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Cable Update (GBPUSD)

  • #826,401
  • Edited 11:25pm May 19, 2024 11:15pm | Edited 11:25pm
checking pa usdx , looks test low again towards last monday morning my price 104.04 before any bounce , so other bounce towards previous top possible , so take care

gu perhaps making a trap / fake out plan below 2695 or 2685 to restart bull !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,402
  • May 19, 2024 11:22pm May 19, 2024 11:22pm
I'm selling now GU with TP trailing stop 10 pips
  • #826,403
  • May 19, 2024 11:28pm May 19, 2024 11:28pm
Quoting zion1948
I'm selling now GU with TP trailing stop 10 pips
Buyers don't wanna give up easily.
  • #826,404
  • May 19, 2024 11:31pm May 19, 2024 11:31pm
Quoting Pat Chiko
{quote} GU Next week guessing of retracement, with some luck it may happen. I hope it will move down a bit, before continue up{image} {image} P/S This is not signal service, I'm just guessing only. Thanks you for not following.
GU

Given the absence of significant news and multiple bank holidays today, it's expected that market volatility and probability will be low.
Take a break from trading today and focus on identifying setups for Tuesday.

Additionally, for those who traded today and are new to trading, it's understandable to feel excited and eager.
However, it's crucial to resist the urge to trade immediately before or during news events.

It's wise to wait until the market stabilizes before considering potential setups.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #826,405
  • May 19, 2024 11:46pm May 19, 2024 11:46pm
easiest way to trade
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  • #826,406
  • May 20, 2024 12:10am May 20, 2024 12:10am
Quoting PatienceFx
easiest way to trade {image}
what is the way
People don't plan to lose. They lose because they don't plan.
  • #826,407
  • May 20, 2024 12:23am May 20, 2024 12:23am
Quoting ScalaFX
{quote} what is the way
easy served on a tray
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  • #826,408
  • May 20, 2024 12:27am May 20, 2024 12:27am
Quoting ScalaFX
{quote} what is the way
and going by that account balance, it is also the easiest way to double it
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  • #826,409
  • May 20, 2024 12:31am May 20, 2024 12:31am
G/M, gap down @ start of new week, immediately bought and a virtually equal high to Friday's hi resulted, - then the supply came in @ the prev 1hr/minor 4hr sw hi = prev res = pot res there.. Asian hi and lo are presently the current dly hi and lo.

As Pat reminded the thread, Bank Hols in many places today, but not Uk or U.s

1hr below
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Trader with an Edge.
  • #826,410
  • May 20, 2024 12:31am May 20, 2024 12:31am
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yes yes yes
  • #826,411
  • May 20, 2024 12:32am May 20, 2024 12:32am
Quoting Jackoboms
{quote} Buyers don't wanna give up easily.
You never know how I set stop and how I take loss.
Only I know
Intraday only.
  • #826,412
  • May 20, 2024 12:33am May 20, 2024 12:33am
Quoting Jackoboms
Forum has been quiet. Don't tell me 90% of people here are holding shorts and waiting for market to drop so they come alive again?
I am ...why not ?
  • #826,413
  • May 20, 2024 12:44am May 20, 2024 12:44am
...the prev dly minor sw lo = prev supp = pot sbr that began @ 2668 and where Friday's 2711 hi supply came in, extends up to circa 2717.

Dly below
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Trader with an Edge.
  • #826,414
  • May 20, 2024 12:47am May 20, 2024 12:47am
This time, yes
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Intraday only.
  • #826,415
  • May 20, 2024 12:52am May 20, 2024 12:52am
Quoting Jackoboms
Forum has been quiet. Don't tell me 90% of people here are holding shorts and waiting for market to drop so they come alive again?
I hope you cut that short a long long time ago?
Emotional Control. Process, not outcome.
  • #826,416
  • May 20, 2024 12:56am May 20, 2024 12:56am
...somewhat rangy now on 1hr and intraday so far today. No Asian b/o yet.

4hr potential supp/res/sbr/rbs zones and other pot supp/res factors, as below

4hr below
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Trader with an Edge.
  • #826,417
  • May 20, 2024 1:13am May 20, 2024 1:13am
For me we have to break the days lows which was set on APAC open. If we can break that we might be able to see the area that Moty has highlighted in his chart earlier. It’s a non volatile day so it could either around drop a bit.
Insane in the Brain..
  • #826,418
  • May 20, 2024 1:30am May 20, 2024 1:30am
Quoting navk
This time, yes {image}
You may go sell for a short-time-flame ok.

But I am still thinking to see GU kissing 1.29xx this week.
  • #826,419
  • May 20, 2024 1:40am May 20, 2024 1:40am
...remains rangy re 1hr and intraday so far. no Asian b/o yet. Lo volatility as others have commented on. Well into the London morning session now.

1hr below
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Trader with an Edge.
  • #826,420
  • May 20, 2024 2:20am May 20, 2024 2:20am
...last 1hr close was a bullish engulf thrust candle...suggestive of more upside? Difficult to say within this tight 1hr/intraday range. Asian range still intact as price remains within it.

1hr below
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Trader with an Edge.
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