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Cable Update (GBPUSD)

  • #687,521
  • Sep 23, 2022 5:12pm Sep 23, 2022 5:12pm
Quoting PatienceFx
{quote} TARGET 1.1116
that didn't went well.
  • #687,522
  • Sep 23, 2022 5:37pm Sep 23, 2022 5:37pm
[quote=Temujin;14150609]
Quoting Temujin
That was a BRUTAL collapse on Sterling today, wow. I was shocked and thought the website I was viewing must have been mistaken. Growth plan expected to fuel inflation. This weekend the issue be clarified before the open Sunday. GBP will surely surge this next week.
Surge next week ?
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Master your mind. Master Trading.
  • #687,523
  • Sep 23, 2022 5:58pm Sep 23, 2022 5:58pm
Quoting trumps
{quote} Are you seriously saying you have been holding longs since around 1.3750 back in Oct last year? The better strategy would have been to short, rather than buy a little, lot, huge and be in nearly 3000 pips drawdown.
Why would I hold longs from last year? What would I hold any trade longer than a few days or weeks tops? How me saying that 1.10 is a good place to start buying have anything to do with GU being 1.37 last year? I am lost...
Everyone can see the chart, but only a few can actually read it.
  • #687,524
  • Sep 23, 2022 6:22pm Sep 23, 2022 6:22pm
Quoting OnlineAddict
{quote} Why would I hold longs from last year? What would I hold any trade longer than a few days or weeks tops? How me saying that 1.10 is a good place to start buying have anything to do with GU being 1.37 last year? I am lost...
Because your post today saying "110, we are here", quotes a post of yours from October last year around 1.37 area, saying drop little, buy, little, drop lots buy lots, drop huge, buy huge. It sound like your are buying dips from 1.37 area, and are finally expecting to start seeing a return on those buys from 110.

I'm seeing now, your quoted post is just words to trade by rather than a reference point from last year.

My apologies good man
Compulsions can be hard to resist
  • #687,525
  • Sep 23, 2022 6:36pm Sep 23, 2022 6:36pm
another day
another loss because i still taking trades against my strategy
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yes yes yes
  • #687,526
  • Sep 23, 2022 6:49pm Sep 23, 2022 6:49pm
Quoting trumps
USD could see a wee drop to Resistance, turned support around 111XX next week. {image} {image}
In keeping with this, we could see a GU rise to 4hr resistance around the 1.12 region, before a potential drop below 1.07
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Compulsions can be hard to resist
  • #687,527
  • Sep 23, 2022 6:52pm Sep 23, 2022 6:52pm
Quoting nAVIN2007
{quote} I do not need strength i need this sum bitch to go up lose so far 9k {image}
This is not the first time i saw you hold loss like that,a few years ago also you did the same thing..never learn ? heh


anyway Morning all and good luck
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  • #687,528
  • Edited 8:33pm Sep 23, 2022 7:05pm | Edited 8:33pm
Quoting Headland
... I am surprised to read some of the comments today. Remember THE MARKET IS NEVER WRONG. It's action today is what it is, and can only be viewed as a big negative response to the Uk ' mini budget. ' In that sense it is entirely rational and logical because that budget, (a misnomer if ever there was one,) signaled a total sea-change to an economic orthodoxy that has been with us for some time here in the Uk. Some are comparing it to the 1972 budget under a then Conservative govt (Heath PM,) and we all know how that...
Well Said

Most of The human Problem is that we like to find excuses or fault’s in others , easy to blame others than look at our self. We need to tune our minds so that we can see everything from a broader perspective. This takes time, patience and most importantly, great will of mind
  • #687,529
  • Sep 23, 2022 7:22pm Sep 23, 2022 7:22pm
Quoting eyefeelsix
{quote} only twice the chance I see, the drama must be over lol {image}
indeed, third wave is crazy! Hope all is well..

the next level price looking for 1.0750 --- my waves updated :

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Have a nice weekend friends,

EFS
https://breakpullback.com
  • #687,530
  • Sep 23, 2022 7:43pm Sep 23, 2022 7:43pm
[quote=Temujin;14150609]
Quoting Temujin
That was a BRUTAL collapse on Sterling today, wow. I was shocked and thought the website I was viewing must have been mistaken. Growth plan expected to fuel inflation. This weekend the issue be clarified before the open Sunday. GBP will surely surge this next week.
very tempted to load the Pound, but better be not so sure...
They come together on Thursday to debate (not decide) a rate rise and how much to rise to rescue the Pound ... So still a lot of room for volatiity there. even with one day up, next day down, morning up afternoon down, they still have plenty of time to take your money... a very exciting week ahead...
  • #687,531
  • Sep 23, 2022 7:48pm Sep 23, 2022 7:48pm
Quoting Mitiblotch
Where is Georginson. I need your analysis on this year's range.
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Reed this:
Analysis: A quadrillion reasons the Bank of Japan should fret about Fed | Reuters

