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Cable Update (GBPUSD)

  • #826,861
  • May 24, 2024 5:25am May 24, 2024 5:25am
...State of play: 4hr and dly general uptrends still intact. 1hr - a false 3rd 1hr downside b/o of the recent 2687-2762 range on that t/f, and now back inside it after a strong move up from current dly lo, - and price remains above the Asian hi right now.

1hr below
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Trader with an Edge.
  • #826,862
  • May 24, 2024 5:27am May 24, 2024 5:27am
Time for next and may a last bite for usdx approaching fast ! Careful , watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,863
  • May 24, 2024 5:28am May 24, 2024 5:28am
Huge negative GBP news Vs price action...

The only thing I care about the news is to know when its coming and to stay out of its way... price will ALWAYS tell you where to go after.

Have a great weekend everyone. Go out side, look around, enjoy nature, and get some fresh air
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Emotional Control. Process, not outcome.
  • #826,864
  • May 24, 2024 5:31am May 24, 2024 5:31am
Quoting Konichiwhaat
Huge negative GBP news Vs price action... The only thing I care about the news is to know when its coming and to stay out of its way... price will ALWAYS tell you where to go after. Have a great weekend everyone. Go out side, look around, enjoy nature, and get some fresh air {image} {image}
One of the best.. lol. Made my day.
  • #826,865
  • May 24, 2024 5:35am May 24, 2024 5:35am
Quoting Whale
{quote} One of the best.. lol. Made my day.
...the "GEE YUU" swinging monkey!
Emotional Control. Process, not outcome.
  • #826,866
  • May 24, 2024 5:41am May 24, 2024 5:41am
...slim pickings in the London morning on the lower t/f's re set-ups, best opportunity - the 5min then 10min then 15min then 30min then 1hr, then 4hr (gmt+3) candles that developed off the current dly lo - re PA/set-ups...strong move up already past 50% of the total 2762 -2675 move (current wkly hi - current dly/wkly lo.) The move seems counter-intuitive to the weak Uk retail sales data (-2.3% MoM) earlier?

1hr below
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Trader with an Edge.
  • #826,867
  • May 24, 2024 5:54am May 24, 2024 5:54am
In two hours from now im planning to start the GU short.

daily is in a decision day.
And for me lower areas should hit.
so minimum is 1.264 and below.
  • #826,868
  • May 24, 2024 5:56am May 24, 2024 5:56am
Quoting Whale
In two hours from now im planning to start the GU short. daily is in a decision day. And for me lower areas should hit. so minimum is 1.264 and below.
I suppose a lot will depend on the data in around 90 mins but we could also have a long weekend sell off too
Insane in the Brain..
  • #826,869
  • May 24, 2024 6:28am May 24, 2024 6:28am
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yes yes yes
  • #826,870
  • May 24, 2024 8:00am May 24, 2024 8:00am
Nothing for NYO either looks like long weekend sentiments already in
Insane in the Brain..
  • #826,871
  • May 24, 2024 8:13am May 24, 2024 8:13am
Quoting BeeTogether
Nothing for NYO either looks like long weekend sentiments already in
Perhaps bear are waiting for 1.27333 and it keep shying away
Keep the Lights on then you can catch the rise from the dark.
  • #826,872
  • May 24, 2024 8:17am May 24, 2024 8:17am
There is still this gap....
It is on the 15min...so i think its a little more significant but i could be wrong. But if there was a day to fill it today would seem likely as news can be used to account for the move....all planned moves by market makers of course.
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  • #826,873
  • May 24, 2024 8:28am May 24, 2024 8:28am
Quoting SmallGains
There is still this gap.... It is on the 15min...so i think its a little more significant but i could be wrong. But if there was a day to fill it today would seem likely as news can be used to account for the move....all planned moves by market makers of course. {image}
Also i see a little gap in the DXY from yesterday as well from that massive move...thinking this might want to fill...once the stars align I will start getting into more shorts. We have Waller speech and then we have the sentiment at 10 AM....perfect opportunity to reach gap fill and support areas for the turn around and bleed off leading into the weekend. Will see what it do.
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  • #826,874
  • May 24, 2024 8:36am May 24, 2024 8:36am
Testing waters Short at 1.27300 sl 20 tp wide
Keep the Lights on then you can catch the rise from the dark.
  • #826,875
  • May 24, 2024 8:36am May 24, 2024 8:36am
Went long at 1.27273
be a thinker before being a reacter
  • #826,876
  • May 24, 2024 8:38am May 24, 2024 8:38am
i am short biased

SWING
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Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #826,877
  • May 24, 2024 8:42am May 24, 2024 8:42am
Quoting navk
{quote} weekly open 2670. High until now 2770. Let us see what NY does. Either way 50 to 75 pips on break
on a bullish week, not to expect bears
Intraday only.
  • #826,878
  • May 24, 2024 9:04am May 24, 2024 9:04am
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  • #826,879
  • May 24, 2024 9:08am May 24, 2024 9:08am
Quoting Whale
{image}
beige colour the main TP for me anything above that will do too
Insane in the Brain..
  • #826,880
  • May 24, 2024 9:11am May 24, 2024 9:11am
That's why I don't take much stock on news green data all around yet gold and other usd pairs gone into red for usd and the dxy shot right down #remember retail traders are trading against banks and algorithm news is only an event to make the big moves or liquidity swing to collect liquidity before big moves
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