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Cable Update (GBPUSD)

  • #476,741
  • Apr 29, 2019 8:24pm Apr 29, 2019 8:24pm
Quoting DailyChart
{image}
Close - Fresh buyer Forming
  • #476,742
  • Apr 29, 2019 8:39pm Apr 29, 2019 8:39pm
buy on GBPUSD

≧◠‿◠≦✌
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  • #476,743
  • Apr 29, 2019 8:45pm Apr 29, 2019 8:45pm
Quoting tatianah
buy on GBPUSD ≧◠‿◠≦✌ {image}
Be careful mate,
The price is going in to the trendline and resistance.
It may bounce back down in the trendline or resistance.

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I putting a Sell Limit on 1.29550 with thin SL hoping it bounce back down in the trend line.

Any way, Trade safe, Good luck.
  • #476,744
  • Apr 29, 2019 9:45pm Apr 29, 2019 9:45pm
Quoting xtradex
{quote} You were predicting 1.4 if I remember correctly. Well, its now 350 pips lower than it was when you wrote your comment and I find it hard to believe that this was your plan all along. Sure, you may still be correct and price may go to 1.4 but thats like saying someone will die at some point in time. You know it will happen but you dont know when and what will happen in the mean time. I know you wont admit you were wrong because you are too arrogant for that but whatever. We all know that the red mark on FF doesnt mean much and you are a living...
this is forum to share everything about cable, you dont have to follow with it, everyone has different analysis, and i believe everyone always trade with hope, why???? because they all hoping their analysis is correct and make profit. there is no right or wrong. ur trade is ur risk.
just use other analysist to compare with ur analysist, not to judge everyone right ot wrong.

u can see every MOTY's post, right or wrong he always post and that very helpful for me. even sometimes different with my analysist, and i use it for precaution to make small risk.

sorry for bad english.
  • #476,745
  • Edited Apr 30, 2019 12:59am Apr 29, 2019 11:37pm | Edited Apr 30, 2019 12:59am
there is a strong Resistance 1.2942, i think a good news ( cross-party results or dovish FOMC or maybe BOE on Thursday ) can break it, everything isn't chart, Fundamental is important, especially about Gbp, anyway i think it will be back and break MA100 toward 1.3009 in Friday
Attached Image
  • #476,746
  • Apr 30, 2019 12:17am Apr 30, 2019 12:17am
Flat
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  • #476,747
  • Apr 30, 2019 12:41am Apr 30, 2019 12:41am
Quoting xtradex
{quote} You were predicting 1.4 if I remember correctly.
When exactly did I do that? And what would that have to do with anything? I can predict 1.40, even if I waited for 1.25 first(which I don't, just an example), I am always looking at the higher number, when predicting months or years ahead and trading towards the higher number rather than the lower number. I am not expecting any currency to go in a straight line up or down.
Everyone can see the chart, but only a few can actually read it.
  • #476,748
  • Apr 30, 2019 2:20am Apr 30, 2019 2:20am
Quoting tatianah
buy on GBPUSD ≧◠‿◠≦✌ {image}
already up 40pips
٩(˘◡˘)۶

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  • #476,749
  • Apr 30, 2019 2:46am Apr 30, 2019 2:46am
D1
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yes yes yes
  • #476,750
  • Apr 30, 2019 2:47am Apr 30, 2019 2:47am
Quoting Henry2501
Morning traders sorry did not say much yesterday as i was on the sides just waiting for trades to setup. I am still long on this GBP pair. Yes i know. Most people are shorting my trading charts say long. Still yes. Especially after the little drop yesterday that was a short drop then market slowed down. Hope that was the last SL hunts. Still trading my system. Here is my trades in at the moment. {image} {image}
Finally after more than a week of waiting this pair(GBPUSD) has decided to move.
  • #476,751
  • Apr 30, 2019 3:37am Apr 30, 2019 3:37am
GBP USD 4H charts
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These are medium to long term trades, they can last from 2 - 15 days. Sometime even longer.
  • #476,752
  • Apr 30, 2019 3:54am Apr 30, 2019 3:54am
130 Pips
Quoting Spmt
{image}
  • #476,753
  • Apr 30, 2019 4:02am Apr 30, 2019 4:02am
Quoting Henry2501
GBP USD 4H charts {image} {image} These are medium to long term trades, they can last from 2 - 15 days. Sometime even longer.
WOW.. and OMG ... very big LOT there.. congratz..
  • #476,754
  • Apr 30, 2019 5:01am Apr 30, 2019 5:01am
Quoting asnan7
{quote} WOW.. and OMG ... very big LOT there.. congratz..
Thank you

