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Cable Update (GBPUSD)

  • #813,961
  • Mar 5, 2024 5:20am Mar 5, 2024 5:20am
Quoting Headland
G/M. This is my last post here, (for now?) After the nonsense over the w/e and y/day of the various ongoing (yawn,!) egotistic pissing contests, petty vendettas, and arguments, this is not a place conducive for serious traders who just want to make money to hang out. I might look in later in the year to see if it has settled down any, but for now, Headland out.
good idea, i've also closed up here a bit.

i only follow individual interesting members, but no longer follow the thread as a whole.

please tell me where you might be going, if at all please pm me. thanks.
trading is like dancing, don't think and just listen to the music!
  • #813,962
  • Mar 5, 2024 5:20am Mar 5, 2024 5:20am
Today's 05/03/24 Support & Resistance on MT5 Template

EURO
CABLE
JPY/USD
GOLD

https://www.forexfactory.com/thread/...8#post14781248
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #813,963
  • Mar 5, 2024 5:22am Mar 5, 2024 5:22am
Quoting HaLBot
{quote} Australia is a commodity country with a huge amount of our export trade in minerals but right now as far as I'm aware Iron ore price has collapsed
Sir you have a very good point! I was looking at Sliver and Gold but didn't really pay much attention to Iron. Now i know what's wrong. Thanks a lot
You have to have an IQ higher than 90 to interact with this user.
  • #813,964
  • Mar 5, 2024 5:24am Mar 5, 2024 5:24am
Quoting Nordling
{quote} Sir you have a very good point! I was looking at Sliver and Gold but didn't really pay much attention to Iron. Now i know what's wrong. Thanks a lot

Our biggest trading partner is China and when things not going so well there it has an impact on our economy.....
Don't Leave Money on the Table
  • #813,965
  • Mar 5, 2024 5:24am Mar 5, 2024 5:24am
Anyone realised how the thread became so peaceful and so full of trading again after Ferna got suspended? I wish he got the suspension earlier, before Headland left
You have to have an IQ higher than 90 to interact with this user.
  • #813,967
  • Mar 5, 2024 5:27am Mar 5, 2024 5:27am
Quoting HaLBot
{quote} Our biggest trading partner is China and when things not going so well there it has an impact on our economy.....
That's also a good point. No more longs on AUD-NZD for me until Chinese economy and iron prices picks up. I really appreciate it
You have to have an IQ higher than 90 to interact with this user.
  • #813,968
  • Mar 5, 2024 5:28am Mar 5, 2024 5:28am
Was there every any proof Headland was what he claimed to be? Or are you all just that willing to believe anything people tell you?
Congratulations ScalaFX for coming out of the closet!
  • #813,969
  • Mar 5, 2024 5:29am Mar 5, 2024 5:29am
Quoting Nordling
{quote} Closed those ones last night without anything. While Gold and Silver are shooting up, AUD and NZD are not moving. Interesting... Can someone explain what is wrong with AUD and NZD fundamentally? {image}
AUD and NZD both have close inter-relationships with the EUR/AUD and EUR/NZD crosses (but also GBP crosses too). Should never trade AUD or NZD long if the crosses are bullish. This is the monitor set up I have for both. I'm looking for a long entry on AUD around 0.6450 but that will depend on the cross, the candles and support holding on the higher time frame 61.8 fib (38.2 in reverse).
Attached Image (click to enlarge)
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  • #813,970
  • Mar 5, 2024 5:29am Mar 5, 2024 5:29am
Quoting Nordling
{quote} Oops they don't want trading discussion? Wow im surprised They just want drama maybe Pat they tricked us

nordling...you cant just suspend one of them cause all you do is stir up their hornets nest

you have to get em all especially the larva like nubcake

Inserted Video
short trump and go long the deepstate
  • #813,971
  • Mar 5, 2024 5:29am Mar 5, 2024 5:29am
Quoting nubcake
{quote} No no we need to make sure that this thread is up to your standard, which Scala doesn't seem to fit since he's saying things that are hurting my feelings way down deep inside. I'm sure it offends your sensibilities just as much, since very innocuous stuff is enough to send you to the cleanup button! So, mass-report Scala, yes? What do?
thread opener is no more active so this thread have no chef to tell what you can or no! One is pretty sure that you are a fuckin moron and you will be!!
People don't plan to lose. They lose because they don't plan.
  • #813,972
  • Mar 5, 2024 5:30am Mar 5, 2024 5:30am
Quoting Nordling
{quote} That's also a good point. No more longs on AUD-NZD for me until Chinese economy and iron prices picks up. I really appreciate it

