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Cable Update (GBPUSD)

  • #690,621
  • Oct 1, 2022 7:16am Oct 1, 2022 7:16am
Quoting tenkanzen
Funny how last weekend everyone was shouting for parity soon and now everyone is shouting for 1.15.
Except me 1.0760 and below we could see the true bearish reversal
POSTMASTER
  • #690,622
  • Oct 1, 2022 7:17am Oct 1, 2022 7:17am
Quoting Robinhood1
{quote} try BB 95, 3.6 see what you think hl2 EDITED
These BB 20 / 2 are pre set default setting, works ok for me. I also add Keltner.

Sorry my charts are crowded, ignore Ema's BB, Pivots, as I use many timeframes, and keep adding or removing to much pain on mobile.

BB 95, 3.6 way to wide. Is this what you recommend?
  • #690,623
  • Oct 1, 2022 7:18am Oct 1, 2022 7:18am
Quoting gatorinla
{quote} winter is coming. 1599/slip may be a short. tp unknown atm.. commercials want the green ones. The red are hedged zombies already {image} {image}
GBP: If next week the high mostly holds. I wont say it will retrace. So this is not a call to short. But if it finds itself at 1.0919/1.0880. Look for your personal analysis for a buy. The gbp is violent. With some proper money management and no overleverage, to cover the slippage. This may be a decent run toward 1599 this month. It may never drop to 1.0916. But if it does -1.016, its time to look. Slip on the pound can be 50+ pips. But 1.0915/0887 ish is a little window. Peace out.
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those who can, do. those who cant, talk about those who can
  • #690,624
  • Oct 1, 2022 7:22am Oct 1, 2022 7:22am
Quoting tenkanzen
Funny how last weekend everyone was shouting for parity soon and now everyone is shouting for 1.15.
Everyone is pretty broad. Personally I was calling for 1.1599. It hasn't got there either. What were you calling for? Its nice to have a record.
those who can, do. those who cant, talk about those who can
  • #690,625
  • Oct 1, 2022 7:24am Oct 1, 2022 7:24am
Quoting tenkanzen
Funny how last weekend everyone was shouting for parity soon and now everyone is shouting for 1.15.
I am always with the winning party No matter where the price goes I embrace it with open heart as I don't marry my trading plans
WARNING: This post warps space and time in its vicinity.
  • #690,626
  • Oct 1, 2022 7:30am Oct 1, 2022 7:30am
Quoting tenkanzen
Funny how last weekend everyone was shouting for parity soon and now everyone is shouting for 1.15.
Im not ...
  • #690,627
  • Oct 1, 2022 7:47am Oct 1, 2022 7:47am
Quoting gatorinla
{quote} Everyone is pretty broad. Personally I was calling for 1.1599. It hasn't got there either. What were you calling for? Its nice to have a record.
1.1350/slip has some R value.. Slippage on the gbp can be more than 50 pips.. The retrace there may bring a decent retrace before 1.1599.
1.1350 or 1.0916 will be next. Once there look for a opposite direction entry point using your personal analysis- Not near there,, Once there, and probable slippage. You can allow a pip or because of broker sex.
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those who can, do. those who cant, talk about those who can
  • #690,628
  • Oct 1, 2022 7:51am Oct 1, 2022 7:51am
Quoting Jolita
{quote} Yo W! It's s painfull for BOJ to buy Yen, but what they do is support investors financing dollar projects. We don't live in Japan, we don't know politics, but we know how wealthy big whales are. Capital its huge, tech companies operate in US dollar. We know Yen is weak, but most money is in safe hands and doubling, secured, why not keep this way? My view price consolidating before staging to 150. Then intervention. I've shared an article somewhere.
You remember Softbank of Japan, dont reasearch much about them but there was a time they went around buying company in billions, and soon scandal appeared cause billions loss, did not how it survived
  • #690,629
  • Oct 1, 2022 7:56am Oct 1, 2022 7:56am
Quoting T721
{quote} Hi Jolita, sent you link to my indicator room for TG. have a look you might find something useful, i dont use indis so cant remember what i have stored
Thanks T, actually this was a joke on direction ( meaning of repainting arrow can be a killer )

But thanks anyway, I am rubish on setting up indicators. I managed to add Liviu indicators on my Mac, but I bearly have time to use PC and if I do I use main platform or Pro trading (IG), also opted in to use MT4 with IG, but I am clueless how to add indi on MT4 mobile version, therefore I mainly use IG and Etoro platforms (Etoro mobile chart is not as good, they have this +/- signed in front restricting the view).

Thanks for sharing useful info.
  • #690,630
  • Oct 1, 2022 7:59am Oct 1, 2022 7:59am
Quoting Jolita
{quote} These BB 20 / 2 are pre set default setting, works ok for me. I also add Keltner. Sorry my charts are crowded, ignore Ema's BB, Pivots, as I use many timeframes, and keep adding or removing to much pain on mobile. BB 95, 3.6 way to wide. Is this what you recommend?
Its too wide yes. I use to count waves with it. My mind got mixed up. sorry
POSTMASTER
  • #690,631
  • Oct 1, 2022 8:00am Oct 1, 2022 8:00am
Disagree created by contradicts personal opinion, one of the best ways to learn is find why they have different opinions, there you will know the answer and your trading level will increase to the next step.
https://breakpullback.com
  • #690,632
  • Oct 1, 2022 9:45am Oct 1, 2022 9:45am
Quoting Pat Chiko
{quote} Went to visit my doctor today and he didn't give me any medicine or pain killer. He just advice changing my bed when I show him where I slept. Good doctor.... . . . . . .{image}

Your posts are gold!!

