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Cable Update (GBPUSD)

  • #685,201
  • Sep 18, 2022 11:48pm Sep 18, 2022 11:48pm
I might opt out of trading today till NY session.
Volume might be low even during London session.
Exhausted
  • #685,202
  • Sep 18, 2022 11:49pm Sep 18, 2022 11:49pm
Quoting WizardTrade
This week will be like a roller coaster ride in the backdrop of several high impact news lined up. {image}{image} {image}
Speaking of which, do you have any methods of news trading? Can't seem to grasp how to trade news.
Exhausted
  • #685,203
  • Sep 19, 2022 12:03am Sep 19, 2022 12:03am
Hi all!
I buying GU now at RN 1.14 SL 30 TP 60
People don't plan to lose. They lose because they don't plan.
  • #685,204
  • Sep 19, 2022 12:19am Sep 19, 2022 12:19am
BUY GU and/or Sell UJ.
Position size depend on your plan!
More time in the market, does not mean you trade better!
  • #685,205
  • Sep 19, 2022 12:22am Sep 19, 2022 12:22am
Anybody can please tell me how to quote 2 posts in one comment?
More time in the market, does not mean you trade better!
  • #685,206
  • Sep 19, 2022 12:33am Sep 19, 2022 12:33am
Quoting Fardeen1209
Anybody can please tell me how to quote 2 posts in one comment?
Quoting Fardeen1209
Anybody can please tell me how to quote 2 posts in one comment?
Copy and paste
  • #685,207
  • Sep 19, 2022 12:36am Sep 19, 2022 12:36am
Go my wonderful bears and bring me the pips!
Risk Management is of utmost importance!
  • #685,208
  • Sep 19, 2022 12:38am Sep 19, 2022 12:38am
Bulls weak
If it breaks 1.13867.... I think it will go downhill
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
No pen no gen
  • #685,209
  • Edited 12:49am Sep 19, 2022 12:39am | Edited 12:49am
USD/JPY went up as expected. Yen will continue to weaken.
Price will most likely test 145 again this week.

As for the next week I would start preparing short positions. Once the price reaches 145 I'll go short with a smaller lot and start building from there.

Price will eventually reach 135 let alone 145..

As for the Pound, I'm really at loss what to expect here. Is 1.12 the end? 1.09,1,07? God knows..
  • #685,210
  • Sep 19, 2022 12:52am Sep 19, 2022 12:52am
Something to watch on the GJ daily chart:- Made strong turnaround on Sep 13 followed by 4 consecutive red bars, currently struggling to stay in the green on bar 5. Switching to H4 you will see that bar before current one ended in a doji. There's a solid support line at 162.99, if that's going to give way you can expect another red candle for the day. On H1 the move is sideways and totally erratic which shows a lot of uncertainty for the time being.
Don't be fooled by a sudden move in any direction, be patient, don't fight the trend and keep on watching any approach towards the support line.
  • #685,211
  • Sep 19, 2022 12:53am Sep 19, 2022 12:53am
Quoting OragonFx
Bulls weak If it breaks 1.13867.... I think it will go downhill {image}
There's a divergence at minute 5 and 15 chart, might reverse.
I'm gonna wait and see.
Exhausted
  • #685,212
  • Sep 19, 2022 12:54am Sep 19, 2022 12:54am
Quoting Bakker
Something to watch on the GJ daily chart:- Made strong turnaround on Sep 13 followed by 4 consecutive red bars, currently struggling to stay in the green on bar 5. Switching to H4 you will see that bar before current one ended in a doji. There's a solid support line at 162.99, if that's going to give way you can expect another red candle for the day. On H1 the move is sideways and totally erratic which shows a lot of uncertainty for the time being. Don't be fooled by a sudden move in any direction, be patient, don't fight the trend and keep on watching...
Yeah, you're right. Looks like consolidation for sure. Better not to trade it.
  • #685,213
  • Sep 19, 2022 12:57am Sep 19, 2022 12:57am
I would have thought that the meeting last week between Russia, China, Pakistan et el would have finally made the markets realize that the dollar is on the way out as the GRC.

But the world keeps buying it as if it's the most valuable asset in the world.
  • #685,214
  • Sep 19, 2022 12:57am Sep 19, 2022 12:57am
Quoting dantpm
{quote} {quote} Copy and paste
Thats the same posts. If i want 2 different posts? then how?
More time in the market, does not mean you trade better!
  • #685,215
  • Sep 19, 2022 1:00am Sep 19, 2022 1:00am
Had to apologize for something because I stated something that I found out to not be the case.. wish I saw it sooner so I could have told Robinhood. Anyway it's about CHF. I don't know why Forex Factory didn't forward the news from SNB back at Jackson Hole that they are going to raise rates by 50bps (then considered). This is why CHF appreciated so much these last days. Again Forex Factory is to blame for this because it failed to deliver crucial news from SNB on which traders could have made some very easy pips if they knew about it. Unfortunately they already priced it in. 75bps should however still give boost to CHF because at the time 50bps rate hike was considered by SNB.
  • #685,216
  • Sep 19, 2022 1:00am Sep 19, 2022 1:00am
WISE man once told me ,
when price open below the pivot line , it's likely to go to daily s1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
Click to Enlarge Name: gu1.png Size: 17 KB
yes yes yes
  • #685,217
  • Sep 19, 2022 1:02am Sep 19, 2022 1:02am
Quoting Fardeen1209
{quote} Thats the same posts. If i want 2 different posts? then how?
Quoting Fardeen1209
{quote} Thats the same posts. If i want 2 different posts? then how?
Quoting Fardeen1209
{quote} Thats the same posts. If i want 2 different posts? then how?
Quoting Fardeen1209
{quote} Thats the same posts. If i want 2 different posts? then how?
Quoting Fardeen1209
{quote} Thats the same posts. If i want 2 different posts? then how?
like this
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-09-19 at 11-32-11 New Reply Cable Update (GBPUSD).png Size: 3 KB
  • #685,218
  • Sep 19, 2022 1:02am Sep 19, 2022 1:02am
Quoting WizardTrade
Waiting for a proper setup on tiny account to start minting money. My alternative views on GU this week: Bullish: Price breaks above 1.1447x we may land at 1.158xx. Bearish: Price breaks below 1.14 Psychological level we may land at 1.122xx
Playing out well
WARNING: This post warps space and time in its vicinity.
  • #685,219
  • Sep 19, 2022 1:03am Sep 19, 2022 1:03am
Quoting PatienceFx
{quote} {quote} {quote} {quote} {quote} like this {image}
Yeah i have been trying for 5 mins but no use
More time in the market, does not mean you trade better!
  • #685,220
  • Sep 19, 2022 1:04am Sep 19, 2022 1:04am
Quoting Elysion
{quote} There's a divergence at minute 5 and 15 chart, might reverse. I'm gonna wait and see.
Quoting TheWolf
{quote} Yeah, you're right. Looks like consolidation for sure. Better not to trade it.
Quoting MrFanciful
I would have thought that the meeting last week between Russia, China, Pakistan et el would have finally made the markets realize that the dollar is on the way out as the GRC. But the world keeps buying it as if it's the most valuable asset in the world.
multi quote like this
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