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Cable Update (GBPUSD)

  • #687,641
  • Sep 25, 2022 9:26am Sep 25, 2022 9:26am
Quoting Jolita
{quote} We heard before richer get rich, mini budget just proved this. To most people 1% income tax will save circa £200 a year, plus NI £200.00. But then living costs are increasing (utilities etc.) While tax reduction fto higher earners will save thousands of pounds, cutting 5% earning over £150k. Labor isn't happy, willing to reverse the 5%. Stamp duty cut and tax free to first time buy to £250k is a good thing, will support house market a float.
good old UK. strong country with happy people

  • #687,642
  • Sep 25, 2022 10:17am Sep 25, 2022 10:17am
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  • #687,643
  • Sep 25, 2022 10:24am Sep 25, 2022 10:24am
Quoting Bainbrito
{quote} I think so too, it will be hard to push below 1.14 - although I am sure there is also enough liquidity there to supply fuel for a giant move down if that is on the agenda. At this level there could be a lot of sudden volatility, I hope is everyone trading with caution.
Many problems are because people trade what they think is going to happen rather than what is happening. Similarly, most price action is completely and utterly unimportant, the only important price action is that which confirms a change in trend. The only decisions are when to enter the trend, when to exit, and how much capital to risk. This is an extremely risky place to enter the trend as such big climactic action often signifies the end of a trend and shorts may be rapidly engulfed, however this trend can be seen from space at this point and going long is even riskier. Trade safe everyone.
  • #687,644
  • Edited 12:11pm Sep 25, 2022 11:29am | Edited 12:11pm
Quoting digger1
{quote} lol, holy shit , shouldnt you be fishing or something
Hey Dig...good to see you...thought you would own Michigan by now lol....never thought I would see Cable in this situation....going to be some nice coin made the next while...lol I think you should join us rather than trade that ugly yellow stuff. (unless its canola of course)
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  • #687,645
  • Sep 25, 2022 11:35am Sep 25, 2022 11:35am
Quoting venividivici
https://www.youtube.com/watch?v=UAhJPIH5-4Y
She is correct, pound entered meltdown stage and super inflated.
Thanks to new government.
Who is going to buy UK debt, gilts?
No one, we started following Greece scenario.
Will other banks intervene?
Doubt it,
Only dovish dollar could help, but for some reason dollar is gaining extreme powers.
  • #687,646
  • Sep 25, 2022 11:41am Sep 25, 2022 11:41am
GU: M1___Monthly...... Only RED.
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Intraday Trading is an Art _ hoda
  • #687,647
  • Edited 11:52pm Sep 25, 2022 12:52pm | Edited 11:52pm
Any Idea where we are goin this week?
Last week of the Month & Quarter!
IMO,
Scenario

#1 After an extended bearish move from Friday, we might see some profit taking where we can see GU UP ~200pips then for the first half of the week then down trend continue with PCE(expected to > consensus) at the end of the week. And Some serious speeches to be delivered during the week.

#2 We might see institutional taking out Friday's Long Stop Loss during Asian before a 175-200pips retracement as the market need to breath else she might feel suffocated.. Then downtrend resume (Makes more sense)

#3 Downtrend continued below 85' Low for Institutional liquidity then retracement (sharks eat sharks)

Well, this is NOT a sure thing, everything here is based on Conditional Probability. I just loved to put different scenarios ahead of the week in my head, then i plan accordingly to what may or may happen. But as the money follows to what is happening, we must follow them.
Would be glad to hear different views and Opinions.
More time in the market, does not mean you trade better!
  • #687,648
  • Sep 25, 2022 1:23pm Sep 25, 2022 1:23pm
New week and more pips! will be once again holding my Gbpusd shorts into this week will add on if there is an opportunity of course . Good luck this week all!
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Master your mind. Master Trading.
  • #687,649
  • Sep 25, 2022 1:43pm Sep 25, 2022 1:43pm
The weekend IG Markets are trending a little lower today.
  • #687,650
  • Sep 25, 2022 1:47pm Sep 25, 2022 1:47pm
my trade in the week ahead

  1. cable at 0.8500
  2. buy usd

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  • #687,651
  • Sep 25, 2022 1:54pm Sep 25, 2022 1:54pm
Quoting KareemAliFx
New week and more pips! will be once again holding my Gbpusd shorts into this week will add on if there is an opportunity of course . Good luck this week all! {image}
why not add more shorts?
How to succeed in zero sum game?
  • #687,652
  • Sep 25, 2022 2:01pm Sep 25, 2022 2:01pm
Quoting dempire1
{quote} why not add more shorts?
I will when I see an opportunity. Gbpusd isn’t the only pair I trade so managing leverage is important
Master your mind. Master Trading.
  • #687,653
  • Sep 25, 2022 2:14pm Sep 25, 2022 2:14pm
Current premarket rate... Pound still crashing...
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Data + Stat + Risk/Emotions Management
  • #687,654
  • Sep 25, 2022 2:25pm Sep 25, 2022 2:25pm
Quoting nAVIN2007
{quote} but there has to be a limit to the fall surely..the euro is below parity?
Hi Navin, Eu is at levels that I like to buy being below parity. I would love to say that Gu is ready and I guess we need to wait for Pa to reveal itself. I certainly do not want to sell at these levels, because price can swing in a mo. We are a few days from a quarterly close and the coming week should reveal itself. I see some guys calling Gu at parity. Well it is hard to imagine. I look at at EurGbp at highs and am looking at a possible turnaround with pound strength turning above the Euro in time to come. Either way the pound and the euro has faltered against dollar strength so it is all up to the dollar. The coming week should reveal some clues. Patience is required.
Keep a level head,
Cheers.
Trade to trade another day
  • #687,655
  • Sep 25, 2022 2:37pm Sep 25, 2022 2:37pm
Large gap down on weekend rate.

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  • #687,656
  • Sep 25, 2022 2:41pm Sep 25, 2022 2:41pm
Crash bang wallop looks like Asia will take this down to 106
Insane in the Brain..
  • #687,657
  • Sep 25, 2022 2:44pm Sep 25, 2022 2:44pm
Quoting Swede
{quote} Hey Dig...good to see you...thought you would own Michigan by now lol....never thought I would see Cable in this situation....going to be some nice coin made the next while...lol I think you should join us rather than trade that ugly yellow stuff. (unless its canola of course) {image}
ha , good to see your voice bud , lol, coffers quite healthy , tired of supplying the free free free crowd (gov) with any more than nessecery , have branched out a bit , a place out west in the mountians , away from "people" rofl . I leave jr for longer and longer periods of time , he finally starting to grow into some things , , finger does get to itching here and there tho , but getting a handle on the damn addiction , best to ya man
  • #687,658
  • Sep 25, 2022 2:46pm Sep 25, 2022 2:46pm
Quoting Swede
{quote} Hey Dig...good to see you...thought you would own Michigan by now lol....never thought I would see Cable in this situation....going to be some nice coin made the next while...lol I think you should join us rather than trade that ugly yellow stuff. (unless its canola of course) {image}
Thought you were retiring from FF? Lol
MY GRID. Markets are NOT random.
  • #687,659
  • Sep 25, 2022 2:53pm Sep 25, 2022 2:53pm
Quoting Jolita
Large gap down on weekend rate. {image}
HMM...
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MY GRID. Markets are NOT random.
  • #687,660
  • Sep 25, 2022 3:08pm Sep 25, 2022 3:08pm
Amazing gap dropped by 100 stopped me out at 0759...
average dude treading water
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