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Cable Update (GBPUSD)

  • #693,721
  • Oct 9, 2022 2:36pm Oct 9, 2022 2:36pm
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  • #693,722
  • Oct 9, 2022 2:55pm Oct 9, 2022 2:55pm
Quoting tenkanzen
{quote} People who know what they're talking about, usually won't say this statement at all. Goes for both of you. Cheers. PS: Posting such an image has zero value, we all know how easy it is to photoshop stuff. Third-rate scammers from India, Pakistan and Nigeria are all already using it.
A tad racist, Third-rate scammers can come from anywhere, think you should apologise before getting banned ...you have been warned
  • #693,723
  • Oct 9, 2022 2:55pm Oct 9, 2022 2:55pm
Quoting Headland
{quote} The thread was never intended to give examples of an edge. As part of a wider discussion as to Why Most Traders Fail, (the title of the thread,!) it was a discussion of what one is, and what you need to know about one. Traders' who have actual empirically proven trading edges over a large forward-tested/traded trading sample(s) rightly regard them as proprietary, and essential intellectual property re their trading business. As such they have an inherent value and traders possessing one (or more) are unlikely/unwise to share them in their...
GREAT POST
  • #693,724
  • Oct 9, 2022 3:05pm Oct 9, 2022 3:05pm
Quoting DrDave
{quote} 1. I will take "diagnosis" as equivalent to "expectation". I make analyses of what is LIKELY to occur, based on TYPICAL behavior as observed from the past. (That is, I use a MODEL to capture the ESSENCE of the ACTUAL. As with ALL models, when ACTUAL data are fed to it, there will be DEVIATIONS in the output from the model compared to the ACTUAL outcomes. Think about a large number of samples collected from a large population. These can be plotted and then a MODEL, called LINEAR REGRESSION, can be associated with that data set. There will...
If I have time on the weekend, I will likely post more details before Monday's trading
More details are here.
To free Gazans of Hamas, use whatever it takes.
  • #693,725
  • Oct 9, 2022 3:24pm Oct 9, 2022 3:24pm
Quoting Jolita
{quote} Lately all tension is about Fed pivots, creates confusion in stock and other markets, easing and abolishment of further interest rate hike. Reed these articles and research on Fed Pivots, will give you better clue. https://www.bloomberg.com/news/newsl...late-on-powell https://www.investmentweek.co.uk/new...ivot-prospects
Investors are hoping a Fed pivot will come soon. But this Fed president says ‘not so fast’ (Bostic).

Thanks for the articles!

There isn't much to be said here yet IN MY OPINION, Powell made it very clear what their goal is and this speculations about Fed pivot is just pure nonsense at the moment.
Not even close to it..
However, I have to say.. although I strongly believe even mentioning Fed pivot is ridiculous at this point in time, I can't turn a blind eye to report that is coming this week (CPI).

"The good, the bad, and the ugly. That’s one way to characterize Friday’s September jobs report at a time when interest rate worries are paramount.
The good news is that the labor market remains robust, slowing at a more moderate pace than experts had expected. Yet that’s also the bad part of the report: Because the economy is continuing to hum along, the Federal Reserve will have no reason to deviate from its hawkish stance." - Teresa Rivas

Link: https://www.barrons.com/articles/job...nt-51664990179


Now the only question that remains is, will inflation also prove to be beyond expectations..
  • #693,726
  • Oct 9, 2022 3:33pm Oct 9, 2022 3:33pm
GBPUSD price action on the daily time frame is in a bearish structure. It made a bullish retest of the former 1.13410 major horizontal support zone (purple) and has flipped it as resistance. Presently, it is a minor horizontal support around 1.10850 but, technically, we would see further bearish move, perhaps, towards the 1.08500 value area (blue).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #693,727
  • Oct 9, 2022 3:35pm Oct 9, 2022 3:35pm
Quoting TheWolf
{quote} Investors are hoping a Fed pivot will come soon. But this Fed president says ‘not so fast’ (Bostic). Thanks for the articles! There isn't much to be said here yet IN MY OPINION, Powell made it very clear what their goal is and this speculations about Fed pivot is just pure nonsense at the moment. Not even close to it.. However, I have to say.. although I strongly believe even mentioning Fed pivot is ridiculous at this point in time, I can't turn a blind eye to report that is coming this week (CPI). "The good, the bad, and the ugly. That’s...
Rising energy prices in the US as a result of the OPEC production cuts will put upwards pressure on prices! Whether the published data reflects it yet, it will happen!
  • #693,728
  • Oct 9, 2022 3:44pm Oct 9, 2022 3:44pm
Usdchf continue upwards. Tp 0.99700. Short at tp
  • #693,729
  • Oct 9, 2022 3:48pm Oct 9, 2022 3:48pm
Quoting KeenPips
GBPUSD price action on the daily time frame is in a bearish structure. It made a bullish retest of the former 1.13410 major horizontal support zone (purple) and has flipped it as resistance. Presently, it is a minor horizontal support around 1.10850 but, technically, we would see further bearish move, perhaps, towards the 1.08500 value area (blue). I may be wrong. Trade safe and prosper. KP {image}
The more buy we get before CPI the better. I just don't see the price having time to go and test 1.15 as some believe will happen. I think this train is long gone. 1.13 is also a stretch, but maybe it will reach that level who knows. Thanks!

