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Cable Update (GBPUSD)

  • #827,741
  • May 31, 2024 5:10am May 31, 2024 5:10am
Joining with the bears for beer Friday. Sold at 1.27240 sl 15 tp 45
Keep the Lights on then you can catch the rise from the dark.
  • #827,742
  • May 31, 2024 5:14am May 31, 2024 5:14am
Sold @ 1.2724
  • #827,743
  • May 31, 2024 5:18am May 31, 2024 5:18am
Quoting SmallGains
{quote} Seems unstoppable. Not sure whats the deal with it

Euro/Gbp was being bought over the last 7 hours and on the seventh hour it had it's fill and pulled back allowing Cable to be bought. At this time Euro had better than expected Core Harmonized Index of Consumer Prices (HICP) data so Euro was bought up for about 25 pips so far meaning US dollar sold off.
I don't believe trading is just technical but a combination of technicals and fundamentals.
I always take into account fundamentals as well as technicals and we all know data will drive price one way or the other and sometimes not in the direction you expect as professional traders will factor in other things like market sentiment
Don't Leave Money on the Table
  • #827,744
  • May 31, 2024 5:25am May 31, 2024 5:25am
Quoting HaLBot
{quote} Euro/Gbp was being bought over the last 7 hours and on the seventh hour it had it's fill and pulled back allowing Cable to be bought. At this time Euro had better than expected Core Harmonized Index of Consumer Prices (HICP) data so Euro was bought up for about 25 pips so far meaning US dollar sold off. I don't believe trading is just technical but a combination of technicals and fundamentals. I always take into account fundamentals as well as technicals and we all know data will drive price one way or the other and sometimes not in the...
Ok i understand now. Thank you for the response.
  • #827,745
  • May 31, 2024 5:27am May 31, 2024 5:27am
Closing range friday


buyers at 1.27
seller at 1.2725
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Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #827,746
  • May 31, 2024 5:28am May 31, 2024 5:28am
Quoting ScalaFX
H4 Old school HnS is beautifly there with target 1.26, maybe Im wrong, I have my best shorts protected
yeap, technically everything is drawn perfectly. Now it's time for the fundamentals, namely PCE. In 2 hours, everything will be resolved. I personally have been accumulating shorts since May 23, as I do not see any adequate reasons for growth.
  • #827,747
  • May 31, 2024 5:34am May 31, 2024 5:34am
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yes yes yes
  • #827,748
  • May 31, 2024 5:39am May 31, 2024 5:39am
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  • #827,749
  • May 31, 2024 5:40am May 31, 2024 5:40am
Quoting Moty
{image}
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Emotional Control. Process, not outcome.
  • #827,750
  • May 31, 2024 5:46am May 31, 2024 5:46am
Quoting Yngwie
Long 1.27000
closed 25p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #827,751
  • May 31, 2024 6:01am May 31, 2024 6:01am
Range 1.2700 ~ 1.2745/1.2770
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #827,752
  • May 31, 2024 6:04am May 31, 2024 6:04am
Anxiety can make you feel you got this
and market will just kick you again

always journal your setup so you can easily trace ur root to success.
Swing Trading // 1 SETUP # UNLIMITED PATIENCE
  • #827,753
  • May 31, 2024 6:06am May 31, 2024 6:06am
it has to go up till 1.2750 before going down
  • #827,754
  • May 31, 2024 6:07am May 31, 2024 6:07am
Quoting Moty
{image}
Moty brother i hope you took that short trade! That MF be paying you now if you did.
  • #827,755
  • May 31, 2024 6:11am May 31, 2024 6:11am
i had closed my short and look for short after 1.2745
  • #827,756
  • May 31, 2024 6:15am May 31, 2024 6:15am
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  • #827,757
  • May 31, 2024 6:21am May 31, 2024 6:21am
Quoting Headland
...over 50% of the day's current fall given back @ the current p/back hi - which is @ the Dly Pivot. 1hr below {image}
Come on bro, now I got this pivot thing happening.
Need an update...
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Compulsions can be hard to resist
  • #827,758
  • May 31, 2024 6:30am May 31, 2024 6:30am
Quoting SmallGains
{quote} Seems unstoppable. Not sure whats the deal with it
the mf stopped
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yes yes yes
  • #827,759
  • May 31, 2024 6:34am May 31, 2024 6:34am
Quoting Moty
{quote} the mf stopped {image}
Yea i took some when it broke back in channel. Cool feature it tell you seller buy strength.
  • #827,760
  • May 31, 2024 7:02am May 31, 2024 7:02am
i should not have closed my shorts .... its perfectly going down
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