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Cable Update (GBPUSD)

  • #818,741
  • Mar 25, 2024 10:22am Mar 25, 2024 10:22am
Quoting Fardeen1209
{quote} JPY futures {image} Potential bounce before trend down resumes?
Appreciated. Waiting a whole day for this setup.
Look right, we'll see the signs
  • #818,742
  • Mar 25, 2024 10:34am Mar 25, 2024 10:34am
Quoting eyefeelsix
{quote} static trailing-stop to protect myProfit +80p total into the wallet {image}

add last buy for the maximum profits ( 9p range to exit point )

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https://breakpullback.com
  • #818,743
  • Mar 25, 2024 10:59am Mar 25, 2024 10:59am
Quoting Whatevs
{quote} Thanks man! Now, that's interesting... this e wave should be the final one right? Red area invalidates the setup and the green area is where the price should land is that what you're saying? Sorry, new to this obviously haha... Also, I forgot the thing about the c wave... c wave cannot be the shortest wave or something like that? Or c wave has to be shortest wave? I'm asking, because if c wave cannot be the shortest wave, then we actually have the highs on GBP/JPY, right? Wave a was 1000 pips, c wave was 600 pips and e wave is now 550 pips....
Whatevs, a very smart approach...Impulse, correction, impulse, correction...this way you know the potential end of correction or impulse.
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Always trade your own plan...I don't provide trading signals.
  • #818,744
  • Mar 25, 2024 11:22am Mar 25, 2024 11:22am
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yes yes yes
  • #818,745
  • Mar 25, 2024 12:00pm Mar 25, 2024 12:00pm
Quoting Zebi
long UJ 151.59 tp 152.20 goin to bed ill wkae up in 5 hours see how things are going

still long UJ...i hate when they use slow fuses to ignite rockets
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short trump and go long the deepstate
  • #818,746
  • Mar 25, 2024 12:02pm Mar 25, 2024 12:02pm
Quoting Zebi
i placed sell limits at 2670,2675 and 2680 if price gets that high while im sleeping later

my sell limits didnt get hit but im leaving them in....so not short yet
short trump and go long the deepstate
  • #818,747
  • Mar 25, 2024 1:42pm Mar 25, 2024 1:42pm
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
Zebi, as we discussed regarding UJ.. Waiting for our TP to hit .. UJ will rise more
I'm not always right.. I'm not always wrong neither
  • #818,748
  • Mar 25, 2024 2:43pm Mar 25, 2024 2:43pm
gbpusd - 30min
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  • #818,749
  • Mar 25, 2024 4:47pm Mar 25, 2024 4:47pm
Quoting Pat Chiko
{quote} GU is always tricky, manipulation, challenging, Knotty, Perplexing Trade safe This not trade signal. Only my newbie view. {image}
Snap!

(Thinking along similar lines)

Here is a rule of thumb that I use for such scenarios with retraces back into big impulse moves that look good for more in same direction.

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'Pitchfork Pivot'. Determined by drilling down to lower timeframes and seeking pivot right after RSI has reached it's deepest point for the whole impulse move down.

Pick a fib level at 61.8% and above, that aligns with some nice S&D zones, and also corresponds with market structure. Right now, GBPUSD on 15min looks like it is in a wave 4, thus hitting 61.8% would be too aggressive for my liking. the 78.6% level, nicely aligning with a much more significant S&D zone looking better. Hit blind and assess reaction off the level and also preceding market structure when in trade.
  • #818,750
  • Mar 25, 2024 5:32pm Mar 25, 2024 5:32pm
Quoting TraderFX.Id
{quote} I thinkbthis week is last chance btc for rake lowest for the year before going break ath at halving, my sl 70k, because we are on mid daily bands now, if break im surrender to short and done trade btc
Lol im done btc..removing from my trade list.

Short GU 2640
Long UJ 151.36 /151.40 damn spread
dont teach me how to buy. im sellers!!
  • #818,751
  • Mar 25, 2024 6:05pm Mar 25, 2024 6:05pm
Quoting NextElliott
{quote} Zebi, as we discussed regarding UJ.. Waiting for our TP to hit .. UJ will rise more
Good luck with that. BOJ has a thing for putting in floors and ceilings. And btw, can't believe you are taking your intel from the minuscule number of trades on the trade explorers in FF. Seriously? BOJ has bottomless pockets when it comes to floors and ceilings (history shows). But each to their own and good luck.
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  • #818,752
  • Mar 25, 2024 7:04pm Mar 25, 2024 7:04pm
Quoting TraderFX.Id
{quote} Lol im done btc..removing from my trade list. Short GU 2640 Long UJ 151.36 /151.40 damn spread
Right, for me BTC provides awesome moves sometimes but it can be unpredictable as well. Sometimes market goes one way, BTC goes another, or at least the spread gets too big. For example, EURUSD is up 40 pips from it's lowest low last week, not a major change. Just a stall in bearish trend or a small pullback. Same with GU, 60 pips. However, BTC already came close to ATHs tho.

