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Cable Update (GBPUSD)

  • #656,301
  • Apr 15, 2022 12:26am Apr 15, 2022 12:26am
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i trade low spread one . For GU pair . These day was holiday. So better enter later at NYO if you cant handle the spreading xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #656,302
  • Apr 15, 2022 12:35am Apr 15, 2022 12:35am
Quoting kris89
{image}i trade low spread one . For GU pair . These day was holiday. So better enter later at NYO if you cant handle the spreading xD
I'm with you on this short UJ. GJ short too but the spreads are killing
  • #656,303
  • Apr 15, 2022 12:53am Apr 15, 2022 12:53am
ok come along
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  • #656,304
  • Apr 15, 2022 12:54am Apr 15, 2022 12:54am
Crooky mf
You drop the gu just for a crooky squeeze
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yes yes yes
  • #656,305
  • Apr 15, 2022 1:46am Apr 15, 2022 1:46am
Short Gbpusd at 1.30700
  • #656,306
  • Apr 15, 2022 1:57am Apr 15, 2022 1:57am
I am just curious, how bad are your spreads? I don't work for any broker; but I'm a premium client with Pepperstone and my spread is 3ish maximum for Cable at the moment. Usually I get 1 pip maximum so 3ish is relatively bad but it is not un-tradeable.

Quoting Moty
Crooky mf You drop the gu just for a crooky squeeze {image}
I don't know, you probably lost money on that drop, but which move looks more natural to you?

I have a sell at 1.3062 and expecting a swing trade down to 1.30 for 62 pips.

It is Easter weekend, but US still have data coming out later tonight-Industrial Production and NY Empire State Manufacturing Index. I believe the data will be solid and will serve as the impetus to sink Cable.
You can reach me on Telegram @ KramerFx
  • #656,307
  • Apr 15, 2022 2:08am Apr 15, 2022 2:08am
Usdjpy long
  • #656,308
  • Apr 15, 2022 2:29am Apr 15, 2022 2:29am
What do you know
I can us a sl
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yes yes yes
  • #656,309
  • Apr 15, 2022 2:32am Apr 15, 2022 2:32am
Where is this headed now? Where are the flags experts?
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  • #656,310
  • Apr 15, 2022 3:38am Apr 15, 2022 3:38am
Quoting Moty
What do you know I can us a sl {image}
when you in the money is easier LOL
  • #656,311
  • Apr 15, 2022 3:49am Apr 15, 2022 3:49am
Quoting Nd10
Where is this headed now? Where are the flags experts?{image}
Not an expert, but what I know - breaks the opposite direction.
Ascending flag - bearrish
Descending flag - bullish continuations

A few samples -
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  • #656,312
  • Apr 15, 2022 3:54am Apr 15, 2022 3:54am
Eurusd short
tp 1.07600
  • #656,313
  • Apr 15, 2022 3:59am Apr 15, 2022 3:59am
I'm out
See u all on monday
Happy weekend
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yes yes yes
  • #656,314
  • Apr 15, 2022 3:59am Apr 15, 2022 3:59am
Better to skip today. Market slow and being governed by algorithms
  • #656,315
  • Edited 4:42pm Apr 15, 2022 4:13am | Edited 4:42pm
[quote=KramerFx;13970676]I am just curious, how bad are your spreads? I don't work for any broker; but I'm a premium client with Pepperstone and my spread is 3ish maximum for Cable at the moment. Usually I get 1 pip maximum so 3ish is relatively bad but it is not un-tradeable. {quote}

Pretty big spreads and vary.
MT4 has the lowest spread.
IG spread ~10
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MT4
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Etoro - has a good choice of instruments, BTC and crypto spreads are crazy.
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Pepperstone use MT4, their live spreads for GU from 1-3.
https://www.forexfactory.com/brokers/pepperstone
  • #656,316
  • Apr 15, 2022 4:56am Apr 15, 2022 4:56am
Quoting Jolita
{quote} Not an expert, but what I know - breaks the opposite direction. Ascending flag - bearrish Descending flag - bullish continuations A few samples - {image}{image}{image}
Thanks Jolita
  • #656,317
  • Apr 15, 2022 8:37am Apr 15, 2022 8:37am
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  • #656,318
  • Apr 15, 2022 1:25pm Apr 15, 2022 1:25pm
Monday one more dip close to 1.30

Then bulls for a while. Bull trend
  • #656,319
  • Apr 15, 2022 2:16pm Apr 15, 2022 2:16pm
Quoting stjoeforex
{quote}[/b] Yep, I'm tuning up my trading strategy by learning more about price action & pull backs... Previous day's High & lows sound interesting also. Can that be used for scalping???
wonderful approach! highs and lows are always very interesting. mi is trading only the broad highs and lows and nothing else.
Maadik Hugiis. IQ 69.
  • #656,320
  • Apr 15, 2022 3:50pm Apr 15, 2022 3:50pm
Quoting mysterio
{quote} hold overnight last weekly candle high target {image}
M1 PA for the buy

Don't catch the falling knife wait for the market to tell you when!
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