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Cable Update (GBPUSD)

  • #680,821
  • Sep 4, 2022 4:35pm Sep 4, 2022 4:35pm
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yes yes yes
  • #680,822
  • Sep 4, 2022 4:41pm Sep 4, 2022 4:41pm
Quoting Whale
Someone going to post about GU soon? maybe i will start. IMO, Friday new low is very good for short-term bulls. first price may take some buyside liquidity just above Friday high (London&NY high) and even could scratch 1.16283 ( above month open) and yes, i may be wrong {image}
Despite several posters seeing bullish sentiment for Monday, not even M1 has gone into an uptrend yet. Although some people see price is at some support level, or some indicator shows oversold, or price reached some area of confluence of this, that, and another thing, and that Monday is a bank holiday in US and Canada, all mean very little because price can simply continue going down DESPITE EVERYTHING that seems to indicate otherwise. So until I actually have a CONFIRMATION that at least M5 TF is in an up trend, I have no intentions of doing any buying.

(And for the folks that never look at TFs below H1 because they are "just random noise and useless", remember that financial time series are fractal-like in nature, so if you see "something" on one TF, it will be found on every TF. Have a look here at a study discussing financial time series comprising a combination of deterministic and random elements.)
To free Gazans of Hamas, use whatever it takes.
  • #680,823
  • Sep 4, 2022 4:49pm Sep 4, 2022 4:49pm
770 pips profit on a single position? Why did god made me so great? Who made Nordling's rating 99??

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You have to have an IQ higher than 90 to interact with this user.
  • #680,824
  • Sep 4, 2022 5:01pm Sep 4, 2022 5:01pm
Quoting buffedmage
on the track my broker opened at 1.1476...lets see {image}
My broker's Sunday open was 1.14701 and heading down.
To free Gazans of Hamas, use whatever it takes.
  • #680,825
  • Sep 4, 2022 5:07pm Sep 4, 2022 5:07pm
Quoting Nordling
770 pips profit on a single position? Why did god made me so great? Who made Nordling's rating 99?? {image} {image}
good for you, hopefully you’ll continue to get lucky and make some serious gains
How to succeed in zero sum game?
  • #680,826
  • Sep 4, 2022 5:16pm Sep 4, 2022 5:16pm
At the moment M5 EURGBP is in an up swing, showing that GBP is weaker than EUR. And that makes the GBPUSD down swing a preferred pair for selling (at the moment).
To free Gazans of Hamas, use whatever it takes.
  • #680,827
  • Sep 4, 2022 5:23pm Sep 4, 2022 5:23pm
Quoting dempire1
{quote} good for you, hopefully you’ll continue to get lucky and make some serious gains
Thanks mate but it's not about luck, i make my own luck
You have to have an IQ higher than 90 to interact with this user.
  • #680,828
  • Sep 4, 2022 5:36pm Sep 4, 2022 5:36pm
Quoting DrDave
{quote} Despite several posters seeing bullish sentiment for Monday, not even M1 has gone into an uptrend yet. Although some people see price is at some support level, or some indicator shows oversold, or price reached some area of confluence of this, that, and another thing, and that Monday is a bank holiday in US and Canada, all mean very little because price can simply continue going down DESPITE EVERYTHING that seems to indicate otherwise. So until I actually have a CONFIRMATION that at least M5 TF is in an up trend, I have no intentions of...
You right.

long R:R 1:3.5
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  • #680,829
  • Sep 4, 2022 5:48pm Sep 4, 2022 5:48pm
Quoting DrDave
{quote} My broker's Sunday open was 1.14701 and heading down.
yes. it will fall till 1.1445 area ..from there we may see bulls..and they will last till 1.1636
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  • #680,830
  • Sep 4, 2022 5:53pm Sep 4, 2022 5:53pm
in the end it gives the pattern like this ... and will fall again from 1.1636
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  • #680,831
  • Sep 4, 2022 7:52pm Sep 4, 2022 7:52pm
Quoting Georginson
{quote} Okay brother, well noted. {quote} Yes Navk. I do go with 15 pips 1 lot. I will look out for Tokyo session, price seem to be calmer then.
Do you remember this profit number George ?

It is just fun to sell this over sold in Today's Asia.

I will be off now, but may find time later on when London opens.
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Intraday only.
  • #680,832
  • Sep 4, 2022 9:37pm Sep 4, 2022 9:37pm
Test test Long 1460
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #680,833
  • Sep 4, 2022 10:14pm Sep 4, 2022 10:14pm
Gap down and extension continued so fast and so the pullback mentioned last night likely play. targetting limit 1499, to 1518 and 1529 plus target to see gap fill and good correction before next leg down or so if. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #680,834
  • Sep 4, 2022 10:30pm Sep 4, 2022 10:30pm
Quoting ForexGoose
if cable gaps down under 1.146, the next support target could be 1.127 {image}
1.127 it's really interesting. In my weekly chart analysis, I had 1.120-1.10, but I really didn't think we would reach it, but now it is not far from the expectationThe door of a well has been opened and it is not clear where the end of this well is
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There is nothing wrong with being kind & loving to each other
  • #680,835
  • Sep 4, 2022 11:09pm Sep 4, 2022 11:09pm
Quoting RaHaG0D
{quote} 1.127 it's really interesting. In my weekly chart analysis, I had 1.120-1.10, but I really didn't think we would reach it, but now it is not far from the expectationThe door of a well has been opened and it is not clear where the end of this well is {image}
Anything possible and probably matruning very fast for some disaster relating to Ukraine war and power plant. Wish not and never.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #680,836
  • Sep 4, 2022 11:28pm Sep 4, 2022 11:28pm
Quoting fontu
{quote} Anything possible and probably matruning very fast for some disaster relating to Ukraine war and power plant. Wish not and never.
War... War affects the economy of all countries(more or less) Even America is not an exception. Which country has not changed its economy in the last one year because of the war? All countries are connected like a chain and influence each other. Finally we have a world. But we only see the decrease in Euro and Pound. It is a one-way road. Which reminds me of other factors other than war: Manipulation of price by market maker
There is nothing wrong with being kind & loving to each other
  • #680,837
  • Sep 4, 2022 11:42pm Sep 4, 2022 11:42pm
Quoting navk
{quote} Do you remember this profit number George ? It is just fun to sell this over sold in Today's Asia. I will be off now, but may find time later on when London opens. {image}
Wow... This is interesting Navk. I actually just bought with .5 lot at 1.1479 with target of 1.1500. to be through with the test. You have great courage to have sold at 1.14 area. Super fearless trader you are.
Data + Stat + Risk/Emotions Management
  • #680,838
  • Sep 5, 2022 12:12am Sep 5, 2022 12:12am
almostthere 1.1445..time to buy
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  • #680,839
  • Sep 5, 2022 12:16am Sep 5, 2022 12:16am
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  • #680,840
  • Sep 5, 2022 12:26am Sep 5, 2022 12:26am
Hello everyone, we are in a brand new week

I see that USDX has broken into 110 today so I will be waiting for a GU sell setup. Maybe EU as well. I hope the the market isn't going to be silly while it waits for new PM of UK, but if it does, I will wait and keep waiting until I see something nice to catch
I am neither brave nor stupid...I am just a part time trader
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