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Cable Update (GBPUSD)

  • #822,981
  • Apr 23, 2024 2:14pm Apr 23, 2024 2:14pm
Quoting VancouverTR
TO Waveskierrob Joined In APRIL 2024 Can see that BUT KNOW IT ALL you should visit a psyche doctor and get your mental evaluated and find a group where you can talk your life off chit chat with others ...
Will do thanks for advice...
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  • #822,982
  • Apr 23, 2024 2:26pm Apr 23, 2024 2:26pm
another bites the dust, very happy about this one as think he/she's short of a few bob...
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  • #822,983
  • Apr 23, 2024 2:28pm Apr 23, 2024 2:28pm
GBP/USD

Short @ 1.24500
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  • #822,984
  • Apr 23, 2024 2:38pm Apr 23, 2024 2:38pm
Quoting _BBKing_
Time to short the UJ? or better wait to bring that 155? and see if supply comes in..
They'll breach 155 soon... there is no alternative in my opinion. If BoJ doesn't hike and I don't think they will to be honest... then 155 if not sooner.
  • #822,985
  • Apr 23, 2024 3:11pm Apr 23, 2024 3:11pm
Long GBPSGD which is same set up as GBPUSD but I didn't get a clean break above the daily middle pivot on GU so I just took GBPSGD. Same setup clockwork.

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  • #822,986
  • Edited 3:46pm Apr 23, 2024 3:29pm | Edited 3:46pm
Had someone ignore me today, someone who said that they wouldn't reply to my posts did reply and made a few pipis not many but a few, so all in all a very good day, thanks to all that precipitated ...
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  • #822,987
  • Apr 23, 2024 3:29pm Apr 23, 2024 3:29pm
GU Week
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GU H4
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  • #822,988
  • Apr 23, 2024 3:55pm Apr 23, 2024 3:55pm
Quoting minhtri
GU Week {image} GU H4 {image}
Looking at similar
Compulsions can be hard to resist
  • #822,989
  • Apr 23, 2024 4:02pm Apr 23, 2024 4:02pm
Quoting Wavegarrick
{quote} No, swap fees are Haram, if you are Islamic, Means not permissible under Islamic law. Edit: The reason why swap free accounts are offered to Islamic traders. Chicko posted a live account Investment of something like $35000 in which it clearly states a swap free account. His posts however, show a swap charge, which is not permissible under Islamic law. It is questionable.
Only clarification on bolded word.

As for this Foreign exchange done in online without getting real things is haram too. Only on the spot excange is allowed or excange no more than maksimum two days delays because of something needed to do that cannot be avoided.
In Malaysia online forex i think is forbidden while in Indonesia is still debatable from what i read in the countrg official law from official country schoolar, but most of schoolar forbid this.
The most thing i know in foreign online excange that make it haram is canot be separated from speculation the worst is gambling. Even with technical analysis is still called speculation not to mention fundamental.
Even buying real gold on the spot if we speculating for better price then sell it if price meet our criteria still debatable allowed, unless we buy gold just for saving. We sell when we need it to when the price os high .
So swap free has nothing to do with haram halal, as the trading itself srill debatable haram other than gambling and speculation, buying or selling need to do with Akad wich is Bond or agreement between the customer and the bank linkage Ijab (statement bonding) and Kabul (acknowledge receipt of a bond) in accordance with the will of the law that affect the object of the engagement, such as the opening of a deposit account agreement( while so i had one broker that called me by phone to do this Akad thing but for us maybe it is inconvinient).
So in short broker marketing just want to invite islamic trader to join at ease.
i myself do Trading Online without a concerns for religion.
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #822,990
  • Apr 23, 2024 4:14pm Apr 23, 2024 4:14pm
Quoting fex.
{quote} inside monthly FVG, near weekly OB, atm i prefer "Bear corrective mode", market will say & we will adapt, thanks PAT, very inspiring {image}
monthly FVG closed,
weekly OB touched and reaction (atm),
between 50-62 fib there are weekly FVG,
market will say
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newbie
  • #822,991
  • Apr 23, 2024 4:57pm Apr 23, 2024 4:57pm
Quoting trumps
Looks like a potential short zone above if we get there {image}
Hmm, cancel that.
It's hard to ignore this PA from this zone.
target 2590
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Compulsions can be hard to resist
  • #822,992
  • Apr 23, 2024 4:59pm Apr 23, 2024 4:59pm
Nzdcad 0.4 lots buy 4 hr support or liquidity zone target 100+ pips to next 4 hr zone
  • #822,993
  • Apr 23, 2024 5:17pm Apr 23, 2024 5:17pm
Quoting Fishbones
{quote} SL hit on your gbpusd trade…
LOL my stops were much lower than the time of posting that chart. I always move them down (or up) before sleep since I'm on the other side of the planet. This is where my stop was. Trades all booked in good profit while I slept. Woke with a nice cache in my account.
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  • #822,994
  • Apr 23, 2024 5:21pm Apr 23, 2024 5:21pm
huge 4 hr rejection of resistance on gbpjpy desicions beingade to either break resistance or drop to 4 hr support to break that support watch usdjpy as well as gbpjpy gbpusd still not at resistance of 1.247 gbpnzd and gbpaud gbpcad 100+ pips from next 4 hr zone so which begs to ask how strong will the gbp be against various pairs? I think resistance will be broken of 1.247 and 1
25 1.26 will be tested gbpjpy maybe break 192.787
  • #822,995
  • Apr 23, 2024 6:27pm Apr 23, 2024 6:27pm
GU long target today 1.2500

