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Cable Update (GBPUSD)

  • #822,401
  • Apr 20, 2024 11:12am Apr 20, 2024 11:12am
Quoting Baumgart
I doubt the boj, Japan gov and their corporations want strong yen.
No but they need some stability as the government still needs to be voted in.
  • #822,402
  • Apr 20, 2024 12:11pm Apr 20, 2024 12:11pm
Quoting Waveskierrob
{quote} Just another update as one poster on this thread is a little bit slow, my GU FF trade is BE @ 1.2123 hopefully hit it this year if not no worries it's only money Leon and I have loads of it but thanks for your concern, love as always
My FF GU trades up date BE @ 1.2123 that 257 pips away but have 10 trades on so that's 2570 pips underwater sounds bad, my mate Leon (Wavegarrick) always pulled me up on this but he himself is now -3806 pips underwater... the irony you couldn't make it up, are you going to explain Leon I think you owe the people on the thread why you are in this predicament..if you have the balls that is...
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  • #822,403
  • Apr 20, 2024 1:09pm Apr 20, 2024 1:09pm
Attached File(s)
File Type: pdf How Professionals Draw Forex Support and Resistance-3 2.pdf   824 KB | 1,492 downloads


New Cable Thread & Other Pairs
  • #822,404
  • Apr 20, 2024 1:10pm Apr 20, 2024 1:10pm
Attached File(s)
File Type: pdf 50 Golden Rules For Traders.pdf   1.6 MB | 201 downloads


New Cable Thread & Other Pairs
  • #822,405
  • Apr 20, 2024 1:15pm Apr 20, 2024 1:15pm
Attached File(s)
File Type: pdf MMM Hacks.pdf   6.9 MB | 380 downloads


New Cable Thread & Other Pairs
  • #822,406
  • Apr 20, 2024 2:32pm Apr 20, 2024 2:32pm
Japanese Intervention Extremely Likely Between 156.500 - 157.200.
  • #822,407
  • Edited 3:10pm Apr 20, 2024 2:57pm | Edited 3:10pm
Considering USD/JPY has some way to go still, then critical Support for GBP/USD is at 1.22300 and 1.21000.

EUR/USD critical Support was already broken (invalid).
AUD/USD critical Support was already broken (invalid).
NZD/USD critical Support was already broken (invalid).
USD/CAD critical Resistance was already broken (invalid).
USD/CHF critical Resistance is at 0.9290 and 0.9430.
USD/JPY critical Resistance was already broken (invalid).

The only pairs that can show us when USD will start going downhill and when USD pairs will reverse are GBP/USD and USD/CHF.

If GBP/USD and USD/CHF fail, then this will be the complete annihilation.
  • #822,408
  • Apr 20, 2024 4:37pm Apr 20, 2024 4:37pm
Quoting Whatevs
Considering USD/JPY has some way to go still, then critical Support for GBP/USD is at 1.22300 and 1.21000. EUR/USD critical Support was already broken (invalid). AUD/USD critical Support was already broken (invalid). NZD/USD critical Support was already broken (invalid). USD/CAD critical Resistance was already broken (invalid). USD/CHF critical Resistance is at 0.9290 and 0.9430. USD/JPY critical Resistance was already broken (invalid). The only pairs that can show us when USD will start going downhill and when USD pairs will reverse are GBP/USD...
I like the way you think
  • #822,409
  • Apr 20, 2024 5:48pm Apr 20, 2024 5:48pm
Quoting T721
{image} New Cable Thread & Other Pairs
Thank you for sharing these valuable PDF eBooks here.
We only trade when there is AGREEMENT. Get 1% Better Each Day!
  • #822,410
  • Apr 20, 2024 6:20pm Apr 20, 2024 6:20pm
Quoting deaftrader
{quote} Thank you for sharing these valuable PDF eBooks here.
there are a lot more in my thread that might help you
  • #822,412
  • Apr 20, 2024 8:25pm Apr 20, 2024 8:25pm
This is why you should never ignore a collection of ma compressions, cable paid the price. It's always in the TA first (well nearly always).
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  • #822,413
  • Apr 20, 2024 8:35pm Apr 20, 2024 8:35pm
Difficult to plan for the coming week given Iran-Israel issues and Passover this Sunday (given Netanyahu reckons no action until Passover is done, but then Passover strictly speaking runs for a whole week). But either support will hold on 50.0 fib or it will fall back to 38.2 fib. Need to watch the EURGBP cross to look for resistance and wicks to confirm.
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  • #822,414
  • Apr 20, 2024 8:52pm Apr 20, 2024 8:52pm
Quoting Whatevs
Considering USD/JPY has some way to go still, then critical Support for GBP/USD is at 1.22300 and 1.21000. EUR/USD critical Support was already broken (invalid). AUD/USD critical Support was already broken (invalid). NZD/USD critical Support was already broken (invalid). USD/CAD critical Resistance was already broken (invalid). USD/CHF critical Resistance is at 0.9290 and 0.9430. USD/JPY critical Resistance was already broken (invalid). The only pairs that can show us when USD will start going downhill and when USD pairs will reverse are GBP/USD...
for the eurusd there is a 4 hr zone that was tap into that was also a daily support area its going back to test 1.088
Gbpusd is going down to 1.21 to bounce up to 1.27
  • #822,415
  • Apr 20, 2024 9:00pm Apr 20, 2024 9:00pm
well, People talk a lot here.. short term... long term targets.

