Cable Update (GBPUSD) | Page 41157 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #823,121
  • Apr 24, 2024 8:11am Apr 24, 2024 8:11am
Quoting navk
GU long target today 1.2500 Thereafter a retrace can be expected.
1.2425 if breaks, 1.2400 today.

If 1.2450 breaks, 1.2500 target today.

Currently choppy.

I would prefer to wait
Intraday only.
  • #823,122
  • Apr 24, 2024 8:12am Apr 24, 2024 8:12am
Quoting Godspromise
{quote} remember I said it bro gbp gaining alot of strength that's why I jumped back in my gbpaud trade it might reach 1.26 at the end of the week or early next week.
you did ! I think we were well over sold too especially in the way it dropped over 350 pips in little over 2 weeks. 125-127 could be the near term resting area
Insane in the Brain..
  • #823,123
  • Apr 24, 2024 8:19am Apr 24, 2024 8:19am
Quoting BeeTogether
{quote} you did ! I think we were well over sold too especially in the way it dropped over 350 pips in little over 2 weeks. 125-127 could be the near term resting area
thats why i am waiting if it break 1.25 then ill enter long to the nearest 4 hr zone
  • #823,124
  • Apr 24, 2024 8:23am Apr 24, 2024 8:23am
Quoting Whatevs
Japanese Intervention Extremely Likely Between 156.500 - 157.200.
Well, now we'll see...
BoJ will fuck up JPY on BoJ Meeting by not hiking rates and then when WS opens that could be it or possibly even when London opens.
  • #823,125
  • Apr 24, 2024 8:25am Apr 24, 2024 8:25am
Quoting Godspromise
{quote} thats why i am waiting if it break 1.25 then ill enter long to the nearest 4 hr zone

There are 50 pips between here and 1.2500, don't understand why you wouldn't be buying now if the setup is there??
Price could push a little above 1.2500 only to head south

I was buying from 1.2430 and sold @ 1.2452, now just waiting for stocks
Don't Leave Money on the Table
  • #823,126
  • Apr 24, 2024 8:34am Apr 24, 2024 8:34am
Quoting Whatevs
{quote} Well, now we'll see... BoJ will fuck up JPY on BoJ Meeting by not hiking rates and then when WS opens that could be it or possibly even when London opens.

If there is going to be intervention it'll be when you least expect it like always LOL
BOJ could be just playing with us claiming they'll intervene yet prefer to have Yen weaken further. As I mentioned in a previous post the Yen was a lot weaker before 1991 and Japanese economy was booming
Don't Leave Money on the Table
  • #823,127
  • Apr 24, 2024 8:36am Apr 24, 2024 8:36am
Quoting HaLBot
{quote} There are 50 pips between here and 1.2500, don't understand why you wouldn't be buying now if the setup is there?? Price could push a little above 1.2500 only to head south I was buying from 1.2430 and sold @ 1.2452, now just waiting for stocks
reason being it's still in a strong resistance area I don't want a reversal to happen and catch me in there in case it happens
  • #823,128
  • Apr 24, 2024 8:41am Apr 24, 2024 8:41am
Quoting HaLBot
{quote} There are 50 pips between here and 1.2500, don't understand why you wouldn't be buying now if the setup is there?? Price could push a little above 1.2500 only to head south I was buying from 1.2430 and sold @ 1.2452, now just waiting for stocks
remember I trade 4 hr zones not so much scalping closer to a day trader than a scalper I could hold a trade for a week or less depending how long it takes too reach my 4 hr zone
  • #823,129
  • Apr 24, 2024 8:46am Apr 24, 2024 8:46am
Quoting Whatevs
Japanese Intervention Extremely Likely Between 156.500 - 157.200.

Just from a technical viewpoint you might get a 200 pip sell off, RSI has peaked into overbought territory. Not guaranteed because it can remain in an overbought state for up to a month if conditions are right.
But at some point there has to be some selling...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Don't Leave Money on the Table
  • #823,130
  • Apr 24, 2024 8:48am Apr 24, 2024 8:48am
Quoting Godspromise
{quote} remember I trade 4 hr zones not so much scalping closer to a day trader than a scalper I could hold a trade for a week or less depending how long it takes too reach my 4 hr zone

