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Cable Update (GBPUSD)

  • #692,281
  • Oct 5, 2022 7:21pm Oct 5, 2022 7:21pm
Quoting montygoldy
{quote} same spot long as well
closed as well
Extreme gut feeling trader
  • #692,282
  • Edited 8:15pm Oct 5, 2022 7:44pm | Edited 8:15pm
Oh....my....God...

I'll be with you guys very soon. My brain actually started to hurt. I started seein' things..
Will post a chart soon. Anyway, you remember it is supply and demand? Retracement in supply and demand? WHAT? Stay here! This could be a complete trash what I'm about to share.. but maybe?? I think what price is doing after big order is completed is rubbish. It continues creating candles but is actually waiting for another big order. These big orders seem to be put on pause a few times and this is where that retracement kicks in. We could very well see this when BoJ intervened. They had big short order, but the price didn't fall immediately 500 pips, first it fell 300 and then later 200 pips more, they resumed the order. For this reason it is perhaps best not to trade when there are no news because the price basically doesn't move, I mean it moves but it's in a range so it is like it's not going up nor down, because there are no big orders anymore. The price stalls. Recognizing from where supply or demand is coming from and for how long (what price is the target) is the key to Forex trading. When you have a strong sell or buy don't let them fool you with some minor retracements! Keep in mind there is a big order filling in. The more little retracements come, the greater the order.

Okay... too crazy or?
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  • #692,283
  • Oct 5, 2022 7:56pm Oct 5, 2022 7:56pm
Supply at 1.13880.

Quoting TheWolf
Oh....my....God... I'll be with you guys very soon. My brain actually started to hurt. I started seein' things.. Will post a chart soon. Anyway, you remember it is supply and demand? Retracement in supply and demand? WHAT? Stay here! This could be a complete trash what I'm about to share.. but maybe?? Okay... too crazy or? {image}
Funded trader
  • #692,284
  • Oct 5, 2022 7:58pm Oct 5, 2022 7:58pm
Quoting TheWolf
{quote} Dude, what the hell is this shit? Leave these idio** as soon as you can! These 2 4H candles made +100 pips move! These 2 candles have probably got many people out of trade and as far as I can see they opened and closed at the exact pip.. The thing about this PARTICULAR pattern these two candles form, well you'll find them at resistance and support levels! This pattern may very well be the dirty play they are pulling sometimes. My broker isn't, but your definitely is. That's why when you are looking at the charts from traders who are trading...
It’s why I posted it here. I have posted stuff on other boards years ago also.
Compulsions can be hard to resist
  • #692,285
  • Oct 5, 2022 8:02pm Oct 5, 2022 8:02pm
Quoting tenkanzen
Those who want to buy Cable, you may consider buying GBPJPY instead. AUDJPY has returned to green territory. The only issue is Kuroda will be speaking tomorrow (tentatively) and he should be lobbying for a stronger JPY this time. So that represents potential issues for GBPJPY buys. But on the other hand, if Kuroda doesn't present a strong enough case, then XXXJPY pairs will continue to rally (key: continue; we are roughly at the same levels before BoJ came out with guns blazing) and GBPJPY has the biggest propensity to rally, despite UK "woes"....
Nice to wake up to an overnight TP.

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Cable is also green, same as GBPJPY is terms of percentage, but buying GBPJPY collects, not pay swap.
  • #692,286
  • Oct 5, 2022 8:05pm Oct 5, 2022 8:05pm
Closed GU Long at 1.13628. +26 pips.
Funded trader
  • #692,287
  • Oct 5, 2022 8:19pm Oct 5, 2022 8:19pm
Quoting tenkanzen
{quote} {image} Don't want to fight the trend, although it should hit $95 latest by tomorrow.
Current price: $94.692.

HOD: $94.919.