Thereafter a retrace can be expected.
Intraday only.
  • #822,996
  • Apr 23, 2024 6:29pm Apr 23, 2024 6:29pm
Quoting GODofMC
{quote} Only clarification on bolded word. As for this Foreign exchange done in online without getting real things is haram too. Only on the spot excange is allowed or excange no more than maksimum two days delays because of something needed to do that cannot be avoided. In Malaysia online forex i think is forbidden while in Indonesia is still debatable from what i read in the countrg official law from official country schoolar, but most of schoolar forbid this. The most thing i know in foreign online excange that make it haram is canot be separated...
As long as we are not stealing other people rights while whopping our arse to get sh*t done, i consider it halal.

Because i also pay swap fees and get swap fees, but at the end of the month, when i withdraw, i always deduct swap fees and gave it to donation. I dont want to eat, drink and bathe on the riba.
I dont know if we have ECN account out there for a islamic account, but pretty sure, islamic account which comes with no swap fees only, the broker himself is most likely to be the counterparty of your trade. They can easily manipulate price and print candlestick that isnt on the ECN, particularly when you open a trade on friday night, while on monday morning you saw a candlestick that is print on your brokers feed only but not on other brokers chart. You got stopped out.
Who is to blame in this situation?
More time in the market, does not mean you trade better!
  • #822,997
  • Apr 23, 2024 6:43pm Apr 23, 2024 6:43pm
Quoting Fardeen1209
{quote} Nas100 {image}
Btw did anyone took this trade, this is aging like fine wine.
Told ya, treat it like you have 1 shot, and you are down on your last bullet. You will do everything in your power to buy at the support and sell at resistance.
More time in the market, does not mean you trade better!
  • #822,998
  • Edited 7:26pm Apr 23, 2024 7:06pm | Edited 7:26pm
Quoting Whatevs
{quote} They'll breach 155 soon... there is no alternative in my opinion. If BoJ doesn't hike and I don't think they will to be honest... then 155 if not sooner.

CPI rising in the whole world except in Japan? That really makes no sense to me.
at least there should be a small increase in CPI which will be enough for big players to stop selling the JPY imo.
just an idea of course, would not bet on this atm.

now euro and gbp are recovering from lows and usd weaker, still UJ unchanged.
guess they are waiting to pump up the EJ and GJ then after that, big take profits + new sell entries + Boj pushing and we go straight back below the 149.50.

also, escalation in Middle East can melt the UJ.

anyway, a very small short to target the 154.25 looks promising atm, ahead of boj talks later this week

EDIT: Japan CSPI came out 2.3% (+0.1% y/y and +0.2% than expected) at least a confirmation that also Japan is affected by inflation.
EDIT 2: typo on the target price. Lol
90% of traders use TA, indicators and prediction
  • #822,999
  • Apr 23, 2024 7:10pm Apr 23, 2024 7:10pm
im not convinced by this run up in GU

one of the reasons what I didn't go long after the USD PMI was I didn't get a buy signal so I think all this advance from londontime will get retraced

I placed sell limits at 2485 and 2495 and 2510 for when go to bed

ill short manually if get a 4H sell signal by midnight
short trump and go long the deepstate
  • #823,000
  • Edited 7:41pm Apr 23, 2024 7:30pm | Edited 7:41pm
Quoting Fardeen1209
{quote} Btw did anyone took this trade, this is aging like fine wine. Told ya, treat it like you have 1 shot, and you are down on your last bullet. You will do everything in your power to buy at the support and sell at resistance.
Next week many economist are expecting Yellen and QRA will be topic in focus. This might further push Price on Indexes, dont rush to fully TP.
Cause on COT, longs were taking Profits while a very small increase in shorts. Same goes with S&P500. Interest still to the long side.
More time in the market, does not mean you trade better!
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