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Cable Update (GBPUSD)

  • #818,521
  • Mar 22, 2024 11:08am Mar 22, 2024 11:08am
Quoting Coreg2004
{quote} LT, I hate to trade currencies after 2 pm NY time unless we have an FOMC meeting so volatility is expected. Indices and options are better bets for the afternoon session.
I trade indices too. US30 and US100.
  • #818,522
  • Mar 22, 2024 11:19am Mar 22, 2024 11:19am
Quoting Zebi
{quote} i dont know...you should ask that other guy thats bullish gold what he thinks
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I'm not always right.. I'm not always wrong neither
  • #818,523
  • Mar 22, 2024 11:24am Mar 22, 2024 11:24am
Quoting LoneTrader1
{quote} I trade indices too. US30 and US100.
LT, only micro ES, and SPY options.
Always trade your own plan...I don't provide trading signals.
  • #818,524
  • Mar 22, 2024 11:38am Mar 22, 2024 11:38am
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  • #818,525
  • Mar 22, 2024 11:45am Mar 22, 2024 11:45am
Just a personal opinion. still on view.
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Look right, we'll see the signs
  • #818,526
  • Mar 22, 2024 11:49am Mar 22, 2024 11:49am
Quoting Waveskierrob
{image}
...and
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Always trade your own plan...I don't provide trading signals.
  • #818,527
  • Mar 22, 2024 11:57am Mar 22, 2024 11:57am
Quoting Coreg2004
{quote} ...and {image}
...and
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  • #818,528
  • Mar 22, 2024 12:07pm Mar 22, 2024 12:07pm
Quoting Waveskierrob
{quote} ...and {image}
I babysit micro ES trade...you have a fricken life.
Always trade your own plan...I don't provide trading signals.
  • #818,529
  • Mar 22, 2024 12:07pm Mar 22, 2024 12:07pm
Have a great weekend all
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Insane in the Brain..
  • #818,530
  • Mar 22, 2024 12:09pm Mar 22, 2024 12:09pm
Quoting NextElliott
{quote} {image}

yeah NEXT LOL
gold just retraced all of the wednesday fed candle now it can continue down on the original sell signals we had from last week


i havent read the gold chat last couple days ...there still alot of bulls left?...


buying the dips is a worse disease than mad cow
short trump and go long the deepstate
  • #818,531
  • Mar 22, 2024 12:23pm Mar 22, 2024 12:23pm
ill have more to say about the dollar over the weekend...that way fewer of my enemies will notice and use it
short trump and go long the deepstate
  • #818,532
  • Mar 22, 2024 12:32pm Mar 22, 2024 12:32pm
Quoting Whatevs
{quote} I actually listened to this song yesterday along with Free Bird and this one which I think is my fave from them... Tu ru tu ru tu ru tu rurururu... https://www.youtube.com/watch?v=LJrFxnvcWhc

i might have to pick the breeze from skynard ... when i used to joyride my classics thats what id be playing and deep purples hiway star


Inserted Video

Inserted Video


2 of my favorite speeding songs
short trump and go long the deepstate
  • #818,533
  • Mar 22, 2024 12:37pm Mar 22, 2024 12:37pm
Quoting Pat Chiko
{quote} GOLD Closed previous scalp Open another scalp LONG.{image}
Quoting Zebi
{quote} i dont know...you should ask that other guy thats bullish gold what he thinks
Hi Zebi,

You hit the nail on the head - most of us are just out there winging it, myself included sometimes.
That's why I love your approach of looking for guidance!
I agree with your signature 95% traders are loser (me included).
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Now, going long on gold and aiming to cash out (or stopped out) by Monday could work, but it's a gamble.
The market can be fickle, you know?
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Here's the thing, Zebi can you some give me some advice, on the long trade and a quick Monday flip ?
Let me know if that sounds good,

Thanks you in Advance
Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #818,534
  • Mar 22, 2024 12:38pm Mar 22, 2024 12:38pm
Quoting Zebi
{quote} yeah NEXT LOL gold just retraced all of the wednesday fed candle now it can continue down on the original sell signals we had from last week i havent read the gold chat last couple days ...there still alot of bulls left?... buying the dips is a worse disease than mad cow
D1 retrace will happen next after confirmation sell by H4 with new LL. In my opinion, the minimum retrace should be around 2180, and the maximum maybe 2200. Seems corrective by D1 before continued sell. Just a personal opinion. Trade safe
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Look right, we'll see the signs
  • #818,535
  • Mar 22, 2024 12:40pm Mar 22, 2024 12:40pm
Quoting Pat Chiko
{quote} {quote} Hi Zebi, You hit the nail on the head - most of us are just out there winging it, myself included sometimes. That's why I love your approach of looking for guidance! I agree with your signature 95% traders are loser (me included).{image} Now, going long on gold and aiming to cash out (or stopped out) by Monday could work, but it's a gamble. The market can be fickle, you know? {image} Here's the thing, Zebi can you some give me some advice, on the long trade and a quick Monday flip ? Let me know if that sounds good, Thanks you in...

yey. agreed. D1 corrective. 2180 to 2200. Just a personal opinion
Look right, we'll see the signs
  • #818,536
  • Mar 22, 2024 12:42pm Mar 22, 2024 12:42pm
Quoting KalC
Long Cable Oz 1.93150
Out for +25 scalped and closed brothers, check your charts.

