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Cable Update (GBPUSD)

  • #812,121
  • Feb 27, 2024 7:36am Feb 27, 2024 7:36am
Very bullish for the dollar
You have an IQ lower than 90 if you interact with this user.
  • #812,122
  • Feb 27, 2024 7:37am Feb 27, 2024 7:37am
come on dow
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yes yes yes
  • #812,123
  • Feb 27, 2024 7:37am Feb 27, 2024 7:37am
Quoting Iansco
{quote} huh? green?
i mean red, sorry i have Partial color blindness
dont teach me how to buy. im sellers!!
  • #812,124
  • Feb 27, 2024 7:39am Feb 27, 2024 7:39am
Quoting Whatevs
{quote} On any normal day one could expect 100 pips, but the problem is that volatility is so dam low I just don't see it. 40 pips would be awesome today in my opinion. We'll see though haha.
Whatevs, yesterday GU made an ID bar, so today's expectation is increased volatility. At least one end of yesterday's bar should break unless...GU decides to make another ID.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.27 30M.png Size: 60 KB

On the daily chart, GU has a strong resistance ahead @ 1.2695-1.2710 with the TL
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.27 daily.png Size: 30 KB
Always trade your own plan...I don't provide trading signals.
  • #812,125
  • Feb 27, 2024 7:44am Feb 27, 2024 7:44am
long
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #812,126
  • Feb 27, 2024 7:44am Feb 27, 2024 7:44am
for 26 pips
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yes yes yes
  • #812,127
  • Feb 27, 2024 7:45am Feb 27, 2024 7:45am
Quoting Coreg2004
{quote} Whatevs, yesterday GU made an ID bar, so today's expectation is increased volatility. At least one end of yesterday's bar should break unless...GU decides to make another ID.{image} On the daily chart, GU has a strong resistance ahead @ 1.2695-1.2710 with the TL {image}
I note the day before yesterday was also an ID. 3 ID's in a row?
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #812,128
  • Feb 27, 2024 7:46am Feb 27, 2024 7:46am
I guess no real movement until Consumer Confidence.
  • #812,129
  • Feb 27, 2024 7:46am Feb 27, 2024 7:46am
The 'news' says that the US economy is in decline! The FED is achieving its goals of slowing the economy. Rate cuts sooner than later. None of which should strengthen the US$.

The GU price reaction suggests to me that too many traders went long so the market went short!
  • #812,130
  • Feb 27, 2024 7:50am Feb 27, 2024 7:50am
ok this is not fun any more
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  • #812,131
  • Feb 27, 2024 7:55am Feb 27, 2024 7:55am
Quoting Iansco
{quote} I note the day before yesterday was also an ID. 3 ID's in a row?
Iansco, good eyes I missed that. The dollar chart is encouraging for bulls. The price on this chart is outside of the channel. Correction of BC swing might be over.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 02.27 daily.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #812,132
  • Feb 27, 2024 7:59am Feb 27, 2024 7:59am
Going to wait until the US numbers. Don't trade unnecessarily and lose whatever you've gained so far today.

A bearish move would take this PA to below 1.2650 and a bullish move is above of 1.27.
  • #812,133
  • Feb 27, 2024 8:01am Feb 27, 2024 8:01am
Quoting hamedsna
ok this is not fun any more {image}
Lolzzz ... honestly speaking!
I think they're still gathering orders. I need a breakout, EMA cross or something on GU before I engage.
  • #812,134
  • Feb 27, 2024 8:02am Feb 27, 2024 8:02am
Quoting kenny4real
{quote} Lolzzz ... honestly speaking! I think they're still gathering orders. I need a breakout, EMA cross or something on GU before I engage.
Just follow the trend
  • #812,135
  • Feb 27, 2024 8:04am Feb 27, 2024 8:04am
I would love to see market close at near today’s open price so Daily candle will form Doji. It is very high probability for high volatility on the next day. Don’t prefer lower or higher today in order for Doji to form.
With courage, patience, and discipline, success is a matter of time.
  • #812,136
  • Feb 27, 2024 8:04am Feb 27, 2024 8:04am
Quoting MrFanciful
{quote} Just follow the trend
You might want to wait a 'few minutes' to see where that trend is going.
  • #812,137
  • Feb 27, 2024 8:04am Feb 27, 2024 8:04am
Quoting Coreg2004
{quote} Whatevs, yesterday GU made an ID bar, so today's expectation is increased volatility. At least one end of yesterday's bar should break unless...GU decides to make another ID.{image} On the daily chart, GU has a strong resistance ahead @ 1.2695-1.2710 with the TL {image}
corrected the 30M chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 02.27 30Mb.png Size: 62 KB
Always trade your own plan...I don't provide trading signals.
  • #812,138
  • Feb 27, 2024 8:04am Feb 27, 2024 8:04am
After the Durable Goods Orders data:
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  • #812,139
  • Feb 27, 2024 8:06am Feb 27, 2024 8:06am
Quoting dantpm
{quote} You might want to wait a 'few minutes' to see where that trend is going.

To be honest, by look at Daily Chart, I don’t know whether I should call it a trend or not.
With courage, patience, and discipline, success is a matter of time.
  • #812,140
  • Feb 27, 2024 8:09am Feb 27, 2024 8:09am
I am done with this account as of now.

I want to see extremes to trade more.

Done 7.54 % for Tuesday.
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Intraday only.
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