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Cable Update (GBPUSD)

  • #827,781
  • May 31, 2024 8:07am May 31, 2024 8:07am
...I am my charts' bitch!

gmt+3 4hr just closed as a bullish engulf of the previous 6 candle bodies on that t/f.

4hr below
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Trader with an Edge.
  • #827,782
  • May 31, 2024 8:09am May 31, 2024 8:09am
Quoting askalt1980
{quote} SL at BE {image}

There is a trader Tom Dante who calls himself 'Trader Dante' and he has some harsh words to say about traders who are a hundred pips up and stick the SL at BE.....
He's not really active like he use to be
I don't get it myself, what if there is suddenly positive US news or negative UK news and this plummets so all you make is zero?
Don't Leave Money on the Table
  • #827,783
  • May 31, 2024 8:13am May 31, 2024 8:13am
Considering most of the data was as forecasted the spike up seems a bit strange. But this is Friday
Insane in the Brain..
  • #827,784
  • May 31, 2024 8:15am May 31, 2024 8:15am
Quoting BeeTogether
Considering most of the data was as forecasted the spike up seems a bit strange. But this is Friday
Hi. I think the market read it as inflation coming down as is spending, showing downward pressure on prices as demand is less, hence increases the chance of a June fomc rate cut? Maybe/ Who knows? lol.
Regards,
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Trader with an Edge.
  • #827,785
  • May 31, 2024 8:18am May 31, 2024 8:18am
Quoting BeeTogether
Considering most of the data was as forecasted the spike up seems a bit strange. But this is Friday
and end of the month.

Im still holding my short.
But dont like what i see waiting another hour.
  • #827,786
  • May 31, 2024 8:21am May 31, 2024 8:21am
Quoting Mitiblotch
Price didn't move with EU at all. This week's has been very good for me. Let's see what PCE brings. My bias is long for a few pips spike. I think data will be black or red (Ps. I'm simply thinking aloud).
That was inspired precision in prediction.
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  • #827,787
  • May 31, 2024 8:22am May 31, 2024 8:22am
Quoting BeeTogether
Considering most of the data was as forecasted the spike up seems a bit strange. But this is Friday
It's not strange to me. What was strange to me was the dump on Wednesday without London properly testing structural session highs set by Asia. That signalled more up. If we close bullish today then 2800 will be challenged very soon.
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  • #827,788
  • May 31, 2024 8:23am May 31, 2024 8:23am
Last set of data coming up next week seems a better bet for 126-12550
Insane in the Brain..
  • #827,789
  • May 31, 2024 8:23am May 31, 2024 8:23am
4H
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #827,790
  • May 31, 2024 8:31am May 31, 2024 8:31am
Quoting Pat Chiko
{quote} GU Scalping set up {image} {image}
GU

Scalping with some luck
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #827,791
  • Edited 9:34am May 31, 2024 8:34am | Edited 9:34am
US stocks have just opened but if they continue in a positive tone and US 10year bond yields stay in the red we could see more upside in dollar pairs today
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Don't Leave Money on the Table
  • #827,792
  • May 31, 2024 8:45am May 31, 2024 8:45am
Quoting Moty
{quote} look for vsf indicator on trading view {image}

mf !!!!
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yes yes yes
  • #827,793
  • May 31, 2024 8:45am May 31, 2024 8:45am
Done for the week…
Insane in the Brain..
  • #827,794
  • May 31, 2024 8:49am May 31, 2024 8:49am
this is called ***** C failure with good news....
  • #827,795
  • May 31, 2024 8:50am May 31, 2024 8:50am
Just blind buy by my system. Long 2759. TP 2780.
  • #827,796
  • May 31, 2024 8:52am May 31, 2024 8:52am
Quoting navk
{quote} The daily close is bullish. In this scenario, most of days, price will hit daily r1 Reversal... it depends . Need to watch at r1
It is done.

R1 is tested.

1.2758
Intraday only.
  • #827,797
  • May 31, 2024 9:05am May 31, 2024 9:05am
Sold 1.2759 SL 1.2779
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #827,798
  • May 31, 2024 9:07am May 31, 2024 9:07am
My dear GBP trading friends !

For the first time in the history of humanity, the GBPUSD thread's last 5 pages have ONLY posts without insults and it is cause for a celebration as unique and precious as this moment!!!!!

It is one small step for man, one giant leap for mankind !!

I IMMENSILY liked every single one of the posts from members who have participated in this historic event for which you deserve to be immensely proud.
I clicked more LIKES in this thread today than I have here in the last year thanks you.
My likes are strongly heartfelt, as genuine as your shares are generous and positive and I am so grateful to you all.
Ok, for you who know me, I'm usually laughing, but I am dead serious now for one more second.

Thank you to all who contribute much more to positivity than to negativity, in all form. Like is short and full of enough bad as it is. We are like-minded individuals and that which unites us is greater than that which can devide us.
Each deserves respect and kindness.
Each of us have a precious heart, breathes the same air, cries the same tears, and hurts the same when laughs too much !

Take amazing care of yourselves and let's continue to be kind, for we never know what anyone is living beyond the words...

And with that, I announce in advance the weekend and I wish you the most amazing days and summer!
Happy weekend to all!!
Laugh, live to the fullest every possible second! When things get tough, make sure you have those happy reserves to hold you above water by doubling down on everything good when you can have it !!!
Hold your loved ones more than ever! Happy life to ALLL,!!!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #827,799
  • May 31, 2024 9:11am May 31, 2024 9:11am
Quoting mtako
My dear GBP trading friends ! For the first time in the history of humanity, the GBPUSD thread's last 5 pages have ONLY posts without insults and it is cause for a celebration as unique and precious as this moment!!!!!...
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  • #827,800
  • May 31, 2024 9:11am May 31, 2024 9:11am
Quoting Konichiwhaat
{quote} {image}
My favourite share of the Week!!!

Cheers Konichiwhaat, thank you for putting an extra smile on my face and heart ! and, if I may, here is post in question to make it easier for that smile to be even more contagious!

Simply love it, cheers again !!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
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