 2023 11:35am May 24, 2023 11:35am
Quoting GODofMC
{quote} As Long this red small TL not breached, i think i can go UP if that break the last land will be 1.2330-50, i think they said it will bounce before going down again {image}
GODofMC, keep in mind that is a bearish flag but might be OK C-T trade.
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Click to Enlarge Name: GU 05.24 5M.png Size: 34 KB
Always trade your own plan...I don't provide trading signals.
  • #747,389
  • Edited 11:55am May 24, 2023 11:42am | Edited 11:55am
Quoting Coreg2004
{quote} GODofMC, keep in mind that is a bearish flag but might be OK C-T trade. {image}
Yes it bearish now, but i mean there be a bounce, a small bounce where we can cut loss at better place,
If we look into the daily chart starting this down trend the only one place that didnt bounce was at 11 May 2023 after that it still bounce, of course MM must sufficient.
This 1 and half week i always opened a wrong trade(first position always in red), but i reserves 100 pips floating then start adding more, until 50 pips floating till MC, sometimes only left with 10-20 pips till MC, yesterday i need to deposit more(witdrawed $250 and then added $200 back) because of lack of control to maintain my position (Pip Resilient or whatever they called)
so MM play big role
furthermore, Both USD and GBP still economic worse
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10000% Wannabe . -$3000 & -$4000
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  • #747,390
  • May 24, 2023 11:48am May 24, 2023 11:48am
if one goes theoretical and logic: is this a strong or weak ranging level?

i mean if there were more buyers than sellers here, we would see massive buying and spike on the chart and price would move away from this level.
Yet we haven’t seen that, this level been at it for about 5 hours. Which means this must be a weak level, supply=demand.
Well there will always be sellers at any level, but will there be buy orders forever? - i think not.

Now price broke through this level, but if it is a half-hearted move, what if price comes back? Will it break through the level easier or harder?
btw i am aware of the algos and AI compensations. Just for discussions sake.
You have an IQ lower than 90 if you interact with this user.
  • #747,391
  • May 24, 2023 11:54am May 24, 2023 11:54am
Quoting GODofMC
{quote} Yes it bearish now, but i mean there be a bounce, a small bounce where we can cut loss at better place, If we look into the daily chart starting this down trend the only one place that didnt bounce was at 11 May 2023 after that it still bounce {image}
GODofMC, the daily TF is a different animal, I'm bearish on GU since May 11. The 5M TF is where to look for intraday bounce and trade C-T if you wish.
Quoting Coreg2004
{quote} After 4 days of waiting finally something promising that wave 5 is in place. Stay tuned. {image}
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #747,392
  • May 24, 2023 12:05pm May 24, 2023 12:05pm
Quoting Coreg2004
{quote} GODofMC, the daily TF is a different animal, I'm bearish on GU since May 11. The 5M TF is where to look for intraday bounce and trade C-T if you wish. {quote} {image}
i'll keep that in mind. maybe you're right and if i remember correctly my winning doesnt last long because i always wait for the bounce, daily range of GU usually 100-120 pips, but sometimes exceed 150 even after adding deposit i still lose.
By the way its now break the TL that i draw, my bounce now are invalid
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,393
  • May 24, 2023 12:08pm May 24, 2023 12:08pm
Who are the powerfull people bidding usd up??? what soccerery is this??
  • #747,394
  • May 24, 2023 12:08pm May 24, 2023 12:08pm
It will have to wait for tomorrow
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yes yes yes
  • #747,395
  • May 24, 2023 12:16pm May 24, 2023 12:16pm
Quoting busifx
Who are the powerfull people bidding usd up??? what soccerery is this??
Ellen J Biden
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,396
  • May 24, 2023 12:21pm May 24, 2023 12:21pm
Quoting GODofMC
{quote} i'll keep that in mind. maybe you're right and if i remember correctly my winning doesnt last long because i always wait for the bounce, daily range of GU usually 100-120 pips, but sometimes exceed 150 even after adding deposit i still lose. By the way its now break the TL that i draw, my bounce now are invalid
Idk but it bounces off 1.2357 again.
At least for today this shouldn't be breached.

Wait, I'm supposed to be sleeping
Dang I cant sleep.
Exhausted
  • #747,397
  • May 24, 2023 12:23pm May 24, 2023 12:23pm
Quoting busifx
Who are the powerfull people bidding usd up??? what soccerery is this??
You have an IQ lower than 90 if you interact with this user.
  • #747,398
  • May 24, 2023 12:48pm May 24, 2023 12:48pm
Quoting Pat Chiko
If you are given an option not to trade now. What would you do ?. a) sleep b) eat c) Tik Tok d) watch Movie e) Smoke Joint ( this one I like) f) Go for massage g) Have Sex.. (exception for old people or GrandPa)
A
  • #747,399
  • May 24, 2023 12:50pm May 24, 2023 12:50pm
come on big guys remove those limit orders, let us see the people below
You have an IQ lower than 90 if you interact with this user.
  • #747,400
  • May 24, 2023 12:57pm May 24, 2023 12:57pm
Quoting GODofMC
{quote} From data we're the poorest province in Sumatera, and number Six the poorest Province in Indonesia. And my place, number 2 poorest regency at Aceh one of the best "Ganja" Weed regency
Interesting correlation, no? Best weed, poorest economy.
To free Gazans of Hamas, use whatever it takes.
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