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Cable Update (GBPUSD)

  • #692,241
  • Oct 5, 2022 2:28pm Oct 5, 2022 2:28pm
Loser Not Looser
Trade to trade another day
  • #692,242
  • Oct 5, 2022 2:30pm Oct 5, 2022 2:30pm
pull back ?
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yes yes yes
  • #692,243
  • Oct 5, 2022 2:30pm Oct 5, 2022 2:30pm
7 of the last 10 Octobers have ended bearish for EUR against Dollar... Pound not so far behind this stat also.
Data + Stat + Risk/Emotions Management
  • #692,244
  • Oct 5, 2022 2:31pm Oct 5, 2022 2:31pm
Quoting tenkanzen
{quote} {image}
US30 & NAS100
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God bless you tenkanzen and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #692,245
  • Oct 5, 2022 2:38pm Oct 5, 2022 2:38pm
Quoting Wavegarrick
Loser Not Looser
Here, on Cable forum, there are only winers!!






Just jokin' hahah!
I mean, the winner part is true, although the spelling isn't..
  • #692,246
  • Oct 5, 2022 2:42pm Oct 5, 2022 2:42pm
Quoting Mitiblotch
Target is 200 MA on the 15mins being 1365 area.
MAs are bloody good if you know how to use them.
  • #692,247
  • Oct 5, 2022 2:43pm Oct 5, 2022 2:43pm
There is one thing I learned. First sell is almost never a big sell, same for buy.

PAT!! I have a question for you!


Let's say for example the price gets to 1.15. What is better then? Is it better to wait for potential LQ grab and when price falls below 1.15 again and then enter short or is it better not to wait for LQ grab which my or may not come and start shorting as soon as the price get's to 1.15?

Thanks!
  • #692,248
  • Oct 5, 2022 2:45pm Oct 5, 2022 2:45pm
I'm short on GBPAUD, I'm targeting 50 pips movement..

1.73550 80 pips
My telegram: https://t.me/avidforex
  • #692,249
  • Oct 5, 2022 2:50pm Oct 5, 2022 2:50pm
Quoting TheWolf
{quote} 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!
Hmm... ending of USD as world reserve currency? So what are we going to use? We have been predicting this thing forever, but I am sure nothing of such is close. The world is happy the way it is, except Russia and a few dissidents.

I dont see it changing in a long while. Whatever the world finally uses, the Americans are going to be in on it first and in absolute control of it as usual.
  • #692,250
  • Oct 5, 2022 2:54pm Oct 5, 2022 2:54pm
Quoting TheWolf
There is one thing I learned. First sell is almost never a big sell, same for buy. PAT!! I have a question for you! Let's say for example the price gets to 1.15. What is better then? Is it better to wait for potential LQ grab and when price falls below 1.15 again and then enter short or is it better not to wait for LQ grab which my or may not come and start shorting as soon as the price get's to 1.15? Thanks!
Wait for RT.
Normally it will RT at S&R zone, where LQ resides.

NOTE:
Price below Daily RTL
Price broken the H4 STL.
They are in Bear country.
Chart below.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,251
  • Oct 5, 2022 2:55pm Oct 5, 2022 2:55pm
drop time
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yes yes yes
  • #692,252
  • Oct 5, 2022 2:56pm Oct 5, 2022 2:56pm
Quoting Mitiblotch
{quote} Hmm... ending of USD as world reserve currency? So what are we going to use? We have been predicting this thing forever, but I am sure nothing of such is close. The world is happy the way it is, except Russia and a few dissidents. I dont see it changing in a long while. Whatever the world finally uses, the Americans are going to be in on it first and in absolute control of it as usual.
Ray Dalio predicted that the next world's reserve currency is going to be CNY. Maybe the part about reserve currency is a bit of a stretch but who knows..
  • #692,253
  • Oct 5, 2022 3:05pm Oct 5, 2022 3:05pm
Quoting Moty
drop time {image}
LOL. If you call a pullback on the 4m TF that is expected to stay above about 1.1310 a drop, then OK, it's drop time. Otherwise, it's time to wait to see how the pullback ends and check if an up continuation entry forms, or if the pullback goes too far down.
To free Gazans of Hamas, use whatever it takes.
  • #692,254
  • Oct 5, 2022 3:06pm Oct 5, 2022 3:06pm
GU

