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Cable Update (GBPUSD)

  • #684,481
  • Sep 16, 2022 5:55am Sep 16, 2022 5:55am
One thing I know for sure.. they will never let you pick the bottom this easily, meaning this isn't bottom.
  • #684,482
  • Sep 16, 2022 5:57am Sep 16, 2022 5:57am
Quoting Robinhood1
trading to the minimal expression {image}
Feel for your loss, hang in there and draw on your 22 years of experience and you'll come out the other side a better person
  • #684,483
  • Sep 16, 2022 5:57am Sep 16, 2022 5:57am
Quoting TheWolf
One thing I know for sure.. they will never let you pick the bottom this easily, meaning this isn't bottom.
yep..they fake it and hunt us...thats where exactly my other zone will comes into play. Learnt from my experience..some times if market is very volatile it would fake out tries to hunt below my 2nd zone and then push up, thats why i put stop few pips below them
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  • #684,484
  • Sep 16, 2022 5:58am Sep 16, 2022 5:58am
Quoting Dagaco
{quote} Hey Pat! Can I ask you where to find that information? Thanks!!
From Reuters Business subscription.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #684,485
  • Sep 16, 2022 5:59am Sep 16, 2022 5:59am
Quoting TheWolf
One thing I know for sure.. they will never let you pick the bottom this easily, meaning this isn't bottom.
Maybe.. but remember in May when we saw that huge fall from 125 to 11980 it bounced off it quite quickly
Insane in the Brain..
  • #684,486
  • Sep 16, 2022 6:01am Sep 16, 2022 6:01am
Quoting Pat Chiko
{quote} From Reuters Business subscription.
Thank you!
“Stops don’t limit profits — they prevent disasters.”
  • #684,487
  • Sep 16, 2022 6:03am Sep 16, 2022 6:03am
Quoting Theoak
{quote} Done another 14 pips... This scalping is a bit too much like hard work. Me done now good luck all. I'd like to see this retrace to about 1.1410 then if sets up - short. I always like to be with the trend!!!!
Well, I was done, but it retraced quicker than expected.

So short in 1.1408 ... I expect it might go up another 10 pips, but I'm in!!!
Don't trade what you think. Just what you see!!!
  • #684,488
  • Sep 16, 2022 6:04am Sep 16, 2022 6:04am
Quoting Waveskierrob
{quote} Feel for your loss, hang in there and draw on your 22 years of experience and you'll come out the other side a better person
The market will continually provide you with the teachings that you need to grow into the trader you aspire to become.
We will unconsciously want to shield our self from those painful lessons to protect our ego.

Don't...

You'll only delay the process of growth.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #684,489
  • Sep 16, 2022 6:04am Sep 16, 2022 6:04am
all out !!!
took lose of 30 after being in 235$ floating loss at the low
still in 70 $ daily profit
now out , it can drop again
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yes yes yes
  • #684,490
  • Sep 16, 2022 6:14am Sep 16, 2022 6:14am
Quoting dantpm
{quote} What news are you anticipating impacting the markets today?

Market participants could face additional volatility from the quarterly expiry event known as triple witching, with contracts for stock index futures, stock index options and stock options all expiring, while re-balancing of major equity indexes also takes place.

A dollar index soared to a fresh record, reflecting bets for outsize Federal Reserve interest rate hikes.
Attached Image (click to enlarge)
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Meanwhile, the dollar continues its ascent. The US yield curve continues to invert, with some predicting it could have much more to go.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #684,491
  • Sep 16, 2022 6:14am Sep 16, 2022 6:14am
i agree , we got some market makers among us ..who hates me spotting their levels ..i make you cry more market makers..dont try to hedge against me , even banks like UBS, Barclays , etc hates you people
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  • #684,492
  • Sep 16, 2022 6:15am Sep 16, 2022 6:15am
The level 1.14120 is my support area for the generational bottom, which the bottom is now lost due to new lows, and the support area now turned resistance.
Currently it seems to act like resistance and already has 2 up wicks rejected off it, preventing price to move higher.

Also tried to look at the past news impact that's coming in about 3 hours, looks like a non-event. Will exit before day ends regardless of trade outcome.
Hope GU just dump hard later all the way to my TP and be done with it already, I am thirsty for profit, this month is bad to me, still at 1%+ profit for this month, absolutely pathetic considering half month gone already, but not at a loss yet, that's the silver lining.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #684,493
  • Sep 16, 2022 6:24am Sep 16, 2022 6:24am
Quoting Reverso
The level 1.14120 is my support area for the generational bottom, which the bottom is now lost due to new lows, and the support area now turned resistance. Currently it seems to act like resistance and already has 2 up wicks rejected off it, preventing price to move higher. Also tried to look at the past news impact that's coming in about 3 hours, looks like a non-event. Will exit before day ends regardless of trade outcome. Hope GU just dump hard later all the way to my TP and be done with it already, I am thirsty for profit, this month is bad...
i guess usd news will be coming negative for dollor,if today it comes positive , the prices will hit bottom of my zone , and continues the upmove in next week(must be having bad news on first half of next week)
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  • #684,494
  • Sep 16, 2022 6:25am Sep 16, 2022 6:25am
Quoting TheWolf
One thing I know for sure.. they will never let you pick the bottom this easily, meaning this isn't bottom.
Agree, so maybe there is another fall
  • #684,495
  • Sep 16, 2022 6:27am Sep 16, 2022 6:27am
if gu touch 1.1425 i am switching to bull
MY OPINION NOT FINANCIAL ADVISE
  • #684,496
  • Sep 16, 2022 6:28am Sep 16, 2022 6:28am
Quoting buffedmage
{quote} i guess usd news will be coming negative for dollor,if today it comes positive , the prices will hit bottom of my zone , and continues the upmove in next week(must be having bad news on first half of next week)
but forecast is higher , lets see actual value ,but if comes out positive it should hit some where 1.1345ish area ,and may continue moves on next week...not a big fall i can expect in today usd news
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  • #684,497
  • Sep 16, 2022 6:43am Sep 16, 2022 6:43am
Quoting Robinhood1
Maybe around 1.1370 is a temp low
target above 1.2100. I may be wrong
POSTMASTER
  • #684,498
  • Edited 6:59am Sep 16, 2022 6:47am | Edited 6:59am
update : i expect now news more to be positive for usd ..as my USDJPY reached the demand zone...expecting bear on us open on GBPUSD( i might be wrong as i cant predict news ..just guessing )
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  • #684,499
  • Sep 16, 2022 6:48am Sep 16, 2022 6:48am
My guess is that the higher US dollar which hurts US exports and cuts the cost of imports will also drive the US stock market down. The net impact of this will be to reduce pressure on the FED to go for a 100 basis point interest rate increase. How long it takes others to see this is anyone's guess, if they see it.
  • #684,500
  • Sep 16, 2022 6:49am Sep 16, 2022 6:49am
Quoting Reverso
The level 1.14120 is my support area for the generational bottom, which the bottom is now lost due to new lows, and the support area now turned resistance. Currently it seems to act like resistance and already has 2 up wicks rejected off it, preventing price to move higher…
Yeah seen it bounce of it a few times now.
Insane in the Brain..
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