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Cable Update (GBPUSD)

  • #741,141
  • Apr 14, 2023 7:48am Apr 14, 2023 7:48am
Quoting Georginson
Sold GU 1.2533, target 1.2433... second sell limit at 1.2585 target 1 2175 (swing)... All stop at 1.2700... money management applied with minimal lot sizes...
Exited at 1.2465... + 68 pips... Good one bears.
Data + Stat + Risk/Emotions Management
  • #741,142
  • Apr 14, 2023 7:49am Apr 14, 2023 7:49am
Quoting ashur123
Support still holding. Sell position still active. {image}
Retail traders bearish by 55 to 75% doesn't support a push down in price.
  • #741,143
  • Apr 14, 2023 7:49am Apr 14, 2023 7:49am
change in the interest rate expectations after the red news caused the dollar to be bought, strange

Gold is also being dumped
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #741,144
  • Apr 14, 2023 7:49am Apr 14, 2023 7:49am
I just bought for 10 -15 pips.

my last trade for the day.
#Stay blue. /swinger/scalper/
  • #741,145
  • Apr 14, 2023 7:50am Apr 14, 2023 7:50am
retail rate data is bearish for dollar, but why dollar is rising
  • #741,146
  • Apr 14, 2023 7:51am Apr 14, 2023 7:51am
Quoting france001
retail rate data is bearish for dollar, but why dollar is rising
Exactly! This dosnt make any sense!
Ssandar
  • #741,147
  • Apr 14, 2023 7:52am Apr 14, 2023 7:52am
Quoting Ehminiz
I just bought for 10 -15 pips. my last trade for the day.
10-15 pips target.
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#Stay blue. /swinger/scalper/
  • #741,148
  • Apr 14, 2023 7:56am Apr 14, 2023 7:56am
Quoting france001
retail rate data is bearish for dollar, but why dollar is rising
USD side of every pair suggests retail is negative on the USD, great reason for the USD to rise!
https://www.myfxbook.com/community/outlook
  • #741,149
  • Apr 14, 2023 7:56am Apr 14, 2023 7:56am
Quoting Theoak
I don't believe that move!!!
The poor data from USA suggests that the pound should strengthen, not drop, providing an opportunity for big players to capitalize triggering stop loss orders and selling back at higher levels as the pound rises, thanks to the retail market.

Still holding my longs!!!
Don't trade what you think. Just what you see!!!
  • #741,150
  • Apr 14, 2023 7:58am Apr 14, 2023 7:58am
Quoting Moty
Drop like you just don't care {image}

Ty mister Aussie
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yes yes yes
  • #741,151
  • Apr 14, 2023 8:00am Apr 14, 2023 8:00am
Quoting dantpm
{quote} Retail traders bearish by 55 to 75% doesn't support a push down in price.
I agree. That's why I setup the sell orders. I open position sizes that allow me to absorb drawdowns in the event of price going against me, but the TP always gets hit whether it takes a day or 2.
  • #741,152
  • Apr 14, 2023 8:01am Apr 14, 2023 8:01am
Quoting Theoak
{quote} The poor data from USA suggests that the pound should strengthen, not drop, providing an opportunity for big players to capitalize triggering stop loss orders and selling back at higher levels as the pound rises, thanks to the retail market. Still holding my longs!!!
the dump won't last, I'm still in with my buy orders
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #741,153
  • Apr 14, 2023 8:01am Apr 14, 2023 8:01am
Long cable 1.247 & looking to add more after we get above 1.25. Trend is your friend
  • #741,154
  • Apr 14, 2023 8:01am Apr 14, 2023 8:01am
Quoting Ehminiz
I just bought for 10 -15 pips. my last trade for the day.
Closed.

and done for the day.

see y’all on Monday.
#Stay blue. /swinger/scalper/
  • #741,155
  • Apr 14, 2023 8:02am Apr 14, 2023 8:02am
enough for today..have a great weekend guys..keep calm and trade safe
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  • #741,156
  • Apr 14, 2023 8:02am Apr 14, 2023 8:02am
Another long, might be taking it at 10 pips, fryday is freak
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #741,157
  • Apr 14, 2023 8:08am Apr 14, 2023 8:08am
Quoting Theoak
{quote} The poor data from USA suggests that the pound should strengthen, not drop, providing an opportunity for big players to capitalize triggering stop loss orders and selling back at higher levels as the pound rises, thanks to the retail market. Still holding my longs!!!
Exactly. There is no reason for a GBPUSD sell from the news data. So, I'd say the news data released was of zero immediate impact on the price.
  • #741,158
  • Apr 14, 2023 8:09am Apr 14, 2023 8:09am
Quoting france001
retail rate data is bearish for dollar, but why dollar is rising
Triggering of stop loss orders to manipulate prices and create a downward pressure a tactic employed by the market makers. However I'm not falling for it and will take advantage. I plan to sell my position later when price rebounds.
Don't trade what you think. Just what you see!!!
  • #741,159
  • Apr 14, 2023 8:13am Apr 14, 2023 8:13am
Quoting france001
retail rate data is bearish for dollar, but why dollar is rising
Lost in Narrative
  • #741,160
  • Apr 14, 2023 8:16am Apr 14, 2023 8:16am
Quoting voeltoez
enough for today..have a great weekend guys..keep calm and trade safe {image}
which broker are you using bro ?
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