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Cable Update (GBPUSD)

  • #696,661
  • Oct 14, 2022 12:54pm Oct 14, 2022 12:54pm
possibilty for a cable run up before closing is 90%
POSTMASTER
  • #696,662
  • Oct 14, 2022 12:54pm Oct 14, 2022 12:54pm
Quoting Georginson
Last week's range was 440 pips (1.1495 - 1.1055) this week range so far is already 443 pips too as it stands (1.0923 - 1.1366)... So risk reward favours selling to at least 1.1260 area... My invalidation of 1.1260 will be 1.1500.
This week range eventually ended as 457 pips range, 17 pips higher than lasts week's range of 440 pips, this explains why price couldn't break 1.1380 today and resume downward move.

Next week is already giving more bearish clues as price may easily record 1.1280 as high and crash to 1.0850.

Next week projection.

Possible High 1.1280
Possible Low 1.0850

Let's see how this will play out.
Data + Stat + Risk/Emotions Management
  • #696,663
  • Oct 14, 2022 1:02pm Oct 14, 2022 1:02pm
Quoting LvMMT
{quote} https://www.youtube.com/watch?v=ttIl...1YEC6799Glv9zQ God bless everyone!
Inserted Video
POSTMASTER
  • #696,664
  • Oct 14, 2022 1:04pm Oct 14, 2022 1:04pm
Quoting Robinhood1
possibilty for a cable run up before closing is 90%
If not, monday there will be a new high
POSTMASTER
  • #696,665
  • Oct 14, 2022 1:12pm Oct 14, 2022 1:12pm
Quoting Robinhood1
{quote} If not, monday there will be a new high
Long

Visual pattern recognition
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POSTMASTER
  • #696,666
  • Oct 14, 2022 1:15pm Oct 14, 2022 1:15pm
Short
Visual pattern recognition

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POSTMASTER
  • #696,667
  • Oct 14, 2022 1:19pm Oct 14, 2022 1:19pm
Quoting Georginson
{quote} This week range eventually ended as 457 pips range, 17 pips higher than lasts week's range of 440 pips, this explains why price couldn't break 1.1380 today and resume downward move. Next week is already giving more bearish clues as price may easily record 1.1280 as high and crash to 1.0850. Next week projection. Possible High 1.1280 Possible Low 1.0850 Let's see how this will play out.
can you explain this
MY OPINION NOT FINANCIAL ADVISE
  • #696,668
  • Oct 14, 2022 1:21pm Oct 14, 2022 1:21pm
Gbpusd short tp 1.10800
  • #696,669
  • Oct 14, 2022 1:21pm Oct 14, 2022 1:21pm
Quoting PatienceFx
UJ
Oh my! Why the hell are we trading Cable?!
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  • #696,670
  • Oct 14, 2022 1:32pm Oct 14, 2022 1:32pm
Quoting Bella.al
{quote} After yesterday's good rally, things are currently not clear at my end . Pivot : 1.12550. I am standing aside till Monday. {image}
Current Rate : 1.11690.

I came back to check my charts and market has almost retraced 13.10.2022 Up-move and still not clear at my end . Monday or by Tuesday there should be something for me.

Have a nice Weekend.
Goddess of Thunder..
  • #696,671
  • Oct 14, 2022 1:33pm Oct 14, 2022 1:33pm
Quoting bilal1947
what a day {image}
Truly what an unusual scalp day .
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"Exchange of hands"
  • #696,672
  • Oct 14, 2022 1:34pm Oct 14, 2022 1:34pm
My today work.
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  • #696,673
  • Oct 14, 2022 1:37pm Oct 14, 2022 1:37pm
Gold long tp 1653
  • #696,674
  • Oct 14, 2022 1:39pm Oct 14, 2022 1:39pm
Quoting Robinhood1
{quote} If not, monday there will be a new high
New high on which time frame????
To free Gazans of Hamas, use whatever it takes.
  • #696,675
  • Oct 14, 2022 1:44pm Oct 14, 2022 1:44pm
Quoting DrDave
{quote} New high on which time frame????
Hi doctor. 1m
POSTMASTER
  • #696,676
  • Oct 14, 2022 1:44pm Oct 14, 2022 1:44pm
148.85...
Hope it goes to 150 and rounds it up. USD/JPY
  • #696,677
  • Oct 14, 2022 1:50pm Oct 14, 2022 1:50pm
Who wl|l be M.r November?
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"Exchange of hands"
  • #696,678
  • Oct 14, 2022 1:54pm Oct 14, 2022 1:54pm
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.
Posted this morning.
Was too pessimistic with 1.1, other than that I was correct. Made some good money, could have made 4 times more if I were patient. But cannot complain.
  • #696,679
  • Edited 2:18pm Oct 14, 2022 2:04pm | Edited 2:18pm
GU shorted at 1.11749 - 5 pip SL (3.6 to be precise)
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"Exchange of hands"
  • #696,680
  • Oct 14, 2022 2:05pm Oct 14, 2022 2:05pm
Quoting VM.
{quote} Posted this morning. Was too pessimistic with 1.1, other than that I was correct. Made some good money, could have made 4 times more if I were patient. But cannot complain.
If you made some good money then great. Today, this was ridiculous what they were doing with Cable.. how many lives does this Pound have?
Yen was so beat up today it's not even funny. When GBP/JPY dropped to around 165 I thought, great, so I actually started shorting at the top nice..then few hours later 167.. I stayed short until the second sell but then got out. It was obvious to me what was going on with Yen pairs so took the profit while I could and glad I did, 166 now..

We just wait for BoJ now to respond. Oh...when that starts..
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