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Cable Update (GBPUSD)

  • #821,361
  • Apr 12, 2024 8:17am Apr 12, 2024 8:17am
believe me or not it goes min to 1.28 if look daily.if we speak about correction of down trend daily. it is stange that daily went down from middle and didnt make top.
  • #821,362
  • Apr 12, 2024 8:19am Apr 12, 2024 8:19am
Quoting Pat Chiko
GU LONG Scalp{image}

light a fire under it for me pat
short trump and go long the deepstate
  • #821,363
  • Apr 12, 2024 8:24am Apr 12, 2024 8:24am
Quoting navk
{quote} Yes, asia, i can take short trade. 4 he sell candle. I can look for other tf sell candles and trade. I can not take re entry in London/Frankfurt open. Usually, the price goes to back to asian high for london people to sell. But then no today. It is one way today. Am I complaining ? No. It happens some days. {image} {image} {image}
I sometimes get more confortable by looking at RSI in 1m or 5m
so if I want to entry short in the middle of a move, far from the EMA and maybe between a support and a resistance, I wait for the RSI to be oversold/overbought or at least a divergence suggesting continuation.
guess the same can apply with MACD or any similar.
not the holy grail, but helps as long as you know what you are doing

WARNING: not to do for counter direction!

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did not want to show my position, anyway too late I entered @5
90% of traders use TA, indicators and prediction
  • #821,364
  • Apr 12, 2024 8:24am Apr 12, 2024 8:24am
Quoting Zebi
{quote} light a fire under it for me pat
it’s dump Friday.
Insane in the Brain..
  • #821,365
  • Apr 12, 2024 8:31am Apr 12, 2024 8:31am
Quoting viktoriaxz
I have one guess.I said before abut H4 channel. Daily channel GU didnt hit it longtime .Daily channel 1.2405.Maybe it go there. It didnt hit top and bottom.Top now 1.2900.Line goes down. Before if was about 1.30.Gu couldnt hit top and bottom of daily channel.
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Intraday Trading is an Art _ hoda
  • #821,366
  • Apr 12, 2024 8:32am Apr 12, 2024 8:32am
price at target/ support , still watching for further low if ! , limit up same 2510
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,367
  • Apr 12, 2024 8:33am Apr 12, 2024 8:33am
On the daily chart, levels around 1.2375 - 1.2413 are likely to be closely watched for action. But I prefer to sell if GU returns to 1.2500
  • #821,368
  • Apr 12, 2024 8:33am Apr 12, 2024 8:33am
I have a 2440/45 possible pullback
lower is 2415/20
more lower 2395/2405
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90% of traders use TA, indicators and prediction
  • #821,369
  • Apr 12, 2024 8:49am Apr 12, 2024 8:49am
Quoting navk
{quote} Yes, asia, i can take short trade. 4 hr sell candle. I can look for other tf sell candles and trade. I can not take re entry in London/Frankfurt open. Usually, the price goes back to asian high for london people to sell. But then no today. It is one way today. Am I complaining ? No. It happens some days. {image} {image} {image}
navk, I waited during the Tokyo session for the price to go up the standard distance of 20-30 pips but ended with the short trade. I incorporated your 4H bar (9 p.m. NY time) setup into my playbook. Thanks for that.
Always trade your own plan...I don't provide trading signals.
  • #821,370
  • Apr 12, 2024 8:53am Apr 12, 2024 8:53am
Quoting Zebi
https://www.forexfactory.com/news/12...ecasting-model i cant believe this is causing the swoon on GU what are you brits doing over there LOL...letting bernanke steal the crown jewels

Mark Carney was a much better Bank of England Govenor in my opinion.....
Don't Leave Money on the Table
  • #821,371
  • Apr 12, 2024 8:54am Apr 12, 2024 8:54am
added entry
trailing SL 13pips

will cut if gets higher than 2471

edit: typo
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90% of traders use TA, indicators and prediction
  • #821,372
  • Apr 12, 2024 9:02am Apr 12, 2024 9:02am
Quoting viktoriaxz
believe me or not it goes min to 1.28 if look daily.if we speak about correction of down trend daily. it is stange that daily went down from middle and didnt make top.
Why and what timeframe?
  • #821,373
  • Apr 12, 2024 9:02am Apr 12, 2024 9:02am
Quoting _BBKing_
added entry trailing SL 13pips will cut if gets higher than 2471 edit: typo {image}
+15. BE
90% of traders use TA, indicators and prediction
  • #821,374
  • Apr 12, 2024 9:03am Apr 12, 2024 9:03am
Consumer sentiment was lower than expected data not helping GU at all
Insane in the Brain..
  • #821,375
  • Apr 12, 2024 9:06am Apr 12, 2024 9:06am
Quoting Yngwie
Long 1.2490
add long 1.2447 SL 1.2440
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #821,376
  • Apr 12, 2024 9:09am Apr 12, 2024 9:09am
Quoting Yngwie
{quote} add long 1.2447 SL 1.2440
no longs for time being.
Insane in the Brain..
  • #821,377
  • Apr 12, 2024 9:11am Apr 12, 2024 9:11am
20 pips to my TP1 2420 (pink line)
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90% of traders use TA, indicators and prediction
  • #821,378
  • Apr 12, 2024 9:12am Apr 12, 2024 9:12am
[quote=thevisitor;14829076]{quote} Why and what timeframe?[/quote MY guess after all what we see today, it go to the top. Bottom we see 1.21. 1.29 200 so top. I said before about correction (daily trend up till 1.25 now).But it goes to 1.24400.Trend turned last days to red -but now it need correction(about top we dont speak) 1.28-1.28 and turn down daily. I wait 1.28-1.29---- after today 1.24400
  • #821,379
  • Apr 12, 2024 9:13am Apr 12, 2024 9:13am
Quoting Whatevs
{quote} EUR/USD S2 Hit. S3 1.063. Beyond that... it's looking like parity and below.
EUR/USD S3 HIT!!
  • #821,380
  • Apr 12, 2024 9:21am Apr 12, 2024 9:21am
Gold is a money printer.. i hope nobody touch it on the sell side.

anyway we will see correction sooner or later..
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