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Cable Update (GBPUSD)

  • #857,481
  • Apr 1, 2025 4:11am Apr 1, 2025 4:11am
Quoting Headland
Hello. back from Hols. Thread seems to have died a bit - missing Pat chiko, Zebi, Waveskierrob etc... regular posters who haven't for a while it seems, and I've been away for 3 weeks. Anyways.... 4hr tells the story, - in general - uptrend till 20th March then rangy ever since on this t/f, but really - stuck in a 2859-3015 range for longer than that. So far this week price remains in last week's pip range hi and lo.So far today, a false 1st downside b/o of the asian lo with support coming in near top of the 4hr part of...

welcome back! You went and GU died a death lol
how was the hols?
Insane in the Brain..
  • #857,482
  • Apr 1, 2025 4:16am Apr 1, 2025 4:16am
Started shorting one more time, 2935, will add even to 3000
People don't plan to lose. They lose because they don't plan.
  • #857,483
  • Apr 1, 2025 4:16am Apr 1, 2025 4:16am
Quoting BeeTogether
{quote} welcome back! You went and GU died a death lol how was the hols?
Hi, lol, hope you are well. I am sure that was just a coincidence, - yeh hols were great thanks, just got some Spring Med sun for 3 weeks. Daughter getting married in Aus later in the year, so planning a big trip and some traveling whilst we are in that vicinity, so looking forward to that.
------------------------------------------------------------------------------------------------------------------------------------

...1hr currently rangy too.

1hr below
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Trader with an Edge.
  • #857,484
  • Apr 1, 2025 4:27am Apr 1, 2025 4:27am
Quoting ScalaFX
Started shorting one more time, 2935, will add even to 3000
This pair is useless. But we should at least get 2838 this month.
  • #857,485
  • Apr 1, 2025 4:36am Apr 1, 2025 4:36am
...Mthly closed bullishly. I can see that over the last few weeks - if you are a trend trader and/or on say 1hr, but more 4hr+ t/f's as your trigger for entry/exit, you will probably be very frustrated right now. Your TA should hold good on all t/f's, but your psychology may suffer dropping down the t/f's to stay productive in 4hr/1hr rangy times. For those (like me) on sub 1hr t/f entry/exit triggers, 4hr/1hr ranges are great. The choice for others is; alter your t/f's, or, if the lower t/f's affect you too much re psychology, - move instruments, but whatever you do, you gotta stay productive/gainful and not suffer 'death by a thousand cuts' in a range.

dly below
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Trader with an Edge.
  • #857,486
  • Apr 1, 2025 4:43am Apr 1, 2025 4:43am
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yes yes yes
  • #857,487
  • Edited 5:40am Apr 1, 2025 5:29am | Edited 5:40am
...so, 1st test of the prev 1hr/minor 4hr sw hi zone = pot res leading up to Asian/current dly hi is strongly rebuffed by sellers there. Still v. rangy on 1hr.
That prev 1hr/4hr/minor dly sw hi zone = prev res = pot res that leads up to last wk's 2992 hi has had 4 x 1hr attempts on it and met sellers each time, the 4th attempt @ y/day hi/current wkly hi being the deepest into it.

1hr below
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Trader with an Edge.
  • #857,488
  • Apr 1, 2025 5:40am Apr 1, 2025 5:40am
The GBP/JPY and USD/JPY 30-minute charts show similar price movements, with the H4 ATR red thick line below the daily ATR blue thick line. It rose once at the red support but was unable to surpass the RSI high and has fallen again. Both have short positions in Tokyo and are planning to exit before NY.
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  • #857,489
  • Apr 1, 2025 5:58am Apr 1, 2025 5:58am
While GU is faffing around, I looked to the Yen pairs for 300pips .
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  • #857,490
  • Apr 1, 2025 6:16am Apr 1, 2025 6:16am
Closing my last UJ short position here for 80pips. That's me for today.
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  • #857,491
  • Apr 1, 2025 6:40am Apr 1, 2025 6:40am
I have a strategy that works 80% of the time and it’s mainly focused on volume. If you are a trader please focus on volume.

Thats why most of the volume indicators are not free.

I caught the Gold drop yesterday, BTCUSD rally and currently on the GBPJPY drop. You can see for yourself.
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My telegram: https://t.me/avidforex
  • #857,492
  • Apr 1, 2025 7:02am Apr 1, 2025 7:02am
Quoting ScalaFX
Started shorting one more time, 2935, will add even to 3000
protected
People don't plan to lose. They lose because they don't plan.
  • #857,493
  • Apr 1, 2025 7:06am Apr 1, 2025 7:06am
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yes yes yes
  • #857,494
  • Apr 1, 2025 7:29am Apr 1, 2025 7:29am
Gbpnzd short
tp1 2.26312
tp2 2.25817
sl 2.27637
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My telegram: https://t.me/avidforex
  • #857,495
  • Apr 1, 2025 7:53am Apr 1, 2025 7:53am
Short in at 1.2895 target 1.2875
Don't trade what you think. Just what you see!!!
  • #857,496
  • Apr 1, 2025 7:59am Apr 1, 2025 7:59am
UJ SL at 14960 (+20 pips)
Insane in the Brain..
  • #857,497
  • Apr 1, 2025 8:02am Apr 1, 2025 8:02am
Yen pairs climbing back a bit before the data.
Insane in the Brain..
  • #857,498
  • Apr 1, 2025 8:03am Apr 1, 2025 8:03am
Quoting Theoak
Short in at 1.2895 target 1.2875
Out of it not gunna crack
Don't trade what you think. Just what you see!!!
  • #857,499
  • Apr 1, 2025 8:20am Apr 1, 2025 8:20am
Quoting firsttimer
{quote} very slow movement. tight range for now. protect all, tp some and let the rest run.
still short bias for UJ. will look for setup at higher levels.
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  • #857,500
  • Apr 1, 2025 8:23am Apr 1, 2025 8:23am
going long
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