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Cable Update (GBPUSD)

Quoting GilverTrader
{quote} DXY on sudden rampage lol.
I think at this point it's a pound problem. EU is very much above its daily low while GU keeps digging the trenches. Bulls have no hope here. For some time now EU has had a larger daily range, but I don't want to forget the beast that GU can be when it wants.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting ServerUang
{quote} trying my crystal magic ball, buy when all europe market closed. at 1.3109 SL = 1.3089 TP = 1.3149 wish me luck. SU
Moving My SL to 1.3112 (break event point)
wish me luck
SU
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I seem to be in real trouble here.
I bought the pound at 1.36176

I'm looking at a possible margin call this afternoon if it doesn't come way up :-(
Quoting Bill88
I seem to be in real trouble here. I bought the pound at 1.36176 I'm looking at a possible margin call this afternoon if it doesn't come way up :-(
Jesus Christ, you're 500 pips OTM....
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}
I'm with on longs too. Yes we might have gotten it wrong somehow. Even without this war, i kept pointing towards 1.32 to 1.30 but boy did i take my own advice? NO. However, i expect maximum for now to be 1.29, though i expect yearly S1 to hold which is around 1.305 ( Max it drops to 1.29). What I'm sure about is that the upward surge will be massive 400 to 600 pips and with that your 1.35 area target will be met. I have my TPS around 1.35. The question again is will I be patient for it to hit as i foolishly exited my perfect sells from 1.362 area? Silly me. Infact, if we exceed 1.36 well, we may welcome 1.4 again. Your lots i think are safe, right.
Cheers mate
Quoting GilverTrader
{quote} Jesus Christ, you're 500 pips OTM....
Yep, I never did set a stop loss.

What do you think are the chances of it coming up soon?
Quoting Mitiblotch
{quote} In other words, the price movers can go kill themselves!
Omo make them go shit for them pants
Quoting nAVIN2007
{quote} I flipping hope so
We sure are at the end of bear run. Don't be surprised this thing might hammer 1000 pips straight to 1.4
Quoting Bill88
{quote} Yep, I never did set a stop loss. What do you think are the chances of it coming up soon?
I think bulls will attempt for and achieve 1.3220 within the next 24 hours.

From that point, I will re-assess.

I might be wrong.
Quoting GilverTrader
{quote} DXY on sudden rampage lol.
Gunning for psychological 100
Quoting GilverTrader
{quote} I think bulls will attempt for and achieve 1.3220 within the next 24 hours. From that point, I will re-assess. I might be wrong.
I'll be over here biting my nails :-/
took long before the signal
usually this is a receipt for disaster
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Quoting Bill88
I seem to be in real trouble here. I bought the pound at 1.36176 I'm looking at a possible margin call this afternoon if it doesn't come way up :-(
Margin call. Wow. That means you were fully lotted or over lotted. It will definitely get back there. Matter of time. Wish you strength
Quoting Mitiblotch
{quote} I think at this point it's a pound problem. EU is very much above its daily low while GU keeps digging the trenches. Bulls have no hope here. For some time now EU has had a larger daily range, but I don't want to forget the beast that GU can be when it wants.
You're right. Nice observation.
Quoting Nd10
{quote} I'm with on longs too. Yes we might have gotten it wrong somehow. Even without this war, i kept pointing towards 1.32 to 1.30 but boy did i take my own advice? NO. However, i expect maximum for now to be 1.29, though i expect yearly S1 to hold which is around 1.305 ( Max it drops to 1.29). What I'm sure about is that the upward surge will be massive 400 to 600 pips and with that your 1.35 area target will be met. I have my TPS around 1.35. The question again is will I be patient for it to hit as i foolishly exited my perfect sells from 1.362...
im in around 3 pound a point, so far DD is around 22% if war continues thing might not be able to go back up. I think we were heading up b4 the war

but the war news has changed everything now I don’t how it can rise..let’s see
Quoting Bill88
{quote} Yep, I never did set a stop loss. What do you think are the chances of it coming up soon?
It is always sad to see traders get themselves into these situations. Thinking trades is never a good idea.

You may have a chance now because price has hit the AB = CD target and is in divergence. What you now need to see is the bulls crossing the EMA and finding support to take them up again but nowhere near the amount you require.
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price really playout with close candle 1.31000 , give temptation on more lower or going pick upside , price already break down the daily level , price may retrace after all

adding my last pillar @1.31100 for retracing
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
I'm curious about this pair, I make sales based on existing trends
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Quoting Nala66
{quote} It is always sad to see traders get themselves into these situations. Thinking trades is never a good idea. You may have a chance now because price has hit the AB = CD target and is in divergence. What you now need to see is the bulls crossing the EMA and finding support to take them up again but nowhere near the amount you require. {image}
Thanks for the input tho.
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