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Cable Update (GBPUSD)

  • #687,401
  • Sep 23, 2022 8:47am Sep 23, 2022 8:47am
Quoting Georginson
{quote} Yearly so far has done 2850 pips third only to year 2016 and year 2008/2009... Monthly has done 850 pips highest monthly range since March 2020... Weekly has done 562 pips, highest weekly range since March 2020... Daily has done 375 pips highest daily range since June 16 year 2022... Nothing more to analyse again... Can't call long can't call short. This is extraordinary.
Thank you so much. These are times when statistics of ranges don't matter anymore. They violate them at will. Long live king dollar. Let's drag everything to 0.0000 and start afresh.
  • #687,402
  • Sep 23, 2022 8:47am Sep 23, 2022 8:47am
Quoting Georginson
{quote} Yearly so far has done 2850 pips third only to year 2016 and year 2008/2009... Monthly has done 850 pips highest monthly range since March 2020... Weekly has done 562 pips, highest weekly range since March 2020... Daily has done 375 pips highest daily range since June 16 year 2022... Nothing more to analyse again... Can't call long can't call short. This is extraordinary.
I like this my guy. This is dumbfounding, tho it's all in the charts
  • #687,403
  • Sep 23, 2022 8:47am Sep 23, 2022 8:47am
Quoting Georginson
A quick poll that requires everyone input just for fun and preparation for the rest of September... 1.1147 or 1.1905 which one will happen first This September? Poll closes Sunday Night before market open...
Congratulations Waveskyy... And others that went for 1.1147... even smashed it by almost 3 more cents... 1.11 looked unthinkable to some traders as at time of simulation but hey... Here we are at 1.09... the market is capable of doing the unthinkable... 1.05 long term projection now looking like a reality...

Quoting Jolita
{quote} My vote was winning vote last time. For September my vote goes too 1.1905, reasoning GU will follow direction of BTC, Oil, GOLD, which I think will drive up shortly, CPI data next week. Brilliant poll, thanks Georginson
The consecutive run of being right comes to an abrupt end... We will do another poll and I'm sure you will still be right again next time...
Data + Stat + Risk/Emotions Management
  • #687,404
  • Sep 23, 2022 8:57am Sep 23, 2022 8:57am
Finally dxy headed towards 114 and GU 1.07. Cancelled my buy orders at 1.08 area for a renewed buys at 1.07 area.
  • #687,405
  • Sep 23, 2022 8:57am Sep 23, 2022 8:57am
Quoting emmanuel7788
{quote} 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. {image}
Please can you share indicator in the second window. Thank you in advance
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #687,406
  • Sep 23, 2022 9:02am Sep 23, 2022 9:02am
Into a hedge now on the 5 min . Possible down again
  • #687,407
  • Sep 23, 2022 9:02am Sep 23, 2022 9:02am
Usdx has reached my monthly resistance 2 at 112.417. Have not seen this in years.
We shall see from here going into month end.
Cheers.
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Trade to trade another day
  • #687,408
  • Sep 23, 2022 9:06am Sep 23, 2022 9:06am
Quoting DailyChart
Enjoy the night and short till NY Close In 4H {image}
Party Time
Nitez all
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  • #687,409
  • Sep 23, 2022 9:15am Sep 23, 2022 9:15am
Quoting tommydoginti
{quote} you get the point. I agreed with you so I got out {image}
I still find it difficult to understand how people can enter buys when not even the M5 TF was in an uptrend.
To free Gazans of Hamas, use whatever it takes.
  • #687,410
  • Sep 23, 2022 9:15am Sep 23, 2022 9:15am
Quoting razoredge22
{quote} Doing great on GU here the after from h4 reentry yesterday {image} {image}
after 13 hours, finally printed another momentum sell.

still holding my previous reentry sell position.

Now just wait for next sell opportunities probably daily reentry sell setup.

Have great weekend everyone !
Attached Image (click to enlarge)
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fall seven times, stand up eight.
  • #687,411
  • Sep 23, 2022 9:21am Sep 23, 2022 9:21am
Still looking for 111 for another short to go below 107
Insane in the Brain..
  • #687,412
  • Sep 23, 2022 9:22am Sep 23, 2022 9:22am
Back @ desk updating charts ....I think a few got burnt today/recently but re today, - something changed re the Uk fundamentals in an already bearish /bullish $ market caused by both the Uk and underlying geo-political fundamentals. The new Uk Truss Govt's first 'mini' budget upended economic orthadoxy that had been in place for a long time, for a 'bet the farm' shit or bust gamble on so-called trickle-down economics. Whether this is the right or wrong policy is not the question here for traders, (although interesting.) We as traders should have recognized today that this was different, it was a real change not tinkering around the edges, and that the market was giving it's reaction in this and other trading instruments/asset classes.
Trader with an Edge.
  • #687,413
  • Sep 23, 2022 9:26am Sep 23, 2022 9:26am
Quoting MrFanciful
{quote} I'm constantly thinking that trends come to an end. I can't stop it. I've even learned C# to code a custom indicator that plots a slope along a moving average and the slopes value. If it's positive over a certain number or negative over a certain number, it literally displays a message of the top and bottom of my chart window that I can only take long or short positions. Still think that the trend is bottoming and trade against it. I don't know how to stop. {image}
Why add such complications (that likely won't be of much help, anyway) when you can simply look at small TFs and WITH YOUR OWN EYES see if they have gone into an uptrend. If yes, then the down trend has definitely bottomed and is up for EVERY TF below that.
To free Gazans of Hamas, use whatever it takes.
  • #687,414
  • Sep 23, 2022 9:27am Sep 23, 2022 9:27am
Many analysts were saying that if Truss becomes PM then Pound will fall. Is this the end of that fall or further fall is coming?
  • #687,415
  • Sep 23, 2022 9:29am Sep 23, 2022 9:29am
Quoting Pat Chiko
{quote} Last Bus Stop ? {image}
GU
Last bus stop for the week ?.
I Want to see lower next week.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,416
  • Sep 23, 2022 9:32am Sep 23, 2022 9:32am
Quoting DrDave
{quote} I still find it difficult to understand how people can enter buys when not even the M5 TF was in an uptrend.
Still not reaching bottom.

Needa sleep. Can’t wait for the next dramatic move so just leave it there to hit SL or run. Good night
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  • #687,417
  • Sep 23, 2022 9:33am Sep 23, 2022 9:33am
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careful here stop hunt could play out
  • #687,418
  • Sep 23, 2022 9:36am Sep 23, 2022 9:36am
What pushed the drop by the way? I was expecting a pullback before it goes down further.
"No trade is still a trade." - Peter Borish
  • #687,419
  • Sep 23, 2022 9:37am Sep 23, 2022 9:37am
Quoting Pat Chiko
{quote} GU Last bus stop for the week ?. I Want to see lower next week.{image}
GU

End of scalping

Attached Image (click to enlarge)
Click to Enlarge Name: gu 104.jpg Size: 235 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,420
  • Sep 23, 2022 9:38am Sep 23, 2022 9:38am
Thats it 400 pip drop today.............we made we lost we made again .........hoping for .945 before the bell rings
average dude treading water
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