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Cable Update (GBPUSD)

  • #690,821
  • Oct 2, 2022 1:05pm Oct 2, 2022 1:05pm
Quoting billytt
Have a good new week trading guys n dolls. I love reading your posts, from the couple of really good traders to the hilarious... It is fun. Trade Well All.
...and die happy
  • #690,822
  • Oct 2, 2022 1:07pm Oct 2, 2022 1:07pm
Quoting thevisitor
{quote} ...and die happy
Of course. Be happy to the end.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,823
  • Oct 2, 2022 1:19pm Oct 2, 2022 1:19pm
Opened red however nothing major, this could be 112 tonight
Insane in the Brain..
  • #690,824
  • Oct 2, 2022 1:21pm Oct 2, 2022 1:21pm
Quoting Jolita
{quote} Thanks. Have you ever tried trading weekend GU? Could be a good buy, as usually will retrace to Fridays close.
Huge spreads
  • #690,825
  • Oct 2, 2022 1:27pm Oct 2, 2022 1:27pm
Quoting BeeTogether
Opened red however nothing major, this could be 112 tonight
I thought we have half an hour till market opens?
  • #690,826
  • Oct 2, 2022 1:28pm Oct 2, 2022 1:28pm
Attachment g
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POSTMASTER
  • #690,827
  • Oct 2, 2022 1:30pm Oct 2, 2022 1:30pm
Quoting Robinhood1
{image} {image}
Still holding 5 positions long
POSTMASTER
  • #690,828
  • Oct 2, 2022 1:35pm Oct 2, 2022 1:35pm
GBPUSD price action on the daily time frame is in a technically bearish structure but presently in a bullish corrective mode. There are some northward barriers to further bullish drive, which may incentivize a bearish turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #690,829
  • Oct 2, 2022 1:38pm Oct 2, 2022 1:38pm
Quoting thevisitor
{quote} ...and die happy
Of course. Be happy to the end.
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,830
  • Oct 2, 2022 1:57pm Oct 2, 2022 1:57pm
Quoting tenkanzen
{quote} I thought we have half an hour till market opens?
Uk opens at 9pm London time
Insane in the Brain..
  • #690,831
  • Edited 3:40pm Oct 2, 2022 3:23pm | Edited 3:40pm
Quoting TheWolf
Question for all of you experts! I retraced into the history a little bit and saw that during the 2008 GBP fell around 7000 pips against USD, so now my question is, can we expect the same to happen again? With this kind of math we would be seeing parity which does seem ridiculous. Thoughts?
The post from the beginning of July... so much for parity being impossible..
Added first trade in new Journal and only trade for today (EUR/CHF Long).
  • #690,832
  • Oct 2, 2022 3:43pm Oct 2, 2022 3:43pm
Quoting Waveskierrob
{quote} Huge spreads

Yes, circa 12 pips.
Still a few can be made on tensions. Can be traded weekends opens 8am Sat and cut off on Sunday 8:40pm, position rolls over into weekday. Good for hedging. Interesting, especially during economic events.
  • #690,833
  • Oct 2, 2022 3:59pm Oct 2, 2022 3:59pm
Quoting Jolita
{quote} IG markets weekend rate. https://www.ig.com/uk/indices/market...ekend%20GBPUSD
Thank you and Beetogether!
MY GRID. Markets are NOT random.
  • #690,834
  • Oct 2, 2022 4:06pm Oct 2, 2022 4:06pm
Quoting tenkanzen
{quote} I thought we have half an hour till market opens?
AUSTRALIA has daylight saving kicked in on sunday we moved clock forward our open time is now 8am sydney time
people leave, but this thread will go on for ever
  • #690,835
  • Oct 2, 2022 4:11pm Oct 2, 2022 4:11pm
Quoting TheWolf
{quote} Yo J. I wasn't able to find the exact number
Found this figure -
BOJ spent on intervention - $20 bln and 15% of available funds (Reuters).
  • #690,836
  • Oct 2, 2022 4:25pm Oct 2, 2022 4:25pm
Quoting Jolita
{quote} Found this figure - BOJ spent on intervention - $20 bln and 15% of available funds (Reuters).
Great! Thanks! So we can expect more to come I guess..
  • #690,837
  • Oct 2, 2022 4:45pm Oct 2, 2022 4:45pm
Quoting TheWolf
{quote} Great! Thanks! So we can expect more to come I guess..
I don't think that it is just the BOJ that is intervening and so yes I expect to see more to come.
  • #690,838
  • Oct 2, 2022 6:18pm Oct 2, 2022 6:18pm
Quoting Aussi
{quote} AUSTRALIA has daylight saving kicked in on sunday we moved clock forward our open time is now 8am sydney time
Weird, investing.com didn't update...

Thanks Aussi.
  • #690,839
  • Oct 2, 2022 6:20pm Oct 2, 2022 6:20pm
Quoting TheWolf
{quote} Great! Thanks! So we can expect more to come I guess..
But I don't really expect it to last...

Then I'm waiting for BoJ to announce hikes...that would truly bring chaos.
  • #690,840
  • Oct 2, 2022 6:31pm Oct 2, 2022 6:31pm
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yes yes yes
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