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Cable Update (GBPUSD)

  • #691,261
  • Oct 3, 2022 6:07pm Oct 3, 2022 6:07pm
Quoting Chris_35
{quote} Your broker seems more like a crook to me with 50 to 100 spread
Time of day. Now they have settled to 10 to 20 with the GBPCAD 31, GBPJPY 27, NZDCAD 31 as anomalies.
  • #691,262
  • Oct 3, 2022 6:07pm Oct 3, 2022 6:07pm
After 114 area on the weekly, 115 looks like a resistance area on the daily.
Compulsions can be hard to resist
  • #691,263
  • Oct 3, 2022 6:14pm Oct 3, 2022 6:14pm
Quoting BeeTogether
{quote} Cheers mate, target still 112 ( dreams of 107 gone)
My level was taken out today, glad I held to enter short last night. Not fancy trading GU atm, fake somehow. Good luck with your short.

Kwaki has kwacked, reversed tax back to 45%, told you this will be reinstated. Idk, not a fan. Low income peeps will save £200 / year while higher earner would have gained £15k a year.
  • #691,264
  • Oct 3, 2022 8:41pm Oct 3, 2022 8:41pm
This about to pump hard
Master your mind. Master Trading.
  • #691,265
  • Edited 9:07pm Oct 3, 2022 8:54pm | Edited 9:07pm
Quoting BeeTogether
{quote} Cheers mate, target still 112 ( dreams of 107 gone)
Not necessarily, if we get to 112, I believe bears will attempt to breach 110 and from there, anything is possible.

When violent moves happen, they tend to fade back. GBP was taking a huge dump last week and look how violently we covered back all ground. It is now a question of where this new "equilibirum" lies and how we move from that point on.

Remember, Asian session yesterday, GBPUSD was red (around -0.4%) and looking at breaching 1.10. Suddenly, in two swift junctions, it is at 1.13.

I don't think we have any "strong support" formed during this run-up. Right now, if 1.13 slips, bears will target 1.12 and from what we saw yesterday during Asian session, 1.12-1.11 does not have any strong supports either. In other words, I'm not sure where is the landing point from 1.13-1.10.

Let's see.

EDIT: Bear scenario, not citing it is bearish. At this point, like I said, I want to see where the "equilibrium" is.
  • #691,266
  • Oct 3, 2022 9:09pm Oct 3, 2022 9:09pm
Quoting KareemAliFx
This about to pump hard
Dump?
  • #691,267
  • Oct 3, 2022 9:10pm Oct 3, 2022 9:10pm
Quoting Robinhood1
{quote} Lets keep selling this sh&t
GJ Correlation

BoR intervention

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POSTMASTER
  • #691,268
  • Oct 3, 2022 9:27pm Oct 3, 2022 9:27pm
Quoting LvMMT
{quote} Eur Usd + 28 added... done for today... Good luck folks and have a nice day or a night! {image}{image} https://www.youtube.com/watch?v=ARngRnlhzZw God bless everyone!
Inserted Video
POSTMASTER
  • #691,269
  • Oct 3, 2022 9:51pm Oct 3, 2022 9:51pm
Quoting mallee
{quote} Dump?
We have to lose at least 100 pips for bears to rear their heads.
  • #691,270
  • Oct 3, 2022 10:04pm Oct 3, 2022 10:04pm
Quoting mallee
{quote} Dump?
What dump?
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Master your mind. Master Trading.
  • #691,271
  • Oct 3, 2022 10:13pm Oct 3, 2022 10:13pm
EU
Making higher low = each pullback is met with higher buying interest/ sellers expect the market would not go lower so they take their profit early.
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GU shorts probably watchout! You run high risks to be stopped out!
More time in the market, does not mean you trade better!
  • #691,272
  • Oct 3, 2022 10:25pm Oct 3, 2022 10:25pm
Quoting KareemAliFx
{quote} What dump? {image}
Nice trade Bro Kareem.

Maybe what was meant is "correction" or retest previous BO zone before the "real" pump.

This is how I see it. (Putting up a chart as my enlish is very inferior as non native englihs speaking person )
Any comment welcome for educational purpose.

Thanks for sharing your trade ideas here.

Best Wishes
PAT

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #691,273
  • Oct 3, 2022 10:41pm Oct 3, 2022 10:41pm
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yes yes yes
  • #691,274
  • Oct 3, 2022 10:42pm Oct 3, 2022 10:42pm
How many times she want to sweep all SL before going to 1.1400
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #691,275
  • Oct 3, 2022 10:54pm Oct 3, 2022 10:54pm
Quoting Fardeen1209
EU Making higher low = each pullback is met with higher buying interest/ sellers expect the market would not go lower so they take their profit early. {image} GU shorts probably watchout! You run high risks to be stopped out!
It is below parity, throwing out all technical or fundamental analysis, people are not too eager to bet big that it sinks more. Just pyshcological pricing.
  • #691,276
  • Oct 3, 2022 10:56pm Oct 3, 2022 10:56pm
Quoting Pat Chiko
{quote} Nice trade Bro Kareem. Maybe what was meant is "correction" or retest previous BO zone before the "real" pump. This is how I see it. (Putting up a chart as my enlish is very inferior as non native englihs speaking person ) Any comment welcome for educational purpose. Thanks for sharing your trade ideas here. Best Wishes PAT {image}{image}
If we can't see a clean break below 1.13 by Asian close, will the retest still hold?
  • #691,277
  • Oct 3, 2022 11:03pm Oct 3, 2022 11:03pm
Quoting Pat Chiko
{quote} Nice trade Bro Kareem. Maybe what was meant is "correction" or retest previous BO zone before the "real" pump. This is how I see it. (Putting up a chart as my enlish is very inferior as non native englihs speaking person ) Any comment welcome for educational purpose. Thanks for sharing your trade ideas here. Best Wishes PAT {image}{image}
GU

Scalp SHORT to RT zone

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #691,278
  • Oct 3, 2022 11:07pm Oct 3, 2022 11:07pm
pure multi time frame trading at its best

1 hour macd is bearish - 0

price above daily time frame 20 sma

so if price breaks this level, i sell
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  • #691,279
  • Oct 3, 2022 11:07pm Oct 3, 2022 11:07pm
Quoting tenkanzen
{quote} If we can't see a clean break below 1.13 by Asian close, will the retest still hold?

On retest is the place MM hunt for liquidity.
Price already break YH and now going to take liquidity at RSF zone, that is lower than Asia low.

I see the LQ is below 1.13 area, ie previous Break Out zone.
That's my newbie view only.

Peace.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #691,280
  • Oct 3, 2022 11:12pm Oct 3, 2022 11:12pm
Quoting Pat Chiko
{quote} GU Scalp SHORT to RT zone {image}
GU

Whichever comes first,
I hope not the SL.....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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