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Cable Update (GBPUSD)

  • #636,301
  • Nov 5, 2021 5:26am Nov 5, 2021 5:26am
Quoting PElago
Buys loaded. {image}
o_0. You gonna blow. Sooner or later.
Markets will move to the right.
  • #636,302
  • Nov 5, 2021 5:27am Nov 5, 2021 5:27am
Still can not believe what a joke was BOE press conference, compared with a second boyfriend.
Traders lost a lot of money cause of their fake promises.

I am bying dips today, I can smell something is cooking (it's Friday). Who will trough a surprise?
  • #636,303
  • Nov 5, 2021 5:28am Nov 5, 2021 5:28am
Quoting Jolita
Still can not believe what a joke was BOE press conference, compared with a second boyfriend. Traders lost a lot of money cause of their fake promises. I am bying dips today, I can smell something is cooking (it's Friday). Who will trough a surprise?

the forecast number for Non farm this is quite big..
that's my only hope
  • #636,304
  • Nov 5, 2021 5:29am Nov 5, 2021 5:29am
Quoting nAVIN2007
{quote} I need to stop trying to trying to outsmart the market and f*cking just go with the flow..I was so stupid to do what I did ooo well..weakness I have here ...lol
dont ever called move you made stupid or weak..
becoz u have your own reason when u did,, .. the outcome reds or greens we never know..
Trade with prediction = witch with her visions lol
  • #636,305
  • Nov 5, 2021 5:31am Nov 5, 2021 5:31am
Quoting FraterRedox
{quote} o_0. You gonna blow. Sooner or later.
it's not "blowing" , it's a loss. That is factored in.
  • #636,306
  • Nov 5, 2021 5:32am Nov 5, 2021 5:32am
Quoting dimitricss
{quote} dont ever called move you made stupid or weak.. becoz u have your own reason when u did,, .. the outcome reds or greens we never know..

I went against my rules..I was in the trade profitable..I just thought it would test 1.36 and it dumped lower..I was greedy (I seem to do this quite a bit)
Im better off at work..this way I cannot touch the keyboard..lol
  • #636,307
  • Nov 5, 2021 5:32am Nov 5, 2021 5:32am
Inserted Video
  • #636,308
  • Nov 5, 2021 5:33am Nov 5, 2021 5:33am
USD index is getting tight.
And it can make agressive break of resistance.
I can see people loading longs on GU "because it is down so much and has to retrace/turn" - it doesnt have to do anything.

Attached Image (click to enlarge)
Click to Enlarge Name: DXY_2021-11-05_12-26-24.png Size: 165 KB
Markets will move to the right.
  • #636,309
  • Nov 5, 2021 5:33am Nov 5, 2021 5:33am
Quoting Mitiblotch
For today only. I have buy limit at 3420. I will put them till 3400. Just a tiny account.
While I am waiting for 3420, I have manually taken a buy of 0.01 lot at 3427. Lol... I have other batches of 0.01 waiting till 3400.
  • #636,310
  • Nov 5, 2021 5:36am Nov 5, 2021 5:36am
Quoting FraterRedox
USD index is getting tight. And it can make agressive break of resistance. I can see people loading longs on GU "because it is down so much and has to retrace/turn" - it doesnt have to do anything. {image}
It's going to break resistance and then drop.
  • #636,311
  • Nov 5, 2021 5:39am Nov 5, 2021 5:39am
i am long. 3423 stop
Intraday only.
  • #636,312
  • Nov 5, 2021 5:39am Nov 5, 2021 5:39am
Quoting FraterRedox
USD index is getting tight. And it can make agressive break of resistance. I can see people loading longs on GU "because it is down so much and has to retrace/turn" - it doesnt have to do anything. {image}

Daily R1 94.55, Previous resistance 94.63
Over 94.60, heaven opens to 98.

if this scenario happens, GBP will sink.
  • #636,313
  • Nov 5, 2021 5:40am Nov 5, 2021 5:40am
Quoting Dr.Zain
{quote} If Sterling doest drop below 3411 imho
Yes, if it drops and closes below it then trouble. But it might do a hot stove move: quickly below it and then up fast. But let me say this: I doubt GU can close below 3411 today. It is almost impossible no matter what NFP says. That's yearly support and is just the second time price is coming to it. The fall was too fast and too quick and in such cases there is usually a good retracement. The problem occurs when it is a slow burn fall. In such cases it slips through every support as quick sand, but in this case it is fast and furious. It should rise.

Please nobody should take this as a trading advise. Please do NOT do it! Been a while I saw your posts, Dr. Zain.
  • #636,314
  • Nov 5, 2021 5:40am Nov 5, 2021 5:40am
As far I see the traders sentiment on buying (more and more), which is a big reason the market will go more downside. If sell pressure is enough we can see a pullback but not a retrace. (NFP result only can make a retrace)
Try the simple and make it for you ~
  • #636,315
  • Nov 5, 2021 5:43am Nov 5, 2021 5:43am
Quoting nAVIN2007
{quote} the forecast number for Non farm this is quite big.. that's my only hope
yeah it’s double the figure of last months total.
Insane in the Brain..
  • #636,316
  • Nov 5, 2021 5:44am Nov 5, 2021 5:44am
Quoting clocktrade
As far I see the traders sentiment on buying (more and more), which is a big reason the market will go more downside. If sell pressure is enough we can see a pullback but not a retrace. (NFP result only can make a retrace)
Retail lose most of the time, it won't be wise to go with them. I agree.

The only sentiment indicator i trust is COT reports but problem with it is, sometimes it doesn't contain the important news events. For example COT reports will be out today but it will show the positioning from the last Tuesday. Which means the latest FOMC and BoE events are not included in this week's COT report.
You have to have an IQ higher than 90 to interact with this user.
  • #636,317
  • Nov 5, 2021 5:45am Nov 5, 2021 5:45am
Quoting mysterio
With daily equal lows approaching it seems unlikely 1.34 wont be tested before any move up now. Maybe a run down on NFP before reversing edit- sorry i meant will be tested

1.34 we we see b4 news..I'm done
the market is here testing the lows of the previous monthly low..Good USD data pound is going to fall hard
I could blow my account..I'm in £2 a point on 3k account..not good

£180 DD

and the sad thing is - we already moved 80 pips from low of yesterday..this is terrible for longs
  • #636,318
  • Nov 5, 2021 5:45am Nov 5, 2021 5:45am
Inserted Video
  • #636,319
  • Nov 5, 2021 5:48am Nov 5, 2021 5:48am
Quoting clocktrade
As far I see the traders sentiment on buying (more and more), which is a big reason the market will go more downside. If sell pressure is enough we can see a pullback but not a retrace. (NFP result only can make a retrace)
Retail does not affect price
  • #636,320
  • Nov 5, 2021 5:52am Nov 5, 2021 5:52am
Quoting PElago
{quote} Retail does not affect price
I strongly disagree mate. Retail traders loses 95% time with their limited money, why? Because interbank-s love to blank those accounts and they make a big profit out of it. This is why there is SL hunting and negative trend establishes.
Try the simple and make it for you ~
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