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Cable Update (GBPUSD)

  • #695,141
  • Oct 12, 2022 2:49am Oct 12, 2022 2:49am
Quoting Pat Chiko
{quote} How it Started :{image}The queen is dead and England is collapsing , so that’s the same like chess , you loose the queen and you probably lose the game . I will explain this in football terms : "Say you're on a football team, playing well and doing your part, but then a bunch of bankers and hedge fund managers leveraged the financial world to the tits and now your entire income is worth much less, you're investments are bleeding, and they get bailed out and bonuses". I explain in NFL terms : "You’re on the goal line down by 14 with 0.03...
Dragonball Z

Now, i'm not judging but..



Pat: That's all you took away from this post? ...



Very well explained Pat. Once again you make me look stupid, thanks!



On the serious note.. ajajajaj
  • #695,142
  • Oct 12, 2022 2:51am Oct 12, 2022 2:51am
fardeen that post was not for this forum, i made a mistake. too much of pat cheeko
  • #695,143
  • Oct 12, 2022 2:54am Oct 12, 2022 2:54am
There could be a possibility that GU wants to take my Sell Limit @1.1100 before another bearish move towards 1.08××


Patience...

Face 'ur fears & tame 'ur greed
  • #695,144
  • Oct 12, 2022 2:54am Oct 12, 2022 2:54am
The PA is doing so much .....like this thread.

I am out from mt4 as well as FF thread ( today )

Too much nuisance here.
Intraday only.
  • #695,145
  • Oct 12, 2022 2:56am Oct 12, 2022 2:56am
Quoting PatienceFx
fardeen that post was not for this forum, i made a mistake. too much of pat cheeko
The yt link bro?
More time in the market, does not mean you trade better!
  • #695,146
  • Oct 12, 2022 2:57am Oct 12, 2022 2:57am
Becareful... Bonds are touching 4.998 %....
  • #695,147
  • Oct 12, 2022 2:57am Oct 12, 2022 2:57am
Even senior members are involved in unwanted discussions.

All of you pls. stop. unwanted discussions.
Intraday only.
  • #695,148
  • Oct 12, 2022 2:58am Oct 12, 2022 2:58am
Quoting navk
The PA is doing so much .....like this thread. I am out from mt4 as well as FF thread ( today ) Too much new sense here.
who is that
  • #695,149
  • Oct 12, 2022 2:59am Oct 12, 2022 2:59am
Taken 2 Losses today trying to short around the 1.097x level - 60 pips total.

My question to everyone - how do you deal with your own losses and move on through the rest of the day?

I am an office-based worker so can simply 'do my actual job' to take the persistent thought away and prevent a spiral of bad decisions and losses.

My cable analysis at the moment is pointing to the downside, potentially in the NY session...
  • #695,150
  • Oct 12, 2022 2:59am Oct 12, 2022 2:59am
Quoting PatienceFx
{quote} who is that
I am out from FF thread, how can you ask questions ?

Intraday only.
  • #695,151
  • Oct 12, 2022 3:00am Oct 12, 2022 3:00am
EU been ranging for a while
FOMC minutes setup
Bullish for USD/xxx and Bearish for xxx/USD
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More time in the market, does not mean you trade better!
  • #695,152
  • Oct 12, 2022 3:01am Oct 12, 2022 3:01am
Quoting JackintheBox
Becareful... Bonds are touching 4.998 %....
that is worrying for a global recession event
  • #695,153
  • Oct 12, 2022 3:02am Oct 12, 2022 3:02am
Quoting Yngwie
Waiting 1H candle open above 1.1015 to add more lots
Oppss added more lots of love
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #695,154
  • Oct 12, 2022 3:03am Oct 12, 2022 3:03am
Quoting PatienceFx
{quote} that is worrying for a global recession event
that is unavoidable, it's just a matter of time, in my opinion.
  • #695,155
  • Oct 12, 2022 3:03am Oct 12, 2022 3:03am
Why Trend is Up ? GBPUSD 1 mn
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  • #695,156
  • Oct 12, 2022 3:04am Oct 12, 2022 3:04am
heads up guys

between week open and 1156 cable will give tons of short entries
  • #695,157
  • Oct 12, 2022 3:05am Oct 12, 2022 3:05am
Ok, BOE intervention is incoming soon, bonds jumped to 5.006% now, almost the level when they intervened last time... I wonder who plays against the BOE. Must be people with very deep pockets.

I think GBP is strengthen because someone has to pile up GBP's for the buying in bonds/yields. That's why GBP gets weirdly stronger. I think I don't need to mention that this is not good for market stability because if yields are going down a flood of GBP's will come on the market (GBP down then).

I'm quite excited. The ZIG ZAG moves coming from the positioning in the bonds markets, I'm sure.
  • #695,158
  • Oct 12, 2022 3:06am Oct 12, 2022 3:06am
Hedge funds are shorting right now.
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  • #695,159
  • Oct 12, 2022 3:07am Oct 12, 2022 3:07am
Cable support/resistance at 1.11
  • #695,160
  • Oct 12, 2022 3:07am Oct 12, 2022 3:07am
Quoting Pat Chiko
{quote} GU along the way, this moves needs Liquidity.... It need fuel to sustain it journey. Get more "cheap" order from discounted price. And this is the template of "MM" MO. Fast-paced market.. you can trade sleek animals with it but it won't work fine everyday. It will eat you alive in slow whipsaw (there was a fake sell signal few moments ago). This is how market trap both BUYER/SELLER... sleek moves {image}
GU

End of scalping.
Seller are helping this trade to its target. Helping to fuel the buyer by giving liquidity.
MO are the same, get more people trapped to fill their order.
There was a shakeout to get the remaining long positions liquidated.
Now that the little guys out, the market can go back up.
And most of the little guys are now short.
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The charts are presenting trapping signal both ways and the intermarket relationships are tearing, pointing to a realignment of changing ground , probably on a major scale.

Be prepared about the time scale that this will be occuring , probably in tandem with the occurance on the USA developments.
We are entering exceptional times, and exceptional and conservative strategies should stand well.

However for nimble dancers , this provides great opportunities to scalp the congestion.
Just be mindful of the major trend and the levels of rescues not be too aggressive.

Trade Well and stay safe for FOMC.

Pat Chiko

I come from the future.
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