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Cable Update (GBPUSD)

  • #687,541
  • Sep 24, 2022 4:21am Sep 24, 2022 4:21am
Iran is very near to revolution
Pray for iran
#Mahsa_amini
  • #687,542
  • Sep 24, 2022 4:23am Sep 24, 2022 4:23am
Quoting anjela
Iran is very near to revolution Pray for iran #Mahsa_amini
explain plz?
  • #687,543
  • Sep 24, 2022 4:30am Sep 24, 2022 4:30am
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}


good to have u in this thread, ur knowledge is top notch.
MY OPINION NOT FINANCIAL ADVISE
  • #687,544
  • Sep 24, 2022 4:35am Sep 24, 2022 4:35am
Quoting nAVIN2007
{quote} u saying this sum bitch is going to 1.03?
Hello Navin, the next is 1.05 actually... But a bounce to 1.11 may happen before 1.05 then shoot to 1.27... Pound is the real definition of son of a bitch...

Quoting donfriday
{quote} good to have u in this thread, ur knowledge is top notch.
Thanks mate, it's good to have you here too.
Data + Stat + Risk/Emotions Management
  • #687,545
  • Sep 24, 2022 4:39am Sep 24, 2022 4:39am
Quoting nAVIN2007
{quote} explain plz?
A girl named Mahsa Amini was arrested due to the hijab laws in Iran last week and was killed by the moral security police.
People came to the streets in protest. Mehsa Amini became an excuse for people to sue for all their violated rights. Now it seems that Iran is on the verge of a real revolution.
Trade to enjoy... Money is after!
  • #687,546
  • Edited 5:00am Sep 24, 2022 4:43am | Edited 5:00am
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...
I expected a drop but i never saw this kind of drop, learned a few thing, market will go where it is going and it is possible to forecast it, I think we can go slightly lower but not more that 200 pips..then it will rise like crazy (but i understand this is wishful thinking also

always use a stop loss cause not having it stops u from seeing opportunities, also the market is trying to catch your stop loss, we are hunted, this is definite. Emotionally i was not ready to profit by selling once the war between Russia/Ukraine started, I had this thinking people are being killed and i would be benefiting from it, and I did not like it. I then thought well if it falls i can profit on the way up..but i never saw this kind of fall, this quick
The good! The fall has been quick, swop fees could have been massive and make no mistake this is an extreme

We have to condition ourselves to see out our plan, regardless of what happen afterwards ie war in this case. Why is UK in this mess? strong dollar and inflation, and FED manipulation (mostly)
  • #687,547
  • Sep 24, 2022 4:44am Sep 24, 2022 4:44am
Quoting saninvestor
{quote} A girl named Mahsa Amini was arrested due to the hijab laws in Iran last week and was killed by the moral security police. People came to the streets in protest. Mehsa Amini became an excuse for people to sue for all their violated rights. Now it seems that Iran is on the verge of a real revolution.
very sad, be safe
  • #687,548
  • Sep 24, 2022 4:53am Sep 24, 2022 4:53am
Quoting nAVIN2007
{quote} u saying this sum bitch is going to 1.03?

in the begining of 4th Q

i am expecting a bounce from 1.07 to 1.1275

we had this similar trend in the begining of 3rd Q when price bounce from 1.17


my view now remain that in october we would see the 2022 low near 1.05 the next crash is projected to happen at 1.27
MY OPINION NOT FINANCIAL ADVISE
  • #687,549
  • Sep 24, 2022 5:01am Sep 24, 2022 5:01am
tony u see
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  • #687,550
  • Sep 24, 2022 5:25am Sep 24, 2022 5:25am
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1.07 to 1.05 is the key rejection
MY OPINION NOT FINANCIAL ADVISE
  • #687,551
  • Sep 24, 2022 5:35am Sep 24, 2022 5:35am
The way UK govt is acting and doing, is there any chance for a downgraded in UK credit rating?
More time in the market, does not mean you trade better!
  • #687,552
  • Sep 24, 2022 6:33am Sep 24, 2022 6:33am
Quoting martinez1
{quote} Please can you share indicator in the second window. Thank you in advance

here:

New FFx standard indicators
https://www.forexfactory.com/thread/...ard-indicators

I only use them a trading tools to to show multiple timeframes charts and to explain what I post.
This way I don't have to post so many charts of different timeframes.
Just on one screen , one chart shows all your selected standard indicators ...
and you have alerts on individual indicators on the chart timeframe too.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #687,553
  • Sep 24, 2022 6:39am Sep 24, 2022 6:39am
Quoting Fardeen1209
The way UK govt is acting and doing, is there any chance for a downgraded in UK credit rating?
for sure, I was listening to LBC radio yesterday, and there was an economist who actually thinks driving the pound to below parity would provide an opportunity to increase manufacturing, like china but london would become a shit hole

