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Cable Update (GBPUSD)

  • #747,501
  • May 25, 2023 3:25am May 25, 2023 3:25am
Quoting mysterio
Folks, please watch 1.2365-70 closely all of yesterdays volume is there if this breaks, then bulls are good for the day, but we could see some reaction there
I think it is likely to turn back from that area. Whether it goes down as a mere pullback or as a return down to the D1 to new lows can only be determined after-the-fact.
To free Gazans of Hamas, use whatever it takes.
  • #747,502
  • May 25, 2023 3:26am May 25, 2023 3:26am
Quoting Moty
I had a feeling the mf will go to close that gap {image}
Got better than that, hold your horses mate, either ready to cut lose or pray for plusses.
me still waiting clearer direction
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10000% Wannabe . -$3000 & -$4000
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  • #747,503
  • May 25, 2023 3:26am May 25, 2023 3:26am
Anybody earned money today already? Crappy market again today, yesterday was nice. Someone said it feels a bit like everybody is on holiday (was EUR/USD). Really slow market. Easy for trend trader.
  • #747,504
  • May 25, 2023 3:27am May 25, 2023 3:27am
Quoting Yngwie
1.2370 last stand for bears
As I keep repeating, remarks like that are TF dependent. Go check the Weekly chart and see if you still hold that veiw on the weekly TF.
To free Gazans of Hamas, use whatever it takes.
  • #747,505
  • May 25, 2023 3:28am May 25, 2023 3:28am
Quoting DrDave
{quote} I OFTEN have a risk:reward of 10:1. Most of the time it is even higher than that, because my SL is really just an emergency stop. If the move goes too far against me, I just open a new trade to hedge at least part of the first position, so make money "coming and going".
Ok thank for sharing, i used to hedge either not so long ago.
i managed to accounts, one with hedge and the other with SL.
The results on the "SL account" were much better for me.
There is a lot of psychological issues around hedging that i prefer not to handle with.
but it is individual
  • #747,506
  • May 25, 2023 3:33am May 25, 2023 3:33am
Quoting JackintheBox
Anybody earned money today already? Crappy market again today, yesterday was nice. Someone said it feels a bit like everybody is on holiday (was EUR/USD). Really slow market. Easy for trend trader.
Yes, of course plenty of us have closed trades in profit today.
To free Gazans of Hamas, use whatever it takes.
  • #747,507
  • May 25, 2023 3:35am May 25, 2023 3:35am
Quoting DrDave
{quote} Yes, of course plenty of us have closed trades in profit today.
Yeah, you are trend traders, it's easy today till now, one nice swing up and down. Yesterday was crap for you. For me it is too slow. Very boring. But that's part of the game. cheers.
  • #747,508
  • May 25, 2023 3:57am May 25, 2023 3:57am
Grabbed some. I don't dare to go long now, don't like to get roller coaster down again. Market looks ugly and bored. I stay away, let's see in one hour if it gets better.
  • #747,509
  • May 25, 2023 4:01am May 25, 2023 4:01am
Quoting JackintheBox
{quote} Yeah, you are trend traders, it's easy today till now, one nice swing up and down. Yesterday was crap for you. For me it is too slow. Very boring. But that's part of the game. cheers.
Oh, OK. Here is a look at yesterday's "crap" for me.
You can see 3 of 5 hit TP and the other 2 manually closed because they were "stuck" for a long time at a level away from the TP.
Easy to see why my honey pot filled with piss and crap looks like a pot of gold compared to your best efforts.

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To free Gazans of Hamas, use whatever it takes.
  • #747,510
  • May 25, 2023 4:06am May 25, 2023 4:06am
GU LONG 20pips SL
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  • #747,511
  • May 25, 2023 4:13am May 25, 2023 4:13am
Quoting LitEU
GU LONG 20pips SL {image}
I think it is more likely to have a retracement now (for maybe even more than 20 pips) before H4 continues up.
To free Gazans of Hamas, use whatever it takes.
  • #747,512
  • May 25, 2023 4:13am May 25, 2023 4:13am
Quoting DrDave
{quote} Oh, OK. Here is a look at yesterday's "crap" for me. You can see 3 of 5 hit TP and the other 2 manually closed because they were "stuck" for a long time at a level away from the TP. Easy to see why my honey pot filled with piss and crap looks like a pot of gold compared to your best efforts. {image}
Nothing personally. It's just annoying me if market goes like that today. Opposite is to trade stocks on NYSE open. But this is again too stressy, lol.
  • #747,513
  • May 25, 2023 4:17am May 25, 2023 4:17am
Short at 1.23778, TP 8 pips. cheers
  • #747,514
  • May 25, 2023 4:21am May 25, 2023 4:21am
Quoting JackintheBox
{quote} Nothing personally. It's just annoying me if market goes like that today. Opposite is to trade stocks on NYSE open. But this is again too stressy, lol.
What stress??? It is simple and low-stress to just look at 4 colored lines that change color as direction changes and see where the retracement is, then enter the return.
post#744,880
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To free Gazans of Hamas, use whatever it takes.
  • #747,515
  • May 25, 2023 4:23am May 25, 2023 4:23am
Quoting DrDave
{quote} I think it is more likely to have a retracement now (for maybe even more than 20 pips) before H4 continues up.
Finger crossed the bulls are able to clear the 1hr gap before any retracement
  • #747,516
  • May 25, 2023 4:24am May 25, 2023 4:24am
You shell not pass 104:mf
Please
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yes yes yes
  • #747,517
  • May 25, 2023 4:25am May 25, 2023 4:25am
Closed, 1.23705 manualy. ~7 pips in 4 minutes. Finally. Thanks for sharing Dr.Dave. Unfortunately less retrace today.
  • #747,518
  • May 25, 2023 4:30am May 25, 2023 4:30am
Quoting LitEU
{quote} Finger crossed the bulls are able to clear the 1hr gap before any retracement
My charts have a common swing high at 1.2380 from H1 all the way down to M1. So this suggests more likely to retrace from there, and M5 already went down.
To free Gazans of Hamas, use whatever it takes.
  • #747,519
  • May 25, 2023 4:31am May 25, 2023 4:31am
Come on
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yes yes yes
  • #747,520
  • May 25, 2023 4:32am May 25, 2023 4:32am
Quoting Moty
Come on {image}
Good to see you still holding

Hope it retests on news but it could be a slingshot up today
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