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Cable Update (GBPUSD)

  • #681,141
  • Sep 5, 2022 8:04pm Sep 5, 2022 8:04pm
Eurjpy long
tp1 140.477
sl 139.567
premium
My telegram: https://t.me/avidforex
  • #681,142
  • Sep 5, 2022 8:11pm Sep 5, 2022 8:11pm
This upswing has less to do with the GBP and more to do with the USD, I think. GU and EU are both behaving in a similar way, while USDX is pushing down. Either USDX will go back to the 109 line, or perhaps it will go and fill the gap first, and then go to 109. I'm not sure. There is still no opening for me on GU to enter a trade, so I wait

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I am neither brave nor stupid...I am just a part time trader
  • #681,143
  • Sep 5, 2022 8:25pm Sep 5, 2022 8:25pm
1.6k touch down ..keep pushing up ..
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  • #681,144
  • Sep 5, 2022 8:28pm Sep 5, 2022 8:28pm
Quoting Indiara
This upswing has less to do with the GBP and more to do with the USD, I think. GU and EU are both behaving in a similar way, while USDX is pushing down. Either USDX will go back to the 109 line, or perhaps it will go and fill the gap first, and then go to 109. I'm not sure. There is still no opening for me on GU to enter a trade, so I wait {image}
Your analysis that USD is the driving force for EU, GU, EG is spot on. This is not expected by many because of the US bank holiday.

When EU and GU are synchronized, simply check EG to determine whether EU or GU is dominant.
To free Gazans of Hamas, use whatever it takes.
  • #681,145
  • Sep 5, 2022 8:38pm Sep 5, 2022 8:38pm
1.7k touch down ..keep pushing it up
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  • #681,146
  • Sep 5, 2022 8:40pm Sep 5, 2022 8:40pm
Quoting TooSlow
{quote} Nice work. Persistence, determination and tenacity. Well done.
Thanks mate.
Data + Stat + Risk/Emotions Management
  • #681,147
  • Sep 5, 2022 8:43pm Sep 5, 2022 8:43pm
Quoting BigNumbers
GBPCAD long SL 1.51419 TP1 1.52000 TP2 1.52500
TP1 HIT
My telegram: https://t.me/avidforex
  • #681,148
  • Sep 5, 2022 8:44pm Sep 5, 2022 8:44pm
Quoting BigNumbers
Eurjpy long tp1 140.477 sl 139.567 premium
Still at entry point... we expect it to zoom in no time
My telegram: https://t.me/avidforex
  • #681,149
  • Sep 5, 2022 8:48pm Sep 5, 2022 8:48pm
Quoting voeltoez
{quote} stick on the plan..but since bollinger bands are moving..upper bb changed to 1.1605..maybe will be bounce/reject continue bearish there... or we might see 1.1800 this week on mid bb daily.. cmiiw
closed all long trade @1.16000..looking signal for short..expect will be back to todays open first
  • #681,150
  • Sep 5, 2022 8:57pm Sep 5, 2022 8:57pm
Quoting DrDave
{quote} Your analysis that USD is the driving force for EU, GU, EG is spot on. This is not expected by many because of the US bank holiday. When EU and GU are synchronized, simply check EG to determine whether EU or GU is dominant.

Thank you. I always think that because the USD is the reserve currency, and the USA economy is the worlds largest, it follows that USD is a major influence on the markets.
I am neither brave nor stupid...I am just a part time trader
  • #681,151
  • Sep 5, 2022 9:10pm Sep 5, 2022 9:10pm
Yesterday provided no good place to go short at all, which - given the state of play today - was just as well.
Made some nice profit in the upswing.
Need to wait until the market settles to consider any further trading on this pair.
  • #681,152
  • Sep 5, 2022 9:10pm Sep 5, 2022 9:10pm
Quoting EvilEye
Yesterday provided no good place to go short at all, which - given the state of play today - was just as well. Made some nice profit in the upswing. Need to wait until the market settles to consider any further trading on this pair.
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  • #681,153
  • Sep 5, 2022 9:13pm Sep 5, 2022 9:13pm
when frankfurt / London opens, just sell below 1600 /1620 for me.
Intraday only.
  • #681,154
  • Sep 5, 2022 9:16pm Sep 5, 2022 9:16pm
Quoting navk
when frankfurt / London opens, just sell below 1600 /1620 for me.
1.1636 for me since friday
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  • #681,156
  • Sep 5, 2022 9:23pm Sep 5, 2022 9:23pm
Quoting buffedmage
{quote} 1.1636 for me since friday
ok, does not matter, as long as i manage risk.
Intraday only.
  • #681,157
  • Sep 5, 2022 9:24pm Sep 5, 2022 9:24pm
Quoting navk
Hidden
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  • #681,158
  • Sep 5, 2022 9:24pm Sep 5, 2022 9:24pm
Quoting navk
{quote} ok, does not matter, as long as i manage risk.
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  • #681,159
  • Sep 5, 2022 10:05pm Sep 5, 2022 10:05pm
Too many private messages.

Pl refrain from sending PM unless it is absolutely necessary.

Thanks for understanding.
Intraday only.
  • #681,160
  • Sep 5, 2022 10:23pm Sep 5, 2022 10:23pm
TP 1.1550 would be nice @ mid bb H1
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