Remember! Analysis paralysis is detrimental to your health, and if you are reading the news; you are already too late.

Check back in next week for more tips.

Now if you excuse me, my new briar pipe and a bottle of the finest scotch awaits.
  • #818,537
  • Mar 22, 2024 12:53pm Mar 22, 2024 12:53pm
Quoting Zebi
there lots of stops above that line...or liquidity like you youngins say there prolly more UJ buy orders above that line than sell {image}
UJ

But, Im already in SHORT position. Maybe I should close this short .... What say you Zebi ....

Quoting NextElliott
{quote} Zebi, Wanna Buy UJ @ 151.63 SL- 150.56 TP-153.23.. What you suggest
Thanks for sharing trade ideas.

Quoting NextElliott
{quote} I'm expecting today or Monday if not SL hit 74% Seller & 26% Buyers at this moment .. Definitely UJ will rise to blow up sellers
Thanks. That's my worry too. I'm already in SHORT position. Maybe it is a mistake in hurry to SHORT ( FOMO).


UJ

Current scalping position.
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This trade makes me worry getting stopped out ,as both Zebi & NextElliott are going LONNG......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #818,538
  • Mar 22, 2024 12:56pm Mar 22, 2024 12:56pm
I consider myself pretty good at this.

My bias has been, since the bull trap FOMC pump, über bearish.

Yet....

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This is what u truly call snatching small defeat, from the jaws of momentous victory

Only big trade was the FOMC pump fade I, that I scratched, but this behaviour has been replicated across EURUSD, and also snatching at pennies on a US30 long.

Time to go back to work methinks (real work)
  • #818,539
  • Mar 22, 2024 12:59pm Mar 22, 2024 12:59pm
Quoting Pat Chiko
{quote} {quote} Hi Zebi, You hit the nail on the head - most of us are just out there winging it, myself included sometimes. That's why I love your approach of looking for guidance! I agree with your signature 95% traders are loser (me included).{image} Now, going long on gold and aiming to cash out (or stopped out) by Monday could work, but it's a gamble. The market can be fickle, you know? {image} Here's the thing, Zebi can you some give me some advice, on the long trade and a quick Monday flip ? Let me know if that sounds good, Thanks you in...
short term i agree with azhantahir above ...longer term im bearish on the monthly and quarterly

this is my longterm view...if you see a comet approaching earth is when its time to buy gold for a permanent breakout LOL

Quoting Zebi
{quote} price is at the highs so you have to ask yourself if you think bulls will braekout since they havent been able to for a long time look at the monthly and quarterly charts...price always fell everytime it came this high you just shorted too soon but sounds like you kept size small i dont know your risk tolerance or if the money you lose wont matter to your standard of living but this is the wrong time to close and cover...this reminds me of last year when china was buying gold during the summer and levitating gold heres a monthly...
Quoting Zebi
ok gentlemen and the lovely isabellaD ...theres just 13 trading days left in the quarter so time to dust off that chart {quote} {quote} {quote}\ looks like the viagras wearing off on the daily if you take a moment to look at this updated quarterly chart you can see price starting to breakdown from the highs..if gold closes below the black line thats last quarters high but above the red which is the june 2020 high it will be bearish but price will attempt another run at the highs again in a couple quarters which is 6 months ...
just ignore what happened fed wednesday cause that was a trap to punish bulls across all instruments so just continue with the original TA

anyways its time to look at quarterly chart since just 5 trading days left

i explain my view in the second quote...a lower low is hiding in plain sight that keeps preventing gold breakout attempts to hold LOL
short trump and go long the deepstate
  • #818,540
  • Edited Mar 23, 2024 9:37am Mar 22, 2024 1:01pm | Edited Mar 23, 2024 9:37am
Quoting Pat Chiko
{quote} {quote} Hi Zebi, You hit the nail on the head - most of us are just out there winging it, myself included sometimes. That's why I love your approach of looking for guidance! I agree with your signature 95% traders are loser (me included).{image} Now, going long on gold and aiming to cash out (or stopped out) by Monday could work, but it's a gamble. The market can be fickle, you know? {image} Here's the thing, Zebi can you some give me some advice, on the long trade and a quick Monday flip ? Let me know if that sounds good, Thanks you in...
Pat,
you're not get much joy out of Zebi on a long since he's been so bearish he only has one button, the opposite of his $ outlook, a technique from the 90's.
Eventually, he will be deadly right though, which I'm sure he will remain super humble about?? and not delve into that Bones file on his desktop.

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