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Cable Update (GBPUSD)

  • #696,581
  • Oct 14, 2022 9:53am Oct 14, 2022 9:53am
Quoting TheWolf
USD/JPY Short Order At 148. SL 148.40 TP Open I'll Actually Leave It Be Over The Weekend Also.
Interesting, it is at 148.4 on my chart, and was at 148 about an hour ago.
  • #696,582
  • Oct 14, 2022 9:53am Oct 14, 2022 9:53am
Quoting VM.
{quote} But why? Surely price action does not look bullish today, however you look at it?
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  • #696,583
  • Oct 14, 2022 9:54am Oct 14, 2022 9:54am
Quoting Houtbay
Gbpjpy short at 166.130
Nice battle mate
POSTMASTER
  • #696,584
  • Oct 14, 2022 9:55am Oct 14, 2022 9:55am
Quoting VM.
{quote} Interesting, it is at 148.4 on my chart, and was at 148 about an hour ago.
I put short order 10 minutes before. Sell Stop*
Didn't enter short at 148 but put sell stop at 148.
  • #696,585
  • Oct 14, 2022 9:57am Oct 14, 2022 9:57am
Shorted GU at 1.1227 - 7 pip SL - and SL HIT
"Exchange of hands"
  • #696,586
  • Oct 14, 2022 9:59am Oct 14, 2022 9:59am
Last two days for me were bad trading days as I kept chasing myself and doubling up in the same direction which just happened to be the wrong direction. But they do say that to be a winner there has to be losers, but I wasnt playing that game. So from being over -£6k adrift I held my nerve in considering todays likely movement and at -£3k I've decided to hedge it, and as i type, I'm glad I did.
  • #696,587
  • Oct 14, 2022 9:59am Oct 14, 2022 9:59am
Quoting VM.
{quote} But why? Surely price action does not look bullish today, however you look at it?
VM,
maybe not bullish today but you may have a look at the whole thing
  • #696,588
  • Oct 14, 2022 10:00am Oct 14, 2022 10:00am
1368 EXT
  • #696,589
  • Oct 14, 2022 10:01am Oct 14, 2022 10:01am
Quoting PatienceFx
{quote} what is your source
Basically, I check the behavior of the market and watch liquidity closely; I mean very closely. Then I reason along side the execution of the market Algorithm which is the most difficult thing in trading i.e selling or buying without no signal or price actions but pure instincts and then the smart money and so on.
My telegram: https://t.me/avidforex
  • #696,590
  • Oct 14, 2022 10:02am Oct 14, 2022 10:02am
Btw,
Moty's rocket ...launched..
  • #696,591
  • Oct 14, 2022 10:02am Oct 14, 2022 10:02am
Quoting TheWolf
{quote} I put short order 10 minutes before. Sell Stop* Didn't enter short at 148 but put sell stop at 148.
Ah, ok.
  • #696,592
  • Oct 14, 2022 10:03am Oct 14, 2022 10:03am
Quoting bilal1947
{quote} 1.1156 is the Monthly Open so the hesitation, still a daily gap hoping to be filled, while doing the daily ADR. lol lowest entry has BE hit {image}
And it bounced exactly at that monthly open. Gave good 100 pips bounce. I still won't buy it.
  • #696,593
  • Oct 14, 2022 10:03am Oct 14, 2022 10:03am
Quoting Wavegarrick
{quote} Nice 4hr candle rejection with a close above my daily pivot at 1.12451. Buy trades are on for me with bullish confirmation signals. Cheers. {image}
First 4hr candle rejection and now 2nd candle rejection and up and up she goes.
Trade well Folks
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Trade to trade another day
  • #696,594
  • Oct 14, 2022 10:04am Oct 14, 2022 10:04am
Quoting BigNumbers
{quote} Go long on this pair now this pair will do 200 pips now but take 107 pips first. It is going to be buying for the rest of the month may net 1700 pips in longs before the month ends.

107 pips secured again.. My tp is way up.
Good luck to you all
My telegram: https://t.me/avidforex
  • #696,595
  • Oct 14, 2022 10:05am Oct 14, 2022 10:05am
Quoting MrFanciful
{quote} My target is 1.12960 with entry of 1.11684. That should be enough for everyone else to sell
Well f£&k me, look at that
  • #696,596
  • Oct 14, 2022 10:05am Oct 14, 2022 10:05am
Quoting Chris_35
Last two days for me were bad trading days as I kept chasing myself and doubling up in the same direction which just happened to be the wrong direction. But they do say that to be a winner there has to be losers, but I wasnt playing that game. So from being over -£6k adrift I held my nerve in considering todays likely movement and at -£3k I've decided to hedge it, and as i type, I'm glad I did.
Gives you chance to fight another day ...
  • #696,597
  • Oct 14, 2022 10:05am Oct 14, 2022 10:05am
Quoting BigNumbers
{quote} Basically, I check the behavior of the market and watch liquidity closely; I mean very closely. Then I reason along side the execution of the market Algorithm which is the most difficult thing in trading i.e selling or buying without no signal or price actions but pure instincts and then the smart money and so on.
your source about king charles
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  • #696,598
  • Oct 14, 2022 10:05am Oct 14, 2022 10:05am
Quoting Moty
The band is calling you mf {image}
Good boy
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yes yes yes
  • #696,599
  • Oct 14, 2022 10:07am Oct 14, 2022 10:07am
At the end of the day we should close at the lows or at least chugging at 1200.
  • #696,600
  • Oct 14, 2022 10:07am Oct 14, 2022 10:07am
Stops are below the monthly open if this gaps closed its bearish, else it can act as support to go bullish staying above the monthly open.

But fundamentally no matter how bad or good sales data come, inflation will level it all, and FED is focusing on inflation side, being hawkish intended to raise the interest rates which will further strengthen the dollar.
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"Exchange of hands"
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