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Cable Update (GBPUSD)

  • #636,541
  • Nov 5, 2021 12:09pm Nov 5, 2021 12:09pm
Closed most longs manually, profits are profits.
Leaving one running for couple of hours.
  • #636,542
  • Nov 5, 2021 12:12pm Nov 5, 2021 12:12pm
Quoting W0lfram
{quote} Waveski doesn't get margin call, margin call gets Waveski!
  • #636,543
  • Nov 5, 2021 12:13pm Nov 5, 2021 12:13pm
FX Lession Y:

What is the direction of price?
Major always gets the opposite direction. When everyone trying to sell, the market will sent to the top till the hunt > so they can take them all. This is no manipulation, it is common sense. Interbankers are smarter than any of us. But wise knows this can't hold for long enough for them who is skilled.
Try the simple and make it for you ~
  • #636,544
  • Nov 5, 2021 12:15pm Nov 5, 2021 12:15pm
4hr close needs to stay above 1.35 to save my ass
  • #636,545
  • Nov 5, 2021 12:29pm Nov 5, 2021 12:29pm
Quoting Waveskierrob
SHORT 1.3505 no tp no sl
closed SHORT 1.3490 +15
  • #636,546
  • Nov 5, 2021 12:31pm Nov 5, 2021 12:31pm
Quoting LvMMT
{quote} {image} Lovely and wonderful weekend! God bless everyone!
Attached Image (click to enlarge)
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #636,547
  • Nov 5, 2021 12:36pm Nov 5, 2021 12:36pm
Quoting LvMMT
{quote} Good to see you here I hope your father in law is fine. God bless yo pamc and Good bles everyone!
Wow how wonderful you remembered. Yes thanks his heart op went brill and looks 10 years younger and sharper. Keep well and have a good weekend
  • #636,548
  • Nov 5, 2021 12:39pm Nov 5, 2021 12:39pm
Quoting nAVIN2007
4hr close needs to stay above 1.35 to save my ass
I think your get the daily ,so that number on chart is ok
its a $ daily more about location, chart condition =range
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #636,549
  • Nov 5, 2021 12:48pm Nov 5, 2021 12:48pm
just be aware that theres a hell of alot of long traders trapped within the range that gives the average buy price of open positions above current price. Dont expect them to be let off the hook/ As this drops more will close out
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  • #636,550
  • Nov 5, 2021 12:48pm Nov 5, 2021 12:48pm
GU is still in a bearish mode on HTF, i still see 1.3330 before any major retracement.
  • #636,551
  • Nov 5, 2021 12:51pm Nov 5, 2021 12:51pm
Quoting Pat Chiko
{quote} GU That's the end of the week. Time to take a break. Common have a drink {image}
very solid posting imo pat knows his/hers onions I'm having a drink
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #636,552
  • Nov 5, 2021 12:55pm Nov 5, 2021 12:55pm
Quoting Georginson
{quote} With all due respect, there is almost nothing to buy here, it's more or less catching a falling knife. A little bounce here and there, then zoom here comes another sharp drop. Keep an eye on 1.3150 by or before year end as far as price doesn't close above 1.3830 between today and Monday.
I am bullish on GU for years to come. Buying dips is the best option for me, as yearly chart is strongly bullish. So it can drop wherever it wants, I will keep buying dips and cashing them out with every spike.

I expect next week to be bullish, so should be easy money. Might be wrong, of course.
Everyone can see the chart, but only a few can actually read it.
  • #636,553
  • Nov 5, 2021 1:00pm Nov 5, 2021 1:00pm
Quoting Bones
{quote} I think your get the daily ,so that number on chart is ok its a $ daily more about location, chart condition =range {image}
Bones what is the fundamental saying this week?


so much red news i dont know a thing about

todays nfp was good fror dollar why rising?
MY OPINION NOT FINANCIAL ADVISE
  • #636,554
  • Nov 5, 2021 1:05pm Nov 5, 2021 1:05pm
Quoting Wavegarrick
{quote} All is good Folks, I will start taking some profit off the table. Probably a weakness of mine, getting married to my trades. My monthly support1 at 1.34662. I could look to add trades on retraces towards 1.3550. Take care, Cheers. {image}
Hi Guys,
Here is my thinking, A weekly close below 1.35000 will mean much to bears. I can see a retrace to my future weekly pivot (Light salmon) at 1.35372 ish or mid-round number at 1.3550 for an overshoot to look for more sell entries.
Have a great weekend Folks.
Cheers.
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Trade to trade another day
  • #636,555
  • Nov 5, 2021 1:05pm Nov 5, 2021 1:05pm
History shows when gu crossed heavy H4 channel,it statrts big trend till opposite band .Channel can change more upside,but till opposite direction,is sure.
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  • #636,556
  • Nov 5, 2021 1:06pm Nov 5, 2021 1:06pm
i know this is a GBPUSD thread but thot id post EU just in case anyone wants some easy pips next week, hope it helps some

ps, does anyone know how to start a new thread on different currency trades, have a great weekend all ,, am off to gym
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  • #636,557
  • Nov 5, 2021 1:06pm Nov 5, 2021 1:06pm
Quoting donfriday
{quote} Bones what is the fundamental saying this week? so much red news i dont know a thing about todays nfp was good fror dollar why rising?
Everything was priced in before news
  • #636,558
  • Edited 1:29pm Nov 5, 2021 1:12pm | Edited 1:29pm
Quoting donfriday
{quote} Bones what is the fundamental saying this week? so much red news i dont know a thing about todays nfp was good fror dollar why rising?
Well we got the unreliable BOE boyfriend ,anyway he will have to act next month for sure ,to me the market thinks he should have acted as well as the bad messaging
NFP should be printing about 700k+ a month for the last few because of that much stimulus while they talk of taper ,to normalise jobs
Theres room with over 4 million gap to as before ,but people are dropping out the jobs market,That gap can't be filled near term imo so jobs will get worse.
So FED in between a rock and hard place ,I guess like all these CB nutters
But no-one does it like the FED ,worst offender by far
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #636,559
  • Nov 5, 2021 1:15pm Nov 5, 2021 1:15pm
Quoting LvMMT
{quote} {image} God bless everyone!
Attached Image (click to enlarge)
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #636,560
  • Nov 5, 2021 1:19pm Nov 5, 2021 1:19pm
thats a major pivot ,if it fails off bat I'm very 'George' bearish below its open
I think it will hold for moment especially the timing early in month
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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