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Cable Update (GBPUSD)

  • #823,321
  • Edited 6:53am Apr 25, 2024 6:06am | Edited 6:53am
Quoting MIKKI
{quote} are you expecting bad US data
to get sellers or bears US data has to be good the data is forecasted as bad though it might be mixed today more likely
  • #823,322
  • Apr 25, 2024 6:06am Apr 25, 2024 6:06am
Quoting birdland
the weakest shorts have been thrown overboard again with a small profit. but i think we could test today's highs again. {image}
you're a smart mad the bullish strength of usd has given retail sellers false hope they will enter the market prematurity
  • #823,323
  • Apr 25, 2024 6:09am Apr 25, 2024 6:09am
The UK Govt. certainly don't represent the people.. their own vested interests always come first; ditto in The US.


History repeats itself.. same thing happened during the Vietnam war the people stoodup and demanded an end..
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,324
  • Apr 25, 2024 6:19am Apr 25, 2024 6:19am
Quoting Godspromise
{quote} you're a smart mad the bullish strength of usd has given retail sellers false hope they will enter the market prematurity
in the end, i don't know either, i can only estimate the probability and control the risk.
trading is like dancing, don't think and just listen to the music!
  • #823,325
  • Apr 25, 2024 6:24am Apr 25, 2024 6:24am
Quoting Pat Chiko
The UK Govt. certainly don't represent the people.. their own vested interests always come first; ditto in The US. History repeats itself.. same thing happened during the Vietnam war the people stoodup and demanded an end..{image}

Hey Pat it's a very divisive issue, I could say a lot of home truths about what's really going on in these so called universities but I won't except to say there's a lot of manufactured outrage....
Don't Leave Money on the Table
  • #823,326
  • Apr 25, 2024 6:42am Apr 25, 2024 6:42am
on news, price could drop to 2382/85 for new buy entry.

beware
Intraday only.
  • #823,327
  • Apr 25, 2024 6:43am Apr 25, 2024 6:43am
Targeting 1.246.
In Short from 1.252
  • #823,328
  • Apr 25, 2024 6:48am Apr 25, 2024 6:48am
Quoting Jackoboms
Where are my SELLers, Shorters and BEARS? Are you ready?
I am ready
1.24200 in the making
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yes yes yes
  • #823,329
  • Apr 25, 2024 7:04am Apr 25, 2024 7:04am
Quoting Zebi
short 2466 off of hourly sl open tp open

god damn...price jumped up while I was sleeping

just added short 2510..average 2488

everything still open
short trump and go long the deepstate
  • #823,330
  • Apr 25, 2024 7:08am Apr 25, 2024 7:08am
Quoting Luxyus
{quote} with alert reached @1.2352 TP1 reached and checking charts, i m extending target TP2 @1.2180 and TP3 @1.1950 according to Monthly TF. left just 2 of five shorts. {image}
points little by little decreasing, positive SL set @1.2550, eventually i ll reconsider the main plan in the W/E.
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chaos is just unknown order
  • #823,331
  • Apr 25, 2024 7:14am Apr 25, 2024 7:14am
Quoting Fardeen1209
{quote} You are crazy with that kind of trade size.
Hey Bro.

Trading gold is a whole different ball game compared to trading currencies like GBP/USD or USD/JPY.
Seriously, XAU/USD is no place for newbies.
This pair can go wild, swinging 100 to 150 pips in a single move, and wiping out your trades in no time.

So, yeah, gold can be a brutal beast, and it feels like there's more market manipulation happening here than in other pairs.
I've lost count of how many times I've been stopped out suddenly in XAU/USD, only to see the price go the exact way I thought it would.
It's super frustrating, and I've come close to giving up on trading gold altogether.

Should I just stop using tight stop losses?
What's the ideal pip range for stop losses in XAU/USD?
You have to test it to know where or when to bail..

What do you think about dealing with all this market manipulation in the gold market?
The thing is, you gotta have faith in your own strategy to stick with it.

Sometimes people bail out on a trade, then it goes exactly where they predicted.
The best trades happen after everyone else has been stopped out.
It's like a game of chicken.
And the good trades?
They're the hardest.
You gotta trust yourself and keep going, even when everyone else bails.

I've said this a million times, but focus on making the best trades.
The money will follow.

