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Cable Update (GBPUSD)

  • #690,161
  • Sep 30, 2022 4:07am Sep 30, 2022 4:07am
Quoting Georginson
{quote} 1.1137 surpassed, now I have gone short at 1.1180... this is absolutely risky but will take it with modest lot size.
Manually exited at 1.1186... -6pips... I will reenter at 1.1350 if it gets there. The bulls are still very active.
Data + Stat + Risk/Emotions Management
  • #690,162
  • Sep 30, 2022 4:08am Sep 30, 2022 4:08am
Quoting Indiara
{quote}
price broke a strong sma and went flying 400+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 16 KB
  • #690,163
  • Sep 30, 2022 4:11am Sep 30, 2022 4:11am
Quoting Georginson
{quote} Manually exited at 1.1186... -6pips... I will reenter at 1.1350 if it gets there. The bulls are still very active.
They are trying their best to destroy people looking to short now. The top barrier at which I am willing to even risk my account is if Pound get's to 1.17. We have to wait patiently now. Maybe days even, but once it comes all those losses will only make a small percent of the profit we will take once it crashes.
  • #690,164
  • Sep 30, 2022 4:11am Sep 30, 2022 4:11am
Attached Image (click to enlarge)
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yes yes yes
  • #690,165
  • Sep 30, 2022 4:12am Sep 30, 2022 4:12am
Quoting PatienceFx
{quote} price broke a strong sma and went flying 400+ pips {image}
I don't use SMA, but they are very interesting as the price seems to react sometimes.

My rule to not jump on the moving train saved me...again!!
I am neither brave nor stupid...I am just a part time trader
  • #690,166
  • Sep 30, 2022 4:13am Sep 30, 2022 4:13am
Hahahah I do find one thing funny. In the past we were all looking to go long and were waiting for this retracement and hoping for reversal actually not retracement. Now, we are waiting for the opposite . The ways of mind.. funny indeed.
  • #690,167
  • Sep 30, 2022 4:15am Sep 30, 2022 4:15am
Quoting PatienceFx
{quote} price broke a strong sma and went flying 400+ pips {image}
What indicators do you use ?
  • #690,168
  • Sep 30, 2022 4:16am Sep 30, 2022 4:16am
Quoting Tronis
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. {image}
quadruple your lot size and go for a quarter of these big moves.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,169
  • Sep 30, 2022 4:17am Sep 30, 2022 4:17am
i am taking diving lessons, do not try this at home
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 16 KB
  • #690,170
  • Sep 30, 2022 4:17am Sep 30, 2022 4:17am
Quoting greenpips4
400pips underwater on GBPAUD... my account will go down to ashes if it move 100pips more fall YOU FUCKING POUND
Already gave up holding shorts at 200pips, didn't put too much in GU cause it's really manipulated this week and I'm too new to read market makers. Hope it can get stabilized.
  • #690,171
  • Sep 30, 2022 4:25am Sep 30, 2022 4:25am
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.
There were three good entries from my point of view but idk bout ur side.
Too bad you couldn't join the ride
Exhausted
  • #690,172
  • Sep 30, 2022 4:26am Sep 30, 2022 4:26am
12 more minutes before London starts acting. It usually does at this time however until NYO.
  • #690,173
  • Sep 30, 2022 4:26am Sep 30, 2022 4:26am
...5min bullish hidden div now present and may stay valid whilst price above 1.1136. Bearish regular div 1min to 1hr @ current dly hi.
------------------------------
...of course earlier Uk GDP revision shows growth of +0.2% q/q. which means Uk is not technically in recession -vs- the -0.1% forecasts which if had come to be would have placed Uk in a recession (ie 2 consecutive qtr's of negative growth.)
Trader with an Edge.
  • #690,174
  • Sep 30, 2022 4:27am Sep 30, 2022 4:27am
Excellent area for fresh bullish orders
  • #690,175
  • Sep 30, 2022 4:29am Sep 30, 2022 4:29am
Quoting Elysion
{quote} There were three good entries from my point of view but idk bout ur side. Too bad you couldn't join the ride

It's good that you got some pips

If I can't find an entry that meets all my rules, I'm happy to stay in the long grass and wait.
I am neither brave nor stupid...I am just a part time trader
  • #690,176
  • Sep 30, 2022 4:33am Sep 30, 2022 4:33am
Quoting Indiara
{quote} It's good that you got some pips If I can't find an entry that meets all my rules, I'm happy to stay in the long grass and wait.
The first one was risky because it was before London session, see Frankfurt actually brought it down.

2nd was where London session is starting, 3rd was after a pullback, there's also a short 4th one which I managed to catch during the minor news.
Attached Image (click to enlarge)
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Exhausted
  • #690,177
  • Sep 30, 2022 4:33am Sep 30, 2022 4:33am
Quoting Headland
{quote} U.s data later incl and probably most important - Core PCE - supposedly the fed's preferred measure of inflation.
I personally am looking at this release with full focus. We may see another big move on this one. Gentlemen and Ladies! Gear up and brace for impact either side
WARNING: This post warps space and time in its vicinity.
  • #690,178
  • Sep 30, 2022 4:37am Sep 30, 2022 4:37am
my exit target is lows of today, because if you see ATR levels below, clearly we are trading very high above the 14 week average range
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 15 KB
  • #690,179
  • Sep 30, 2022 4:39am Sep 30, 2022 4:39am
Quoting WizardTrade
{quote} Evolving as expected: {image} My next target stands at 1.136xx then 1.172xx
Rising Wedge on the move
Attached Image (click to enlarge)
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Potential big move readying either side
WARNING: This post warps space and time in its vicinity.
  • #690,180
  • Sep 30, 2022 4:41am Sep 30, 2022 4:41am
Quoting WizardTrade
{quote} Rising Wedge on the move {image} Potential big move readying either side
Attached Image (click to enlarge)
Click to Enlarge Name: 7c0fe41f-efd3-492e-873c-c5972d259e03.jpg Size: 60 KB
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