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Cable Update (GBPUSD)

  • #696,541
  • Oct 14, 2022 9:07am Oct 14, 2022 9:07am
The band is calling you mf
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yes yes yes
  • #696,542
  • Oct 14, 2022 9:07am Oct 14, 2022 9:07am
Quoting TheWolf
{quote} Reloading after this crappy retracement no? All shorts I had are TP-ed on Yen. Now, I wait again to load the last bullets for today.
Yes I will resell from 1.1220 or buy from 1.1144 to 1.1100
Data + Stat + Risk/Emotions Management
  • #696,543
  • Oct 14, 2022 9:09am Oct 14, 2022 9:09am
Buy, sell areas today.

Though one can make money in both directions, sellers will get paid more since price has been below daily open.
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Intraday only.
  • #696,544
  • Oct 14, 2022 9:09am Oct 14, 2022 9:09am
Quoting navk
Since Asia open...only short. It is true that yesterday was bullish candle. Longs will get fooled easily in this pair. GU when goes up... sell.
Very weird statement my friend.
  • #696,545
  • Oct 14, 2022 9:09am Oct 14, 2022 9:09am
Quoting Mitiblotch
{quote} This isn't trapping sellers. It will dump and dump hard. Be prepared for at least minus up till 1.1120 and even 1.1100. And I say this respectfully. Bulls won't get it up till those figures.
This is a bear trap, with respect.
Swing trades for me , targeting around 1.15
Have a good weekend
  • #696,546
  • Oct 14, 2022 9:12am Oct 14, 2022 9:12am
Quoting Whale
{quote} Very weird statement my friend.
.

Sellers mostly get benefitted in this pair than buyers.
Intraday only.
  • #696,547
  • Oct 14, 2022 9:12am Oct 14, 2022 9:12am
Quoting thevisitor
{quote} This is a bear trap, with respect. Swing trades for me , targeting around 1.15 Have a good weekend
I have similar view.
but frankly we cannot be sure that we right and they wrongz
  • #696,548
  • Oct 14, 2022 9:12am Oct 14, 2022 9:12am
Quoting Nnaa
Shorting GBP/USD {image}
Closing in profit. I am Done for the week. see you guys next week.
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MY STRATEGY HAS 95% WIN RATE
  • #696,549
  • Oct 14, 2022 9:12am Oct 14, 2022 9:12am
Quoting MrFanciful
{quote} My target is 1.12960 with entry of 1.11684. That should be enough for everyone else to sell
Hahaha... I wish you pips mate. I think thendirection has been set for the day. All this bounces don't mean a thing. The bottom won't come from a sharp bounce. Watch how Fridays work. It will go down and stay down and close down and won't bounce. Then the bottom for the day would be in.

I don't fight Fridays. I love them. Find the direction and stick to it. Yes, some time,ws it may fail but rarely.
  • #696,550
  • Oct 14, 2022 9:12am Oct 14, 2022 9:12am
Quoting Whale
{quote} Its seems im in a little problem with my longs loading, 1.115 and im done. my sl there and it will be ruff lose because of the loading, but i need to let the market do what it knows.
Whale, technically, you are right, but if you believe that yesterday's move was 1-5 the best place to load up is at 50% retracement of this move.
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Always trade your own plan...I don't provide trading signals.
  • #696,551
  • Oct 14, 2022 9:13am Oct 14, 2022 9:13am
Quoting navk
{quote} . Sellers mostly get benefitted in this pair than buyers.
Ok, i disagree on that.
  • #696,552
  • Oct 14, 2022 9:13am Oct 14, 2022 9:13am
Price may go up to retrace...

But...

being friday, should I venture ?

BIG NO to me.
Intraday only.
  • #696,553
  • Oct 14, 2022 9:14am Oct 14, 2022 9:14am
POSTMASTER
  • #696,554
  • Oct 14, 2022 9:15am Oct 14, 2022 9:15am
Quoting navk
Since Asia open...only short. It is true that yesterday was bullish candle. Longs will get fooled easily in this pair. GU when goes up... sell.
in one of my posts today i sai cablle will go back to daily 20 sma, well job completed
  • #696,555
  • Oct 14, 2022 9:15am Oct 14, 2022 9:15am
Quoting Whale
{quote} Ok, i disagree on that.
ok.

Buyers and sellers get mostly in this pair.

I get in this way.

Do you agree now ?



Have to go out. .

Bye now.
Intraday only.
  • #696,556
  • Oct 14, 2022 9:15am Oct 14, 2022 9:15am
GJ long
CJ short
POSTMASTER
  • #696,557
  • Oct 14, 2022 9:16am Oct 14, 2022 9:16am
Cable tp 1.11400 and then long again
  • #696,558
  • Oct 14, 2022 9:17am Oct 14, 2022 9:17am
Quoting navk
{quote} ok. Buyers and sellers get mostly in this pair. I get in this way. Do you agree now ? Have to go out. . Bye now.
You left me no choice
  • #696,559
  • Oct 14, 2022 9:17am Oct 14, 2022 9:17am
Quoting martinez1
{quote} I see what you do there... trouble maker. Lol . Please let's not look for trouble. Lol's
Sorry .....
  • #696,560
  • Oct 14, 2022 9:18am Oct 14, 2022 9:18am
Quoting VM.
News slightly positive for risk (but revisions negative). I don't know, I can't see a good trade today, maybe I just should rest. My bias is very bearish on GBP and stocks, but GBP can be lifted by the Truss press conference (you never know how the market reacts and what exactly is priced in), and stocks can rally similar to tomorrow -- bear market rallies are known for their strength. Maybe I will sell the fact if GBP reacts very positively to Truss announcement.
In the end, shorted Nasdaq 10 minutes after the open on the classical down-up-more down move on the 5 minutes chart, took quick 110 points. Could take twice as much if I waited a bit longer (and by the end of the day it can be 8 times as much), but with current market volatility, I don't like to wait too long (and it is good money anyway).

My bearish bias is very much intact, GU below 1.1 and Nasdaq below 10,500 by the end of the day won't surprise me a bit. If however bulls can wrestle it back, I will congratulate them and short more.
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