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Cable Update (GBPUSD)

  • #873,741
  • Apr 8, 2026 1:03pm Apr 8, 2026 1:03pm
The best case scenario for the GU bears is DXY rising to 99.57/62, and then falling back to the low. I'll time my risk longs accordingly.
  • #873,742
  • Apr 8, 2026 1:23pm Apr 8, 2026 1:23pm
The selling acceleration came on this:

Trump “was made aware” of reports in Iranian media about the Strait of Hormuz being closed amid Israel’s attacks on Lebanon, but Leavitt says the US president expects the strait to be reopened “immediately, quickly and safely”.
  • #873,743
  • Apr 8, 2026 1:47pm Apr 8, 2026 1:47pm
Closing my last set of GU and EU shorts. These were early entries that went into profit on this last fall. GU 30p and EU 27p. I'll wait for the lows to form, probably somewhere during the N/A session tomorrow, before going long again.
  • #873,744
  • Apr 8, 2026 1:50pm Apr 8, 2026 1:50pm
The ceasefire seems to be falling apart.

Iranian parliament speaker says 10-point proposal already breached
Mohammad Bagher Ghalibaf, the speaker of Iran’s parliament, says three clauses in Iran’s 10-point proposal on ending the war have been violated before negotiations have even begun.
That includes what Ghalibaf said was an understanding – expressed by Pakistan’s Prime Minister Shehbaz Sharif – that the ceasefire would extend to Lebanon.
Galibaf also said an “intruding drone” entered Iranian airspace, “in clear violation” of a clause prohibiting such breaches, while Iran’s “right to enrichment” was also included in the 10-point plan.
“Now, the very ‘workable basis on which to negotiate’ has been openly and clearly violated, even before the negotiations began. In such [a] situation, a bilateral ceasefire or negotiations is unreasonable,” Ghalibaf wrote.
As we just reported, the White House has said Trump’s demand that Iran halt all uranium enrichment remains a “red line” for the US president.
  • #873,745
  • Apr 8, 2026 2:09pm Apr 8, 2026 2:09pm
Quoting W0lfram
{quote} Reached. Risky short 1.348 Options activity pointing to 1.355
SL 1.343. I'll target 1/4th of yearly range 1.3333
As it looks like a new episode of Santa Trumpbara will be airing soon
Air force
  • #873,746
  • Apr 8, 2026 2:24pm Apr 8, 2026 2:24pm
Quoting W0lfram
{quote} SL 1.343. I'll target 1/4th of yearly range 1.3333 As it looks like a new episode of Santa Trumpbara will be airing soon
Not a bad place to look for longs, hoping for 1.3315/20. Today's breakout brings 1.36 back into play, but I expect that zone next week. My long tomorrow will target 1.3505.
  • #873,747
  • Apr 8, 2026 4:53pm Apr 8, 2026 4:53pm
The method is quite simple, you take signals from the macd according to the direction given by the donchian trend.
in multiplications until it is caught, with small amounts you can continue many multiplications,
say at 3 dollars, reaching a total of 93 dollars in the fifth multiplication.
If it is caught then there is a profit of 3 dollars in the morning of all previous losses if there were any.
In today's example, 5 trades were caught, but even if only 3 are added, it is a profit of 9 dollars a day,
and after 10 days it is another 90 dollars in the account that you can move to a leverage of 6 dollars,
which in its fifth multiplication reaches 186 dollars,
and then again after 5 days the account will be inflated to the 300 dollar area and then you can move to a leverage of 9 dollars,
which then in the fifth multiplication reaches 279 dollars or you can stay at a leverage of 6$
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 89 KB
Click to Enlarge Name: gu1.png Size: 10 KB
yes yes yes
  • #873,748
  • Apr 8, 2026 6:21pm Apr 8, 2026 6:21pm
During Asia I'm running a single trade, long USDCAD, targeting 1.3910.
  • #873,749
  • Apr 8, 2026 9:49pm Apr 8, 2026 9:49pm
Can GBP/USD go down from here (LTP 1.33962) to test 1.3348 today 9th april
  • #873,750
  • Apr 9, 2026 3:23am Apr 9, 2026 3:23am
Inserted Video
  • #873,751
  • Apr 9, 2026 3:35am Apr 9, 2026 3:35am
Just sold GU 3394. TP 32700.
  • #873,752
  • Apr 9, 2026 3:55am Apr 9, 2026 3:55am
Quoting Bflyfx
{quote} Happy days. Gold possible pullback. Eu 1.1540 support for a move to 1.1680
I only follow traders with IQ above 160
Challenge Tour All Time Return: -76.5%
  • #873,753
  • Apr 9, 2026 4:00am Apr 9, 2026 4:00am
...triple fractal swing lo bottom on 1hr now.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 38 KB
Trader with an Edge.
  • #873,754
  • Apr 9, 2026 4:27am Apr 9, 2026 4:27am
Closed all
Quoting Yngwie
Sold 1.3400
18p
Quoting Yngwie
{quote} add short 1.3440
58p
Quoting Yngwie
{quote} Add 1 more short last 1.3475
93p

