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Cable Update (GBPUSD)

  • #697,041
  • Oct 16, 2022 10:25pm Oct 16, 2022 10:25pm
Quoting PatienceFx
why did cable do this ? it killed my long then went up {image}
Maybe it doesn't like you!
  • #697,042
  • Oct 16, 2022 10:26pm Oct 16, 2022 10:26pm
got it
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  • #697,043
  • Oct 16, 2022 10:28pm Oct 16, 2022 10:28pm
In my opinion only, bullish movement all week
1.16 minimum target

i know I singing this song for few days.. little bearish distraction won’t change my mind.
structure is structure
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  • #697,044
  • Oct 16, 2022 10:31pm Oct 16, 2022 10:31pm
Ah...wasn't quick enough to catch this trade. Thought it would range until Frankfurt at least..

However.. (perfect example)

Entered long, TP at 1.12741
SL below R
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  • #697,045
  • Oct 16, 2022 10:40pm Oct 16, 2022 10:40pm
Quoting Whale
In my opinion only, bullish movement all week 1.16 minimum target {image}


Thanks Whale for the heads up....

However from my Newbie view we have....
1) UK CPI coming on Wed.
2) The 1922 Committee are meeting tomorrow for the first time since Parliament returned from recess.
(The Exec of the 1922 Committee -led by its officers
- can of course change the rules of leadership balloting and no confidence voting by a simple majority.)

3) Three Tory MPs have already publicly declared no confidence in the PM.
(Interesting, wonder if Liz will be out by the end of the week. Thoughts?)

4) Jeremy Hunt is De factor Prime Minister from today.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,046
  • Oct 16, 2022 10:41pm Oct 16, 2022 10:41pm
Quoting TheWolf
Ah...wasn't quick enough to catch this trade. Thought it would range until Frankfurt at least.. However.. (perfect example) Entered long, TP at 1.12741 SL below R {image}
Yes, long day.

Will look for right entry.
Intraday only.
  • #697,047
  • Edited 10:57pm Oct 16, 2022 10:45pm | Edited 10:57pm
Quoting TheWolf
Ah...wasn't quick enough to catch this trade. Thought it would range until Frankfurt at least.. However.. (perfect example) Entered long, TP at 1.12741 SL below R {image}
Trade I took.
Deep blue line is entry.

TP-ed manually at 1.12703! 0.7% of profit!
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  • #697,048
  • Oct 16, 2022 10:54pm Oct 16, 2022 10:54pm
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POSTMASTER
  • #697,049
  • Oct 16, 2022 10:56pm Oct 16, 2022 10:56pm
Attached Image (click to enlarge)
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Hourly chart, little better to see where R and S is..
  • #697,050
  • Oct 16, 2022 10:56pm Oct 16, 2022 10:56pm
Quoting Pat Chiko
{quote} GU add position{image} Good luck and trade safely. Stay dry until Wed. {image}
GU

Fast scalping begin.
IN/OUT using the same margin until LO.

Short period of time to make quick money, beside holding medium term scalping position
Move SL along the way.

IN/OUT. - cashed out some.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,051
  • Oct 16, 2022 10:56pm Oct 16, 2022 10:56pm
note for myself - never keep a tight stop

https://www.forexfactory.com/thread/...4#post14182484

i had a plan but the tight stop killed it
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  • #697,052
  • Oct 16, 2022 10:58pm Oct 16, 2022 10:58pm
You went short friday afternoon Algo and got fuc**d up, go long now
POSTMASTER
  • #697,053
  • Oct 16, 2022 11:00pm Oct 16, 2022 11:00pm
Quoting PatienceFx
note for myself - never keep a tight stop https://www.forexfactory.com/thread/...4#post14182484 i had a plan but the tight stop killed it {image}
When you come up with that ideal stop strategy, please share it!
  • #697,054
  • Oct 16, 2022 11:00pm Oct 16, 2022 11:00pm
Quoting Pat Chiko
{quote} Thanks Whale for the heads up.... However from my Newbie view we have.... 1) UK CPI coming on Wed. 2) The 1922 Committee are meeting tomorrow for the first time since Parliament returned from recess. (The Exec of the 1922 Committee -led by its officers - can of course change the rules of leadership balloting and no confidence voting by a simple majority.) 3) Three Tory MPs have already publicly declared no confidence in the PM. (Interesting, wonder if Liz will be out by the end of the week. Thoughts?) 4) Jeremy Hunt is De factor...
Hi Pat,
First of all, i wish you good week.
Second, i dont really rely on major economic event/news for some reasons, the main reason is that I don't know how to read the data behind the news

so i stick to the numbers i assume i can read, the chart.
Multiple time frames analysis daily-4h-1h-15 most of the time will save me.
  • #697,055
  • Oct 16, 2022 11:01pm Oct 16, 2022 11:01pm
Quoting TheWolf
{quote} Trade I took. Deep blue line is entry. TP-ed manually at 1.12703! 0.7% of profit! {image}
Should have waited for the whole momentum to catch up..
Well, profit is here so, I'm fine!

Okey, see you all on NYO!

I can buy coffee now...



Added short orders on USD/JPY just in case intervention comes while I'm not at home.. 148, 147.5 etc..
  • #697,056
  • Oct 16, 2022 11:06pm Oct 16, 2022 11:06pm
Quoting Wavegarrick
{quote} First 4hr candle rejection and now 2nd candle rejection and up and up she goes. Trade well Folks {image}
Another week upon us Folks,
My buy cycle so far holding up. I closed some buy trades with nice profits this morning, the rest are all locked in and price must do what is has to.
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To dispel some myths that were created about my poor trading. Well, here are my quarterly results on GBPUSD from the 1st of October to current. I do take losses and I do have bad days. Part of trading.
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Have a great week Folks.
Cheers
Trade to trade another day
  • #697,057
  • Oct 16, 2022 11:07pm Oct 16, 2022 11:07pm
Quoting Whale
{quote} Hi Pat, First of all, i wish you good week. Second, i dont really rely on major economic event/news for some reasons, the main reason is that I don't know how to read the data behind the news so i stick to the numbers i assume i can read, the chart. Multiple time frames analysis daily-4h-1h-15 most of the time will save me.
Most of what Pat pointed out was speculation not news. This is some kind of major irrational exuberance going on! Wish I had been on the rocket. Might try a small position on a pull back like the one happening but I believe it is pretty risky!
  • #697,058
  • Oct 16, 2022 11:12pm Oct 16, 2022 11:12pm
Algo will try to lock my price on Gold.
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POSTMASTER
  • #697,059
  • Oct 16, 2022 11:16pm Oct 16, 2022 11:16pm
Quoting Pat Chiko
{quote} GU Fast scalping begin. IN/OUT using the same margin until LO. Short period of time to make quick money, beside holding medium term scalping position Move SL along the way. IN/OUT. - cashed out some.{image}

GU

IN again, will be out shortly
Fast Scalp until market belled or finger sprain.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,060
  • Oct 16, 2022 11:18pm Oct 16, 2022 11:18pm
Parcially clised of my sell....take loss now and regain profit later as gu is going to fly today alot happening as chancellor will speak on him tax cuts and prime minister treading water....
average dude treading water
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