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Cable Update (GBPUSD)

  • #695,101
  • Oct 12, 2022 3:48am Oct 12, 2022 3:48am
Quoting TheWolf
BOE Spokesperson Says Bond-Buying Program Still to End Friday Getting ridiculous at this point..
George Gammon on this very thing...UK Financial Crisis Spreading Fast!! (Now It's The Repo Market) - YouTube
  • #695,102
  • Oct 12, 2022 3:48am Oct 12, 2022 3:48am
Quoting JackintheBox
Bonds in UK climbing again... but GBP is strengthen... can someone explain? {image} How the BOE is doing that? They print money and buy what to sell what to strengthen (in short term) the GBP? Why do they do that? Probably is it less attractiv to invest in GBP if GBP is stronger? I have a feeling they are not yet intervening directly in the Bond / Yield market yet but they keep the GBP up or are the investors of the bonds are keeping the GBP strong because if they buy more bonds the money has to be exchanged in GBP? I'm a bit confused.
government selling bonds and taking loans from public to subsidize energy for public

more debt = currency weak
do not follow me 99.9999999% of times, rest you can lol
  • #695,103
  • Oct 12, 2022 3:49am Oct 12, 2022 3:49am
sold with a little tight SL
i hope H4 closes with a strong rejection wick
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  • #695,104
  • Edited 4:00am Oct 12, 2022 3:49am | Edited 4:00am
Quoting MrFanciful
{quote} George Gammon on this very thing...UK Financial Crisis Spreading Fast!! (Now It's The Repo Market) - YouTube
Currently watching..thanks!

Great stuff!
  • #695,105
  • Oct 12, 2022 3:49am Oct 12, 2022 3:49am
Quoting Indiara
{quote} With the large spikes of today though, there was only one other choice, to not enter. The risk was worth it to me as this is the way I trade. This is my first loss in about 6 weeks, so I'm ok with that A large SL is always a risk, but mostly it never gets touched. Today was the day that it got hit though. This is the price of my strategy, which I accept. The down side is that I have not disposable funds for the next trade, just like my first trade of the week
With some of the insane rapid moves that travel over 100 pips, I have been using small lot size and huge SL, even more than 100 pips.

Last month after being called away from the computer, I made an entry without rechecking the setup conditions AND the larger TF that was involved. I got 75 pips floating drawdown and was in the trade about 2 hours before reaching TP. My SL was nearly 200 pips.
To free Gazans of Hamas, use whatever it takes.
  • #695,106
  • Oct 12, 2022 3:50am Oct 12, 2022 3:50am
Quoting Indiara
{quote} With the large spikes of today though, there was only one other choice, to not enter. The risk was worth it to me as this is the way I trade. This is my first loss in about 6 weeks, so I'm ok with that A large SL is always a risk, but mostly it never gets touched. Today was the day that it got hit though. This is the price of my strategy, which I accept. The down side is that I have not disposable funds for the next trade, just like my first trade of the week

Yes, market was smarter than Indiara today. SL touched by 2 pips, and then old TP was hit! Market is very smart today and just gave Indiara a slap!!

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #695,107
  • Oct 12, 2022 3:52am Oct 12, 2022 3:52am
Quoting Bella.al
{quote} Currently i am -21 Pips , still holding on to this position . {image}
If Pat's projection comes to pass, you could drop another 40 pips before things turn around. Might want to consider looking for another entry point.
  • #695,108
  • Oct 12, 2022 3:52am Oct 12, 2022 3:52am
Quoting TheWolf
BOE Spokesperson Says Bond-Buying Program Still to End Friday - Bloomberg Getting ridiculous at this point..
Thanks The Wolf for sharing the info.
However , I have view this things differently.... Am I alone seeing this ?
Attached Image (click to enlarge)
Click to Enlarge Name: BOE speech.jpg Size: 48 KB

