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Cable Update (GBPUSD)

  • #688,581
  • Sep 27, 2022 12:25pm Sep 27, 2022 12:25pm
Quoting Robinhood1
I beleive BTC is turning down towards 17000 and below. Its current price 20190. I may be wrong
And now lets see how far down it goes
POSTMASTER
  • #688,582
  • Sep 27, 2022 12:27pm Sep 27, 2022 12:27pm
Quoting Polimini
{quote} you mean straight away, no corrections?
minute corrections and we are already down.
WARNING: This post warps space and time in its vicinity.
  • #688,583
  • Sep 27, 2022 12:28pm Sep 27, 2022 12:28pm
Quoting parisboy
{quote} Theoak you are right {image}
Can you imagine if it breaks these 30 min lows... How are doing anyway last time you were on here your strategy was very mathematical??
Don't trade what you think. Just what you see!!!
  • #688,584
  • Sep 27, 2022 12:29pm Sep 27, 2022 12:29pm
Cable looks like it will retrace back to 1.07 level and then continue down. Trend remains down
  • #688,585
  • Sep 27, 2022 12:31pm Sep 27, 2022 12:31pm
...4hr (like the 1hr in my post above) shows the current downside obstacle for the bears, a prev sw lo zone = prev supp = pot supp...that 50% fib of y/day lo-hi and DP in there too.

4hr below
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Trader with an Edge.
  • #688,586
  • Sep 27, 2022 12:31pm Sep 27, 2022 12:31pm
I could not resist from taking trades so took.

But all with very very negligible risk
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Intraday only.
  • #688,587
  • Sep 27, 2022 12:32pm Sep 27, 2022 12:32pm
Quoting dantpm
{quote} That is just it, why is the dollar exploding? With US debt, funding of the war against Russia by Ukraine and economy struggling as they scamper to replace microchips and various raw materials that were imported from places like Russia (Ukraine) and China (reduced because of Covid lockdowns and supply issues), the dollar is no safe haven! This is why so many countries took physical delivery of their gold reserves internationally. This is why the BRIC is suddenly very popular. The UK has it energy problems and Covid19 economic expansion to...
Thing is the investors know exactly what they are getting. UK government measure are unknown. No other country is doing it! The market likes certainty!!
Don't trade what you think. Just what you see!!!
  • #688,588
  • Sep 27, 2022 12:33pm Sep 27, 2022 12:33pm
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RedcaT 3003
25k Return This Week: na
  • #688,589
  • Sep 27, 2022 12:34pm Sep 27, 2022 12:34pm
bullish bat bat pattern?
trying long here
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  • #688,590
  • Sep 27, 2022 12:39pm Sep 27, 2022 12:39pm
Hi Visitor I think it is too early for the long. My view
  • #688,591
  • Sep 27, 2022 12:43pm Sep 27, 2022 12:43pm
Gold heading to 1632 and then down again
  • #688,592
  • Sep 27, 2022 12:43pm Sep 27, 2022 12:43pm
Quoting Houtbay
Hi Visitor I think it is too early for the long. My view
Agreed
More downside than upside for now

FED has foot on the gas
The fastest way to get wrecked is going against the FED

Fed's Kashkari: We need to keep tightening policy until we see compelling evidence that underlying inflation has peaked, heading down
May the PIP's be with you.
  • #688,593
  • Sep 27, 2022 12:51pm Sep 27, 2022 12:51pm
Quoting Robinhood1
{quote} With your respects i disagree
Anyone can feel free to disagree here--it's a public forum with mostly personal ideas and opinions.

However, your simple statement of disagreement is of little value in in understanding what your specific opinion is on what is likely to unfold on GBPUSD H1.

You can see in this post from about 20 hours ago that more bars were needed to decide how the M128 downswing was going to relate to the previous upswing. Since then, two points became clear: The down swing was indeed a pullback in an up trend; the subsequent up continuation was a failure, and down movement is currently more likely to predominate over up movement.
To free Gazans of Hamas, use whatever it takes.
  • #688,594
  • Sep 27, 2022 12:53pm Sep 27, 2022 12:53pm
long, sl in place
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  • #688,595
  • Sep 27, 2022 12:55pm Sep 27, 2022 12:55pm
Quoting DrDave
{quote} Anyone can feel free to disagree here--it's a public forum with mostly personal ideas and opinions. However, your simple statement of disagreement is of little value in in understanding what your specific opinion is on what is likely to unfold on GBPUSD H1.
DrDave, I think if it breaks these low you are spot on!!!
Don't trade what you think. Just what you see!!!
  • #688,596
  • Sep 27, 2022 1:01pm Sep 27, 2022 1:01pm
Quoting dantpm
{quote} That is just it, why is the dollar exploding? With US debt, funding of the war against Russia by Ukraine and economy struggling as they scamper to replace microchips and various raw materials that were imported from places like Russia (Ukraine) and China (reduced because of Covid lockdowns and supply issues), the dollar is no safe haven! This is why so many countries took physical delivery of their gold reserves internationally. This is why the BRIC is suddenly very popular. The UK has it energy problems and Covid19 economic expansion to...
the dollar is no safe haven!
Like in so many other areas in our recent times, the USD retains safe haven status not because of actually BEING a safe haven, but rather because of all of the options available, it is simply the least awful choice from the awful group.
To free Gazans of Hamas, use whatever it takes.
  • #688,597
  • Sep 27, 2022 1:02pm Sep 27, 2022 1:02pm
My view
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WARNING: This post warps space and time in its vicinity.
  • #688,598
  • Sep 27, 2022 1:02pm Sep 27, 2022 1:02pm
Quoting DrDave
{quote} Anyone can feel free to disagree here--it's a public forum with mostly personal ideas and opinions. However, your simple statement of disagreement is of little value in in understanding what your specific opinion is on what is likely to unfold on GBPUSD H1. You can see in this post from about 20 hours ago that more bars were needed to decide how the M128 downswing was going to relate to the previous upswing. Since then, two points became clear: The down swing was...
Great post
  • #688,599
  • Sep 27, 2022 1:08pm Sep 27, 2022 1:08pm
I have strong feeling that pound will fall more. Because my analysis shows bearish movement.
  • #688,600
  • Sep 27, 2022 1:10pm Sep 27, 2022 1:10pm
Now short gold and Gbpusd
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