Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#694,781
Oct 11, 2022 2:30pm Oct 11, 2022 2:30pm

VM.
| Joined Feb 2020 | Status: Trader | 629 Posts

Quoting WizardTrade

Disliked

{quote} even if it closes above 1.100 I will still hold shorts as the market sentiment is still bearish. All you can eat deal is on the table. Ride it as much as you can.

Ignored

Will probably do the same, but if it closes above 1.10 I will have to think harder about where to put the stop.

#694,782
Oct 11, 2022 2:30pm Oct 11, 2022 2:30pm

w4ndile
| Joined Sep 2022 | Status: Trader | 3 Posts

Quoting TheWolf

Disliked

Tommorow I am at home just before FOMC Meeting. Parity? Probable. (Not this week, but next). CPI could be the last nail on Thursday..

Ignored

im thinking we might see rejections from 1.094, I see a fair value gap so potentially, if it breaks structure i'd position myself in longs. but curerently, i think its safe to say its sells all day long.

#694,783
Oct 11, 2022 2:33pm Oct 11, 2022 2:33pm

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting Waveskierrob

Disliked

{quote} He was very desperate to sell whatever he was trying to sell. would have fared better selling the cable...

Ignored

Poor little soul

WARNING: This post warps space and time in its vicinity.

#694,784
Oct 11, 2022 2:35pm Oct 11, 2022 2:35pm

BeeTogether
Joined Oct 2020 | Status: Trader | 14,004 Posts

On the 1 min looks like a W formation

Attached Image (click to enlarge)

Click to Enlarge

Name: 6B0730BF-CAC3-4EC5-A52A-5E129ADBBD85.jpeg
Size: 1.2 MB

Insane in the Brain..

#694,785
Oct 11, 2022 2:36pm Oct 11, 2022 2:36pm

TheWolf
Joined May 2022 | Status: I'm Done | 2,577 Posts

Quoting Waveskierrob

Disliked

{quote} He was very desperate to sell whatever he was trying to sell. would have fared better selling the cable...

Ignored

This had me dyin'...

LoooooooL

#694,786
Oct 11, 2022 2:38pm Oct 11, 2022 2:38pm

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Vulture is still around the thread. Trying to figure out new ways of trapping the prey.

WARNING: This post warps space and time in its vicinity.

#694,787
Oct 11, 2022 2:41pm Oct 11, 2022 2:41pm

Nnaa
| Commercial User | Joined Aug 2022 | 255 Posts

What happened to GBP? Did they release any news that is bad for GBP?

MY STRATEGY HAS 95% WIN RATE

#694,788
Edited 2:55pm Oct 11, 2022 2:41pm | Edited 2:55pm

Chris_35
| Joined Aug 2008 | Status: Trader | 816 Posts

Quoting Chris_35

Disliked

Hi guys, I would just like to ask for some friendly advice from all the experts and experienced traders on this forum. First of all I will outline my situation so you understand any problems I may have. Some weeks back I ended up going long on GU a number of times and even though we went as low as 1.0354 I held my nerve until GU returned to 1.1497 I was able to close all my longs for profit or B/E apart from 2 x .2lots which are both priced at the 1.1500 level. Because of the news from various sources the movement of the GU is favoured to go short...

Ignored

Decided to pick up another short at 11145 .2 lots so thank you Mr Bailey I am very much better off now than I was earlier on this afternoon.
(also very pleased that in May last year I transferred pension from guilts back into equities)

EDIT
Closed all shorts. Will wait for a retrace for more shorts