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Cable Update (GBPUSD)

  • #688,801
  • Sep 28, 2022 1:17am Sep 28, 2022 1:17am
Quoting Chris_35
Went to bed early hours this morning keeping an eye on Asian markets. Wasnt happy to trade but on turning in entered a long order just above S1 @ i.10639. Now have a smile on face, but for how long? 0.4 lots
Closed at 1.0693
  • #688,802
  • Sep 28, 2022 1:18am Sep 28, 2022 1:18am
Quoting Indiara
I have a Sell on UJ {image}
UJ has come back and is a few pips negative now. I think that I will hold this trade for a while because even if this is just a little retracement and it goes up some more, I don't think it will be allowed to go up a big amount before BOJ has something to say. Is a bit of a risk, but I can let this go back up further than BOJ would like without hurting the account too much. Is a gamble, but I feel ok about this one
I am neither brave nor stupid...I am just a part time trader
  • #688,803
  • Sep 28, 2022 1:18am Sep 28, 2022 1:18am
Quoting Waveskierrob
{quote} How many pips has the GU moved since the London open?
Maybe down 85 ish
  • #688,804
  • Sep 28, 2022 1:19am Sep 28, 2022 1:19am
i am not convinced about selling usd on any paIR
  • #688,805
  • Sep 28, 2022 1:24am Sep 28, 2022 1:24am
With the GU, the ADX is barely registering 20, basically a big caution for trading !
  • #688,806
  • Sep 28, 2022 1:25am Sep 28, 2022 1:25am
Quoting dantpm
{quote} Maybe down 85 ish
GU has moved 1000's of pips, go onto a 1 min candle chart and see how much it moves ....just something to think about
  • #688,807
  • Sep 28, 2022 1:26am Sep 28, 2022 1:26am
Quoting WizardTrade
{quote} 69
You are soooo rude...
  • #688,808
  • Sep 28, 2022 1:27am Sep 28, 2022 1:27am
Quoting Waveskierrob
{quote} You are soooo rude...
HEHE Cable bringing in S**Y figure, what do I do?
WARNING: This post warps space and time in its vicinity.
  • #688,809
  • Sep 28, 2022 1:28am Sep 28, 2022 1:28am
Is it my latency issue or did I just see a candle flickering
Exhausted
  • #688,810
  • Sep 28, 2022 1:29am Sep 28, 2022 1:29am
Quoting PatienceFx
i am not convinced about selling usd on any paIR
It comes with risks, for sure. I don't think that BOE would even make a big intervention, or ECB too. But we know that BOJ will do it, so if selling USD against any currency is a small risk, then UJ is the one for me

I have Mondays +82 to risk, and I can add 18 more to make an even 100 pip against me. Is not a bad option apart from a possible -100 to make +34. But if it goes -100 against me, I will add pending Sell options under the price at the time. I don't know if I explained that well, but it is a plan that seems good to me......at the moment!
I am neither brave nor stupid...I am just a part time trader
  • #688,811
  • Sep 28, 2022 1:36am Sep 28, 2022 1:36am
Quoting Waveskierrob
{quote} GU has moved 1000's of pips, go onto a 1 min candle chart and see how much it moves ....just something to think about
My bad, didn't look at all the digits.
  • #688,812
  • Sep 28, 2022 1:39am Sep 28, 2022 1:39am
Quoting dantpm
With the GU, the ADX is barely registering 20, basically a big caution for trading !
depends what tf you are playing..
on h4 its still strong sell adx..h1 its sell but need correction...cmiiw
  • #688,813
  • Sep 28, 2022 1:39am Sep 28, 2022 1:39am
I cannot wait again. Short 0687. TP 0410
  • #688,814
  • Sep 28, 2022 1:41am Sep 28, 2022 1:41am
short 1.0680
tp 1.0580
  • #688,815
  • Sep 28, 2022 1:43am Sep 28, 2022 1:43am
Quoting Mitiblotch
I cannot wait again. Short 0687. TP 0410
Patience is a good girlfriend mate Always keep her with you.
WARNING: This post warps space and time in its vicinity.
  • #688,816
  • Sep 28, 2022 1:44am Sep 28, 2022 1:44am
Quoting dantpm
{quote} My bad, didn't look at all the digits.
Your not bad, hopefully I've opened your eyes to a different way of looking at it, I scalp 1 pip at a time but many hundred times a day ...
  • #688,817
  • Sep 28, 2022 1:47am Sep 28, 2022 1:47am
well, I can not be greedy.

1 % more than enuff.

Now mt4 closed.

Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 30 KB
Intraday only.
  • #688,818
  • Sep 28, 2022 1:49am Sep 28, 2022 1:49am
Quoting Indiara
{quote} It comes with risks, for sure. I don't think that BOE would even make a big intervention, or ECB too. But we know that BOJ will do it, so if selling USD against any currency is a small risk, then UJ is the one for me I have Mondays +82 to risk, and I can add 18 more to make an even 100 pip against me. Is not a bad option apart from a possible -100 to make +34. But if it goes -100 against me, I will add pending Sell options under the price at the time. I don't know if I explained that well, but it is a plan that seems good to me......at...
yes, at every important sup/res levels, there are buyers and sellers.

Trade wisely
Intraday only.
  • #688,819
  • Sep 28, 2022 1:59am Sep 28, 2022 1:59am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 64 KB
  • #688,820
  • Sep 28, 2022 2:01am Sep 28, 2022 2:01am
Today's trade reminds me why I dont like holding trades for too long.
Especially when there's no clear trend, it tends to bounce back non-stop.
Exhausted
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