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Cable Update (GBPUSD)

  • #823,021
  • Apr 23, 2024 9:18pm Apr 23, 2024 9:18pm
Quoting mallee
{quote} Red news 40 minutes ago. Not Zebs fault
you can't win them all that's just how it is
  • #823,022
  • Apr 23, 2024 9:23pm Apr 23, 2024 9:23pm
Quoting Godspromise
{quote} Was a bad trade for real stopped out I'll Leave it be currently
Positive data + big move = up momentum. We can see where it (may)be going. Just wait till it gets there then assess. If it gets to that blue level, I will wait for the reaction and trade it also with a small lot size just for fun (not a pair I usually trade). Lets see
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Emotional Control. Process, not outcome.
  • #823,023
  • Apr 23, 2024 9:24pm Apr 23, 2024 9:24pm
Quoting Zebi
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
look at the weekly. 1.26 is sitting there for the taking.
Compulsions can be hard to resist
  • #823,024
  • Apr 23, 2024 9:27pm Apr 23, 2024 9:27pm
Quoting Fardeen1209
GOLD {image} Based on EW and Fib Now that Upward structure is broken, we can comfortably look for shorts setup. Your methodology (edge) should never allows you to run after price (because you will be caught in overtrading), instead waiting for setup to form, wait for price to come to your POI, then you enter the market while playing defense. Once price start moving in your favour (i.e internal structure start building in your favour, you switch to palying offense- exiting some positions from previous entry at ~1:4 or more[depending on what the market...
GOLD
Another leg up,
Still holding scalping longs while 60% TP
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More time in the market, does not mean you trade better!
  • #823,025
  • Apr 23, 2024 9:28pm Apr 23, 2024 9:28pm
Quoting Konichiwhaat
{quote} Positive data + big move = up momentum. We can see where it (may)be going. Just wait till it gets there then assess. If it gets to that blue level, I will wait for the reaction and trade it also with a small lot size just for fun (not a pair I usually trade). Lets see {image}
I'm trading gbpaud or you using the correlation?
  • #823,026
  • Apr 23, 2024 9:32pm Apr 23, 2024 9:32pm
Quoting Godspromise
{quote} I'm trading gbpaud or you using the correlation?
I see. I thought you went short on AUDUSD like Zebi did. If not then no worries
Emotional Control. Process, not outcome.
  • #823,027
  • Apr 23, 2024 9:37pm Apr 23, 2024 9:37pm
Quoting Konichiwhaat
{quote} I see. I thought you went short on AUDUSD like Zebi did. If not then no worries
yeah no problem bro
  • #823,028
  • Apr 23, 2024 9:49pm Apr 23, 2024 9:49pm
Quoting BlackLotus
Zebi go outside and look at the moon. So much better than the eclipse we had... have a drink and enjoy the view {image}


that eclipse was neat...first one I ever seen. i just looked at it for maybe 10-15 seconds cause didn't believe that those glasses were 100% safe
short trump and go long the deepstate
  • #823,029
  • Apr 23, 2024 9:54pm Apr 23, 2024 9:54pm
Quoting trumps
{quote}look at the weekly. 1.26 is sitting there for the taking.
I have that target too but think price may revisit 2350ish first

Quoting Zebi
i still have a target at 2600 that needs to be met so if I get a daily buy signal today ill buy back in on a dip
I didn't get a daily buy signal tho
short trump and go long the deepstate
  • #823,030
  • Apr 23, 2024 9:54pm Apr 23, 2024 9:54pm
Quoting Zebi
{quote} that eclipse was neat...first one I ever seen. i just looked at it for maybe 10-15 seconds cause didn't believe that those glasses were 100% safe
hehe, this was my second viewing so I was prepared.
  • #823,031
  • Apr 23, 2024 10:00pm Apr 23, 2024 10:00pm
Quoting Zebi
{quote} I have that target too but think price may revisit 2350ish first {quote} I didn't get a daily buy signal tho
Hey Zeb,
I just got a H1 sell signal. What do you think?
1.2459
  • #823,032
  • Apr 23, 2024 10:04pm Apr 23, 2024 10:04pm
Quoting Fardeen1209
{quote} 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...
yes that what i thought, same as bank interest.
As for no Swap at ECN i have once but i dont know if it real ECN
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #823,034
  • Apr 23, 2024 10:07pm Apr 23, 2024 10:07pm
Quoting Zebi
{quote} so what...its still got to obey what the dollar does since its audUSD
let's try this again Zebi fakeout on the 4 hr timeframe if it closes at 11:00 pm above the 4hr liquidity zone it gonna explode to the upside daily is bullish weekly very bullish monthly extremely bullish
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You can see the next resistance in red
  • #823,035
  • Apr 23, 2024 10:13pm Apr 23, 2024 10:13pm
Quoting Fardeen1209
{quote} UJ Currently Flat Waiting for Price to reach Resistance level. {image} With BOJ on Friday and the CPI data just before BOJ, as a way of saying, the Japan CPI data will dictate what will happen at the BOJ meeting. BOJ officals and economists are expecting the weakness in (EDIT) JPYUSD to appear in CPI through high Energy inflation (OIL price)
SPPI tpday showed high Freight and Transport costs.
Friday Tokyo CPI will shed a clearer picture on what BOJ will do.
More time in the market, does not mean you trade better!
  • #823,036
  • Apr 23, 2024 10:19pm Apr 23, 2024 10:19pm
Quoting Zebi
Hidden
So you took my advise . Cheers bud...
  • #823,037
  • Apr 23, 2024 10:28pm Apr 23, 2024 10:28pm
Quoting Fardeen1209
{quote} GOLD Another leg up, Still holding scalping longs while 60% TP {image}
Setup within setup
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Best thing i did is replacing trading AU with GOLD.

Last post for thee week, now going to hibernate

More time in the market, does not mean you trade better!
  • #823,038
  • Apr 23, 2024 10:40pm Apr 23, 2024 10:40pm
Quoting _BBKing_
{quote} 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...
EJ new high, GJ close to the prior high (193.5), AJ new high, NJ close to the prior high, UJ close to 155, CJ new high and CHFJ close to the prior high.

I don't think they skyrocketed JPY pairs to a new high, so they can make a retracement of few hundred pips with some news about rate hike (at this point).

How about intervention and perhaps something like the war coming after it? 1500 - 2000 pips.

I think they broke the will of every normal trader not to long JPY anymore with all of these spikes and constantly hitting new all time highs... many accounts are lost catching the JPY reversal... which I would bet my ridiculous salary is coming soon.

We'll see what'll happen today... if they will continue to rally against JPY except the USD (they won't let UJ go above 155 until they are done with other JPY pairs). When we see USD/JPY above 155, then we are very close to the the highs on every JPY pair.
  • #823,039
  • Apr 23, 2024 10:45pm Apr 23, 2024 10:45pm
cable ready to drop
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  • #823,040
  • Apr 23, 2024 11:00pm Apr 23, 2024 11:00pm
I'm more inclined towards the blue line, but who knows? Let's wait and see during the London or New York sessions. There isn't any red news today, perhaps the cable won't move too far.
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