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Cable Update (GBPUSD)

  • #747,841
  • May 26, 2023 7:07am May 26, 2023 7:07am
Quoting Elysion
{quote} Re read brother.

sorry i skip the less..



my bad
MY OPINION NOT FINANCIAL ADVISE
  • #747,842
  • May 26, 2023 7:07am May 26, 2023 7:07am
Quoting pipfarm
GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily So would prefer to short if i get an entry signal. If the 4H swing trend is ending we may see it go up.

Great short trade opportunity as posted yesterday.

Today so far the best opportunities were H1/H15 longs which i do not trade because it means scalping for 15-20 pips and i prefer the bigger trades.

Currently H4 is in what currently looks like a corrective phase moving against D1/W1 which is moving down so maybe later a short from H4 assumed corrective up swing back into the down trend.
Follow The Markets Structure - Patience and Discipline
  • #747,843
  • May 26, 2023 7:08am May 26, 2023 7:08am
Friday moves! Up now big chance that 123 will breach especially if data is good. 125-126 is a level away current battleground is 12250-12430
Insane in the Brain..
  • #747,844
  • May 26, 2023 7:11am May 26, 2023 7:11am
Quoting donfriday
{quote} yes if you are good at trading ... day trading for a novice like me is not funny.
if you know what you're doing so it dosent matter.

day or swing totally different skills.
  • #747,845
  • May 26, 2023 7:11am May 26, 2023 7:11am
1.2343 - 1.2363 is support.
  • #747,846
  • May 26, 2023 7:12am May 26, 2023 7:12am
Quoting BeeTogether
Friday moves! Up now big chance that 123 will breach especially if data is good. 125-126 is a level away current battleground is 12250-12430
Im gonna refrain myself from trading news today.
Dont wanna lose my profits to the market of uncertainty because both upside and downside is open opportunities right now.
Price might even make a spike down as a retracement of today's bullish move before continue upwards.
Exhausted
  • #747,847
  • May 26, 2023 7:24am May 26, 2023 7:24am
Today the GBP USD pair reaches 1,24200
  • #747,848
  • May 26, 2023 7:27am May 26, 2023 7:27am
Quoting Elysion
{quote} Im gonna refrain myself from trading news today. Dont wanna lose my profits to the market of uncertainty because both upside and downside is open opportunities right now. Price might even make a spike down as a retracement of today's bullish move before continue upwards.
Yeah, don t trade never the spike
  • #747,849
  • May 26, 2023 7:33am May 26, 2023 7:33am
Lol, I was eating dinner and forgot to close.
Well, lady luck went in my way.
Close all shorts.
Should be looking for long now.

The fvg was closed at 1.2368
Plus it's a break and retest seemingly. Since just now didnt had a retest of that particular Resistance.

Edit: Included a screenshot.
Up? Or lower to 1.234 first?
Attached Image (click to enlarge)
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Exhausted
  • #747,850
  • May 26, 2023 7:37am May 26, 2023 7:37am
Quoting mohrali
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-05-26_16-06-32_71435.jpg Size: 117 KB
Do not get emotional when you gain or lose
  • #747,851
  • May 26, 2023 7:38am May 26, 2023 7:38am
Strong dollar news makes case for another rate hike before pause. Yields reacting positively.

short GU @ 2381 to hold till DXY retests 104.30 high. SL already moved to BE
  • #747,852
  • May 26, 2023 7:40am May 26, 2023 7:40am
Quoting ScalaFX
{quote} closing all with some good profit and switching to short, first GU 2386 some pendings up
partial taken, rest protected
People don't plan to lose. They lose because they don't plan.
  • #747,853
  • May 26, 2023 7:43am May 26, 2023 7:43am
Quoting maxi444
{quote} Yeah, don t trade never the spike
I once lost 200 bucks with only a 0.15 lot during news. I think it was NFP.
Two candles moved 100+ pips.
I wasn't paying attention that time.
That was frustrating.
Exhausted
  • #747,854
  • May 26, 2023 7:44am May 26, 2023 7:44am
Cmon babeh, let berak under
but the hell GJ is skyrocketing too
Attached Image (click to enlarge)
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,855
  • May 26, 2023 7:45am May 26, 2023 7:45am
US data smashed it… can’t see higher than we’ve had unless we see a profiteering sell off later especially being last Friday of month
Insane in the Brain..
  • #747,856
  • May 26, 2023 7:49am May 26, 2023 7:49am
Cup handle m15? Just my hindsight view.
I'm not trading right now.
Just sharing. Dont have to follow
Attached Image (click to enlarge)
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Exhausted
  • #747,857
  • May 26, 2023 7:51am May 26, 2023 7:51am
Quoting GODofMC
Cmon babeh, let berak under but the hell GJ is skyrocketing too {image}
In recent months. GU is inversely proportional to GJ.
GU rise while GJ drops most of the time.
Otherwise one range one trends.
Exhausted
  • #747,858
  • May 26, 2023 7:52am May 26, 2023 7:52am
Quoting Elysion
{quote} I once lost 200 bucks with only a 0.15 lot during news. I think it was NFP. Two candles moved 100+ pips. I wasn't paying attention that time. That was frustrating.
Don t buy too early
  • #747,859
  • May 26, 2023 7:54am May 26, 2023 7:54am
in daily chart.... look simple and logical
Attached Image (click to enlarge)
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Price turnback to where, he escaped from there
  • #747,860
  • May 26, 2023 7:54am May 26, 2023 7:54am
Quoting maxi444
{quote} Don t buy too early
Been there done that. Trading reversal too early during news is dangerous.
But I was short just now hah.

Not gonna trade anymore for today.
If I'm gonna buy I'll wait for my system to show divergences.
Exhausted
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