Its taken me many years to get to this level of confidence to do such large trades.
Thats why you should open more account as you grow. Dont put all your eggs in one basket.

But it can be depressing opening a new account and seeing the slow but steady progress.Unless you deposit a lot from the start. It just feels so painful only making 10-20dollars per trade instead of in the thousands per trade. I have all together 4live accounts now. But also work in percentage not dollar value then it looks better. Helps with the subconscious mind.

Both those charts are live account but one is a new company i am testing. The small lots of only 0.01 is the new testing account. Waiting till i get to 3000 to withdraw to see if they legit. I only trade longer term trades not intraday.
  • #476,755
  • Apr 30, 2019 5:08am Apr 30, 2019 5:08am
Quoting Henry2501
{quote} Thank you Its taken me many years to get to this level of confidence to do such large trades. Thats why you should open more account as you grow. Dont put all your eggs in one basket. But it can be depressing opening a new account and seeing the slow but steady progress.Unless you deposit a lot from the start. It just feels so painful only making 10-20dollars per trade instead of in the thousands per trade. I have all together 4live accounts now. But also work in percentage not dollar value then it looks better. Helps with the subconscious...
Which company do you use for the large trades?
  • #476,756
  • Apr 30, 2019 5:18am Apr 30, 2019 5:18am
My Analysis tells me its a perfect position to sell heading to 1.27883, SL 50 pips with more than 2:1 risk to reward ratio
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  • #476,757
  • Apr 30, 2019 5:21am Apr 30, 2019 5:21am
Quoting m7mad.a
{quote} Which company do you use for the large trades?
Any reliable company will work. Thats why you got to test them first. Build account draw money. draw more than 4times your deposit investment.
Most companies offer Pro accounts. To be honest makes no difference to me anymore as the only benefit on a pro account is extremely tiny spreads. More suited for the scalper. You pay a commission that can sometime be a bit expensive and swaps can get depressing if you look at them.

see here what i mean.
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Any reputable trading company should be able to do large trades.
  • #476,758
  • Apr 30, 2019 5:24am Apr 30, 2019 5:24am
Quoting m7mad.a
My Analysis tells me its a perfect position to sell heading to 1.27883, SL 50 pips with more than 2:1 risk to reward ratio {image}
Not yet that is for me. I will wait for 1.31 before i will be looking at selling again.
Depends markets change daily.
  • #476,759
  • Apr 30, 2019 6:19am Apr 30, 2019 6:19am
To whom ever did these trades with me.
Bring your SL to 1.30000 to lock in any profits. She might still go up another 40-60pips or hit the iceberg here. I am leaving mine in to hit my TP targets at 1.30700

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My small account trades have already been removed from the market. Hit my 10% increase for the day.
Trade safe the rest of the day. I am heading for a surf.
  • #476,760
  • Apr 30, 2019 6:47am Apr 30, 2019 6:47am
Many forgot this day is monthly close candle and tomorrow new monthly open candle.
Best day for trading with the flow that's up then probably retracing tomorrow trade..watch for around 1.3075 resistance, TP there and sell for 50 pip at least, but get out if bases above on tomorrow candle.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
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