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Cable Update (GBPUSD)

  • #693,941
  • Oct 10, 2022 3:49am Oct 10, 2022 3:49am
Quoting eyefeelsix
{quote} huge or nothing, add more lol {image}
I got nothing on GU, but I am safe --- 1.1000 is near and bounce maybe
https://breakpullback.com
  • #693,942
  • Oct 10, 2022 3:50am Oct 10, 2022 3:50am
it was a nice downside follow-thru on the 30min dark cloud cover and those 3 black crows on 15min as dantpm pointed out, but some demand emerged near the bottom of that prev 1hr/4hr sw lo zone that extends down to 1023/24. 50% fib below it @1018.

1hr below
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Trader with an Edge.
  • #693,943
  • Oct 10, 2022 3:51am Oct 10, 2022 3:51am
Quoting Pat Chiko
{quote} Italian bonds: Worthless without the ECB backstopping with printed Euros. {image}
All eyes are on the UK gov't bond market, but the truth is that it's in much better shape than Italy.
The UK gets steady inflows from abroad (lhs, purple), while foreign investors stopped buying Italian government bonds in 2019 and since then have been selling (rhs, purple)...
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Foreign flows are why the UK is vulnerable.
Relying on the kindness of strangers is dangerous for f/x and rates.
Italy tends to run a persistent current account surplus.
The UK not so much.
Only the US can rely on foreign buying because of its reserve currency status.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,944
  • Oct 10, 2022 3:52am Oct 10, 2022 3:52am
Quoting mallee
{quote} You're long?
Of course.
  • #693,945
  • Oct 10, 2022 3:52am Oct 10, 2022 3:52am
Quoting WizardTrade
We may see 1.07 in the coming week.
In the making. Even parity can't be ruled out with this momentum to the downside
WARNING: This post warps space and time in its vicinity.
  • #693,946
  • Oct 10, 2022 3:55am Oct 10, 2022 3:55am
Quoting Pat Chiko
{quote} Thanks Bro. Good MM
Just roll the dice
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #693,947
  • Oct 10, 2022 3:55am Oct 10, 2022 3:55am
Quoting Whale
{quote} Of course.
lol. Good luck mate.
  • #693,948
  • Oct 10, 2022 3:56am Oct 10, 2022 3:56am
Quoting Pat Chiko
{quote} 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
thanks very much for sharing， may i ask what do micro and n3 stand for？
  • #693,949
  • Oct 10, 2022 3:56am Oct 10, 2022 3:56am
Quoting Indiara
{quote} I closed manually 2 pips early because I keep waiting for the last few pips and end up getting my protecting SL eaten. SO I have +34 instead of +36, but I am happy with that to start the week {image}
So the market went eat Indiara's protecting SL, but Indiara was more clever this time. No SL for market to eat!!

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I am neither brave nor stupid...I am just a part time trader
  • #693,950
  • Oct 10, 2022 3:57am Oct 10, 2022 3:57am
...bulls challenging 1st 1hr+ upside potential obstacle now.
Trader with an Edge.
  • #693,951
  • Oct 10, 2022 3:57am Oct 10, 2022 3:57am
Quoting Pat Chiko
{quote} From Micro , we go back to TA. This is what "they" want retailer to see. {image} 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"{image} 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.
Continuation on GBP.......... It will get boring soon.

You may skipped this post, unless you want to waste 5 mins reading this s*^t.

Prelude:
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The BoE's monetary financing came after the panic sell-off.
UK economy is dependent on debt, and debt can only be serviced if the economy grows.

Companies sell their assets to pay off debts.
This leads to a decline in the real estate and stock market, which in turn creates problems for the banking sector.
The Western economy is dependent on debt, and debt can only be serviced if the economy grows.

But how long will foreigners keep buying UK bonds. The UK is in a dead end street and there's only one way out....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,952
  • Oct 10, 2022 3:58am Oct 10, 2022 3:58am
Price to fall to round number IMO.

Look to buy in NY session.

Until then one can always buy in liquidity areas and exit with profits as scalp.
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Intraday only.
  • #693,953
  • Oct 10, 2022 3:59am Oct 10, 2022 3:59am
I hate you gu mf
Eu is down , Aussie is down
But mister gu found streaght
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yes yes yes
  • #693,954
  • Oct 10, 2022 4:01am Oct 10, 2022 4:01am
Quoting Pat Chiko
{quote} Continuation on GBP.......... It will get boring soon. You may skipped this post, unless you want to waste 5 mins reading this s*^t. Prelude:{image} The BoE's monetary financing came after the panic sell-off. UK economy is dependent on debt, and debt can only be serviced if the economy grows. Companies sell their assets to pay off debts. This leads to a decline in the real estate and stock market, which in turn creates problems for the banking sector. The Western economy is dependent on debt, and debt can only be serviced...
The govt dont sell thier assets to pay their debts.
How will they pay then, when they are in a sustainable govt deficit?
More time in the market, does not mean you trade better!
  • #693,955
  • Oct 10, 2022 4:03am Oct 10, 2022 4:03am
Quoting Headland
...bulls challenging 1st 1hr+ upside potential obstacle now.
Good luck bulls!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #693,956
  • Oct 10, 2022 4:03am Oct 10, 2022 4:03am
Quoting Yngwie
Let say we risk 30 pips. Buy 1.1030 SL 1.1000 Hopefully reach 1.2080
I follow and copy trade you
LONG and all other are copy paste your trade.

Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,957
  • Oct 10, 2022 4:04am Oct 10, 2022 4:04am
Quoting tenkanzen
No analysis needed for now...fear taking over...
Maybe real moves now..
  • #693,958
  • Oct 10, 2022 4:06am Oct 10, 2022 4:06am
Quoting tenkanzen
{quote} I don't like DrDave, but standing on the side of reason and logic, you have yet to answer his post. You claim to have a high win rate but lose the majority of your trades....
His original post was not well constructed, resulting in misinterpreting what was presented. I am confident that we were not the only two that came to the wrong conclusion. If you go back and read the original post AND the related subsequent posts, it is possible to figure it out.
To free Gazans of Hamas, use whatever it takes.
  • #693,959
  • Oct 10, 2022 4:07am Oct 10, 2022 4:07am
Quoting Yngwie
Let say we risk 30 pips. Buy 1.1030 SL 1.1000 Hopefully reach 1.2080
That would be a nice win!
  • #693,960
  • Oct 10, 2022 4:08am Oct 10, 2022 4:08am
Quoting Pat Chiko
{quote} I follow and copy trade you LONG and all other are copy paste your trade. Thanks
Yeahhh right btw hopefully today is our lucky day
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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