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Cable Update (GBPUSD)

  • #696,081
  • Oct 13, 2022 6:06pm Oct 13, 2022 6:06pm
Quoting WizardTrade
My view today: {image}
Curious, quite a reversal. Besides dumping the UK Mini budget what has changed in your mind?
  • #696,082
  • Oct 13, 2022 6:07pm Oct 13, 2022 6:07pm
Quoting TheWolf
{quote} One more time to 1.15. Then I think things will get interesting. Then 1.17 is close. If 1.17 gets owned by bulls we have a reversal.
I think anything can happen given the recent price action from the last couple of days. Let's see
WARNING: This post warps space and time in its vicinity.
  • #696,083
  • Oct 13, 2022 6:09pm Oct 13, 2022 6:09pm
Quoting dantpm
{quote} Curious, quite a reversal. Besides dumping the UK Mini budget what has changed in your mind?
It's a temporary view. Long term view is below parity. Since the price action is showing bullish signals on lower TFs so I don't want to fall off the grid
WARNING: This post warps space and time in its vicinity.
  • #696,084
  • Oct 13, 2022 6:16pm Oct 13, 2022 6:16pm
With Yngwie racking up over 700 pips so far in one 2 day run, I am inclined to hear what he has to say. He is talking 1.14
  • #696,085
  • Oct 13, 2022 6:47pm Oct 13, 2022 6:47pm
Movements on GBP/USD (50 pips 10 Minutes)! EUR/USD above 0.98.
I guess you were right Wiz, 1.15.
  • #696,086
  • Oct 13, 2022 7:14pm Oct 13, 2022 7:14pm
Asia shorted the spike. ( Spike region )

Exit ( stop ) based on my equity.

TP - Some percentage ( 0.5 TO 1 % ) of my equity.
Intraday only.
  • #696,087
  • Oct 13, 2022 7:17pm Oct 13, 2022 7:17pm
Quoting TheWolf
Some news from Japan.. Okay.. so this means we should have another intervention... USD/JPY 80% net short, EUR/JPY 75% net short, GBP/JPY 75% net short etc..) BoJ intervened when USD/JPY was trading at 145 which means this price is already too much to handle. Will BoJ let USD/JPY to reach 150, 155?
It means 80%+ stop losses are positioned in 148, 149, 150, right?

Today, I favor to SHORT because:
1. Friday!
2. 7 straight bullish candles
3. intervention, quick to last 4 hrs like EURCHF in JAN 15, 2015 and USDJPY in SEP 22, 2022
4. today we should close with a bearish candle. I know, I know predicting is not good. We should go with the flow. So, if London opens and a short signal is confirmed, even without reaching 148, 149, 150, will take it.
TP at EMA10 in D1 = because today is not double days, 15-15 or 22-22


And does GBPUSD have a bull flag in D1?
TP 1494 = because 1469 is MA50 in D1 so it may not reach RN 1500
Attached Image (click to enlarge)
Click to Enlarge Name: UJ GU 14OCT.png Size: 25 KB
  • #696,088
  • Oct 13, 2022 7:24pm Oct 13, 2022 7:24pm
Quoting navk
Asia shorted the spike. ( Spike region ) Exit ( stop ) based on my equity. TP - Some percentage ( 0.5 TO 1 % ) of my equity.
Profit Booked.

Quick scalp.

I am interested in profit exit.

0.6 % done.
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 30 KB
Intraday only.
  • #696,089
  • Oct 13, 2022 7:28pm Oct 13, 2022 7:28pm
Some may be wondering what is spike region.

This is the spike region. ( Above border lines ).

This is educational stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: book 1.png Size: 8 KB
Intraday only.
  • #696,090
  • Edited 7:42pm Oct 13, 2022 7:29pm | Edited 7:42pm
Quoting yelena
{quote} It means 80%+ stop losses are positioned in 148, 149, 150, right? Today, I favor to SHORT because: 1. Friday! 2. 7 straight bullish candles 3. intervention, quick to last 4 hrs like EURCHF in JAN 15, 2015 and USDJPY in SEP 22, 2022 4. today we should close with a bearish candle. I know, I know predicting is not good. We should go with the flow. So, if London opens and a short signal is confirmed, even without reaching 148, 149, 150, will take it. TP at EMA10 in D1 = because...
SL's.. probably yeah.
Hahah, right as you wrote 15 2015 and 22 2022 It cought my eye! Nice!

It is Friday, so this weeks retracement could come, but I don't know to be honest.
Nice charts though!

