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Cable Update (GBPUSD)

  • #682,561
  • Sep 11, 2022 2:53pm Sep 11, 2022 2:53pm
Taking weekend rates with a pinch of salt but this weekends rate have seen a big upward move
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Insane in the Brain..
  • #682,562
  • Edited 3:14pm Sep 11, 2022 2:53pm | Edited 3:14pm
We do wonder about those crazy re bounced spikes... Apparently options hedged positions are bigger then in 2008.

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  • #682,563
  • Sep 11, 2022 3:01pm Sep 11, 2022 3:01pm
60 pip opening start? Something fishy going on
Insane in the Brain..
  • #682,564
  • Sep 11, 2022 3:10pm Sep 11, 2022 3:10pm
Quoting BeeTogether
60 pip opening start? Something fishy going on
Yes, it is!

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  • #682,565
  • Sep 11, 2022 3:20pm Sep 11, 2022 3:20pm
does gbp currency bills getting revised with king Charles III image ?
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  • #682,566
  • Sep 11, 2022 3:21pm Sep 11, 2022 3:21pm
Quoting BeeTogether
60 pip opening start? Something fishy going on
It's currently trading at 1.1645
Data + Stat + Risk/Emotions Management
  • #682,567
  • Sep 11, 2022 3:26pm Sep 11, 2022 3:26pm
Quoting Georginson
{quote} It's currently trading at 1.1645
Still in the pre-market.
  • #682,568
  • Sep 11, 2022 3:55pm Sep 11, 2022 3:55pm
Quoting buffedmage
does gbp currency bills getting revised with king Charles III image ?
Yes, new prints will be printed with the King Charles III. National anthem changed already.
https://news.sky.com/story/the-carol...-when-12692998
  • #682,569
  • Sep 11, 2022 3:57pm Sep 11, 2022 3:57pm
If you are tracking the GBPUSD this week, consider this technical viewpoint from a medium-term swing trader. GBPUSD price action on the daily time frame is in a bullish correction of a bearish technical structure after a bearish retest of the 1.13970 multi-year low. Further bullish move is favoured and we may see a drive towards the 1.17550/1.18620 horizontal resistance zone (red).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #682,570
  • Sep 11, 2022 4:01pm Sep 11, 2022 4:01pm
What a nice gap to open the week
  • #682,571
  • Edited 4:26pm Sep 11, 2022 4:08pm | Edited 4:26pm
Quoting Whale
What a nice gap to open the week
Wow..EUR/NZD 120 pips
Well, this ruined some of my plans.

Actually this ruined a lot for me. Possible trades I wanted to take included Euro.
I guess no trading today. We'll see.

Yeah, it was wise to close the trades on Friday, otherwise some of the winning trades would now be lost. Definitely never leave the trade over the weekend.
  • #682,572
  • Edited 5:09pm Sep 11, 2022 4:56pm | Edited 5:09pm
Quoting PatienceFx
{quote} gbp will weaken {file}
Dangers of prediction
  • #682,573
  • Sep 11, 2022 5:21pm Sep 11, 2022 5:21pm
rest pairs like uj au and uc doesn't seem much affected ..time to jump on them today
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  • #682,574
  • Sep 11, 2022 5:22pm Sep 11, 2022 5:22pm
Trying to close the gap...little hope for short in short term..i will wait for London open...gap hurts very hardly
  • #682,575
  • Sep 11, 2022 5:30pm Sep 11, 2022 5:30pm
Quoting buffedmage
rest pairs like uj au and uc doesn't seem much affected ..time to jump on them today
I think that I will sit on the fence for a bit ...
  • #682,576
  • Sep 11, 2022 5:33pm Sep 11, 2022 5:33pm
let the things settle on gu and eu ..monday mess..lol
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  • #682,577
  • Sep 11, 2022 5:43pm Sep 11, 2022 5:43pm
Quoting Wavegarrick
{quote} Thank you Otiken. I am glad that I can share my trials and tribulations in line with a longer term strategy. Longer term trading happens in spurts as the trend g
The consolidation periods are frustrating for sure, and positioning becomes critical. It is when range periods are broken that trading becomes a breeze provided you are on the right side of it. If broken, it is not easy for price to come back to that level. It could take weeks, months if not years. This is what I strive for, to go on with life without worrying too much about trading,...

My mindset is that I trade long term but manage price in short term, daily. My mentor use to call it short sword and long sword.
Yea consolidation. Is really frustrating mostly when are against trend because at that price can spring surprise. I'm happy that currently price is braking in my favour. I'm up about 2% profit since 31stof August I engage the market.
Trend is our friend and I like being on its side...
I'm seeing 1.80000 but I'm no god, I could be wrong.
A break below 1.50000 will put me at around 5% drawdown.
The price gap up at opening I believe it will close the gap before doing whatever he does best tryna take our money.
Trade safe friend.......
  • #682,578
  • Sep 11, 2022 5:48pm Sep 11, 2022 5:48pm
Quoting buffedmage
rest pairs like uj au and uc doesn't seem much affected ..time to jump on them today
UC is within my patterns. Possibly long around 1.2900
POSTMASTER
  • #682,579
  • Sep 11, 2022 6:00pm Sep 11, 2022 6:00pm
Quoting OAPDave
I am thinking What creates the most difficulty in our trading Our choice of Indicator/ Indicators ? Or our choice of Timeframes we chose to trade ? or In some case both {image} {image}
I think the most difficult aspect of trading is training our yourself to understand price, I mean price movement - price action. Indicators are just an added advantage to measure price to confirm what price has done or is doing and can never tell 100%what price will do. I, personally don't use it, not even one indicator.
Time frame does nothing except to give us a better view of price...........
Happy trading..........
  • #682,580
  • Sep 11, 2022 6:00pm Sep 11, 2022 6:00pm
let's go goldi
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yes yes yes
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