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Cable Update (GBPUSD)

  • #859,361
  • May 9, 2025 8:02am May 9, 2025 8:02am
Still no sign of bears
  • #859,362
  • May 9, 2025 8:10am May 9, 2025 8:10am
Quoting MoneyPrinte
It seems interesting if fibo can gve a sharp rejection {image}
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https://x.com/moneyprinte
  • #859,363
  • May 9, 2025 8:14am May 9, 2025 8:14am
US10Y H4 Bond Yields. Had a breakout yesterday with some heavy bond selling, explains the strong dollar bid yesterday, that held for most of this morning, but some bond buying coming in now.
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  • #859,364
  • May 9, 2025 8:19am May 9, 2025 8:19am
...as the chart in my post above shows, price is back inside and near the top (@ current dly hi) of the wide 4hr part of the prev 1hr/4hr/dly sw lo zone that runs down to 3233 ,and which provided support 12 times when tested from above it before the break of it to the downside where it met demand @ the current dly/wkly/mthly lo.

Price hasn't bothered again the asian hi following the 1st upside b/o of it. This followed a strong bounce up from today's asian/current dly lo which resulted in a failed 1st downside b/o of y/day's 3236 lo. Re 4hr chart in post above, a couple of fibs met @ current dly hi.

1hr below
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Trader with an Edge.
  • #859,365
  • May 9, 2025 8:29am May 9, 2025 8:29am
Quoting Yngwie
Sold 1.3271
that's it for this week. loss -20p.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,366
  • Edited 9:08am May 9, 2025 8:41am | Edited 9:08am
Daily pivot 3280. I expect 20 pips above it being 3300 and then dump to 3162. Just a forecast. Closing above 3300 won't be nice for bears.

Edit: corrected the figures.
  • #859,367
  • May 9, 2025 8:47am May 9, 2025 8:47am
Collect protect. lets see how it goes
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We cut the winners short and let the losers run.
  • #859,368
  • May 9, 2025 8:50am May 9, 2025 8:50am
Quoting Ryd3n
Collect protect. lets see how it goes {image}
That looks like RCI?
  • #859,369
  • May 9, 2025 9:00am May 9, 2025 9:00am
Quoting Guy1969
{quote} That looks like RCI?
You mean RSI? No that are stochastic oscillators for multi time frames.
We cut the winners short and let the losers run.
  • #859,370
  • May 9, 2025 9:06am May 9, 2025 9:06am
Quoting Ryd3n
{quote} You mean RSI? No that are stochastic oscillators for multi time frames.
Rank Correlation Index (RCI) looks similar. Was just curious. Tx
  • #859,371
  • May 9, 2025 9:18am May 9, 2025 9:18am
Quoting Headland
...as the chart in my post above shows, price is back inside and near the top (@ current dly hi) of the wide 4hr part of the prev 1hr/4hr/dly sw lo zone that runs down to 3233 ,and which provided support 12 times when tested from above it before the break of it to the downside where it met demand @ the current dly/wkly/mthly lo. Price hasn't bothered again the asian hi following the 1st upside b/o of it. This followed a strong bounce up from today's asian/current dly lo which resulted in a failed 1st downside b/o of y/day's 3236 lo. Re 4hr chart...
Still have your hater in tow, been awhile now, you must really wind him/her/them/they up, wish I had a long term hater...
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  • #859,372
  • May 9, 2025 9:29am May 9, 2025 9:29am
ok last trade sold 1.3315 SL 1.3335
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,373
  • May 9, 2025 9:31am May 9, 2025 9:31am
Quoting Abeylyn
{quote} Currently at 1.3279 Intraday high for GU. Can these level be sustained before price will continue downwards. ? Watching passionately to see the intervention of Market Mover to enable me go Short again...
Still looking for an opportunity to Short. The MM are not supporting Short ATM.
Market Structure is the King.....
  • #859,374
  • May 9, 2025 9:40am May 9, 2025 9:40am
[quote=Abeylyn;15241535]
Quoting birdland
{quote} dear trader, you're up early. i couldn't do that. i only trade from frankfurt/london open to london close[/quo Great Friend, Market has been crazy lately and it would be suicidal for me to have a trade open and sleep throughout the Asian session. Yours is the ideal time to trade and pick the best but the Asian movers can be disastrous to existing open trades. I will be Selling again today with any pullback until touch of Daily key level. Where is your next Daily Support. ? Have a nice pipping day friend.

my friend,

today i was completely wrong. i closed out -14 pips early on and then went out to do some sports.

have a nice weekend.
trading is like dancing, don't think and just listen to the music!
  • #859,375
  • May 9, 2025 9:46am May 9, 2025 9:46am
Quoting Abeylyn
{quote} Still looking for an opportunity to Short. The MM are not supporting Short ATM.
yes, again logical from the charts to try short again.

i am out long time ago, because i lost today and didnt try it again.
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trading is like dancing, don't think and just listen to the music!
  • #859,376
  • May 9, 2025 9:48am May 9, 2025 9:48am
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yes yes yes
  • #859,377
  • May 9, 2025 10:03am May 9, 2025 10:03am
Quoting Moty
{image}

that the area which could be great to short from 13340-60.
Insane in the Brain..
  • #859,378
  • May 9, 2025 10:12am May 9, 2025 10:12am
daily ADR optimum reached...so last 3 days this was often the turning point:
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trading is like dancing, don't think and just listen to the music!
  • #859,379
  • May 9, 2025 10:51am May 9, 2025 10:51am
H1 long i said last evening
  • #859,380
  • May 9, 2025 10:51am May 9, 2025 10:51am
Quoting birdland
{quote} yes, again logical from the charts to try short again. i am out long time ago, because i lost today and didnt try it again. {image}
Price has not given a Sell signal today....And I did not sight the Buy trade on time...

I will give reasons why I decided not to Sell.

So sorry for the loss. It's a factor that always affects my mental and emotional state calling for brain reset. I feel your pain buddy.
Market Structure is the King.....
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