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Cable Update (GBPUSD)

  • #827,341
  • May 29, 2024 6:27am May 29, 2024 6:27am
Quoting ricmaj
buyers resurfacing if and only if 1.27333 holds the line then the reatest of the support at 1.28ish could ignite, breakout of 1.27333 with clear sell confirmation can write off the support imminently
I feel like it needs to consolidate and just ping pong around for a bit before it can potentially drop some more. I def could be wrong lol.
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  • #827,342
  • May 29, 2024 6:36am May 29, 2024 6:36am
1.27310 then long
  • #827,343
  • May 29, 2024 6:39am May 29, 2024 6:39am
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Longed here, NOW...................SL at 27 30...............

  • #827,344
  • May 29, 2024 6:40am May 29, 2024 6:40am
Quoting navk
I booked this profit based on what the chart said in 1 / 5 min chart. But, 2780/90, i see sellers. I may be wrong. {image}
well thereafter, sold at pivot point for 20 pips.

And bought at s1 and below as you see in 1 min chart.

Once packet is full, i never keep them open.
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Intraday only.
  • #827,345
  • May 29, 2024 6:51am May 29, 2024 6:51am
Quoting ScalaFX
{quote} GJ will reverse now for bigger correction after long run
Yes, we could see a correction, not sure about reversal though. Most retail traders are short. Currently long, will add longs at 200.74
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I'm high on trading, cant you tell?
  • #827,346
  • May 29, 2024 6:58am May 29, 2024 6:58am
Beware.

2732 and below long area
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Intraday only.
  • #827,347
  • May 29, 2024 7:05am May 29, 2024 7:05am
Main trend is still up and no bearish's confirmation is taking place.
I salute anyone who try to short this market for 100-200 pips target.
With courage, patience, and discipline, success is a matter of time.
  • #827,348
  • May 29, 2024 7:09am May 29, 2024 7:09am
This may explain why market doesn't seem to know which direction to head for and why the Euro is maintaining strength despite bad data ... (and why Cable is struggling to catch a break)

https://finance.yahoo.com/news/stock...115257822.html

Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates.

Stocks are selling off as investors contemplate a jump in US bond yields after a government debt auction flopped, reflecting worries that the Federal Reserve will keep rates higher for longer.
  • #827,349
  • May 29, 2024 7:14am May 29, 2024 7:14am
Took short gj
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yes yes yes
  • #827,350
  • May 29, 2024 7:14am May 29, 2024 7:14am
Quoting Jade Gate
This may explain why market doesn't seem to know which direction to head for and why the Euro is maintaining strength despite bad data ... (and why Cable is struggling to catch a break) https://finance.yahoo.com/news/stock...115257822.html Dow futures sank over 200 points as US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates. Stocks are selling off as...
Yea think they were banking on that july cut...its more likely going to sept now.
  • #827,351
  • May 29, 2024 7:16am May 29, 2024 7:16am
Quoting daggi22
1.27310 then long
wait for confirmation,for now GU crushing down and respecting crushed areas, when bounce from your support and crush up first level then you can buy
People don't plan to lose. They lose because they don't plan.
  • #827,352
  • May 29, 2024 7:21am May 29, 2024 7:21am
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yes yes yes
  • #827,353
  • May 29, 2024 7:22am May 29, 2024 7:22am
Quoting SmallGains
{quote} Yea think they were banking on that july cut...its more likely going to sept now.
The momo on the indices may to go into reverse gear sending them back up for the next few days. End of month capital inflows coming into market. And uncertainty about USD tends to pump stocks. We'll see. Possible the currencies will continue with the flip flop. I'm out at BE.
  • #827,354
  • May 29, 2024 7:25am May 29, 2024 7:25am
Quoting ScalaFX
{quote} wait for confirmation,for now GU crushing down and respecting crushed areas, when bounce from your support and crush up first level then you can buy
Yea respecting that down channel pretty good so far. Some patience required for sure. .
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  • #827,355
  • May 29, 2024 7:27am May 29, 2024 7:27am
Quoting Jade Gate
{quote} The momo on the indices may to go into reverse gear sending them back up for the next few days. End of month capital inflows coming into market. And uncertainty about USD tends to pump stocks. We'll see. Possible the currencies will continue with the flip flop. I'm out at BE.
Agree should maybe see some more decision next week after data and all that is out. Stocks been doing very well with pumping but all good times eventually end.
  • #827,356
  • May 29, 2024 7:28am May 29, 2024 7:28am
Quoting BeeTogether
{quote} I wish lol…
Me too,
  • #827,357
  • May 29, 2024 7:42am May 29, 2024 7:42am
New strategy
Zero lag macd
6 pips sl
10 pips tp
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yes yes yes
  • #827,358
  • May 29, 2024 7:55am May 29, 2024 7:55am
Quoting Moty
New strategy Zero lag macd 6 pips sl 10 pips tp {image}
People don't plan to lose. They lose because they don't plan.
  • #827,359
  • May 29, 2024 7:58am May 29, 2024 7:58am
Quoting Moty
New strategy Zero lag macd 6 pips sl 10 pips tp {image}
Zero lag is just you changing time frame?
  • #827,360
  • May 29, 2024 8:02am May 29, 2024 8:02am
Quoting Moty
New strategy Zero lag macd 6 pips sl 10 pips tp {image}
Moty - not a criticism or sarcasm but how many approaches have you tried and, importantly, are now profitable ?
every Saint has a past. Every Sinner has a Future
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