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Cable Update (GBPUSD)

  • #685,941
  • Sep 20, 2022 3:53pm Sep 20, 2022 3:53pm
Quoting Moty
waiting for the signal after price closed outside the band {image}
Hi Mate. Those classic 'reversal' candles closing outside the 20bol are for me the trigger for entry, - ie the close of the candle itself, if of course there is osc div/extremes and/or (preferably 'and') they occur @ a pre-identified potential supp/res/sbr/rbs zone on at least the next higher t/f which in this case was the prev 1hr x 3/4hr x 2/ minor dly sw lo zone = prev supp = pot supp.
--------------------------------------------
Right now that prev 1hr sw hi then lo zone= prev supp = pot sbr is the 1st potential upside obstacle on the 1hr+ t/f's.

1hr below
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Trader with an Edge.
  • #685,942
  • Sep 20, 2022 3:55pm Sep 20, 2022 3:55pm
Quoting Moty
waiting for the signal after price closed outside the band {image}
I have tried experimenting with two moving averages (I used the 5 and 8 ema) and the stochastic. Trade in the direction of the moving averages, after the stochastic (k and d) crosses and are pointing in the same direction or the moving averages. Get out if the moving averages cross or the stochastic crosses. Ignore touches.
The stochastic that I use also has an ADX indicator on it. Don't bother with this if the ADX is less than 20.
  • #685,943
  • Sep 20, 2022 3:57pm Sep 20, 2022 3:57pm
Price is also below 1.14! Really pay attention with those longs!
  • #685,944
  • Sep 20, 2022 4:00pm Sep 20, 2022 4:00pm
Quoting TheWolf
Price is also below 1.14! Really pay attention with those longs!
Hopefully tonight Asia will start some good down moves. Hopefully!
  • #685,945
  • Sep 20, 2022 4:03pm Sep 20, 2022 4:03pm
Quoting Mitiblotch
{quote} Hopefully tonight Asia will start some good down moves. Hopefully!
Not to mention that there are even more traders long now (over 80%)! Pound is going down.
  • #685,946
  • Sep 20, 2022 4:06pm Sep 20, 2022 4:06pm
Quoting KareemAliFx
I’m holding my Gbpusd shorts into this week I expect the US stock market to continue to decline and this will pump usd hard leading to the feds meeting on Wednesday. Happy pips this week guys
Just dead on the money I’m so good I astound myself !
Master your mind. Master Trading.
  • #685,947
  • Sep 20, 2022 4:12pm Sep 20, 2022 4:12pm
https://www.cbc.ca/news/canada/toron...ions-1.6583982
  • #685,948
  • Sep 20, 2022 4:41pm Sep 20, 2022 4:41pm
Latest to add to recent chaos:

Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ?

Biden sugested to remove Russia from United Nations

Putin postponed referendum

GU lower magnetic zones still in play.
  • #685,949
  • Sep 20, 2022 4:48pm Sep 20, 2022 4:48pm
Quoting Jolita
Latest to add to recent chaos: Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ? Biden sugested to remove Russia from United Nations Putin postponed referendum GU lower magnetic zones still in play.
Wouldn't be surprised to see them throw the news from Putin right after Fed's rate hike takes place. Jolita, at least to me, tomorrow screams USD.
Also, since you mentioned her: Conspiracists have named new UK Prime Minister Liz Truss in their theory about the World Economic Forum's 'Great Reset'. ("Conspiracists" = people who can think on their own and are questioning things). Doesn't go without a saying: question everything, especially those things you are most certain about, that didn't come from your own observations, but rather was told to you by someone else.
  • #685,950
  • Sep 20, 2022 4:51pm Sep 20, 2022 4:51pm
So much fun ahead!

Very tempted to trade the opposite direction, especially EUCHF
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  • #685,951
  • Sep 20, 2022 5:04pm Sep 20, 2022 5:04pm
After so many hopes, we are getting close to reality. History repeats it's self.
Retail tries to ignore looking to the left, just in case it will be a different scenario this time, we doubt, but not money makers, banks or institutions.

20/50 Ema showed signs of change, guess just temporary.

Good luck for tomorrow.
Monthly
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  • #685,952
  • Sep 20, 2022 5:20pm Sep 20, 2022 5:20pm
Quoting dantpm
{quote} I have tried experimenting with two moving averages (I used the 5 and 8 ema) and the stochastic. Trade in the direction of the moving averages, after the stochastic (k and d) crosses and are pointing in the same direction or the moving averages. Get out if the moving averages cross or the stochastic crosses. Ignore touches. The stochastic that I use also has an ADX indicator on it. Don't bother with this if the ADX is less than 20.

