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Cable Update (GBPUSD)

  • #695,561
  • Oct 13, 2022 2:30am Oct 13, 2022 2:30am
Good morning, Pat,
Where did you find this?
It's 3:30 am here, so maybe my brain isn't working yet. But I know I've seen this before.

Quoting Pat Chiko
{quote} Hello MapleLeaf. should've quote the source, if not it's just hearsay. BTW, the figure you've mentioned above is not official. It is median consensus estimated by group of banks ahead of CPI. Most traders took those number as "leaked" ahead of official data release Honestly, from my Newbie perspective,those estimates sure all seem to be too low. At this stage haven't banks realised they're constantly underestimating? The best estimate so far I've seen is Cleveland Fed, which has underestimated by a few tenths, but has been pretty close each...
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Funded trader
  • #695,562
  • Oct 13, 2022 2:33am Oct 13, 2022 2:33am
Quiet morning until CPI?
  • #695,563
  • Oct 13, 2022 2:33am Oct 13, 2022 2:33am
Quoting Pat Chiko
{quote} Hello MapleLeaf. should've quote the source, if not it's just hearsay. BTW, the figure you've mentioned above is not official. It is median consensus estimated by group of banks ahead of CPI. Most traders took those number as "leaked" ahead of official data release Honestly, from my Newbie perspective,those estimates sure all seem to be too low. At this stage haven't banks realised they're constantly underestimating? The best estimate so far I've seen is Cleveland Fed, which has underestimated by a few tenths, but has been pretty close each...
I expect green numbers as I also did yesterday for PPI.

Orders are in place..
Whatever happens they'll get triggered.

Weak USD

USD/JPY
146, 145.5, 145 (Short orders)

Strong USD

GBP/USD
1.10, 1.095, 1.09 (Short orders)


Now I'm going to get some coffee before this madness begin..
  • #695,564
  • Oct 13, 2022 2:38am Oct 13, 2022 2:38am
Quoting sbmortimer
Good morning, Pat, Where did you find this? It's 3:30 am here, so maybe my brain isn't working yet. But I know I've seen this before. {quote} {image}
Few of my analyst friend send it to me.....
A bit disappointing as my name is not in the list........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,565
  • Oct 13, 2022 2:40am Oct 13, 2022 2:40am
Quoting TheWolf
{quote} I expect green numbers as I also did yesterday for PPI. Orders are in place.. Whatever happens they'll get triggered. Weak USD USD/JPY 146, 145.5, 145 (Short orders) Strong USD GBP/USD 1.10, 1.095, 1.09 (Short orders) Now I'm going to get some coffee before this madness begin..

Thanks for the great info The Wolf.
Appreciate you effort here.

Enjoy your coffee.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,566
  • Oct 13, 2022 2:42am Oct 13, 2022 2:42am
Quoting Waveskierrob
{quote} "Today I will be mainly buying and selling ad hoc"...

I'm at the gas station right now. You want something?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,567
  • Oct 13, 2022 2:44am Oct 13, 2022 2:44am
Quoting Bella.al
Daily Bar Pivot Analysis: Pivot = 1.10510. Day Bias = Moderately Bullish. Long GBPUSD : 1.10635 Stoploss: 1.10312 Take profit :1.12616 {image}

Current Rate : 1.10871

i am +26 Pips as i write this and expecting to see R1 1.11800 first.
Goddess of Thunder..
  • #695,568
  • Oct 13, 2022 2:45am Oct 13, 2022 2:45am
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yes yes yes
  • #695,569
  • Oct 13, 2022 2:46am Oct 13, 2022 2:46am
Quoting Pat Chiko
{quote} Few of my analyst friend send it to me..... A bit disappointing as my name is not in the list........{image}
If your name is not on it, it should be!
I was sure I watched a video a couple of weeks ago with this layout.
But I can't remember now. I'll go look at my "watched video" list on YouTube.

