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Cable Update (GBPUSD)

  • #693,901
  • Oct 10, 2022 3:18am Oct 10, 2022 3:18am
...1hr part of this prev 1hr/4hr sw lo zone down to 1023/24 starts circa 1040. Price @ the 2 x fibs in it right now.
Trader with an Edge.
  • #693,902
  • Oct 10, 2022 3:19am Oct 10, 2022 3:19am
Seems like the first reaction of London traders is to push down equities...risk-off...GU will fall too..

Quoting PatienceFx
{quote} https://www.worldtimezone.com/ {file}
It was a rhetoric question...

Quoting MrFanciful
Saudi screw USA on oil...Dollar strengthens
Risk-off mentality helps USD too...Cable tumbles for now..
  • #693,903
  • Oct 10, 2022 3:21am Oct 10, 2022 3:21am
...this is probably more $ strength re the Ukraine Kyiv hits this morning - an apparent escalation 9again) by Putin after the Crimea bridge thing over w/e.
Trader with an Edge.
  • #693,904
  • Oct 10, 2022 3:22am Oct 10, 2022 3:22am
Quoting MrFanciful
Saudi screw USA on oil...Dollar strengthens
Not the USA, everyone. I mean they personally screwed Biden
  • #693,905
  • Oct 10, 2022 3:22am Oct 10, 2022 3:22am
There is no news or data to support this move so at some point it turns around!
  • #693,906
  • Oct 10, 2022 3:23am Oct 10, 2022 3:23am
As my analysis said, the price should have been 1.1050, this happened
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (2116).png Size: 74 KB
There is nothing wrong with being kind & loving to each other
  • #693,907
  • Oct 10, 2022 3:23am Oct 10, 2022 3:23am
All my analysis is based on what is happening in the moment....

Cable is bearish but before then there is an unfinished business around 1.11316 -1.11400 where our take profit was set at... Cable came close to this point forming equal highs..
which should be taken out before going down but then again the time has elapsed for this pattern to form.

If price close below Friday's low then we should short... afterall we were just 10 pips away from our take profits..

Always take partials... The market does not belong to anybody...
My telegram: https://t.me/avidforex
  • #693,908
  • Oct 10, 2022 3:24am Oct 10, 2022 3:24am
Quoting Indiara
I have a Sell on GU {image}
I brought SL down to protect trade early as the candles are not very strong
I am neither brave nor stupid...I am just a part time trader
  • #693,909
  • Oct 10, 2022 3:25am Oct 10, 2022 3:25am
Quoting MrFanciful
Saudi screw USA on oil...Dollar strengthens
It isn't just Saudi. Outside of North America and Europe, the US has no support for the proxy war against Russia.
  • #693,910
  • Oct 10, 2022 3:26am Oct 10, 2022 3:26am
Quoting Pat Chiko
{quote} 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......
From Micro , we go back to TA.

This is what "they" want retailer to see.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 081.jpg Size: 129 KB

This expansion is only possible if FED Pivot......
Don't see FED will Pivot anytime soon, thus this chart may fail.
Will "Fed will pause - and eventually pivot - and we are getting much closer to that point"
Attached Image (click to enlarge)
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What we have now globally is
Japanese Bonds: Worthless without the BoJ propping them up with printed Yen.
Gilts: Worthless without the BoE stepping in with printed Pounds.
Italian bonds: Worthless without the ECB backstopping with printed Euros.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,911
  • Oct 10, 2022 3:27am Oct 10, 2022 3:27am
Wow, look at that stophunt.
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  • #693,912
  • Oct 10, 2022 3:29am Oct 10, 2022 3:29am
Quoting Pat Chiko
Italian bonds: Worthless without the ECB backstopping with printed Euros.
why the specific mention of Italian bonds?
  • #693,913
  • Oct 10, 2022 3:30am Oct 10, 2022 3:30am
GBPUSD SHORT we hope price does not reject Friday's low.. If it does GET OUT

Possible tp 1.08294

Please always take partials..
My telegram: https://t.me/avidforex
  • #693,914
  • Oct 10, 2022 3:30am Oct 10, 2022 3:30am
Quoting Polimini
{quote} why the specific mention of Italian bonds?
The worst economy amongst the European nations (of the biggies Germany, France and Italy)...

I am guessing..
  • #693,915
  • Oct 10, 2022 3:31am Oct 10, 2022 3:31am
Quoting Waveskierrob
If the Brirish government was a "lady of the night" ...{image}
Spelling, spelling.....!!!

Is that you Waveskie driving Aston Martin. ?

This is British Govt statistic now...
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,916
  • Oct 10, 2022 3:32am Oct 10, 2022 3:32am
Quoting bignumbers
gbpusd short we hope price does not reject friday's low.. If it does get out possible tp 1.08294 please always take partials..

no indicators not even round numbers...
Attached Image (click to enlarge)
Click to Enlarge Name: gu short.png Size: 23 KB
My telegram: https://t.me/avidforex
  • #693,917
  • Oct 10, 2022 3:33am Oct 10, 2022 3:33am
Quoting tenkanzen
{quote} The worst economy amongst the European nations (of the biggies Germany, France and Italy)... I am guessing..
I thought the worse is P.I.G.S.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,918
  • Oct 10, 2022 3:33am Oct 10, 2022 3:33am
is there any heavy drum mix song , please share. i wish to test my new woofers

i wish to see if the price drops faster o n drum beats
Attached Image (click to enlarge)
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  • #693,919
  • Oct 10, 2022 3:35am Oct 10, 2022 3:35am
Quoting Pat Chiko
{quote} 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....
almost everyone can go to Monaco and live and work here.
but not everyone can be super good at trading FX. I would gladly change with you these abilities
  • #693,920
  • Oct 10, 2022 3:35am Oct 10, 2022 3:35am
Quoting Polimini
{quote} Not the USA, everyone. I mean they personally screwed Biden
It's not everyone...It's essentially only the countries that tried to put a price cap on Russian oil. This is the first move of Saudi moving off the Petro Dollar, but I guess if you run the markets on algorithms, this is what you get. A lot of people will be left holding dollars that they can't offload because no one else wants them due to commodity producers accepting other currencies.
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