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Cable Update (GBPUSD)

  • #859,281
  • May 8, 2025 2:51am May 8, 2025 2:51am
Quoting 1 in 1 out
{quote} What wish would that be?
He's been looking for GU to fall to at least 1.32 for a few weeks now after the Dollars "Liberation Day" drops.

Weekly chart looks like we could make a move down to the mid-to-low 1.31 range, but obviously, it depends on institutional appetite for the dollar. We could even head to 1.29-1.30 range. Who knows? Or maybe we're establishing a new floor?
  • #859,282
  • May 8, 2025 3:07am May 8, 2025 3:07am
Quoting Theoak
Awaiting set up ready to pull the trigger!
Long in at 1.3294
Don't trade what you think. Just what you see!!!
  • #859,283
  • May 8, 2025 3:15am May 8, 2025 3:15am
I'm long, but I don't like it.
  • #859,284
  • May 8, 2025 3:17am May 8, 2025 3:17am
Quoting Theoak
{quote} Long in at 1.3294
20 pip loss
Don't trade what you think. Just what you see!!!
  • #859,285
  • May 8, 2025 3:23am May 8, 2025 3:23am
i took this and went to sleep
i woke uo and saw i went well
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yes yes yes
  • #859,286
  • May 8, 2025 3:30am May 8, 2025 3:30am
SL hit for BE
  • #859,287
  • May 8, 2025 3:33am May 8, 2025 3:33am
Quoting msqk
Yesterday's bull's macro aggression left the micro in a puzzle. However the micro have to align accordingly for the market to be harmonized, hence the range. With that in mind, though a valid bear breakout at 3351, equilibrium proxies are contradicting. So m waiting..... {image}
My skepticism was proofed wrong, and as someone quoted " IT IS BETTER TO WISH IN WHEN THINGS GOES WELL,THAN TO WISH OUT WHEN THINGS GOES BERSERK'' It's a running process and there is always another chance
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,288
  • May 8, 2025 3:40am May 8, 2025 3:40am
"The big money is not buying
Or selling, But in the waiting."
Have patience.
  • #859,289
  • May 8, 2025 3:47am May 8, 2025 3:47am
Closely watching the proxies 3345 H4 and 3334 H1, currently the bears are leaping their patience,for bulls no chance as their hope is wrongly placed at premiums level at 3355.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,290
  • May 8, 2025 3:48am May 8, 2025 3:48am
I'm thinking at least 1.3250-55
  • #859,291
  • May 8, 2025 3:48am May 8, 2025 3:48am
GU
Going much lower, dxy seems to agree
hourly
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I only follow traders with IQ above 160
  • #859,292
  • Edited 4:42am May 8, 2025 3:59am | Edited 4:42am
Quoting Abeylyn
{quote} Yeah! the level is significant but price reaction at that level is much more important to me.. to avoid being slashed. I will be patient to Sell at any region that will be set by price today. We have 3 different levels of interest for me but basically the one set by price exhaustion is key.. Have a nice pipping day buddy.
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Here is my 15 min. chart.

Still waiting for an opportunity to go short...

Hopefully achieved during news release.

I have a Sell limit order @ 1.334x. That should equate a re-visit of the current upper zone.

May also Short around 5618 1.3319/33 depending on price movement.
Market Structure is the King.....
  • #859,293
  • May 8, 2025 5:02am May 8, 2025 5:02am
I hate PA like this. I get slaughtered.
  • #859,294
  • May 8, 2025 5:32am May 8, 2025 5:32am
Looking at price I can see multiple bottoms at 3250. To me, there is a 95% chance they'll be taken out. Price should hit near 3210. I'm still holding a long trade but have a short trade to hit this TP just for the fun of it. Making money is fun, isn't it?
  • #859,295
  • May 8, 2025 5:34am May 8, 2025 5:34am
Short in at 1.3289
Don't trade what you think. Just what you see!!!
  • #859,296
  • May 8, 2025 5:49am May 8, 2025 5:49am
Quoting MoneyPrinte
{image}
price can spike up but can do a rejection also,,dont know wc one market will do
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https://x.com/moneyprinte
  • #859,297
  • May 8, 2025 5:58am May 8, 2025 5:58am
Quoting Yngwie
Long 1.3268
Closed 20p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,298
  • May 8, 2025 6:04am May 8, 2025 6:04am
Quoting Moty
i took this and went to sleep i woke uo and saw i went well {image}
crooky mf
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yes yes yes
  • #859,299
  • May 8, 2025 6:08am May 8, 2025 6:08am
Quoting MoneyPrinte
{quote} price can spike up but can do a rejection also,,dont know wc one market will do {image}
ouchh..
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https://x.com/moneyprinte
  • #859,300
  • May 8, 2025 6:10am May 8, 2025 6:10am
Quoting birdland
a lot of ADR has already been done in asia today, but i still expect a long day and space up to the red zone to 1.3370-80, hopefully before the BOE session. {image}

despite it was easier to short this morning i made some pips.

closed before the red news came and the target was reached (m15 chart). but good day
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trading is like dancing, don't think and just listen to the music!
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