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Cable Update (GBPUSD)

  • #747,781
  • May 26, 2023 3:52am May 26, 2023 3:52am
Quoting GODofMC
{quote} I was seeing GJ drop then directly hit sell on GU then boom {quote} yes my first destination travel is all around indonesia and sure the most Unique country of Japan , then i can think of another country. But it was just a dream for now
GJ at monthly "kink" level.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,782
  • May 26, 2023 3:53am May 26, 2023 3:53am
...stronger than expected retail sales and higher than hoped 'core' inflation may force the Boe Mpc's hand at next meeting re another +0.25% hike? What chance a +0.5% hike? Fine line here between some growth and tipping into recession into Uk. Could be what is behind the lift-up today in this pairing?
Trader with an Edge.
  • #747,783
  • Edited 4:11am May 26, 2023 3:59am | Edited 4:11am
10 point bars 6.25% shift...
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  • #747,784
  • May 26, 2023 4:02am May 26, 2023 4:02am
Quoting maxi444
{quote} Years ago I took the plane 4-5 times a year. I wouldn't get on a plane today even if I had paid to do it.
why
  • #747,785
  • May 26, 2023 4:04am May 26, 2023 4:04am
Quoting GODofMC
{quote} You can visit Aceh{image} As long this long it will be long, im fucked up {image}
Might wanna consider place SL at recent high or exit with small loss.
Exhausted
  • #747,786
  • May 26, 2023 4:13am May 26, 2023 4:13am
Quoting Elysion
{quote} Might wanna consider place SL at recent high or exit with small loss.
for a while it might dropped, as this price back off from my previous buy TP, but may bounce back UP, i'll consider it later before or after LO
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,787
  • May 26, 2023 4:17am May 26, 2023 4:17am
Quoting Pat Chiko
{quote} Hiya... Not in position yet. Inducement phase. Let is sink in a bit to understand , where the trap lies.{image}
GU

Still cooking. Must be a very special dish for Friday night dinner...

Sometimes we can see computer algorithms send small portions of a large order to the market over time. This is test, inducement to let retail traders come in and join the party early.

When the have enough participant, this act allows them to trade against the majority and manipulate the market.
Another advantage of algorithmic trading is that liquidity, which is created through rapid buy and sell orders, can disappear in a moment, eliminating the chance for traders to profit off price changes. Good example , your few pips of missing the target, then price reverse at fast speed. Thus it is either you have small profit or Brwak even,.
It can also lead to instant loss of liquidity.

The most famous form of market manipulation is spoofing.
Spoofing is the act of placing trade orders without the intent of execution in order to influence market prices.
The vast majority of all orders sent to exchanges are cancelled, which makes it difficult to distinguish spoofing from innocent trading activity.

Attached Image (click to enlarge)
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I'll wait, whenever GU is ready.

Take care and trade well,

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,788
  • May 26, 2023 4:17am May 26, 2023 4:17am
Quoting Whale
{quote} why
I think everything has a limit, I've read novels, watched movies or television, traveled, but I'm not interested anymore. Some things stay, some don't, I have to accept that.
  • #747,789
  • May 26, 2023 4:18am May 26, 2023 4:18am
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,790
  • May 26, 2023 4:22am May 26, 2023 4:22am
Quoting ntk
{quote} Although MA is not an exact science, but since price broken above the 50MA of M15, several times it retested and bounced the MA50 to reach higher. Hence I think this minor retracement would stop there, if we see a PIN bar formed from a strong full red candle, the institutional candle, then we could expect a high price level. Otherwise price reverses to lower price level.

Thanks for the info.

I don't know how to use MA.
I don't know how to trade anything below M30.

Most of my scalping set up based on H4 with Price Action analysis and S&R level only.

Thanks again for your input.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,791
  • May 26, 2023 4:25am May 26, 2023 4:25am
Quoting Pat Chiko
{image}
Good advice
Identifying losers equals victory
  • #747,792
  • May 26, 2023 4:25am May 26, 2023 4:25am
For me I see bullish Cable. There is room for progress until ca. 1.25, because there is strong support 1.2313 which was held today and yesterday. There was no breakthrough of these two support lines. But of course the overall last trend is down so it is difficult to trade against the trade as it can occur with higher drawdowns.
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  • #747,793
  • May 26, 2023 4:28am May 26, 2023 4:28am
Quoting Pat Chiko
{quote} GU Still cooking. Must be a very special dish for Friday night dinner... Sometimes we can see computer algorithms send small portions of a large order to the market over time. This is test, inducement to let retail traders come in and join the party early. When the have enough participant, this act allows them to trade against the majority and manipulate the market. Another advantage of algorithmic trading is that liquidity, which is created through rapid buy and sell orders, can disappear in a moment, eliminating the chance for traders...
I'll Hammer it to my head


Failing do get down still in up channel
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,794
  • May 26, 2023 4:32am May 26, 2023 4:32am
...last 2 x 30min prints, a pinbar then an opposing hammer.
-------------------------------------------

3 fib cluster and Dly R1 in that prev 1hr sw hi zone where the current dly hi ran into supply. (only 1 x fib shown on chart below.) Drop to 38.2% of the thurs lo - current dly hi move.

1hr below
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Trader with an Edge.
  • #747,795
  • May 26, 2023 4:37am May 26, 2023 4:37am
Quoting TrAndy1
For me I see bullish Cable. There is room for progress until ca. 1.25, because there is strong support 1.2313 which was held today and yesterday. There was no breakthrough of these two support lines. But of course the overall last trend is down so it is difficult to trade against the trade as it can occur with higher drawdowns. {image}
To add on to your analysis.
I have a bullish divergence in H4 tf at 1.23085
Price did infact bounce from there.


Now the million dollar question is... How far will GU correct upwards? 1.24? 1.25?
Exhausted
  • #747,796
  • May 26, 2023 4:41am May 26, 2023 4:41am
Quoting Whale
{quote} hi , I changed my Tp decent 1:5 {image}
out of long with 18 net pips.

Price can’t translate the momentum to take out resistance
  • #747,797
  • May 26, 2023 4:46am May 26, 2023 4:46am
Quoting Pat Chiko
{quote} Thanks for the info. I don't know how to use MA. I don't know how to trade anything below M30. Most of my scalping set up based on H4 with Price Action analysis and S&R level only. Thanks again for your input.
''
DS 38 ---> DR 38...
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bit nerve wrecking shorting in up trend , when things line up it's worth a Hit bigger lots help ... 15-20 range... enough for today see u nxt week...
  • #747,798
  • May 26, 2023 4:46am May 26, 2023 4:46am
2340 is the floor today in NY session.

One can short until then.

From 2340 to 2420 or more for NY session
Intraday only.
  • #747,799
  • May 26, 2023 4:53am May 26, 2023 4:53am
Quoting Whale
{quote} out of long with 18 net pips. Price can’t translate the momentum to take out resistance
I'll hold till next hourly candle.
Price currently failed to make a new high but my system is still in bullish zones.
Exhausted
  • #747,800
  • May 26, 2023 4:58am May 26, 2023 4:58am
Quoting hoda
{image}
Insane in the Brain..
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