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Cable Update (GBPUSD)

  • #695,741
  • Oct 13, 2022 6:36am Oct 13, 2022 6:36am
So it looks like a bunch of people believe the bullshit spouted by the BoE again?
  • #695,742
  • Oct 13, 2022 6:37am Oct 13, 2022 6:37am
Quoting OBsayMkMoney
{quote} Perfect example of my channel breaker theory. 1... it broke the channel 2 it reached support shown by the long tail. 3 price wend back to the tail signaling a great entry. Price should now go above previous high. SL just below tail of 2, and the entry as close to the bottom of the tail as possible. This is of course IF the higher time frames confirm the bullish bias. Risk 5 pips.. reward... open. I suggest a fib retracement for possible targets at 61 100 n 161 {image}
Well it works for me last two morning trades live entry’s and analysis given … . Well done .
  • #695,743
  • Oct 13, 2022 6:38am Oct 13, 2022 6:38am
surely it is due to leaked news.
Intraday only.
  • #695,744
  • Oct 13, 2022 6:39am Oct 13, 2022 6:39am
Quoting MIKKI
long with tp 1244...
TP HIT...
average dude treading water
  • #695,745
  • Oct 13, 2022 6:39am Oct 13, 2022 6:39am
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watch old trend line touch . Sometimes confirms high only to short again
  • #695,746
  • Oct 13, 2022 6:39am Oct 13, 2022 6:39am
Quoting Yngwie
Long 1.0930 SL 1.0890
320+ pips so far. Long way journey to 1.2080
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #695,747
  • Oct 13, 2022 6:41am Oct 13, 2022 6:41am
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  • #695,748
  • Oct 13, 2022 6:43am Oct 13, 2022 6:43am
any news?
  • #695,749
  • Oct 13, 2022 6:43am Oct 13, 2022 6:43am
Juct closed my second TP manually.
Now if it goes another 100pips up or down, i'm a happy boy for today.
Time for margin call movie.
Trade safe peeps
More time in the market, does not mean you trade better!
  • #695,750
  • Oct 13, 2022 6:44am Oct 13, 2022 6:44am
Quoting JackintheBox
any news?
Trap buyers i think, idk what will be the cpi data until it is out.
More time in the market, does not mean you trade better!
  • #695,751
  • Oct 13, 2022 6:45am Oct 13, 2022 6:45am
Quoting Bella.al
{quote} Current Rate: 1.11718 I have updated my T/P Level to 1.13602 near Today's R3 Level : 1.13910 I will be trying to Trail this position hence adjusted T/P levels {image}
Current Rate : 1.12691

I am +203 Pips as i write this , Trailing Stop moved to 1.11657 ,

Locked +102 Pips Atm
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Goddess of Thunder..
  • #695,752
  • Oct 13, 2022 6:45am Oct 13, 2022 6:45am
Wooooah what happened?
Insane in the Brain..
  • #695,753
  • Oct 13, 2022 6:48am Oct 13, 2022 6:48am
Quoting yngwie
{quote} 320+ pips so far. Long way journey to 1.2080
just short 1250 sl and tp on chart
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MY OPINION NOT FINANCIAL ADVISE
  • #695,754
  • Oct 13, 2022 6:49am Oct 13, 2022 6:49am
Quoting BeeTogether
Wooooah what happened?
We've been here before... GBPUSD squeezes to 1.14-1.15 before potentially pausing.
This time the squeeze might have legs to it given the government know they have to deliver some U-turns.
My sense is we could clear 1.15 in the coming weeks on a full reversal. Let's see...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,755
  • Oct 13, 2022 6:49am Oct 13, 2022 6:49am
Quoting Yngwie
{quote} 320+ pips so far. Long way journey to 1.2080
Thats all your targeting? 1.30 here
  • #695,756
  • Oct 13, 2022 6:49am Oct 13, 2022 6:49am
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yes yes yes
  • #695,757
  • Oct 13, 2022 6:51am Oct 13, 2022 6:51am
Quoting OBsayMkMoney
{quote} Try these.. they are good confidence builders.. DO NOT USE them to LEAD your trades. They are to confirm what you already know. No indicator should lead you. Only Price action, but again... Risk reward is the key. IMO that is. {file} {file} {file}
No indicator should lead you. Only Price action,

Essentially no one uses price action: They simply use yet another INDICATOR called price bars. But "price action" traders are happy to proclaim that they use no indicators because they use only one indicator that they likely don't accept as being an indicator.

Price action is viewed by looking at the incoming ticks. Price bars are an indicator that AGGREGATES the tick information using some specified format. For example, bars that aggregate the ticks over an interval of one minute and have visual cues for what the price was of the tick at the opening, closing, high, and low of that bar.

So, you are correct that, "No indicator can lead you", including price bar indicator.
To free Gazans of Hamas, use whatever it takes.
  • #695,758
  • Oct 13, 2022 6:52am Oct 13, 2022 6:52am
Quoting Pat Chiko
{quote} We've been here before... GBPUSD squeezes to 1.14-1.15 before potentially pausing. This time the squeeze might have legs to it given the government know they have to deliver some U-turns. My sense is we could clear 1.15 in the coming weeks on a full reversal. Let's see...
"Someone always knows"
Extra dodgy that in this case it was, ostensibly, elected officials/public servants...

U.S. STOCK INDEX FUTURES MOVE HIGHER AFTER REPORTS PARTS OF UK MINI BUDGET PLAN MAY BE SCRAPPED; S&P 500 E-MINIS <EScv1> UP 35.25 POINTS, OR 0.98%
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,759
  • Oct 13, 2022 6:54am Oct 13, 2022 6:54am
Quoting Pat Chiko
{quote} "Someone always knows" Extra dodgy that in this case it was, ostensibly, elected officials/public servants... U.S. STOCK INDEX FUTURES MOVE HIGHER AFTER REPORTS PARTS OF UK MINI BUDGET PLAN MAY BE SCRAPPED; S&P 500 E-MINIS <EScv1> UP 35.25 POINTS, OR 0.98%
GOVERNMENT LOOKING AT A RETURN TO THE MANDATE FROM THE LEADERSHIP CONTEST, NO CLARITY ON TIMING OF ANNOUNCEMENT IF IT HAPPENS
- Reuters via https:FXP/Suite
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,760
  • Oct 13, 2022 6:54am Oct 13, 2022 6:54am
Quoting DrDave
{quote} No indicator should lead you. Only Price action, Essentially no one uses price action: They simply use yet another INDICATOR called price bars. But "price action" traders are happy to proclaim that they use no indicators because they use only one indicator that they likely don't accept as being an indicator. Price action is viewed by looking at the incoming ticks. Price bars are an indicator that AGGREGATES the tick information using some specified format. For example, bars that aggregate the ticks over an interval of one minute and have...

a candle/bar is an indicator, best thing on the planet.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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