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Cable Update (GBPUSD)

  • #859,641
  • May 14, 2025 4:03am May 14, 2025 4:03am
Quoting genadi
{quote} I have no idea why GU price dropped few days ago, neither i have idea why price is moving up now.
Hi. So it's a good thing then that in technical trading, we don't have to.
----------------------------------------------------------------------------------

....may have been some tight stops triggered just above that prev sw hi zone, @ the descending t/line / Dly R1 - these both @ current dly hi. Gmt+3hrs price feed 4hr just closed bullishly. 54% of 30day adr traveled so far today, 97% of 13wk awr so far this week.

4hr (with 10/20/40 ema crosses graphic) below
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Trader with an Edge.
  • #859,642
  • May 14, 2025 4:04am May 14, 2025 4:04am
Quoting BeeTogether
{quote} thing is wasn’t that many years ago that margin call didn’t exist on IG. lol.
really? What they have then?
Always follow your own shit
  • #859,643
  • May 14, 2025 4:09am May 14, 2025 4:09am
Quoting jjoohhnnyy13
{quote} really? What they have then?
basically if you deposited £1000 and traded at £100 a pip over 10 pips down you could have blown your whole account. Nothing in place for a safety like that. Not too many year ago either I’d say around 2019 ish
Insane in the Brain..
  • #859,644
  • May 14, 2025 4:10am May 14, 2025 4:10am
Quoting Waveskierrob
{quote} {image}
thanks, cat.
  • #859,645
  • May 14, 2025 4:19am May 14, 2025 4:19am
GBPUSD daily support MA10 1.3280 and Daily R1 1.3357
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,646
  • May 14, 2025 4:38am May 14, 2025 4:38am
Yen pairs tanked hard with no data.. scratching my head here..looking to go long (using buy the bottom method) but has the drop stalled is the question.. UJ it went from 147x to below146 in a flash
Insane in the Brain..
  • #859,647
  • May 14, 2025 5:01am May 14, 2025 5:01am
...I would think that most of the stops for remaining longer-term short positions are above last wk's 3402/03 hi, and/or above 3444? Wkly R1 is @/around 3398 with Dly R2 @/around 3412. I read some analysis/opinion last week that speculated that 3444 (current yrly hi,) would be hard to break, (?) I don't remember the author/source. Between current dly hi and last wk's hi there are a couple of prev sw hi zones = pot res on 1hr/4hr then 1hr, fibs too, (always!)

1hr above
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Trader with an Edge.
  • #859,648
  • May 14, 2025 5:31am May 14, 2025 5:31am
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}

daily target +20 done with longs...of course much more was in the cards.
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trading is like dancing, don't think and just listen to the music!
  • #859,649
  • May 14, 2025 5:33am May 14, 2025 5:33am
Quoting birdland
{quote} daily target +20 done with longs...of course much more was in the cards. {image}
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  • #859,650
  • May 14, 2025 5:40am May 14, 2025 5:40am
...it's pretty much potential rbs all the way down to circa 3286 on 4hr, - ie just below the current dly lo. Some fibs in there too, not shown on chart below.
These prev sw hi zones are of the previous move down, not the move up, so are generally potentially weaker than those of a move up re ability to offer rbs, over any extended large sample of instances on this and other t/f's. But it does happen - look at current dly lo for eg.

4hr below
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Trader with an Edge.
  • #859,651
  • May 14, 2025 5:54am May 14, 2025 5:54am
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #859,652
  • May 14, 2025 6:00am May 14, 2025 6:00am
...only 55% of 30day adr traveled so far today....will we have a day like y/day re bullishness? We'll see.

1hr below
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Trader with an Edge.
  • #859,653
  • May 14, 2025 6:13am May 14, 2025 6:13am
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yes yes yes
  • #859,654
  • May 14, 2025 6:41am May 14, 2025 6:41am
Quoting Yngwie
Sold 1.3350 SL 1. 3360
she want to go up more. closed 20p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,655
  • May 14, 2025 7:13am May 14, 2025 7:13am
Long 3324.
  • #859,656
  • May 14, 2025 7:21am May 14, 2025 7:21am
Going Short again from here.... 32 pips profit and still counting... Stoplosss @ 1.3370 (20pips)
Not yet time for the bulls in my book.
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Wishing myself goodluck.
Market Structure is the King.....
  • #859,657
  • May 14, 2025 7:22am May 14, 2025 7:22am
Quoting ScalaFX
Try one more time 3350 sell SL 3375
almost recovered, go GU
People don't plan to lose. They lose because they don't plan.
  • #859,658
  • May 14, 2025 7:40am May 14, 2025 7:40am
ready to buy gold
I only follow traders with IQ above 160
Challenge Tour All Time Return: -55.8%
  • #859,659
  • May 14, 2025 7:58am May 14, 2025 7:58am
Quoting Traderview
{quote} I wish i had shared this yesterday. But better late than never. Yesterday i took the short trades from 1.3288 ad closed it @1.32. I was expecting to hit 1.3142 by Tuesday. But a strong reaction happened. Today's pullback above of 1.32 suggests that PA is still in bulls territory and rangebound around 1.32 - 1.33. Some of you looking to short and losing capital unnecessarily to FOMO. If today is up then tomorrow is for bears. 1.3210 is a solid support for bulls. 1.3239 is nearby Resistance. PA is likely going to be pushed to test key prices...
Before and Now. In case you all wondering what is that R zone. I've shared it yesterday itself. Watch that Green zone.
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  • #859,660
  • May 14, 2025 8:23am May 14, 2025 8:23am
Long 1.3310 SL 1.3270
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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