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Cable Update (GBPUSD)

  • #826,181
  • May 16, 2024 10:44am May 16, 2024 10:44am
Quoting tiborf71
{quote} well, if we look at the fundamental analysis, maybe yes, maybe. but there are signs that suggest that this pair is currently very overbought..
it is overbought as we have seen over nearly 200 pip spread this week alone.
Insane in the Brain..
  • #826,182
  • May 16, 2024 10:45am May 16, 2024 10:45am
Quoting tiborf71
{quote} of course, it is best if everyone does their own analysis and decides accordingly.
of course, I just like messing with the anything can happen at any time camp
read my signature
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,183
  • May 16, 2024 10:56am May 16, 2024 10:56am
Quoting Bones
{quote} not this week
Looks like flogging a dead horse.

Haven’t much expectation of tomorrow and monday either.

For those who use charts: It’s likely to print a ’pinbar’.
You have an IQ lower than 90 if you interact with this user.
  • #826,184
  • May 16, 2024 10:58am May 16, 2024 10:58am
Quoting Sammih
{quote} Im tempted to sell here again. The RR is insane. 12:1. lets do it, risk 0.4% {image} {image}
sells hit sl
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I'm high on trading, cant you tell?
  • #826,185
  • May 16, 2024 11:04am May 16, 2024 11:04am
long GJ, will add longs in marked area
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I'm high on trading, cant you tell?
  • #826,186
  • Edited 12:11pm May 16, 2024 11:24am | Edited 12:11pm
Quoting Ferna
{quote} Looks like flogging a dead horse. Haven’t much expectation of tomorrow and monday either. For those who use charts: It’s likely to print a ’pinbar’.
A bearish pin bar has a longer upper tail, maybe a doji cross, it is overbought but looks weak.
I'm looking at the time left and I don't think that at all,
it just has to hold up 'as is' on the weekly.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,187
  • Edited 11:56am May 16, 2024 11:45am | Edited 11:56am
Quoting Headland
{quote} Yes came the reply to above question. Price has tested into that zone but still near top of it.......buyers have emerged there. Chart below shows the potential upside obstacles for the bulls....challenging first one now and sellers emerging. 30min and 1hr bullish hidden div is present @ current dly lo but this could develop further if price continues to fall, particularly on 1hr, and may stay there whilst price is above 2587. There is a 4 fib cluster circa 2600-05. 1hr below {image}
I Wasn't @ the desk but after the bulls were snipping away inside the zone - the resulting small rallies were sold by the bears. I see that price dropped further - a couple of pips outside the bottom of that prev 1hr sw lo zone = prev res = pot rbs (now a hollow zone on chart below) that extended down to 2645, - 2643 the current dly lo - and actually took a bounce off the 1hr ascending t/line (shown on chart below,) and has now breached the 1hr descending t/line to the upside in the more sustained rally that followed.

The potential upside obstacles are as chart below and in fact it is the asian lo that is causing the bulls some problems right now.

1hr below
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Trader with an Edge.
  • #826,188
  • May 16, 2024 11:55am May 16, 2024 11:55am
...keep in mind that on the dly t/f that the prev sw hi zone that starts @ 2634 = prev res = pot rbs is wide, and extends down to 2548 on this t/f, and so may contain more demand if tested. In that event - I would be looking for 4hr bullish hidden div (for a long entry back into the potentially emerging dly [next higher t/f] uptrend,) and to time entry @ a 1hr pot rbs/supp zone using a 15min trigger. This would be the optimum way of doing it for me in the event of such a deeper drop playing out, provided the entry is @ a potential HL on the dly.

Dly below
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Trader with an Edge.
  • #826,189
  • May 16, 2024 11:58am May 16, 2024 11:58am
Quoting billGU
{quote} you say this like it isn't also free to take the piss out of you guys
...and you would be right buttercup...
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  • #826,190
  • May 16, 2024 12:05pm May 16, 2024 12:05pm
It seems we are closing in the opening area give or take a few. From a bullish perspective that’s a good turnaround. No proper data to write home about so it could be a similar to today days a bit of up and some downs
Insane in the Brain..
  • #826,191
  • May 16, 2024 12:24pm May 16, 2024 12:24pm
A simple question?

How is it possible to have 900+ subscribers and 100 and some buddies and all are deleted? How does this happen?
I have 400 and some subscribers and I know it is impossible to delete them of which I know a few have died in the interim?
I have seen strange things happen here at FF in the past few weeks and need some clarity.

Cheers.
Trade to trade another day
  • #826,192
  • May 16, 2024 1:08pm May 16, 2024 1:08pm
Quoting Bones
{quote} A bearish pin bar has a longer upper tail, maybe a doji cross, it is overbought but looks weak. I'm looking at the time left and I don't think that at all, it just has to hold up 'as is' on the weekly. {image}
Oh, my mistake. I forgot about the candlestick charts/names when i developed my strategy, as i don’t depend on them.
Your analysis has been excellent so far this week Bones
The data and calculations supports a slight continuation, but we near an important decision point and slightly above in terms of PA.
Reflection or larger continuation?
You have an IQ lower than 90 if you interact with this user.
  • #826,193
  • May 16, 2024 2:05pm May 16, 2024 2:05pm
anybugger catch the ftse div trade yesterday ?
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  • #826,194
  • May 16, 2024 2:31pm May 16, 2024 2:31pm
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  • #826,195
  • May 16, 2024 3:37pm May 16, 2024 3:37pm
Quoting Wavegarrick
A simple question? How is it possible to have 900+ subscribers and 100 and some buddies and all are deleted? How does this happen? I have 400 and some subscribers and I know it is impossible to delete them of which I know a few have died in the interim? I have seen strange things happen here at FF in the past few weeks and need some clarity. Cheers.
A simple answer....who cares...
  • #826,196
  • May 16, 2024 4:07pm May 16, 2024 4:07pm
Quoting Wavegarrick
A simple question? How is it possible to have 900+ subscribers and 100 and some buddies and all are deleted? How does this happen? I have 400 and some subscribers and I know it is impossible to delete them of which I know a few have died in the interim? I have seen strange things happen here at FF in the past few weeks and need some clarity. Cheers.
r u talking about jaybag
You have to have an IQ higher than 90 to interact with this user.
  • #826,197
  • May 16, 2024 6:02pm May 16, 2024 6:02pm
Quoting Nordling
{quote} Exactly, that's why i liked your post. Using hard TPs seem to cause cutting winners early as well. If you got it right, why use tp, using trailing stops or positive SL seem like a better option. And like you said, no one knows where the price is going, we get what the market gives. We can only guess
Well said. Getting into a trade is easy. Getting out, where, when and why... that's the hard part
Emotional Control. Process, not outcome.
  • #826,198
  • May 16, 2024 6:04pm May 16, 2024 6:04pm
Long tp 1.27750
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8/20/23
  • #826,199
  • May 16, 2024 6:07pm May 16, 2024 6:07pm
Quoting Jackoboms
{quote} I don't talk much, but when we get there, I'd let you know.
No need as I look at the GU chart every day. But you can if you like
Emotional Control. Process, not outcome.
  • #826,200
  • May 16, 2024 7:04pm May 16, 2024 7:04pm
Quoting Konichiwhaat
{quote} No need as I look at the GU chart every day. But you can if you like
Alright bro, One Love
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