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Cable Update (GBPUSD)

  • #739,601
  • Apr 6, 2023 4:34am Apr 6, 2023 4:34am
Looking for a long set-up now, but will be putting more of my efforts into CAD on news at 1.30. This will provide more opportunities today. There should be resistance at around 1.2454 that I will use for the upward movement and will add to this if 1.2464 breaks
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #739,602
  • Apr 6, 2023 4:36am Apr 6, 2023 4:36am
Quoting Pat Chiko
{quote} EU Hi Kareem, I've decisded to closed this long position, as seeing there's another lower test in progress. All position in the trade taken by averaging up to avoid greater losses. Another short trade in consideration now. Thanks & trade well {image}
Ohh, Pat joining the short train.
Exhausted
  • #739,603
  • Apr 6, 2023 4:39am Apr 6, 2023 4:39am
Quoting Robinhood1
{quote} correcting it again. Its turned down, start of a swing
also usdcad and usdchf have turned. Its time for the dollar
POSTMASTER
  • #739,604
  • Apr 6, 2023 4:39am Apr 6, 2023 4:39am
Quoting Theoak
Looking for a long set-up now, but will be putting more of my efforts into CAD on news at 1.30. This will provide more opportunities today. There should be resistance at around 1.2454 that I will use for the upward movement and will add to this if 1.2464 breaks {image}
First time seeing a (5,2) BB being used.

Intriguing.
Exhausted
  • #739,605
  • Apr 6, 2023 4:49am Apr 6, 2023 4:49am
Quoting ScalaFX
{quote} Booked some, rest protected
Adding to full positions, waiting for some drop
People don't plan to lose. They lose because they don't plan.
  • #739,606
  • Apr 6, 2023 4:53am Apr 6, 2023 4:53am
Retails sentiment shifted from 60% short to 57% short
Exhausted
  • #739,607
  • Apr 6, 2023 4:55am Apr 6, 2023 4:55am
sold GU at 1.2468

  • #739,608
  • Apr 6, 2023 4:55am Apr 6, 2023 4:55am
Quoting ScalaFX
{quote} Adding to full positions, waiting for some drop
I am with you. Good luck
  • #739,609
  • Apr 6, 2023 4:55am Apr 6, 2023 4:55am
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Quoting Elysion
{quote} Ohh, Pat joining the short train.
Lou Vincii Code
  • #739,610
  • Apr 6, 2023 4:56am Apr 6, 2023 4:56am
Quoting Elysion
{quote} First time seeing a (5,2) BB being used. Intriguing.
Sorry bud not answering quicker had to get a long on. Yes I like to use BB, the different timeframes react differently to each setting. The 5 min like to stay in the 5, 2 BB.
Don't trade what you think. Just what you see!!!
  • #739,611
  • Apr 6, 2023 4:56am Apr 6, 2023 4:56am
Quoting LitEU
{quote} first short closed in puny profit I'll let the rest run with 20pips sl
Added one short 20pips sl
  • #739,612
  • Apr 6, 2023 4:57am Apr 6, 2023 4:57am
Quoting Elysion
{quote} H4 shows that we're in a bullish channel upwards. However current 1.252 seems to be the top for now based on the channel. We should see a short term sell to at least 1.24 area before a bounce. Of course I could be wrong and then there's upcoming NFP data {image}
I'm also leaning towards a drop and then a rise.
Just follow the trend.
  • #739,613
  • Apr 6, 2023 5:02am Apr 6, 2023 5:02am
Quoting Theoak
{quote} Sorry bud not answering quicker had to get a long on. Yes I like to use BB, the different timeframes react differently to each setting. The 5 min like to stay in the 5, 2 BB.
Might back test it for scalping and see how it works for me.
Seems interesting enough for scalping.
Exhausted
  • #739,614
  • Apr 6, 2023 5:04am Apr 6, 2023 5:04am
Quoting Elysion
{quote} Ohh, Pat joining the short train.
I copy your train on real time / live trades.............

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #739,615
  • Apr 6, 2023 5:11am Apr 6, 2023 5:11am
I'm only fool buying?
How to succeed in zero sum game?
  • #739,616
  • Apr 6, 2023 5:14am Apr 6, 2023 5:14am
Quoting Pat Chiko
{quote} I copy your train on real time / live trades............. {image}
Batman Setup! Im cry laughing!
People don't plan to lose. They lose because they don't plan.
  • #739,617
  • Apr 6, 2023 5:15am Apr 6, 2023 5:15am
Quoting dempire1
I'm only fool buying?
Lol not alone.
Plan your trades and trade your plan.
  • #739,618
  • Apr 6, 2023 5:17am Apr 6, 2023 5:17am
Quoting dempire1
I'm only fool buying?
This is harmony of the market, one sell second buying and over and over again
People don't plan to lose. They lose because they don't plan.
  • #739,619
  • Apr 6, 2023 5:17am Apr 6, 2023 5:17am
Motty is time to bring out the hammer
  • #739,620
  • Apr 6, 2023 5:21am Apr 6, 2023 5:21am
Quoting dempire1
I'm only fool buying?
Unlikely haha, but will look for long later.

My broker giving buy signals so I'll go short first. Later I'll go long
80% of my broker's signal are
1) Late to the party
2) Totally wrong direction
Exhausted
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Fishbones