US interest rate 3.25% (subject to increase)
Japan rate is -0.10%

Calculate profit on dollar investment.
Not big science.
  • #687,532
  • Sep 23, 2022 10:01pm Sep 23, 2022 10:01pm
Quoting buffedmage
{quote} i dont trade in harmonics these days ,as it needs to be very accurate in measuring the moves ..if any error happens while measuring ..it would be a catastrophe ...i use Demand and supply zones and Fibonacci as confirmation
getting caught up on some post, but I think the real problem with harmonic patterns is they only use price. any pattern would need to be accurate but you could draw 1 harmonic pattern 1000 different ways with all the same exact ratios just by moving the pattern points to different times. imagine a very flat M shape, vs one that is very vertical. That's why people have tons of of inconsistencies. If you use time + price (basically doubling your ratios) but measuring both time and price your patterns are more consistent. i also use support and resistance with them. so those two things are really important to me. anyway i wouldn't recommend using harmonic patterns, look up something called xabcd patterns that use time and price and possibly consider something like that..
  • #687,533
  • Sep 23, 2022 10:03pm Sep 23, 2022 10:03pm
Quoting DailyChart
{quote} This is not the first time i saw you hold loss like that,a few years ago also you did the same thing..never learn ? heh anyway Morning all and good luck {image}
that looks like mud. lol
  • #687,534
  • Sep 23, 2022 10:07pm Sep 23, 2022 10:07pm
Quoting nAVIN2007
{quote} I do not need strength i need this sum bitch to go up lose so far 9k {image}
Shit. That's a whole lot my friend. It show would go up and vigorously too.
  • #687,535
  • Sep 23, 2022 10:11pm Sep 23, 2022 10:11pm
With the last hourly candle to be bearish I assume that we may see more bearish side next week i.e., at least 1.05xxx. Trade safe all. See you then.
WARNING: This post warps space and time in its vicinity.
  • #687,536
  • Sep 23, 2022 11:35pm Sep 23, 2022 11:35pm
Quoting nAVIN2007
{quote} I hope it dont go there..this is madness..we were at 1.4 not that long ago the euro is below parity..
I hope you don't see my words as interference.
The talk that we will have a return from 1.04 may not actually happen. Did we have a return to 1.3 and 1.4? All of us, myself included, expected a return when the price was at 1.28 & 1.26, I laughed at Whale's analysis, which said that the price may go down to 1.14. Because my analysis said we should at least retest to 1.3, which didn't happen at all and we are now at 1.08.(Of course, Whale believes that we can climb up to zone 1.2 by the end of the year, maybe he is right again!!) I hope you don't consider the analysis of friends who are not ready to share & explain (their analysis are not predicted). I hope that my line & lines will remain at the level of painting and the price will go to the range of 1.5. This is not unlikely
Do not judge others' words. No one really knows anything, and people who say we have a return & nothing else, &... I have seen many times before that their analyzes are wrong.
Of course, I have no opinion on whether it is bearish or bullish. Every day I trade whatever trend has formed. I don't know about the week & the next day either
My only word is this: do not use other people's words as criteria.
Of course, everyone here is a super professional trader & my words are like that of a kindergarten child
Whatever decision you make is definitely the right one. Do not doubt
Good luck mate
There is nothing wrong with being kind & loving to each other
  • #687,537
  • Sep 23, 2022 11:44pm Sep 23, 2022 11:44pm
Quoting RaHaG0D
{quote} I hope you don't see my words as interference. The talk that we will have a return from 1.04 may not actually happen. Did we have a return to 1.3 and 1.4? All of us, myself included, expected a return when the price was at 1.28 & 1.26, I laughed at Whale's analysis, which said that the price may go down to 1.14. Because my analysis said we should at least retest to 1.3, which didn't happen at all and we are now at 1.08.(Of course, Whale believes that we can climb up to zone 1.2 by the end of the year, maybe he is right again!!) I hope you...
So true
WARNING: This post warps space and time in its vicinity.
  • #687,538
  • Sep 23, 2022 11:45pm Sep 23, 2022 11:45pm
This pair is out of trends, shocking...
https://www.cnbc.com/2022/09/23/citi...cy-crisis.html
  • #687,539
  • Sep 24, 2022 12:44am Sep 24, 2022 12:44am
Hello guys, below is the historical data of GBPUSD to as far back as year 1974... I did lose 2% of my equities this week which prompted me to find out what's the all time low in order to know where my invalidation of holding on to my buy from 1.10 and 1.11 should be...

Post from July 10... Expecting 1.03 within 15 months, now here we are at 1.08... interesting... All time low at 1.0520 recorded February 25 year 1985...
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Data + Stat + Risk/Emotions Management
  • #687,540
  • Sep 24, 2022 4:08am Sep 24, 2022 4:08am
Quoting Georginson
Hello guys, below is the historical data of GBPUSD to as far back as year 1974... I did lose 2% of my equities this week which prompted me to find out what's the all time low in order to know where my invalidation of holding on to my buy from 1.10 and 1.11 should be... Post from July 10... Expecting 1.03 within 15 months, now here we are at 1.08... interesting... All time low at 1.0520 recorded February 25 year 1985... {image} {image} {image} {image} {image}
u saying this sum bitch is going to 1.03?
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