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Cable Update (GBPUSD)

  • #631,461
  • Edited Oct 16, 2021 3:47am Oct 15, 2021 10:07pm | Edited Oct 16, 2021 3:47am
Quoting Jolita
This worries me {image}
Due to participate in a virtual panel discussion titled "Global Economy: managing uncertainty" at the G30 International Banking Seminar
This speech is not about the U.K. economy nor it is about rate hikes or anything similar.
Just an ordinary seminar speech regarding the global economy and it will have zero impact on the GBP.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #631,462
  • Edited Oct 16, 2021 3:03am Oct 15, 2021 11:25pm | Edited Oct 16, 2021 3:03am
Quoting Mitiblotch
{quote} That's a good amount of profit. You should be smiling to the bank.
I sent you something nice! enjoy..
  • #631,463
  • Oct 15, 2021 11:46pm Oct 15, 2021 11:46pm
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.
Hi Jolita, these anticipated lows of 1.3310 - 1.3250 (late October - early November) then 1.3000 - 1.2800 (late November - December) can only be delayed but cannot be denied.

As Donfriday previously stated and now Coreg2004, 1.3800 - 1.3823 looks like area that is being looked for now to smack this pair down real hard. You may check July 20 Low of 1.3571 to July 30 High of 1.3983 which had 412 pips upward correction before another smack down 1.3411.

I can clearly see another smack down to 1.3250 area in days ahead. The bulls have taken it up by 362 pips from September lows, most I now see is 1.3800 - 1.3823. which means maximum Risk for sellers is now 60 - 75 pips from here and it will be almost stupid to be risking 500 pips for 75 pips that may or may not happen.

A man can be criticized for his vision but cannot be blamed anymore when his vision becomes reality.
Data + Stat + Risk/Emotions Management
  • #631,464
  • Edited 8:02am Oct 16, 2021 12:19am | Edited 8:02am
H8 !
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  • #631,465
  • Oct 16, 2021 12:31am Oct 16, 2021 12:31am
Quoting Georginson
{quote} Hi Jolita, these anticipated lows of 1.3310 - 1.3250 (late October - early November) then 1.3000 - 1.2800 (late November - December) can only be delayed but cannot be denied. As Donfriday previously stated and now Coreg2004, 1.3800 - 1.3823 looks like area that is being looked for now to smack this pair down real hard. You may check July 20 Low of 1.3571 to July 30 High of 1.3983 which had 412 pips upward correction before another smack down 1.3411. I can clearly see another smack down to 1.3250 area in days ahead. The bulls have taken it...
Until Next month comes we will stay bullish the cross positions are serving as an anchor for the higher prices.. We will see soon though. As next week is very important..
  • #631,466
  • Oct 16, 2021 12:39am Oct 16, 2021 12:39am
Quoting Pat Chiko
{quote} Hi bilal Thanks for the comments and observation PAT
Hi Pat

Technical was failed against fundamentals,

Do you follow fundamentals, any idea why GU follows GJ when EU AU keeps ranging and didn't follow EJ,, Aj while gold going down.

Regards
Bilal
"Exchange of hands"
  • #631,467
  • Oct 16, 2021 12:49am Oct 16, 2021 12:49am
Quoting q_import
{quote} Until Next month comes we will stay bullish the cross positions are serving as an anchor for the higher prices.. We will see soon though. As next week is very important..

previous data is a reflection of tomorrow


We need to first have a clue in October
MY OPINION NOT FINANCIAL ADVISE
  • #631,468
  • Oct 16, 2021 12:59am Oct 16, 2021 12:59am
Quoting q_import
{quote} I have no idea what is going to happen I just follow the charts I dont have a bias its bullish.. The only clue I have is india , try and jpy prices are pegged now by treaty. So we have to return to the levels withing 1-2 months then the dollar can begin to devalue again.. for the rest of the year..for try and jpy.. GBP and other will follow only because of the baskets.. but we will see.. as time passes an trade accordingly like always.. George is on point so is Coreg..