I don't see a very strong correlation between DXY and BTC which is why i stay away from it or test the waters with small positions and tight SLs. I like to trade DXY correlated pairs such as EU and GU. Which is also why i don't go to other threads, only GU and EU Rest of the FF feels like backrooms
You have to have an IQ higher than 90 to interact with this user.
  • #818,753
  • Mar 25, 2024 8:25pm Mar 25, 2024 8:25pm
Quoting Nordling
{quote} Right, for me BTC provides awesome moves sometimes but it can be unpredictable as well. Sometimes market goes one way, BTC goes another, or at least the spread gets too big. For example, EURUSD is up 40 pips from it's lowest low last week, not a major change. Just a stall in bearish trend or a small pullback. Same with GU, 60 pips. However, BTC already came close to ATHs tho. I don't see a very strong correlation between DXY and BTC which is why i stay away from it or test the waters with small positions and tight SLs. I like to trade DXY...
btc has zero regards to dxy… my personal opinion btc moves are purely based on the hype… now with the etf the big players can manipulate as well… people comparing btc with previous bull run moves… this time is different big players are here as well personally dont expect the same patterns to occur… i just scalp for 400-600$ thats it … even though i feel like it can move higher …
Extreme gut feeling trader
  • #818,754
  • Mar 25, 2024 8:54pm Mar 25, 2024 8:54pm
Good day Everyone.
I really don't see anything tradable since yesterday when I exited my GU buys...it was a miracle really, i still didn't know why GU bought yesterday but it favoured me so I exited quickly before greed set in.

The charts aren't looking nice right now so I'm staying out. Would like to short UJ if it gets to Equal High on 4H or Daily TF, that may drag till tomorrow or next who knows?

Anyway, I just don't want to force anything.
Not trading is also a trading decision .

Peace!
  • #818,755
  • Mar 25, 2024 8:57pm Mar 25, 2024 8:57pm
Quoting montygoldy
{quote} btc has zero regards to dxy… my personal opinion btc moves are purely based on the hype… now with the etf the big players can manipulate as well… people comparing btc with previous bull run moves… this time is different big players are here as well personally dont expect the same patterns to occur… i just scalp for 400-600$ thats it … even though i feel like it can move higher …
Welcome back!
Seems you took a break after your propfirm big cash out
  • #818,756
  • Mar 25, 2024 8:59pm Mar 25, 2024 8:59pm
Quoting montygoldy
{quote} btc has zero regards to dxy… my personal opinion btc moves are purely based on the hype… now with the etf the big players can manipulate as well… people comparing btc with previous bull run moves… this time is different big players are here as well personally dont expect the same patterns to occur… i just scalp for 400-600$ thats it … even though i feel like it can move higher …
Good point! I agree, it is more of a hype, pump and dump kinda thing rather than a correlation with dxy or other instruments. Cryptos still remain as untamed beasts
You have to have an IQ higher than 90 to interact with this user.
  • #818,757
  • Mar 25, 2024 9:01pm Mar 25, 2024 9:01pm
Quoting kenny4real
Good day Everyone. I really don't see anything tradable since yesterday when I exited my GU buys...it was a miracle really, i still didn't know why GU bought yesterday but it favoured me so I exited quickly before greed set in. The charts aren't looking nice right now so I'm staying out. Would like to short UJ if it gets to Equal High on 4H or Daily TF, that may drag till tomorrow or next who knows? Anyway, I just don't want to force anything. Not trading is also a trading decision . Peace!
Calm before the storm i think, US GDP and PCE numbers coming out this week. We have volatile days in front
You have to have an IQ higher than 90 to interact with this user.
  • #818,758
  • Mar 25, 2024 9:31pm Mar 25, 2024 9:31pm
i'm short at 1.2640
vankiepsauff@gmail
  • #818,759
  • Mar 25, 2024 9:54pm Mar 25, 2024 9:54pm
Quoting montygoldy
{quote} btc has zero regards to dxy… my personal opinion btc moves are purely based on the hype… now with the etf the big players can manipulate as well… people comparing btc with previous bull run moves… this time is different big players are here as well personally dont expect the same patterns to occur… i just scalp for 400-600$ thats it … even though i feel like it can move higher …

guys. Can you tell me about

BTC vs USD = BTC/USD
XAU vs USD = XAU/USD
EUR vs USD = EUR/USD
GBP vs USD = GBP/USD
USD vs JPY = USD/JPY
USD vs CHF = USD/CHF
USD vs CAD = USD/CAD

WHAT does VERSUS do in that situation? RELATED to WHOM? SHOULD we refer to others INDEX? How can we only refer to DXY just for EUR/USD and GBP/USD. The other pairs?

Simple question. Think it.
Look right, we'll see the signs
  • #818,760
  • Mar 25, 2024 11:13pm Mar 25, 2024 11:13pm
Quoting montygoldy
{quote} btc has zero regards to dxy… my personal opinion btc moves are purely based on the hype… now with the etf the big players can manipulate as well… people comparing btc with previous bull run moves… this time is different big players are here as well personally dont expect the same patterns to occur… i just scalp for 400-600$ thats it … even though i feel like it can move higher …

Diddy will have to sell alot of his btc to make bail.
That might drive price down
in wondering about yourself, you forgot what you came here to be part of
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