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Cable Update (GBPUSD)

  • #743,761
  • May 2, 2023 11:29am May 2, 2023 11:29am
Quoting mitiblotch
{quote} i hope someone took this trade with me. +134 pips tp hit. That's more than enough for the day. Sniper entry and exit. {image}


i am trading gold as my major now

gu minor
MY OPINION NOT FINANCIAL ADVISE
  • #743,762
  • May 2, 2023 11:34am May 2, 2023 11:34am
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yes yes yes
  • #743,763
  • May 2, 2023 11:35am May 2, 2023 11:35am
Quoting Pat Chiko
{quote} Gold spike up....
soooooooooon
train didn't stop wait
  • #743,764
  • May 2, 2023 11:54am May 2, 2023 11:54am
Quoting Pat Chiko
{quote} Let me share you my newbie answer. Im still learning. There is JOLTS data release prior to the spike up. The number is not good for USD, thus in weaker position, gold spike up. Same as GBP, it goes up a bit but not as excessive as gold. Since GBP is a weak If you got time , next time please check Calender section of FF, they are very informative and educational.{image} I hope my answer is correct. Unless some pro or any experience traders in this thread want to add more.
thanks Pat. Was wondering why.
  • #743,765
  • May 2, 2023 12:38pm May 2, 2023 12:38pm
2480 zones nice swing area to short cable with tight stops just above 2500 levels.

USD somewhat supported at current levels and could rebound into Asia to retest previous session highs before resuming a downtrend.

If this scenario doesn't play out and USD is able to break below current support we would expect to see cable continue on an upward march beyond 2500 levels.
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  • #743,766
  • May 2, 2023 12:44pm May 2, 2023 12:44pm
Quoting donfriday
{quote} i am trading gold as my major now gu minor
Don, what is your view about Gold? Are you selling hard with me?
People don't plan to lose. They lose because they don't plan.
  • #743,767
  • May 2, 2023 12:48pm May 2, 2023 12:48pm
Quoting ScalaFX
{quote} Don, what is your view about Gold? Are you selling hard with me?


targeting 1950


maybe more but for now i target 1950
MY OPINION NOT FINANCIAL ADVISE
  • #743,768
  • Edited 2:05pm May 2, 2023 1:09pm | Edited 2:05pm
Quoting donfriday
{quote} targeting 1950 maybe more but for now i target 1950


nous devons casser le support 2010 et seulement après on ira vers 2008

very good support it can go up to 2019 before going down
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  • #743,769
  • May 2, 2023 1:10pm May 2, 2023 1:10pm
Quoting donfriday
{quote} targeting 1950 maybe more but for now i target 1950
Good to have same view with somebody else see you there
People don't plan to lose. They lose because they don't plan.
  • #743,770
  • May 2, 2023 1:16pm May 2, 2023 1:16pm
Quoting ScalaFX
{quote} Good to have same view with somebody else see you there
I have the same thought as yours. Today gold goes up steadily to build long bias. They buy to sell more (real intention behind).
  • #743,771
  • May 2, 2023 1:17pm May 2, 2023 1:17pm
GU, possible targets
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People don't plan to lose. They lose because they don't plan.
  • #743,772
  • May 2, 2023 1:19pm May 2, 2023 1:19pm
Quoting spacca
{quote} nous devons casser le support 2010 et seulement après on ira vers 2008 comme vous pouvez le voir le support fonctionne très bien hahahahahahaah quand tu ne sais pas quelque chose tu demandes au chat il sait toujours...
you make some scalp, I thinking medium term, swing, happy trading
People don't plan to lose. They lose because they don't plan.
  • #743,773
  • May 2, 2023 1:27pm May 2, 2023 1:27pm
Quoting ScalaFX
{quote} you make some scalp, I thinking medium term, swing, happy trading
every evening the money must be at home my happiness and serenity are worth much more than open orders at night
I use multiple orders and grid with step ,, also but I always close if I want to sleep well
here a gap ,,,where we will go but I don't know when
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  • #743,774
  • May 2, 2023 1:33pm May 2, 2023 1:33pm
Quoting spacca
{quote} every evening the money must be at home my happiness and serenity are worth much more than open orders at night I use multiple orders and grid with step ,, also but I always close if I want to sleep well here a gap ,,,where we will go but I don't know when {image}
good to know that, now I think everybody in this thread will close orders before night to sleep well cheers!
People don't plan to lose. They lose because they don't plan.
  • #743,775
  • May 2, 2023 1:46pm May 2, 2023 1:46pm
Quoting ScalaFX
{quote} good to know that, now I think everybody in this thread will close orders before night to sleep well cheers!

The hell we will! I keep my open as long as possible for the positive swap fees. I have a trade that is open right now, and has been open for a week and a half. The profit is currently at $10, but the swap fees are at +40$. Had I closed this same trade I would have had a small loss. As it stands it gave me the time I needed to wait for price to circle back as I knew it would. Except now even a small bit of profit is offset by the positive swap fee. I love it. Turned me into a swing trader. Not all brokers offer them though. My last one didn't which is why I quit LMFX.
Don't compare your trades to others. Most often the masses are the asses
  • #743,776
  • May 2, 2023 1:57pm May 2, 2023 1:57pm
https://www.forexfactory.com/thread/...0#post14413270

https://www.forexfactory.com/thread/...1#post14413261
this a nice place to be ,, not Cable update hahahaaah BY BY
  • #743,777
  • May 2, 2023 1:57pm May 2, 2023 1:57pm
Quoting OBsayMkMoney
{quote} The hell we will! I keep my open as long as possible for the positive swap fees. I have a trade that is open right now, and has been open for a week and a half. The profit is currently at $10, but the swap fees are at +40$. Had I closed this same trade I would have had a small loss. As it stands it gave me the time I needed to wait for price to circle back as I knew it would. Except now even a small bit of profit is offset by the positive swap fee. I love it. Turned me into a swing trader. Not all brokers offer them though. My last one didn't...
thats right! My FxPro offers them too, but not everybody know this that you can earning some extras while your trades keeps open, green pips to you buddy!
People don't plan to lose. They lose because they don't plan.
  • #743,778
  • May 2, 2023 2:30pm May 2, 2023 2:30pm
Quoting OBsayMkMoney
{quote} The hell we will! I keep my open as long as possible for the positive swap fees. I have a trade that is open right now, and has been open for a week and a half. The profit is currently at $10, but the swap fees are at +40$. Had I closed this same trade I would have had a small loss. As it stands it gave me the time I needed to wait for price to circle back as I knew it would. Except now even a small bit of profit is offset by the positive swap fee. I love it. Turned me into a swing trader. Not all brokers offer them though. My last one didn't...
Works great for a sell transaction. Now what about a buy transaction?
  • #743,779
  • May 2, 2023 2:34pm May 2, 2023 2:34pm
Quoting dantpm
{quote} Works great for a sell transaction. Now what about a buy transaction?

Huh? I am referring to buys. I am long USD/JPY to 144
Don't compare your trades to others. Most often the masses are the asses
  • #743,780
  • May 2, 2023 2:36pm May 2, 2023 2:36pm
Quoting OBsayMkMoney
{quote} Huh? I am referring to buys. I am long USD/JPY to 144
Pretty sure when you have a buy, the swap fees are deducted from your proceeds or the balance in your account. When you have a sell they are added. You might want to check.
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