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Cable Update (GBPUSD)

  • #859,581
  • May 13, 2025 11:43am May 13, 2025 11:43am
Quoting Traderview
{quote} Sold @ 1.3268 SL 30 PIPS TP 50 pips. Lets see
gap being filled
  • #859,582
  • May 13, 2025 12:02pm May 13, 2025 12:02pm
...Price could well close the day as a bullish engulfing on the dly t/f? Descending 4hr t/lines breached to the upside in strong > 30day adr move up today....with a 5th consecutive bullish candle close now on gmt+3hrs price feed 4hr t/f. Price now challenging the prev 1hr/4hr sw hi zone = pot res that leads up to current wkly hi.
Price is right now above the 50% of the total recent 3444-3139 fall move and Dly R1, with Wkly Pivot @/around 3305, and Dly R2 @/around 3365.

Dly then 4hr below
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Trader with an Edge.
  • #859,583
  • May 13, 2025 12:36pm May 13, 2025 12:36pm
Quoting Abeylyn
{quote} Yes, same perspective from here though looking a little aggressive. I wish to know the trick to really doing it your way to avoid being bashed... I will be looking for price reaction to take a Short from here which will definitely make my stop loss to be higher.
The bull has the day. There was no opportunity for me to go Short since MM supported the bull...

However, I will continue to look for Short since my 4hour trend is still pointing to the downside.

Asian open may do the magic.
Market Structure is the King.....
  • #859,584
  • May 13, 2025 12:58pm May 13, 2025 12:58pm
Quoting Traderview
{quote} Sold @ 1.3268 SL 30 PIPS TP 50 pips. Lets see
SL hit.
  • #859,585
  • May 13, 2025 12:59pm May 13, 2025 12:59pm
Quoting Abeylyn
{quote} The bull has the day. There was no opportunity for me to go Short since MM supported the bull... However, I will continue to look for Short since my 4hour trend is still pointing to the downside. Asian open may do the magic.
tomorrow man
  • #859,586
  • May 13, 2025 1:02pm May 13, 2025 1:02pm
Will hold on to these trades over night
Insane in the Brain..
  • #859,587
  • May 13, 2025 1:10pm May 13, 2025 1:10pm
Quoting Traderview
{quote} tomorrow man
It is very clear and comes with an improved price during Asian but sometimes becomes deadly if London open goes in opposite direction.

I should be able to handle it.
Market Structure is the King.....
  • #859,588
  • May 13, 2025 1:52pm May 13, 2025 1:52pm
[quote=Wavegarrick;15238246]
Quoting Wavegarrick
{quote} Scammer MF's have been at it again. Dirty moves by the market fundi's and price manipulation. Nevertheless, all good with above trade locked at b/even and some. My target remains 1.35425. Have a great week. Cheers. {image}
No reason for me to become bearish on GU. We are in the 4th week of consolidation on the weekly time frame and so far, a nice candle rejection of the 1.31 area.
I am waiting for a breakout either this week or next week for the next leg up. The previous consolidation went into the 5thh week. Only a close and hold below 1.31 will change my bullish stance.
Trade safe.
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Trade to trade another day
  • #859,589
  • May 13, 2025 2:52pm May 13, 2025 2:52pm
Trump's got to have a 10% or more tariff when none existed before, and tariff is not actually good word like he says.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #859,590
  • May 13, 2025 3:03pm May 13, 2025 3:03pm
[quote=Wavegarrick;15245392]
Quoting Wavegarrick
{quote} No reason for me to become bearish on GU. We are in the 4th week of consolidation on the weekly time frame and so far, a nice candle rejection of the 1.31 area. I am waiting for a breakout either this week or next week for the next leg up. The previous consolidation went into the 5thh week. Only a close and hold below 1.31 will change my bullish stance. Trade safe. {image}
Excellent trading
Leave Israel alone and Palestine will be free
  • #859,591
  • May 13, 2025 3:04pm May 13, 2025 3:04pm
Quoting Bones
Trump's got to have a 10% or more tariff when none existed before, and tariff is not actually good word like he says. {image}
Great analysis
Leave Israel alone and Palestine will be free
  • #859,592
  • May 13, 2025 6:37pm May 13, 2025 6:37pm
There are no bears in sight on M5 and M15, so GU may push toward 1.33600, same for EU > 1.12460
  • #859,593
  • May 13, 2025 9:33pm May 13, 2025 9:33pm
[quote=Forgediron;15245430]
Quoting Wavegarrick
{quote} Excellent trading
A word of caution, be aware of posters that only post when in profit....
  • #859,594
  • Edited 11:02pm May 13, 2025 10:36pm | Edited 11:02pm
Quoting Abeylyn
{quote} The bull has the day. There was no opportunity for me to go Short since MM supported the bull... However, I will continue to look for Short since my 4hour trend is still pointing to the downside. Asian open may do the magic.
I am short GU. 1st Takeprofit is 50 pips.

Done all within me in this trade with appropriate stop loss and even if it's not in my favour.... I can't blame myself.
Market Structure is the King.....
  • #859,595
  • May 13, 2025 11:00pm May 13, 2025 11:00pm
[quote=Waveskierrob;15245594]
Quoting Forgediron
{quote} A word of caution, be aware of posters that only post when in profit....

  • #859,596
  • May 13, 2025 11:31pm May 13, 2025 11:31pm
Quoting Abeylyn
{quote} I am short GU. 1st Takeprofit is 50 pips. Done all within me in this trade with appropriate stop loss and even if it's not in my favour.... I can't blame myself.
Trading mates, please let's see your analysis either in favor or against mine for learning purpose...

Thanks.
Market Structure is the King.....
  • #859,597
  • May 13, 2025 11:58pm May 13, 2025 11:58pm
Quoting Abeylyn
{quote} Trading mates, please let's see your analysis either in favor or against mine for learning purpose... Thanks.
Bulls still has the momentum. D1, a small gap was closed at 1.32996, next D1 resistance comes in @1.33775, may even push onto 1.34000. Candle formation on M5 and M15 shows no sign of bears. H1 has the SMA200 coming in at 1.32860, very easy for the bulls to push price higher from there. Lower TF candle formation tells the story. This is a rally-base-rally i.m.o
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  • #859,598
  • May 14, 2025 12:35am May 14, 2025 12:35am
the MMs have done a good job and even lifted the prices above the resistance. red zone turned blue.

we are now in a narrow range (red and blue zone) and today's pendulum movements would not surprise me.

somehow i will already get +20 pips, probably with longs.
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trading is like dancing, don't think and just listen to the music!
  • #859,599
  • May 14, 2025 12:50am May 14, 2025 12:50am
Quoting birdland
the MMs have done a good job and even lifted the prices above the resistance. red zone turned blue. we are now in a narrow range (red and blue zone) and today's pendulum movements would not surprise me. somehow i will already get +20 pips, probably with longs. {image}
yesterday was looking a short side day and was in fact a bull day… now is looking like a bull day…
  • #859,600
  • May 14, 2025 12:51am May 14, 2025 12:51am
Quoting ChiForex
{quote} Don't worry, whatever clowny movements the market does, it's going back there and way lower sooner or later, just like with EU and Gold. Always matter of time, nothing else.
Do you still see 1.30 or 1.31 this week?
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