Cable Update (GBPUSD) | Page 34612 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #692,221
  • Oct 5, 2022 1:57pm Oct 5, 2022 1:57pm
Quoting Pat Chiko
{quote} Least I could do to help others. Sharing knowledge helps us connect, perform better, and become stronger as professionals. That's what we are here for.
Yes ...you would think so...
  • #692,222
  • Oct 5, 2022 1:57pm Oct 5, 2022 1:57pm
Quoting Pat Chiko
{quote} Nice Wolf. Break out retest and bear in control. Wait for Friday, if it happens
I am also preparing to long the crap out of USD/JPY on Friday. Before the news I'll stack buy orders 40, 50 pips above the price. I think NFP will give us at least 150,200 pips. (147.20 is the number that keeps ringing in my head, dunno why) .
  • #692,223
  • Oct 5, 2022 1:58pm Oct 5, 2022 1:58pm
Quoting Pat Chiko
{quote} GU From weekly analysis, going to H4. (If break out happened) GBPUSD extended its daily losses, falling below 1.1300 in the second half of Wednesday. The dollar's strength continued unabated on the back of upbeat ISM Services PMI and ADP employment change data, forcing the pair to continue lower. See chart below.{image} The GBPUSD price is in Daily Resistance Level and Resistance Trend Line (RTL) Bearish move is possible on break out. Waititng for breakout and retest on key level TARGET: 1.06500
The move from 1.0350 to 1.1497 so far seem to be corrective and fall resumption to 1.10 area is the first area of interest to me as far as price does not break 1.1550 territory. I will now be selling every rise for a target of 1.10 for this October only.
Data + Stat + Risk/Emotions Management
  • #692,224
  • Oct 5, 2022 1:58pm Oct 5, 2022 1:58pm
and H4 view
Attached Image (click to enlarge)
Click to Enlarge Name: w.jpg Size: 208 KB
Trendlines H1,H4, SMC
  • #692,225
  • Oct 5, 2022 1:58pm Oct 5, 2022 1:58pm
Quoting TheWolf
{quote} I have closed 2nd position. I left only 1st sell from 164.800. On 4H chart, 4H candle closed just above the yellow line I have it seems likely it is bouncing from here again. This is the crucial number I have on 4H chart on GBP/JPY. It is telling me if this 4H candle closes above 164.30 then this is 99% continuation of the buy. If, however it closes below 164.30 (fails to break through the gray line), it will bounce from here and new leg down is coming and I'll be stacking short here tommorow.
Thanks for update Wolf.
Keeping tab on price action, as I sometimes missed few key area/zone in making trade decision.

With your feed back, I've chance to look back at my trades/set up for 2nd opininon.

Best Regards

PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,226
  • Oct 5, 2022 1:59pm Oct 5, 2022 1:59pm
Quoting Pat Chiko
{quote} Least I could do to help others. Sharing knowledge helps us connect, perform better, and become stronger as professionals. That's what we are here for.
Told you.. if we picked ten best performing traders here on cable forum and join them in a group they would be invincible! Not including myself hahaah
  • #692,227
  • Oct 5, 2022 1:59pm Oct 5, 2022 1:59pm
Target for my long trades is 1.1430
  • #692,228
  • Oct 5, 2022 2:05pm Oct 5, 2022 2:05pm
Quoting Georginson
{quote} The move from 1.0350 to 1.1497 so far seem to be corrective and fall resumption to 1.10 area is the first area of interest to me as far as price does not break 1.1550 territory. I will now be selling every rise for a target of 1.10 for this October only.
USD on the final 100m.
This is what I see.
This coming month will be the last one they do before the Midterm elections.
DXY is rallying, they can't afford to turn the printer back on.
Still expecting interest rates to go 75 though.

After Midterm, USD will burst.

I don't see they want to turn the printer on if CPI is still over 8%.
Especially when they've been so public about 2% target.
Printer takes them to double digit inflation and likely secures a future recession.

