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Cable Update (GBPUSD)

  • #653,221
  • Mar 7, 2022 6:28am Mar 7, 2022 6:28am
Quoting mysterio
{quote} Bulls large and in charge now 1.3250 bare minimum {image}
Yes, if it forms a right shoulder and rises then we have a good QM pattern there. We move!

Edit: good move! I bought 3164. I wish I added more there.
  • #653,222
  • Mar 7, 2022 6:35am Mar 7, 2022 6:35am
Quoting M3csl
What's the news? Why flying all of a sudden?
99.305 at dx ,that is the news
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yes yes yes
  • #653,223
  • Mar 7, 2022 6:41am Mar 7, 2022 6:41am
come on mister eu
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yes yes yes
  • #653,224
  • Mar 7, 2022 6:51am Mar 7, 2022 6:51am
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yes yes yes
  • #653,225
  • Mar 7, 2022 7:44am Mar 7, 2022 7:44am
Buying position activated
  • #653,226
  • Mar 7, 2022 8:29am Mar 7, 2022 8:29am
GBP struggling to get past 1.32, but Euro is enjoying the day.
Anyone knows why Oil is heading down? Anything changed in war situation?
  • #653,227
  • Mar 7, 2022 8:30am Mar 7, 2022 8:30am
i think next 1.2970
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  • #653,228
  • Mar 7, 2022 8:35am Mar 7, 2022 8:35am
Quoting IBabyTrader
GBP struggling to get past 1.32, but Euro is enjoying the day. Anyone knows why Oil is heading down? Anything changed in war situation?
PA showed it was due for major correction after that high. And 118 was the necessary correction. Now whether it would reverse or pump back up remains to be seen. I chickened out of my short just cause of this war
  • #653,229
  • Mar 7, 2022 8:57am Mar 7, 2022 8:57am
Quoting IBabyTrader
GBP struggling to get past 1.32, but Euro is enjoying the day. Anyone knows why Oil is heading down? Anything changed in war situation?
US contemplating sanctions on Russian oil, suggesting they have sufficient, hence no need for a high oil price.
  • #653,230
  • Mar 7, 2022 9:07am Mar 7, 2022 9:07am
Quoting Wavegarrick
{quote} Hi Guys A possible retrace on the cards, towards my weekly pivot at 1.32829 or round number 1.33000. I could look to scalp buy depending on what London open does. Have a great week, Cheers. {image}
London open was a no-go for me.
Scalp Buy trade opened at 1.31533 s/loss 25 pips. Target 1.3300.
Cheers.
Trade to trade another day
  • #653,231
  • Mar 7, 2022 9:13am Mar 7, 2022 9:13am
Quoting Wavegarrick
{quote} London open was a no-go for me. Scalp Buy trade opened at 1.31533 s/loss 25 pips. Target 1.3300. Cheers.
Curious, your scalp trade is for 150 pips...?
  • #653,232
  • Mar 7, 2022 9:14am Mar 7, 2022 9:14am
Quoting Wavegarrick
{quote} London open was a no-go for me. Scalp Buy trade opened at 1.31533 s/loss 25 pips. Target 1.3300. Cheers.
Classical Leon. Nice seeing your post once more. Let's tweak the 1.33 to 1.34 shall we

Cheers
  • #653,233
  • Mar 7, 2022 9:27am Mar 7, 2022 9:27am
Cable bulls will be shooting for a close above 1.32.
  • #653,234
  • Mar 7, 2022 9:42am Mar 7, 2022 9:42am
Quoting Nd10
{quote} Classical Leon. Nice seeing your post once more. Let's tweak the 1.33 to 1.34 shall we Cheers

I wanna ask u something bro?

why would in this war yen act as a safe haven>?
  • #653,235
  • Mar 7, 2022 9:46am Mar 7, 2022 9:46am
Quoting nAVIN2007
{quote} I wanna ask u something bro? why would in this war yen act as a safe haven>?
In all honesty Nav, i can't really explain it. Maybe George, Wavegarrick or anyother person can help. I know Yen, Dollar, swiss franc, gold etc are safe havens. Are you on any yen trades and what is your buy entries on cable with target?
  • #653,236
  • Mar 7, 2022 9:51am Mar 7, 2022 9:51am
Quoting Nd10
{quote} In all honesty Nav, i can't really explain it. Maybe George, Wavegarrick can help. Are you on any yen trades and what is your buy entries on cable with target?

A very good trader mentioned at the time of the war, yen is going to act as a safe haven, short Gbp, Euro
but I cannot understand how he would know this

At this point I just need to get out or work out where this is going long term
This blasted war has got me in a mess..lol
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  • #653,237
  • Mar 7, 2022 10:01am Mar 7, 2022 10:01am
Quoting GilverTrader
Cable bulls will be shooting for a close above 1.32.
It spiked and I should have closed my buys but I held it and continued attending to my patients. Now NY has sunk it again.
  • #653,238
  • Mar 7, 2022 10:02am Mar 7, 2022 10:02am
Quoting nAVIN2007
{quote} A very good trader mentioned at the time of the war, yen is going to act as a safe haven, short Gbp, Euro but I cannot understand how he would know this At this point I just need to get out or work out where this is going long term This blasted war has got me in a mess..lol {image}
You should of gotten out a while ago. Targets yet no stop? Not limiting your downside risk at all
  • #653,239
  • Mar 7, 2022 10:06am Mar 7, 2022 10:06am
Quoting Mitiblotch
{quote} It spiked and I should have closed my buys but I held it and continued attending to my patients. Now NY has sunk it again.
NY isn't over yet, I think DXY is going to retrace in the later parts of NY, I'm expecting XXX/USD to make a rally.
  • #653,240
  • Mar 7, 2022 10:08am Mar 7, 2022 10:08am
buy - 1.3135
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