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Cable Update (GBPUSD)

  • #697,061
  • Oct 17, 2022 1:22am Oct 17, 2022 1:22am
The announcement of a statement later today on the UK government's fiscal plans seems to be fuelling the move in GBP at the moment.

All trading carries risk, but more signals of a reversal in the fiscal policy plans may help GBP/USD reclaim 1.13 and potentially target a retest of resistance coming from last week's highs.
  • #697,062
  • Oct 17, 2022 1:26am Oct 17, 2022 1:26am
Hello friends

I got here late today but there is still lots of time to find a trade, so I hope there is something for us all
I am neither brave nor stupid...I am just a part time trader
  • #697,063
  • Oct 17, 2022 1:28am Oct 17, 2022 1:28am
Speculation..
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  • #697,064
  • Oct 17, 2022 1:34am Oct 17, 2022 1:34am
t 07-32 am UK time.
Hi all, i hope everyone has had a good weekend.

Same as last week and the week before.
I will trade Cable off the 07-45 to 08-00 candle (15 minute candle). looking for a lovely hit and run scalp.

Hopefully i will then repeat a scalp on the 08-00 to 08-15 candle, Bot trades will happen with the UK open.
Trade well all.
t 07-34
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,065
  • Oct 17, 2022 1:37am Oct 17, 2022 1:37am
I have another question.....I hope that you don't get sick of my questions!

Today, ForexLive reported "Bank of Japan Governor Kuroda says appropriate to continue monetary easing". So doesn't this easing that Kuroda San has been doing for a long time now, make the Yen weaker? Yet he doesn't want a weaker Yen. Why would he continue easing?

There must be an obvious answer, but I can't see it.
I am neither brave nor stupid...I am just a part time trader
  • #697,066
  • Oct 17, 2022 1:39am Oct 17, 2022 1:39am
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #697,067
  • Oct 17, 2022 1:46am Oct 17, 2022 1:46am
Quoting Indiara
I have another question.....I hope that you don't get sick of my questions! Today, ForexLive reported "Bank of Japan Governor Kuroda says appropriate to continue monetary easing". So doesn't this easing that Kuroda San has been doing for a long time now, make the Yen weaker? Yet he doesn't want a weaker Yen. Why would he continue easing? There must be an obvious answer, but I can't see it.
Speculation, how is this: It is politically incorrect to say that you want your currency weaker so at this point in time it is appropriate to continue monetary easing.
  • #697,068
  • Oct 17, 2022 1:48am Oct 17, 2022 1:48am
Quoting Robinhood1
There is an enigmatic power which is the true Mysterious Force of Synchronization which exists in everything within the universe from electronics, biology, all the way to planetary movement. This mysterious force is known to engineers and even the military. In 1831, there was a rather interesting collapse of the Broughton Suspension Bridge in Manchester, England. The bridge collapsed because of a mechanical resonance which was created by troops marching over the bridge in step. The constant rhythm of synchronization of the army walking in lock-step...
Billionaires use their Minds.
Millionaires use trading systems.
  • #697,069
  • Oct 17, 2022 1:52am Oct 17, 2022 1:52am
Quoting dantpm
{quote} Speculation, how is this: It is politically incorrect to say that you want your currency weaker so at this point in time it is appropriate to continue monetary easing.
I suppose it could be. It seems very strange, especially when he just spent a lot on money of intervention, that didn't achieve anything. It's confusing for my little brain!
I am neither brave nor stupid...I am just a part time trader
  • #697,070
  • Oct 17, 2022 1:54am Oct 17, 2022 1:54am
LO should give us an opening boost. As the day and week go on with more MPs calling for thick Liz to resign we could be on a much lower footing especially with a potential GE if things go badly wrong

gone long at 11255 TP around 11350 area SL will be b/e levels once /if we go 30 pips over
Insane in the Brain..
  • #697,071
  • Oct 17, 2022 1:55am Oct 17, 2022 1:55am
Moty, in the 1 min time frame the 50 sma crossed under the 200 sma and the candles are below both, doesn't this indicate it time to short this puppy?

The USDX is exactly the reverse.
  • #697,072
  • Oct 17, 2022 1:55am Oct 17, 2022 1:55am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #697,073
  • Oct 17, 2022 2:02am Oct 17, 2022 2:02am
Quoting Indiara
{quote} I suppose it could be. It seems very strange, especially when he just spent a lot on money of intervention, that didn't achieve anything. It's confusing for my little brain!
Attached Image (click to enlarge)
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  • #697,074
  • Oct 17, 2022 2:03am Oct 17, 2022 2:03am
Quoting Moty
{image} {image}
rocket coming
  • #697,075
  • Oct 17, 2022 2:04am Oct 17, 2022 2:04am
t 08-02 uk time.
The 07-45 to 08-00 candle, High broke for my % . i noticed that the spread had been increased but it didnt't catch me. lol

Hopefully trade again off the 08-00 to 08-15 candle. hopefully short. Which i prefer.
Trade well all.
t 08-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,076
  • Oct 17, 2022 2:08am Oct 17, 2022 2:08am
Quoting billytt
t 08-02 uk time. The 07-45 to 08-00 candle, High broke for my % . i noticed that the spread had been increased but it didnt't catch me. lol Hopefully trade again off the 08-00 to 08-15 candle. hopefully short. Which i prefer. Trade well all. t 08-04

me too looking for a decent short area hopefully once the dust has settled with the new chancellor etc. maybe 11350 area be a good place potentially giving us a 400 pip zone which was to 10950
Insane in the Brain..
  • #697,077
  • Oct 17, 2022 2:13am Oct 17, 2022 2:13am
Quoting BeeTogether
{quote} me too looking for a decent short area hopefully once the dust has settled with the new chancellor etc. maybe 11350 area be a good place potentially giving us a 400 pip zone which was to 10950
I have been using the 5 min and 1 min Stochastics to scalp 10 pip gains. Much prefer a 400 pip gain!
  • #697,078
  • Oct 17, 2022 2:15am Oct 17, 2022 2:15am
t 08-14
ideally break this low and drop to the 00-00 4 hour area high . i only need a % #
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,079
  • Oct 17, 2022 2:18am Oct 17, 2022 2:18am
I think that I am in love with the 10 sec chart for timing entries on scalp trades properly!
  • #697,080
  • Oct 17, 2022 2:24am Oct 17, 2022 2:24am
t 08-22 uk time.
Cable. the 08-00 to 08-15 candle. low broke for more than enough %%%.
i am finished until tomorrow.
trade well all.
t 08-24
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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