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Cable Update (GBPUSD)

  • #690,141
  • Sep 30, 2022 3:53am Sep 30, 2022 3:53am
Quoting knkie
{quote} BoE will buying bonds for 2 weeks when they stop the crash will come
Then 1.17 isn't out of the picture I guess.
  • #690,142
  • Sep 30, 2022 3:53am Sep 30, 2022 3:53am
Quoting BeeTogether
{quote} and hopefully it won’t be long before it does. Can’t see why the pair is going up. Nothing has changed since the budget it might be corrective but it’s also above the area before the drop
getting close to H4 Supply
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in wondering about yourself, you forgot what you came here to be part of
  • #690,143
  • Sep 30, 2022 3:53am Sep 30, 2022 3:53am
Quoting Indiara
It is tempting to jump on this moving train up, but my rules don't allow me to jump on a moving train. I just have not seen an entry that I like so far. I have to stay in the long grass and see if anything comes along. If not, it's ok as it's the end of a good week, and a good month too.
maximum money is made when a bigger moving average is broken [ above 100 sma ]
  • #690,144
  • Sep 30, 2022 3:54am Sep 30, 2022 3:54am
Quoting Yngwie
Hope 1.1234 can resist bulls amok. If not price can reach 1.1400
So far so good. Strong stand still. Bear have a chance
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #690,145
  • Sep 30, 2022 3:55am Sep 30, 2022 3:55am
If it lands me at 220% overall return today on bigger account I call it a month for the bigger account too Let's see what it brings today.
WARNING: This post warps space and time in its vicinity.
  • #690,146
  • Sep 30, 2022 3:55am Sep 30, 2022 3:55am
Quoting Indiara
It is tempting to jump on this moving train up, but my rules don't allow me to jump on a moving train. I just have not seen an entry that I like so far. I have to stay in the long grass and see if anything comes along. If not, it's ok as it's the end of a good week, and a good month too.
AGREED! Trying to find something that says it ok to jump in . Not yet
  • #690,147
  • Sep 30, 2022 3:55am Sep 30, 2022 3:55am
5 minutes. Let's see what the real price direction is..
Gold 1671 near S/R 1680.
  • #690,148
  • Sep 30, 2022 3:56am Sep 30, 2022 3:56am
The Empire Strikes Back
  • #690,149
  • Sep 30, 2022 3:57am Sep 30, 2022 3:57am
Quoting PatienceFx
{quote} maximum money is made when a bigger moving average is broken [ above 100 sma ]
higher not bugger [ spelling mistake ]
  • #690,150
  • Sep 30, 2022 3:58am Sep 30, 2022 3:58am
Quoting WizardTrade
{quote} Here is the view you are asking for {image} I am NET LONG at the moment and I will see if there is a break to the downside I will go NET SHORT Hope this helps
Evolving as expected:

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My next target stands at 1.136xx then 1.172xx
WARNING: This post warps space and time in its vicinity.
  • #690,151
  • Sep 30, 2022 4:01am Sep 30, 2022 4:01am
...bullish 4hr close on gmt+3 feed

4hr below
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Trader with an Edge.
  • #690,152
  • Sep 30, 2022 4:01am Sep 30, 2022 4:01am
I guess it's going long today for the whole day based on the news. Gotta love that exact 10.0% LoL.
If, however Pound drops below 160 vs Yen I will become concerned.
  • #690,153
  • Sep 30, 2022 4:01am Sep 30, 2022 4:01am
We're at 4hr resistance now. If it's going to retrace, this is a good candidate.
  • #690,154
  • Sep 30, 2022 4:01am Sep 30, 2022 4:01am
I wish GU would move every week like this week. GU gave me all the profit this week, it’s now UJ turn. I’ve been holding to UJ shorts for a few days now. It moves with a snail speed and it seems it will go like this into the next week.
Attached Image (click to enlarge)
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  • #690,155
  • Sep 30, 2022 4:03am Sep 30, 2022 4:03am
Quoting TheWolf
I guess it's going long today for the whole day based on the news.
U.s data later incl and probably most important - Core PCE - supposedly the fed's preferred measure of inflation.
Trader with an Edge.
  • #690,156
  • Sep 30, 2022 4:03am Sep 30, 2022 4:03am
Quoting PatienceFx
{quote} higher not bugger [ spelling mistake ]
I am neither brave nor stupid...I am just a part time trader
  • #690,157
  • Sep 30, 2022 4:04am Sep 30, 2022 4:04am
Just wait until the CPI news become red..
  • #690,158
  • Sep 30, 2022 4:06am Sep 30, 2022 4:06am
Quoting TheWolf
5 minutes. Let's see what the real price direction is.. Gold 1671 near S/R 1680.
I am not great with the charts but check out the 5 min GU and 5 min USDX for the last 90 minutes and you can clearly see the current disconnect.
  • #690,159
  • Sep 30, 2022 4:07am Sep 30, 2022 4:07am
Quoting dantpm
{quote} I am not great with the charts but check out the 5 min GU and 5 min USDX for the last 90 minutes and you can clearly see the current disconnect.
USDX is a basket of currencies -vs- $ not just £ which is about 11% of it. It won't always have a positive correlation.
Trader with an Edge.
  • #690,160
  • Sep 30, 2022 4:07am Sep 30, 2022 4:07am
Quoting greenpips4
400pips underwater on GBPAUD... my account will go down to ashes if it move 100pips more fall YOU FUCKING POUND
Cable ready to retrace.. ready to take your profits
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