Edit: It's from the Bloomberg Terminal.
Here is an example.
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  • #695,570
  • Edited 3:04am Oct 13, 2022 2:49am | Edited 3:04am
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  • #695,571
  • Oct 13, 2022 2:51am Oct 13, 2022 2:51am
Quoting sbmortimer
{quote} If your name is not on it, it should be! I was sure I watched a video a couple of weeks ago with this layout. But I can't remember now. I'll go look at my "watched video" list on YouTube.
It is a system used by institutional trader to keep up-to-date forecast. No wonder why they are professional.
It gives them an edge, but still no "guarantee"
More time in the market, does not mean you trade better!
  • #695,572
  • Oct 13, 2022 2:53am Oct 13, 2022 2:53am
Quoting Fardeen1209
{quote} It is a system used by institutional trader to keep up-to-date forecast. No wonder why they are professional. It gives them an edge, but still no "guarantee"
I wish I had access to it!
Funded trader
  • #695,573
  • Oct 13, 2022 2:53am Oct 13, 2022 2:53am
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morning enter and stop let’s see first trade this morning
  • #695,574
  • Oct 13, 2022 2:58am Oct 13, 2022 2:58am
Quoting Whale
{image}
Hi Whale. good morning.

Some typo in chart need correction. You mean "BUY"
BTW you've smart trader strategy, that is "Staying Out. Reaction is better than Prediction."
Wait for price, and patience
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,575
  • Oct 13, 2022 3:02am Oct 13, 2022 3:02am
Quoting birdland
{quote} still testing and questions arise... what happens if the market continues to rise and you continue to short but the price does not return to the average price? should you close out the whole position at some point with a loss? thanks in advance for the answer
ok if you are SHORT and the price rises, and you've been hedging LONG if what you have banked more than the SHORT loss then you could close the SHORT, you've made profit happy days then start over again....or carry on hedging LONG but then also place another SHORT no TP no SL. so now you will 1 x LONG with TP and no SL and 2x SHORTS, 1 with original TP no SL and 1 with no TP no SL, carry on hedging if price goes up. if price goes down then you can close both SHORTS when original SHORT TP is hit and the 1 x LONG, if you do this you will be in profit because you've been banking your hedging LONGS. This is just a couple of examples, that's why I say demo for at least a month then you will see and probably come up with your own ideas, I can't just tell you, you need the experience..., forget what the market is doing just trade your position back into profit...hope this helps, still happy to answer any questions...
  • #695,576
  • Edited 3:28am Oct 13, 2022 3:04am | Edited 3:28am
Quoting sbmortimer
{quote} I wish I had access to it!
Maybe it is Bloomberg terminal package.
More time in the market, does not mean you trade better!
  • #695,577
  • Oct 13, 2022 3:05am Oct 13, 2022 3:05am
Quoting Waveskierrob
{quote} ok if you are SHORT and the price rises, and you've been hedging LONG if what you have banked more than the SHORT loss then you could close the SHORT, you've made profit happy days then start over again....or carry on hedging LONG but then also place another SHORT no TP no SL. so now you will 1 x LONG with TP and no SL and 2x SHORTS, 1 with original TP no SL and 1 with no TP no SL, carry on hedging if price goes up. if price goes down then you can close both SHORTS when original SHORT TP is hit and the 1 x LONG, if you do this you will be...

good advice, once he tries trading hedging which can be done with demo.

When it clicks , he will know. It is that eureka moment when it clicks, and then Happy days.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,578
  • Oct 13, 2022 3:05am Oct 13, 2022 3:05am
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}
I don't really have any experience at long term (or short term for that matter) analysis or forecasting. I trade things as I see them at the time....you've probably noticed! BUT....hee hee hee.....when I see you chart forecast and I look at my own H4 chart I agree with the direction of going up, but I don't know about the levels that the action might stop at on the way up. The reason I say this is because the MACD is looking to turn up, as is the Stochastic (with my own settings). Also, the RSI is hovering around the 50 level and if it gets above that level, it will be in the Bulls playground. Also, if I zoom out to see the Daily chart, the MACD and Stochastic is supporting the same as I said for the H4, but the RSI is still under the 50 level.

Soooooooooo...............if I HAD to choose a direction I would say that up is much more likely than down, and if that is true, then GU has already found it's bottom. All of this could be nonsense too because I can't see very far over the long grass
I am neither brave nor stupid...I am just a part time trader
  • #695,579
  • Oct 13, 2022 3:05am Oct 13, 2022 3:05am
1.1050 preferable Long
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #695,580
  • Oct 13, 2022 3:06am Oct 13, 2022 3:06am
Quoting Pat Chiko
{quote} Hi Whale. good morning. Some typo in chart need correction. You mean "BUY" BTW you've smart trader strategy, that is "Staying Out. Reaction is better than Prediction." Wait for price, and patience
thank you, i fixed it

im not smart at all.
i need a good place with hidden liquidity but most important minimum risk and easy area to locate my stop.

if price will not make it there i will buy it higher and 1.16 is my target.
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