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Cable Update (GBPUSD)

  • #741,001
  • Apr 13, 2023 1:26pm Apr 13, 2023 1:26pm
To improve our trading strategy, it may be wise to reconsider our choice of currency pairs.
Currently, trading GBP against USD may not yield significant results, as both currencies are weakened and exhibit low levels of volitality excpet on news only..

Instead, we should explore pairs that offer stronger momentum and volatility for easier trading. Good strong currencies now is AUD and NZD.
These two combo is the right mactch for GBP. Chart below with exceed 200 pips damage today.

Understand the underlying principles of price movements to make informed decisions and avoid guesswork in the trading business.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #741,002
  • Apr 13, 2023 1:32pm Apr 13, 2023 1:32pm
Setting Traps for Gold. I think we may be on the verge of a drop that lasts a while. Setting limits below current levels.
Don't compare your trades to others. Most often the masses are the asses
  • #741,003
  • Apr 13, 2023 1:51pm Apr 13, 2023 1:51pm
Quoting Pat Chiko
{quote} Cash out some to buy some food today...... {quote} GOLD Gold is drifting closer to all-time highs in US dollar terms. Welcome to the era of gold. If this trend continue we may see Gold breaking through above 2050 soon. As Brazilian President Lula da Silva, during a visit to China, called on developing countries to abandon the US dollar in international trade in favour of national currencies. How fast Gold will be back in front seat, that is what market is watching now. {image} Few running on positive stop
Thanks buddy, I too took some and rest last for new high, I think Gold can make this next week
People don't plan to lose. They lose because they don't plan.
  • #741,004
  • Apr 13, 2023 1:55pm Apr 13, 2023 1:55pm
Quoting GODofMC
{quote} Counter Trend for scalp. Reason : did not break today high and lazy market SL at BE+Spread target 10-12 pips {image}
Done, taking 3 pips below target, dont want heavy spread on the change of day taking my SL
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #741,005
  • Apr 13, 2023 4:01pm Apr 13, 2023 4:01pm
US retail sales news coming tomorrow, with a negative outlook
https://www.forexfactory.com
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Compulsions can be hard to resist
  • #741,006
  • Edited 7:09pm Apr 13, 2023 5:27pm | Edited 7:09pm
GBPUSD

I just took my second entry for SELL at 1.2526

I had one from 1.2529 taken around close of London session

Target is still 1.23022 or slightly lower as I have been harping on.
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  • #741,007
  • Apr 13, 2023 5:50pm Apr 13, 2023 5:50pm
Quoting ninner
Broke 1.25 as I said it would bullish still
Let's go to 1.31
  • #741,008
  • Apr 13, 2023 7:39pm Apr 13, 2023 7:39pm
Quoting Robinhood1
{quote} Cruising mode. 3rd gear
Bitcoin full speed 6th gear
POSTMASTER
  • #741,009
  • Apr 13, 2023 8:10pm Apr 13, 2023 8:10pm
Quoting Robinhood1
Expecting bitcoin to go beyond 36000 by staurday/sunday. great challenge i posted here. Lets see.
WARNING TO ALL CORPORATIVE SCAMERS.

disconect my account from trading against me before its too late.
POSTMASTER
  • #741,010
  • Apr 13, 2023 8:17pm Apr 13, 2023 8:17pm
Quoting pipcenturion
GBPUSD I just took my second entry for SELL at 1.2526 I had one from 1.2529 taken around close of London session Target is still 1.23022 or slightly lower as I have been harping on. {image}
There is likely to be demand at 1.2488

I will close some positions there and re-assess.
  • #741,011
  • Apr 13, 2023 8:17pm Apr 13, 2023 8:17pm
Quoting Robinhood1
{quote} WARNING TO ALL CORPORATIVE SCAMERS. disconect my account from trading against me before its too late.
as Soros says, go for the jugular!!!!
POSTMASTER
  • #741,012
  • Apr 13, 2023 8:21pm Apr 13, 2023 8:21pm
Quoting Matej.FX
{quote} As a professional who works in this department, what I can say is this. Waveski is not Pat Chiko. Why, well Pat Chiko suffers from what we call perfection. When Pat Chiko writes he uses uppercase always. You can see it in his name. One more difference is that Wave flips a coin and Pat is making sure that when he takes a trade that this coin always falls on head. What I'm saying is that Wave has an ordinary coin and Pat has a coin which has head on both sides. Both are successful traders but have different trading philosophy. Also, they're...
right
POSTMASTER
  • #741,013
  • Apr 13, 2023 8:49pm Apr 13, 2023 8:49pm
Today is probably " sell " only day below Thursday high.

I am short with yesterday hish as stop.
Intraday only.
  • #741,014
  • Apr 13, 2023 9:13pm Apr 13, 2023 9:13pm
Quoting navk
Today is probably " sell " only day below Thursday high. I am short with yesterday hish as stop.
out
Intraday only.
  • #741,015
  • Apr 13, 2023 9:23pm Apr 13, 2023 9:23pm
Quoting voeltoez
short and sleep {image}
add short ...today is fryday
  • #741,016
  • Apr 13, 2023 9:23pm Apr 13, 2023 9:23pm
Quoting navk
{quote} out
What's your plan now dear
  • #741,017
  • Apr 13, 2023 9:27pm Apr 13, 2023 9:27pm
Price will trade to 1.25673 first (consequent encroachment
of our objective) then pull back to regain momentum before heading 1.26000.

Added more positions.
I’m trading GBPUSD only…
My telegram: https://t.me/avidforex
  • #741,018
  • Apr 13, 2023 9:34pm Apr 13, 2023 9:34pm
Quoting mwaqar309
{quote} What's your plan now dear
Asia trade failed.

Wait for LO
Intraday only.
  • #741,019
  • Apr 13, 2023 9:37pm Apr 13, 2023 9:37pm
Quoting pipcenturion
{quote} There is likely to be demand at 1.2488 I will close some positions there and re-assess.
There is no sell for now. Look at the weekly/monthly time frame. and the Index is down as well.
As a matter of fact, from what I’m seeing next week candle might not even pull back as much because this week did a complete retest of the broken support.
My telegram: https://t.me/avidforex
  • #741,020
  • Apr 13, 2023 9:45pm Apr 13, 2023 9:45pm
Quoting BigNumbers
{quote} There is no sell for now. Look at the weekly/monthly time frame. and the Index is down as well. As a matter of fact, from what I’m seeing next week candle might not even pull back as much because this week did a complete retest of the broken support.

Although there is a strong resistance at 1.25766…
My telegram: https://t.me/avidforex
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