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Cable Update (GBPUSD)

  • #631,441
  • Oct 15, 2021 1:00pm Oct 15, 2021 1:00pm
Quoting Nordling00
{quote} You are right, i shouldn't be explaining myself but I suck at ignoring people unfortunately
He does not get it. Some people just do not know how to analyze fundamentals and apply it to trading. What are you going to do, it pays my bills and earns me very good amount of money. Trade safe.
  • #631,442
  • Oct 15, 2021 1:02pm Oct 15, 2021 1:02pm
Quoting Coreg2004
{quote} Ihlas, who wanted to buy euro against cable in the last 7 weeks? {image}
Hi Coreg,
Amazed that the target is exactly at the same place. Maybe nobody will buy. I was expecting to buy EG if GU has crashed the pivot today. But it didn't happen. Buying might be next week Target is last 7 weeks only green handle wick top. Good to know sometimes I think the same plans. Thanks to you
  • #631,443
  • Oct 15, 2021 1:07pm Oct 15, 2021 1:07pm
i was one of the first that been calling Gu 138 since before the end of September, it seems my call was to early but we are not far from it..

i trade both day and swing and my post may seem like a dreamer.

below 138 i am bearish with 500-600pips down
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MY OPINION NOT FINANCIAL ADVISE
  • #631,444
  • Oct 15, 2021 1:33pm Oct 15, 2021 1:33pm
Some time ago someone recommended that I be grateful for everything.

I recommend that everyone practice gratitude!

I think there are 2 words that can change your life.

These are:
Thank you!

You can give thanks for anything and you can turn your life into gratitude. Start in your family.

Change everything in your life ... guaranteed ... and it's SO SIMPLE ...
simple ... but ... but it has an ATOMIC character

Small things can influence big changes ...

Gratitude is a powerful tool.

When we practice gratitude ... when we are grateful ... we train the brain ... WE FORCE THE EGO ... TO LEARN POSITIVE THINGS!

And that is very important in our lives.

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #631,445
  • Oct 15, 2021 1:46pm Oct 15, 2021 1:46pm
Quoting donfriday
down to 13400-13390 should be expected 1st or 2nd week of october 13600 just my opinion
Don, this was your call for this week.
  • #631,446
  • Oct 15, 2021 1:54pm Oct 15, 2021 1:54pm
Quoting Jolita
{quote} Don, this was your call for this week.

u didnt even check the date... i was expecting 13550 13525 to buy..you can look for the post.....
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MY OPINION NOT FINANCIAL ADVISE
  • #631,447
  • Edited 3:12pm Oct 15, 2021 1:55pm | Edited 3:12pm
Quoting donfriday
i was one of the first that been calling Gu 138 since before the end of September, it seems my call was to early but we are not far from it.. i trade both day and swing and my post may seem like a dreamer. below 138 i am bearish with 500-600pips down {image} {image} {image}
I was calling too, even higher, but not happened then, and now we are back to my lost profits. If I kept my trades open, I would have saved a lot of money! You never know, right. But as Pat said, forget and dont look back at your losses.
Moving on....
  • #631,448
  • Oct 15, 2021 2:03pm Oct 15, 2021 2:03pm
Quoting Jolita
{quote} I was calling too, even higher, but not happened then, and now we are back to my lost profits. If I kept my trades opened, I would have saved a lot of money! You never know, right. But as Pat said, forget and dont look back at your losses. Moving on....

i have wanted the 138 since august as my short for swing trade

ATM i am only looking for short on GU until we break 138 any short that give 50pips sl will be on BE till 133 132
MY OPINION NOT FINANCIAL ADVISE
  • #631,449
  • Oct 15, 2021 2:05pm Oct 15, 2021 2:05pm
Quoting donfriday
{quote} u didnt even check the date... i was expecting 13550 13525 to buy..you can look for the post.....
I have nothing against prediction, is good to compare opinions.
Georginson is the one that actually scared me to bits and made me re-think. His accuracy was unbelievable and I made my decision to close as was not prepared to go to his lows. We still stuck in the middle.
  • #631,450
  • Oct 15, 2021 2:09pm Oct 15, 2021 2:09pm
Quoting donfriday
{quote} i have wanted the 138 since august as my short for swing trade ATM i am only looking for short on GU until we break 138 any short that give 50pips sl will be on BE till 133 132
I like reading your posts, thanks a million!
  • #631,451
  • Oct 15, 2021 2:19pm Oct 15, 2021 2:19pm
Quoting Jolita
{quote} I have nothing against prediction, is good to compare opinions. Georginson is the one that actually scared me to bits and made me re-think. His accuracy was unbelievable and I made my decision to close as was not prepared to go to his lows. We still stuck in the middle.

