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Cable Update (GBPUSD)

  • #859,601
  • May 13, 2025 10:52pm May 13, 2025 10:52pm
Quoting Fishbones
{quote} yesterday was looking a short side day and was in fact a bull day… now is looking like a bull day…

no, yesterday was a bull day with clear sight and resistance far away.
trading is like dancing, don't think and just listen to the music!
  • #859,602
  • May 13, 2025 10:54pm May 13, 2025 10:54pm
Quoting Georginson
{quote} DXY will rocket up to 102.50 in May... This will bring GU down to 1.2850 area and EU to 1.10 area ... The sell of will be very quick and aggressive like 4th to 7th of April correction.
dxy is in 102 area but gbpusd didn t drop. What’s your opinion on this?
  • #859,603
  • May 13, 2025 10:55pm May 13, 2025 10:55pm
Quoting birdland
{quote} no, yesterday was a bull day with clear sight and resistance far away.
and today?…
  • #859,604
  • May 13, 2025 10:59pm May 13, 2025 10:59pm
Quoting Fishbones
{quote} and today?…

at the moment a pendulum between 1.3300- 1.3323.

but i expect more a break to the upside and then i will position myself.

if its breaking the lower band 1.3300, then i will probably go short.
trading is like dancing, don't think and just listen to the music!
  • #859,605
  • May 13, 2025 11:02pm May 13, 2025 11:02pm
Quoting Fishbones
{quote} Do you still see 1.30 or 1.31 this week?
...again be aware of posts like these, folks like to think they can predict the markets and yes it may very well hit 1.30 but when 1 week, 1 month, 1 year, 10 years ???, so the post is useless, you'll find you won't hear from them until it hits 1.30 or it's been so long they hope folks would have forgotten their prediction watch the markets and trade what you see, not want you hope tosee..
  • #859,606
  • May 13, 2025 11:09pm May 13, 2025 11:09pm
Quoting birdland
{quote} at the moment a pendulum between 1.3300- 1.3323. but i expect more a break to the upside and then i will position myself. if its breaking the lower band 1.3300, then i will probably go short.
That means Price Reaction around your Support and Resistant zone is key in determination of your trading plan.....
Market Structure is the King.....
  • #859,607
  • May 13, 2025 11:19pm May 13, 2025 11:19pm
Quoting Abeylyn
{quote} That means Price Reaction around your Support and Resistant zone is key in determination of your trading plan.....
yes, it helps a lot. but drawing the "right" zones is a lot of practizing.
trading is like dancing, don't think and just listen to the music!
  • #859,608
  • May 13, 2025 11:19pm May 13, 2025 11:19pm
still holding this, the proxies are well but ......???
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,609
  • May 13, 2025 11:22pm May 13, 2025 11:22pm
looking to go long in GU at or around the Pivot area
Insane in the Brain..
  • #859,610
  • May 13, 2025 11:25pm May 13, 2025 11:25pm
Quoting BeeTogether
looking to go long in GU at or around the Pivot area
Buddy,

Your daily pivot is positioned at what price ?

Just to be sure we are seeing same.

Nice day trading bro.
Market Structure is the King.....
  • #859,611
  • May 13, 2025 11:34pm May 13, 2025 11:34pm
Range 1.3250 ~ 1.3340
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,612
  • May 14, 2025 12:18am May 14, 2025 12:18am
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  • #859,613
  • May 14, 2025 12:23am May 14, 2025 12:23am
shorted 3305 for 3200 sl 3345
People don't plan to lose. They lose because they don't plan.
  • #859,614
  • May 14, 2025 12:29am May 14, 2025 12:29am
This is a bull by every count. We'll be lucky to get a dump to 3200 area to form a right shoulder (buy entry) on the 4hr charts for a possible SHS pattern.

Daily
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4hr chart
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  • #859,615
  • May 14, 2025 12:36am May 14, 2025 12:36am
Quoting Abeylyn
{quote} Buddy, Your daily pivot is positioned at what price ? Just to be sure we are seeing same. Nice day trading bro.
I got 13265-13270 as pivot area
Insane in the Brain..
  • #859,616
  • May 14, 2025 12:52am May 14, 2025 12:52am
No data today but it seems plenty of Fed folk speaking. Might see a tighter range unless their tone changes?
Insane in the Brain..
  • #859,617
  • May 14, 2025 1:03am May 14, 2025 1:03am
G/M, upside follow-thru (so far @ least) on y/day's bullish thrust dly candle. Today, a move down past Asian lo (tight Asian session range,) @ London forex open, the market picking up some rbs liquidity in a prev 1hr/4hr sw hi zone = pot rbs and then up. Price challenging the 4hr part of a prev 1hr/4hr sw hi zone = pot res now @ current dly hi after the upside b/o of Asian hi. Price now above the 61.8% of the recent 3444-3139 move.

4hr below
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Trader with an Edge.
  • #859,618
  • May 14, 2025 1:08am May 14, 2025 1:08am
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.
25 pips stop loss hit...
Market Structure is the King.....
  • #859,619
  • May 14, 2025 1:12am May 14, 2025 1:12am
Anyone know what happened to the Yen pairs? A drop out of nowhere
Insane in the Brain..
  • #859,620
  • May 14, 2025 1:14am May 14, 2025 1:14am
...so 1st and 2nd downside b/o of last wk's lo was false with price eyeing last wk's 3402 hi now? There is bullish hidden div @ this week's current lo on the dly t/f.
1st upside b/o of today's asian hi is true so far. 2nd upside b/o of y/day's hi remains true too so far. Price opened above the Dly pivot and is now above the Wkly pivot again after dipping below it to the current dly lo. It remains above the Mthly Pivot and Yrly R1 too.

1hr below
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Trader with an Edge.
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