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Cable Update (GBPUSD)

  • #826,441
  • May 20, 2024 9:40am May 20, 2024 9:40am
sold 1.2717
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,442
  • May 20, 2024 9:54am May 20, 2024 9:54am
Quoting Yngwie
sold 1.2717
ok
  • #826,443
  • Edited 11:19am May 20, 2024 10:04am | Edited 11:19am
Quoting Wavegarrick
{quote} Waiting for a test of 1.2750 and above. The descending trendline is a must for bulls to overcome. Cheers. {image}
{ virus risk deleted by staff } this is fire , you should try
  • #826,444
  • May 20, 2024 10:10am May 20, 2024 10:10am
Quoting Yngwie
sold 1.2717
very risky..sorry only my 2ct
  • #826,445
  • May 20, 2024 10:21am May 20, 2024 10:21am
Quoting SmallGains
{quote} Let me know when you sell or buy. You can be my indicator lol. Seriously tho I feel the same way sometimes.
Lol... my TP just hit at 2715. Over and out. This pair can be annoying.
  • #826,446
  • May 20, 2024 10:24am May 20, 2024 10:24am
My long to just hit on that spike at 2725
Intraday only.
  • #826,447
  • May 20, 2024 10:24am May 20, 2024 10:24am
Quoting Jackoboms
{quote} Buyers don't wanna give up easily.
+10 pips
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  • #826,448
  • May 20, 2024 10:25am May 20, 2024 10:25am
Quoting Mitiblotch
{quote} Lol... my TP just hit at 2715. Over and out. This pair can be annoying.
You bought all the way up to 2715? Or sold down
  • #826,449
  • May 20, 2024 10:34am May 20, 2024 10:34am
Quoting Jackoboms
{quote} You bought all the way up to 2715? Or sold down
Ok. The spike up brought about that.
  • #826,450
  • May 20, 2024 10:38am May 20, 2024 10:38am
Quoting navk
This time, yes {image}
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Quoting navk
My long to just hit on that spike at 2725

I thought you were short.
Always trade your own plan...I don't provide trading signals.
  • #826,451
  • May 20, 2024 10:38am May 20, 2024 10:38am
Quoting navk
My long to just hit on that spike at 2725
since you helped me
here is something for you
https://www.forexfactory.com/thread/...6#post14873226

result
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  • #826,452
  • Edited 11:15am May 20, 2024 10:41am | Edited 11:15am
Quoting Headland
...bulls might be thinking - well the gap down @ new week open to Asian lo was immediately bought, and the move down off the Asian hi was also bought @ top of the prev 1hr/minor 4hr sw lo zone = prev supp = pot supp that extends down to Asian lo. 1hr and 4hr are in general uptrends and Fri's dly and last week's wkly closed very bullish - so therefore it favours the bulls?
Skinny day all told re volatility, and certainly that was even more the case in my own trading session - the London morning. Hope everyone got the clues though, (see quote re my post in the London morning session, above.) A 1st false upside break of Asian hi and then the retest of top of Asian range and the 2nd 'truer' upside b/o to current 2725 dly hi, (@/around Dly R1.) This Upside break reached the underside of the breached former dly ascending t/line that joined 0364 with 2539.

The descending t/line WaveGarrick mentions in his post above, (wkly desc t/line,) joins 4249 with 2893, and on tomorrow's dly candle, (unlikely to get hit today,?) comes through @ circa 2795. So, 2709- circa 2677 becomes a pot rbs zone on the dly t/f now.

Dly below
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Trader with an Edge.
  • #826,453
  • May 20, 2024 10:44am May 20, 2024 10:44am
Quoting Coreg2004
{quote}{image} {quote} I thought you were short.
That short trade got stopped out.

Then took long and booked all to make all ++

That was vengence trade. I got disappointed myself earlier to sell at that price to get stopped out.
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Intraday only.
  • #826,454
  • May 20, 2024 10:52am May 20, 2024 10:52am
Quoting Coreg2004
{quote}{image} {quote} I thought you were short.
This is why i was disappointed to take short and get stopped out.

You can see the imbalance in price above 2680 to 2694 which suggest...only long entry possible.
Attached Image (click to enlarge)
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Intraday only.
  • #826,455
  • May 20, 2024 10:57am May 20, 2024 10:57am
Quoting navk
{quote} This is why i was disappointed to take short and get stopped out. You can see the imbalance in price above 2680 to 2694 which suggest...only long entry possible. {image}
navk, that's why I was surprised you shorted midway between PP and R1, you usually wait for R1 minimum.
Always trade your own plan...I don't provide trading signals.
  • #826,456
  • May 20, 2024 10:57am May 20, 2024 10:57am
After that spike, see the price imbalance in 1 min chart, which says to me to short for few only. But i was not interested.

I took short for few dollars as you see in my statement above.
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Intraday only.
  • #826,457
  • May 20, 2024 11:00am May 20, 2024 11:00am
Quoting Coreg2004
{quote} navk, that's why I was surprised you shorted midway between PP and R1, you usually wait for R1 minimum.
yeah, that short was stupidity earlier.

At 1.2725, i saw the price imbalance as per my previous chart to short.

But then..., it is 2 pm here..not interested.


Now... on 30min or 1 hr tf... the price needs to do extraordinary to see shorting possibilities.

The price is making... higher high by making imbalance.
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Intraday only.
  • #826,458
  • May 20, 2024 11:21am May 20, 2024 11:21am
Quoting Headland
{quote} Skinny day all told re volatility, and certainly that was even more the case in my own trading session - the London morning. Hope everyone got the clues though, (see quote re my post in the London morning session, above.) A 1st false upside break of Asian hi and then the retest of top of Asian range and the 2nd 'truer' upside b/o to current 2725 dly hi, (@/around Dly R1.) This Upside break reached the underside of the breached former dly ascending t/line that joined 0364 with 2539. The descending t/line WaveGarrick mentions in his post above,...
As per my chart, anyhting between 2650 to 2694 is buy area for Tuesday.
Intraday only.
  • #826,459
  • May 20, 2024 11:43am May 20, 2024 11:43am
Quoting navk
{quote} As per my chart, anyhting between 2650 to 2694 is buy area for Tuesday.
Hi. Yeah I can see that. 2645 the current and likely dly lo today. I am looking @ 1hr and 4hr now and it could be argued that there is a something of a rising wedge on 4hr, and the same developing on 1hr, which may point to some more pullback? We'll see - not sure about them. Dly today is likely to end up bullish. Looking forward to tomorrow.
Regards.

1hr below
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Trader with an Edge.
  • #826,460
  • May 20, 2024 11:57am May 20, 2024 11:57am
gbpjpy sell @ 198.5

tp 196.

tomorrow get ready for the sells. Likely going to test 197.70. I’m expecting a red candle.

let’s see.
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