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Cable Update (GBPUSD)

  • #820,261
  • Apr 5, 2024 3:30am Apr 5, 2024 3:30am
Come on , put that right shoulder in place
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yes yes yes
  • #820,262
  • Apr 5, 2024 3:31am Apr 5, 2024 3:31am
Quoting Pat Chiko
{quote} GU But Bro, I'm only guessing, may not happen. I'm still newbie, unlike Pro like zebi For some, when they give hindsight they trade like Forex God, but give real time call, it failed miserably. ( I'm talking about me....) My guesstimate today.{image}

GU
Trade set up
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In progress towards NFP
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GBP is going down and the US dollar is going up.
Reasons for this.
First, there's on going genocide in the Middle East, which makes investors nervous and want to buy safe-haven currencies like the US dollar.
Second, the FED, might wait longer to cut interest rates because the US economy seems strong.
This makes the US dollar more attractive to investors.

On the other hand, the BoE, might cut interest rates sooner because inflation in Britain is expected to slow down.
This makes the GBP less attractive to investors.

Just my guess.

Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #820,263
  • Apr 5, 2024 3:39am Apr 5, 2024 3:39am
Quoting SkullCandy
Hello traders, Longed on 2622 with 8 pips sl 24 TP, 3:1 RR Trade safe {image}
Closed 2638 , 16 pip secured.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #820,264
  • Apr 5, 2024 3:41am Apr 5, 2024 3:41am
Quoting Zebi
{quote} guess I and someone else in here shorted the top today and I'm almost at breakeven now I'm not bragging just trying to make myself feel good since UJ fell for no apparent TA reason so I didn't make anything for the day
Hi Zebi,

it may just a small pull back.

I think UJ may want to fly to 1.55 for NFP.
Waiting to find sweet spot for N3.
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When Tokyo says it might do something about the currency, it's worth looking at how they've talked before taking action in the past.
Thanks is the pullback, as in case some traders reducing their risk,

In Japan, the government decides if they'll do something, but the central bank carries it out.
They're very careful about how fast the currency is changing because sudden changes can mess up the economy.

So, if the yen starts dropping really fast, like it did in 2022, Japan might step in.
But if it's just slowly losing value, they might not do anything.
Before they actually step in, Japanese officials usually start by warning people that they might do something.
They do this to scare off people who are betting the currency will fall even more.
This warning process has a few unofficial steps.

That was only my newbie view.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #820,265
  • Apr 5, 2024 3:41am Apr 5, 2024 3:41am
Quoting suhas316
As I mention in my earlier post I will go short only below 1.26400 Look price close below 1.26400 pn 1H chart, also below 1H & 4H OB zones and trend also turns negative {image}
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!! Radha Radha !!
  • #820,266
  • Apr 5, 2024 3:46am Apr 5, 2024 3:46am
scalped the news 10 pips fat&fast
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chaos is just unknown order
  • #820,267
  • Apr 5, 2024 3:49am Apr 5, 2024 3:49am
FOMC Member Barkin is ready to comment on NFP numbers somewhat after the release. They always assign at least one Fed member to comment the important data like NFP, CPI, PCE...
  • #820,268
  • Apr 5, 2024 3:54am Apr 5, 2024 3:54am
Time for a coffee... no reason to look at the charts until NFP.

SEE YA LATER, ALLIGATOR!
  • #820,269
  • Apr 5, 2024 3:55am Apr 5, 2024 3:55am
Reentered on gu with short,
2640 with 7 pips sl,
Tp 2622, right where my buy was.
Trade safe
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #820,270
  • Apr 5, 2024 3:57am Apr 5, 2024 3:57am
Quoting T721
Quite like this trade too .... USD/CHF not in yet but maybe tomorrow or this week sometime {image}
usd/chf update .... am in and holding for a swing.. stops at breakeven now. might get stopped out n have to get in again. another wait n see
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  • #820,271
  • Apr 5, 2024 4:05am Apr 5, 2024 4:05am
Quoting Whale
{quote} totally! 15 fucking years.. with these results, wow.
it took me more than 9 years with forex, although i was successful with stocks before. in between i lost a high 6 digit sum...

the heirs will really know if you were successful;-)
trading is like dancing, don't think and just listen to the music!
  • #820,272
  • Apr 5, 2024 4:44am Apr 5, 2024 4:44am
Quoting SkullCandy
Reentered on gu with short, 2640 with 7 pips sl, Tp 2622, right where my buy was. Trade safe {image}
Took 5 pips of profit and will wait for the news. Trade safe
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #820,273
  • Apr 5, 2024 5:02am Apr 5, 2024 5:02am
Head it’s good NFP so 125 is on.
Tails it’s bad NFP and 12750 is on.

lets toss a coin lol
Insane in the Brain..
  • #820,274
  • Apr 5, 2024 5:12am Apr 5, 2024 5:12am
Quoting BeeTogether
Head it’s good NFP so 125 is on. Tails it’s bad NFP and 12750 is on. lets toss a coin lol
I tossed a coin and it somehow didn't drop on either tail or head. Hmm...

Wick down then up?
  • #820,275
  • Apr 5, 2024 5:14am Apr 5, 2024 5:14am
Quoting SkullCandy
{quote} Took 5 pips of profit and will wait for the news. Trade safe
Don't be afraid of NFP, it's only 100-150 move in a minute...

LoL
  • #820,276
  • Apr 5, 2024 5:17am Apr 5, 2024 5:17am
Quoting Pat Chiko
{quote} GU Trade set up {image} In progress towards NFP {image} GBP is going down and the US dollar is going up. Reasons for this. First, there's on going genocide in the Middle East, which makes investors nervous and want to buy safe-haven currencies like the US dollar. Second, the FED, might wait longer to cut interest rates because the US economy seems strong. This makes the US dollar more attractive to investors. On the other hand, the BoE, might cut interest rates sooner because inflation in Britain is expected to slow down. This makes...
where exactly in the middle east?

I have not heard the news for
long time.
  • #820,277
  • Apr 5, 2024 5:19am Apr 5, 2024 5:19am
Quoting BeeTogether
Head it’s good NFP so 125 is on. Tails it’s bad NFP and 12750 is on. lets toss a coin lol
LOL
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90% of traders use TA, indicators and prediction
  • #820,278
  • Apr 5, 2024 5:21am Apr 5, 2024 5:21am
Quoting _BBKing_
{quote} LOL {image}
that means no/little impact best of three??
Insane in the Brain..
  • #820,279
  • Apr 5, 2024 5:22am Apr 5, 2024 5:22am
also important the avg hourly earning imo
90% of traders use TA, indicators and prediction
  • #820,280
  • Apr 5, 2024 5:22am Apr 5, 2024 5:22am
Quoting Whatevs
{quote} Don't be afraid of NFP, it's only 100-150 move in a minute... LoL
Haha, okay amigo
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
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