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Cable Update (GBPUSD)

  • #689,161
  • Sep 28, 2022 10:50am Sep 28, 2022 10:50am
Quoting Waveskierrob
{quote} ....although there are a few would beg to differ
as well as the market, if there is no sellers the price will not move, and vice versa
https://breakpullback.com
  • #689,162
  • Sep 28, 2022 10:51am Sep 28, 2022 10:51am
This level may have Moty's hammer
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WARNING: This post warps space and time in its vicinity.
  • #689,163
  • Sep 28, 2022 10:52am Sep 28, 2022 10:52am
Wow 300 pips bullish move.
Exhausted
  • #689,164
  • Sep 28, 2022 10:55am Sep 28, 2022 10:55am
Quoting tenkanzen
{quote} Not adding..watching...initially I thought USD weakness was on Powell...now...I hope I'm right but I'm not going to add..
Added 1.0829.

Not going to add anymore, this time for real.
  • #689,165
  • Sep 28, 2022 10:56am Sep 28, 2022 10:56am
Inserted Video
"Exchange of hands"
  • #689,166
  • Sep 28, 2022 10:57am Sep 28, 2022 10:57am
Quoting WizardTrade
This level may have Moty's hammer {image}
If it breaks this one then the next level is 1.12 and then 1.14
WARNING: This post warps space and time in its vicinity.
  • #689,167
  • Sep 28, 2022 10:58am Sep 28, 2022 10:58am
As you sell, just remember that the idiots overshot the usual AMR (average monthly range). Add that to the fact of monthly end rebalanced plus closing of short trades to bank profit and you can have another 500 pip spike. Just a thought.

EU is doing well with the rise.
  • #689,168
  • Sep 28, 2022 10:59am Sep 28, 2022 10:59am
Last minute heavy buying BoE for sure
This has brought up the EUR
I think false hope just like the YEN
So what happens now till the EUR market opens again?
May the PIP's be with you.
  • #689,169
  • Edited 12:35pm Sep 28, 2022 11:00am | Edited 12:35pm
just closed a long that had been 530 pips below water at one point .4 lots profit £4.40

Just closed another .2 of a lot that had been below water for 600 pips. Came out with a small loss as she couldnt get past R2. Maybe it will later but do not what to be holding long if it plummets again
  • #689,170
  • Sep 28, 2022 11:02am Sep 28, 2022 11:02am
Quoting Chris_35
short order at 10806 with T/P at 240 pips. Yes it may seem a bit much but this pair is a bit much. Expecting NY to eventually take it down, helped by Asian market. I can always revert to manual if needed. obviously can be completely wrong so S/L in place already just in case.
S/L was hit when typing original post
  • #689,171
  • Sep 28, 2022 11:03am Sep 28, 2022 11:03am
Quoting WizardTrade
{quote} If it breaks this one then the next level is 1.12 and then 1.14
Planning to bring in my bullish tanks into the battlefield
WARNING: This post warps space and time in its vicinity.
  • #689,172
  • Sep 28, 2022 11:04am Sep 28, 2022 11:04am
leave something for tomorrow mf
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ingulfing bearish candle
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yes yes yes
  • #689,173
  • Sep 28, 2022 11:05am Sep 28, 2022 11:05am
Quoting TimberTX
Last minute heavy buying BoE for sure This has brought up the EUR I think false hope just like the YEN So what happens now till the EUR market opens again?
The issue I see here is a weak USD. Look at Gold. A $30 rally out of the blue.
  • #689,174
  • Sep 28, 2022 11:09am Sep 28, 2022 11:09am
price has taken prev. day can expect the down trend again.
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keep an eye on dollar too:

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"Exchange of hands"
  • #689,175
  • Sep 28, 2022 11:09am Sep 28, 2022 11:09am
closed long and missed 100 pips more...
  • #689,176
  • Sep 28, 2022 11:10am Sep 28, 2022 11:10am
out for today
  • #689,177
  • Sep 28, 2022 11:12am Sep 28, 2022 11:12am
Quoting Chris_35
just closed a long that had been 530 pips below water at one point .4 lots profit £4.40
Funny how you risked just closing in profit rather than taking a small loss of say £4.40....I'm the same it a psychological barrier we must recognise
  • #689,178
  • Edited 11:28am Sep 28, 2022 11:14am | Edited 11:28am
Yesterday I saw a video of a person that turned 200 dollar into 190000 in 4 hours of time, trading in oil. At that time there was a strong downtrend of oil. This was a more reversal day.

But still after yesterday sawing it this was the pair to turn small value into something big. But I missed it completely as I was working and did not grasp what was going.
  • #689,179
  • Sep 28, 2022 11:18am Sep 28, 2022 11:18am
looks like massive intervention in the pound
in wondering about yourself, you forgot what you came here to be part of
  • #689,180
  • Sep 28, 2022 11:19am Sep 28, 2022 11:19am
Yesterday the GU made ID/NR7... a high probability that both ends of the daily range (YH, YL) will be tested today.

Quoting elbert3
{quote} If this works out then 1.150 and 1.1110 should be the target
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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