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Cable Update (GBPUSD)

  • #689,521
  • Sep 29, 2022 4:23am Sep 29, 2022 4:23am
Long in at 1.0828
Don't trade what you think. Just what you see!!!
  • #689,522
  • Sep 29, 2022 4:23am Sep 29, 2022 4:23am
Quoting Fardeen1209
{quote} Is that source reliable, cause UJ would already fall by 120pips by now. Safe haven!
For the most part, yes. However, I'm always cautious with EVERY news outlet these days.
Let's wait and see what comes out in the next hours.
Lost....
  • #689,523
  • Sep 29, 2022 4:24am Sep 29, 2022 4:24am
SL now at b/e plus 20 (108)
Insane in the Brain..
  • #689,524
  • Sep 29, 2022 4:24am Sep 29, 2022 4:24am
Fibs, Fibs, Get ya fibs here, plenty to go round....
Attached Image
Trader with an Edge.
  • #689,525
  • Sep 29, 2022 4:25am Sep 29, 2022 4:25am
Quoting Theoak
Long in at 1.0828
Thank you for joining me fellow late buyer. It has increased my confidence.
  • #689,526
  • Sep 29, 2022 4:25am Sep 29, 2022 4:25am
Quoting PatienceFx
stops at be now {image}
booked
  • #689,527
  • Sep 29, 2022 4:26am Sep 29, 2022 4:26am
Quoting Headland
Fibs, Fibs, Get ya fibs here, plenty to go round.... {image}
How do you guys identify fibs, especially it can work in many different timeframes.
Damn, I still have a long way to go.
Exhausted
  • #689,528
  • Sep 29, 2022 4:26am Sep 29, 2022 4:26am
long, looking for 1.096 - 1.105
  • #689,529
  • Sep 29, 2022 4:27am Sep 29, 2022 4:27am
Looking to slam dunk this pair soon.
Insane in the Brain..
  • #689,530
  • Sep 29, 2022 4:27am Sep 29, 2022 4:27am
Quoting Indiara
{quote} I would be happy if this one works, but with the GU mess this week, it might come back and eat SL!!
Same, I'm gonna set SL at BE now, hopefully it hits the target before reversing
Attached Image (click to enlarge)
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Exhausted
  • #689,531
  • Sep 29, 2022 4:27am Sep 29, 2022 4:27am
Quoting Elysion
{quote} How do you guys identify fibs, especially it can work in many different timeframes. Damn, I still have a long way to go.
I join 'significant' swing hi's to 'significant' swing lo's on 1hr+ t/f's They are to some extent subjective because we will have a view on what are 'significant,' so it's not exactly a science.
Trader with an Edge.
  • #689,532
  • Sep 29, 2022 4:28am Sep 29, 2022 4:28am
Quoting Indiara
{quote} I would be happy if this one works, but with the GU mess this week, it might come back and eat SL!!
honestly..I think this whole thing is planned..price gets to extreme ie trendline. Then it will either break or hold. something always gets announced supporting the break or hold..I was thinking USD since start of year was going to get strong..I placed blind buys on cable just because of it..we were at the bottom of the channel..war was declared and USD is strengthened like crazy..

now it has hit the top..BOE steps in (how are these timings even possible??)
This this all planned IMHO
  • #689,533
  • Sep 29, 2022 4:30am Sep 29, 2022 4:30am
Sell 1 entered at 1.0848 target 1.0728
Sell 2 limit at 1.0910... all stop at 1.0950
Data + Stat + Risk/Emotions Management
  • #689,534
  • Sep 29, 2022 4:32am Sep 29, 2022 4:32am
Quoting nAVIN2007
{quote} honestly..I think this whole thing is planned..price gets to extreme ie trendline. Then it will either break or hold. something always gets announced supporting the break or hold..I was thinking USD since start of year was going to get strong..I placed blind buys on cable just because of it..we were at the bottom of the channel..war was declared and USD is strengthened like crazy.. now it has hit the top..BOE steps in This this all planned IMHO
It does seem so organised doesn't it? We are just trying to pick up some scraps, but they don't even want us to do that!
I am neither brave nor stupid...I am just a part time trader
  • #689,535
  • Sep 29, 2022 4:33am Sep 29, 2022 4:33am
Took profit 50 pips in the bag potentially won’t need to wait for payday as I can make do with baby pips at £3-5 a pip lol
Insane in the Brain..
  • #689,536
  • Sep 29, 2022 4:34am Sep 29, 2022 4:34am
Quoting nAVIN2007
{quote} honestly..I think this whole thing is planned..price gets to extreme ie trendline. Then it will either break or hold. something always gets announced supporting the break or hold..I was thinking USD since start of year was going to get strong..I placed blind buys on cable just because of it..we were at the bottom of the channel..war was declared and USD is strengthened like crazy.. now it has hit the top..BOE steps in (how are these timings even possible??) This this all planned IMHO
In a way yes, Goldman Sachs had a massive EU short position opened last year and around 2 month ago in a post, they said they are still holding cause they expect EU to go down at 0.87
More time in the market, does not mean you trade better!
  • #689,537
  • Sep 29, 2022 4:35am Sep 29, 2022 4:35am
scalp
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  • #689,538
  • Sep 29, 2022 4:35am Sep 29, 2022 4:35am
Quoting Georginson
Sell 1 entered at 1.0848 target 1.0728 Sell 2 limit at 1.0910... all stop at 1.0950
Sell in too!
  • #689,539
  • Sep 29, 2022 4:35am Sep 29, 2022 4:35am
Quoting Yngwie
Long 1.0783 SL 1.0755
Close more than half. Critical resistance now 1.0860
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,540
  • Sep 29, 2022 4:35am Sep 29, 2022 4:35am
Quoting Georginson
Sell 1 entered at 1.0848 target 1.0728 Sell 2 limit at 1.0910... all stop at 1.0950
gone south too. Overall target is 105 but as we know it will be a up down ride there
Insane in the Brain..
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