Now if everything falls into place, highly likely scenario we will witness is Bulls on Monday, Tuesday and Bears for the rest of the week.
  • #693,730
  • Oct 9, 2022 3:55pm Oct 9, 2022 3:55pm
Quoting Houtbay
Usdchf continue upwards. Tp 0.99700. Short at tp
Long signal on Weekly!
Actually, I have long signal on every TF for USD/CHF.

Weekly confirming it just makes this buy even more probable and even more stronger. 1USD>1CHF this week.
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  • #693,731
  • Oct 9, 2022 3:58pm Oct 9, 2022 3:58pm
This pair is yoyo atm, unless you are already in a trade you have to wait for price action at a D1 or W1 major zone with some confluence (e.g. retest and price imbalance) at an ltf before trading this pair early in the week.

Trade safe, prosper.

KP

Quoting TheWolf
{quote} The more buy we get before CPI the better. I just don't see the price having time to go and test 1.15 as some believe will happen. I think this train is long gone. 1.13 is also a stretch, but maybe it will reach that level who knows. Thanks! Now if everything falls into place, highly likely scenario we will witness is Bulls on Monday, Tuesday and Bears for the rest of the week.
Do your homework, follow the footprints of smart money
  • #693,732
  • Oct 9, 2022 4:01pm Oct 9, 2022 4:01pm
Quoting KeenPips
This pair is yoyo atm, unless you are already in a trade you have to wait for price action at a D1 or W1 major zone with some confluence (e.g. retest and price imbalance) at an ltf before trading this pair early in the week. Trade safe, prosper. KP {quote}
Not in trade! Short term looking to catch some pips going long, long term looking to short the hell out of this pair this week and probably next also. Thanks!
  • #693,733
  • Oct 9, 2022 4:09pm Oct 9, 2022 4:09pm
Quoting TheWolf
{quote} Not in trade! Short term looking to catch some pips going long, long term looking to short the hell out of this pair this week and probably next also. Thanks!
US Bank holiday is supposed to pull liquidity out of the market Monday.
  • #693,734
  • Oct 9, 2022 4:09pm Oct 9, 2022 4:09pm
LoL.. long signal appeared on 15M TF. However, I'm not giving them +10 pips just to enter the trade.
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  • #693,735
  • Oct 9, 2022 4:12pm Oct 9, 2022 4:12pm
Quoting dantpm
{quote} US Bank holiday is supposed to pull liquidity out of the market Monday.
This Monday is the perfect day to just chill and that's all I am going to do. Unlikely I'll trade without the Wall Street Wolves..
I agree!
  • #693,736
  • Oct 9, 2022 4:16pm Oct 9, 2022 4:16pm
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Might not have much movement till we see Europe opens.
  • #693,737
  • Oct 9, 2022 4:29pm Oct 9, 2022 4:29pm
Quoting TheWolf
{quote} The more buy we get before CPI the better. I just don't see the price having time to go and test 1.15 as some believe will happen. I think this train is long gone. 1.13 is also a stretch, but maybe it will reach that level who knows. Thanks! Now if everything falls into place, highly likely scenario we will witness is Bulls on Monday, Tuesday and Bears for the rest of the week.
Purely speculating, it can be Asia selling, UK buying on Monday (same as last week); Asia often continue the Friday move before Europe / London reverses. I would expect that the move up if it happens is done on Wednesday and early Thursday; FOMC minutes can always be read both ways, and if market wants to sell USD and buy risky assets, it will find the narrative it needs. CPI, on the other hand, will probably be a straightforward sell all trade.
  • #693,738
  • Oct 9, 2022 4:34pm Oct 9, 2022 4:34pm
Quoting dantpm
{quote} US Bank holiday is supposed to pull liquidity out of the market Monday.
_____________Thursday
,
November 24
Thanksgiving 2022 in United States
Don’t focus on making $$$, focus on protecting what you have.
  • #693,739
  • Oct 9, 2022 4:36pm Oct 9, 2022 4:36pm
Quoting VM.
{quote} Purely speculating, it can be Asia selling, UK buying on Monday (same as last week); Asia often continue the Friday move before Europe / London reverses. I would expect that the move up if it happens is done on Wednesday and early Thursday; FOMC minutes can always be read both ways, and if market wants to sell USD and buy risky assets, it will find the narrative it needs. CPI, on the other hand, will probably be a straightforward sell all trade.
Hm, I overlooked US PPI on Wednesday. if German PPI is of any indication, the spillover of inflation can be brutal. Situations are different though, much lower energy prices in US... Still, it may be a market mover if there would be a big miss.
  • #693,740
  • Oct 9, 2022 4:48pm Oct 9, 2022 4:48pm
Quoting profits7
{quote} _____________Thursday , November 24 Thanksgiving 2022 in United States
Its' Columbus Day in the US on Oct 10, 2022
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