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Cable Update (GBPUSD)

  • #856,101
  • Mar 6, 2025 2:19am Mar 6, 2025 2:19am
Quoting firsttimer
USD fall is a little too much. This is also partly it makes me hesitate to short GU. i feel USD will be pushed down abit more before a huge rebound. but nobody knows. Best to think ahead of the different price action that can happen and act accordingly.
Who is the fall 'too much' for? And anyways, if it is 'too much' then surely you should be shorting gbp?
NO, NO, NO, don't think ahead, there are too many possible future price scenarios, and @ worst you can programme your mind to expect one over the other! - As some wise trader once said - 'don't worry about what price is going to do, worry about what you are going to do when it does.'

Think and feel again, lol!
Trader with an Edge.
  • #856,102
  • Mar 6, 2025 2:23am Mar 6, 2025 2:23am
Thursday correction day… will see what corrections happen with my GJ long TP still near 193 but will look for 19250 if there the steam runs out
Insane in the Brain..
  • #856,103
  • Mar 6, 2025 2:26am Mar 6, 2025 2:26am
Quoting MoneyPrinte
{quote} GJ.... {image}
GJ
fake or true rejection
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  • #856,104
  • Mar 6, 2025 2:30am Mar 6, 2025 2:30am
Quoting MoneyPrinte
{quote} Anyway, price go up more and hit the stop-loss..Just adapt to whatever happen {image}

SL moves to profit...risk free
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  • #856,105
  • Mar 6, 2025 2:34am Mar 6, 2025 2:34am
2845
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2845
Leave Israel alone and Palestine will be free
  • #856,106
  • Mar 6, 2025 2:39am Mar 6, 2025 2:39am
...trying to tell traders not to think, feel, or expect, (or indeed predict,) is like trying to tell the homeless that drinking can lower your body temperature, and make you colder at night, - You get very little thanks for either, lol, and actually - in a lot of cases - they can't help themselves!
--------------------------------------------------------------------

... 3 fib cluster @ current dly lo...there is a repeating pattern of 1hr bullish hidden div present there but this could develop further on any deeper drop in price and may stay valid whilst price above 2806.

1hr below
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Trader with an Edge.
  • #856,107
  • Mar 6, 2025 2:40am Mar 6, 2025 2:40am
Quoting Moty
{image}
Told you mf
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yes yes yes
  • #856,108
  • Mar 6, 2025 2:43am Mar 6, 2025 2:43am
Quoting Headland
...trying to tell traders not to think, feel, or expect, (or indeed predict,) is like trying to tell the homeless that drinking can lower your body temperature, and make you colder at night, - You get very little thanks for either, lol!
Frank would say, you didn't drink enough
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Leave Israel alone and Palestine will be free
  • #856,109
  • Mar 6, 2025 3:01am Mar 6, 2025 3:01am
Quoting MoneyPrinte
{quote} Cut loss early, don’t hold tight Supply breaks—no use to fight A smaller loss, a lesson learned Protect your stack, the tide will turn change to chfjpy {image} {image}
The moment you cut loss, the charts come alive
Revealing the path you fought to survive
A whisper too late, the trend takes its flight
Dancing away, just out of your sight.
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  • #856,110
  • Mar 6, 2025 3:05am Mar 6, 2025 3:05am
GBPUSD too slow. GBPCHF much quicker. Know where you are on the chart

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  • #856,111
  • Mar 6, 2025 3:10am Mar 6, 2025 3:10am
...

* Main intraday move is currently down.
* Current dly lo becomes a prev (currently minor) sw lo = pot supp on 30min now.
* 1 x false 1hr upside b/o of asian hi so far today, and well as 3 x false 1hr upside b/o's of y/day's hi. 1 x 1st b/o of asian lo to current dly lo.
* Price remains above last wk's 2716 hi.
* 61.8% of the last yr hi - current yrly lo move, 3434-2100, @ current dly hi.
* Dly in general uptrend, 4hr currently in a classic uptrend, 1hr in a general uptrend.

dly below
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Trader with an Edge.
  • #856,112
  • Mar 6, 2025 3:42am Mar 6, 2025 3:42am
...the prev 1hr minor sw lo zone = pot sbr @ asian lo, and on it's approach, has been causing the bulls some grief,- visible on the lower t/f's re the move up/bounce attempt from 2865 current dly lo.

1hr below
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Trader with an Edge.
  • #856,113
  • Mar 6, 2025 3:52am Mar 6, 2025 3:52am
1.28 or 1.3 after NFP
  • #856,114
  • Mar 6, 2025 4:03am Mar 6, 2025 4:03am
GBPUSD
Only probabilities—failure can happen anytime, any moment. Just manage risk to survive
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  • #856,115
  • Mar 6, 2025 4:40am Mar 6, 2025 4:40am
GJ some resistance at 19060 failed to break it 3 times so far
Insane in the Brain..
  • #856,116
  • Mar 6, 2025 4:46am Mar 6, 2025 4:46am
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  • #856,117
  • Mar 6, 2025 6:13am Mar 6, 2025 6:13am
Quoting MoneyPrinte
GBPUSD Only probabilities—failure can happen anytime, any moment. Just manage risk to survive {image} {image}
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  • #856,118
  • Mar 6, 2025 6:37am Mar 6, 2025 6:37am
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yes yes yes
  • #856,119
  • Mar 6, 2025 6:56am Mar 6, 2025 6:56am
Quoting Reverso
Since 20 Feb 2025, if you have been following my system of buying bits of GU everyday near Open of the market, by now you would have 7 Buy trades indicated by the yellow circle markings (excluding today's Buy), and all 7 of them is in profit as indicated by the Green horizontal line which is the current price. As yesterday was an aggressive up day, placing 1 Sell is recommended in anticipation of trend exhaustion, in dominant uptrend, Buys would outweigh Sells anyway, if the trend remain up, having a few losers from Sells are no big deal, just view...
Anyone actually follows my "buy little bit of GU everyday" strategy?
If yes, congrats that you have been enjoying healthy profits by now after recently strong uptrend impulse.

Defense line for today is at 1.27390, if broken then need to exit all Buys, it is unlikely given it's far away from current price.
Tomorrow the defense line should be much closer to current price, as the price stalls, the indicator detects it and pulls the defense line closer to current price to protect much of the profits, while also striking a healthy balance of giving it enough room to ride the trend.

The trend is your friend, truer words were never spoken.
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Freedom you deserve. All Time Return: 56.8%
  • #856,120
  • Mar 6, 2025 7:19am Mar 6, 2025 7:19am
Quoting MoneyPrinte
{quote} SL moves to profit...risk free {image}
GBPAUD
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