the market was only retesting the broken support that turn resistance at 13750 to 138

otherwise only a scalper will be buying at 137


the 2 ways 1 will play out by Nov
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MY OPINION NOT FINANCIAL ADVISE
  • #631,452
  • Oct 15, 2021 2:59pm Oct 15, 2021 2:59pm
Attached Image (click to enlarge)
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Price covered 100% of daily open + 100% ATR(14).
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #631,453
  • Edited 11:44pm Oct 15, 2021 3:04pm | Edited 11:44pm
Attached Image (click to enlarge)
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Support/Resistance chart above.

Highest/Lowest H1 Open chart below.

Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #631,454
  • Oct 15, 2021 3:28pm Oct 15, 2021 3:28pm
Shorts running over weekend

See you next week!!!
  • #631,455
  • Edited 6:09pm Oct 15, 2021 3:31pm | Edited 6:09pm
Quoting Bones
what change debate ? yea its a nightmare no one cares about economics ,those books have been re written ,only what the Fed do next matters
Oh come on drop it already

Each to their own. I am bearish on GBP/USD relying on the economics. You can say "i told ya" if i lose. But if i win this too, -like i did in the past against you on GU- you will leave me alone and say "you were right" deal?
You have to have an IQ higher than 90 to interact with this user.
  • #631,456
  • Oct 15, 2021 3:32pm Oct 15, 2021 3:32pm
1.38? Man, you got some nerves and account to hold onto 400pips drawdown over a month A swing one?

Quoting BeeTogether
{quote} me too mate my b/e Is at 138
  • #631,457
  • Oct 15, 2021 3:38pm Oct 15, 2021 3:38pm
Quoting kk300
{quote} Sell running... Target 3650.. news coming.. lets see.. Good luck All
Closed. +15.. due to weekend.. will reload later... target remains 3650..
  • #631,458
  • Oct 15, 2021 3:42pm Oct 15, 2021 3:42pm
Quoting Mr.Burger
{quote} I doubt price can reach 3750, there is a divergence there, it could fall like a glass {image} --- Tight trailing stop, I won't let the market take it back
Before market closing, take some to the bank --- 50% with partially close
50% size left now
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-- Have a nice weekend everyone
Daddy, Brother, Lover, Little Boy
  • #631,459
  • Oct 15, 2021 3:44pm Oct 15, 2021 3:44pm
Quoting Ilvez
1.38? Man, you got some nerves and account to hold onto 400pips drawdown over a month A swing one? {quote}
i call it stupidity lol but yeah nerves are trashed.
Insane in the Brain..
  • #631,460
  • Edited Oct 16, 2021 11:20am Oct 15, 2021 4:02pm | Edited Oct 16, 2021 11:20am
Market has just closed. A > 30day adr day and > 13 week awr week. Nice upside swing today with a pullback from the dly/wkly hi of 3774 @ a prev 4hr sw lo zone = prev supp = pot sbr from 16th Sept. (shown on 4hr below.)

Wkly Candle closes bullishly. This t/f's last few fractal swings starting @ 4249 and leading down to 3411 (current yrly hi-lo) have been HH, HL, LH, L, H, HL, LH, L so a messy general downtrend of sorts, but not wholly convincing.
Dly Candle closes bullishly but with a bigger upper wick than lower. The t/f is in a general uptrend with 2 x HL's and what will be(@ friday's wkly hi or higher) a HH when it forms fractally.
4Hr Last 4hr candle of the week closes bearishly following the pullback from Friday's 3774 hi. The t/f is in a general uptrend after an upside b/o of the consolidation on this t/f earlier in the week, pullback to, and further upside move from, in the week just closed.

* It could be said that the move from 4249-3411 is a pullback in the mthly general uprtrend -or- It could also be argued that the move from 3411-3774 is a pullback in the wkly general downtrend.
* Whatever transpires re the above scenarios, what we know is that t/f's from 30min to dly are in uptrends, and that there is nothing inevitable about a drop below 3411, but that anything can happen. Supporting the later scenario however, many fundamental analysis led forecasts, like some posters here in this thread, are suggesting that a fall in this pairing into the year-end is more likely than a continued rise of any magnitude.

Wkly, Dly, and 4Hr below.
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