I allways add stochastic on my chart, also EMA 20 & 50.
What is your reason using lower settings 5 and 8? Do you trade short tf?
  • #685,953
  • Sep 20, 2022 5:30pm Sep 20, 2022 5:30pm
Quoting Jolita
Latest to add to recent chaos: Liz Truss is cooking an unpopular plan to restore economy (bankers bonus increase /rate hikes) ? Biden sugested to remove Russia from United Nations Putin postponed referendum GU lower magnetic zones still in play.
The pro Russian areas of Ukraine are going to have a referendum on whether to join Russia. This will make any future attacks on them an attack on Russia and THEN Putin can declare war on Ukraine/NATO.
  • #685,954
  • Sep 20, 2022 5:35pm Sep 20, 2022 5:35pm
Quoting TheWolf
{quote} The pro Russian areas of Ukraine are going to have a referendum on whether to join Russia. This will make any future attacks on them an attack on Russia and THEN Putin can declare war on Ukraine/NATO.
A disaster, russians will be afraid to vote against. NATO can't step in. Not the right time Ukraine to hold referendum itself. Putin is throwing another granade to all.
  • #685,955
  • Sep 20, 2022 5:39pm Sep 20, 2022 5:39pm
Quoting Jolita
{quote} A disaster, russians will be afraid to vote against. NATO can't step in. Not the right time Ukraine to hold referendum itself. Putin is throwing another granade to all.
i dont understand why russain people are putting up with puttin i thot they woulda run him outta town by now. Suppose hes feeding them fake information
  • #685,956
  • Sep 20, 2022 5:45pm Sep 20, 2022 5:45pm
Apocalypse 401k: Billionaire economist Ray Dalio, founder of Bridgewater hedge fund, says predicted Fed hike of interest rates to 4.5% will crater stocks by a FIFTH and bring 'the economy down with it'

'I support a significant increase at our next meeting on September 20 and 21 to get the policy rate to a setting that is clearly restricting demand,' Waller said.
He said that the Fed will continue to take 'significant steps' to control policy and added that rate hikes may continue into early 2023.

https://www.dailymail.co.uk/news/art...cks-FIFTH.html
  • #685,957
  • Sep 20, 2022 5:55pm Sep 20, 2022 5:55pm
Bearish flags all over the board (same pattern Crude Oil).

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  • #685,958
  • Sep 20, 2022 6:03pm Sep 20, 2022 6:03pm
Quoting T721
{quote} i dont understand why russain people are putting up with puttin i thot they woulda run him outta town by now. Suppose hes feeding them fake information
Many opinions, manipulation, false promise. Sensitive matter.
Inteligent people flee the country long ago. P issued Russian Passports to Ukrainians or Russians living close to the border.
Even Ala Pugaciova spoke out against!
What can I say, he has no where to go and is determined to achieve his plans or destroy entire planet.
  • #685,959
  • Sep 20, 2022 6:06pm Sep 20, 2022 6:06pm
We cannot know what fake information is or isn't these days. It's on us to connect the dots if we really want to know what is going on in there. Perhaps Russians approve what Putin is doing and because of that they are not of out towns, perhaps they're not approving. Haven't been there so I wouldn't know. What I do know is that I neither believe the damn American main stream media nor the news from Russia. With time we'll see what is really going on in there. Also, I never trusted any God damn politician, so why should I start believing anything they have to say now? I say fuc' them all! None of them actually gives the slightest shit about their people. Politicians in Germany are so God damn retar'ed that they will risk having no gas this winter just to sanction Russia who is the main provider of it to them. How fuc'ing stupid do you have to be to not understand that you shouldn't be screwing with the very same people that are keeping you alive? And of course, it's German ordinary people that will face consequences for retar'ed actions by their corrupted and stupid goverment.
  • #685,960
  • Sep 20, 2022 6:40pm Sep 20, 2022 6:40pm
Quoting TheWolf
We cannot know what fake information is or isn't these days. It's on us to connect the dots if we really want to know what is going on in there. Perhaps Russians approve what Putin is doing and because of that they are not of out towns, perhaps they're not approving. Haven't been there so I wouldn't know. What I do know is that I neither believe the damn American main stream media nor the news from Russia. With time we'll see what is really going on in there. Also, I never trusted any God damn politician, so why should I start believing anything...
we're fine, Ukrainians give their lives instead.
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