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Cable Update (GBPUSD)

  • #854,061
  • Feb 14, 2025 8:15am Feb 14, 2025 8:15am
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yes yes yes
  • #854,062
  • Feb 14, 2025 8:21am Feb 14, 2025 8:21am
Quoting Moty
{image}
seems to the right range of the day
Insane in the Brain..
  • #854,063
  • Feb 14, 2025 8:27am Feb 14, 2025 8:27am
good day GU traders yesterday's price action broke and closed above the 2-5-25 high, but there is significant resistance from today's close to 1.2614. a daily close above that level increases the probability for price to reach 1.2727-1.2811 resistance and a zone of price imbalance. GTC GU limit buy order @ 1.2486 or better to add another long position. holding longs from 1.2165, 1.2245, 1.2377, 1.2423, and 1.2457. short term objective is to hold all positions into the 2nd target area with first take profit @1.3227 no volume imbalance level, dependent on price structure. daily bars, small positions, ladder into trends, catalyst is inconsequential, fundamental's are subjective. "old man shit" good fortune today, a reminder GBP futures roll over during New York session. crypto note buy XRP
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"The Rich Never Pay Retail"
  • #854,064
  • Feb 14, 2025 8:39am Feb 14, 2025 8:39am
Is this ever going to relent? It an almost 300 pip weekly candle and people are buying at the high with one afternoon to go.
  • #854,065
  • Edited 9:20am Feb 14, 2025 8:40am | Edited 9:20am
test breaks area 2619 , watching if direct or any reaction around before next level 2653/68 next target!
reacted so correction to next support can be 2590
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #854,066
  • Edited 8:52am Feb 14, 2025 8:41am | Edited 8:52am
Quoting W0lfram
Scalping shorts today
short 1.2615, leaving it till Monday maybe. My entropy indi suggests a bit of chaos, when reading is ~0.0005
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so, buys from 1.237 is locked, aiming to catch some pullback then riding further
Air force
  • #854,067
  • Feb 14, 2025 8:43am Feb 14, 2025 8:43am
If we look at recent data for USA, now that I did my homework, things are falling and cooling off, which means that dollar is bearish. Pound and Euro are benefitting from that, probably not because their economy is stronger, but they benefit from Dxy weakness. Either way gbpusd bullish all the way up to 1.33, maybe even above that.
  • #854,068
  • Feb 14, 2025 8:44am Feb 14, 2025 8:44am
Price breaking above H4 R1 indicates an extrastrength trend. We may see a rise further with this momentum. I will look in the next 4 hour candle to see if price has moved to the monthly mid-R2 level for a possible short.

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  • #854,069
  • Feb 14, 2025 8:45am Feb 14, 2025 8:45am
Quoting ThaoAnh
{quote} {image}
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  • #854,070
  • Feb 14, 2025 8:48am Feb 14, 2025 8:48am
Quoting MrFanciful
Is this ever going to relent? It an almost 300 pip weekly candle and people are buying at the high with one afternoon to go.
Yes and they are doing very well...
  • #854,071
  • Feb 14, 2025 8:49am Feb 14, 2025 8:49am
Quoting ThaoAnh
{quote} {image}
youve been killing it in every pair you trade

nice to see a new member trading so well in real time

has your dad finally relented and given you money for a new account?

if not tell him to come here and we'll convince him you're very good
short trump and go long the deepstate
  • #854,072
  • Feb 14, 2025 8:53am Feb 14, 2025 8:53am
Quoting Waveskierrob
{quote} Yes and they are doing very well...
I know. Maybe just spamming buy with the 9ema is above the 22ema on the 1 minute timeframe is the proper way to trade.
  • #854,073
  • Feb 14, 2025 8:55am Feb 14, 2025 8:55am
Quoting MrFanciful
{quote} I know. Maybe just spamming buy with the 9ema is above the 22ema on the 1 minute timeframe is the proper way to trade.
I hate to say anything negative but "No"...
  • #854,074
  • Feb 14, 2025 8:57am Feb 14, 2025 8:57am
Quoting MrFanciful
Is this ever going to relent? It an almost 300 pip weekly candle and people are buying at the high with one afternoon to go.
your describing something that you shouldn't try and short
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #854,075
  • Feb 14, 2025 8:58am Feb 14, 2025 8:58am
Quoting Waveskierrob
{quote} I hate to say anything negative but "No"...
If I had done that this week I would probably have made quite a bit given the straight line runs its done almost every New York open. I probably wouldn't have blown the 10 accounts that I have.
  • #854,076
  • Feb 14, 2025 8:59am Feb 14, 2025 8:59am
Quoting MrFanciful
{quote} If I had done that this week I would probably have made quite a bit given the straight line runs its done almost every New York open. I probably wouldn't have blown the 10 accounts that I have.
"if".... so why didn't you then...
  • #854,077
  • Feb 14, 2025 9:00am Feb 14, 2025 9:00am
Quoting Bones
{quote} your describing something that you shouldn't try and short
Ok so buy at the high and sell at the low
  • #854,078
  • Feb 14, 2025 9:00am Feb 14, 2025 9:00am
any books you would recommend to help with trading?
Wisdom begins in wonder.
  • #854,079
  • Feb 14, 2025 9:01am Feb 14, 2025 9:01am
Quoting Georginson
i give up on Dollar... There is no saving it. Positive News it Drops, Negative News it drops.
This is a bullish break out, i was fooled by good fundamentals... But hey, i have added second sell at 1.2628... target 1.2500. i know price will return to 1.2400 in few days time before further bull run.
Data + Stat + Risk/Emotions Management
  • #854,080
  • Feb 14, 2025 9:05am Feb 14, 2025 9:05am
Quoting Georginson
{quote} This is a bullish break out, i was fooled by good fundamentals... But hey, i have added second sell at 1.2628... target 1.2500. i know price will return to 1.2400 in few days time before further bull run.
If I may correct you, US economy numbers are falling or cooling off. That is bearish for the dollar. This is why gbp and eur are benefitting from it. Maybe I am wrong.
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