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Cable Update (GBPUSD)

  • #693,981
  • Oct 10, 2022 4:31am Oct 10, 2022 4:31am
Quoting Pat Chiko
{quote} GU tested three times on the ceiling. "Oh my darling, knock three times, on the ceiling if you want me " remeber the song?. {image}
4th time visit usually BO
More time in the market, does not mean you trade better!
  • #693,982
  • Oct 10, 2022 4:31am Oct 10, 2022 4:31am
Anybody shorting UJ? Indiara are you with me? Where is Kuroda San when you need him?

I just sold UJ 145.48
  • #693,983
  • Oct 10, 2022 4:36am Oct 10, 2022 4:36am
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 if the...

Continue with this boring post. Macro.not TA.
Skipped this post if you must.. Thank you.


Everybody know BOE Intervene this morning, spikey and tested level.
Despite the BOE intervention this morning, the yields on long-dated UK govt bonds continue to rise.

Here’s the 20yr bond: now up above 4.7% - the highest rate since the Bank’s intervention…
Attached Image (click to enlarge)
Click to Enlarge Name: uk G.jpg Size: 71 KB


They are doing this operation to attempt to suppress the bank interest rate increase, but while yields on gilts continue to increase.
It is all an operation in fantasy isn't it.
A theory that is out of step to what is happening in practice.
That's not good for the UK
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,984
  • Oct 10, 2022 4:37am Oct 10, 2022 4:37am
Quoting Mitiblotch
Anybody shorting UJ? Indiara are you with me? Where is Kuroda San when you need him? I just sold UJ 145.48
I'm Shorting also
  • #693,985
  • Oct 10, 2022 4:39am Oct 10, 2022 4:39am
Quoting Mitiblotch
Anybody shorting UJ? Indiara are you with me? Where is Kuroda San when you need him? I just sold UJ 145.48

I still have my long term Sell from 144.96, and I have a Sell Limit at 145.960. If I see a nice set up I will enter a Sell from where we are. But I don't see a setup that I like yet. Like Kuroda San, I am watching closely
I am neither brave nor stupid...I am just a part time trader
  • #693,986
  • Oct 10, 2022 4:39am Oct 10, 2022 4:39am
Quoting Mitiblotch
Anybody shorting UJ? Indiara are you with me? Where is Kuroda San when you need him? I just sold UJ 145.48
Yes SHORT and LONG but mainly SHORT...
  • #693,987
  • Oct 10, 2022 4:40am Oct 10, 2022 4:40am
Quoting Pat Chiko
{quote} Continue with this boring post. Macro.not TA. Skipped this post if you must.. Thank you. Everybody know BOE Intervene this morning, spikey and tested level. Despite the BOE intervention this morning, the yields on long-dated UK govt bonds continue to rise. Here’s the 20yr bond: now up above 4.7% - the highest rate since the Bank’s intervention…{image} They are doing this operation to attempt to suppress the bank interest rate increase, but while yields on gilts continue to increase. It is all an operation in fantasy isn't it. A theory that...
And as long as the yields keep going up, GBP currency is doomed against the dollar. It will crash. How long can they continue burning money with that fantasy operation? Time will tell. The market is here longer than the BoE can stay.
  • #693,988
  • Oct 10, 2022 4:40am Oct 10, 2022 4:40am
On saturday/Sunday there were discussions about entry points and exit points.

I commented how I average my entries and where I take my entries to average.

Headland posted...the exit is what makes money for you.

I took long in liquidity area but then exited little early.

But... the exit is meaningful for me.. as I exited at Round number.

I can go on and make more and more... but do I have energy ?

The time here is 5.40 AM.

Eyes are begging me to go and sleep.
Attached Image (click to enlarge)
Click to Enlarge Name: Traders Global MetaTrader 4 Terminal.png Size: 90 KB
Intraday only.
  • #693,989
  • Oct 10, 2022 4:40am Oct 10, 2022 4:40am
Quoting Indiara
{quote} I still have my long term Sell from 144.96, and I have a Sell Limit at 145.960. If I see a nice set up I will enter a Sell from where we are. But I don't see a setup that I like yet. Like Kuroda San, I am watching closely
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 15 KB
  • #693,990
  • Oct 10, 2022 4:42am Oct 10, 2022 4:42am
Quoting Fardeen1209
{quote} 4th time visit usually BO
Talking about this?
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WARNING: This post warps space and time in its vicinity.
  • #693,991
  • Oct 10, 2022 4:43am Oct 10, 2022 4:43am
Quoting Pat Chiko
{quote} Continue with this boring post. Macro.not TA. Skipped this post if you must.. Thank you. Everybody know BOE Intervene this morning, spikey and tested level. Despite the BOE intervention this morning, the yields on long-dated UK govt bonds continue to rise. Here’s the 20yr bond: now up above 4.7% - the highest rate since the Bank’s intervention…{image} They are doing this operation to attempt to suppress the bank interest rate increase, but while yields on gilts continue to increase. It is all an operation in fantasy isn't it. A theory that...
Continue . Macro not TA

