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Cable Update (GBPUSD)

  • #684,381
  • Sep 16, 2022 3:03am Sep 16, 2022 3:03am
Quoting Pat Chiko
{quote} Which one. ? Just had mine....... all green. ( good stuff) {image}
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  • #684,382
  • Sep 16, 2022 3:04am Sep 16, 2022 3:04am
Quoting Indiara
{quote} I have something that I have to do, so I have SL protecting trade and I will see what the universe wants to do. Back later

I just got back home. I am on call this afternoon / evening so it is all part of the job

I'm very happy to see my trade worked out, +40 for my account

I don't know because I don't know too much, but I imagine that there was a large number of Pending Buys at the 1400 level, with SL's placed in the 1300's. Of course the large players like the banks etc will go and get those SL's, it would be easy picking for them.

I don't see any reason buy yet.


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I am neither brave nor stupid...I am just a part time trader
  • #684,383
  • Sep 16, 2022 3:06am Sep 16, 2022 3:06am
Quoting Moty
stupide me i hope for a pull back at least to 1.14000{image}{image}
Thats wide red candle was from EU. Was waiting for it to fall Since early morning.
More time in the market, does not mean you trade better!
  • #684,384
  • Sep 16, 2022 3:06am Sep 16, 2022 3:06am
sellers done now on gu ..its range/buyers time
Blank and Empty
  • #684,385
  • Sep 16, 2022 3:07am Sep 16, 2022 3:07am
Strong USD, couldn't be anything to do with a "global dollar shortage"? surely not after all the money they been printing
  • #684,386
  • Sep 16, 2022 3:07am Sep 16, 2022 3:07am
Looking at the USDX, are the bears done yet?
  • #684,387
  • Sep 16, 2022 3:08am Sep 16, 2022 3:08am
Quoting Waveskierrob
Strong USD, couldn't be anything to do with a "global dollar shortage"? surely not after all the money they been printing
More likely further interest rate hike expectations.
Compulsions can be hard to resist
  • #684,388
  • Sep 16, 2022 3:10am Sep 16, 2022 3:10am
GBPUSD lowest since March 1985 by the looks of things. I was in my first year of school.
  • #684,389
  • Sep 16, 2022 3:10am Sep 16, 2022 3:10am
this should push up...way till 1.1520 ..ish area
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  • #684,390
  • Sep 16, 2022 3:12am Sep 16, 2022 3:12am
Quoting buffedmage
this should push up...way till 1.1520 ..ish area {image}
Id like to say yes but because the usd is so drugging strong right now and we have red sticker data later which will push the usd down further 11520 is like moons away right now
Insane in the Brain..
  • #684,391
  • Sep 16, 2022 3:14am Sep 16, 2022 3:14am
Quoting trumps
{quote} More likely further interest rate hike expectations.
Maybe, but aren't all rising their rates and who has just stopped printing money?, just a thought, again I don't know, just putting one of many things out there....thanks for reply
  • #684,392
  • Sep 16, 2022 3:14am Sep 16, 2022 3:14am
Quoting Waveskierrob
Strong USD, couldn't be anything to do with a "global dollar shortage"? surely not after all the money they been printing
Traders are thinking "Now that the CPI went up by 0.1% last month, the Fed are now going to do something about inflation." I still can't believe that the dollar is seen as a safe haven anymore. The way they print (though the BoE and ECB isn't much better) and run it as a ponzi scheme. Just can't believe it's not being seen through.
  • #684,393
  • Sep 16, 2022 3:15am Sep 16, 2022 3:15am
pending buy 1.1325

50sl 120tp
MY OPINION NOT FINANCIAL ADVISE
  • #684,394
  • Sep 16, 2022 3:18am Sep 16, 2022 3:18am
Quoting buffedmage
this should push up...way till 1.1520 ..ish area {image}
Agreed, when and how does it get there?
  • #684,395
  • Sep 16, 2022 3:19am Sep 16, 2022 3:19am
Quoting MrFanciful
{quote} Traders are thinking "Now that the CPI went up by 0.1% last month, the Fed are now going to do something about inflation." I still can't believe that the dollar is seen as a safe haven anymore. The way they print (though the BoE and ECB isn't much better) and run it as a ponzi scheme. Just can't believe it's not being seen through.
People always want to invest somewhere for FOMO, Indices market are in decline, so CASH is king at this moment ...thanks for reply
  • #684,396
  • Sep 16, 2022 3:22am Sep 16, 2022 3:22am
Quoting dantpm
{quote} Agreed, when and how does it get there?
need usd news to drive it...if Michigan consumer sentiment come bad for usd...expecting a few up moves ..till that area..else we see range
Blank and Empty
  • #684,397
  • Sep 16, 2022 3:23am Sep 16, 2022 3:23am
Quoting RaHaG0D
{quote} One of my charting tools is the Regression Channel, which whenever it breaks for the first time in a trend, there is another return to the middle line or the end of the channel. Ichi tells another story for drop. I hope I'm wrong & those who bought make a good profit(1.14200 is a good support to return). I won't trade today, My words may be wrong {image}
I don't talk because I already said goodbye. Update only. Maybe white will happen and maybe blue will be a good rise and return
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There is nothing wrong with being kind & loving to each other
  • #684,398
  • Sep 16, 2022 3:23am Sep 16, 2022 3:23am
Quoting Waveskierrob
{quote} People always want to invest somewhere for FOMO, Indices market are in decline, so CASH is king at this moment ...thanks for reply
Also paper money is only worth what people think it is worth.

A hot sausage roll is worth a fortune to a homeless and hungry beggar. The same sausage roll is worth very little to Elon Musk! It is a similar concept I think
I am neither brave nor stupid...I am just a part time trader
  • #684,399
  • Sep 16, 2022 3:30am Sep 16, 2022 3:30am
Quoting Indiara
{quote} Also paper money is only worth what people think it is worth. A hot sausage roll is worth a fortune to a homeless and hungry beggar. The same sausage roll is worth very little to Elon Musk! It is a similar concept I think
Nice....will need sometime to mull that one over.......and I love sausage rolls, worth more to anyone with a bit of brown sauce on it
  • #684,400
  • Sep 16, 2022 3:33am Sep 16, 2022 3:33am
Quoting Waveskierrob
{quote} Nice....will need sometime to mull that one over.......and I love sausage rolls, worth more to anyone with a bit of brown sauce on it
With brown sauce it is nearly priceless!
I am neither brave nor stupid...I am just a part time trader
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