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Cable Update (GBPUSD)

  • #648,201
  • Jan 12, 2022 10:29pm Jan 12, 2022 10:29pm
Gbpusd and Eurusd still moving up. Sorry Duve I went to sleep, so the economy in South Africa is struggling, high inflation and 40 percent official unemployment. However unemployment close to 40-60 percent in reality. The middle class is shrinking and covid is quickening the process. In all economies generally only 5 percent of people have enough to retire and not worry about money.
  • #648,202
  • Jan 12, 2022 10:35pm Jan 12, 2022 10:35pm
Quoting iqyu5an
{image}
just waiting a bit for confirmation
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not euphoria follower
  • #648,203
  • Jan 12, 2022 11:11pm Jan 12, 2022 11:11pm
Quoting PatienceFx
now that cable has learnt how to poke its nose i doubt if any sell stops can survive {image}
cable8 blasted all shorts
  • #648,204
  • Jan 12, 2022 11:38pm Jan 12, 2022 11:38pm
How do you determine confirmation from your crab chart?
  • #648,205
  • Jan 12, 2022 11:44pm Jan 12, 2022 11:44pm
Attached Image (click to enlarge)
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yes yes yes
  • #648,206
  • Jan 12, 2022 11:47pm Jan 12, 2022 11:47pm
Quoting Houtbay
How do you determine confirmation from your crab chart?
based on candle stick, fib price ratio, fib time ratio and rsi/stoch/MA etc
not euphoria follower
  • #648,207
  • Jan 12, 2022 11:47pm Jan 12, 2022 11:47pm
The problem to too many lines this creates too many choices which creates doubt.
  • #648,208
  • Jan 12, 2022 11:51pm Jan 12, 2022 11:51pm
Quoting Houtbay
The problem to too many lines this creates too many choices which creates doubt.
just a road map ...it's yours to choose
not euphoria follower
  • #648,209
  • Jan 13, 2022 12:25am Jan 13, 2022 12:25am
Gbpjpy I am long
  • #648,210
  • Jan 13, 2022 12:32am Jan 13, 2022 12:32am
I hope this could be important to down cable
https://www.forexfactory.com/news/11...rge-pm-to-quit
  • #648,211
  • Jan 13, 2022 1:16am Jan 13, 2022 1:16am
Quoting Jolita
{quote} Is this serious or a joke?
i wish it was a joke, i am missing his paw
  • #648,212
  • Jan 13, 2022 1:21am Jan 13, 2022 1:21am
my indicator below helps me decide when price has crossed 200 sma

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB

so i am only left with one thing to do

trade it

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 30 KB
  • #648,213
  • Jan 13, 2022 1:26am Jan 13, 2022 1:26am
Quoting Zircon
{quote} Tomorrow is small black candle , caution do not add ,...
13855
POSTMASTER
  • #648,214
  • Jan 13, 2022 1:33am Jan 13, 2022 1:33am
the easiest trade ever
Attached Image
  • #648,215
  • Jan 13, 2022 1:54am Jan 13, 2022 1:54am
1.38200 near there my patient will pay off
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #648,216
  • Jan 13, 2022 1:55am Jan 13, 2022 1:55am
Taking incremental shorts, TP ~ figure
  • #648,217
  • Jan 13, 2022 2:07am Jan 13, 2022 2:07am
Overbought on daily RSI . Probably remain so for at least a few days . It did last time , in February last year .
  • #648,218
  • Jan 13, 2022 2:11am Jan 13, 2022 2:11am
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
UPDATE: There is no need buying from 1.36 area anymore, as Price went up without retracement. Now a big fall is due anywhere from 1.3740 - 1.3790 to reach 1.3100 in weeks ahead. Price trades at 1.3737 as at time of typing. Only a close above 1.3780 will invalidate 1.29 in the first quarter of this year 2022.
Data + Stat + Risk/Emotions Management
  • #648,219
  • Jan 13, 2022 2:14am Jan 13, 2022 2:14am
Quoting Georginson
{quote} UPDATE: There is no need buying from 1.36 area anymore, as Price went up without retracement. Now a big fall is due anywhere from 1.3740 - 1.3790 to reach 1.3100 in weeks ahead. Price trades at 1.3737 as at time of typing. Only a close above 1.3780 will invalidate 1.29 in the first quarter of this year 2022.
Statistics professor! I salute you.
  • #648,220
  • Jan 13, 2022 2:16am Jan 13, 2022 2:16am
anyone still hold shorts from 1.32?
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