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Cable Update (GBPUSD)

  • #852,961
  • Feb 5, 2025 4:14am Feb 5, 2025 4:14am
Quoting BeeTogether
GU heading to maybe 126 before BoE tomorrow. GJ on the other hand. Trapdoor opened over night to 191!
Hi, well price has stalled re the bulls/uptrend @ the current dly hi, for now @ least....the last gmt+2 price feed 4hr close was a bullish multi-engulf x 3, 14 mins ago or so.

4hr below
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Trader with an Edge.
  • #852,962
  • Feb 5, 2025 4:26am Feb 5, 2025 4:26am
...new current dly hi @ the aforementioned 85.4% (2607-2100 move,) bit deeper into that prev 1hr/4hr/dly sw hi to 2575 = prev res = pot res (dly part.) next fib is the again aforementioned 61.8% of the 2811-2100 move @ 2540.
Trader with an Edge.
  • #852,963
  • Feb 5, 2025 4:40am Feb 5, 2025 4:40am
...nice upside follow thru on that last 4hr close...5min, or if missed the 15min p/backs have just kept giving since asian/current dly lo. Asian hi and y/day hi 1st upside b/o's remains true for now. 61.8% of that 2811-2100 move @ current dly hi.
Trader with an Edge.
  • #852,964
  • Feb 5, 2025 4:45am Feb 5, 2025 4:45am
285 pips range so far this week and month... Expected range this week is 250 - 340 pips... Second sell added at 1.2534... target 1.2444..
Data + Stat + Risk/Emotions Management
  • #852,965
  • Feb 5, 2025 4:47am Feb 5, 2025 4:47am
A bit of a perspective on what London and perhaps will deliver today. GBP getting close to what may be weekly significant price around 1.26 ish. Wednesday sessions should give profits to trend following ideas and systems ; )

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  • #852,966
  • Feb 5, 2025 4:49am Feb 5, 2025 4:49am
Im long

Broke the 4h 200 ema, looks like good trend on the shorter tf.
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  • #852,967
  • Feb 5, 2025 4:54am Feb 5, 2025 4:54am
Start sell 1.2544
  • #852,968
  • Feb 5, 2025 4:54am Feb 5, 2025 4:54am
...it's now a 300pip move up from current wkly lo to current dly/wkly hi. Price not yet in the 4hr or 1hr parts of the prev 1hr/4hr/dly sw hi zone = prev res = pot res that extends up to 2575 (last mth's hi/current yrly hi.) The blue zone @ top of 1hr chart below is an untested prev 1hr minor sw hi zone = prev res from 7th Jan.

1hr below
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Trader with an Edge.
  • #852,969
  • Feb 5, 2025 4:58am Feb 5, 2025 4:58am
Bulls are killing it. My trades are in drawdown. Waiting.
  • #852,970
  • Feb 5, 2025 4:59am Feb 5, 2025 4:59am
Quoting Dutchy3
A bit of a perspective on what London and perhaps will deliver today. GBP getting close to what may be weekly significant price around 1.26 ish. Wednesday sessions should give profits to trend following ideas and systems ; ) {image}
A weekly to further put into a perspective what we may be experiencing this last fortnight ...

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  • #852,971
  • Feb 5, 2025 5:15am Feb 5, 2025 5:15am
Not to be, my stop @ 1.25300 was taken out. Done for today, looking at a new opportunity over night.

Good luck.
  • #852,972
  • Feb 5, 2025 5:23am Feb 5, 2025 5:23am
...as below

Potential res factors to the upside of current dly hi, and 10/20/40 ema crosses graphic below.
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Trader with an Edge.
  • #852,973
  • Feb 5, 2025 5:31am Feb 5, 2025 5:31am
...as Yoda might have said '..not a shit do I give...,' but amusingly someone has disliked the facts that I posted below earlier - lol! How can anyone dislike fact? Opinion yes, but facts, - really!? Must have been someone who is short from lower down, or someone who shorted @ that 61.8% fib, or someone who is operating on the lower t/f's and missed those p/backs? Whoever, I would fear for their journey thru life (if I gave a shit,) let alone trading, if facts bother them!
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Trader with an Edge.
  • #852,974
  • Feb 5, 2025 5:36am Feb 5, 2025 5:36am
Zebi was right all along ... Never argue with a contrarian
Consistency isn't Glamorous But That's How Legends are Made
  • #852,975
  • Feb 5, 2025 5:49am Feb 5, 2025 5:49am
Quoting JeremiaDa
Zebi was right all along ... Never argue with a contrarian
Hi, yeh whatever. Most so-called self-styled contrarians I have come across don't like actual facts, they make their own up and repeat them, hoping that that act alone will turn them into actual facts, lol! They must be so riddled/consumed by their own insecurities to do so, and are more often than not very vocal. They shall remain nameless cause I don't want to get into it with anyone, particularly liars, but there are some here, and one in particular who repeats falsehoods over and over, relying on the fact that no one can be arsed scrolling back sometimes weeks/months to see the actual truth. They also blatantly make things up about others relying on the same understandable interia. There are very few genuine contrarians, but those that there are do not distort the truth/facts, but construct a counter-argument/narrative despite the prevailing evidence/facts.
Trader with an Edge.
  • #852,976
  • Feb 5, 2025 6:09am Feb 5, 2025 6:09am
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  • #852,977
  • Feb 5, 2025 6:17am Feb 5, 2025 6:17am
Quoting Headland
{quote} Hi, yeh whatever. Most so-called self-styled contrarians I have come across don't like actual facts, they make their own up and repeat them, hoping that that act alone will turn them into actual facts, lol! They must be so riddled/consumed by their own insecurities to do so, and are more often than not very vocal. They shall remain nameless cause I don't want to get into it with anyone, particularly liars, but there are some here, and one in particular who repeats falsehoods over and over, relying on the fact that no one can be arsed scrolling...
haha you're right.."consumed by their insecurities
Consistency isn't Glamorous But That's How Legends are Made
  • #852,978
  • Feb 5, 2025 6:27am Feb 5, 2025 6:27am
Pull back to 1.25227 and up up and away
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yes yes yes
  • #852,979
  • Feb 5, 2025 6:40am Feb 5, 2025 6:40am
Quoting Pat Chiko
{quote} GJ Sure you have good sleep last night, with this worthy set up and result{image} p/s I just observe on the thought process. No trades taken from here. Learning from the Bees.
GJ

Long/Short set up

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P/S Not signal, just trying some luck
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,980
  • Feb 5, 2025 6:42am Feb 5, 2025 6:42am
Quoting Headland
{quote} Hi, yeh whatever. Most so-called self-styled contrarians I have come across don't like actual facts, they make their own up and repeat them, hoping that that act alone will turn them into actual facts, lol! They must be so riddled/consumed by their own insecurities to do so, and are more often than not very vocal. They shall remain nameless cause I don't want to get into it with anyone, particularly liars, but there are some here, and one in particular who repeats falsehoods over and over, relying on the fact that no one can be arsed scrolling...
Great post, contender for "Post of the Week" award...
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