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Cable Update (GBPUSD)

  • #629,661
  • Oct 11, 2021 4:46am Oct 11, 2021 4:46am
Quoting Jolita
{quote} Banked. Nice one
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  • #629,662
  • Oct 11, 2021 4:48am Oct 11, 2021 4:48am
...2 x fibs (not shown on chart below) in this prev 1hr/4hr sw lo zone = prev supp = pot supp down to today's current dly lo...slight downside breach of steepest 4hr asc t/line in the run down.

1hr below.
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Trader with an Edge.
  • #629,663
  • Oct 11, 2021 4:48am Oct 11, 2021 4:48am
This may be setting up to be a sell week. It feels as thought the top is in. I wondered what nonsense Asia was doing buying and then London followed them. But the picture is clear now. Short spikes will be the song now.
  • #629,664
  • Oct 11, 2021 4:53am Oct 11, 2021 4:53am
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #629,665
  • Oct 11, 2021 4:53am Oct 11, 2021 4:53am
Quoting Mitiblotch
This may be setting up to be a sell week. It feels as thought the top is in. I wondered what nonsense Asia was doing buying and then London followed them. But the picture is clear now. Short spikes will be the song now.
NFP Mission on last friday , to complete 3 tap
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #629,666
  • Oct 11, 2021 5:01am Oct 11, 2021 5:01am
... solidly bearish looking 1hr close
Trader with an Edge.
  • #629,667
  • Oct 11, 2021 5:10am Oct 11, 2021 5:10am
Buy 1.3615 with sl 1.3580 hope it will work
  • #629,668
  • Oct 11, 2021 5:15am Oct 11, 2021 5:15am
Price needs continue bearish but can bank holiday reverse it it seeing it's not a normal ranging market environmrnt
  • #629,669
  • Oct 11, 2021 5:16am Oct 11, 2021 5:16am
... how strong are these buyers now? is the top in for the day? Will it just range from here re U.s bank Hol, or will we start to see 'exaggerated' lo-liquidity moves?

1hr below.
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Trader with an Edge.
  • #629,670
  • Edited 6:01am Oct 11, 2021 5:16am | Edited 6:01am
Quoting Jolita
{quote} Economics is not my area, but reading some of the information on the web made me understand the basics. You are bigger expert in this area. Basically in past to keep inflation low EQ helped to lower the cost of borrowing. Thats because one of the ways QE works is by lowering bond yields or interest rate on UK gov bonds. Lower interest rate on Uk gov bonds = lower interest rate on loans for individuals and businesses = bigger spending injected in the economy, therefore inflation is kept at target. We purchased up to Ł895bn of bonds, meaning...
that's the theory ,
but giving the financial sector cheap money to lend to risky business & people doesn't work ,
its safer to invest ,
1st QE was supposed to be temporary ,check the scale of this current program .{why its flooding any market}
This money finds a home and it isn't mostly as designed to help out business/people but build up a financial economy over the real economy

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #629,671
  • Oct 11, 2021 5:20am Oct 11, 2021 5:20am
Quoting Pat Chiko
{quote} Very very lucky trade on Monday Just hang on tere {image}
GU

Scalping day with US clised
Expect tight movement

Cut 4 position, leaving one at H4 supply zone DBD

Add one pisition at H4 demand DBR

Let play with this scalp dont overstay with the trade. Coz there is no prominent trend yet establused
This movement will slaughter you if you try for home run

Time for hit and run to survive

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,672
  • Oct 11, 2021 5:28am Oct 11, 2021 5:28am
If anything I have found it considerably harder to borrow money than prior to 2008 to now
If you had high equity before there were no questions asked, you could borrow against the asset no problem (self cert)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #629,673
  • Oct 11, 2021 5:29am Oct 11, 2021 5:29am
Quoting Pat Chiko
{quote} GU Scalping day with US clised Expect tight movement Cut 4 position, leaving one at H4 supply zone DBD Add one pisition at H4 demand DBR Let play with this scalp dont overstay with the trade. Coz there is no prominent trend yet establused This movement will slaughter you if you try for home run Time for hit and run to survive {image}


missed sell at the top

  • #629,674
  • Oct 11, 2021 5:35am Oct 11, 2021 5:35am
Sell more at 1.36250 will come to sell if price manage to pass 1.36
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #629,675
  • Oct 11, 2021 5:36am Oct 11, 2021 5:36am
Quoting Pat Chiko
{quote} GU Scalping day with US closed. This movement will slaughter you if you try for home run Time for hit and run to survive {image}
Play smart.

Four animals are mentioned especially often on Wall Street:
bulls and bears, hogs and sheep.

Traders say: “Bulls make money, bears make money, but hogs get slaughtered.”
A bull fights by striking up with his horns.
A bull is a buyer who bets on a rally and profits from a rise in prices.
A bear fights by striking down with his paws.
A bear is a seller who bets on a decline and profits from a fall in prices.

Hogs are greedy.
Some of them buy or sell positions that are too large for their accounts and get slaughtered by a small adverse move.
Other hogs overstay their positions they keep waiting for profits even after the trend reverses.

Sheep are passive and fearful followers of trends, tips, and gurus.
They sometimes put on a bull's horns or a bearskin and try to swagger.

You can recognize them by their pitiful bleating when the market becomes volatile.

Whenever the market is open, bulls are buying, bears are selling, hogs and sheep get trampled underfoot, and the undecided traders wait on the sidelines.

Dance with the market
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,676
  • Oct 11, 2021 5:39am Oct 11, 2021 5:39am
Quoting genadi
{quote} missed sell at the top
It was Hidden Supply on H4 at DBD

Did not take the trade

Trying going long again to scalp to Daily OB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,677
  • Oct 11, 2021 5:43am Oct 11, 2021 5:43am
Quoting genadi
{quote} missed sell at the top
I gave you the zone before it hit

I couldn't capitalise unfortunately..got in early, then last surge threw me and couldnt get in on retrace, was a bit rapid
  • #629,678
  • Oct 11, 2021 5:43am Oct 11, 2021 5:43am
Quoting Pat Chiko
{quote} Play smart. Four animals are mentioned especially often on Wall Street: bulls and bears, hogs and sheep. Traders say: “Bulls make money, bears make money, but hogs get slaughtered.” A bull fights by striking up with his horns. A bull is a buyer who bets on a rally and profits from a rise in prices. A bear fights by striking down with his paws. A bear is a seller who bets on a decline and profits from a fall in prices. Hogs are greedy. Some of them buy or sell positions that are too large for their accounts and get slaughtered by a small...
I'm one of these hording my nuts for bad times ahead
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...sometimes I get it wrong
  • #629,679
  • Oct 11, 2021 5:45am Oct 11, 2021 5:45am
Quoting Waveskierrob
{quote} {image}
Nice one bro

Hit and run as today US is not playing with us.
It's going to be tight. Don't be like a hog to overstayed

One position underwater. Two position skimming on water body
The rest already cashed in

Come and let the Bull dance for tonight
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,680
  • Oct 11, 2021 5:50am Oct 11, 2021 5:50am
Quoting Waveskierrob
{quote} I'm one of these hording my nuts for bad times ahead {image}...sometimes I get it wrong
Ouachhhhh

I go nut for trying to get some nuts with my nut got stuck


Ha ha ha

Nut a good ending tho
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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