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Cable Update (GBPUSD)

  • #680,441
  • Sep 2, 2022 9:44am Sep 2, 2022 9:44am
Quoting thatRichDude
{quote} As expected, Price about to hit my target. A wonderful NFP today. Lesson to learn: NFP is just a catalyst to shak out weak hands and move like it was intended to in the first place before the pricing of NFP catalystic event. Before NFP was priced in: {image} After tagging me in: {image} Now, almost hitting my target: {image} Should hit my target in less than an hour's time. 1.15865 my target On that note, HAPPY WEEKEND GUYS. Remember, the market is designed to take money from the impatient to the patient. Kind regards...
correct
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  • #680,442
  • Sep 2, 2022 9:45am Sep 2, 2022 9:45am
Quoting buffedmage
{quote} ofcourse its downtrend in long term ... did u saw my image ? also did u noticed i was saying the red line all day long ? {quote} ofcourse its downtrend in long term ... did u saw my image ? also did u noticed i was saying the red line all day long ? {quote} patience pays..you see?
Hi I am new here. How did u determine the bounced up? I am still trying to learn forex. Why is it a bear trap? Do u Mind enlightening me
  • #680,443
  • Sep 2, 2022 9:47am Sep 2, 2022 9:47am
Quoting Zeiferz
{quote} Hi I am new here. How did u determine the bounced up? I am still trying to learn forex. Why is it a bear trap? Do u Mind enlightening me
from my loosing experience ..i lost to traps in past then , learnt and been learning till date as i trade..honestly everyone has diffrent experience in trading...so one should always find his own way and learn from his experiments
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  • #680,444
  • Sep 2, 2022 9:51am Sep 2, 2022 9:51am
LONG and SHORT @ 1.1587 no tp no sl
  • #680,445
  • Sep 2, 2022 9:51am Sep 2, 2022 9:51am
Quoting thatRichDude
{quote} As expected, Price about to hit my target. A wonderful NFP today. Lesson to learn: NFP is just a catalyst to shak out weak hands and move like it was intended to in the first place before the pricing of NFP catalystic event. Before NFP was priced in: {image} After tagging me in: {image} Now, almost hitting my target: {image} Should hit my target in less than an hour's time. 1.15865 my target On that note, HAPPY WEEKEND GUYS. Remember, the market is designed to take money from the impatient to the patient. Kind regards...

TARGET SMASHED!

Kind regards
  • #680,446
  • Sep 2, 2022 9:51am Sep 2, 2022 9:51am
Quoting PatienceFx
{quote} {image}
you use gas to make electricity, so how do you uncouple them?
  • #680,447
  • Sep 2, 2022 9:52am Sep 2, 2022 9:52am
ALmost ...there....not giving up!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 22 KB
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  • #680,448
  • Sep 2, 2022 9:54am Sep 2, 2022 9:54am
i agree bear traps r nasty
Attached Image (click to enlarge)
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  • #680,449
  • Sep 2, 2022 9:55am Sep 2, 2022 9:55am
Quoting PatienceFx
i agree bear traps r nasty {image}

peace out
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  • #680,450
  • Sep 2, 2022 9:57am Sep 2, 2022 9:57am
Quoting Polimini
{quote} you use gas to make electricity, so how do you uncouple them?
converting one form of energy into another, always has losses

burn gas to heat water to crete steam to power turbines to make electricity

already 50% energy lost
  • #680,451
  • Sep 2, 2022 10:04am Sep 2, 2022 10:04am
Quoting Waveskierrob
LONG and SHORT @ 1.1587 no tp no sl
Closed SHORT 1.1577 +10 pips
  • #680,452
  • Sep 2, 2022 10:04am Sep 2, 2022 10:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 6DBDC33A-06A7-4803-8623-EB3C08E7E4FD.jpeg Size: 595 KB
bull candle over the ema on 4 hour will it carry on
  • #680,453
  • Sep 2, 2022 10:04am Sep 2, 2022 10:04am
Tempting to add more long, GU 1.158 is expensive now… who would believe
  • #680,454
  • Sep 2, 2022 10:09am Sep 2, 2022 10:09am
USD/JPY short from 140. I think we are done. SL 141 of course. I am not touching this pair anymore. That would be it for USD/JPY. Probably GBP/USD is also over, but I'll just risk it on one pair for now. Looking at the Daily candle on USD/JPY, this could very well be the end of the road for Dollar. Euro remained at parity and I think this is where he will remain. Even though there is a hard winter ahead and problems with gas, recession in America is very close also and that will play the biggest part when confidence in Fed drops and USD with it. Price on GBP/USD touched 1.15.. Very soon we have rate hikes from both ECB and BoE so this is also going to play the part in boosting Pound and Euro against Dollar. I think we are actually at the end here. Probably on Monday I'll add both Euro and Pound vs USD long term, go long of course. See you folks and once the uptrend is confirmed I suggest you to starting adding those long term buy orders, I definitely will. I guess this is it, from this point on I don't think I will be commenting anymore, so may your pockets be full of pips! The cycle is done.
  • #680,455
  • Sep 2, 2022 10:12am Sep 2, 2022 10:12am
Quoting Waveskierrob
LONG and SHORT @ 1.1587 no tp no sl
Added LONG 1.1577 no tp no sl
  • #680,456
  • Sep 2, 2022 10:16am Sep 2, 2022 10:16am
all out , gu still straggling
eu with 79 pips adr
aussie with 73
gu with only 61
so miserable
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 28 KB
yes yes yes
  • #680,457
  • Sep 2, 2022 10:17am Sep 2, 2022 10:17am
Quoting Moty
all out , gu still straggling eu with 79 pips adr aussie with 73 gu with only 61 so miserable {image}

yep gu been on hunting retail bears..others been good
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  • #680,458
  • Sep 2, 2022 10:19am Sep 2, 2022 10:19am
Quoting Whale
Tempting to add more long, GU 1.158 is expensive now… who would believe
lol, yes, it is. I was tempting to enter earlier for tp 1.16, but was destructed, ech..1.1620 could be achievable for today.

I will wait for London closure on Monday. Tuesday new PM announcement.
With Sunak GU should rise a few hundreds, not as damaging apparently.
  • #680,459
  • Sep 2, 2022 10:20am Sep 2, 2022 10:20am
almost near ...time to CASH out
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 22 KB
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  • #680,460
  • Sep 2, 2022 10:22am Sep 2, 2022 10:22am
Quoting Waveskierrob
{quote} Added LONG 1.1577 no tp no sl
Closed 1.1587 +10 pipis
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