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Cable Update (GBPUSD)

  • #686,981
  • Sep 23, 2022 2:42am Sep 23, 2022 2:42am
Quoting dantpm
{quote} I am more of a look for signs that the bottom is in before getting into the trend and so what if I miss the first move kind of guy
No problem in missing some pips while patiently waiting for massive money
WARNING: This post warps space and time in its vicinity.
  • #686,982
  • Sep 23, 2022 2:42am Sep 23, 2022 2:42am
Quoting WizardTrade
{quote} Master Xi Fu is out
it was a good run, my stomach is full
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 23 KB
  • #686,983
  • Sep 23, 2022 2:43am Sep 23, 2022 2:43am
Quoting Chris_35
{quote} Please pass over the Sudacream
I hope a good recovery is in the making without that cream
WARNING: This post warps space and time in its vicinity.
  • #686,984
  • Sep 23, 2022 2:43am Sep 23, 2022 2:43am
Quoting dantpm
Still looking for an indication as to whether or not this is the bottom.
I think that we won't know where the bottom is until long after it has established an up trend. While the down trend is still alive, we have to respect it. Just my thoughts
I am neither brave nor stupid...I am just a part time trader
  • #686,985
  • Sep 23, 2022 2:44am Sep 23, 2022 2:44am
Quoting Indiara
{quote} I think so. USDX is so valuable for trading GU at the moment
Not just GU, everything with USD in the indicator! 'Conviction' in the USDX is at least as important as any sign in the actual pair!
  • #686,986
  • Sep 23, 2022 2:44am Sep 23, 2022 2:44am
Quoting PatienceFx
EU & GU shorts booked
Very nice!!!!
I am neither brave nor stupid...I am just a part time trader
  • #686,987
  • Sep 23, 2022 2:44am Sep 23, 2022 2:44am
Quoting PatienceFx
{quote} it was a good run, my stomach is full {image}
I am happy for you mate. Keep it coming.
WARNING: This post warps space and time in its vicinity.
  • #686,988
  • Sep 23, 2022 2:45am Sep 23, 2022 2:45am
Quoting france001
{quote} great trade, pat. was following trend the reason behind this trade ?
Hi France.

I only trade using Support & Resistance. ( primitive trading system)
Chart below shown my thought process on taking those trades.

Plus I've Waveskie and Wizard's help to the charting and trade decision.
They are good people here.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 094.jpg Size: 68 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #686,989
  • Sep 23, 2022 2:46am Sep 23, 2022 2:46am
Quoting dantpm
{quote} Not just GU, everything with USD in the indicator! 'Conviction' in the USDX is at least as important as any sign in the actual pair!
Yes indeed. Although UJ is dead quiet today!!
I am neither brave nor stupid...I am just a part time trader
  • #686,990
  • Sep 23, 2022 2:48am Sep 23, 2022 2:48am
Nearing the news
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
WARNING: This post warps space and time in its vicinity.
  • #686,991
  • Sep 23, 2022 2:49am Sep 23, 2022 2:49am
Quoting imohsin360
what a lovely perdition about cable on 12th Jan, 2020. Hats off to Sir Ashraf Laidi {image}
Old is Gold
Attached Image (click to enlarge)
Click to Enlarge Name: alaidi.png Size: 6 KB
  • #686,992
  • Sep 23, 2022 2:50am Sep 23, 2022 2:50am
G/M, slight up then down in Asian and a downside follow thru in early London session so far. New yrly lo established @ 1168/69. 1hr+ downtrends still in place. Uk PMI's to come.

Very little in the way of good news for £ lately. Doesn't mean there won't be technical 'relief' rallies or more.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Trader with an Edge.
  • #686,993
  • Sep 23, 2022 2:52am Sep 23, 2022 2:52am
Quoting dantpm
Still looking for an indication as to whether or not this is the bottom.
The bottom will be in when Saudi publicly makes a statement that thanks to the defense agreement they made with Russia the day after the US pulled out of Afghanistan, and that all 13 OPEC countries are part of Chinas Belt and Road Initiative, they're no longer trading their oil in dollars.

That's when the bottom falls out of the dollar.
  • #686,994
  • Sep 23, 2022 2:55am Sep 23, 2022 2:55am
Now we wait for news coming in 30 mins time.
Exhausted
  • #686,995
  • Sep 23, 2022 2:56am Sep 23, 2022 2:56am
UK mini budget starting in 35mins
  • #686,996
  • Sep 23, 2022 2:57am Sep 23, 2022 2:57am
Quoting PatienceFx
{quote} not so soon, READ BBC
I don't read BBC, I trade what I see. Thanks.
Data + Stat + Risk/Emotions Management
  • #686,997
  • Sep 23, 2022 2:57am Sep 23, 2022 2:57am
Quoting MrFanciful
{quote} The bottom will be in when Saudi publicly makes a statement that thanks to the defense agreement they made with Russia the day after the US pulled out of Afghanistan, and that all 13 OPEC countries are part of Chinas Belt and Road Initiative, they're no longer trading their oil in dollars. That's when the bottom falls out of the dollar.
Nah that will be when the US causes a coup in Saudi Arabia the same way they overturned governments in Iraq, Libya, Iran and more where people threatened to use currencies other than US $ for oil.
  • #686,998
  • Sep 23, 2022 2:58am Sep 23, 2022 2:58am
Quoting WizardTrade
{quote} Assume no bottom at the moment. Coz this beast have been doing a lot of damage to bottom thinkers
Just scalp the uptrends, until dollar finally gives up at top.
Exhausted
  • #686,999
  • Sep 23, 2022 2:59am Sep 23, 2022 2:59am
Quoting dantpm
{quote} Nah that will be when the US causes a coup in Saudi Arabia the same way they overturned governments in Iraq, Libya, Iran and more where people threatened to use currencies other than US $ for oil.
Might be tricky to fight given that to US Strategic Oil Reserve has been depleted to its lowest level since about 1982, I believe thats only 3 years after it was started.
  • #687,000
  • Edited 3:12am Sep 23, 2022 3:00am | Edited 3:12am
Autonomy of change of trend.
Example from GU Mar 2020.
Price formation will gives us the clue.

Keeping it simple by looking at price not indicator ( as they are lagged)
Attached Image (click to enlarge)
Click to Enlarge Name: change of direction.jpg Size: 99 KB


Look at the current formation of GU. Nothing break high yet.
RT is possible and continuation proceed after
Attached Image (click to enlarge)
Click to Enlarge Name: current status.jpg Size: 83 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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