FED got to be careful for that, since they just want to clear Midterm
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,229
  • Oct 5, 2022 2:09pm Oct 5, 2022 2:09pm
the mf shake me out with the false break
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
Click to Enlarge Name: gu1.png Size: 15 KB
yes yes yes
  • #692,230
  • Oct 5, 2022 2:10pm Oct 5, 2022 2:10pm
Quoting BeeTogether
{quote} 1.06X a huge drop zone. Let’s hope we can get there sooner rather than later
Not with single trap door stunt of drop....
It need liquidity to drop in sequence and series or S&R zones.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,231
  • Oct 5, 2022 2:13pm Oct 5, 2022 2:13pm
Quoting Pat Chiko
{quote} USD on the final 100m. This is what I see. This coming month will be the last one they do before the Midterm elections. DXY is rallying, they can't afford to turn the printer back on. Still expecting interest rates to go 75 though. After Midterm, USD will burst. I don't see they want to turn the printer on if CPI is still over 8%. Especially when they've been so public about 2% target. Printer takes them to double digit inflation and likely secures a future recession. FED got to be careful for that, since they just want to clear Midterm
I predict that when kid get's home and it has to eventually, the garden will explode. What do I mean haha? I mean when big sell off of USD happens and all of the USD returns Home, inflation will be so high it's not even funny.. As some expert said: they are currently exporting some of the inflation, but when countries like China, Japan and everyone else start selling USD, that will be a thing to watch..

Or rates will destroy economy..

Either way, we are witnessing the end of USD as a reserve currency, I bet you that!
  • #692,232
  • Oct 5, 2022 2:13pm Oct 5, 2022 2:13pm
Quoting LvMMT
{quote} +28 added & +35 added... I recovered the loss... {image}{image} God bless everyone!
last one...it remains for tomorrow....

Attached Image (click to enlarge)
Click to Enlarge Name: 2022.10.05 22.09.24 PM.png Size: 20 KB

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #692,233
  • Oct 5, 2022 2:13pm Oct 5, 2022 2:13pm
Quoting Waveskierrob
{quote} I'm not really thinking of what you want, I'm thinking of the others on this thread that have to endure this charade, please stop embarring yourself and just post your charts and leave others alone .....many thanks again...
You and bubble head are the cause of this charade. You and him have been picking and provoking a response all week long, subtle hints, but hey that's how you operate. I am here if you want me.
Trade to trade another day
  • #692,234
  • Oct 5, 2022 2:15pm Oct 5, 2022 2:15pm
Quoting Pat Chiko
{quote} Not with single trap door stunt of drop.... It need liquidity to drop in sequence and series or S&R zones.
We may very well see 1.15 again or close to it and then double top and byebye. If price get's close to 1.15, this should convince A LOT of traders that buy continues and that the next TP is at 1.17.
  • #692,235
  • Oct 5, 2022 2:15pm Oct 5, 2022 2:15pm
Quoting Waveskierrob
{quote} Yes ...you would think so...
Break time.
Forward to 100 people for good luck...
Attached Image (click to enlarge)
Click to Enlarge Name: wrong message.jpg Size: 45 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,236
  • Oct 5, 2022 2:21pm Oct 5, 2022 2:21pm
Attached Image (click to enlarge)
Click to Enlarge Name: busy 2.jpg Size: 53 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,237
  • Oct 5, 2022 2:24pm Oct 5, 2022 2:24pm
Quoting LvMMT
{quote} last one...it remains for tomorrow.... {image} God bless everyone!
This makes a great sense! Tommorow last buy. Non-Farm USD King. I might join long with you depending on this 4H candle now.
Even though I'm short at the moment I wish we have another buy before NFP, because then, WE GOT THEM! Maybe..
  • #692,238
  • Oct 5, 2022 2:25pm Oct 5, 2022 2:25pm
Quoting DrDave
{quote} {image}
Dave, please, post your pics, and don't mess with mine.
Always trade your own plan...I don't provide trading signals.
  • #692,239
  • Oct 5, 2022 2:25pm Oct 5, 2022 2:25pm
Quoting tenkanzen
{quote} Equities should turn green to end the day. Pity, should had held.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
  • #692,240
  • Oct 5, 2022 2:27pm Oct 5, 2022 2:27pm
Quoting Wavegarrick
{quote} You and bubble head are the cause of this charade. You and him have been picking and provoking a response all week long, subtle hints, but hey that's how you operate. I am here if you want me.
If you want to call me names and let off your frustrations thats fine, fill your boots just do it on DM, I sure others on this thread will be glad of the peace and quiet , like if you agreed
340 traders viewing now