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Cable Update (GBPUSD)

  • #694,881
  • Oct 11, 2022 11:14pm Oct 11, 2022 11:14pm
Quoting TheWolf
***BOE SIGNALLED PRIVATELY TO BANKERS IT MAY EXTEND BOND-BUYING***
bulls trap

A simple technical analysis says,
the pound is still negative and got a ceiling of the 50 sma on the daily chart,
since then it has only been going down,
it also says that the yen has broken the high of the massive daily candle of 560 pips
that was a few days ago, the pound today opened below
the daily pivot After a bearish ingulfing daily candle stemming from Bailey's speech
We are still before another interest rate hike in the US, so fundamentally the pound should also fall
The weekly s1 currently supports the price, but will probably break later today and we will reach the weekly s2
Yesterday's daily low was broken, and my strategy gave a short signal, I am short
Attached Image (click to enlarge)
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yes yes yes
  • #694,882
  • Oct 11, 2022 11:16pm Oct 11, 2022 11:16pm
Bull Trap I will agree it could go higher but, the trend is down
May the PIP's be with you.
  • #694,883
  • Oct 11, 2022 11:16pm Oct 11, 2022 11:16pm
Quoting tenkanzen
{quote} I'm looking for other yen pairs to rally as well. Cheers.
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  • #694,884
  • Oct 11, 2022 11:16pm Oct 11, 2022 11:16pm
Quoting dantpm
{quote} The spike appears to have impacted every currency pair!
It is obvious that they are trying in every way to keep the pound & euro from falling, in whatever way they can now. We have to see if they can really do it or if it is just talk
There is nothing wrong with being kind & loving to each other
  • #694,885
  • Oct 11, 2022 11:22pm Oct 11, 2022 11:22pm
Short 1.10156
SL : 1.10701
T/P : 1.08843
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Goddess of Thunder..
  • #694,886
  • Oct 11, 2022 11:30pm Oct 11, 2022 11:30pm
Short term spike I agree this will not last for long. heading toward parity
May the PIP's be with you.
  • #694,887
  • Oct 11, 2022 11:45pm Oct 11, 2022 11:45pm
Quoting Moty
{quote} bulls trap A simple technical analysis says, the pound is still negative and got a ceiling of the 50 sma on the daily chart, since then it has only been going down, it also says that the yen has broken the high of the massive daily candle of 560 pips that was a few days ago, the pound today opened below the daily pivot After a bearish ingulfing daily candle stemming from Bailey's speech We are still before another interest rate hike in the US, so fundamentally the pound should also fall The weekly s1 currently supports the price, but will...
if you don't mind asking, what indicator are you using has the red and blue colors crossing?
can you share it?
  • #694,888
  • Oct 11, 2022 11:51pm Oct 11, 2022 11:51pm
Quoting Pat Chiko
{quote} GU Let it get some liquidity from Tokyo. {image}
GU

Nice set up for long and short with S&R.

The trade plan :
Attached Image (click to enlarge)
Click to Enlarge Name: gu 114.jpg Size: 155 KB


The trade execution :
(didn't execute the short, as sleep is priority)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 115.jpg Size: 195 KB

Lets plan our trade today .
High Impact news with FOMC is offering good trade set up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #694,889
  • Oct 12, 2022 12:01am Oct 12, 2022 12:01am
[quote=TimberTX;14175579]quick move what's uP
Spike back up to previous weekly low!!
Attached Image (click to enlarge)
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  • #694,890
  • Oct 12, 2022 12:01am Oct 12, 2022 12:01am
Quoting Pat Chiko
{quote} GU Nice set up for long and short with S&R. The trade plan :{image} The trade execution : (didn't execute the short, as sleep is priority){image} Lets plan our trade today . High Impact news with FOMC is offering good trade set up

GU

SHORT Menu is not ready yet.
I'm going LONG now for scalp trade 50 -60 pips
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #694,891
  • Oct 12, 2022 12:12am Oct 12, 2022 12:12am
Quoting Pat Chiko
{quote} GU SHORT Menu is not ready yet. I'm going LONG now for scalp trade 50 -60 pips

GU -

LONG Scalping only.......
Attached Image (click to enlarge)
Click to Enlarge Name: gu 116.jpg Size: 102 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #694,892
  • Oct 12, 2022 12:12am Oct 12, 2022 12:12am
Quoting Whale
Sell limit @ 1.1018 **not recommendation to buy the road to..**
Out +30
and done for today.

i was suspicious about spikes, thanks for the news it was faster than light.
  • #694,893
  • Oct 12, 2022 12:13am Oct 12, 2022 12:13am
Quoting Pat Chiko
{quote} GU SHORT Menu is not ready yet. I'm going LONG now for scalp trade 50 -60 pips
Explain why! What does FOMC have to do with it now? Explain! Sorry but your comments are psyco babble!
  • #694,894
  • Oct 12, 2022 12:13am Oct 12, 2022 12:13am
Quoting Pat Chiko
{quote} GU - LONG Scalping only.......{image}
Careful.

moty's signal is short.
Dont mess with the fx signals service
  • #694,895
  • Oct 12, 2022 12:15am Oct 12, 2022 12:15am
Quoting Pat Chiko
{quote} GU SHORT Menu is not ready yet. I'm going LONG now for scalp trade 50 -60 pips
What about GDP bro?
More time in the market, does not mean you trade better!
  • #694,896
  • Oct 12, 2022 12:17am Oct 12, 2022 12:17am
Quoting VM.
{quote} The only thing I fear is that Reuters will print fake news like "BOE considers extending the purchase scheme". GU will travel 200 pips up and then down, but my stop will be hit... That's the usual way Reuters prop up the pound, have seen it many times.
Posted at 9:33pm yesterday. And of course the news is released at 5pm when the liquidity is thin and it is easy to lift the pair.

That's a classical Reuters manipulation, I hope they are investigated someday (but I live in the UK long enough to know the aren't).
  • #694,897
  • Oct 12, 2022 12:21am Oct 12, 2022 12:21am
Quoting VM.
{quote} Posted at 9:33pm yesterday. And of course the news is released at 5pm when the liquidity is thin and it is easy to lift the pair. That's a classical Reuters manipulation, I hope they are investigated someday (but I live in the UK long enough to know the aren't).
Really, you believe that crap? Do you have any clue what market makers do and how these charts are delivered to you? All markets are manipulated if you believe that this is decentralized, put more tequila in your koolaid! Do yourself a favor and really learn what is going on in markets.
  • #694,898
  • Oct 12, 2022 12:25am Oct 12, 2022 12:25am
vulcann1 still looking forward to actually seeing your trading suggestions...
  • #694,899
  • Oct 12, 2022 12:27am Oct 12, 2022 12:27am
Quoting vulcann1
{quote} Really, you believe that crap?
What crap? I said it can happen. It happened exactly as I predicted.
  • #694,900
  • Oct 12, 2022 12:28am Oct 12, 2022 12:28am
Quoting VM.
{quote} Posted at 9:33pm yesterday. And of course the news is released at 5pm when the liquidity is thin and it is easy to lift the pair. That's a classical Reuters manipulation, I hope they are investigated someday (but I live in the UK long enough to know the aren't).
This media company will always be one step ahead of everyone.
They had access to all data before they were even released.
They can position themselves better than anyone in an offshore company.
No way the accountability parties would hold these media companies accountable for their action, cause the majority of them had also their hands in that dirty game.
How you think they are getting their billions of dollar "investment return" ..... Playing by the rules and being fair?
More time in the market, does not mean you trade better!
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