It will be interesting to see what happens when the 30-year UK bond yield hits 5% again.
Especially after October 14, when the Bank of England stops buying 20+ year maturity bonds.
Attached Image (click to enlarge)
Click to Enlarge Name: 30 year.png Size: 17 KB


ThenWhat happened to the 10 Year Gilt this morning?
Did the old lady fall asleep pressing the buy button?
Attached Image (click to enlarge)
Click to Enlarge Name: 10 year Y.jpg Size: 18 KB





Coulding me more be 'fun.' Trading for fun.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,992
  • Oct 10, 2022 4:43am Oct 10, 2022 4:43am
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  • #693,993
  • Oct 10, 2022 4:46am Oct 10, 2022 4:46am
Quoting Pat Chiko
{quote} Nice... BTW This is the third time GU testing the ceiling. If broken, she will go to the next level up. If not borken, she will go down...
Yes, the price has targeted liquidity 1.11100. Once it reaches that level of liquidity, I see less potential for to rise. It is 4H downwards. Let's see what happens. This is an additional trade, I can exit with a loss
There is nothing wrong with being kind & loving to each other
  • #693,994
  • Oct 10, 2022 4:46am Oct 10, 2022 4:46am
Quoting Pat Chiko
{quote} Continue . Macro not TA It will be interesting to see what happens when the 30-year UK bond yield hits 5% again. Especially after October 14, when the Bank of England stops buying 20+ year maturity bonds.{image} ThenWhat happened to the 10 Year Gilt this morning? Did the old lady fall asleep pressing the buy button?{image} Coulding me more be 'fun.' Trading for fun.
While GB30Y is near its top, GU is still far from her Low. The fall could be drastic
More time in the market, does not mean you trade better!
  • #693,995
  • Edited 5:02am Oct 10, 2022 4:52am | Edited 5:02am
Quoting WizardTrade
{quote} Talking about this? {image}
No, not a channel but a visit to a zone.
If the price visits a level (S/R, Liquidity zone, D/S zone) at least 3times, but refuses to go in the direction of the rejection, on the 4th time, the breakout occurs. And the trend continues.

On the 4th time, the close of the candle is usually at the zone or 1-2pips below the level or close through the level(more impactful for the trend).

If a reversal was to occur, majority of the time on the 2nd visit (retest) the new direction already riding. There is usually no 3rd-time visit.
More time in the market, does not mean you trade better!
  • #693,996
  • Oct 10, 2022 4:53am Oct 10, 2022 4:53am
Quoting Fardeen1209
{quote} While GB30Y is near its top, GU is still far from her Low. The fall could be drastic

I prefer the price to come to me.....
I'm waititng with this tools... Timing of N3 must be on sweet spot.
Attached Image (click to enlarge)
Click to Enlarge Name: calender.jpg Size: 20 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,997
  • Oct 10, 2022 4:57am Oct 10, 2022 4:57am
Quoting Fardeen1209
{quote} While GB30Y is near its top, GU is still far from her Low. The fall could be drastic

It will be a terrific or a terrifying ride.......whoooohoo/..
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,998
  • Oct 10, 2022 4:57am Oct 10, 2022 4:57am
Quoting Pat Chiko
{quote} I prefer the price to come to me..... I'm waititng with this tools... Timing of N3 must be on sweet spot. {image}
PAT, will you do courses how to trade and be successful?
  • #693,999
  • Oct 10, 2022 4:57am Oct 10, 2022 4:57am
Quoting Pat Chiko
{quote} Continue . Macro not TA It will be interesting to see what happens when the 30-year UK bond yield hits 5% again. Especially after October 14, when the Bank of England stops buying 20+ year maturity bonds.{image} ThenWhat happened to the 10 Year Gilt this morning? Did the old lady fall asleep pressing the buy button?{image} Coulding me more be 'fun.' Trading for fun.
Contrary to popular belief I think the UK government is doing more things right than wrong. The game being played here is much more complicated than rates and bonds.
  • #694,000
  • Oct 10, 2022 4:59am Oct 10, 2022 4:59am
Quoting genadi
{quote} PAT, will you do courses how to trade and be successful?
I think he already does,posting on this thread...
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