Total 169p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #873,755
  • Apr 9, 2026 4:34am Apr 9, 2026 4:34am
Quoting Mitiblotch
Just sold GU 3394. TP 32700.
It's a realistic target but may take two days... Safest target is 1.3300 though
Data + Stat + Risk/Emotions Management
  • #873,756
  • Apr 9, 2026 4:40am Apr 9, 2026 4:40am
...after a 103pip downside p/back (from 3484 YH/CWH,) of the steep move-up from 3178 CWL to said 3484, the bulls looked like they were thinking, screw-it, enough of this downside, let's buy the pullback, and with a 1hr triple bottom @ the current p/back lo of that move, it may be looking good for them? Right now though they are meeting sbr supply in a prev 1hr sw lo zone = pot sbr after an upside b/o of today's AH, to a new CDH.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 47 KB
Trader with an Edge.
  • #873,757
  • Apr 9, 2026 4:52am Apr 9, 2026 4:52am
Sold 1.3410 SL 1.3420
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #873,758
  • Apr 9, 2026 4:54am Apr 9, 2026 4:54am
Quoting Headland
...after a 103pip downside p/back (from 3484 YH/CWH,) of the steep move-up from 3178 CWL to said 3484, the bulls looked like they were thinking, screw-it, enough of this downside, let's buy the pullback, and with a 1hr triple bottom @ the current p/back lo of that move, it may be looking good for them? Right now though they are meeting sbr supply in a prev 1hr sw lo zone = pot sbr after an upside b/o of today's AH, to a new CDH. 1hr below {image}
Bulls can only take over if 1.3440 is touched today... Otherwise a crash to 1.3320 is a real possibility.
Data + Stat + Risk/Emotions Management
  • #873,759
  • Apr 9, 2026 5:16am Apr 9, 2026 5:16am
Quoting Georginson
{quote} Bulls can only take over if 1.3440 is touched today... Otherwise a crash to 1.3320 is a real possibility.
Hi. Thanks. I don't know about those numbers. We all look at things a different way. I see an attempt to buy the deep 102pip p/back of the 3178-3484 steep CWL-CWH up-move, meeting 1hr sbr supply. Interestingly though, that up-move didn't stay north of 4hr range/congestion after the 1st very slight upside b/o to 3484 YH/CWH though, the range top being 3483. You could say that there have been 5 failed attempts to b/o south of it, and 3484 YH/CWH was a 1st failed attempt to b/o north of it. Depends how you look at it.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 56 KB
Trader with an Edge.
  • #873,760
  • Apr 9, 2026 5:24am Apr 9, 2026 5:24am
Quoting Headland
{quote} Hi. Thanks. I don't know about those numbers. We all look at things a different way. I see an attempt to buy the deep 102pip p/back of the 3182-3484 steep CWL-CWH up-move, meeting sbr supply. Interestingly though, that up-move didn't b/o and stay north of 4hr range/congestion though. You could say that there have been 5 failed attempts to b/o south of it, and 3484 YH/CWH was a 1st failed attempt to b/o north of it. Depends how you look at it. 4hr below {image}
I studied each bearish daily candle and discovered that none have open to high price of 50 pips or more. This means that if today's candle fail to move at least 45 pips above today's open, then the candle will be bearish today.

Also noteworthy that this week already produced 307 pips range and the Maximum range for this week in this year so far is 320 pips, which means 98% of the weekly range is complete and we have just today and tomorrow left to end the week. I expect at least 150 pips retracement from the high of 1.3483 which takes us to 1.3333 where may be an area of interest for bulls to come back in.
Data + Stat + Risk/Emotions Management
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