I always would say the queen would never allow it, but now she has gone
  • #687,554
  • Sep 24, 2022 6:43am Sep 24, 2022 6:43am
[quote=KareemAliFx;14150638]
Quoting Temujin
{quote} Surge next week ? {image}
  • #687,555
  • Edited 8:10am Sep 24, 2022 6:48am | Edited 8:10am
Quoting nAVIN2007
tony u see {image}
Yea Nav, to go there, I think we need to move from an inflationary environment to a deflationary one, which could happen for sure.
If you take the energy unit price cap set in the UK, I don't think the average person can afford it at the same consumption rate pre-2020.
The £2,500 cap is meaningless. The way to look at the cap is a minimum of 3.5times the 2019-20 bill.(electric went from 10p to 35p Unit in October)
Like a lot of Trussonomics the domestic cap level only really helps people who can afford it.
Domestic energy consumption should still fall off a cliff at that level.
However, I'm struggling with seeing inflation come down when she just blew £45 billon in tax cuts which have not been budgeted for +an estimated £10 billion a month to the energy company for excess profits.
A new quarter is coming, and the open is important, it could turn or it could be warning of world depression.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #687,556
  • Sep 24, 2022 6:56am Sep 24, 2022 6:56am
Quoting Bones
{quote} Yea, Nav, to go there, I think we need to move from an inflationary environment to a deflationary one, which could happen for sure. If you take the energy unit price cap set in the UK, I don't think the average person can afford it at the same consumption rate pre-2020. The £2,500 cap is meaningless. The way to look at the cap is a minimum of 3.5times the 2019-20 bill.(electric went from 10p to 35p Unit in October) Like a lot of Trussonomics the domestic cap level only really helps people who can afford it. Domestic energy consumption should...
there was trump, boris, puttin and now truss

flipping eck..
  • #687,557
  • Sep 24, 2022 7:15am Sep 24, 2022 7:15am
Weekly CFTC Position. Look at what the big guys doin in the futures.
Plan accordingly and follow the smart money!
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More time in the market, does not mean you trade better!
  • #687,558
  • Edited 9:39am Sep 24, 2022 7:15am | Edited 9:39am
Quoting nAVIN2007
{quote} I expected a drop but i never saw this kind of drop, learned a few thing, market will go where it is going and it is possible to forecast it, I think we can go slightly lower but not more that 200 pips..then it will rise like crazy (but i understand this is wishful thinking also always use a stop loss cause not having it stops u from seeing opportunities, also the market is trying to catch your stop loss, we are hunted, this is definite. Emotionally i was not ready to profit by selling once the war between Russia/Ukraine started, I had this...
Yes, the price was manipulated several times. Whenever the price was on a sensitive point of SR, there was a news that broke that area easily. We all know that we always behave strangely in the last 3 months of the year and it is possible to return to 1.25 & maybe 0.8000.
My text was not meant to question others & their analysis. I myself don't always analyze correctly & there are days when it is difficult for me to get out of losing trades. I also have a lot of mistakes
I am only happy in the end because it is my analysis & my mistakes. They are instructive for me & I have definitely changed & gained experience since I started trading. I am growing up
You have a big & beautiful soul. It is clear in your text. Your face looks like my brother(I haven't seen for years) that's why I messaged you, otherwise the best decision is always made by the trader himself.
I hope no one takes anything to heart. All of these are verbal communication & the analysis of all of them is valuable, regardless of whether they are right or wrong
Good luck as always
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There is nothing wrong with being kind & loving to each other
  • #687,559
  • Sep 24, 2022 7:38am Sep 24, 2022 7:38am
Price stopped moving down since NY close.

Big relief.

I have not seen in my trading career such big move.

434 pips.

Thank God i stopped trading once I achieved some money.

Had I continued to trade in NY session, the way i was trading ( long ) I too would have blown my account.

In this scenario, I would expect to see some pull back after finding support in 4hr candle.

Currently 1 hr is below, formed support.
Intraday only.
  • #687,560
  • Edited 8:11am Sep 24, 2022 7:54am | Edited 8:11am
Quoting Fardeen1209
Weekly CFTC Position. Look at what the big guys doin in the futures. Plan accordingly and follow the smart money! {image}
Hi, Great post, thanks. I think there are technical reasons to consider that there may be a sizeable pullback (that word will mean different things to different traders, depending on the t/f's of interest to them in their trading,) but overall, as far as we know, the new week will open with exactly the same fundamentals as Friday's close, unless something happens over the w/e to affect them, so whatever conclusion people have drawn from them and their likely affect on price going forward over whatsoever time horizon, remains the same.
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...below is how those with trade explorers on this site are positioned as of Friday's close,
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