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Cable Update (GBPUSD)

  • #857,821
  • Apr 4, 2025 11:29am Apr 4, 2025 11:29am
Quoting Coreg2004
{quote} sharingan9, why would you do this? You have excellent charts. During high volatility, your levels will be reached quickly. But reading the structure is the same as during dull markets.
haha I was just joking. Just noting the funny times were in with tariff wars and Trump etc lol. Your charts are smooth as well. Great perspective.
  • #857,822
  • Apr 4, 2025 11:45am Apr 4, 2025 11:45am
Quoting ScalaFX
{quote} taken 80%
one of the best trades this year, closed all, enough
People don't plan to lose. They lose because they don't plan.
  • #857,823
  • Apr 4, 2025 11:50am Apr 4, 2025 11:50am
Never lost so much so quickly as I have last to days. £730 down. At any other time, buying at the top or selling at bottom would have fucked me in the arse.
  • #857,824
  • Apr 4, 2025 12:00pm Apr 4, 2025 12:00pm
Quoting sharingan9
{quote} Yeh youre right. I might as well just throw away my charts trade tariff announcements and Trump/Powell statements haha. These tariffs are shaking up the markets like crazy. The AUD pairs were going nuts too
Lol... All that pump almost wiped out. Tarrifs, Powell, and Trump rule. What sent price up is what's sending it down. Charts are still important.
  • #857,825
  • Edited 3:30pm Apr 4, 2025 12:11pm | Edited 3:30pm
H
  • #857,826
  • Apr 4, 2025 12:11pm Apr 4, 2025 12:11pm
Quoting Wavegarrick
{quote} Last day of the Month and last day of the 1st quarter of 2025 and I am sitting exactly where I was a week ago. We are most likely ending the 1st quarter under 1.30000 and therefore my pullback target remains the medium quarter level at 1.275000. Trade safe. Cheers. {image}
The up move had me scrambling but again my trades are offset by earlier buy trades which kept me calm. It could have been much worse, but you need some sort of luck in trading. 1.27500 remains my target to the downside.
Cheers.
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Trade to trade another day
  • #857,827
  • Apr 4, 2025 12:58pm Apr 4, 2025 12:58pm
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yes yes yes
  • #857,828
  • Apr 4, 2025 1:02pm Apr 4, 2025 1:02pm
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yes yes yes
  • #857,829
  • Apr 4, 2025 1:20pm Apr 4, 2025 1:20pm
so played to full depth, confirmation top failure done 2870 / 60 also , and should close weekly/daily below 2916 and above 2873 ! anyway where it close a correction up likely next possible before bear continue towards 2650 next support to 2308 . lets see how much it can bounce before target
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #857,830
  • Apr 4, 2025 1:56pm Apr 4, 2025 1:56pm
Quoting zefani
I need to quit forex for good. From 2015 without consistency has become stressful. Who's feeling the same? This journey is extremely tough!
Mate, I started this journey roughly 4 years ago. My first two years were stellar, even managed to double my capital. But the last two years have been a serious struggle. I've adjusted my strategy, backtested, read books about managing emotions, etc., but none of that has helped me get my trading back on track. I'm constantly making bad calls and in drawdown often. What seems like clear signals with my trading strategy always end up being fakeouts. I'm near my breaking point. My only saving grace is that i'm still net positive in my overall trading journey, but I'm not sure how long that will last.

EDIT: This tariff nonsense is another thing lighting a fire under my ass. I not only missed what could've been the biggest opportunity of the quarter, but also got in long on GU way too late. I'm now trying to manage my losses.
Trying my best.
  • #857,831
  • Apr 4, 2025 2:24pm Apr 4, 2025 2:24pm
Quoting Wavegarrick
{quote} The up move had me scrambling but again my trades are offset by earlier buy trades which kept me calm. It could have been much worse, but you need some sort of luck in trading. 1.27500 remains my target to the downside. Cheers. {image}
Lond way downside os comming. I expect a Dollar index to rise above 104.30. It will be interesting week/month.
It is nice when people like Tramppp don't know how to do thing. More Tramppp's mistakes- more pips to me.
  • #857,832
  • Apr 4, 2025 2:39pm Apr 4, 2025 2:39pm
It's a relatively long wick to the north; long wicks = aggression
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,833
  • Apr 4, 2025 2:53pm Apr 4, 2025 2:53pm
Quoting Bones
It's a relatively long wick to the north; long wicks = aggression {image}
A big bullish weekly candle changed red in one day, you said we could never do it. Well we couldn't, but Trump did
You have to have an IQ higher than 90 to interact with this user.
  • #857,834
  • Apr 4, 2025 2:56pm Apr 4, 2025 2:56pm
what a day
i made 761 $ from 200 $
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yes yes yes
  • #857,835
  • Apr 4, 2025 2:57pm Apr 4, 2025 2:57pm
Quoting Nordling
{quote} A big bullish weekly candle changed red in one day, you said we could never do it. Well we couldn't, but Trump did
I read the entire picture before:
Monthly hammer+confirm + confirm day 1. You can't change it in that month,
please listen carefully
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,836
  • Apr 4, 2025 3:00pm Apr 4, 2025 3:00pm
We are nearing the end of this hellish week. I'm happy for the traders here who earned during this time Unfortunately, I'm not one of those traders...

My perspective on daily GU chart :
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Those who know me from before know I trade long-term swings using Ichimoku Kinko Hyo as a basis for my speculation. From my point of view, GU is still bullish long-term. The thick, rising green kumo indicates that. Price is hovering around 1.288x-1.299x, which sits uneasily at the Kijun-sen (base line/slow line/blue line) of my system. I am keen on maintaining my bullish stance until there are stronger indicators of sustained bearish energy. Currently, I am looking at 1.276x-1.277x for a possible retracement upwards, in which case I'll put some buy orders in.

News-wise, Trump's tariff policies and Powel's current unwillingness to address them are giving extreme mixed signals, signals that I'm too poorly equipped to even begin understanding. This may be the event that convinces me to switch purely to technical analysis.
Trying my best.
  • #857,837
  • Apr 4, 2025 3:01pm Apr 4, 2025 3:01pm
yes you can change it, that high
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,838
  • Apr 4, 2025 3:02pm Apr 4, 2025 3:02pm
Quoting Nordling
{quote} A big bullish weekly candle changed red in one day, you said we could never do it. Well we couldn't, but Trump did
Mate, this is maddening price behavior. My analyses are getting turned inside-out
Trying my best.
  • #857,839
  • Apr 4, 2025 3:08pm Apr 4, 2025 3:08pm
70% sure thats a bearish print next
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #857,840
  • Apr 4, 2025 3:13pm Apr 4, 2025 3:13pm
Quoting Bones
70% sure thats a bearish print next {image}
Wow. I really need to stop neglecting the Monthly chart.
Trying my best.
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