Darth said....." And remember: The emperor will not be as forgiving as I am”......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,109
  • Oct 12, 2022 3:53am Oct 12, 2022 3:53am
Quoting DrDave
{quote} With some of the insane rapid moves that travel over 100 pips, I have been using small lot size and huge SL, even more than 100 pips. Last month after being called away from the computer, I made an entry without rechecking the setup conditions AND the larger TF that was involved. I got 75 pips floating drawdown and was in the trade about 2 hours before reaching TP. My SL was nearly 200 pips.
Yes, market is amazing, and clever!! Today is just like Monday morning for me.....I start again with 0 pips this week in my disposable funds kitty, but account is still just fine
I am neither brave nor stupid...I am just a part time trader
  • #695,110
  • Oct 12, 2022 3:53am Oct 12, 2022 3:53am
Quoting PatienceFx
{quote} trading is both exciting and boring {image}
trading daily time frame on 5 minute / 15 minute chart is fun
do not follow me 99.9999999% of times, rest you can lol
  • #695,111
  • Oct 12, 2022 3:54am Oct 12, 2022 3:54am
Quoting Indiara
{quote} Yes, market was smarter than Indiara today. SL touched by 2 pips, and then old TP was hit! Market is very smart today and just gave Indiara a slap!! {image}
Yeah but Indiara is tough and tomorrow she is going to slap the Market back!
  • #695,112
  • Oct 12, 2022 3:54am Oct 12, 2022 3:54am
Quoting PatienceFx
{quote} trading daily time frame on 5 minute / 15 minute chart is fun
instant cash
Attached Image (click to enlarge)
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do not follow me 99.9999999% of times, rest you can lol
  • #695,113
  • Oct 12, 2022 3:54am Oct 12, 2022 3:54am
Quoting JackintheBox
Bonds in UK climbing again... but GBP is strengthen... can someone explain? {image} How the BOE is doing that? They print money and buy what to sell what to strengthen (in short term) the GBP? Why do they do that? Probably is it less attractiv to invest in GBP if GBP is stronger? I have a feeling they are not yet intervening directly in the Bond / Yield market yet but they keep the GBP up or are the investors of the bonds are keeping the GBP strong because if they buy more bonds the money has to be exchanged in GBP? I'm a bit confused.
The market gives you information or whoever and you try and make a decision on that is exactly what you should avoid! Been there done that. Learn to read the charts and know when the price is at its high or low and trade at those levels. Candlestick patterns do not lie. I do not pay attention to the news it is only a distraction, I focus on price action trading because the price will react to the news regardless if I watch the news, am I making any sense?
  • #695,114
  • Oct 12, 2022 3:55am Oct 12, 2022 3:55am
Quoting trumps
{quote} In his 2 posts, it became apparent to me that usually, his general plan is to only trade with the trend. By his choice of words he seemed to feel he was taking a punt on trading against the trend (breaking his normal rules) . By “part of your plan”, I mean there are likely to be other parts, such as waiting for a retrace before entering at a better price, and perhaps also waiting for price action to confirm the trend is continuing etc.

Thanks for that.
trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,115
  • Oct 12, 2022 4:01am Oct 12, 2022 4:01am
Quoting vulcann1
{quote} The market gives you information or whoever and you try and make a decision on that is exactly what you should avoid! Been there done that. Learn to read the charts and know when the price is at its high or low and trade at those levels. Candlestick patterns do not lie. I do not pay attention to the news it is only a distraction, I focus on price action trading because the price will react to the news regardless if I watch the news, am I making any sense?
"Candlestick patterns do not lie." Factually a wrong statement. Only hips don't lie
--- only constant in this world is change ---
  • #695,116
  • Oct 12, 2022 4:01am Oct 12, 2022 4:01am
Quoting BeeTogether
Back from school run.. again a huge 60 pip drop in one minute? Did Liz or Kwazi remove their muzzles again?
Hi Bee took flight for Glasgow yesterday. Currently in Doha, Qatar waiting to board my next flight on to London and then to Glasgow. Hoping I have a nice time. Have not traded anything. Using airport WiFi to access this thread. Hehehe
  • #695,117
  • Oct 12, 2022 4:02am Oct 12, 2022 4:02am
Still holding shorts at 10964 but after news and the rate GU went up I managed to hedge at 11005 and T/P at 11045 decided on another short 11038 and am counting on NY to bring her back down again.
  • #695,118
  • Oct 12, 2022 4:02am Oct 12, 2022 4:02am
Quoting Pat Chiko
{quote} Thanks The Wolf for sharing the info. However , I have view this things differently.... Am I alone seeing this ? {image} Darth said....." And remember: The emperor will not be as forgiving as I am”......
I think your view is a correct one!
  • #695,119
  • Oct 12, 2022 4:02am Oct 12, 2022 4:02am
Quoting Mitiblotch
{quote} Hi Bee took flight for Glasgow yesterday. Currently in Doha, Qatar waiting to board my next flight on to London and then to Glasgow. Hoping I have a nice time. Have not traded anything. Using airport WiFi to access this thread. Hehehe
Have a safe journey
--- only constant in this world is change ---
  • #695,120
  • Oct 12, 2022 4:04am Oct 12, 2022 4:04am
Quoting malik_razi
{quote} Have a safe journey
Thank you.
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