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Cable Update (GBPUSD)

  • #857,661
  • Apr 3, 2025 3:53am Apr 3, 2025 3:53am
Quoting Theoak
{quote} In for a few pips. hope it retraces to get a better price long 1.3151 target 1.3161
Managed to get 3 lots in. Completion
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Don't trade what you think. Just what you see!!!
  • #857,662
  • Apr 3, 2025 3:59am Apr 3, 2025 3:59am
Quoting firsttimer
{quote} 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. {image}
Personally I wouldn't class this as a bull trend, it's a 'panic' sell of the dollar. If people are wondering, who is buying the pound this high up, they aren't. They are getting out of dollars at any price. Hence the parabolic move. Symantics but hey.
  • #857,663
  • Apr 3, 2025 4:00am Apr 3, 2025 4:00am
taking a good old fashion ass kickin
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"The Rich Never Pay Retail"
  • #857,664
  • Apr 3, 2025 4:02am Apr 3, 2025 4:02am
Quoting Headland
{quote} 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...
I think WG has longer term longs and dabbled in shorter term shorts as well.
Leave Israel alone and Palestine will be free
  • #857,665
  • Apr 3, 2025 4:05am Apr 3, 2025 4:05am
Quoting Forgediron
{quote} I think WG has longer term longs and dabbled in shorter term shorts as well.
Yeh, I think that's right. Zebi was averaged in @ 2899 as I remember, hope he got out.
-------------------------------------------------

....a lot of hyperbole re this Trump move. Only time will tell whether some of it comes to pass, and indeed whether it will do for him/the U.s what he hopes it will.
Trader with an Edge.
  • #857,666
  • Apr 3, 2025 4:05am Apr 3, 2025 4:05am
Quoting Headland
{quote} 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!?
Looking for a short now. I think the Bulls are done, but lets wait and see!!!
Don't trade what you think. Just what you see!!!
  • #857,667
  • Apr 3, 2025 4:29am Apr 3, 2025 4:29am
...Dly R3 and base of a prev 30min sw hi zone = pot res that extends up to 3193 (from Sept 2024) reached @ current dly hi which is @ 260% of 30day adr and 134% of 13wk awr. Next upside calculated pivot is Yrly R1 @/around 3197, then 3237 = 85.4% 3434-2100, then Mthly R2 @/around 3285.

Next prev sw zone to the upside on 4hr is a prev 4hr sw lo zone = pot sbr that extends up to 3239.

1hr below
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Trader with an Edge.
  • #857,668
  • Apr 3, 2025 4:32am Apr 3, 2025 4:32am
Account shattering move for bears... Key note the first 3 trading days of February, March and this April have produced 301 - 320 pips.. I suspect the year will end with a crash below 1.20.
Data + Stat + Risk/Emotions Management
  • #857,669
  • Apr 3, 2025 4:33am Apr 3, 2025 4:33am
Quoting Theoak
{quote} Looking for a short now. I think the Bulls are done, but lets wait and see!!!
1.3223 limit sell placed.
"The Rich Never Pay Retail"
  • #857,670
  • Apr 3, 2025 4:39am Apr 3, 2025 4:39am
Quoting Georginson
Account shattering move for bears... Key note the first 3 trading days of February, March and this April have produced 301 - 320 pips.. I suspect the year will end with a crash below 1.20.
Hi. Well, it's not as though the thing (and likely effects,) weren't well trailed beforehand, so no real sympathy for bears. Not sure about your 1.20 forecast by y/e but anything can happen so who knows,? thanks for that info though.
Trader with an Edge.
  • #857,671
  • Apr 3, 2025 4:49am Apr 3, 2025 4:49am
Quoting Georginson
Account shattering move for bears... Key note the first 3 trading days of February, March and this April have produced 301 - 320 pips.. I suspect the year will end with a crash below 1.20.
The thing is what can precipitate such a move? Price is so far risen that buying here is scary. Selling is scary too. This year might not be normal. It might be a huge shift to a different range of prices, like 2900 to 4000.
  • #857,672
  • Apr 3, 2025 4:52am Apr 3, 2025 4:52am
Quoting teprewitt23
{quote} 1.3223 limit sell placed.
Yeah, I want to hold back a bit because fundamentals will destroy teekies all day long. So, I'm waiting a bit longer to see the set-up, but think I'll be entering short soon.
Don't trade what you think. Just what you see!!!
  • #857,673
  • Apr 3, 2025 4:55am Apr 3, 2025 4:55am
This move, to me, is about both tariffs and pre NFP pump.
  • #857,674
  • Apr 3, 2025 4:57am Apr 3, 2025 4:57am
Quoting Headland
{quote} Yeh, I think that's right. Zebi was averaged in @ 2899 as I remember, hope he got out. ------------------------------------------------- ....a lot of hyperbole re this Trump move. Only time will tell whether some of it comes to pass, and indeed whether it will do for him/the U.s what he hopes it will.
i believe that Z licked his wounds and got long
"The Rich Never Pay Retail"
  • #857,675
  • Apr 3, 2025 4:58am Apr 3, 2025 4:58am
Quoting teprewitt23
{quote} i believe that Z licked his wounds and got long
Hi. His last post had him still short, averaged @ 2899. Here
--------------------------------------------------------------
...price breached the top of the channels on 4hr - that doesn't happen a whole lot on this t/f. The Dly bullish hidden div played out.

4hr then dly below
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Trader with an Edge.
  • #857,676
  • Apr 3, 2025 5:02am Apr 3, 2025 5:02am
Quoting Theoak
{quote} Yeah, I want to hold back a bit because fundamentals will destroy teekies all day long. So, I'm waiting a bit longer to see the set-up, but think I'll be entering short soon.
I don't this bull run is done. Its just breathed

Long in at 1.3171 small one, just tester
target 1.3190
Don't trade what you think. Just what you see!!!
  • #857,677
  • Apr 3, 2025 5:04am Apr 3, 2025 5:04am
Quoting ScalaFX
{quote} stops activated at night, part of the game, shorting one more time 3090, bigger short, price blows last hights, in my opinion still lower prices snd pivots will be met
well done bulls! Still shorting and adding
People don't plan to lose. They lose because they don't plan.
  • #857,678
  • Apr 3, 2025 5:04am Apr 3, 2025 5:04am
tks i am surprised
"The Rich Never Pay Retail"
  • #857,679
  • Apr 3, 2025 5:05am Apr 3, 2025 5:05am
Quoting Georginson
Account shattering move for bears... Key note the first 3 trading days of February, March and this April have produced 301 - 320 pips.. I suspect the year will end with a crash below 1.20.
That's pretty raw prediction .
Well l, now it hit resistance zone and we'll see during several weeks how market gonna be react... if bounce from this price zone or I expect from 1.34.
Then just seek support resistance on weekly timeframes and watch economic news...

Personaly I am disappointed from Rachel Reeves and currently idk what to expect. But I bet for grow and to break the current resistance. At least false break out
Always follow your own shit
  • #857,680
  • Apr 3, 2025 5:14am Apr 3, 2025 5:14am
There's never going to be a bearish hourly candle every again.

Price is currently 150 pips away from the 200EMA on the 5 minute chart.
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