All the trades you've been taking a based on previous Data , without previous data of wave 1 there cannot be any other wave....

every trader have bias and its the direction you pick when you enter a trade

if you dont prepare for exam today you cant write exam tomorrow
cheers
MY OPINION NOT FINANCIAL ADVISE
  • #631,469
  • Oct 16, 2021 1:10am Oct 16, 2021 1:10am
Quoting q_import
{quote} Until Next month comes we will stay bullish the cross positions are serving as an anchor for the higher prices.. We will see soon though. As next week is very important..



thats a bias.. ur opinion to buy or sell is a bias

what your chart says is ur opinion of how you read your chart...your opinion is your bias
not trader chart sees same ...



cheers
have a peaceful weekend
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MY OPINION NOT FINANCIAL ADVISE
  • #631,470
  • Oct 16, 2021 2:17am Oct 16, 2021 2:17am
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yes yes yes
  • #631,471
  • Edited 10:48am Oct 16, 2021 2:18am | Edited 10:48am
Quoting Georginson
{quote} Hi Jolita, these anticipated lows of 1.3310 - 1.3250 (late October - early November) then 1.3000 - 1.2800 (late November - December) can only be delayed but cannot be denied. As Donfriday previously stated and now Coreg2004, 1.3800 - 1.3823 looks like area that is being looked for now to smack this pair down real hard. You may check July 20 Low of 1.3571 to July 30 High of 1.3983 which had 412 pips upward correction before another smack down 1.3411. I can clearly see another smack down to 1.3250 area in days ahead. The bulls...
Hi mate, thanks again for this info.

3830 is 50% of the 4249-3411 (current yrly hi-current yrly lo) Maybe it is that the bulls are aiming for? Who knows.

Re 3800-23 as a possible reversal area I am not seeing anything obvious there re potential resistance factors at the moment. (This doesn't mean to say it won't happen lol!) 3804-3812 is a prev 4hr sw hi zone = prev res = pot res which is nearest potential res factor I see in that vicinity, other than what the subsequent dly/wkly or mthly pivots might be if/when it is reached.

The 6mth amr is 417pips. So far in October as of Friday's close we are 310 pips up from the current mthly lo (3433) so using the logic you employ re our discussion y/day re the average yrly range, price should find it 'easier' to reach this amr with a further move to the upside, given where it is now. This would take us to 3850. 3841 is the 127.2% extension of 3751-3411.

@ y/day's 3774 hi I had regular bearish div on sub 1hr t/f's and o/b on 1hr.

Anything can happen.

30min below (by way of eg re above discussion.)
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Trader with an Edge.
  • #631,472
  • Oct 16, 2021 2:20am Oct 16, 2021 2:20am
Quoting Nordling00
{quote} 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?
economics from 1980 to 2008
you really think I should enter a challenge with someone who refuses to outline his position properly claiming it would affect a zero sum game your that good
Im the one posting a chart with pretty strong views
and a raft of my own opinion potential fundamental outlooks revolving around what's actually happening at the time within a few months horizon

Your the no chart one liner who can always be right ,this place is full of ,your bearish today thats great
could be right even based on the monthly I just posted ,
but you and others ignore you been wrong all this week, harping on about that time you were lucky right .

You're always be lucky right if you never explained yourself fully day 1
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #631,473
  • Oct 16, 2021 3:04am Oct 16, 2021 3:04am
Quoting DailyChart
{quote} Health getting worse since got covid
Hope you get better soon mate.
Insane in the Brain..
  • #631,474
  • Oct 16, 2021 3:43am Oct 16, 2021 3:43am
Quoting Bones
{quote} economics from 1980 to 2008 you really think I should enter a challenge with someone who refuses to outline his position properly claiming it would affect a zero sum game your that good Im the one posting a chart with pretty strong views and a raft of my own opinion potential fundamental outlooks revolving around what's actually happening at the time within a few months horizon Your the no chart one liner who can always be right ,this place is full of ,your bearish today thats great could be right even based on the monthly I just posted...
I was wrong this week? I am no day trader pal. 100 pips move is nothing. That's what you don't get. I don't trade these news for a week. I keep my positions open for at least a month. I am a position trader. A 100 pip move does not mean i was wrong, that just means my timing could be and should have been better.

