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Cable Update (GBPUSD)

  • #696,401
  • Oct 14, 2022 6:48am Oct 14, 2022 6:48am
Quoting elbert3
{image}ready steady
right on cue . Love it
  • #696,402
  • Oct 14, 2022 6:48am Oct 14, 2022 6:48am
Quoting suhas316
{image}
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!! Radha Radha !!
  • #696,403
  • Oct 14, 2022 6:49am Oct 14, 2022 6:49am
The UK isn't a circus, this is just a bit of theatre. The show will finish, and people will go back to their mundane lives.

In the meantime there is a bit a volatility to take advantage of.
  • #696,404
  • Oct 14, 2022 6:50am Oct 14, 2022 6:50am
Quoting Whale
{quote} Bears took almost all my gains from yesterday. Lol
Damn bears
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #696,405
  • Oct 14, 2022 6:50am Oct 14, 2022 6:50am
Quoting BeeTogether
Talks of u turn on tax cuts.. could be sending the pound down even more
So the pound goes down when they announce the tax cuts, but goes down when reversing them? What do they want?

I'm of the opinion that lower taxes are better simply because you don't have a strong economy if they government takes everyones money.
  • #696,406
  • Oct 14, 2022 6:51am Oct 14, 2022 6:51am
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confirm breakout 117 coming up .
  • #696,407
  • Oct 14, 2022 6:52am Oct 14, 2022 6:52am
what a day
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"Exchange of hands"
  • #696,408
  • Oct 14, 2022 6:53am Oct 14, 2022 6:53am
Broken Let's see how it closes Neckline the last resort for the bulls
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WARNING: This post warps space and time in its vicinity.
  • #696,409
  • Oct 14, 2022 6:54am Oct 14, 2022 6:54am
Seriously, why do people think it's better for the economy if taxes are higher?
  • #696,410
  • Oct 14, 2022 6:55am Oct 14, 2022 6:55am
I have a Sell on this train. I will protect the trade early though

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I am neither brave nor stupid...I am just a part time trader
  • #696,411
  • Oct 14, 2022 6:55am Oct 14, 2022 6:55am
Im glad I removed my buy trade, bulls have been trapped for now, weekly range already did 457 pips yesterday at 1.1380...
Data + Stat + Risk/Emotions Management
  • #696,412
  • Oct 14, 2022 6:56am Oct 14, 2022 6:56am
I can still see 1.07


dont know why i believe so much in this but we'll see soon
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MY OPINION NOT FINANCIAL ADVISE
  • #696,413
  • Oct 14, 2022 6:57am Oct 14, 2022 6:57am
Quoting Georginson
Im glad I removed my buy trade, bulls have been trapped for now, weekly range already did 457 pips yesterday at 1.1380...
MONTHLYnot done maybe 1.07 and 1.05
MY OPINION NOT FINANCIAL ADVISE
  • #696,414
  • Oct 14, 2022 6:57am Oct 14, 2022 6:57am
hold it !!!!!
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yes yes yes
  • #696,415
  • Oct 14, 2022 6:58am Oct 14, 2022 6:58am
Quoting thevisitor
Off topic What happened? {image}
He did make a racist comment, then deleted it straight away but FF very hot with racism on their forum, maybe because of that
  • #696,416
  • Edited 7:14am Oct 14, 2022 6:58am | Edited 7:14am
Quoting bilal1947
The Daily OB will it get respected? {image}
GU - reached the first daily target.

Q: which color scheme is better Green/Purple or Blue/black?
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"Exchange of hands"
  • #696,417
  • Oct 14, 2022 6:58am Oct 14, 2022 6:58am
Would not be surprised with cable below 1.1 today.
The dash higher was a short squeeze, helped by rumours / news.
Fundamentally, the only path is down.
Now, with some of the sellers long-term positions closed by the sudden move higher and bulls trapped, we will move to the downside with force (and don't worry, rumours / news that help will appear).
Same goes for stock indices.
This is of course my view, I may be wrong.
  • #696,418
  • Oct 14, 2022 6:59am Oct 14, 2022 6:59am
Quoting MrFanciful
Seriously, why do people think it's better for the economy if taxes are higher?
Norway...
  • #696,419
  • Oct 14, 2022 7:00am Oct 14, 2022 7:00am
Quoting VM.
Would not be surprised with cable below 1.1 today. The dash higher was a short squeeze, helped by rumours / news. Fundamentally, the only path is down. Now, with some of the sellers long-term positions closed by the sudden move higher and bulls trapped, we will move to the downside with force (and don't worry, rumours / news that help will appear). Same goes for stock indices. This is of course my view, I may be wrong.
Time to go long then
  • #696,420
  • Oct 14, 2022 7:01am Oct 14, 2022 7:01am
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Old trend line being tested
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