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Cable Update (GBPUSD)

  • #686,461
  • Sep 22, 2022 2:03am Sep 22, 2022 2:03am
i will wait
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  • #686,462
  • Sep 22, 2022 2:04am Sep 22, 2022 2:04am
I think that UJ buyers are tempting fate with this relentless push up. I have placed a Sell Stop at 144.850.....just in case! I'll remove it if the candles creep down, but if it drops suddenly because of intervention, I might catch something.
I am neither brave nor stupid...I am just a part time trader
  • #686,463
  • Sep 22, 2022 2:05am Sep 22, 2022 2:05am
Quoting Theoak
{quote} I'm already in, but if it breaks these lows, it could do another 30 pips. it's got to bounce surely. London open in 15 mins they will sort it out!
I think this is going lower!!! BOE have got to do something!! Surely!!!
Don't trade what you think. Just what you see!!!
  • #686,464
  • Sep 22, 2022 2:06am Sep 22, 2022 2:06am
Quoting Theoak
{quote} I think this is going lower!!! BOE have got to do something!! Surely!!!
relax, drink glass of water
  • #686,465
  • Sep 22, 2022 2:06am Sep 22, 2022 2:06am
Quoting Theoak
{quote} I'm already in, but if it breaks these lows, it could do another 30 pips. it's got to bounce surely. London open in 15 mins they will sort it out!
actually is 1H.15M
  • #686,466
  • Sep 22, 2022 2:08am Sep 22, 2022 2:08am
Quoting Fardeen1209
{quote} Mate, Can you please explain what is REE and CSM? Thanx. Hope to hear from you soon
REE = Re-Entry
CSM = Candle Stick Momentum
Its BBMA code...
If there is CSM (candle that closed outside BB) you have to look for REE level at 5MA/10MA high if csm sell, REE level at 5MA/10MA low if csm buy...
"bad trades at times do happen even when the set up are good"
  • #686,467
  • Sep 22, 2022 2:13am Sep 22, 2022 2:13am
Quoting Whale
{quote} relax, drink glass of water
I have a long on here based on the BOE / Government doing something. They can't just sit there and twiddle their thumbs!
Don't trade what you think. Just what you see!!!
  • #686,468
  • Sep 22, 2022 2:14am Sep 22, 2022 2:14am
Quoting spijack
{quote} REE = Re-Entry CSM = Candle Stick Momentum Its BBMA code... If there is CSM (candle that closed outside BB) you have to look for REE level at 5MA/10MA high if csm sell, REE level at 5MA/10MA low if csm buy...
Thanx mate
More time in the market, does not mean you trade better!
  • #686,469
  • Sep 22, 2022 2:19am Sep 22, 2022 2:19am
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yes yes yes
  • #686,470
  • Sep 22, 2022 2:20am Sep 22, 2022 2:20am
Quoting Indiara
I think that UJ buyers are tempting fate with this relentless push up. I have placed a Sell Stop at 144.850.....just in case! I'll remove it if the candles creep down, but if it drops suddenly because of intervention, I might catch something.
If there is intervention. Will not the spread widen that much that it would take your stops anyway?
Don't trade what you think. Just what you see!!!
  • #686,471
  • Sep 22, 2022 2:22am Sep 22, 2022 2:22am
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  • #686,472
  • Sep 22, 2022 2:23am Sep 22, 2022 2:23am
Quoting dantpm
Dollar index seems to be interested in setting new highs right now. BOE is supposed to come out with an interest rate change tomorrow. I doubt that it will be 50 basis points as was forecast.
My guess wil be much higher this time. Economy needs lifting at a large scale. Could be by an increase by 1%, up to 2.5%,.
I could be wrong, but as they say is really needed.
  • #686,473
  • Sep 22, 2022 2:24am Sep 22, 2022 2:24am
Quoting Theoak
{quote} If there is intervention. Will not the spread widen that much that it would take your stops anyway?
Yes, that's a possibility to think about, for real. I suppose if they do carry out their threat to intervene, things could get wild.
I am neither brave nor stupid...I am just a part time trader
  • #686,474
  • Sep 22, 2022 2:26am Sep 22, 2022 2:26am
G/M, new post fomc lows made in Asian session and then in early London - 1211 the new current yrly lo. Dly S1 just below that @/around 1207.
Trading blind re potential support below that current yrly lo really.

1hr below
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Trader with an Edge.
  • #686,475
  • Sep 22, 2022 2:27am Sep 22, 2022 2:27am
If BOJ was to intervene, i think it will be in the area 146-147 region where the Japanese hedge funds/mutual funds/pension funds can position themselves first.
Then we might see 143 support or below around 140.5 depending on how much BOJ want to support the YEN.

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May be next week real action with some verbal preparation for tomorrow Asia.
Remember to always follow the money.
More time in the market, does not mean you trade better!
  • #686,476
  • Sep 22, 2022 2:31am Sep 22, 2022 2:31am
Quoting Fardeen1209
If BOJ was to intervene, i think it will be in the area 146-147 region where the Japanese hedge funds/mutual funds/pension funds can position themselves first. Then we might see 143 support or below around 140.5 depending on how much BOJ want to support the YEN. {image} May be next week real action with some verbal preparation for tomorrow Asia. Remember to always follow the money.
Japan is heavily dependent on oil, oil prices define jap economy, so any boj intervention will be dependent on oil prices
  • #686,477
  • Sep 22, 2022 2:38am Sep 22, 2022 2:38am
Don't believe everything you read......including this post
  • #686,478
  • Sep 22, 2022 2:39am Sep 22, 2022 2:39am
I am still not well since yesterday.

Feeling sick.

So closed all.

Taken medicines.

If feeling ok, i will come back for rate decision.
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Intraday only.
  • #686,479
  • Sep 22, 2022 2:40am Sep 22, 2022 2:40am
neiled it
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yes yes yes
  • #686,480
  • Sep 22, 2022 2:41am Sep 22, 2022 2:41am
Quoting Fardeen1209
If BOJ was to intervene, i think it will be in the area 146-147 region where the Japanese hedge funds/mutual funds/pension funds can position themselves first. Then we might see 143 support or below around 140.5 depending on how much BOJ want to support the YEN. {image} May be next week real action with some verbal preparation for tomorrow Asia. Remember to always follow the money.
147.65 next resistance.
When BOJ intervene fal will be fast and steady daily drop one way direction, over 1000 pips for sure. I was lucky to ride ones on their intervention.

Go with them, not against them.
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