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Cable Update (GBPUSD)

  • #821,281
  • Apr 12, 2024 5:05am Apr 12, 2024 5:05am
Quoting Zebi
put a buy stop 2502 to add to my long
Oh c’mon bro, stop that nonsense.
Compulsions can be hard to resist
  • #821,282
  • Apr 12, 2024 5:05am Apr 12, 2024 5:05am
And keeping an eye on this to see where cable's fate lays today.
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  • #821,283
  • Apr 12, 2024 5:11am Apr 12, 2024 5:11am
Very interesting yesterday it didnt drop, all take longs, today it decided to drop. what is the reason of this drop? I took longs yesterday. If look H4, it cant go down much,but you never know.
  • #821,284
  • Apr 12, 2024 5:14am Apr 12, 2024 5:14am
Quoting Jade Gate
{quote} 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. Strange that one of your brokers has rollover and...
no ok depends on the broker.
in some you find the rollover (most)
some others uses the 'continuos' or something like that.
but they are not futures brokers. I'm trading on fx brokers offering CFDs for commodities, OIL etc.. maybe that's the difference.

anyway, atm I'm just scalping OIL for quick intraday postions which considering how the thing moves, means 40 to 120p range.
lately the upward clearly slowed down but looks more a reaccumulation than a top
not even inventories (3 bearish in row) + strong USD + strong CPI (still high interest rates) sent it down below the 85

let's see where it closes the week then
90% of traders use TA, indicators and prediction
  • #821,285
  • Apr 12, 2024 5:20am Apr 12, 2024 5:20am
price will accelerate down if goes lower than that 1.24884 (actual low)

EDIT: mmh ok maybe needs to go under 2485 to accelerate.
90% of traders use TA, indicators and prediction
  • #821,286
  • Apr 12, 2024 5:22am Apr 12, 2024 5:22am
Quoting HaLBot
Okay looks like were getting some decent buying now....could be wrong {image}

Yep wrong lol
Don't Leave Money on the Table
  • #821,287
  • Apr 12, 2024 5:25am Apr 12, 2024 5:25am
if it did some retrace on h4 and h1 yesterday, it would be ok, but it was at one level and went down today.
  • #821,288
  • Apr 12, 2024 5:28am Apr 12, 2024 5:28am
Quoting trumps
{quote} Oh c’mon bro, stop that nonsense.
thats his system,
he's now long cable??
short UJ?? and short runaway gold, which is over £18,000 in the red (if 1 lot) and NEVER went into profit, not 1 day.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #821,289
  • Apr 12, 2024 5:29am Apr 12, 2024 5:29am
Quoting fontu
{quote} Diamond like swing at a bottom with all good/green UK date, and though smaller tf diamond usually not work, still its bearish, test previous low or below 2499 may invalidate to before reaction high as just spike up before further down possible. Anyway overall bearish., in failure or success of diamond! Success bear target can be 2510 - 68 = 2442 or more down! {image}
Fakeout level 2497 broken and hold so far, so let to taget continue! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,290
  • Apr 12, 2024 5:30am Apr 12, 2024 5:30am
my system says guy now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #821,291
  • Apr 12, 2024 5:35am Apr 12, 2024 5:35am
Quoting trumps
{quote} Oh c’mon bro, stop that nonsense.

what nonsense?

im using a buy stop to sweep me into another long as price goes back up instead of averaging down by buying lower

I'm confident cause I haven't got a sell signal on the on the hourly or 4H chart from 2555 so a return there is very likely today
short trump and go long the deepstate
  • #821,292
  • Apr 12, 2024 5:36am Apr 12, 2024 5:36am
conventional wisdom with real time trendline's applied
the runaway trade
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #821,293
  • Apr 12, 2024 5:37am Apr 12, 2024 5:37am
Quoting Bones
{quote} thats his system, he's now long cable?? short UJ?? and short runaway gold, which is over £18,000 in the red (if 1 lot) and NEVER went into profit, not 1 day.
Don't drag me into whatever it is that's going on between the 2 of you Bones.
Compulsions can be hard to resist
  • #821,294
  • Apr 12, 2024 5:37am Apr 12, 2024 5:37am
Quoting Bones
{quote} thats his system, he's now long cable?? short UJ?? and short runaway gold, which is over £18,000 in the red (if 1 lot) and NEVER went into profit, not 1 day.

I closed my gold trade bonzey...i mentioned it in the gold thread and not here cause I knew it would upset you if I told you I lost money on that trade since you worry about me
short trump and go long the deepstate
  • #821,295
  • Apr 12, 2024 5:40am Apr 12, 2024 5:40am
Quoting Bones
my system says guy now
Smaller tf it fall further and sharp having limit up 2510, so 2442/52 and more likely down. While daily tf 2450 level can resist but for sharp fall it is too early, so may not hold there before targets 2300/2270 areas next week probable. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,296
  • Apr 12, 2024 5:40am Apr 12, 2024 5:40am
No divergence yet across the three assets but in the zones for a bounce or more soon imo. Will watch for divergence
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  • #821,297
  • Apr 12, 2024 5:42am Apr 12, 2024 5:42am
Quoting Bones
{quote} thats his system, he's now long cable?? short UJ?? and short runaway gold, which is over £18,000 in the red (if 1 lot) and NEVER went into profit, not 1 day.

bonzey...whats gotten you so riled up?

was it my comment to whale that I'm happy he's my new troll cause I got bored with you?

you and your 3 crows will always have a special place in my heart...ill never forget you all


and your 3 inside up too
short trump and go long the deepstate
  • #821,298
  • Apr 12, 2024 5:45am Apr 12, 2024 5:45am
Quoting Zebi
{quote} what nonsense? im using a buy stop to sweep me into another long as price goes back up instead of averaging down by buying lower I'm confident cause I haven't got a sell signal on the on the hourly or 4H chart from 2555 so a return there is very likely today
I was just joking Zebi.
I'm a Penny stock forex trader who loves charts and plays with pocket money.
I love learning from you, but I got a sell signal.
I've been wrong mostly lately, so best just to fade me and my comments .
You see below, this is little me
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Compulsions can be hard to resist
  • #821,299
  • Apr 12, 2024 5:45am Apr 12, 2024 5:45am
Stubborn mf
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yes yes yes
  • #821,300
  • Apr 12, 2024 5:48am Apr 12, 2024 5:48am
Quoting Moty
Stubborn mf {image}
Monster asset.

so overvalued, but it can push farther
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