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Cable Update (GBPUSD)

  • #741,061
  • Apr 14, 2023 2:47am Apr 14, 2023 2:47am
Quoting Theoak
{quote} Seems to me there is only I who is going long.... A lone wolf in the wilderness!!!! {image}
Bignumbers is pretty devout to the long strategy right now with GU.
  • #741,062
  • Apr 14, 2023 2:47am Apr 14, 2023 2:47am
Quoting trumps
{quote} {image}
hi All,

not having the best of weeks.
any advice on eur/jpy I'm hoping for a downside.

what are your thoughts??

Thank you
  • #741,063
  • Apr 14, 2023 2:48am Apr 14, 2023 2:48am
Quoting Pat Chiko
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...
Good .. What do you think if we interacted more and more on the subject?
Fun Factory: Interactive Discussions on Day Trading and Scalping
https://www.forexfactory.com/thread/...raders?page=21
Waiting for the new from you there my dear
  • #741,064
  • Apr 14, 2023 2:49am Apr 14, 2023 2:49am
Quoting huffy13
{quote} hi All, not having the best of weeks. any advice on eur/jpy I'm hoping for a downside. what are your thoughts?? Thank you
I am currently long and its in a nice uptrend. I see no evidence of a turn yet!!!
  • #741,065
  • Apr 14, 2023 2:59am Apr 14, 2023 2:59am
Quoting pipcenturion
The fall of GBPUSD is gonna be climatic. Hold on to your shorts if you still have them. Target is 1.23022 or lower
True, but be on guard for a spike to test today's highs (Retail Sales reports) before a move down.
Lost....
  • #741,066
  • Apr 14, 2023 3:04am Apr 14, 2023 3:04am
Quoting huffy13
{quote} hi All, not having the best of weeks. any advice on eur/jpy I'm hoping for a downside. what are your thoughts?? Thank you
It's better to revert your position.In the last 2 days, all the dips against JPY were bought, i expect a new high on NY session.Cut the losses as soon as you can.USD is underrated this days, but today will shock the JPY.
The Market is always right.
  • #741,067
  • Apr 14, 2023 3:04am Apr 14, 2023 3:04am
Quoting huffy13
{quote} hi All, not having the best of weeks. any advice on eur/jpy I'm hoping for a downside. what are your thoughts?? Thank you
According to T721's strategy for more successful trades you might be early.
Confirm it with him but here is an outline.
Look for daily candles to confirm a change in direction.
Look for engulfing 1hr or 4hr candles confirming that price is moving in the new direction.
Wait for the price to clear the wick of the daily candle that attracted you to the trade in the new direction and enter a trade in that direction.
SL to the other side of the daily candle that got you into the trade, TP 2x SL.
Pretty sure I have it right.
  • #741,068
  • Apr 14, 2023 3:05am Apr 14, 2023 3:05am
Holding my shorts. SL at BE.

BEARS are coming
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#Stay blue. /swinger/scalper/
  • #741,069
  • Apr 14, 2023 3:09am Apr 14, 2023 3:09am
Quoting Ehminiz
Holding my shorts. SL at BE. BEARS are coming {image}
partials taken. Will let the rest ride till news.

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#Stay blue. /swinger/scalper/
  • #741,070
  • Apr 14, 2023 3:11am Apr 14, 2023 3:11am
Quoting ninner
{quote} I am currently long and its in a nice uptrend. I see no evidence of a turn yet!!!
better close this longs
People don't plan to lose. They lose because they don't plan.
  • #741,071
  • Apr 14, 2023 3:15am Apr 14, 2023 3:15am
Im happy to see some green in my account, but soon to be happy.

Price is trading below asian range
but the main target is breaking 1.25
yesterday NY low.
  • #741,072
  • Apr 14, 2023 3:18am Apr 14, 2023 3:18am
1.2511 support line. either can go down or up.
  • #741,073
  • Apr 14, 2023 3:18am Apr 14, 2023 3:18am
Quoting AlfieSolomon
I'm some buys tp today's high {image}
took a. Hit -15 pips
  • #741,074
  • Apr 14, 2023 3:20am Apr 14, 2023 3:20am
Quoting dantpm
{quote} You have had brilliant indicator sets as well! The 4 color macd with a long period equal to the trend you are following (50, 200) and a short time period of 4-8 is a great tool for getting into, staying in and getting out of trades for example.


7 winning trades for 10 pips for each
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yes yes yes
  • #741,075
  • Apr 14, 2023 3:21am Apr 14, 2023 3:21am
Well still holding my longs and adding. This is my perspective on it. Is there a discussion about falling knives in this chart? It may be relevant for short-term trading on a 5-min timeframe. If 1.2500 is broke or just below, then I'm out. in a hole, so lets wait and see! I will have to go and lick my wounds!! The lone wolf!
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Don't trade what you think. Just what you see!!!
  • #741,076
  • Apr 14, 2023 3:27am Apr 14, 2023 3:27am
Quoting Theoak
Well still holding my longs and adding. This is my perspective on it. Is there a discussion about falling knives in this chart? It may be relevant for short-term trading on a 5-min timeframe. If 1.2500 is broke or just below, then I'm out. in a hole, so lets wait and see! I will have to go and lick my wounds!! The lone wolf! {image}
luck man. I will be waiting for such reactions.
#Stay blue. /swinger/scalper/
  • #741,077
  • Apr 14, 2023 3:30am Apr 14, 2023 3:30am
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yes yes yes
  • #741,078
  • Apr 14, 2023 3:31am Apr 14, 2023 3:31am
#GBPUSD / H4
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  • #741,079
  • Apr 14, 2023 3:35am Apr 14, 2023 3:35am
Quoting Moty
{quote} 7 winning trades for 10 pips for each {image}
On your 4 color macd, change the signal line to 4 so it reads 4,8,4
Set color 4 and 5 so that they stand out. Might improve the exits.
  • #741,080
  • Edited 3:54am Apr 14, 2023 3:38am | Edited 3:54am
Quoting Moty
{quote} 7 winning trades for 10 pips for each {image}
Dam good, im waiting for some hour only geting 1-3 pips. Whenever closed, price continoue
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