There are our own fundamentals that'll drive price as well as US data drops, so if Cable and Euro pumping of of data there is a good chance the Aussie will do the same
Don't Leave Money on the Table
  • #813,973
  • Mar 5, 2024 5:31am Mar 5, 2024 5:31am
banked, bored.
Attached Image (click to enlarge)
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chaos is just unknown order
  • #813,974
  • Mar 5, 2024 5:35am Mar 5, 2024 5:35am
Quoting Jade Gate
{quote} AUD and NZD both have close inter-relationships with the EUR/AUD and EUR/NZD crosses (but also GBP crosses too). Should never trade AUD or NZD long if the crosses are bullish. This is the monitor set up I have for both. I'm looking for a long entry on AUD around 0.6450 but that will depend on the cross, the candles and support holding on the higher time frame 61.8 fib (38.2 in reverse). {image}
That was eye opening, may i ask why shouldn't i trade them long if GBP-EUR crosses are bullish though Is there a specific reason why they are reversely correlated Thank you so much
You have to have an IQ higher than 90 to interact with this user.
  • #813,975
  • Mar 5, 2024 5:36am Mar 5, 2024 5:36am
Short GU 1.2680

TP 30pips

SL open
  • #813,976
  • Mar 5, 2024 5:40am Mar 5, 2024 5:40am
Went back to H1 drawing board instead of M5.
Checking on bigger picture that downside is likely limited while upside is high probable. However news may do LQ sweep before strong push.

Can refer to Coreg's chart for GU posted yesterday for detailed view.

Also, no point staying here anymore if Headland isn't here.
Exhausted
  • #813,977
  • Mar 5, 2024 5:41am Mar 5, 2024 5:41am
Quoting Zebi
i think ill stay up past my bedtime into london time....lots of thunderstorms all nite so they wont let me sleep anyways a couple times i posted this monthly dollar chart and said theres no way in hell price will fall thru that long term support .... someone today was talking about the dollar falling a couple weeks so heres a daily chart... i havent said anything about it the past week since ive been saving it for its unveiling at a a critical juncture LOL....i love using those two words doesnt look like there was any damage down technically...

i shud have just goin to sleep instead of staying up cause london not doin anything

its not worth me losing my beauty because of lack of sleep
short trump and go long the deepstate
  • #813,978
  • Mar 5, 2024 5:42am Mar 5, 2024 5:42am
Could go to WR2 ?
Attached Image (click to enlarge)
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Precise Execution!
  • #813,979
  • Mar 5, 2024 5:51am Mar 5, 2024 5:51am
Quoting Nordling
Anyone realised how the thread became so peaceful and so full of trading again after Ferna got suspended? I wish he got the suspension earlier, before Headland left
what do you mean headland leaving? Is he gone on holiday or left the forum?
Insane in the Brain..
  • #813,980
  • Mar 5, 2024 5:51am Mar 5, 2024 5:51am
Quoting Nordling
{quote} That was eye opening, may i ask why shouldn't i trade them long if GBP-EUR crosses are bullish though Is there a specific reason why they are reversely correlated Thank you so much
Good question. Understanding the inter-relationships between the currencies and also the currency inter-relationship with the equities indices MATTERS A LOT.

If market thinks the indices are going to run short, they will dump AUD and NZD in favour of holding higher value currencies, like EUR and GBP.

One caveat, sometimes, market will load up AUD and NZD ahead of a short binge on the indices, in order to have them in their arsenal in the event they need to be dumped later. That's why I'm looking to see if support holds on AUD at 0.6450 or not.

Another thing to keep in mind, AUD does not have the debt load that the US has. We are a little in the black in fact. So that does count in our favour, but as other Aussie traders have said here, AUD does have some headwinds with the price of iron ore dropping (and nickel) and strained trading relationship with China. But we do have good relations with India which is rapidly becoming a more important trading partner than China.
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