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Cable Update (GBPUSD)

  • #636,321
  • Nov 5, 2021 5:56am Nov 5, 2021 5:56am
Quoting Maximumheigh
{quote} Added to my LONG position @1.3546. currently on -80pips. TP 1.362x
If I cannot see a pullback to 1.348x today, I will take a little break from the market. Gracias!!!
  • #636,322
  • Nov 5, 2021 5:57am Nov 5, 2021 5:57am
Ciao Amigo
  • #636,323
  • Nov 5, 2021 5:57am Nov 5, 2021 5:57am
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}
Nice chart, after all the blah blah around. Nice opinion
  • #636,324
  • Nov 5, 2021 5:58am Nov 5, 2021 5:58am
Quoting clocktrade
{quote} 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.
Stop hunting is a conspiracy theory. the market goes where there's liquidity. If retail traders stopped using stop losses, they would still lose money.
  • #636,325
  • Nov 5, 2021 5:58am Nov 5, 2021 5:58am
Quoting gatenio
{quote} Nice chart, after all the blah blah around. Nice opinion
Post of the Cable Thread, I will include this in my book if you are OK. Even on the first page
  • #636,326
  • Nov 5, 2021 5:59am Nov 5, 2021 5:59am
I have lost my auction statement where is it?
  • #636,327
  • Nov 5, 2021 5:59am Nov 5, 2021 5:59am
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

1.33xx seems to be good support if 3400 breaks. I will start buying until 3300
  • #636,328
  • Nov 5, 2021 6:00am Nov 5, 2021 6:00am
Next week time to buy Cable, not today.
Be humble or be humbled.
  • #636,329
  • Nov 5, 2021 6:01am Nov 5, 2021 6:01am
Quoting nAVIN2007
{quote} 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
so we are on a similar! Yesterday I was closed nearly 300pips down on 9.5 a pip
Insane in the Brain..
  • #636,330
  • Nov 5, 2021 6:03am Nov 5, 2021 6:03am
Quoting Ihlas
Ok, I'm making auction for 300 pips target with precise entry. Starting with 5k.
Will close. IMHO buy myself this. Who will give more?
  • #636,331
  • Nov 5, 2021 6:03am Nov 5, 2021 6:03am
Quoting Temujin
Next week time to buy Cable, not today.
Yes, next week is likely to provide, less risky buys than today.
  • #636,332
  • Nov 5, 2021 6:04am Nov 5, 2021 6:04am
morning
  • #636,333
  • Nov 5, 2021 6:06am Nov 5, 2021 6:06am
some profit taking expected before us news... plus Friday ..profit taking could take place later in the day...bears would love to book some of their profit for the weekend ..will see
Trades technical moves enforced by fundamentals
  • #636,334
  • Nov 5, 2021 6:08am Nov 5, 2021 6:08am
Quoting BeeTogether
{quote} so we are on a similar! Yesterday I was closed nearly 300pips down on 9.5 a pip

sorry to hear this..while there is a chance u got give it every chance
It really depend on this tapper BS now with US..are they going to or not..will decide where this mofo goes
  • #636,335
  • Nov 5, 2021 6:10am Nov 5, 2021 6:10am
My speculation


Long term bullish

Mid term Bullish

Short term bearish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2021-11-05_11-10-11.png Size: 99 KB
MY OPINION NOT FINANCIAL ADVISE
  • #636,336
  • Nov 5, 2021 6:12am Nov 5, 2021 6:12am
Quoting nAVIN2007
{quote} 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
Do not despair... the bulls are coming.
  • #636,337
  • Nov 5, 2021 6:16am Nov 5, 2021 6:16am
Quoting nAVIN2007
{quote} sorry to hear this..while there is a chance u got give it every chance It really depend on this tapper BS now with US..are they going to or not..will decide where this mofo goes
Cheers bud one of things mate, currently trading at 4.4 a pip to get back to my 5k fund in about a month. Which would then allow me to withdraw enough monthly to top up salary etc. my plan yesterday was to short at 13730 but we didn’t see that level I think in anticipation that BoE would raise rates and we would then drop on dovish comments.

today I’m looking at b/e (13493) + 10-30
Insane in the Brain..
  • #636,338
  • Nov 5, 2021 6:19am Nov 5, 2021 6:19am
Quoting BeeTogether
{quote} so we are on a similar! Yesterday I was closed nearly 300pips down on 9.5 a pip


you have learn and moved on

failure teaches success.
MY OPINION NOT FINANCIAL ADVISE
  • #636,339
  • Nov 5, 2021 6:24am Nov 5, 2021 6:24am
the bull will come for the buyer and the bear will come for the seller...it will never be a straight line or 1 man eat alone...everyone will have there own share of this pips, its only by the Time..the market is a game of the patience
MY OPINION NOT FINANCIAL ADVISE
  • #636,340
  • Nov 5, 2021 6:25am Nov 5, 2021 6:25am
Quoting BeeTogether
{quote} Cheers bud one of things mate, currently trading at 4.4 a pip to get back to my 5k fund in about a month. Which would then allow me to withdraw enough monthly to top up salary etc. my plan yesterday was to short at 13730 but we didn’t see that level I think in anticipation that BoE would raise rates and we would then drop on dovish comments. today I’m looking at b/e (13493) + 10-30

Good luck to u..
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