When I get home, I'll share mine. It's hard to tell for me without looking at my charts.

Double Days ha? We are waiting for 22nd of October then? That's Saturday..

Hmm...

Also, these are highs when you're looking at Weekly chart..on Yen pairs.. That's why I already added short on GBP and EUR against Yen, albeit with a smaller lot size. I save big for USD/JPY.

My intuition is telling me it's very likely to happen next week. Today is Friday.. It's better to intervene on Monday or Tuesday in my opinion.

Well, we will see I guess. My short orders are ready and I doubt they will do another one of those 1 Minute 120 pips move again.
  • #696,091
  • Oct 13, 2022 7:36pm Oct 13, 2022 7:36pm
will take short in GU rise ( for now )

Will be adding small positions by averaging method
Intraday only.
  • #696,092
  • Oct 13, 2022 7:52pm Oct 13, 2022 7:52pm
Quoting navk
will take short in GU rise ( for now ) Will be adding small positions by averaging method
Added another 150 bucks to the score.

Quick again.

Entry ( by averaging ) above middle of the border.

My target was bottom of border.

That is all for Asia.

Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 41 KB
Intraday only.
  • #696,093
  • Oct 13, 2022 7:57pm Oct 13, 2022 7:57pm
The PA is helping.

I could have taken long entry and booked much more.

As I was sleeping and just got up and sitting in the PC.

What is done... I am happy.

See the picture for long entry point , which I did not take.

As some are asking for educational purpose, this post.

30 min support + 60 min support + momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: book 1.png Size: 6 KB
Intraday only.
  • #696,094
  • Oct 13, 2022 8:15pm Oct 13, 2022 8:15pm
Quoting TheWolf
{quote} I was wondering if I was the quilty one in this story but then realized you wrote "excellent member". Nope, not me..
I am now worry free.

Asia is done.

Now, let me answer you.


First of all, I said that person is excellent.

To me you are very good trader + Very good person.

You yourself do not invite fight. + You appreciate good things + you do not click ignore button for any member + You do not leave from buddy list from anyone = Very good member.

About trading, you are not guilty for my UJ short loss.

So, that is it.

It is somebody.

I do not want to mention and invite a fight. ( He fights with me though I love him )

Intraday only.
  • #696,095
  • Oct 13, 2022 8:19pm Oct 13, 2022 8:19pm
still gu short is preferable for me until LO to me.
Intraday only.
  • #696,096
  • Oct 13, 2022 8:20pm Oct 13, 2022 8:20pm
Quoting navk
{quote} I am now worry free. Asia is done. Now, let me answer you. First of all, I said that person is excellent. To me you are very good trader + Very good person. You yourself do not invite fight. + You appreciate good things + you do not click ignore button for any member + You do not leave from buddy list from anyone = Very good member. About trading, you are not guilty for my UJ short loss. So, that is it. It is somebody. I do not want to mention and invite a fight. ( He fights with me though I love him ) ...
vanakkam
  • #696,097
  • Oct 13, 2022 8:22pm Oct 13, 2022 8:22pm
Hi Traders
The price has returned to the important area that it was in last week but could not break it, which I expect to break it this time. I see the upward trend continuing.
Although the price has a sharp decline again, such as manipulation and spike on Fryday
The positive news of the dollar didn't lower the price either
Let's see what will happen
I will buy today as I did last 2 days
Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (2126).png Size: 72 KB
Click to Enlarge Name: Screenshot (2123).png Size: 26 KB
There is nothing wrong with being kind & loving to each other
  • #696,098
  • Oct 13, 2022 8:23pm Oct 13, 2022 8:23pm
Quoting navk
still gu short is preferable for me until LO to me.
What’s your target for short
  • #696,099
  • Oct 13, 2022 8:24pm Oct 13, 2022 8:24pm
Quoting PatienceFx
{quote} vanakkam
Good morning to You ( Vanakkam, easier to speak in our language. )
Patience, neengalum ille.

Antha avan than, Nerya ego avanukku.

Avanoda trade nan pottu enakku loss.

But periya loss ille. Ana copy trading panrathu romba dangerous.

Avanukku humble na ennannu theriyathu.
Intraday only.
  • #696,100
  • Oct 13, 2022 8:25pm Oct 13, 2022 8:25pm
Quoting shakmoney
{quote} What’s your target for short
Preferably daily pivot , technically.

But my exits are usually % profit based.

Same as % Loss.
Intraday only.
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