It's you against the market makers. Think like them—what would you do in their shoes?
Once you start thinking like this, trading becomes a lot more interesting.
But yeah, I know, it's easier said than done. But we're getting there. Keep at it, and remember, the journey is part of the process.

Now, about your question regarding "crazy trade size."
I use what's called "recycled money."
I'll share a chart ( need to put charts together to show it to you)and explain how I trade using this approach later.
I've posted it before, but I don't want to overshare my money management strategy here—everyone has their own way of managing their trades.

Best Wishes
PAT CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,332
  • Apr 25, 2024 7:16am Apr 25, 2024 7:16am
Quoting Zebi
{quote} god damn...price jumped up while I was sleeping just added short 2510..average 2488 everything still open
There goes the neighbourhood.
  • #823,333
  • Apr 25, 2024 7:18am Apr 25, 2024 7:18am
US stocks index premarket bleedin
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chaos is just unknown order
  • #823,334
  • Apr 25, 2024 7:20am Apr 25, 2024 7:20am
hourly dollar chart looks like bouncing again

ill close my shorts for a loss if hourly closes below the low

on 4H looks like will go back to 106
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short trump and go long the deepstate
  • #823,335
  • Apr 25, 2024 7:20am Apr 25, 2024 7:20am
Added SL at 12470 for the data, if it hits I go short to 12380
Insane in the Brain..
  • #823,336
  • Apr 25, 2024 7:26am Apr 25, 2024 7:26am
Come on data
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yes yes yes
  • #823,337
  • Apr 25, 2024 7:27am Apr 25, 2024 7:27am
Quoting Pat Chiko
{quote} Hey Bro. Trading gold is a whole different ball game compared to trading currencies like GBP/USD or USD/JPY. Seriously, XAU/USD is no place for newbies. This pair can go wild, swinging 100 to 150 pips in a single move, and wiping out your trades in no time. So, yeah, gold can be a brutal beast, and it feels like there's more market manipulation happening here than in other pairs. I've lost count of how many times I've been stopped out suddenly in XAU/USD, only to see the price go the exact way I thought it would. It's super frustrating,...
Very well put, bro
Trading Indexes prove to be easier than trading Gold.
Too much manipulation in GOLD, a trader may be very well position, only to find out later, he is stopped out.

Currently, scalping in NAs100 for GDP
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Very tight risk ~$15
More time in the market, does not mean you trade better!
  • #823,338
  • Apr 25, 2024 7:27am Apr 25, 2024 7:27am
BOJ Policy Rate

Hey, guys.
Tomorrow's a big day for the Bank of Japan (BoJ)—they might be changing their policy rate.

People are wondering if they'll raise it by 0.25%.
It's not just about the big picture BoJ could've started tightening their policy last year.
It's more like a game between traders and the BoJ.
A lot of traders are betting against the yen because they think it's a smart move, thanks to better returns elsewhere (carry trades).

At this point, the BoJ could surprise everyone by raising rates to show they're worried about the yen getting too weak.
This might be less harmful to Japan's economy compared to the risks of the yen devaluing more.

This could shake up the market, making it trickier for speculators who thrive on stable, predictable policies.
If they get spooked, it's not good news for carry trades.

There's another question here: why should Japan worry about a weak yen?
A weaker yen makes Japan's exports more competitive, especially compared to China.
And as long as oil prices don't skyrocket, it doesn't really hurt Japan with high import costs.
But if oil gets much more expensive, then it might be a problem.

But here's the thing. Japan kind of has to play by the USA's rules when it comes to buying energy
(In French words it is : Japan is the USA's bitch).
They can't just buy from any big energy exporter like the Middle East or Russia unless it's in US dollars.
It'd be awesome if they could buy Russian energy with yen—it could really boost Japan's economy in a few years.
But with the current setup, that's just not happening.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,339
  • Apr 25, 2024 7:31am Apr 25, 2024 7:31am
Quoting mallee
{quote} There goes the neighbourhood.

are you objecting i moved in next door?
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short trump and go long the deepstate
  • #823,340
  • Apr 25, 2024 7:34am Apr 25, 2024 7:34am
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E. and BP --- I shorted before the news......and fortunately I had no SL..............[ They are @@st@rds ]

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