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Cable Update (GBPUSD)

  • #687,161
  • Sep 23, 2022 6:07am Sep 23, 2022 6:07am
Quoting Headland
...223pip drop (so far) today from the current dly hi...184% 30day adr....longer-term £ bulls may be encouraged that dly/wkly/mthy adr's are all well exceeded which means there could be at least a pullback due? Bears rampant atm though! see below {image} {image}
my chart shows 253.3 pips drop today.

NY yet to open
Intraday only.
  • #687,162
  • Sep 23, 2022 6:07am Sep 23, 2022 6:07am
do not try this at home
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 10 KB
  • #687,163
  • Sep 23, 2022 6:09am Sep 23, 2022 6:09am
Quoting ForexGoose
cable still looks bearish after the FED i sold from 1.133, stop above 1.138, target is 1.127 and under
1.10 is where I take profit
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #687,164
  • Sep 23, 2022 6:09am Sep 23, 2022 6:09am
Quoting Indiara
This is amazing to see. Is history. I can't trade this, best for me to stay out and keep my pips safe. I can't stop watching though!
being sideline also a win situation,
specially market is moving ,
if short , where you expect to set stop? Easy to get hunt while train moving.
if buy, clearly downtrend, where or when is bull really step in ?
the best thing to do now is do nothing. IMO， i waiting pullback to go short but not now , maybe next week. Or structure change for long.
enjoy the show now.
PA Return Today: 0.3%
  • #687,165
  • Sep 23, 2022 6:10am Sep 23, 2022 6:10am
Quoting PatienceFx
do not try this at home {image}
I entered long too but smaller lot size till i see potential bull moves
Exhausted
  • #687,166
  • Sep 23, 2022 6:11am Sep 23, 2022 6:11am
I need to steer my way out of this predicament

Attached Image (click to enlarge)
Click to Enlarge Name: 41E6C7EA00000578-4654428-image-a-63_1498828427910.jpg Size: 70 KB
  • #687,167
  • Sep 23, 2022 6:12am Sep 23, 2022 6:12am
Say hello to the neighbors

Attached Image (click to enlarge)
Click to Enlarge Name: Lophius-anglerfish-snacking-on-a-cod.jpg Size: 349 KB
  • #687,168
  • Sep 23, 2022 6:13am Sep 23, 2022 6:13am
Damn thing is going up… come down GU let’s see below parity
Insane in the Brain..
  • #687,169
  • Sep 23, 2022 6:14am Sep 23, 2022 6:14am
Quoting LeongPuiy
{quote} being sideline also a win situation, specially market is moving , if short , where you expect to set stop? Easy to get hunt while train moving. if buy, clearly downtrend, where or when is bull really step in ? the best thing to do now is do nothing. IMO， i waiting pullback to go short but not now , maybe next week. Or structure change for long. enjoy the show now.

I agree. I have to enjoy my coffee and watch history being made. Is impossible to be involved in GU now
I am neither brave nor stupid...I am just a part time trader
  • #687,170
  • Sep 23, 2022 6:18am Sep 23, 2022 6:18am
Quoting Indiara
{quote} I agree. I have to enjoy my coffee and watch history being made. Is impossible to be involved in GU now
Agree the bottom has been ended yet.. and going long is risky whisky shorts might not be worth the risk
Insane in the Brain..
  • #687,171
  • Sep 23, 2022 6:20am Sep 23, 2022 6:20am
Bought again at 1.1042, all target set at 1.1160.
Data + Stat + Risk/Emotions Management
  • #687,172
  • Sep 23, 2022 6:21am Sep 23, 2022 6:21am
Quoting BeeTogether
{quote} Agree the bottom has been ended yet.. and going long is risky whisky shorts might not be worth the risk

Yes, very dangerous to Buy this. Dangerous to Sell also.
I am neither brave nor stupid...I am just a part time trader
  • #687,173
  • Sep 23, 2022 6:22am Sep 23, 2022 6:22am
Quoting PatienceFx
do not try this at home {image}
+40 booked on those longs
  • #687,174
  • Sep 23, 2022 6:22am Sep 23, 2022 6:22am
Quoting Indiara
{quote} I agree. I have to enjoy my coffee and watch history being made. Is impossible to be involved in GU now

today is bears party ... and you can look for the M5 baby bulls party later

possible New York 9:20am Chicago 8:30am opening

and perhaps after London markets closed ... catch the Weekly candle shadow.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep23 bears party M5 wait 23-9-2022 7-18-58 pm.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #687,175
  • Sep 23, 2022 6:26am Sep 23, 2022 6:26am
support reached
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 15 KB
  • #687,176
  • Sep 23, 2022 6:28am Sep 23, 2022 6:28am
bears will be hunted!

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #687,177
  • Sep 23, 2022 6:31am Sep 23, 2022 6:31am
Im waiting for her to reach 1.11
Exhausted
  • #687,178
  • Sep 23, 2022 6:32am Sep 23, 2022 6:32am
So daily S3 is where it’s bouncing off at the moment will keep my SL at B/E as I see a further drop to below 110 today if SL hit all groovy go back in again lol
Insane in the Brain..
  • #687,179
  • Sep 23, 2022 6:32am Sep 23, 2022 6:32am
Quoting Indiara
This is amazing to see. Is history. I can't trade this, best for me to stay out and keep my pips safe. I can't stop watching though!

From AUG-DEC 2014 there were rumors that SNB will defend EURCHF at 1:1.20000. Come January 15(??) 2015 EURCHF dropped 27,000 pips to 0.740000 .......... OFFICIALLY.

4 hours it was raining money, it was as clear as day. I remember... I was drinking hot choco while my broker suspended my profits. There are limits to TP, I learned.

The spread was wobbling from 2,000-4,000 pips.

In my original screenshot (cant find it now, probably in old computer) the actual price went as low as 0.08000. But my current broker only displays upto 0.7400. Some of the brokers didn't honor the 0.75000 TP's.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.png Size: 11 KB
  • #687,180
  • Sep 23, 2022 6:32am Sep 23, 2022 6:32am
Quoting Indiara
{quote} I agree. I have to enjoy my coffee and watch history being made. Is impossible to be involved in GU now
wait for US PMI later , if it below 50 maybe some pullback from gu , if higher 50 maybe more drop.
just data view , i may wrong, just predict
PA Return Today: 0.3%
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