One more for LQ
Scalp long.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,255
  • Oct 5, 2022 3:07pm Oct 5, 2022 3:07pm
Quoting TheWolf
{quote} . Either way, we are witnessing the end of USD as a reserve currency, I bet you that!
Sorry Wolf but you're about 10 years too late on that claim - every 10 years or so people begin talking like that. Heck they even formed BRICS (Brazil, Russia, India, China and Saudia Arabia; just using memory here so may not be 100% accurate) to try and displace the USD - didn't work. People are creatures of habit and let's face it do you trust the BRICS countries with YOUR money as a reserve?
...because you never know - until you do!
  • #692,256
  • Oct 5, 2022 3:12pm Oct 5, 2022 3:12pm
Quoting Pat Chiko
GU One more for LQ Scalp long.{image}
GU

Scalp LONG
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,257
  • Oct 5, 2022 3:27pm Oct 5, 2022 3:27pm
Quoting Pat Chiko
{quote} Wait for RT. Normally it will RT at S&R zone, where LQ resides. NOTE: Price below Daily RTL Price broken the H4 STL. They are in Bear country. Chart below.{image}
YES! Thanks man!! Now I actually remembered that whenever price breaks resistance and support it gives that small retracement to resistance and support and then continues up or down. Yeah.. It tests that R or S one more time before flying away. If however that retracement drops below R than this is unlikely fake push and LQ grab before going the other way.
  • #692,258
  • Oct 5, 2022 3:31pm Oct 5, 2022 3:31pm
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
Pat,

Do you really think that the FED cares about the election?

In the past I would have totally agreed with your above statement; today I'm not so sure. I really feel like the FED felt violated by Trump and his tweets and comments. Then the FED screwed the pooch with TRANSITORY again & again.

Right now I think that the FED is being headstrong and totally focused on inflation and frankly it's going to be REALLY difficult.

One factor NO ONE has talked about in any forum I've read: HURRICAINE IAN.

I live in Central Florida and visited family last weekend in Fort Myers. It is a modern day gold rush occurring in SWFL now. Every contractor and every vendor is heading there to make their fortune. Gas, food, shelter, electricity - it is all in high demand. If the Biden administration is going to send billions to Ukraine they damn sure better spend that OR MORE for it's own citizens and that will punch up inflation even more.

I'm 4 hours from Ft Myers and it seems like 1/2 of the people from there are now here. No hotel vacancies, shopping lots packed. I had to wait in line 35 minutes for lunch at McDonalds today and was because I waited 10 minutes at Chick Fila and the line didn't move. Im telling you it is crazy.

Inflation is not going away until the FED kills the holy trinity of inflation: WAGES, JOBS, HOUSING.

Look at the jobs numbers today - they increased and last month's were revised UPWARD. Tomorrow you'll hear lots of FED heads talking and yes they are trying to get the market to do some of their work but they will tell you to your face, interest rates are going above 4% by years end. We have been warned.
...because you never know - until you do!
  • #692,259
  • Oct 5, 2022 3:31pm Oct 5, 2022 3:31pm
Quoting fxsport
{quote} Sorry Wolf but you're about 10 years too late on that claim - every 10 years or so people begin talking like that. Heck they even formed BRICS (Brazil, Russia, India, China and Saudia Arabia; just using memory here so may not be 100% accurate) to try and displace the USD - didn't work. People are creatures of habit and let's face it do you trust the BRICS countries with YOUR money as a reserve?
Khm...


You're right, I don't! But maybe it's just because we have a habit of USD being a main* reserve currency..
  • #692,260
  • Oct 5, 2022 3:52pm Oct 5, 2022 3:52pm
Ended the day with 186.
See you all again soon!
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