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Cable Update (GBPUSD)

  • #682,441
  • Sep 9, 2022 11:29am Sep 9, 2022 11:29am
Quoting BeeTogether
A lot of rejection at the 116 area a close above todays opening or even the 11550 area can help the bulls out on Monday

do you get new day candle at London closing? From IG
MY OPINION NOT FINANCIAL ADVISE
  • #682,442
  • Sep 9, 2022 11:36am Sep 9, 2022 11:36am
popcorn stuffs happening in twitter
Blank and Empty
  • #682,443
  • Sep 9, 2022 11:36am Sep 9, 2022 11:36am
Quoting T721
{quote} The banks have done their work for the week and squared up their positions, hence the bounce from the lows. the bounce was caused by them exciting not buying. UK closes in 4mins so probably not much gonna happen unless US get involved now and maybe get above 1.16
Do u really think the bounce is cause be banks closing positions over weekend?

if u look at the money flow everything is at an extreme..
  • #682,444
  • Sep 9, 2022 11:41am Sep 9, 2022 11:41am
Quoting donfriday
{quote} do you get new day candle at London closing? From IG
you mean utc 12 am ? i think whselfinvest got that..their candles starts from there...btw both are market makers ...better avoid them over conflicts of interest
Blank and Empty
  • #682,445
  • Sep 9, 2022 11:41am Sep 9, 2022 11:41am
Quoting nAVIN2007
{quote} Do u really think the bounce is cause be banks closing positions over weekend? if u look at the money flow everything is at an extreme..
morning star on oil daily
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,446
  • Sep 9, 2022 11:42am Sep 9, 2022 11:42am
Quoting donfriday
Similar {image}
Most bounce GU has done since beginning of August is 273 pips... 1.2003 - 1.2276 and after that it followed up with 871 pips crash to 1.1405.

This current rise from 1.1405 to 1.1647 contains 242 pips bounce, should 1.1647 - 1.1675 hold, we may have another crash in our hands.

Expected September range is between 500 - 750 pips

Scenarios simulation making use of 500 pips
✓1.1405 + 500 = 1.1905
✓1.1647 - 500 = 1.1147

This means either 1.1147 or 1.1905 will be touched this September.

Above 1.1600 exposes 1.1905
Below 1.1500 exposes 1.1147

Decider being 1.1550.

A research excerpt with no obligation to follow...
Data + Stat + Risk/Emotions Management
  • #682,447
  • Sep 9, 2022 11:43am Sep 9, 2022 11:43am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-09-09 at 17.44.05.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,448
  • Sep 9, 2022 11:44am Sep 9, 2022 11:44am
Quoting Bones
{quote} morning star on oil daily
if it sends the pound up..is all that matters lol
I really do not want to be in this trade for 2 years...
  • #682,449
  • Sep 9, 2022 11:47am Sep 9, 2022 11:47am
Quoting nAVIN2007
{quote} if it sends the pound up..is all that matters lol I really do not want to be in this trade for 2 years...
weekly is bullish, the next trend line won't hold
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-09-09 at 17.46.43.png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,450
  • Sep 9, 2022 11:50am Sep 9, 2022 11:50am
Quoting Georginson
{quote} Most bounce GU has done since beginning of August is 273 pips... 1.2003 - 1.2276 and after that it followed up with 871 pips crash to 1.1405. This current rise from 1.1405 to 1.1647 contains 242 pips bounce, should 1.1647 - 1.1675 hold, we may have another crash in our hands. Expected September range is between 500 - 750 pips Scenarios simulation making use of 500 pips ✓1.1405 + 500 = 1.1905 ✓1.1647 - 500 = 1.1147 This means either 1.1147 or 1.1905 will be touched this September. Above 1.1600 exposes 1.1905 Below 1.1500 exposes...
up for sure
mostly explosive (I feel)
  • #682,451
  • Sep 9, 2022 11:56am Sep 9, 2022 11:56am
Quoting ScalaFX
{quote}green pips to you men
Thats good...I had alot of green pips too LOL AND i MEAN ALOT
  • #682,452
  • Sep 9, 2022 12:00pm Sep 9, 2022 12:00pm
Quoting Wavegarrick
{quote} T721, To be honest with you. If I had to worry about the banks closing their positions weekly I probably would not trade medium to long term. A nice example was Asia today with a 100 pip plus bullish move. For me its all about positioning. Smart money, hedge funds, long term investors and the big players don't care about the banks and position squaring. I don't profess by any means that we are in a swing reversal as the greater trend is still down. But heck I take my chances where I can. Gu is touching 1.16000 as I am typing. Cheers.
Nice work, hope you made plenty $$$ pal
  • #682,453
  • Sep 9, 2022 12:02pm Sep 9, 2022 12:02pm
Quoting nAVIN2007
{quote} up for sure mostly explosive (I feel)
I'm absolutely open minded to whichever one it will do but for your sake, I will want it to get to 1.1905.
Data + Stat + Risk/Emotions Management
  • #682,454
  • Sep 9, 2022 12:06pm Sep 9, 2022 12:06pm
Bad trades for me today. My shorts under water.... But fingers crossed. I wish it would get to 1.1550 so I can break even.
  • #682,455
  • Sep 9, 2022 12:15pm Sep 9, 2022 12:15pm
Quoting Georginson
{quote} I'm absolutely open minded to whichever one it will do but for your sake, I will want it to get to 1.1905.

thx baba
I find myself in real mess but i am strong enough to see it through assuming the direction is up longer term

I have hedged my position buying etherum and bitcoin
  • #682,456
  • Sep 9, 2022 12:20pm Sep 9, 2022 12:20pm
Quoting smtchris71
Bad trades for me today. My shorts under water.... But fingers crossed. I wish it would get to 1.1550 so I can break even.
u have probability on your side
we either at a reversal stage or trend positioning

u probably ok, but SL needs to be in place because of the extreme
  • #682,457
  • Sep 9, 2022 12:30pm Sep 9, 2022 12:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 13 KB
yes yes yes
  • #682,458
  • Sep 9, 2022 12:31pm Sep 9, 2022 12:31pm
Quoting nAVIN2007
{quote} u have probability on your side we either at a reversal stage or trend positioning u probably ok, but SL needs to be in place because of the extreme
You are kind. I really appreciate.
  • #682,459
  • Sep 9, 2022 12:32pm Sep 9, 2022 12:32pm
Quoting Moty
{image}
Moty
  • #682,460
  • Edited 12:55pm Sep 9, 2022 12:41pm | Edited 12:55pm
Quoting smtchris71
{quote} You are kind. I really appreciate.

It is really tough to call, either USD has found a top or it will go towards to blue line, which will kill longs then reverse
The question is have we found a top

The divergence will cause USD to weaken but it needs news releases to trigger the fall. Has the increase in interest rates done its job in damping the economy, is the question..??
Anyways I thought id share the chart
The second chart should have an inverse relationship to USD strength, so it could be a reversal point..assuming my chart is correct

Hope u get what u are looking for
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ssdss#USDX_U2Monthly.png Size: 42 KB
Click to Enlarge Name: ssdsEURUSDMonthly.png Size: 43 KB
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