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Cable Update (GBPUSD)

  • #689,961
  • Sep 29, 2022 6:19pm Sep 29, 2022 6:19pm
Quoting DmShka
{quote} Wow, tp hited, thanks for idea Mr PAT.
Hi DMShka,

It was just pure luck for those trades.
I'm happy you made money from that trades with beautiful set up.

Lesson : Trade the price and work on the process, don't trade what we think "going" to happened.

Take Care & Stay Green.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,962
  • Sep 29, 2022 6:34pm Sep 29, 2022 6:34pm
Quoting eyefeelsix
{quote} half way --- 50% partial-close first {image}
take profits and hedging good morning from

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
https://breakpullback.com
  • #689,963
  • Sep 29, 2022 6:42pm Sep 29, 2022 6:42pm
I m guessing when GU can touch parity, next month? or end of the year?
  • #689,964
  • Sep 29, 2022 6:43pm Sep 29, 2022 6:43pm
cmon break that res
  • #689,965
  • Sep 29, 2022 6:46pm Sep 29, 2022 6:46pm
Morning Pak cik

Ciak Kopi first,lai lai
Attached Image (click to enlarge)
Click to Enlarge Name: warung-mie-aceh-ata-droe-Yopie-Pangkey-yopiefranz.jpg Size: 40 KB
  • #689,966
  • Sep 29, 2022 6:46pm Sep 29, 2022 6:46pm
Quoting BChan
I m guessing when GU can touch parity, next month? or end of the year?
This year, next year, sometime, never
  • #689,967
  • Sep 29, 2022 7:04pm Sep 29, 2022 7:04pm
Short at 1.11813
"Exchange of hands"
  • #689,968
  • Sep 29, 2022 7:25pm Sep 29, 2022 7:25pm
Quoting BChan
I m guessing when GU can touch parity, next month? or end of the year?
Very Good question...
However , we are trading the price as it is.
Comes parity or not it is just another wild guess from Institutional Traders as well as Retail Traders.

BoE having to cough up 65 billion and pumped into the bond market to prevent the pension funds collapsing. Thus help GBP stay above water.
If they had not intervened what state would we be in now.
UK Govt spending money like they're playing monopoly but this is no game, they're playing with people's lives.
(Note : The BoE did not intervene in the FX market, it intervened in the bond market to fix a problem of it's own making.)

All I can say, markets weren't spooked, they were manipulated.
You do understand that it’s climbing because of the intervention by the Bank of England? It’s got nothing to do with the announcements that the CX made in his mini budget.
Quite the opposite in fact.

I believe, it is good for us retailer, just focus on the current chart movement, with that we are going with the flow rather than trying to determine which side the tides will come. Safer bet is better than wild guess.

Expect the currency markets to be calm for a while. Next point of possible danger is 23rd November

Below is three post that valuable to understand where GBP is heading and the timing.
I value and appreciate those poster making an effort to do the research and share their finding here.
Many thanks for them and blessed with green pips....


Quoting Bones
The Bank of England has pivoted at the drop of a hat. So that's the story to focus on without any other detail necessary. This bank is far from independent, another bailout and even more moral hazard. We're talking about a reversal from unloading its balance sheet to buying an open-ended quantity. Temporally? We shall see. What should have happened is a step down on the reckless tax cuts and a windfall tax on energy company excess profits, a completely broken market. The weekly is high probability bullish as is the next daily. {image}


Quoting TheHunting
{quote} Be careful guys, its about 200 pips since I put this analysis , and the price respects this support line maybe more rise will happen , 1.1300 and 1.1400 is expected , good luck {image}



Quoting knkie
I was just watching some news and it seems the BoE will be buying bonds for two weeks. When they stop, GBP could start crashing again
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,969
  • Sep 29, 2022 7:27pm Sep 29, 2022 7:27pm
Quoting emmanuel7788
{quote} the bounce from 1.1000 riddle {image}

GU Sep30 M15

- last trading day for this week and month

- lets trade the London session today

- right now, it hit a 'ceiling' BRN 1.1200 ... still too early to say if this is the 'ceiling' until we see a lower low and lower high price action

