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Cable Update (GBPUSD)

  • #854,701
  • Feb 20, 2025 6:23am Feb 20, 2025 6:23am
Short on USD/JPY range, run away if magenta bomb hits
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  • #854,702
  • Feb 20, 2025 6:26am Feb 20, 2025 6:26am
Quoting RoelsMajor
{quote} Strong GBP, might take a lot of big red candles to bring it down, Lel . First trade Long +7 pips, Second trade Short -11 pips, Third trade ongoing Short, SL 5 pips. Tiny range so far only 37 pips.
3rd trade +1 pip. 4th ongoing, Long. The initial analysis in the morning suggested going Long, which seems correct so far, but due to a bearish bias and the M15 trend being bearish, ended up following the bearish direction for 2nd and 3rd trades.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #854,703
  • Feb 20, 2025 6:30am Feb 20, 2025 6:30am
...you can see on dly chart below how y/day's lo met 'buy the dip' demand in those aforementioned coexistent pot rbs zones on the t/f. Next upside pot res zone on this t/f is the one that extends up to 2728, but obviously there are pot res/sbr zones on t/f's below the dly, (30min/1hr/4hr) leading up to that. Other potential res factors above current wkly hi are per graphic below.

dly, then potential res factors graphic below
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Attached Image
Trader with an Edge.
  • #854,704
  • Feb 20, 2025 6:31am Feb 20, 2025 6:31am
Quoting Headland
Hello. Should price break decisively to the upside of 2638 current w hi, the area shown might be a potential rbs area,on any p/back to it from above it. 4hr below {image}

That's the word Bro. RBS

Daily resistance was tested yesteday during late NY session/
Today, those level remain intact.
Thus , we can continue going up, without need to go for another test.

You also pointed it out on the H4 timeframe for clarity.
I really appreciate the effort you put into sharing valuable insights to help others make better trading decisions.

Sometimes, as a newbie, I overlook these levels, but whenever I read your posts, they remind me of key zones I missed.
It helps me realign my trading back on track.

Thanks again for your consistency and dedication!
If not, I’d be one of those misguided people.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,705
  • Feb 20, 2025 6:41am Feb 20, 2025 6:41am
Quoting Pat Chiko
{quote} That's the word Bro. RBS Daily resistance was tested yesteday during late NY session.....
Hi. Thanks for your kind words Pat, but I'm sure you've got it covered. Thanks too for your contributions, I value them also. Enough of the mutual admiration society lol, - others will be telling us to 'get a room!'
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... so 3 x failed upside b/o's of last wk's 2630 hi so far....will we see 4th? Today so far no b/o either way of y/day's hi or lo, but a 1st so far true upside b/o of the asian hi, after a 1st downside p/back to it where it offered rbs support.

1hr below
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Trader with an Edge.
  • #854,706
  • Feb 20, 2025 6:45am Feb 20, 2025 6:45am
Whose father is this?

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Better still, if they are gold-backed dollars, that's the very best option.

P/S the boy on the left is Goreg....?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,707
  • Feb 20, 2025 6:51am Feb 20, 2025 6:51am
...if the recent 1hr/2hr range extremes are as shown, we've basically had 1st a false upside b/o to y/day's/current wkly hi (2638,) and then a 1st false downside b/o to y/day's lo/current wkly lo (2563.)

1hr below
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Trader with an Edge.
  • #854,708
  • Feb 20, 2025 6:56am Feb 20, 2025 6:56am
yes yes yes
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yes yes yes
  • #854,709
  • Feb 20, 2025 6:58am Feb 20, 2025 6:58am
Quoting RoelsMajor
{quote} 3rd trade +1 pip. 4th ongoing, Long. The initial analysis in the morning suggested going Long, which seems correct so far, but due to a bearish bias and the M15 trend being bearish, ended up following the bearish direction for 2nd and 3rd trades.
Late Drama. 4th trade +4 pips. Lel
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #854,710
  • Feb 20, 2025 7:23am Feb 20, 2025 7:23am
Quoting Pat Chiko
Whose father is this? {image} Better still, if they are gold-backed dollars, that's the very best option. P/S the boy on the left is Goreg....?
Lol. There are only about 200,000 tonnes of gold ever mined to date worldwide, and that at current prices is apparently worth 18 trillion dollars. The U.s national debt is currently 37 trillion dollars, and the top 10 or so U.s corporations at valuation are currently worth more than all the gold ever mined to date. Central banks hold only circa 3 trillion of gold, and the rest is in private ownership (jewellery etc...) My point is that there just isnt enough total gold at current prices to cover even the value of the U.s debt let alone U.s money supply/in existence, at current levels. So unless we see some really radical thinking/alternatives, a debt based currency for all industrialized nations is pretty much here to stay.
Trader with an Edge.
  • #854,711
  • Feb 20, 2025 7:36am Feb 20, 2025 7:36am
Quoting BigNumbers
{quote} TP1 1.42855 TP2 1.43149 When it gets to TP1 take partials and move stop to break even
Not looking good. Dollar index is at 3month imbalance. So let's see. Still a chance. Praying.
  • #854,712
  • Feb 20, 2025 7:39am Feb 20, 2025 7:39am
Data looks decent for the USD maybe see a bearish move now?
Insane in the Brain..
  • #854,713
  • Feb 20, 2025 7:56am Feb 20, 2025 7:56am
yes
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yes yes yes
  • #854,714
  • Feb 20, 2025 8:19am Feb 20, 2025 8:19am
Quoting BeeTogether
Data looks decent for the USD maybe see a bearish move now?
SHORT GU yes please...
  • #854,715
  • Feb 20, 2025 8:30am Feb 20, 2025 8:30am
Quoting Waveskierrob
{quote} SHORT GU yes please...
Damn thing not dropping! uSD too weak
Insane in the Brain..
  • #854,716
  • Feb 20, 2025 8:39am Feb 20, 2025 8:39am
Quoting Headland
{quote} Lol. There are only about 200,000 tonnes of gold ever mined to date worldwide, and that at current prices is apparently worth 18 trillion dollars. The U.s national debt is currently 37 trillion dollars, and the top 10 or so U.s corporations at valuation are currently worth more than all the gold ever mined to date. Central banks hold only circa 3 trillion of gold, and the rest is in private ownership (jewellery etc...) My point is that there just isnt enough total gold at current prices to cover even the value of the U.s debt let alone U.s...
Money is debt-based, but it also has real-world backing as long as the private sector creates it.
If you don't pay your loan, someone comes and takes the real thing.
The problem with Fiat money is government greed.
They could fractionate gold to Fiat rather than 1 to 1. The idea is to slow down government abuse.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #854,717
  • Feb 20, 2025 8:44am Feb 20, 2025 8:44am
Nasty PA today
  • #854,718
  • Feb 20, 2025 8:47am Feb 20, 2025 8:47am
Quoting vinesh1
{quote} Not looking good. Dollar index is at 3month imbalance. So let's see. Still a chance. Praying.
We just closed a gap in DXY so lets see
  • #854,719
  • Feb 20, 2025 8:49am Feb 20, 2025 8:49am
Quoting BeeTogether
{quote} Damn thing not dropping! uSD too weak
Weak US$ after Trump's Ukraine comments makes a lot of sense.
  • #854,720
  • Feb 20, 2025 8:51am Feb 20, 2025 8:51am
Quoting Waveskierrob
{quote} SHORT GU yes please...
Yeah, I'm shorting
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