I wish my back were hurt like yours.. haha


Only now I found out that there are a ton of different smiley faces I can use... LoL.
You will see the wrath of smiley faces now people buhahahaha
  • #690,633
  • Oct 1, 2022 9:55am Oct 1, 2022 9:55am
Quoting Georginson
{quote} Pound is next... As far as Liz Truss is in power, they are doomed to crash the Pound more... This is just a relief rally. More on this later.
This ain’t a “relief” rally as this is actually a trend reversal. I say this mainly as I expect USD weakness. Only time will reveal the truth.
Master your mind. Master Trading.
  • #690,634
  • Oct 1, 2022 10:22am Oct 1, 2022 10:22am
...I think it is probably easier to make a technical case for continued upside next week, than a fundamental one, as of now.

Friday's close saw a long lower wicked mthly close from o/s oscillator readings, a bullish hammer piercing pattern on the wkly from o/s osc reads, and dly oscillators turning up from extreme o/s, these following a strong bounce up from the 1.0327 lo. Fundamentally, nothing much has changed, Boe still propping up the long-dated maturities in gilt market to the tune of £5B/day for 13 days apparently, and Friday's U.s Core Pce data likely did nothing to persuade the Fed to alter whatever it is going to do next. The Russia/Ukraine thing maybe getting worse not better in light of developments this last week. There are probably just too many moving parts re fundie analysis right now, and the prevailing atmosphere although calmed a bit, is still fairly febrile. The big fundie variable which may affect price is probably whether the Uk's Boe's Mpc can really hold out till its next meeting, scheduled for November, before raising rates, or whether the markets will cause them to do it sooner?
Trader with an Edge.
  • #690,635
  • Oct 1, 2022 11:37am Oct 1, 2022 11:37am
Quoting Pat Chiko
{quote} Back in KL two days ago From Cancun to Istanbul Spend 3 days in Istanbul Istanbul packed of Russian and Ukraine having party together....lol Back home sweet home.
Did you meet in Cancun some attractive secretaries from the Nixon administration?
Always trade your own plan...I don't provide trading signals.
  • #690,636
  • Edited 11:26pm Oct 1, 2022 11:44am | Edited 11:26pm
I want to know how do people here handle such a situation like this EU m5 chart same day : GU was even worst assume it is GU incase you didn't watch EU but assume similar scenario to manage.

Please take your convenient time but do reply so i can also see from your eyes and thought process.

After asia Up 40 pips
Down 120 pips
Up 72 pips
Down 40 pips
Up 40 pips

In my case I was bearish overall trend both fundamentally and technically analysis wise and already manage to get into the 120 pip down move now what shall i do

- Book the profit and close the trade
- since i am bearish overall so hold the trade
- how shall i buy when my trend both fundamentally and technically is bearish and every up leg i will sell and get my SL hit which will eat also the unrealised profit in hand
- and not taking profit perhaps price eventually reach to my entry and i get nothing.

I would be grateful to listen and understand how you all deal with it. Do you like to enter in each side of the trade or hedge keeping your original bias or let it stay in draw down till SL hit.

Please let me know for my better understanding, wanted to learn via brainstorming here.

Thank you in advance o everyone who will spare some time to answer me
Regards
bilal
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"Exchange of hands"
  • #690,637
  • Oct 1, 2022 11:55am Oct 1, 2022 11:55am
Quoting Robinhood1
I will call this resistence Robin I am not saying it could not be a resistence, the issue is , always happens when i enter!!! I can beat the entity´s Algo now, no doubt about it. It just takes longer than it should. Have to hold underwater. {image}
Price locking has now drop to my last entry as can be verified. This is so cheeky. Manipulation specific to my person. Then we have a legendary making thousands a day with total impunity and the vast majority giving likes. Who can be so stupid to believe such a scam? There are more scammers posting than not. The reason why I keep posting is to once and for all show them how they are defeated. Coming soon.
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POSTMASTER
  • #690,638
  • Oct 1, 2022 12:04pm Oct 1, 2022 12:04pm
Quoting Robinhood1
{quote} Price locking has now drop to my last entry as can be verified. This is so cheeky. Manipulation specific to my person. Then we have a legendary making thousands a day with total impunity and the vast majority giving likes. Who can be so stupid to believe such a scam? There are more scammers posting than not. The reason why I keep posting is to once and for all show them how they are defeated. Coming soon. {image}
Now 5 candles locked. Lets see how many more.Time to take the dog for a walk.

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POSTMASTER
  • #690,639
  • Oct 1, 2022 12:14pm Oct 1, 2022 12:14pm
Quoting bilal1947
I want to know how do people here handle such a situation like this EU m5 chart same day : After asia Up 40 pips Down 120 pips Up 72 pips Down 40 pips Up 40 pips I would be grateful to listen and understand how you all deal with it. Do you like to enter in each side of the trade or hedge keeping your original bias or let it stay in draw down till SL hit. Please let me know for my better understanding, wanted to learn via brainstorming here. Thank you in advance o everyone who will spare some time to answer me Regards bilal {image}
I wasn't focused on EurUsd...but I won something...
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God bless you bilal1947 and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #690,640
  • Oct 1, 2022 12:28pm Oct 1, 2022 12:28pm
Quoting KareemAliFx
{quote} This ain’t a “relief” rally as this is actually a trend reversal. I say this mainly as I expect USD weakness. Only time will reveal the truth.
what makes u say this?
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