- if I trade a bounce it can happen at any of the EMAs below current price or simply take any round number price level 1.1100, 1.1050, 1.1000, .. 1.0950, 1.0900 etc.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Sep30 M15 200EMA 30-9-2022 8-21-43 am.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #689,970
  • Sep 29, 2022 7:52pm Sep 29, 2022 7:52pm
Quoting Chris_35
{quote} I see your UK and yes at the moment pension is at age 67 but that is on an incline to age 70 as people are living longer. This is of course regards to government pensions, so if you are single your pension ends when you end no matter if your drawing it or not. If you are married then your spouse will receive part of your pension
Yehhh Chris.
Worthless deal really.
  • #689,971
  • Sep 29, 2022 8:03pm Sep 29, 2022 8:03pm
Quoting Jolita
Should have clear move to 11185 - 11200 {image}
Before and
After
Attached Image (click to enlarge)
Click to Enlarge Name: _20220930_015901.JPG Size: 127 KB
Quick and clean x
  • #689,972
  • Sep 29, 2022 8:04pm Sep 29, 2022 8:04pm
Quoting bilal1947
Short at 1.11813
Why? If you don't mind, I cant see any confluence.Possible supply on the 30m?
  • #689,973
  • Sep 29, 2022 8:23pm Sep 29, 2022 8:23pm
Quoting eyefeelsix
{quote} take profits and hedging good morning from {image}
shorts closed --- 2 hours inside bars

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
https://breakpullback.com
  • #689,974
  • Sep 29, 2022 8:36pm Sep 29, 2022 8:36pm
Another crash coming for Cable.
WARNING: This post warps space and time in its vicinity.
  • #689,975
  • Sep 29, 2022 8:41pm Sep 29, 2022 8:41pm
the week will close black does not matter what Truss and Kwarteng say to OBR chair...

its black month-end

next level 6745 soon then we shall see if market confidence can rebound


Attached Image (click to enlarge)
Click to Enlarge Name: FTSE100 Sep30 30-9-2022 9-37-37 am.png Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #689,976
  • Sep 29, 2022 8:41pm Sep 29, 2022 8:41pm
Quoting WizardTrade
Another crash coming for Cable.
I am holding shorts so I hope so but I have my concerns.

BoE seems to be really taking action this time round (whether or not it will work is another matter for now) while USD seems to have gone on sudden snooze. Usually good Jobless Claims data can really spur the USD but we did not see any reaction last night.

I believe as long as Gold stays above 1640, Cable won't "crash".
  • #689,977
  • Sep 29, 2022 8:42pm Sep 29, 2022 8:42pm
Should go down, grab some liquidity before bouncing back up in London session.
Exhausted
  • #689,978
  • Sep 29, 2022 8:46pm Sep 29, 2022 8:46pm
Quoting Elysion
Should go down, grab some liquidity before bouncing back up in London session.
There's also a news during NY session
Exhausted
  • #689,979
  • Sep 29, 2022 8:56pm Sep 29, 2022 8:56pm
I have read a posting which explain the principle behind changing price. the poster seems a conspiracy theorist,
he thinks that market is manipulated by market maker. I just can't agree， if it's the case，why wall street elites
also lose money？I quote the posting below， do you guys think it make any sence.

Chapter 1: Introduction into “PRICE”
If we want to talk about volume, we have to start with the price first. How the price makes and how the price up and down?
I’ll give you example on “How the price make?” at a simplified simulation.
Simulation of: “HOW PRICE CHANGE?” in simplified.
Name of multi-Currency: GBPJPY
Present price: 172.354 bid, 172.379 ask (example only)
Name of Institution that look into this price: MM1, MM2, MM3.
MM1 already hold their position open in market as long. They have 20 open long already.
Here is the list of their offer (bid) price:
172.600 (2 Position)
172.750 (3 Position)
173.100 (4 position)
173.300 (11 position)
MM2 and the other looking for Short position, so, they look to Short at highest price as possible. What happened next
when some of the MM fill or do a deal in market? MM2 Open short by fill order MM1 at 172.600. The price jump up
from 172.354 bid into 172.600 bid and 172.620 ask. This order makes the new price now updated into 172.600 (bid) and 172.620 (ask).
This is the new price. Then MM3 Open short by fill order MM1 at 172.750. The price jump up from 172.600 bid into 172.750 bid and 172.780 ask.
This order makes the new price now updated into 172.750 (bid) and 172.780 (ask). This is the new price.
The prices itself already SHOW the position that MM look for in the future. As you see from example above,
price jump up when the MM opening short. Jump up again, when another MM opening short again.
I ask you to keep this as a secret (Ha ha ha ha….). So, no wonder if retail trader 90% suffered loss. The trend that many retail trader follow,
actually is the result of the opposite position from MM. They know the future, but retail trader not.
Then, if we are in the same page here, we can conclude with: “price trend up, we looking for short; price trend down, we looking for long.”
  • #689,980
  • Sep 29, 2022 9:04pm Sep 29, 2022 9:04pm
Quoting Pat Chiko
{quote} GU Lunch break done.... Now we can see some movement. I'm on LONG scalping mode here.,, Let the show begin......... {image}
GU

Common GU.
One final push to target,..
Attached Image (click to enlarge)
Click to Enlarge Name: gu 069.jpg Size: 223 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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