Bones i am sorry but your charts mean nothing. Do you want me to post fundamental charts? Can't you see inflation, gdp rates on your own?

Well still, if you want me to post a chart, there it is:

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I am not lucky by the way, i never was. I make my own luck.
You have to have an IQ higher than 90 to interact with this user.
  • #631,475
  • Edited 5:12am Oct 16, 2021 3:52am | Edited 5:12am
Quoting Bones
{quote} economics from 1980 to 2008 you really think I should enter a challenge with someone who refuses to outline his position properly claiming it would affect a zero sum game your that good Im the one posting a chart with pretty strong views and a raft of my own opinion potential fundamental outlooks revolving around what's actually happening at the time within a few months horizon Your the no chart one liner who can always be right ,this place is full of ,your bearish today thats great could be right even based on the monthly I just posted...
Oh and Bones, don't forget the fact that i shared lots of charts here showing my entries. You have seen a lot of trades from me. But i never saw a single one from you. You post asset purchasing charts, and the other things that we can easily find all over the internet. But we never saw a chart from you which shows your entries.

Your trades are a mystery. If you are talking about posting charts and stuff, why don't you do what you preach and show us your entries? Give us something material instead of ideas.
You have to have an IQ higher than 90 to interact with this user.
  • #631,476
  • Oct 16, 2021 3:58am Oct 16, 2021 3:58am
Quoting Headland
{quote} Hi mate, thanks again for this info. 3830 is 50% of the 4249-3411 (current yrly hi-current yrly lo) Maybe it is that the bulls are aiming for? Who knows. Re 3800-23 as a possible reversal area I am not seeing anything obvious there re potential resistance factors at the moment. (This doesn't mean to say it won't happen lol!) 3804-3812 is a prev 4hr sw hi zone = prev res = pot res which is nearest potential res factor I see in that vicinity, other than what the subsequent dly/wkly or mthly pivots might be if/when it is reached. The 6mth amr...
Awesome observation. Very well put.
Data + Stat + Risk/Emotions Management
  • #631,477
  • Oct 16, 2021 4:04am Oct 16, 2021 4:04am
there is a thread here on the pages of ff.
address, real trading here you can feel free to put your live trades on anyone.
  • #631,478
  • Edited 5:31am Oct 16, 2021 5:05am | Edited 5:31am
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #631,479
  • Oct 16, 2021 5:14am Oct 16, 2021 5:14am
Quoting NotAtrader
{quote} Due to participate in a virtual panel discussion titled "Global Economy: managing uncertainty" at the G30 International Banking Seminar This speech is not about the U.K. economy nor it is about rate hikes or anything similar. Just an ordinary seminar speech regarding the global economy and it will have zero impact on the GBP.

Thank you. Good to know.
  • #631,480
  • Oct 16, 2021 5:27am Oct 16, 2021 5:27am
Quoting bilal1947
{quote} Hi Pat Technical was failed against fundamentals, Do you follow fundamentals, any idea why GU follows GJ when EU AU keeps ranging and didn't follow EJ,, Aj while gold going down. Regards Bilal
Hi Bilal. I seriuosly not sure what youre trying to say here

Technical was failed against fundamentals,
What is actually you're putting here.?

Do you follow fundamentals,
NO
Ive no slightest idea what is fundamental is all abouT
I only trade using Support & Rasistance to trade Forex


why GU follows GJ when EU AU keeps ranging and didn't follow EJ,, Aj while gold going down

When I trade GU. I analyse GU. If we start to watch other pairs to analyse GU, then we are in the wrong business. Never bring a knife to a gun fight. You will lose in no time.

Forget about other pairs. Just focus on GU. In one year if do it consistanly, you will make more money than Elom Musk, wirh just 30 pips a day compounded.

My sincere view

Good luck and all the best

PAT
I come from the future.
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