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Cable Update (GBPUSD)

  • #803,181
  • Jan 16, 2024 9:12pm Jan 16, 2024 9:12pm
Quoting 7154Superman
By looking at fundamentals and forecasted news releases for this week, and current market "risk off" sentiment that became obvious on Friday and over the weekend, and without looking at what anybody else here on FF has to say, my gut instinct tells me to avoid buying EUR/USD and GBP/USD longs, even for hedging, but instead enter shorts, sell rallies and hold the shorts. My guesstimate is 100-200 pips south for the next 3 days this week before any significant bounce. I could be wrong, though, so don't follow my trades. Do your own research and follow...
Was this accurate too??
You cannot fail if you never give up.
  • #803,182
  • Jan 16, 2024 9:56pm Jan 16, 2024 9:56pm
Quoting fontu
Breakout in daily tf but weekly still bullish till confirmation 2595.so looking for it. Take care {image} {image}
Likely actual test /breaks 2595 good signal level today , not confirmation bear yet. Again The present wave running a last leg down , may base effects as this sr and correction tries may again at some lows for 2657 to above 2686 possible. Lets see how reacts! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #803,183
  • Jan 16, 2024 9:56pm Jan 16, 2024 9:56pm
Usdchf long. Sl ema 20
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  • #803,184
  • Jan 16, 2024 10:04pm Jan 16, 2024 10:04pm
Quoting Zebi
{quote} closed green so prolly bounce to 2680 where ill place sell limit orders there and 2690 and 2700
doesnt look like theyll be much of a bounce so cancelled my orders and will trade ny
short trump and go long the deepstate
  • #803,185
  • Jan 16, 2024 10:04pm Jan 16, 2024 10:04pm
Morning scalp done..better stay away from market now..bearish strong but H4 wanna go up. risk bull and bear trap
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  • #803,186
  • Jan 16, 2024 10:06pm Jan 16, 2024 10:06pm
Quoting 7154Superman
{quote} Was this accurate too??

youre gut instinct was full of it

good job keep it up...youll be hated like i am in no time
short trump and go long the deepstate
  • #803,187
  • Jan 16, 2024 10:11pm Jan 16, 2024 10:11pm
Quoting voeltoez
Morning scalp done..better stay away from market now..bearish strong but H4 wanna go up. risk bull and bear trap {image}
Hi voeltz----

M learning, just want to understand how can u say H4 wanna go up, as we speak it is looking like bearish engulfing H4, i really like your analysis therefore trying to learn
  • #803,188
  • Jan 16, 2024 10:19pm Jan 16, 2024 10:19pm
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  • #803,189
  • Jan 16, 2024 10:21pm Jan 16, 2024 10:21pm
Quoting cablekingdom
{quote} Hi voeltz---- M learning, just want to understand how can u say H4 wanna go up, as we speak it is looking like bearish engulfing H4, i really like your analysis therefore trying to learn
there is adx pattern on H4 signal for reversal.but its very small chance..
im long 2622 now, sl 2615
add sell stop @2614 tp 2580
  • #803,190
  • Jan 16, 2024 10:27pm Jan 16, 2024 10:27pm
Quoting 7154Superman
{quote} Was this accurate too??
why dont trade it live if you so accurate
  • #803,191
  • Jan 16, 2024 10:29pm Jan 16, 2024 10:29pm
Quoting voeltoez
{quote} there is adx pattern on H4 signal for reversal.but its very small chance.. im long 2622 now, sl 2615 add sell stop @2614 tp 2580
One more thing buddy, y sell stop @1.2614...my logic says that below 1.2614 is 1.2610 which is major swing low, if that liquidity gets sweeped then there will be a minor pullback to 1.2640 levels
  • #803,192
  • Jan 16, 2024 10:33pm Jan 16, 2024 10:33pm
Sidelines… interested in buying below 1.26……
also gold buy stop at 2017…..
Extreme gut feeling trader
  • #803,193
  • Jan 16, 2024 10:35pm Jan 16, 2024 10:35pm
Long 1.2618
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #803,194
  • Jan 16, 2024 10:35pm Jan 16, 2024 10:35pm
Quoting cablekingdom
{quote} One more thing buddy, y sell stop @1.2614...my logic says that below 1.2614 is 1.2610 which is major swing low, if that gets sweeped then there will be a liquidity & minor pullback to 1.2640 levels
its lowerbands H1 hold..yes im risking if it bounce up to 2636 midbands or 2658 upper.. but i will add short there..
all SL at 2715 where midbands H4 hold
  • #803,195
  • Jan 16, 2024 10:41pm Jan 16, 2024 10:41pm
Quoting voeltoez
{quote} why dont trade it live if you so accurate
Oh, I will trade live very soon. Right now, I want to set a precedent of gaining +100% ROI on my demo accounts before switching to live. If the goal is achieved, then I can have confidence to continue trading in the same manner with real $$.
Currently, I have achieved +100% on 4 of my demo accounts, so now I have 4 live accounts of $100 ready to trade. 3 more demo accounts are in the +70-90% range and 1 is around break even after calculating unrealized losses.
You cannot fail if you never give up.
  • #803,196
  • Jan 16, 2024 10:46pm Jan 16, 2024 10:46pm
Quoting Yngwie
Long 1.2618
carefull Red News in 2hr
  • #803,197
  • Jan 16, 2024 11:23pm Jan 16, 2024 11:23pm
Quoting 7154Superman
{quote} Oh, I will trade live very soon. Right now, I want to set a precedent of gaining +100% ROI on my demo accounts before switching to live. If the goal is achieved, then I can have confidence to continue trading in the same manner with real $$. Currently, I have achieved +100% on 4 of my demo accounts, so now I have 4 live accounts of $100 ready to trade. 3 more demo accounts are in the +70-90% range and 1 is around break even after calculating unrealized losses.
Another demo account reached +100% just now. So, now 5 live accounts ready to go. Only 3 demo left.
You cannot fail if you never give up.
  • #803,198
  • Edited 11:46pm Jan 16, 2024 11:24pm | Edited 11:46pm
Quoting Jolita
Day after US bank holiday dollar usually bought
Great information you exposed here. We don't know it all and this is where I was caught. The "gap" up on DAX is a testament. I am just pained seeing all my beautiful set up. My account was $300+ floating equity 2 days ago and I didn't close it. When the dollar resumed trading after the holiday, my equity fell $235. I decided to scalp it up with a higher lot size and the dollar kept moving higher. I injected additional $75 and $151 respectively and they all went down the drain. All capital + borrowings totally $861+ Yesterday just took away $543.50 including profits combined. This time can't even be recovered now because I am not trading.
I was in profit before these disaster happened. I have not been able to get over this because the whole of my funds is trapped. Trading without backup is disastrous and this hit me hard.
https://trader.ftmo.com/metrix/1040315039
  • #803,199
  • Jan 16, 2024 11:41pm Jan 16, 2024 11:41pm
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  • #803,200
  • Jan 16, 2024 11:58pm Jan 16, 2024 11:58pm
december cpi bad make down 100pips a day,
lets see if drop maybe weekly target at 2500-2470 will touch today..
if not bull could test 2700-2750
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