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Cable Update (GBPUSD)

  • #822,661
  • Apr 22, 2024 10:51am Apr 22, 2024 10:51am
Quoting JackintheBox
What we can see currently is a heavy US-Dollar superior strength due to news. No rate cut in sight yet. JPY got hit most, they even have to intervene. GBP and EUR now also get their hits due to cooling down economies, so rate cuts are incoming and US Dollar will be superior. Why the drive today happens on GBP (started on Friday) no one knows. Problem is we had very low volatility so institutionals are hungry so they kick in really hard. Just sold some good stuff at 1.23145. Now wait for next chance and keep my bigger position on long at 1.2313.
Awesome day. Sold have now, just below 1.2340's area (first level which was missed reached). Next Target would be 1.2380. let's see.

Cheers !
  • #822,662
  • Apr 22, 2024 10:54am Apr 22, 2024 10:54am
Quoting suhas316
15M GBP/JPY If I will see any reversal sign I will try to buy with lil stop loss {image}
Bounce from 1H support buy my entry was not right
Attached Image (click to enlarge)
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!! Radha Radha !!
  • #822,663
  • Apr 22, 2024 10:55am Apr 22, 2024 10:55am
Quoting eyefeelsix
{quote} according to my glasses {image}
I agree with you on pullback first max, 1.2350.

Then test the 1.2300 levels again.

All to happen before NY session PMI numbers at 9.45 am est.

The PMI could trigger correction.

According to me.

1.2300 is static support.
Attached Image(s) (click to enlarge)
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Intraday only.
  • #822,664
  • Apr 22, 2024 10:59am Apr 22, 2024 10:59am
Hopefully might see a close near the day’s opening area
Insane in the Brain..
  • #822,665
  • Apr 22, 2024 11:00am Apr 22, 2024 11:00am
Quoting Pat Chiko
{quote} {image}
...after today reckon he's sitting at the bottom of the ocean having tea with Spongebob...but he'll say that he closed his LONGS, same old same old, only show TE when going is good...
Attached Image (click to enlarge)
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  • #822,666
  • Apr 22, 2024 11:08am Apr 22, 2024 11:08am
Gold Sell Limit @ 2345.. TP- 2311
I'm not always right.. I'm not always wrong neither
  • #822,667
  • Apr 22, 2024 11:09am Apr 22, 2024 11:09am
Quoting BeeTogether
Hopefully might see a close near the day’s opening area
If we see daily close near daily open, a possible correction ahead to morrow.
Intraday only.
  • #822,668
  • Apr 22, 2024 11:10am Apr 22, 2024 11:10am
Dxy us dollar hit the 4 zone and rejected hard next 4 hr at 105.807
  • #822,669
  • Apr 22, 2024 11:13am Apr 22, 2024 11:13am
Quoting Georginson
{quote} Already stopped out... Didn't trade for a long time... First trade ended up in 34 pips loss... Weird Price action with no meaning bounce from Last Friday low.
1.234 just been hit. Am sorry for your loss. Must be frustrating…
Attached Image (click to enlarge)
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  • #822,670
  • Apr 22, 2024 11:20am Apr 22, 2024 11:20am
Quoting birdland
from the daily chart the first buying zone starts below 1.2340 {image}
because the buying zone was thicker than usual today, it didn't work right away and i had to remove the bad shoots like a gardener;-)
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #822,671
  • Apr 22, 2024 11:26am Apr 22, 2024 11:26am
the trial of the century has started in new york.

a guy named David Pecker who owns the national enguirer is in the witness stand talikg about the other pecker

after this 4H candle closes I'm prolly gonna take off and try to watch and read updates of that trial LOL

GU looks bullish like it will get back to 2400 before the news releases tmoro
short trump and go long the deepstate
  • #822,672
  • Apr 22, 2024 11:31am Apr 22, 2024 11:31am
Quoting Zebi
the trial of the century has started in new york. a guy named David Pecker who owns the national enguirer is in the witness stand talikg about the other pecker after this 4H candle closes I'm prolly gonna take off and try to watch and read updates of that trial LOL GU looks bullish like it will get back to 2400 before the news releases tmoro

if the daily closes green which looks like a possibility than the news tmoro will be good and I think we may see 2600 and will be a great short from there
short trump and go long the deepstate
  • #822,673
  • Apr 22, 2024 11:35am Apr 22, 2024 11:35am
What is happing to USD/JPY now if i am nit wrong i se an ascending triangle which is about to be broken , look like price will continue to go up! correct me if i am wrong bud
  • #822,674
  • Apr 22, 2024 11:43am Apr 22, 2024 11:43am
USD/JPY eliminated temporary Resistance at 154.750 and has hit 154.850. at the moment.
  • #822,675
  • Apr 22, 2024 11:48am Apr 22, 2024 11:48am
Quoting Steven19
What is happing to USD/JPY now if i am nit wrong i se an ascending triangle which is about to be broken , look like price will continue to go up! correct me if i am wrong bud
You're right, but it'll only go up until intervention begins. Then, get out!
  • #822,676
  • Apr 22, 2024 11:55am Apr 22, 2024 11:55am
Quoting Waveskierrob
{quote} ...after today reckon he's sitting at the bottom of the ocean having tea with Spongebob...but he'll say that he closed his LONGS, same old same old, only show TE when going is good... {image}
And here we are again. The troll factory at its best.
Hey patsi, You still haven't explained why you are showing off with your demo account. GTFO.
Trade to trade another day
  • #822,677
  • Apr 22, 2024 11:56am Apr 22, 2024 11:56am
Quoting Wavegarrick
{quote} Hey Patsi, You still haven't answered my question as per my quoted post. {quote} Once again. Why are you avoiding my question? Are you trading a demo account? I would love to see how you will send aid to Gaza with demo money. Or are you insolvent Patrick Plander from the UK? Now let's get to the main reason for my post in response to your lack of respect for your fellow trader: "Karen attempted to oppose me and ended up being defeated numerous times." Yes, it is very difficult to defeat you because you go off in a childish rant that would...
Man up
Trade to trade another day
  • #822,678
  • Apr 22, 2024 12:02pm Apr 22, 2024 12:02pm
I do track 4hr candle trading this way.

Six 4 hr candles every day.

First and second 4hr candles

2 nd and third 4 hr candle.

The current 5 th 4 hr candle
Attached Image(s) (click to enlarge)
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Intraday only.
  • #822,679
  • Apr 22, 2024 12:07pm Apr 22, 2024 12:07pm
Quoting Zebi
..... GU looks bullish like it will get back to 2400 before the news releases tmoro
Yes, the three soldiers now on H1 are on your side
  • #822,680
  • Apr 22, 2024 12:08pm Apr 22, 2024 12:08pm
This is another way I track 4 hr candle

Purely price action based

Price action supported by visual 4hr candle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM5.png Size: 20 KB
Intraday only.
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