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Cable Update (GBPUSD)

  • #807,421
  • Feb 5, 2024 6:17am Feb 5, 2024 6:17am
If this doesn't hold then 1.254 we go.
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Exhausted
  • #807,422
  • Feb 5, 2024 6:20am Feb 5, 2024 6:20am
Quoting FraterRedox
{quote} {image}
Ah the classic GU stalling picture
Exhausted
  • #807,423
  • Feb 5, 2024 6:24am Feb 5, 2024 6:24am
Quoting Elysion
{quote} Timing is important, try not to enter blindly.
I've adjusted my fibs to the Friday up move on the 30 min chart. Here's attempt 4:
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I have no clue where it's going
  • #807,424
  • Feb 5, 2024 6:25am Feb 5, 2024 6:25am
Quoting Elysion
{quote} Ah the classic GU stalling picture
65 pip london range btw
  • #807,425
  • Feb 5, 2024 6:26am Feb 5, 2024 6:26am
Quoting Godspromise
{quote} think you should give it a hour or so for exhaustion it's trying to hit stop-loss
Thanks. I'm working off 30 min fib extensions.

I'm in number 4 today. Let's see if we still push down, or start the retrace.
I have no clue where it's going
  • #807,426
  • Feb 5, 2024 6:28am Feb 5, 2024 6:28am
up up and away to be mf
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yes yes yes
  • #807,427
  • Feb 5, 2024 6:39am Feb 5, 2024 6:39am
Quoting eyefeelsix
{quote} myArea of interest for short {image}

careful to buy, it's breakdown, more lower more faster

Attached Image (click to enlarge)
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https://breakpullback.com
  • #807,428
  • Feb 5, 2024 6:41am Feb 5, 2024 6:41am
Quoting Oylux
{image}Finally done with my challenge account first time trying a prop Firm seeing that it is now the newest and easiest way to get a better trading capital. Grateful for all the learnings from the chat room . Special thanks to @ t721 @navk for their support and Time. Thanks FF Room.
Good to hear you passed phase 1.

Repeat in phase 2.

Managing risk is key.

Never aim more than the amount what I said in DM.

Good luck
Intraday only.
  • #807,429
  • Feb 5, 2024 6:58am Feb 5, 2024 6:58am
Ughh, finally m5 divergence.
For me, at least.

Welp, NY is the only buying force I guess.
Exhausted
  • #807,430
  • Feb 5, 2024 7:00am Feb 5, 2024 7:00am
Long 1.2554
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #807,431
  • Feb 5, 2024 7:02am Feb 5, 2024 7:02am
Falling knife here.. NYO in half hour maybe a halt and move back to 126 or maybe carry on to 125.
Insane in the Brain..
  • #807,432
  • Feb 5, 2024 7:06am Feb 5, 2024 7:06am
The way cable melting 1.25100-200 can be a place for some long buy scalps
m out of cable n gold too many losses.. not able to find my edge… better be focusing on us30.. two winners already… in 30 mins
dxy hitting a strong resistance possibility of minor retrace maybe before tearing this resistance
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Extreme gut feeling trader
  • #807,433
  • Feb 5, 2024 7:06am Feb 5, 2024 7:06am
Another set of buyers swept off again

patience guys… not right time to buy yet.
  • #807,434
  • Feb 5, 2024 7:08am Feb 5, 2024 7:08am
my broker use unfair spread to kick out my SHORT @ 1.26565 when daily open.
Today's DH so far is 1.26348.
I wait til LO and had placed SHORT @ 1.26260 , 1.26150
This time should be right , the big range move I had expected.
Now wait and see how NYS react.
  • #807,435
  • Feb 5, 2024 7:25am Feb 5, 2024 7:25am
Bull Gang: failed move on support from 1.25846 opening the way for Main Bull action at 1.25300/ 1.24700. 4 hour close to determine next course of action.
Keep the Lights on then you can catch the rise from the dark.
  • #807,436
  • Feb 5, 2024 7:26am Feb 5, 2024 7:26am
On a plus note for buyers, at the US's current rate, they should be spending 100% of Federal tax revenues on just the interest payments on their government debts by the end of the decade, so only 6 years away. The collapse of the currency isn't too far away.
  • #807,437
  • Feb 5, 2024 7:27am Feb 5, 2024 7:27am
Quoting OperaniyiFx
Another set of buyers swept off again patience guys… not right time to buy yet.
No need to laugh at those who are buying, one day you will feel the same thing, in this industry no one is great. note that!
https://breakpullback.com
  • #807,438
  • Feb 5, 2024 7:34am Feb 5, 2024 7:34am
Quoting eyefeelsix
{quote} No need to laugh at those who are buying, one day you will feel the same thing, in this industry no one is great. note that!
Notice how they always say it after the fact? Everyone can analyise is hindsight.
  • #807,439
  • Feb 5, 2024 7:38am Feb 5, 2024 7:38am
Profits for scalpers, swingers are knocked off
Yngfx
  • #807,440
  • Feb 5, 2024 7:43am Feb 5, 2024 7:43am
Quoting Yngwie
{quote} Yeah. hopefully bull will rise today before NY since 1hr oversold since last friday and i know market can drop to 1.2550 today since pressure from 1.2665.
Stubborn bears! Come on 1.2550 going up Hopefully poor result for USD ISM Services PMI news later
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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