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Cable Update (GBPUSD)

  • #688,241
  • Sep 27, 2022 2:18am Sep 27, 2022 2:18am
Quoting Pat Chiko
{quote} Thanks Wizard.... I copy you, great signal...........
Honored boss
WARNING: This post warps space and time in its vicinity.
  • #688,242
  • Sep 27, 2022 2:21am Sep 27, 2022 2:21am
Quoting WizardTrade
Get ready for parity without deep retracement
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There is nothing wrong with being kind & loving to each other
  • #688,243
  • Sep 27, 2022 2:22am Sep 27, 2022 2:22am
Just got back, we buying, selling? Or ranging?
Exhausted
  • #688,244
  • Sep 27, 2022 2:24am Sep 27, 2022 2:24am
Quoting Elysion
Just got back, we buying, selling? Or ranging?
Overall short. But I am in with a quick long scalp. I will sell it near 1.1 today or tomorrow.
WARNING: This post warps space and time in its vicinity.
  • #688,245
  • Sep 27, 2022 2:31am Sep 27, 2022 2:31am
Quoting PatienceFx
sold both, usd is king {image}
now i realized my mistake in code & logic

i was not supposed to sell
  • #688,246
  • Sep 27, 2022 2:32am Sep 27, 2022 2:32am
When the new King Charles coins are minted, there will be great demand for the pound. Most of this will be chucked in the kitchen drawer for eternity.

So, watch out for great demand on pound taking it to 5.5000. Should be there in approx 267 years. Dig me up if I am wrong.
  • #688,247
  • Sep 27, 2022 2:35am Sep 27, 2022 2:35am
Quoting WizardTrade
{quote} Overall short. But I am in with a quick long scalp. I will sell it near 1.1 today or tomorrow.
why is 10837 a resistance ??
Its a point I went long a while ago and the moment I hit the deal button it went down (nothing new there) has returned a number of times and retracted.
  • #688,248
  • Sep 27, 2022 2:37am Sep 27, 2022 2:37am
Quoting Chris_35
{quote} why is 10837 a resistance ??
Check this and you will know why I am targeting this area.

Quoting WizardTrade
I am going long shortly. It may retrace to 1.09xxx My view today: {image}
WARNING: This post warps space and time in its vicinity.
  • #688,249
  • Sep 27, 2022 2:38am Sep 27, 2022 2:38am
Quoting Chris_35
{quote} why is 10837 a resistance ??
The more retails' longs get trapped, the happier the institutional will be, they lower they will take her.
More time in the market, does not mean you trade better!
  • #688,250
  • Sep 27, 2022 2:38am Sep 27, 2022 2:38am
Quoting Elysion
Just got back, we buying, selling? Or ranging?
The short answer is YES
  • #688,251
  • Sep 27, 2022 2:40am Sep 27, 2022 2:40am
Quoting Nala66
{quote} The short answer is YES
Yes we are trading
WARNING: This post warps space and time in its vicinity.
  • #688,252
  • Sep 27, 2022 2:41am Sep 27, 2022 2:41am
G/M, that 50% of y/day's lo-hi move holds after a re-test in early Asian session and it's been mostly all up from there. Price @ 128% 30day adr already @ the current dly hi with 191pips traveled so far today but price still within y/day's dly candle, which closed as a bearish-bodied hammer-esq candle, and like the 4hr before it, closed outside it's 20bol.

Fibs shown on list below are @/above y/day's hi.

1hr below and fib list
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Trader with an Edge.
  • #688,253
  • Sep 27, 2022 2:46am Sep 27, 2022 2:46am
Went long got stop, went short got stop.
What.
Stop hunting my entries. damn it.
Exhausted
  • #688,254
  • Sep 27, 2022 2:47am Sep 27, 2022 2:47am
Now the extreme volatility has gone out of the action, can anyone explain why the spreads are still so high.
  • #688,255
  • Sep 27, 2022 2:48am Sep 27, 2022 2:48am
Waiting....waiting....waiting......

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I am neither brave nor stupid...I am just a part time trader
  • #688,256
  • Sep 27, 2022 2:49am Sep 27, 2022 2:49am
Quoting Nala66
I think the pound is heading back to 5.5000.
Back to 1800 to 1900 years of glory for British Pound.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,257
  • Sep 27, 2022 2:49am Sep 27, 2022 2:49am
Quoting Nala66
Now the extreme volatility has gone out of the action, can anyone explain why the spreads are still so high.
Uncertainty ...just a guess
  • #688,258
  • Sep 27, 2022 2:51am Sep 27, 2022 2:51am
UJ(scalping)
That pattern repeat itself almost everyday on GU, EU and UJ (these 3 are the only i care about)
When a Support or resistance been tested at least 3 times, on the 4th time, it moves for the next zone to drink some liquidity.
It will be a good entry. for an easy 30-40pips
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More time in the market, does not mean you trade better!
  • #688,259
  • Sep 27, 2022 2:51am Sep 27, 2022 2:51am
Quoting Nala66
Now the extreme volatility has gone out of the action, can anyone explain why the spreads are still so high.
There is still a looming threat of crash ahead. So the market is still chaotic regardless we are out of volatility at the moment. We may see another dip again.
WARNING: This post warps space and time in its vicinity.
  • #688,260
  • Sep 27, 2022 2:52am Sep 27, 2022 2:52am
Quoting Georginson
Hello Guys 1.03 I projected has already happened but at a faster time than I ever imagined... Today I lost my prop firm accounts worth 1.3 million dollars having reached phase 2 in some with just 1.3% buy trade open yet the whole accounts breached at 1.0378... This is me saying goodbye to this heavily manipulated pair moving 500 pips in Tokyo session without any major event or news. It's sad that I have to leave this pair but my mental health is more important than any other thing. Good luck to everyone and stay safe. {image}
Wow, I got 28 likes for this emotional post at my low moment, you all gave me the support I never imagined. I'm deeply grateful to each and every member of this forum and I hope and pray for everyone to be profitable in this trading path we have chosen.

I'm grateful Once again and hope to still get back and contribute positively to this blessed forum. I appreciate you all.

Cheers,
George.
Data + Stat + Risk/Emotions Management
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