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Cable Update (GBPUSD)

  • #650,761
  • Feb 3, 2022 6:09am Feb 3, 2022 6:09am
Quoting helioss
{quote} You are totally wrong....SMARTMONEY are increasing LONG position & closing SHORT {image}
As i said 20/01, COT tells againg the right way......
  • #650,762
  • Feb 3, 2022 6:09am Feb 3, 2022 6:09am
Quoting Theoak
{quote} Well stuck a small one on Long 1.3611...Lets see what the fundamentals will do !!!!! Just gonna let it ride!!!
hey The
dude if you caught this its awesome !
I was waiting for some confirmation and then it exploded haha
in wondering about yourself, you forgot what you came here to be part of
  • #650,763
  • Feb 3, 2022 6:10am Feb 3, 2022 6:10am
Quoting Theoak
{quote} Well stuck a small one on Long 1.3611...Lets see what the fundamentals will do !!!!! Just gonna let it ride!!!
Better late than never, mate

Currently riding on this one too.
Trying my best.
  • #650,764
  • Feb 3, 2022 6:10am Feb 3, 2022 6:10am
Quoting Jolita
{quote} But the question is will we see 137, or the opposite action?
its a humungous candle
i hate it when this happens cause its really difficult to find any kind of entry after this.
in wondering about yourself, you forgot what you came here to be part of
  • #650,765
  • Feb 3, 2022 6:11am Feb 3, 2022 6:11am
Quoting Jolita
{quote} But the question is will we see 137, or the opposite action?
you can't change the weekly ,negative nfp number to come yet
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,766
  • Feb 3, 2022 6:13am Feb 3, 2022 6:13am
Quoting knkie
{quote} well the test has already passed because m15 broke downward. I appreciate your input...i think you use MA's but im just looking at price so there may be a difference in how we view the frames. But I do agree with you that H4 is still in a powerful uptrend mode. I also wanted to thank you because you often talk about how LFs make movements first that can transfer to HFs. Its something i used to keep an eye on, what i call "Running up the frames", but i had lost sight of that lately and your posts made me realise how important it is, so thanx...
To free Gazans of Hamas, use whatever it takes.
  • #650,767
  • Feb 3, 2022 6:13am Feb 3, 2022 6:13am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220203_141110.jpg Size: 509 KB
yes yes yes
  • #650,768
  • Feb 3, 2022 6:13am Feb 3, 2022 6:13am
Quoting knkie
{quote} its a humungous candle i hate it when this happens cause its really difficult to find any kind of entry after this.
sell it lol
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #650,769
  • Feb 3, 2022 6:13am Feb 3, 2022 6:13am
Sell recommended activated at 1.3623...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220203-131251.png Size: 103 KB
Data + Stat + Risk/Emotions Management
  • #650,770
  • Feb 3, 2022 6:15am Feb 3, 2022 6:15am
Quoting Mitiblotch
{quote} Edit: I just checked this image! Out with a few pips. I actually added to the short. But the reason I am exiting is the image below. It never works well for the herd whenever it is like this, except if all the bears were dealt with at yesterday's highs. I still don't want to take the risk: {image}

Wow, majority is selling! Not good at all. Highly overbought too. Will wait for Bailey speech.

Breaking news was BOE increased the rates to 0.50% as energy prices rose.

Really? They are covering them self, consumers paying the prices.

NY opening will bring more fireworks.
  • #650,771
  • Feb 3, 2022 6:16am Feb 3, 2022 6:16am
Quoting Theoak
Long in at 1.3551 target 1.3569
Caught this one on tech analysis. The other one pure fundamentals, just gonna let it ride!!!. Resistance level at 1.3630, but lets see what see will do!!!
Don't trade what you think. Just what you see!!!
  • #650,772
  • Feb 3, 2022 6:17am Feb 3, 2022 6:17am
downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: 121 DX-Weekly.png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,773
  • Feb 3, 2022 6:17am Feb 3, 2022 6:17am
Quoting mastersplint
{quote} sell it lol
haha
well pick a spot
thats so difficult with this type of candle.
I feel its just guessing.
And probability says it will continue upward now.
in wondering about yourself, you forgot what you came here to be part of
  • #650,774
  • Feb 3, 2022 6:18am Feb 3, 2022 6:18am
Quoting knkie
{quote} haha well pick a spot thats so difficult with this type of candle. I feel its just guessing. And probability says it will continue upward now.
tapped 1h liq pocket. fresh and untapped. also common for gbp to spike then drop.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #650,775
  • Feb 3, 2022 6:18am Feb 3, 2022 6:18am
add sell - 1.3620
Together we can be strongest
Vantage Return This Month: na
  • #650,776
  • Feb 3, 2022 6:18am Feb 3, 2022 6:18am
Getting out now. Closing my longs at 50+ pips.
Trying my best.
  • #650,777
  • Feb 3, 2022 6:21am Feb 3, 2022 6:21am
Quoting ForexGoose
Why GBP/USD will rally. https://www.bnnbloomberg.ca/the-boe-...hike-1.1709009 {quote} Next week, I expect range trading around the 1.34 level on GBP/USD until the rate hike. Then I expect GBP/USD to rally towards 1.38 at least. Trade setups: 1. Buy from 1.34 level, stop loss under 1.33 for weaklings and mere mortals. 2. Buy from 1.34 level, stop loss under 1.316 for pros to protect against fat fingers and crazy volatility. Have fun and good luck. {image}
i think that 1.38 will be reached very soon
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,778
  • Feb 3, 2022 6:22am Feb 3, 2022 6:22am
Quoting mastersplint
{quote} tapped 1h liq pocket. fresh and untapped. also common for gbp to spike then drop.
so what level did you short if i may ask?
in wondering about yourself, you forgot what you came here to be part of
  • #650,779
  • Feb 3, 2022 6:23am Feb 3, 2022 6:23am
Quoting Bones
{quote} you can't change the weekly ,negative nfp number to come yet

Strong full vote though; they had no chance to withhold or go against it.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-02-03 at 12.19.51.png Size: 25 KB

Inflation is sky rocketing, surprised wasn't doubled up.
I was reading if rate is not increased inflation could reach 12% by the end of the year.


FXStreet -
GBP/USD advanced beyond 1.3600 with the initial reaction to the Bank of England's decision to hike the policy rate by 25 basis points. The policy statement showed that four members of the MPC voted for a bigger increase in the policy rate, providing a boost to the British pound.
  • #650,780
  • Feb 3, 2022 6:23am Feb 3, 2022 6:23am
BOE hiked rates again. I will not be buying GBPUSD as both currencies are strong and looking to hike. GBPJPY, GBPAUD will be good to buy on any pull back down. Trade safe.
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