Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#821,261
Apr 12, 2024 2:06am Apr 12, 2024 2:06am

Jade Gate
Joined Oct 2008 | Status: Trader | 1,511 Posts

Quoting _BBKing_

Disliked

ok that's itI entered a small short 100p SL/TP looking to increase if the 1.25 gives up. or looking to increase if goes higher unless it does because of reasons. target 1.2420 is best place but I suspect price can dip even to 2390 in case of continuation. Trade is for next week btw, I don't expect a 100/130p continuation today but who knows if price doesn't bounce off this area.... means demand is absorbed so we go for next level Options to change my view: 1. price conquering 2540/60 area showing good support formation in the 2500/2540...

Ignored

Good planning. WTI contract rolls over tomorrow. Market is going to need USD to settle.

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#821,262
Apr 12, 2024 2:10am Apr 12, 2024 2:10am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Quoting Jade Gate

Disliked

{quote} Good planning. WTI contract rolls over tomorrow. Market is going to need USD to settle. {image}

Ignored

Didn’t check it
but looks like oil is not really willing to go back below the 85 atm

more likely willing to get to 90 again
WTI

90% of traders use TA, indicators and prediction

#821,263
Apr 12, 2024 2:20am Apr 12, 2024 2:20am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

let's see
round number goes in 3...2...1....

90% of traders use TA, indicators and prediction

#821,264
Apr 12, 2024 2:24am Apr 12, 2024 2:24am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,013 Posts

Will look to add long at 12480 area if I’m not mistaken was the support area a few months ago before the move up

Insane in the Brain..

#821,265
Apr 12, 2024 2:24am Apr 12, 2024 2:24am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Love to see the killer candles back on market

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90% of traders use TA, indicators and prediction

#821,266
Apr 12, 2024 2:29am Apr 12, 2024 2:29am

Zebi
Joined May 2022 | Status: Trader | 8,020 Posts

put a buy stop 2502 to add to my long

short trump and go long the deepstate

#821,267
Apr 12, 2024 2:29am Apr 12, 2024 2:29am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

usdx zoom out

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90% of traders use TA, indicators and prediction

#821,268
Apr 12, 2024 2:34am Apr 12, 2024 2:34am

Yngwie
Joined Aug 2008 | Status: Trader | 3,976 Posts

Long 1.2490

Live trade ~ GBPUSD only. No chart! Follow at your own risk!

#821,269
Apr 12, 2024 2:38am Apr 12, 2024 2:38am

Luxyus
Joined Dec 2020 | Status: TIME is my GAIN | 1,904 Posts

My longs start here, bought x5 @1.2494
closed sell from 1.2836 other 5 position still running

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chaos is just unknown order

#821,270
Apr 12, 2024 2:39am Apr 12, 2024 2:39am

Jade Gate
Joined Oct 2008 | Status: Trader | 1,511 Posts

Quoting _BBKing_

Disliked

{quote} Didn’t check it but looks like oil is not really willing to go back below the 85 atm more likely willing to get to 90 again WTI

Ignored

Need eyes in the back of your head and 360 degree vision to trade this Fx beast huh? Many eyes looking at many things helps.

Looking at 88.50 or 91.80 to short WTI. The US so needs the price of oil to come down but the situation with Iran seems counter-intuitive, despite attempts to soothe and de-escalate.

#821,271
Apr 12, 2024 2:43am Apr 12, 2024 2:43am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,013 Posts

Added to long at 12495

However not sure if the current support area will hold

Insane in the Brain..

#821,272
Apr 12, 2024 2:48am Apr 12, 2024 2:48am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Quoting Jade Gate

Disliked

{quote} Need eyes in the back of your head and 360 degree vision to trade this Fx beast huh? Many eyes looking at many things helps. Looking at 88.50 or 91.80 to short WTI. The US so needs the price of oil to come down but the situation with Iran seems counter-intuitive, despite attempts to soothe and de-escalate.

Ignored

will the contract rollover affect market direction?
asking because I have 2 brokers. One has rollover and the other has not.
when is rollover what I see is just price teleporting to another level, but overall it doesn't affect at all.
but maybe I'm missing something
I know that different contract expiry has different liquidity when it comes to futures. but still in my case I'm trading CFD on both

90% of traders use TA, indicators and prediction

#821,273
Apr 12, 2024 2:51am Apr 12, 2024 2:51am

19monza64
Joined Jan 2019 | Status: Trader | 1,189 Posts

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#821,274
Apr 12, 2024 2:51am Apr 12, 2024 2:51am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting Jade Gate

Disliked

{quote} Need eyes in the back of your head and 360 degree vision to trade this Fx beast huh? Many eyes looking at many things helps. Looking at 88.50 or 91.80 to short WTI. The US so needs the price of oil to come down but the situation with Iran seems counter-intuitive, despite attempts to soothe and de-escalate.

Ignored

Am I looking at the right chart here??

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Don't Leave Money on the Table

#821,275
Apr 12, 2024 2:53am Apr 12, 2024 2:53am

_BBKing_
Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts

Looking to the left we have to go back in November to find when price was these levels

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90% of traders use TA, indicators and prediction

#821,276
Apr 12, 2024 2:56am Apr 12, 2024 2:56am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Okay looks like were getting some decent buying now....could be wrong

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Don't Leave Money on the Table

#821,277
Apr 12, 2024 2:56am Apr 12, 2024 2:56am

Jade Gate
Joined Oct 2008 | Status: Trader | 1,511 Posts

Quoting _BBKing_

Disliked

{quote} will the contract rollover affect market direction? asking because I have 2 brokers. One has rollover and the other has not. when is rollover what I see is just price teleporting to another level, but overall it doesn't affect at all. but maybe I'm missing something I know that different contract expiry has different liquidity when it comes to futures. but still in my case I'm trading CFD on both

Ignored

Which part of market direction? Currencies or indices. Currencies yes, bec of the USD liquidity squeeze now in effect. Market will need to cash out of many pairs into USD in order to settle contracts. Much will depend on what WTI does today, where price finishes going into the weekend. Who knows what will occur over the weekend? I'd rather be long WTI (which I am) and hold thru the rollover than be short. But I might change my mind before market close and book it anyway.