I just follow PA and decide what to do for that day.

I do not trade based on target price, but trade based on target profit
Intraday only.
  • #822,416
  • Edited 10:43pm Apr 20, 2024 10:18pm | Edited 10:43pm
Quoting Godspromise
{quote} don't you think it will continue bleeding until 190.773 on the one hour then follow the usdjpy to 4 hr highs? That's what I am getting looking at the charts also nzdjpy is just coming out of the 4 hr zone as well I think it will continue bleeding in the Sunday asian session then correct to test the 4 hr resistance
that's only 40 pips from fridays close...that's nothing in the bigger scheme of things like the bullish daily and weekly candles
I don't know what your style of trading is if its off a 1 or 5 or 15 min or 4H like your original post but you have to use wider stops when you move up in time

so even if my 4H chart buy signal is correct price can still go down those 40 pips for 3 hours and back up some the last hour and than meander sideways for the next 4hours after that and still be bullish

trading higher timeframes is not like the 1 or 5 min where scalpers expect and sometimes get immediate confirmation and results LOL..many times one has to sit patiently for days like in these shaded UJ areas in my chart below waiting for something to happen

if you want instant gratification than stay to scalping the noise on 1 and 5 min with high leverage and a small sl cause hier timeframes you have to sit twiddling your thumbs a lot waiting for price to make a big move so confidence is more important in ones TA to be able to sit thru the gyrations till price finally decides to move ...it depends on the persons personality which way suits them the best

I was short UJ last week in that second shaded area hoping for that intervention and finally chucked it cause now I don't think its happening until much hier after the BOJ let a golden opportunity like israels missle attack go to waste cause it could have helped them alot

so if your switching from scalping to swing trading you have to adjust your patience level and understand price can go down to 190.77 for example and still have a 4H and daily bullish signal ...that's when people buy low and build a position on a price drop when hier timeframes are bullish but that kind of trading takes being confident in yourself
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short trump and go long the deepstate
  • #822,417
  • Apr 20, 2024 10:22pm Apr 20, 2024 10:22pm
Quoting Godspromise
{quote} don't you think it will continue bleeding until 190.773 on the one hour then follow the usdjpy to 4 hr highs? That's what I am getting looking at the charts also nzdjpy is just coming out of the 4 hr zone as well I think it will continue bleeding in the Sunday asian session then correct to test the 4 hr resistance

if you're bearish GJ then don't pay any attention to me or my analysis....be true to yourself...don't let yourself get swayed by my analysis since I trade "opposite" of others

just be confident in your own analysis whether right or wrong...if you or I are wrong this time doesn't mean we'll always be wrong or our systems are bad or need tweaking...don't be like moty jumping around and switching indicators everytime he has a bad trade LOL

just try to keep emotions away from analysis
short trump and go long the deepstate
  • #822,418
  • Edited Apr 21, 2024 6:20am Apr 20, 2024 11:18pm | Edited Apr 21, 2024 6:20am
Quoting Zebi
{quote} if you're bearish GJ then don't pay any attention to me or my analysis....be true to yourself...don't let yourself get swayed by my analysis since I trade "opposite" of others just be confident in your own analysis whether right or wrong...if you or I are wrong this time doesn't mean we'll always be wrong or our systems are bad or need tweaking...don't be like moty jumping around and switching indicators everytime he has a bad trade LOL just try to keep emotions away from analysis
no I support you analysis but I think another 50 pips to the one hour zone then a test of the 4 hour highs
  • #822,419
  • Apr 20, 2024 11:27pm Apr 20, 2024 11:27pm
Quoting Zebi
{quote} that's only 40 pips from fridays close...that's nothing in the bigger scheme of things like the bullish daily and weekly candles I don't know what your style of trading is if its off a 1 or 5 or 15 min or 4H like your original post but you have to use wider stops when you move up in time so even if my 4H chart buy signal is correct price can still go down those 40 pips for 3 hours and back up some the last hour and than meander sideways for the next 4hours after that and still be bullish trading higher timeframes is not like...
you're right it'd bullish all the away but as I say 50 pips for one hour then a good journey to 4 hr resistance
  • #822,420
  • Apr 21, 2024 12:17am Apr 21, 2024 12:17am
Quoting Cgpips
I still keep the SHORT positions @ 1.25171 even when it went up and down for a week very close to 1.25 , I didn't close it. think it might approach more to the south. small positions to make my coffee money and no pressure {image}
u r going for a coffee, i m going for a pool in my garden
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chaos is just unknown order
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