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Cable Update (GBPUSD)

  • #826,961
  • May 25, 2024 10:08am May 25, 2024 10:08am
Added short for btc
Master your mind. Master Trading.
  • #826,962
  • May 25, 2024 10:14am May 25, 2024 10:14am
Quoting FriyoFibo
next week still open on the front side 1.2650 1.2600 zone is our current buy zone {image}
damn my SL is 2780 xD
  • #826,963
  • May 25, 2024 10:20am May 25, 2024 10:20am
Quoting Marbas
{quote} damn my SL is 2780 xD

if you didnt over leverage you shouldnt be bothered about the SL hit.. your next trade is also important

not attracted to a single trade 100 trades mean everything
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #826,964
  • May 25, 2024 3:36pm May 25, 2024 3:36pm
Quoting SmallGains
{quote} I like it. Hopefully it gets up there so it can get some correction afterwards. Today seemed very bulish tho I know circumstances of the holiday and what not played a part. You thinkinking 1.272 1.271 area maybe for a small retrace?
yep that’s the zone
Compulsions can be hard to resist
  • #826,965
  • May 25, 2024 9:09pm May 25, 2024 9:09pm
Quoting FriyoFibo
{quote} if you didnt over leverage you shouldnt be bothered about the SL hit.. your next trade is also important not attracted to a single trade 100 trades mean everything

Probably every single trader here has said the same thing to Moty over the years lol....
Moty almost had it earlier this year and thought he'd finally overcome the 'Gambler' only to be margin called again. His mission in this lifetime is to put as much money he possibly can into the hands of his broker and never get of the 'B' book
Don't Leave Money on the Table
  • #826,966
  • May 25, 2024 11:06pm May 25, 2024 11:06pm
Quoting FriyoFibo
next week still open on the front side 1.2650 1.2600 zone is our current buy zone {image}
yeah most probable having a sharp raise to and over 2833, even high 2900 as exaggeration as next weekly bullish to evening star if to stop next , most days may stay bullish before a sharp fall around last days of the week possible , top ranging within shart ranges !. lets see how reacts
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,967
  • May 26, 2024 8:33am May 26, 2024 8:33am
Quoting KareemAliFx
Added short for btc
small loss taken this morning reversing it to a buy now
Master your mind. Master Trading.
  • #826,968
  • May 26, 2024 9:15am May 26, 2024 9:15am
Quoting KareemAliFx
{quote} small loss taken this morning reversing it to a buy now
GU no BTC forum
  • #826,969
  • May 26, 2024 9:19am May 26, 2024 9:19am
...as regards potential (because that is what it is) support -or- resistance, I find that the highest probability potential supp/res/sbr/rbs factors are the previous near-term fractal swing lo's and hi's that indicate a previous near-term imbalance of demand over supply (supp/lo's) -or- supply over demand (res/hi's) are the highest in probability of seeing a reaction at them, and higher still in probability when the fractal swing lo or hi exists as such on @ least the next higher t/f in a t/f combo. So for eg if there is a prev sw hi on 1hr and it exists as a prev sw hi on the 4hr, then that over a any large historical sample is higher in probability of offering resistance than if it were just a prev sw hi on 1hr alone.

Of course it's not as simple as just the above, and everything is about context for determining the highest probability of future price discovery @ potential supp/res/sbr/rbs - ie a bounce away from it, or a break thru it, ie and particularly;

a. What type of market does the pot supp/res/sbr/rbs exist (trending or ranging,) on the t/f it first exists upon?
b. Are the conditions re a. above, with -or- contra those on the next higher t/f (+?)
c. How does price arrive @ pot supp/res/sbr/rbs?

There are of course other potential supp/res factors too like trend lines, fibs, and calculated pivots, (Dly R1, Dly S1 etc, ...) and these are useful for confluence with the above or if on their own, - for me, only so long as a confluence of them are present.

So, take the 1hr chart below, the grey zones are where prev sw lo's -or- hi's exist on @ least the next higher t/f in this t/f combo as well, ie the 4hr in this case. This is not to say that if challenged price won't encounter supp or res in just a prev 1hr sw lo -or- hi zone respectively.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
Trader with an Edge.
  • #826,970
  • May 26, 2024 9:38am May 26, 2024 9:38am
Quoting KareemAliFx
{quote} small loss taken this morning reversing it to a buy now
Yes, BTC long is possible from here. I too took long with stop 68675
Intraday only.
  • #826,971
  • May 26, 2024 9:45am May 26, 2024 9:45am
Quoting navk
{quote} Yes, BTC long is possible from here. I too took long with stop 68675
ya looks good for another possible leg up from the 4HR perspective
Master your mind. Master Trading.
  • #826,972
  • May 26, 2024 10:31am May 26, 2024 10:31am
Quoting thevisitor
{quote} GU no BTC forum
As long as this thread is not Drama thread, I feel it is good.

Drama actors have been made silent by TWEE.

we should Be happy with that.
Intraday only.
  • #826,973
  • May 26, 2024 11:02am May 26, 2024 11:02am
Hey everyone just wanted you to have a Great Sunday and trading week man God loves us and cares for us hope we have a great trading week trade safe and skilled build your strategy improve your mindset greatness comes through experience never be afraid to fail your just one step away from success
  • #826,974
  • May 26, 2024 11:03am May 26, 2024 11:03am
Quoting navk
{quote} As long as this thread is not Drama thread, I feel it is good. Drama actors have been made silent by TWEE. we should Be happy with that.
i just got to forexfactory and see bones blocked me i guess i am getting famous man
  • #826,975
  • May 26, 2024 11:36am May 26, 2024 11:36am
Quoting navk
{quote} As long as this thread is not Drama thread, I feel it is good. Drama actors have been made silent by TWEE. we should Be happy with that.
you are absolutely right my friend ! Just want to focus on trading and considering this thread is the most popular one I just wanna see what others think about other pairs like BTC . Thanks for your input and good luck in your trading !
Master your mind. Master Trading.
  • #826,976
  • May 26, 2024 12:22pm May 26, 2024 12:22pm
Quoting KareemAliFx
{quote} you are absolutely right my friend ! Just want to focus on trading and considering this thread is the most popular one I just wanna see what others think about other pairs like BTC . Thanks for your input and good luck in your trading !
btc will hit new high soon I think but thats only my view
People don't plan to lose. They lose because they don't plan.
  • #826,977
  • May 26, 2024 12:39pm May 26, 2024 12:39pm
Quoting ScalaFX
{quote} btc will hit new high soon I think but thats only my view
yes I say BTC is in a bullish up trend and if history repeat its self usually we see nice trend up weeks months after halving . Hopefully we both get some nice longs in
Master your mind. Master Trading.
  • #826,978
  • May 26, 2024 1:56pm May 26, 2024 1:56pm
Although GBPUSD price action on the H4 time frame is presently sideways. The short-term impulse favours further northward move. Nevertheless, the dominant technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 13 KB
Do your homework, follow the footprints of smart money
  • #826,979
  • May 26, 2024 5:30pm May 26, 2024 5:30pm
Quoting navk
{quote} As long as this thread is not Drama thread, I feel it is good. Drama actors have been made silent by TWEE. we should Be happy with that.

Maybe or it might just be they have run out of things to say
Don't Leave Money on the Table
  • #826,980
  • May 26, 2024 5:37pm May 26, 2024 5:37pm
Quoting HaLBot
{quote} Maybe or it might just be they have run out of things to say
I think they have been silenced by FF Admin.

Almost all are out.

Good for thread
Intraday only.
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Engr.Henry