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Cable Update (GBPUSD)

  • #683,821
  • Sep 15, 2022 1:33am Sep 15, 2022 1:33am
I'm expecting 1.1433.
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  • #683,822
  • Sep 15, 2022 1:34am Sep 15, 2022 1:34am
Looking at what the USD is doing and considering support and resistance levels, I'm thinking GU is a false break back into the channel and heading down.
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Compulsions can be hard to resist
  • #683,823
  • Sep 15, 2022 1:38am Sep 15, 2022 1:38am
Booked 1.1510 TP 1.1550 no SL
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  • #683,824
  • Sep 15, 2022 1:43am Sep 15, 2022 1:43am
Quoting Waveskierrob
{quote} With you all the way LONG 1.1510 no tp no sl
closed LONG 1.1517 +7
  • #683,825
  • Sep 15, 2022 1:47am Sep 15, 2022 1:47am
Quoting DailyChart
{quote} Still hold ?
yes..add 1 long @1.1511
My view bear is done..
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  • #683,826
  • Sep 15, 2022 1:47am Sep 15, 2022 1:47am
This is USDX Day chart. It has almost 100 pips to go to get to the previous high. When it gets there (if it does), it could be a very important outcome, no matter which way it goes. So in theory (in my little brain) GU could drop another 100 pips, but I see no entry right now. UJ could go up another 100 or more, but I can't buy UJ in case BOJ intervenes and spoils my trade. Is interesting time

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I am neither brave nor stupid...I am just a part time trader
  • #683,827
  • Sep 15, 2022 1:54am Sep 15, 2022 1:54am
Quoting Indiara
This is USDX Day chart. It has almost 100 pips to go to get to the previous high. When it gets there (if it does), it could be a very important outcome, no matter which way it goes. So in theory (in my little brain) GU could drop another 100 pips, but I see no entry right now. UJ could go up another 100 or more, but I can't buy UJ in case BOJ intervenes and spoils my trade. Is interesting time {image}
trading any Yen pairs is a risky investment considering that BoJ can jump in anytime right now. However GU could see a retrace to 116 before the dump
Insane in the Brain..
  • #683,828
  • Sep 15, 2022 1:57am Sep 15, 2022 1:57am
Gbpusd and gold retracing upwards, but trend is down
  • #683,829
  • Sep 15, 2022 1:59am Sep 15, 2022 1:59am
dx closed his gap finally
switched to long
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yes yes yes
  • #683,830
  • Sep 15, 2022 2:01am Sep 15, 2022 2:01am
Usdjpy long
  • #683,831
  • Sep 15, 2022 2:04am Sep 15, 2022 2:04am
Quoting Coreg2004
{quote} RH, traders helping traders. Compare with your method/system of trading. This is just my take on this pair. {image}
Hi there. Could you display wave sequence on usdchf same periods. Thank you
POSTMASTER
  • #683,832
  • Sep 15, 2022 2:05am Sep 15, 2022 2:05am
Quoting Indiara
This is USDX Day chart. It has almost 100 pips to go to get to the previous high. When it gets there (if it does), it could be a very important outcome, no matter which way it goes. So in theory (in my little brain) GU could drop another 100 pips, but I see no entry right now. UJ could go up another 100 or more, but I can't buy UJ in case BOJ intervenes and spoils my trade. Is interesting time {image}
Everything is bet on FED aggressive hike by 100bps, which explains why USD is flying like a free bird, and coincides with your TA view
More time in the market, does not mean you trade better!
  • #683,833
  • Sep 15, 2022 2:10am Sep 15, 2022 2:10am
Quoting Fardeen1209
{quote} Everything is bet on FED aggressive hike by 100bps, which explains why USD is flying like a free bird, and coincides with your TA view
The FED event could be a very big deal, for sure. It's so interesting.
I am neither brave nor stupid...I am just a part time trader
  • #683,834
  • Sep 15, 2022 2:11am Sep 15, 2022 2:11am
Went long Geppy at 165.55 for a TP at 166. Sounds risky but I am trying to buy a potential formation of the right shoulder. I think after that shoulder forms then the BOJ may step in and throw it into the abyss.
  • #683,835
  • Sep 15, 2022 2:13am Sep 15, 2022 2:13am
Quoting Fardeen1209
{quote} Everything is bet on FED aggressive hike by 100bps, which explains why USD is flying like a free bird, and coincides with your TA view
It then means they may be planning to dump the USD that day because I don't see 100bps coming. If the Frd does a 75bps (which is actually good enough) then that'll be the excuse to dump the dollar for a while. Maybe that day we see GU fly 400 pips in two days.
  • #683,836
  • Sep 15, 2022 2:16am Sep 15, 2022 2:16am
Todays USDJPY(15-09-22) levels...keep an eye on these areas ...a HIGH impact News can deflect the prices around these areas..
Attached Image (click to enlarge)
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Blank and Empty
  • #683,837
  • Sep 15, 2022 2:16am Sep 15, 2022 2:16am
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...
Hello guys, with just 11 trade days left this September, the current range is 332 pips (1.1405 - 1.1737) and there is still additional 200 more pips to break either 1.1405 or 1.1737...

The decider I outlined on the quoted post was 1.1550,

✓below 1.1550 will be pointing at 1.1200
✓above 1.1550 will be pointing at 1.1900

Price currently trading below 1.1550, this means as it stands a possible low of 1.1200 cannot be ruled out.

Minimum expected Range this September is 520 pips and the range will always find its way to happen to either direction, so expect some dramatic moves as we are closing in on September ending.

My research excerpt with no obligation to follow...

Cheers, George.
Data + Stat + Risk/Emotions Management
  • #683,838
  • Sep 15, 2022 2:16am Sep 15, 2022 2:16am
Quoting Indiara
{quote} The FED event could be a very big deal, for sure. It's so interesting.
The US02Y already on the ride at 3.835% while US10Y is at 3.447% with US02Y approaching a resistance.
We might see UJ go up for 30pips, then a minor correction or more particularly a minor congestion will take place.
Then up resumes
More time in the market, does not mean you trade better!
  • #683,839
  • Sep 15, 2022 2:17am Sep 15, 2022 2:17am
Quoting Fardeen1209
{quote} Everything is bet on FED aggressive hike by 100bps, which explains why USD is flying like a free bird, and coincides with your TA view
if they hike 100 recession will set in

so 75 bp[s max , usd will weaken across the board
  • #683,840
  • Sep 15, 2022 2:17am Sep 15, 2022 2:17am
Quoting Mitiblotch
{quote} It then means they may be planning to dump the USD that day because I don't see 100bps coming. If the Frd does a 75bps (which is actually good enough) then that'll be the excuse to dump the dollar for a while. Maybe that day we see GU fly 400 pips in two days.
That's a reason why I don't see BOJ making intervention yet. They must wait until FED has made it's move first to see the reaction. But I still won't buy UJ, just in case
I am neither brave nor stupid...I am just a part time trader
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