Probably will hit $95 anytime.
  • #692,288
  • Oct 5, 2022 9:28pm Oct 5, 2022 9:28pm
Quoting Georginson
7 of the last 10 Octobers have ended bearish for EUR against Dollar... Pound not so far behind this stat also.
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #692,289
  • Oct 5, 2022 9:31pm Oct 5, 2022 9:31pm
Quoting Georginson
7 of the last 10 Octobers have ended bearish for EUR against Dollar... Pound not so far behind this stat also.
Attached Image (click to enlarge)
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #692,290
  • Oct 5, 2022 9:44pm Oct 5, 2022 9:44pm
30 min
if it breaks 1.13771 then 100 points move you can possible till resistance
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!! Radha Radha !!
  • #692,291
  • Oct 5, 2022 9:52pm Oct 5, 2022 9:52pm
Couple of longs open .. targetting 1.14200… hope to wake up with tp hit … otherwise margin call ….
Extreme gut feeling trader
  • #692,292
  • Edited 11:10pm Oct 5, 2022 10:15pm | Edited 11:10pm
Quoting Waveskierrob
{quote} 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
Wow, thanks for all your DM's, hopefully he'll stop now
  • #692,293
  • Oct 5, 2022 10:35pm Oct 5, 2022 10:35pm
Quoting suhas316
30 min if it breaks 1.13771 then 100 points move you can possible till resistance {image}
15 min chart
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!! Radha Radha !!
  • #692,294
  • Edited Oct 6, 2022 1:13am Oct 5, 2022 10:40pm | Edited Oct 6, 2022 1:13am
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
thats what FED wants to control the ppl and let the inflation go higher, of course they will tell we will bring back inflation to 2% and not on cards soon, eventually it is making USD the king who is suffering GBP/EU - No, it is the setting up for parity to move to Digital currencies or something new, perhaps thats what banks conspire at Jackson hall.

and so is the reason money should be with the Govt and Debt/bond market will continue going up everywhere, or money in the hands of public will be useless due to inflation and hence will be easier to accept/move a new system by public.

Dollar retracement could be a preparation for the NFP run.


me dreaming
"Exchange of hands"
  • #692,295
  • Oct 5, 2022 10:52pm Oct 5, 2022 10:52pm
Quoting Moty
finished the day again with 854 $ because i stupide again tomorrow i will trade better i hope {image} {image}
Moty, please do share your system, so others can take benefit too.

have good day
regards
bilal
"Exchange of hands"
  • #692,296
  • Oct 5, 2022 11:08pm Oct 5, 2022 11:08pm
Quoting bilal1947
{quote} thats what FED wants to control the ppl and let the inflation go higher, of course they will tell we will bring back inflation to 2% and not on cards soon, eventually it is making USD the king who is suffering GBP/EU - No, it is the setting up for parity to move to Digital currencies or something new, perhaps thats what banks conspire at Jackson hall. and so is the reason money should be with the Govt and Debt market will continue going up everywhere, or money in the hands of public will be useless due to inflation and hence will be easier...
Americans are investing heavily in other countries.
May benot officially, but many take overs are being take place around the world by Americans rn.
They are getting everything at discounted price!
More time in the market, does not mean you trade better!
  • #692,297
  • Oct 5, 2022 11:09pm Oct 5, 2022 11:09pm
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close up
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yes yes yes
  • #692,298
  • Oct 5, 2022 11:11pm Oct 5, 2022 11:11pm
Short at 1.13612 - TP : 20p
There is a possibility that the price will go up & I will add again
Today's daily target: 20 pips (total trades)
There is nothing wrong with being kind & loving to each other
  • #692,299
  • Oct 5, 2022 11:23pm Oct 5, 2022 11:23pm
Will short above Asian high
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Read the chart... Fundies are catalyst...
  • #692,300
  • Oct 5, 2022 11:28pm Oct 5, 2022 11:28pm
Short at 1.13573
SL - 1.14053
TP - 1.11072
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Goddess of Thunder..
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