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Cable Update (GBPUSD)

  • #685,141
  • Sep 18, 2022 3:09pm Sep 18, 2022 3:09pm
The corporation will struggle to keep me underwater bitcoin. Its trying though
POSTMASTER
  • #685,142
  • Sep 18, 2022 3:13pm Sep 18, 2022 3:13pm
Quoting Robinhood1
The corporation will struggle to keep me underwater bitcoin. Its trying though
Everyone is on it, that's why I expect them to drag everything down so they can buy it cheap again (corps).
  • #685,143
  • Sep 18, 2022 3:15pm Sep 18, 2022 3:15pm
Quoting TheWolf
{quote} Everyone is on it, that's why I expect them to drag everything down so they can buy it cheap again (corps).
Yes, but there are some limits. Don´t think will be making cadchf´s mistake anymore. Learnt a nice lesson.
POSTMASTER
  • #685,144
  • Sep 18, 2022 3:17pm Sep 18, 2022 3:17pm
Quoting TheWolf
{quote} Everyone is on it, that's why I expect them to drag everything down so they can buy it cheap again (corps).
It is cheap now dor a swing to around 23000. Then its short. there is a 4th set of lines i did not display which will take over the control to go short
POSTMASTER
  • #685,145
  • Sep 18, 2022 3:20pm Sep 18, 2022 3:20pm
In the pre-market IG Markets has 65 pt spreads on the GBPUSD! (120 on the EURUSD!)
  • #685,146
  • Sep 18, 2022 3:20pm Sep 18, 2022 3:20pm
Good thing about the corporation is that its the best teacher you can have but you must be at a high level to learn
POSTMASTER
  • #685,147
  • Sep 18, 2022 3:22pm Sep 18, 2022 3:22pm
Quoting Robinhood1
{quote} Yes, but there are some limits. Don´t think will be making cadchf´s mistake anymore. Learnt a nice lesson.
It sucks yeah.. to tell you the truth I also lost a good percentage of my account by being bullish on Yen, because I thought Pound and Euro will start falling like a rock from the mountain and then they went up like mad. Now, I need to recover from that bs.. no more long term trades, if I do go long term then it's with ridicilous lot size that even if I lose 1000 pips, I would lose at best 10% of the account.
  • #685,148
  • Sep 18, 2022 3:24pm Sep 18, 2022 3:24pm
See how precise they are locking the price.

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POSTMASTER
  • #685,149
  • Sep 18, 2022 3:31pm Sep 18, 2022 3:31pm
GBPUSD price action on the daily time frame is experiencing a decline in bearish drive after creating an all time low at the 1.13413 area (green), breaking below the 1.13970 previous multi-year low. We may not see much bearish drive until a northward correction to an area of value, such as the 1.15960 area (red).

I may be wrong. Trade safe and prosper.

KP


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Do your homework, follow the footprints of smart money
  • #685,150
  • Sep 18, 2022 3:31pm Sep 18, 2022 3:31pm
the reason i believe there will be some fresh lows near 1.12


daily no bullish divergence
4hrs no bullish div
1hr no bullish div

divergence may fail but its impossible to have a reversal without divergence
MY OPINION NOT FINANCIAL ADVISE
  • #685,151
  • Sep 18, 2022 3:33pm Sep 18, 2022 3:33pm
And to please Wavesk, lets see if i can reach 18K end of week.
POSTMASTER
  • #685,152
  • Sep 18, 2022 3:40pm Sep 18, 2022 3:40pm
Quoting TheWolf
{quote} Seeing as the Gold, Brent, BitCoin, all of that is dropping these last days or so. Okay, let's think a little bit about this. Gold for the first time after many months dropped below 1680 Support which says to me we will see even bigger drop. US Dollar is still not near it's doom. As Gold is going to drop more, so is Pound also and other currencies against USD. As I said, this might be that big selloff of everything before the BIG move! BoJ might not even intervene since USD will self-destruct. I just wish I knew when that moment will arrive...
Very nice analysis! gold is remembered to always be a safe Haven I remember during the early stages of the pandemic I was loading on longs on both aud/usd and gold and made just absolutely explosive profit. This is why it’s crucial to pay attention to the world and keep yourself updated of what’s going on. Now aud soars and drops because it is linked to commodities gold being the biggest as well I believe coal. When we see gold rally aud tends to rally as well now we have usd soaring because It is a safe haven that investors are dumping their funds in to from risker assets. the feds are the kings of hikes right now who the hell wants gold!? the stocks are declining and pushing further for a recession I mean it is a recession they just don’t admit! the greenback is unstoppable but not for long, this will end eventually of course.
Master your mind. Master Trading.
  • #685,153
  • Sep 18, 2022 3:42pm Sep 18, 2022 3:42pm
Quoting dantpm
In the pre-market IG Markets has 65 pt spreads on the GBPUSD! (120 on the EURUSD!)
Xe.com no gap at GU, lets see at market open
People don't plan to lose. They lose because they don't plan.
  • #685,154
  • Sep 18, 2022 3:42pm Sep 18, 2022 3:42pm
Quoting donfriday
the reason i believe there will be some fresh lows near 1.12 daily no bullish divergence 4hrs no bullish div 1hr no bullish div divergence may fail but its impossible to have a reversal without divergence
This might count?
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  • #685,155
  • Sep 18, 2022 3:50pm Sep 18, 2022 3:50pm
Quoting donfriday
the reason i believe there will be some fresh lows near 1.12 daily no bullish divergence 4hrs no bullish div 1hr no bullish div divergence may fail but its impossible to have a reversal without divergence
And this?
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People don't plan to lose. They lose because they don't plan.
  • #685,156
  • Sep 18, 2022 3:51pm Sep 18, 2022 3:51pm
Quoting Mitiblotch
{quote} This might count? {image}
1-2 trading days more to confirm that low as a fractal
MY OPINION NOT FINANCIAL ADVISE
  • #685,157
  • Sep 18, 2022 3:53pm Sep 18, 2022 3:53pm
W1
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People don't plan to lose. They lose because they don't plan.
  • #685,158
  • Sep 18, 2022 3:54pm Sep 18, 2022 3:54pm
H4
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People don't plan to lose. They lose because they don't plan.
  • #685,159
  • Sep 18, 2022 3:57pm Sep 18, 2022 3:57pm
Inserted Video
POSTMASTER
  • #685,160
  • Sep 18, 2022 3:59pm Sep 18, 2022 3:59pm
Aaaannnddd monthly fireworks
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People don't plan to lose. They lose because they don't plan.
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