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Cable Update (GBPUSD)

  • #693,881
  • Oct 10, 2022 3:02am Oct 10, 2022 3:02am
Below the prev 1hr/4hr sw lo that extends down to 1023/24 = prev supp = pot supp there is a prev minor 30min sw hi = prev res = pot rbs, (Dly S1 @/around 1023,)
-then- that prev 1hr/4hr sw hi x 2 zone = prev res = pot rbs. Chart below shows this - dark blue zone below current price. Dly S2 is @/around 0954. usual ubiquitous fibs too.

Challenging that prev 1hr sw lo x 2 zone now/top 1/2 of the 4hr part of prev 1hr/4hr sw lo to 1023/24.

4hr below
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Trader with an Edge.
  • #693,882
  • Oct 10, 2022 3:03am Oct 10, 2022 3:03am
Quoting Pat Chiko
WHY GU excite going up with Tokyo and US holiday. Micro. ? What micro.... {image} BoE announces additional measures to provide a backstop to UK pension funds & gilt markets. They’re happy to buy more this week before temporary bond-buying ends. Plus new facilities that’ll serve as a backstop to LDIs after this week. Whatever it takes to avoid a GBP crisis

Back to the micro...

Source Reuters : "BoE doubles size of bond buy-backs as emergency plan nears expiry "

I can see the move by BOE is too desperate and worse coming off weak..won’t end well for GBP
If this failed, GBP will be going to meet parity sooner than X'mas, but after Hallowen....

And breaking news " UK PENSION FUNDS ARE SELLING ASSETS BEFORE THE EXPIRATION OF BOE SUPPORT."

The question is "Who is buying those assets?"
Investment banks before they beg for bailouts ?. End up the people still the last person to pay...

Next for GBP
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,883
  • Oct 10, 2022 3:04am Oct 10, 2022 3:04am
these candels are looking very dangerous for buyers
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  • #693,884
  • Oct 10, 2022 3:05am Oct 10, 2022 3:05am
Quoting TheWolf
{quote} Well, I have to behave like a human once in a while. Just like my lizard friends also do. Good morning! I'll show you what I drink at night! Buhahaha, or not.. When the Night falls Out of the Shadow At full Moon Comes Wolf Man... I didn't even drank coffee yet. I will say it now! I am not responsible for the things I say after I drink coffee! Take care, or the care will take you! Hihihihi
Share you coffeee here Wolf.

I want to see black or RED ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,885
  • Oct 10, 2022 3:08am Oct 10, 2022 3:08am
If the Brirish government was a "lady of the night" ...
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  • #693,886
  • Oct 10, 2022 3:08am Oct 10, 2022 3:08am
Quoting vulcann1
{quote} Can you explain what your trading plan is?
I am a scalper.

Trading using Support & Resistance only.
Time Frame Daily/H4 Direction.
Time Frame H1/M30 for N3.

I trade basic ,as I'm newbie and don't know how to use indicator.

EDIT : Mostly, I use micro to analyse the market and TA for the N3
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,887
  • Oct 10, 2022 3:08am Oct 10, 2022 3:08am
Quoting Pat Chiko
{quote} Share you coffeee here Wolf. I want to see black or RED ?
There's a saying..the first 15 minutes is always a fake move...

So maybe GU and GJ will reverse..

But some say the first 15 minutes set the pace for the day...
  • #693,888
  • Oct 10, 2022 3:08am Oct 10, 2022 3:08am
Quoting tenkanzen
What time is it in London? Let's go!!!!!!!1
https://www.worldtimezone.com/
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  • #693,889
  • Oct 10, 2022 3:09am Oct 10, 2022 3:09am
Quoting Pat Chiko
{quote} The lunch is not for me. Monday trade profit goes to kitty, with some 20 traders putting up their days profit. Each week , someone turn to put the money in kitty. Food bought from small vendor/owner operated restaurant ( not McD, KFC, Pizza Hut).Support local food vendor, order food, gives to homeless , mostly living under the bridge.{image} Since you're the first to ask.... Next week, is your turn. Do it to the people near to your base. Thank you for participating.
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There is nothing wrong with being kind & loving to each other
  • #693,890
  • Oct 10, 2022 3:11am Oct 10, 2022 3:11am
Quoting MrFanciful
Think it's coming down to take the stops at about 1.105
Okie dokie then let's watch the price action!
  • #693,891
  • Oct 10, 2022 3:11am Oct 10, 2022 3:11am
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r:r 1:3
  • #693,892
  • Oct 10, 2022 3:12am Oct 10, 2022 3:12am
15 min chart has just about completed 3 black crows.
  • #693,893
  • Oct 10, 2022 3:12am Oct 10, 2022 3:12am
Morning folks!! A grim and wet day here in happy London… and with the rain down goes the GU pair.. looks like 1116 -80 is gone let alone 112. Not sure how much lower it will drop though
Insane in the Brain..
  • #693,894
  • Oct 10, 2022 3:13am Oct 10, 2022 3:13am
Hold the line, love isn't always on time, woah woah woah.. 1.1115
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #693,895
  • Oct 10, 2022 3:13am Oct 10, 2022 3:13am
Quoting genadi
{quote} I am buying AUDUSD here at 0.6362 Big position, no SL, no TP. Wish m luck
Closed the trade. 2% loss. I am done for the year. Good luck guys.
  • #693,896
  • Oct 10, 2022 3:13am Oct 10, 2022 3:13am
Quoting Waveskierrob
{quote} {image}
I have to use this on you.......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,897
  • Oct 10, 2022 3:14am Oct 10, 2022 3:14am
I have a Sell on GU

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I am neither brave nor stupid...I am just a part time trader
  • #693,898
  • Oct 10, 2022 3:15am Oct 10, 2022 3:15am
Quoting genadi
{quote} Closed the trade. 2% loss. I am done for the year. Good luck guys.
Genadi.... where are going ?.

I know, this is the best time to enjoy time out in Monaco.
You're lucky guy to work and live there.
Many super model reside in Monaco too.

I'm sure you know some....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,899
  • Oct 10, 2022 3:16am Oct 10, 2022 3:16am
Saudi screw USA on oil...Dollar strengthens
  • #693,900
  • Oct 10, 2022 3:16am Oct 10, 2022 3:16am
1.0950-30 next?
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