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Cable Update (GBPUSD)

  • #858,841
  • Apr 28, 2025 9:04am Apr 28, 2025 9:04am
Seems this thing somehow wants 3400 but I am not buying it. Every pair is currently winning against the dollar.
  • #858,842
  • Apr 28, 2025 9:11am Apr 28, 2025 9:11am
Quoting Moty
i realy don't understand why i am putting indicator i can istead flip a coin time after time i never learn {image}
No one knows whats going to happen to the right of the current candle, least of all me.
  • #858,843
  • Apr 28, 2025 9:24am Apr 28, 2025 9:24am
And the journey to 1.35 begins?
  • #858,844
  • Apr 28, 2025 9:25am Apr 28, 2025 9:25am
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We cut the winners short and let the losers run.
  • #858,845
  • Apr 28, 2025 9:41am Apr 28, 2025 9:41am
BTW, I didn't know it was going to go up anymore than anyone else here. I just looked at past behaviour of the DXY, and didn't see a reason why it would go back above 100. Maybe it still will. Maybe it won't.
  • #858,846
  • Apr 28, 2025 9:45am Apr 28, 2025 9:45am
mf !!!!
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yes yes yes
  • #858,847
  • Apr 28, 2025 10:09am Apr 28, 2025 10:09am
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You are allowed to fall but you are imposed to get up!
  • #858,848
  • Apr 28, 2025 10:23am Apr 28, 2025 10:23am
Deceptive PA. The temptation is to sell that peak but I don't see why price will get to a 3-year high and stop just short of it. I expect 3429 to be taken out before any serious fall, if there will be any.
  • #858,849
  • Apr 28, 2025 10:34am Apr 28, 2025 10:34am
...back @ desk updating charts and wishing I held that last long,! lol. Anyways, it was a classic pullback wasn't it,? from 3354 to Fri's p/back hi where it encountered 'buy the dip' demand (rbs,) for a further leg north, and the current dly hi testing the prev 1hr/4hr/dly sw hi zone = pot res that extends up to last wk's 3424 hi, and this part of another that extends up to last yr's 3434 hi - and the 1st test and hold as res on it. Some supply again encountered there. Makes for a nice > 30day adr day, and potentially - a bullish engulf dly candle close later?

1hr below
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Trader with an Edge.
  • #858,850
  • Apr 28, 2025 10:37am Apr 28, 2025 10:37am
Quoting msqk
Might be wrong as the market don care... but selling before 3423 might not be high enough from my point of view.
Sitting on my hands monitoring this carefully... from my system the micro have submitted to macro and all in one accord
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #858,851
  • Apr 28, 2025 11:10am Apr 28, 2025 11:10am
Beating the market maker at his own game. My long GU trade hit profit @1.34100
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  • #858,852
  • Apr 28, 2025 11:25am Apr 28, 2025 11:25am
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yes yes yes
  • #858,853
  • Apr 28, 2025 11:26am Apr 28, 2025 11:26am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #858,854
  • Apr 28, 2025 11:26am Apr 28, 2025 11:26am
Quoting Mitiblotch
Deceptive PA. The temptation is to sell that peak but I don't see why price will get to a 3-year high and stop just short of it. I expect 3429 to be taken out before any serious fall, if there will be any.
Indeed
You are allowed to fall but you are imposed to get up!
  • #858,855
  • Apr 28, 2025 11:32am Apr 28, 2025 11:32am
Quoting Mitiblotch
Deceptive PA. The temptation is to sell that peak but I don't see why price will get to a 3-year high and stop just short of it. I expect 3429 to be taken out before any serious fall, if there will be any.
I'm now looking at Weekly level, 1.35500
  • #858,856
  • Apr 28, 2025 11:54am Apr 28, 2025 11:54am
[quote=Wavegarrick;15228599]
Quoting Wavegarrick
{quote} 1.27500 it was to the downside, and I closed two sell trades at decent pips profit. I await my next move. Time is of essence. Cheers. {image] Gu upside on my radar, Cheers {image}
When in doubt. Zoom out. My daily time frame shows a bullish move and if it closes above my black horizontal line at 1.33717 then surely 1.35425 should be on the cards.
Trade safe.
Cheers.
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Trade to trade another day
  • #858,857
  • Apr 28, 2025 12:24pm Apr 28, 2025 12:24pm
Quoting Guy1969
{quote} I'm now looking at Weekly level, 1.35500
Yeah. I think 3500 is almost guaranteed once it breaks and bases over 3429.
  • #858,858
  • Apr 28, 2025 1:13pm Apr 28, 2025 1:13pm
...price probably triggered some very tight buy stops sitting just above last wk's 3424 hi (for short positions) on the move up from the p/back lo @ 3380 to current dly hi which is only just above last wk's said 3424 hi. There could be more? May be some sell limits higher up in the prev dly/wkly/mthkly sw hi zone = prev res = pot res that extends up to 3434 - last yr's hi, and similarly there could be some buy stops above it, and even buy limits re the b/o players? A bullish engulf dly candle close pretty much a certainty now?

4hr below
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Trader with an Edge.
  • #858,859
  • Apr 28, 2025 1:21pm Apr 28, 2025 1:21pm
GBPNZD short, target 2.23400
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  • #858,860
  • Apr 28, 2025 1:32pm Apr 28, 2025 1:32pm
GBPAUD short, target 2.07500
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