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Cable Update (GBPUSD)

  • #695,501
  • Oct 12, 2022 10:50pm Oct 12, 2022 10:50pm
Quoting dantpm
Does anyone have an explanation for why the GU is up today? All the fundamentals that drove the price down are in place. The US$ is still on track for higher rates.The gilt note buy back could helping. suggesting higher rates but it doesn't help with underlying inflation which is hurting the economy.
Big players pumped it to Dump it hard under parity
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  • #695,502
  • Oct 12, 2022 11:07pm Oct 12, 2022 11:07pm
Quoting thevisitor
{quote} Sorry Wiz, don't get it....seeing no bf
Hope it helps
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  • #695,503
  • Oct 12, 2022 11:12pm Oct 12, 2022 11:12pm
My view Today:
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  • #695,504
  • Oct 12, 2022 11:14pm Oct 12, 2022 11:14pm
Train left? new opportunity coming at 1.103
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Toohok your indicators, useless!
  • #695,505
  • Oct 12, 2022 11:18pm Oct 12, 2022 11:18pm
Quoting WizardTrade
My view Today: {image}
Mind if i asked
Can you please explain the neckline setup?
Saw you used this everyday.
More time in the market, does not mean you trade better!
  • #695,506
  • Oct 12, 2022 11:20pm Oct 12, 2022 11:20pm
Quoting WizardTrade
My view Today: {image}
I think during frankfurt or LO open, she will go up for liquidity then down
More time in the market, does not mean you trade better!
  • #695,507
  • Oct 12, 2022 11:32pm Oct 12, 2022 11:32pm
Quoting Fardeen1209
{quote} Mind if i asked Can you please explain the neckline setup? Saw you used this everyday.
Sure why not.

I always look for confluence first before jumping on to trendlines. I check the moving averages first 50 and 100 then I look for the moves market is making. In this scenario, the market was droping on H1 TF so I waited for it to make inverted head and shoulder pattern. The neckline is from shoulder to shoulder and both shoulder points are at key SR level. Now the neckline falls at the key SR level as well. I am awaiting the break at the moment. That's what is being done here:

Hope that helps
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  • #695,508
  • Oct 12, 2022 11:46pm Oct 12, 2022 11:46pm
Watching the 50 and 200 period ma's cross and the candles move lower in the 1 minute time frame on the USDX. This suggests in the short term we will see GU go higher. Fardeen1209, where do you see liquidity?
  • #695,509
  • Oct 12, 2022 11:50pm Oct 12, 2022 11:50pm
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  • #695,510
  • Oct 12, 2022 11:58pm Oct 12, 2022 11:58pm
Quoting WizardTrade
{quote} Sure why not. I always look for confluence first before jumping on to trendlines. I check the moving averages first 50 and 100 then I look for the moves market is making. In this scenario, the market was droping on H1 TF so I waited for it to make inverted head and shoulder pattern. The neckline is from shoulder to shoulder and both shoulder points are at key SR level. Now the neckline falls at the key SR level as well. I am awaiting the break at the moment. That's what is being done here: Hope that helps {image}
Thanks.
You explained it very well.
I will look forwards to apply this setup to my trading strategy cause i only used 2 setups support/resistance flip and Quasimodo. Now will need to start backtesing it, to know its characteristics.
More time in the market, does not mean you trade better!
  • #695,511
  • Oct 13, 2022 12:01am Oct 13, 2022 12:01am
Quoting Fardeen1209
{quote} Thanks. You explained it very well. I will look forwards to apply this setup to my trading strategy cause i only used 2 setups support/resistance flip and Quasimodo. Now will need to start backtesing it, to know its characteristics.
This setup is a powerful one if used with confluence of the odds in favor
WARNING: This post warps space and time in its vicinity.
  • #695,512
  • Edited 12:18am Oct 13, 2022 12:01am | Edited 12:18am
Quoting dantpm
Watching the 50 and 200 period ma's cross and the candles move lower in the 1 minute time frame on the USDX. This suggests in the short term we will see GU go higher. Fardeen1209, where do you see liquidity?
Above this ranging zone to 1.116 (order block) or above for banks to set their sell order in this stop losses region for the current floating sell orders. Liquidity sweep
This happen on a daily basis, in all 3 currency pairs i watched and trade
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More time in the market, does not mean you trade better!
  • #695,513
  • Oct 13, 2022 12:10am Oct 13, 2022 12:10am
US Dollar Inflation is expected to be above 8,1%. They will release this data in a few hours, that's why markets are falling like crazy since yesterday. In the private finance and investing forum they already released the exact number 2 days ago, so no news here.
The Black Swan: The Impact of the Highly Improbable
  • #695,514
  • Oct 13, 2022 12:25am Oct 13, 2022 12:25am
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do not follow me 99.9999999% of times, rest you can lol
  • #695,515
  • Oct 13, 2022 12:38am Oct 13, 2022 12:38am
german final cpi, what will happen ?
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do not follow me 99.9999999% of times, rest you can lol
  • #695,516
  • Oct 13, 2022 12:42am Oct 13, 2022 12:42am
playing little..im going short..if breaks high will go 1.12 today..
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  • #695,517
  • Oct 13, 2022 12:49am Oct 13, 2022 12:49am
Hello friends....I hope everyone is well and ready for Uncle Frank and London session. I hope that Kuroda San is ok too
I am neither brave nor stupid...I am just a part time trader
  • #695,518
  • Edited 1:16am Oct 13, 2022 1:01am | Edited 1:16am
Quoting voeltoez
playing little..im going short..if breaks high will go 1.12 today.. {image} {image}
1.1075 is support
and R...

pic2
and another look

and the winner is...
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Trendlines H1,H4, SMC
  • #695,519
  • Oct 13, 2022 1:09am Oct 13, 2022 1:09am
Tired of the ranging!
Interesting multi-day perspective.
Add to this the range that people have been talking about this week and it gets more interesting.
GBPUSD, now
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  • #695,520
  • Oct 13, 2022 1:13am Oct 13, 2022 1:13am
Nov 11 gonna be wild, with the amount of economic scheduled to be released that day.
More time in the market, does not mean you trade better!
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