Pat says he scalps of the 4hr chart and if I was using the 4hr for my buying and selling I'd be taking a trade once price pushed above yesterdays high....
I usually use the 1hr to guage if I'll take a trade but of course check what's happening on higher time frames. Then I'll drop down to 15 and 5 minute charts and even use the 1 minute for entries
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Don't Leave Money on the Table
  • #823,131
  • Apr 24, 2024 8:54am Apr 24, 2024 8:54am
Quoting HaLBot
{quote} Pat says he scalps of the 4hr chart and if I was using the 4hr for my buying and selling I'd be taking a trade once price pushed above yesterdays high.... I usually use the 1hr to guage if I'll take a trade but of course check what's happening on higher time frames. Then I'll drop down to 15 and 5 minute charts and even use the 1 minute for entries {image}
exactly so but as I said it has to break 1.247 zone before I'll considered the next 4 hr zone and it has to close on the hour candle and if the 4 hour is close for instance 2 hours ago I'll wait until the 4 hr closes because there is always a pullback on the 4 hr close to a support area to push for the next liquidity zone or resistance point
  • #823,132
  • Apr 24, 2024 8:58am Apr 24, 2024 8:58am
Seems to be a lot of resistance above 12450 60 to break before we can move to 125 maybe tonight or tomorrow
Insane in the Brain..
  • #823,133
  • Apr 24, 2024 9:00am Apr 24, 2024 9:00am
Quoting BeeTogether
Seems to be a lot of resistance above 12450 60 to break before we can move to 125 maybe tonight or tomorrow

there's no hourly or 4H sell signal on the dollar chart so GU might start falling again
short trump and go long the deepstate
  • #823,134
  • Apr 24, 2024 9:18am Apr 24, 2024 9:18am
US stocks might not perform today and the US 10year yield is up.....

Although it is early in the US session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
Click to Enlarge Name: screenshot.png Size: 4 KB
Don't Leave Money on the Table
  • #823,135
  • Apr 24, 2024 9:20am Apr 24, 2024 9:20am
It'll go up but it's taking a long time due to pressure and ranging of dollar now.
Affected by the play in UJ.
Exhausted
  • #823,136
  • Apr 24, 2024 9:20am Apr 24, 2024 9:20am
Quoting Zebi
{quote} there's no hourly or 4H sell signal on the dollar chart so GU might start falling again
I have something to show you bro about the shitty currency ah trading but I'll wait maybe until Friday
  • #823,137
  • Edited 9:35am Apr 24, 2024 9:21am | Edited 9:35am
Quoting Whatevs
{quote} Well, now we'll see... BoJ will fuck up JPY on BoJ Meeting by not hiking rates and then when WS opens that could be it or possibly even when London opens.

instead of being consumed by and having your nerves and sanity shot waiting for the intervention just use a sell stop order 100/150 pips below the current price and keep sliding it up as UJ continues its climb and get swept into your intervention shorts when it happens ...instead of staying awake every minute of the way to short manually

if UJ is gonna drop 1000 pips like you say than just place that order 100/150 or even 200 pips below here and still make four/five hundred pips

that's what I'm doing now cause don't want to be long UJ anymore
short trump and go long the deepstate
  • #823,138
  • Apr 24, 2024 9:21am Apr 24, 2024 9:21am
Quoting BeeTogether
Seems to be a lot of resistance above 12450 60 to break before we can move to 125 maybe tonight or tomorrow
thats why I closed my gbpusd trade although I was up 100+ pips I hate stagnant movement where price is deciding which direction to go so I secure profits apart of the discipline I am teaching myself
  • #823,139
  • Apr 24, 2024 9:23am Apr 24, 2024 9:23am
Quoting Zebi
{quote} instead of being consumed by and having your nerves and sanity shot waiting for the intervention just use a sell stop order 100/150 pips below the current price and keep sliding it up as UJ continues its climb and get swept into your intervention shorts when it happens ...instead of staying awake every minute of the way to short manually if UJ is gonna drop 500 pips like you say than just place that order 100/150 or even 200 pips below here and still make four/five hundred pips that's what I'm doing now cause don't want to be long...
he about to get a brain hemorrhage waiting on that drop so many opportunities elsewhere
  • #823,140
  • Apr 24, 2024 9:32am Apr 24, 2024 9:32am
Quoting Godspromise
{quote} he about to get a brain hemorrhage waiting on that drop so many opportunities elsewhere

Imagine the gloating if it does happen and Whatev bags 500 pips
Don't Leave Money on the Table
297 traders viewing now, 6 are registered:
sam3234
,
cobblecop
,
RSdecompose
,
Molaro
,
ericis
,