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Cable Update (GBPUSD)

  • #859,461
  • May 12, 2025 5:12am May 12, 2025 5:12am
To avoid structure noise, try touse at least the 4hr candle. Treat its wick as the market maker. Stoploss hunting always leaves its clue as a wick. Remember, only big traders can make a wick..most of us trade inside the candle body, not at the top or bottom of the wick. Whether this is true or not,,,everything depends on you
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https://x.com/moneyprinte
  • #859,462
  • May 12, 2025 5:19am May 12, 2025 5:19am
Done for the day.. UJ TP hit. Now I can chill and have a cold glass of ….. water
Insane in the Brain..
  • #859,463
  • May 12, 2025 5:27am May 12, 2025 5:27am
Quoting BeeTogether
Done for the day.. UJ TP hit. Now I can chill and have a cold glass of ….. water
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yes yes yes
  • #859,464
  • May 12, 2025 5:28am May 12, 2025 5:28am
Quoting Guy1969
{quote} That GU low now sets GU Weekly up for 1.38100
Yeah. So long as they cannot close this week below 3162 then bulls are good. For now I'll fold my hands and wait.
  • #859,465
  • May 12, 2025 5:38am May 12, 2025 5:38am
Quoting Moty
{quote} {image}
problem is buying the top.. I agree there is legs for 150 as a minimum
Insane in the Brain..
  • #859,466
  • Edited 5:53am May 12, 2025 5:39am | Edited 5:53am
See those fibs. Now at 38.2%. Hands folded. Watching.

Edit: piercing 3162 doesn't look good. They might make dollar strong this month and send this thing down to at least 61.8% at 2988 area (roughly 3000).
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  • #859,467
  • Edited 6:22am May 12, 2025 5:48am | Edited 6:22am
This pa is again risky for short as no bounce 3160 take care
So let it play
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #859,468
  • May 12, 2025 5:50am May 12, 2025 5:50am
lets share something what to expect after a post drop
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https://x.com/moneyprinte
  • #859,469
  • May 12, 2025 5:51am May 12, 2025 5:51am
I think it's pretty conclusive now that the price movement over the last few months shows that the dollar and US Treasuries are no longer considered safe havens.
  • #859,470
  • May 12, 2025 5:53am May 12, 2025 5:53am
Quoting Mitiblotch
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?
I've still got a long and a short to manage out of. But the profit I made this morning is more than satisfying.
  • #859,471
  • May 12, 2025 5:59am May 12, 2025 5:59am
Long GU at 13146 trying 30-50 pips no risk trade
Insane in the Brain..
  • #859,472
  • May 12, 2025 6:01am May 12, 2025 6:01am
IMO 1.3100 is possible but it should hit 1.3120 and then bounce.
  • #859,473
  • May 12, 2025 6:27am May 12, 2025 6:27am
Market forward looking. Investors want market to stay bullish which it is. USD up, stock market up, Gold is down. This time instead of buying gold, money is in the stock market. Here we go, let's make money.
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  • #859,474
  • May 12, 2025 6:37am May 12, 2025 6:37am
Quoting Fix-it
IMO 1.3100 is possible but it should hit 1.3120 and then bounce.
For that to happen, the GU bears must take 1.31450, and stay below that price. And based on the CHF bid right now, I don't see that happening.
  • #859,475
  • May 12, 2025 6:51am May 12, 2025 6:51am
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yes yes yes
  • #859,476
  • May 12, 2025 7:02am May 12, 2025 7:02am
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yes yes yes
  • #859,477
  • May 12, 2025 7:02am May 12, 2025 7:02am
DXY Weekly. For me it now comes down to timing the market cycle.
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  • #859,478
  • May 12, 2025 7:12am May 12, 2025 7:12am
Investors are putting their money back into stock market. Gold is bearish. Dollar bullish, gbp, eur, jpy bearish. Stock market at 930am opening will be crazy. I have buy positions on Walmart and Coca Cola stocks for a long time now. Will start buying and holding s&p500 and nasdaq 100. Let's make money.
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  • #859,479
  • May 12, 2025 7:51am May 12, 2025 7:51am
sold 1.3196 SL 1.3206
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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