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Cable Update (GBPUSD)

  • #681,561
  • Sep 7, 2022 4:43am Sep 7, 2022 4:43am
Quoting Indiara
{quote} Yes, it's looking like a repeat of yesterdays market action......
I think the problem is we've hit a key level. Where there is massive support. The momentum is all down, but will need a lot of volitivity to break this support which we don't have at the moment. Last time we were down at this level there was a bull rally.
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Don't trade what you think. Just what you see!!!
  • #681,562
  • Sep 7, 2022 4:44am Sep 7, 2022 4:44am
Quoting Fardeen1209
{quote} You need to wait for a close, you just cant buy or sell whenever you want. Be patient! And reduce your lot size by 2, and widen your stop loss by 2(20 pips), cause 10 pips is too tight for GBPUSD. unless you have an excellent entry. This level will probably breakout!
Hhhhh just giving you some feedback,, trade went as anticipated! The point is not being right or wrong the point is to excute the best possible trade ,,,am out ,,,I'll be back for CAD overnight rate,,,,also i appreciate your concern
Happy pips to you
I live in the future
  • #681,563
  • Sep 7, 2022 4:52am Sep 7, 2022 4:52am
Quoting randu
{quote} /me..... . {image}
Very handsome
Don't trade what you think. Just what you see!!!
  • #681,564
  • Sep 7, 2022 5:00am Sep 7, 2022 5:00am
Quoting Theoak
{quote} I think the problem is we've hit a key level. Where there is massive support. The momentum is all down, but will need a lot of volitivity to break this support which we don't have at the moment. Last time we were down at this level there was a bull rally. {image} {image}

We will have to be patient and let the market decide what it wants to do. It's ok to wait because waiting is free!! It will be interesting to see what turns this, and EU, UJ, USDX etc around. We will see
I am neither brave nor stupid...I am just a part time trader
  • #681,565
  • Sep 7, 2022 5:01am Sep 7, 2022 5:01am
GuysDo you have an indicator that can be added to the chart & can be used to turn on-off all the sub-windows (indicators inside the chart)?
There is nothing wrong with being kind & loving to each other
  • #681,566
  • Sep 7, 2022 5:03am Sep 7, 2022 5:03am
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  • #681,567
  • Sep 7, 2022 5:04am Sep 7, 2022 5:04am
Quoting Moty
{image}

watchout 1.1400 to 1.1350

just my view
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MY OPINION NOT FINANCIAL ADVISE
  • #681,568
  • Sep 7, 2022 5:09am Sep 7, 2022 5:09am
Quoting Indiara
{quote} We will have to be patient and let the market decide what it wants to do. It's ok to wait because waiting is free!! It will be interesting to see what turns this, and EU, UJ, USDX etc around. We will see
Well I'm thinking there is not enough juice to break the support so when it breaks the Moving average going long!!!
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #681,569
  • Sep 7, 2022 5:10am Sep 7, 2022 5:10am
Quoting donfriday
{quote} watchout 1.1400 to 1.1350 just my view {image}
that chart looks brutal for the pound.. quite scary actually. If we can see a rise to 117in the next few weeks that drop would fit in nicely

basically a correction retrace get some liquidity then boom break the trapdoor to 1.10-1-120
Insane in the Brain..
  • #681,570
  • Sep 7, 2022 5:11am Sep 7, 2022 5:11am
Long tp 1.15100. Short at tp
  • #681,571
  • Sep 7, 2022 5:12am Sep 7, 2022 5:12am
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  • #681,572
  • Sep 7, 2022 5:16am Sep 7, 2022 5:16am
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yes yes yes
  • #681,573
  • Sep 7, 2022 5:19am Sep 7, 2022 5:19am
Quoting BeeTogether
{quote} that chart looks brutal for the pound.. quite scary actually. If we can see a rise to 117in the next few weeks that drop would fit in nicely basically a correction retrace get some liquidity then boom break the trapdoor to 1.10-1-120

we should see a Pause to this insane downtrend between sept-oct Maybe
MY OPINION NOT FINANCIAL ADVISE
  • #681,574
  • Sep 7, 2022 5:20am Sep 7, 2022 5:20am
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  • #681,575
  • Sep 7, 2022 5:23am Sep 7, 2022 5:23am
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  • #681,576
  • Sep 7, 2022 5:24am Sep 7, 2022 5:24am
Quoting Fardeen1209
US10Y and UJ While US 10Y will retarce, Uj might go in a congestion zone, before uptrend resume! Remember, UJ is always one-sided love, it always run on only one side, Since Japanese Hedge Funds act in the same way, they dont do contrarian trade! Always Trend following system. {image}
As Expected, UJ Start to climb while US10Y starts also to
These two are my favorite couple.
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More time in the market, does not mean you trade better!
  • #681,577
  • Sep 7, 2022 5:25am Sep 7, 2022 5:25am
Quoting Fardeen1209
{quote} As Expected, UJ Start to climb while US10Y starts also to These two are my favorite couple. {image}
yep pretty much easy to trade these days..while gu is messy for me ..i go uj
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  • #681,578
  • Sep 7, 2022 5:27am Sep 7, 2022 5:27am
Long in at 1.1491

11 pip loss turning bearish now
Don't trade what you think. Just what you see!!!
  • #681,579
  • Sep 7, 2022 5:29am Sep 7, 2022 5:29am
Quoting Fardeen1209
{quote} As Expected, UJ Start to climb while US10Y starts also to These two are my favorite couple. {image}
do they have children ?
  • #681,580
  • Sep 7, 2022 5:31am Sep 7, 2022 5:31am
Quoting PatienceFx
{quote} do they have children ?
Yes DXY, which rarely agrees with them

But..
But have massive crush on GU and EU.
(You know that kid who values their GF/BF more than their parents. Thats DXY!)
More time in the market, does not mean you trade better!
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