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Cable Update (GBPUSD)

  • #655,661
  • Apr 7, 2022 3:23pm Apr 7, 2022 3:23pm
All the Bulls get ready GBP will be ready to launch
  • #655,662
  • Edited 5:55pm Apr 7, 2022 5:35pm | Edited 5:55pm
Once again daily candle close still above 1.30650
Downside pressure still inndaily candle. As we see on LTF we get more HL. But in case its friday. Anything can play out. Just watchout of huge pingpong LQ taken
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #655,663
  • Edited 8:58pm Apr 7, 2022 8:46pm | Edited 8:58pm
Quoting BankofNewJer
All the Bulls get ready GBP will be ready to launch
Be great if there was a push back to 1.3100 just be good m8 if you can provide a bit of TA (tech analysis) to your comment.
Looking on the 4 hour there are no signs just yet of bulls waking up
We don't move the market, we are at the mercy of our forex overlords and the best we can do is read the charts properly and be aware if any fundamental news or events are changing it's direction as well.
Don't Leave Money on the Table
  • #655,664
  • Apr 7, 2022 9:39pm Apr 7, 2022 9:39pm
My trade insurance has expired on my buy trades, and I lost 34 pips

I have mentioned yesterday that if the GBPUSD does not bounce up back within the day, it will be a very bearish sign

I am selling now from 1.3070 (current price), and will use a trade insurance protection again for 2 days, and will pay -34 pips for it.

My target is 1.3010
  • #655,665
  • Apr 7, 2022 9:46pm Apr 7, 2022 9:46pm
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #655,666
  • Apr 7, 2022 9:52pm Apr 7, 2022 9:52pm
Quoting fxsavvy1
My trade insurance has expired on my buy trades, and I lost 34 pips I have mentioned yesterday that if the GBPUSD does not bounce up back within the day, it will be a very bearish sign I am selling now from 1.3070 (current price), and will use a trade insurance protection again for 2 days, and will pay -34 pips for it. My target is 1.3010
How does forex trade insurance work and what and when do you pay?
Don't Leave Money on the Table
  • #655,667
  • Apr 7, 2022 10:20pm Apr 7, 2022 10:20pm
Quoting HaLBot
{quote} How does forex trade insurance work and what and when do you pay?
You Pay upfront to insure you trade for a certain period of time of your choice

You could pay for 1 hour, 3 hours, 6 hours, 1 day or 2 days

The cost depends on the period of time that you choose, I find the 6 hours, 1 day and 2 days insurance more reasonably priced

If your trade set-up includes a very tight stoploss for some reason, then no need to use the protection insurance, and opt for the stoploss instead

The trade insurance has improved my trading personally because it reduces your emotions. and no more being a victim to stoploss hunting. I trade with the peace of mind.

Inserted Video
  • #655,668
  • Apr 7, 2022 10:29pm Apr 7, 2022 10:29pm
Gu down >>>>> 1.29961 buy..................1.32222.



https://i.imgur.com/vJpsuOi.jpg
  • #655,669
  • Apr 7, 2022 11:03pm Apr 7, 2022 11:03pm
GU 4 hour chart I use the 10 ema as a guide, price above generally bullish price below bearish so you can see prices needs to get above the 10ema otherwise just continue downwards.Dollar bulls relentless since mid January
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Don't Leave Money on the Table
  • #655,670
  • Apr 7, 2022 11:39pm Apr 7, 2022 11:39pm
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yes yes yes
  • #655,671
  • Apr 7, 2022 11:48pm Apr 7, 2022 11:48pm
Quoting Whale
{quote} new member, welcome. you have 3 post since last week, all of them include the price 1.34 for last week now you move it forward to the coming week. it could be, but how much pips are you going to sacrifice? anyway, my view: hope for you that im wrong. {image}
Lets go baby.
moving my stop to 1.3109
51 pips lock.
  • #655,672
  • Apr 7, 2022 11:49pm Apr 7, 2022 11:49pm
Dx to 100 and gu to 1.300000 and mabye to 1.28xxx
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yes yes yes
  • #655,673
  • Apr 7, 2022 11:54pm Apr 7, 2022 11:54pm
USD INDEX
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  • #655,674
  • Apr 8, 2022 12:04am Apr 8, 2022 12:04am
Quoting Whale
{quote} Lets go baby. moving my stop to 1.3109 51 pips lock.
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lets snipe silently >.<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #655,675
  • Apr 8, 2022 12:09am Apr 8, 2022 12:09am
Short in at 1.3038 target 1.3019
Don't trade what you think. Just what you see!!!
  • #655,676
  • Apr 8, 2022 12:10am Apr 8, 2022 12:10am
Tis thing won't rest until it hits that 299x area, it seems. And if too many people jump in sell it spikes and then continues down. Asia sold and today is Friday. More red to come.
  • #655,677
  • Apr 8, 2022 12:14am Apr 8, 2022 12:14am
took a nice 12xR sell scalp

I think it will buy at some point but it is Friday, could be one way so no rush to catch a falling knife, structure has to change
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  • #655,678
  • Apr 8, 2022 12:41am Apr 8, 2022 12:41am
Quoting Mitiblotch
Tis thing won't rest until it hits that 299x area, it seems. And if too many people jump in sell it spikes and then continues down. Asia sold and today is Friday. More red to come.
friday usually one way ticket , as asian sell , LO could be retrace then NY can be downside more
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #655,679
  • Apr 8, 2022 12:43am Apr 8, 2022 12:43am
Quoting kris89
{quote} {image}lets snipe silently >.<
i dont if mine is a snipe. Holding since last week.
but will not tp manually, only sl+ or 1.29
  • #655,680
  • Apr 8, 2022 1:01am Apr 8, 2022 1:01am
Quoting Whale
{quote} i dont if mine is a snipe. Holding since last week. but will not tp manually, only sl+ or 1.29
i scalp a whole last week , scalp near SC and BC hahaha , just waiting the price spring , and its spring
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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