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Cable Update (GBPUSD)

  • #690,901
  • Oct 3, 2022 1:45am Oct 3, 2022 1:45am
Quoting Pat Chiko
{quote} GU N3 Scalp SRF {image}
GU

Target RSF. H4 "kink"
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #690,902
  • Oct 3, 2022 1:46am Oct 3, 2022 1:46am
Quoting Waveskierrob
{quote} Placing a trade is always a good idea....got to be in it to win it....
True talk!
  • #690,903
  • Oct 3, 2022 1:47am Oct 3, 2022 1:47am
Quoting BeeTogether
Looking for a othe big push down. The news is good and bad. Good that more tax will be collected albeit from a very small percentage. Bad as it shows the frailty of the government. Liz out by April I think
Trap door opened ?.............

Hey Sohail..
Good morning, how's your weekends Bro ?.

Have a gReen Weeks and take care
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #690,904
  • Oct 3, 2022 1:48am Oct 3, 2022 1:48am
Long 1166.
SL 1066
TP 1300

That's my trade.
  • #690,905
  • Oct 3, 2022 1:48am Oct 3, 2022 1:48am
Quoting BeeTogether
Looking for a othe big push down. The news is good and bad. Good that more tax will be collected albeit from a very small percentage. Bad as it shows the frailty of the government. Liz out by April I think
My thoughts. It shows how clueless the government is. We faded 100 pips, I'm really excited to see what LO brings.
  • #690,906
  • Oct 3, 2022 1:50am Oct 3, 2022 1:50am
Bought at 1.1175, target 1.1300
... Second buy limit at 1.1110
Data + Stat + Risk/Emotions Management
  • #690,907
  • Oct 3, 2022 1:51am Oct 3, 2022 1:51am
Hello there friends. I hope that everyone had a good weekend with lots of rest and fun

I see that GU has been going silly to start the session off today. I couldn't make an entry as I just got home, but Kuroda San has given me an entry with my Sell Limit on UJ. Now we can wait and see where it goes

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #690,908
  • Oct 3, 2022 1:51am Oct 3, 2022 1:51am
Well that was a fantastic start . Chased it just past the resistance. So it tell us it can break . And a nice move back to my ema as we know you never get that much open space . I had 1.311 and 1.346 is target so can we build it allllll back
  • #690,909
  • Oct 3, 2022 1:55am Oct 3, 2022 1:55am
Quoting BeeTogether
Looking for a othe big push down. The news is good and bad. Good that more tax will be collected albeit from a very small percentage. Bad as it shows the frailty of the government. Liz out by April I think
Abolition of the 45p tax rate will not go ahead, confirms UK Chancellor Kwasi Kwarteng
Surely must be one of the fastest U-turns by a PM and Chancellor?!

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #690,910
  • Oct 3, 2022 1:56am Oct 3, 2022 1:56am
Attached Image (click to enlarge)
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i am invincible
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yes yes yes
  • #690,911
  • Oct 3, 2022 1:56am Oct 3, 2022 1:56am
Quoting Mitiblotch
Long 1166. SL 1066 TP 1300 That's my trade.
Going to test 1.124 yet again

Bouncing off..
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  • #690,912
  • Oct 3, 2022 1:58am Oct 3, 2022 1:58am
Long at 112 tp 113 following the herd. Although this won’t last I see a drop later
Insane in the Brain..
  • #690,913
  • Oct 3, 2022 2:00am Oct 3, 2022 2:00am
Just be careful with cable it just might keep going dow it the 3 Rd support area
  • #690,914
  • Oct 3, 2022 2:05am Oct 3, 2022 2:05am
Quoting BeeTogether
Long at 112 tp 113 following the herd. Although this won’t last I see a drop later
Pound jumps as UK PM Truss & chancellor Kwarteng have abandoned plan to abolish top rate of income tax for highest earners in astonishing U-turn.
Kwarteng acknowledged that plan to axe 45% rate on earnings >£150,000 in a move to be paid for by borrowing had become "distraction."

Can it sustain ?. Or just a knee jerk ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #690,915
  • Oct 3, 2022 2:07am Oct 3, 2022 2:07am
Quoting Indiara
Hello there friends. I hope that everyone had a good weekend with lots of rest and fun I see that GU has been going silly to start the session off today. I couldn't make an entry as I just got home, but Kuroda San has given me an entry with my Sell Limit on UJ. Now we can wait and see where it goes {image}
UJ long based on TA.
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  • #690,916
  • Oct 3, 2022 2:09am Oct 3, 2022 2:09am
Simple price structure.

Break and Retest.

Let's see if price retest does hold and continue going long, if price breaks 11589 then I'll abort my long idea for for the day.
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Plan your trades and trade your plan.
  • #690,917
  • Oct 3, 2022 2:09am Oct 3, 2022 2:09am
Quoting firsttimer
{quote} UJ long based on TA. {image}
Perhaps we can both make some pips
I am neither brave nor stupid...I am just a part time trader
  • #690,918
  • Edited 2:38am Oct 3, 2022 2:12am | Edited 2:38am
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  • #690,919
  • Oct 3, 2022 2:14am Oct 3, 2022 2:14am
Quoting Pat Chiko
{quote} Pound jumps as UK PM Truss & chancellor Kwarteng have abandoned plan to abolish top rate of income tax for highest earners in astonishing U-turn. Kwarteng acknowledged that plan to axe 45% rate on earnings >£150,000 in a move to be paid for by borrowing had become "distraction." Can it sustain ?. Or just a knee jerk ?
knee jerk imho the cut only helped a very very small minority also this shows the weakness in the government
Insane in the Brain..
  • #690,920
  • Oct 3, 2022 2:15am Oct 3, 2022 2:15am
Quoting Pat Chiko
{quote} GU Target RSF. H4 "kink" {image}
GU

Target 1 & 2.

But The Damage is already done
Will this be the end of the aggressive Selling against the pound?
That depends on the Federal Reserve’s and Interest Rates
Attached Image (click to enlarge)
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UK income tax reversal “saves” around £2bn
Not huge in context of other unfunded tax cuts (see below from Mini-Budget) but the reversal in stance is key. $GBP marginally higher, Gilts now 5-10bp lower
BUT: budget deficit + current account deficit situation still stands
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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