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Cable Update (GBPUSD)

  • #695,521
  • Oct 12, 2022 11:14pm Oct 12, 2022 11:14pm
Quoting TooSlow
{quote} Yes, Mate, all is well here. Cheers!

Living the dream. Take care.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,522
  • Oct 12, 2022 11:17pm Oct 12, 2022 11:17pm
Quoting dantpm
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 {image}
Ranges will be burnt to ashes as we saw market gone wild couple of days back. The turmoil is not yet over
WARNING: This post warps space and time in its vicinity.
  • #695,523
  • Oct 12, 2022 11:19pm Oct 12, 2022 11:19pm
Quoting MapleLeaf
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.
Which implies at this time 75 BPS is baked in as a minimum rate increase with speculation of a higher one in one of the next increases. No real surprise for the USD. The wild card yesterday and today is how GBP reacts!
  • #695,524
  • Oct 12, 2022 11:20pm Oct 12, 2022 11:20pm
Interesting times on Monthly chart, possibility of parity is very much likely.
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Plan your trades and trade your plan.
  • #695,525
  • Oct 12, 2022 11:29pm Oct 12, 2022 11:29pm
Quoting VM.
{quote} That's an interesting comment. I myself like to enter at support / resistance (or near support / resistance after it is rejected) but I also noticed that a lot of time, when price is closing to support / resistance, it is almost inevitable that it does reach it. But I am still scared to trade it, as the space in the other direction is bigger. Do you have any advise on how to overcome this fear?
Hi... 1st. This is how i will trade if i have a fail, and it is my philosophy.
The chart , Cable 4 hour.. 1-2 -3 are support levels..... 4-5-6 are resistance levels.
These only matter right now 07-25 am UK time.

If price moves up to 4 or drops to 1... do we trade the breakout or retrace????
Right now , i would get a trigger AND TRADE TO 1 or 4.. that is approx 30 pips either way.
Just follow the market makers....
Attached Image (click to enlarge)
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Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,526
  • Edited 11:47pm Oct 12, 2022 11:32pm | Edited 11:47pm
t 07-29 am UK time.
Cable, same as yesterday, i will trade off the 07-45 to 08-00 15 minute bar, hopefully SHORT. <<< reason. i like to short but i will long.
Then hopefully trade off the 08-00 to 08-15 minute bar. UK open.
Just a quick scalp but a knockout blow, catch the market maker moving price.
Lets see.....
Trade well all.
07-32.


edit, 07-46 typo error, i wrote Long but i changed it to SHORT duh !!!!
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,527
  • Oct 12, 2022 11:34pm Oct 12, 2022 11:34pm
Quoting Aussi
{quote}
I'm sure you're thinking the same,... nice to have one..
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,528
  • Oct 12, 2022 11:35pm Oct 12, 2022 11:35pm
t 07-33
oops, i forgot.
my bias is short after price broke down through 11078.
Once it breaks 11120 then my bias will be long. i will still trade long if my bias is short and vice versa. keep it simple.

Bias is for gathering lots of pips, which i do not do.lol
Trade well all.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,529
  • Oct 12, 2022 11:36pm Oct 12, 2022 11:36pm
Cable never reached this level, never ever in history.

Holy wow, that's all I am going to say.

Enjoy this, because you are writing history, guys. In 100 years all books are going to talk about this moment.

Holy freaking hell. Damn. Even lower than year 1985.
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The Black Swan: The Impact of the Highly Improbable
  • #695,530
  • Oct 12, 2022 11:38pm Oct 12, 2022 11:38pm
GU

Trade Ideas
Any comment welcome.
Englis good or bad , no issue, just write, we can story here.

If you cannot "brain" this, just ask question
Let hear from each other.... wrong or write (typo) right, nenver mind we learn together.
Thank you
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,531
  • Oct 12, 2022 11:40pm Oct 12, 2022 11:40pm
Quoting Pat Chiko
{quote} I'm sure you're thinking the same,... nice to have one..
my mind does wander at times Pat
people leave, but this thread will go on for ever
  • #695,532
  • Oct 12, 2022 11:42pm Oct 12, 2022 11:42pm
Quoting WizardTrade
{quote} Ranges will be burnt to ashes as we saw market gone wild couple of days back. The turmoil is not yet over

There were famous saying goes like :
"Irish Ranger can weather Ranges."
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,533
  • Oct 12, 2022 11:43pm Oct 12, 2022 11:43pm
I hope all this news would get this market moving today because this range is getting tiring
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MY STRATEGY HAS 95% WIN RATE
  • #695,534
  • Oct 12, 2022 11:45pm Oct 12, 2022 11:45pm
Quoting Aussi
{quote} my mind does wander at times Pat
Don't worry ,in 15 years , I get old and will get one too.
Just wanna be like Leonardo DiCaprio, but we got to have a thick wallet to do the same.

Just take from the market and save it for "golden age"
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,535
  • Oct 12, 2022 11:46pm Oct 12, 2022 11:46pm
Quoting Pat Chiko
GU Trade Ideas Any comment welcome. Englis good or bad , no issue, just write, we can story here. If you cannot "brain" this, just ask question Let hear from each other.... wrong or write (typo) right, nenver mind we learn together. Thank you{image}
If it plays out, It will be a good setup. Am looking at it as well.
MY STRATEGY HAS 95% WIN RATE
  • #695,536
  • Oct 12, 2022 11:49pm Oct 12, 2022 11:49pm
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  • #695,537
  • Oct 12, 2022 11:50pm Oct 12, 2022 11:50pm
Quoting Nnaa
I hope all this news would get this market moving today because this range is getting tiring {image}
Retail sales is tomorrow.
Today we have US CPI
More time in the market, does not mean you trade better!
  • #695,538
  • Oct 12, 2022 11:53pm Oct 12, 2022 11:53pm
Quoting Fardeen1209
{quote} Retail sales is tomorrow. Today we have US CPI
Yes
MY STRATEGY HAS 95% WIN RATE
  • #695,539
  • Oct 12, 2022 11:54pm Oct 12, 2022 11:54pm
When there is time, can someone explain what is an 'option' please? "FX option expiries for 13 October 10am New York cut" I see this kind of news all the time but I don't understand what they mean. No need to reply now as Uncle Frank is active, but at sometime that is good for you. Thank you
I am neither brave nor stupid...I am just a part time trader
  • #695,540
  • Oct 12, 2022 11:56pm Oct 12, 2022 11:56pm
Quoting Pat Chiko
GU Trade Ideas Any comment welcome. Englis good or bad , no issue, just write, we can story here. If you cannot "brain" this, just ask question Let hear from each other.... wrong or write (typo) right, nenver mind we learn together. Thank you{image}
"Today I will be mainly buying and selling ad hoc"...
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