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Cable Update (GBPUSD)

  • #857,641
  • Apr 3, 2025 2:35am Apr 3, 2025 2:35am
Quoting Mitiblotch
{quote} You are correct. He has a lot of impact on the market. But I think that's only when it aligns with the market's plan. Before Trump was sworn in it was clear as daylight that USD would be sold off this year hece the dump last year. It's just a cycle. This year GU and EU will be up and up only. My only worry is where to get in. Because, like you said, Trump can give us a 200 pip dump, but then the direction is still up.
I wish I could get back to swing trading, because I love travelling. But with this mess, I don't know. I was forced to brush up on my trend line trap strategy, which I haven't used for years, case in point to your pump/dump comment.
  • #857,642
  • Apr 3, 2025 2:36am Apr 3, 2025 2:36am
UJ recovery looking a bit slow may switch to GJ
Insane in the Brain..
  • #857,643
  • Apr 3, 2025 2:40am Apr 3, 2025 2:40am
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yes yes yes
  • #857,644
  • Apr 3, 2025 2:44am Apr 3, 2025 2:44am
...30min and 1hr are in classic uptrends right now, 4hr just a b/o of the recent range so far - albeit a big upside b/o!

Dly still in a general uptrend after the recent 'consolidation' was broken decisively to the upside.

dly below
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Trader with an Edge.
  • #857,645
  • Apr 3, 2025 2:52am Apr 3, 2025 2:52am
Loooooving this price movement
Leave Israel alone and Palestine will be free
  • #857,646
  • Apr 3, 2025 2:55am Apr 3, 2025 2:55am
Quoting Headland
G/M, so Trump broke the 1hr/4hr/dly recent range lol! Wow! - already @ 194% of 30day adr and a 1st upside b/o of y/day hi, asian hi now, and y/day - last wk's hi. Mthly R1 and Wkly R3 breached to the upside now, and 76.4% of the total 3434-2100 fall reached. @ current dly hi a prev 1hr/4hr sw hi zone = prev res from Oct'2024 that extends up to 3134. Price has traveled 110% of 13wk awr. 4hr below {image}
The market loves Trump
Attached Image (click to enlarge)
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Leave Israel alone and Palestine will be free
  • #857,647
  • Apr 3, 2025 2:57am Apr 3, 2025 2:57am
3250 anyone?
Leave Israel alone and Palestine will be free
  • #857,648
  • Apr 3, 2025 3:02am Apr 3, 2025 3:02am
I'm calling it quits for the rest of the week. This is ridiculous. Hopefully it'll start consolidating or something next week. I can't do straight lines. It's hardly even giving 10-15 pip reversals.

3 bearish hourly candles out of the last 19.
  • #857,649
  • Edited 3:25am Apr 3, 2025 3:05am | Edited 3:25am
Quoting Forgediron
3250 anyone?
Hi. Anything is posible, but probable today given we are already > 200% of 30day adr traveled,? I don't know. That said it's an extraordinary circumstance that is driving it so you never know, - certainly probable at some point I would have thought,? barring any further contrary shock/development.
---------------------------------------------------------------
...I wonder whether Zebi and Wavegarrick got out of their longer-term shorts before Trump y/day?
---------------------------------------------------------------
...Straight-line upside b/o of the recent 4hr range on 4hr so far. Likely this current 4hr candle will close bullish-bodied at least, at top of this current hour, which will make 8 consecutive bullish-bodied 4hr closes.

EDIT: Added 4hr stuff.

4hr below
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Trader with an Edge.
  • #857,650
  • Apr 3, 2025 3:22am Apr 3, 2025 3:22am
Actually fuck it. Long 1.3150. SL 1.3135
  • #857,651
  • Apr 3, 2025 3:22am Apr 3, 2025 3:22am
bro aint gbp overbought ?
Hakuna Matata!
  • #857,652
  • Apr 3, 2025 3:25am Apr 3, 2025 3:25am
Nice bullish momentum. Looking at going long again for a few pips.
Don't trade what you think. Just what you see!!!
  • #857,653
  • Apr 3, 2025 3:27am Apr 3, 2025 3:27am
Any insight for the few hour forecast ? looked too steep in the recent hours.
  • #857,654
  • Apr 3, 2025 3:28am Apr 3, 2025 3:28am
Quoting Hoshey
bro aint gbp overbought ?
There is no such thing.
  • #857,655
  • Apr 3, 2025 3:29am Apr 3, 2025 3:29am
Quoting Theoak
Nice bullish momentum. Looking at going long again for a few pips.
In for a few pips. hope it retraces to get a better price
long 1.3151 target 1.3161
Don't trade what you think. Just what you see!!!
  • #857,656
  • Apr 3, 2025 3:30am Apr 3, 2025 3:30am
Quoting Nala66
{quote} There is no such thing.
Hi, lol - and is often used pejoratively/hopefully by traders trapped in opposing trades.
Re 'no such thing' - my 1hr for eg went o/b circa 2979 lol! My 4hr has just gone into o/b during the current still developing candle.
----------------------------------------------------------

...Mr fanciful and Theoak, what happened to buy lo sell hi lol!? With momentum you are hoping to buy hi sell higher!?
Trader with an Edge.
  • #857,657
  • Apr 3, 2025 3:34am Apr 3, 2025 3:34am
Quoting Mitiblotch
3143 is 78.6% fib retracement of the last down move on the daily. Might yield some pips.
Risk a few here at 3148.
  • #857,658
  • Apr 3, 2025 3:40am Apr 3, 2025 3:40am
...price entering botom of 4hr part of a prev 1hr/4hr sw hi zone = pot res from Oct 2024 that extends up to 3074. Dly R3 above there.
Trader with an Edge.
  • #857,659
  • Apr 3, 2025 3:46am Apr 3, 2025 3:46am
Quoting firsttimer
{quote} It is safer to be with the trend. For the hourly timeframe, i would prefer to take long positions at lower levels. DXY and EU should be referenced closely. {image}
i am still riding the bull trend. moving my sl along to protect. possible TP at about 1.32

will not enter any sell position. i would prefer to enter buy at lower price when there is pullback.
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  • #857,660
  • Apr 3, 2025 3:53am Apr 3, 2025 3:53am
This has to be the biggest 4hour candle of the year so far right? 110 pips.
430 traders viewing now, 1 is registered:
Ahsan