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Cable Update (GBPUSD)

  • #685,901
  • Sep 20, 2022 12:08pm Sep 20, 2022 12:08pm
Dual scenarios for the last 8 trade days of this September...

✓Should 1.1350 hold, expect a sharp bounce to 1.1850
✓Should 1.1737 hold, expect more drop to 1.1207

Pay very close attention to 1.1550
Below 1.1550 means 1.1207
Above 1.1550 means 1.1850...

For tomorrow fomc
Expect between 130 - 200 pips movement

Application clues
*Sell to 1.1270 as far as 1.1460 holds (stop loss at 1.1463)
*Buy to 1.1510 as far as 1.1350 holds (stop loss at 1.1347)

Choose wisely... And remember that there is no obligation to follow.

Cheers,
George
Data + Stat + Risk/Emotions Management
  • #685,902
  • Sep 20, 2022 12:11pm Sep 20, 2022 12:11pm
Quoting Mitiblotch
It appears this will keep heading lower towards 1350 at least. I have closed two hedge shorts. Entered another hedge short at 1394 which I will bank at 1370 and call it a day. With that I will be in good net profit for the day. Price is now firmly below the daily pivot. Let's keep it falling. Crazy day!
Close my short at 1380 instead. It missed my TP for 1 pip. So finally I am positive for the day! Good day!
  • #685,903
  • Sep 20, 2022 12:17pm Sep 20, 2022 12:17pm
Quoting donfriday
1.1475 or 1.1325 Let go


MY OPINION NOT FINANCIAL ADVISE
  • #685,904
  • Sep 20, 2022 12:27pm Sep 20, 2022 12:27pm
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #685,905
  • Sep 20, 2022 12:28pm Sep 20, 2022 12:28pm
Quoting Georginson
Dual scenarios for the last 8 trade days of this September... ✓Should 1.1350 hold, expect a sharp bounce to 1.1850 ✓Should 1.1737 hold, expect more drop to 1.1207 Pay very close attention to 1.1550 Below 1.1550 means 1.1207 Above 1.1550 means 1.1850... For tomorrow fomc Expect between 130 - 200 pips movement Application clues *Sell to 1.1270 as far as 1.1460 holds (stop loss at 1.1463) *Buy to 1.1510 as far as 1.1350 holds (stop loss at 1.1347) Choose wisely... And remember that there is no obligation...

a lil similar to mine


should 1.12 fail thats a move to 1.1750 to 1.18 for me but a touch of 1.1625
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MY OPINION NOT FINANCIAL ADVISE
  • #685,906
  • Sep 20, 2022 12:39pm Sep 20, 2022 12:39pm
USDX has crossed the 110 threshold again. It will be interesting to see where this goes to support some of the lows forecast for currencies paired with the dollar!
  • #685,907
  • Sep 20, 2022 12:45pm Sep 20, 2022 12:45pm
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yes yes yes
  • #685,908
  • Sep 20, 2022 12:49pm Sep 20, 2022 12:49pm
After a short rise, the pound fell again. And so far I see no signs that the GBPUSD would rise.
  • #685,909
  • Sep 20, 2022 12:52pm Sep 20, 2022 12:52pm
Quoting DrDave
{quote} More likely to break below. That yellow trendline that I put on H1 is also the H2 going down, which is likely part of an H8 pullback, not part of an up continuation.
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IMT rarely steers me in the wrong direction.
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To free Gazans of Hamas, use whatever it takes.
  • #685,910
  • Sep 20, 2022 12:53pm Sep 20, 2022 12:53pm
I agree, feels like it's heading south...
  • #685,911
  • Sep 20, 2022 1:00pm Sep 20, 2022 1:00pm
Im holding long 1.1388 with a smile.

good night folks!
  • #685,912
  • Sep 20, 2022 1:02pm Sep 20, 2022 1:02pm
Quoting Georginson
Dual scenarios for the last 8 trade days of this September... ✓Should 1.1350 hold, expect a sharp bounce to 1.1850 ✓Should 1.1737 hold, expect more drop to 1.1207 Pay very close attention to 1.1550 Below 1.1550 means 1.1207 Above 1.1550 means 1.1850... For tomorrow fomc Expect between 130 - 200 pips movement Application clues *Sell to 1.1270 as far as 1.1460 holds (stop loss at 1.1463) *Buy to 1.1510 as far as 1.1350 holds (stop loss at 1.1347) Choose wisely... And remember that there is no obligation...
What does and mean?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #685,913
  • Sep 20, 2022 1:09pm Sep 20, 2022 1:09pm
Triple bottom? Holding all longs underwater, will add more if ..
People don't plan to lose. They lose because they don't plan.
  • #685,914
  • Sep 20, 2022 1:09pm Sep 20, 2022 1:09pm
Gbpjpy long above 163.300, short below
  • #685,915
  • Sep 20, 2022 1:16pm Sep 20, 2022 1:16pm
Quoting Yngwie
1335
Almost there
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #685,916
  • Sep 20, 2022 1:20pm Sep 20, 2022 1:20pm
Quoting Georginson
Dual scenarios for the last 8 trade days of this September... ✓Should 1.1350 hold, expect a sharp bounce to 1.1850 ✓Should 1.1737 hold, expect more drop to 1.1207 Pay very close attention to 1.1550 Below 1.1550 means 1.1207 Above 1.1550 means 1.1850... For tomorrow fomc Expect between 130 - 200 pips movement Application clues *Sell to 1.1270 as far as 1.1460 holds (stop loss at 1.1463) *Buy to 1.1510 as far as 1.1350 holds (stop loss at 1.1347) Choose wisely... And remember that there is no obligation...
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW3.png Size: 25 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #685,917
  • Sep 20, 2022 1:20pm Sep 20, 2022 1:20pm
Attached Image (click to enlarge)
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yes yes yes
  • #685,918
  • Sep 20, 2022 1:21pm Sep 20, 2022 1:21pm
Quoting TooSlow
{quote} What does and mean?
They are just used as bullet point for emphasis...
Data + Stat + Risk/Emotions Management
  • #685,919
  • Sep 20, 2022 1:25pm Sep 20, 2022 1:25pm
Notice DXY respecting 110
"Exchange of hands"
  • #685,920
  • Sep 20, 2022 1:47pm Sep 20, 2022 1:47pm
Hold it !!!!!
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Crooky bulls trap
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yes yes yes
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