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Cable Update (GBPUSD)

  • #678,741
  • Aug 26, 2022 11:54am Aug 26, 2022 11:54am
Quoting pipfarm
I will go short on a break 1.17751 based on hourly. The current sideways move looks like a double correction within a strong downtrend, so i would expect a short continuation either with the news release today or Powell speech later.

Voila , double correction with the last higher low broken now lets see on Monday if this mofu trends down for the continutation
Follow The Markets Structure - Patience and Discipline
  • #678,742
  • Aug 26, 2022 11:55am Aug 26, 2022 11:55am
Grrrr mofo dropping … oh well roll on Monday
Insane in the Brain..
  • #678,743
  • Aug 26, 2022 11:56am Aug 26, 2022 11:56am
Quoting Swede
{quote} Just the title is offensive as though a huge conspiracy is in play by Bidin, Trump, Powel or someone else. A traders job is to understand what we see in front of us, our trading screen, not what the political element is doing. Look at gbp a few hours ago, it was so plain even a monkey could trade it, or do you think BoJo had his fingers in it? ( he still controls parliament you know lol) {image}
I don't why the hell do.people use the word conspiracy for anything that isn't going with their line of thinking..just say you have a different opinion and explain why, not label.it as conspiracy like that monkey on the picture.
  • #678,744
  • Aug 26, 2022 12:13pm Aug 26, 2022 12:13pm
End of story.

they won, my intraday theory failed.
  • #678,745
  • Aug 26, 2022 12:18pm Aug 26, 2022 12:18pm
Quoting Whale
End of story. they won, my intraday theory failed.
119 was just kissed before a drop.. gutted I should have taken the hit then and gone short… oh well roll on next week where if we don’t see a 11650 it should be move back up to 119
Insane in the Brain..
  • #678,746
  • Aug 26, 2022 12:38pm Aug 26, 2022 12:38pm
Quoting donfriday
{quote} SL 100pips?
A super silly week... Especially this Friday... I did drop my equities by 1% this week... Next week will give me better buying opportunity from 1.1670 area...
Data + Stat + Risk/Emotions Management
  • #678,747
  • Aug 26, 2022 12:39pm Aug 26, 2022 12:39pm
I think now downtrend is very likely to continue and we will witness a new LL being create somewhere at 1.16. 1.16 is just a number out of.the sky of course because we have got no Support level to reference on anymore, but downtrend is in play. Likely USD/JPY price will reach HH next week. ScalaFX prepare for USD/JPY! Let's not miss this.
  • #678,748
  • Aug 26, 2022 12:45pm Aug 26, 2022 12:45pm
Quoting Georginson
{quote} A super silly week... Especially this Friday... I did drop my equities by 1% this week... Next week will give me better buying opportunity from 1.1670 area...

bro same here

ii was 6% down from monday till this morning i was able to regain 5% back
MY OPINION NOT FINANCIAL ADVISE
  • #678,749
  • Aug 26, 2022 12:50pm Aug 26, 2022 12:50pm
One should not trade Friday. Especially NY session.
I cautioned this early in Asia.
If it is other day, there is a chance, the trade will reverse back.
Friday, one way traffic.
Every Friday.
The reason is major traders left for the day.
We, retailers stick onto PC and loose.
Intraday only.
  • #678,750
  • Aug 26, 2022 1:15pm Aug 26, 2022 1:15pm
Looking to hold short down to 1.17200
  • #678,751
  • Aug 26, 2022 1:20pm Aug 26, 2022 1:20pm
Gold long to 1742
  • #678,752
  • Aug 26, 2022 1:21pm Aug 26, 2022 1:21pm
If you had no charts.

And all you had was the figures of 10% inflation, Energy prices through the roof, debt, etc

Would you be bear or Bull?
Don't trade what you think. Just what you see!!!
  • #678,753
  • Aug 26, 2022 1:22pm Aug 26, 2022 1:22pm
Quoting Swede
{quote} No it isn’t that, I didn’t mean that. it is counter productive to entertain the thought that big brother is behind all the trouble, all the failures, all the reasons for failure. This is a public forum, and the impression left is very negative, focusing on the negative only. Sorry that offends you.
Not at all. No worries! Just wanted to share a view by a guy that clearly knows what he's talking about.
  • #678,754
  • Aug 26, 2022 1:23pm Aug 26, 2022 1:23pm
Gbpjpy short to 161.200
  • #678,755
  • Aug 26, 2022 1:24pm Aug 26, 2022 1:24pm
Quoting Theoak
If you had no charts. And all you had was the figures of 10% inflation, Energy prices through the roof, debt, etc Would you be bear or Bull?
Do you think we will fall below 17200
  • #678,756
  • Aug 26, 2022 1:26pm Aug 26, 2022 1:26pm
Quoting Theoak
If you had no charts. And all you had was the figures of 10% inflation, Energy prices through the roof, debt, etc Would you be bear or Bull?
In such a case, adopt Waveskie's coin toss method.
Always trade your own plan...I don't provide trading signals.
  • #678,757
  • Aug 26, 2022 1:30pm Aug 26, 2022 1:30pm
Audusd long to 0.69100
  • #678,758
  • Aug 26, 2022 1:36pm Aug 26, 2022 1:36pm
Usdchf short at 0.96683
  • #678,759
  • Aug 26, 2022 1:37pm Aug 26, 2022 1:37pm
No news on Monday and a holiday in GB. I feel Monday is going to be great for trading. Usually no news means range and nothing happens, but with London out of the picture, well should be great.
Next week's forecasts for USD aren't good at all.
Took some time for me to learn that higher inflation is actually "good", why, well well because then market expects more rate hikes. Until some time I was buffled how can an inflation above 10% be considered good, green on FF.
Have an excuse though, never traded at times like this.. some did back in 2008 but only a few are actually still here.
  • #678,760
  • Aug 26, 2022 1:39pm Aug 26, 2022 1:39pm
Quoting BeeTogether
Grrrr mofo dropping … oh well roll on Monday

Hey Sohail Lord of Bradford.

Go to sleep.
You've very busy schedule tomorrow.

Good luck.....

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