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Cable Update (GBPUSD)

  • #697,181
  • Oct 17, 2022 6:38am Oct 17, 2022 6:38am
Quoting TheWolf
{quote} I'm also on team rocket. It would seem more natural to me if price continued up now.
I think the same. The only reason I see for down right now, is the gap is not filled. Price up to support chancellor seems logical, but market does not care about logic, or what Indiara thinks!!
I am neither brave nor stupid...I am just a part time trader
  • #697,182
  • Oct 17, 2022 6:40am Oct 17, 2022 6:40am
Quoting WizardTrade
1.138xx next level to break. If smoked we may land at 1.166xx Evidence: {image}
Neckline formed on M5 TF. Possible break to the upside at news.

Evidence:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
WARNING: This post warps space and time in its vicinity.
  • #697,183
  • Oct 17, 2022 6:44am Oct 17, 2022 6:44am
Quoting Pat Chiko
{quote} There’s been a coup - Jeremy Hunt is now running the country. MPs didn’t want him. Tory members didn’t want him. The public certainly didn’t want him. Oh... but the establishment did. Give a boost to GBP until CPI on Wed. That where inlation number get J.Hunt to crack.......... Bye Liz, good news for GBP...{image}
What J.Hunt have done today.
Do the market like it ?. At whose expense. ?


“The light at the end of the economic tunnel has now been extinguished by this chancellor.
“Millions of hard-hit households who were desperate for an income tax cut are now facing many more months of financial misery.”

Price for the UK people/working class has to pay for market to like what J.Hunt is doing.
Brace people...

Liz will be out soon. Bring confidence to market.
Attached Image (click to enlarge)
Click to Enlarge Name: statement in Hunt.jpg Size: 90 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,184
  • Oct 17, 2022 6:51am Oct 17, 2022 6:51am
News in little more then half an hour. Don't expect anything until then for now. Not advisable to trade right now in my opinion.
  • #697,185
  • Oct 17, 2022 6:52am Oct 17, 2022 6:52am
Quoting BeeTogether
{quote} Yup let’s get that hammer wielding!
Thats depending on Truss will sit next to Hunt as he delivers this statement to the house later today?
How can she appear any more diminished.
Perhaps she just won't turn up.

If she appear, bring out that hammer.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,186
  • Oct 17, 2022 6:55am Oct 17, 2022 6:55am
Quoting TheWolf
News in little more then half an hour. Don't expect anything until then for now. Not advisable to trade right now in my opinion.
Is a good time to make coffee
I am neither brave nor stupid...I am just a part time trader
  • #697,187
  • Oct 17, 2022 6:56am Oct 17, 2022 6:56am
Quoting WizardTrade
{quote} Neckline formed on M5 TF. Possible break to the upside at news. Evidence: {image}
About to break

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
WARNING: This post warps space and time in its vicinity.
  • #697,188
  • Oct 17, 2022 6:58am Oct 17, 2022 6:58am
Quoting Indiara
{quote} Is a good time to make coffee
Indeed it is! Been drinking the whole time now haha

Drinking, watching price and enjoying. Made some profits in the morning so no pressure..
  • #697,189
  • Oct 17, 2022 7:00am Oct 17, 2022 7:00am
The Chancellor will then address MPs in a statement to the House of Commons later this at 3.30pm.

He will be announcing a rush forward measures that had been due to be announced on October 31 in what is known as the medium-term fiscal plan.

Watch out for another round of spike.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,190
  • Oct 17, 2022 7:01am Oct 17, 2022 7:01am
Quoting TheWolf
{quote} Indeed it is! Been drinking the whole time now haha Drinking, watching price and enjoying. Made some profits in the morning so no pressure..

I am watching charts, drinking coffee and playing my guitar! No profits for me yet, but nice sounds and coffee is good too
I am neither brave nor stupid...I am just a part time trader
  • #697,191
  • Oct 17, 2022 7:02am Oct 17, 2022 7:02am
So after last nights SL debacle I’m £3! in the profit £338!recovered now let’s see where I can make enough for the day
Insane in the Brain..
  • #697,192
  • Oct 17, 2022 7:08am Oct 17, 2022 7:08am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 12 KB
  • #697,193
  • Oct 17, 2022 7:15am Oct 17, 2022 7:15am
Quoting PatienceFx
{image}
150 tp
  • #697,194
  • Oct 17, 2022 7:21am Oct 17, 2022 7:21am
Quoting Pat Chiko
The Chancellor will then address MPs in a statement to the House of Commons later this at 3.30pm. He will be announcing a rush forward measures that had been due to be announced on October 31 in what is known as the medium-term fiscal plan. Watch out for another round of spike.
I think the lettuce won......
Inserted Video
Lost....
  • #697,195
  • Oct 17, 2022 7:22am Oct 17, 2022 7:22am
Next station: 1.1811
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot-17-10-22.png Size: 22 KB
Toohok your indicators, useless!
  • #697,196
  • Oct 17, 2022 7:23am Oct 17, 2022 7:23am
Quoting WizardTrade
{quote} About to break {image}
Broken. Next target 1.138xx then 1.166xx
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
WARNING: This post warps space and time in its vicinity.
  • #697,197
  • Oct 17, 2022 7:27am Oct 17, 2022 7:27am
Quoting WizardTrade
{quote} Broken. Next target 1.138xx then 1.166xx {image}
I have reduced TP to 1.1373 because I need to sleep soon so I don't want to go for the home run now. If I can get into profit with my SL in profit, then I will sleep nice! If this is not possible and I have to close with small loss, I will do it!
I am neither brave nor stupid...I am just a part time trader
  • #697,198
  • Oct 17, 2022 7:31am Oct 17, 2022 7:31am
Quoting Indiara
{quote} I have reduced TP to 1.1373 because I need to sleep soon so I don't want to go for the home run now. If I can get into profit with my SL in profit, then I will sleep nice! If this is not possible and I have to close with small loss, I will do it!
Good. I will let my profits run till I hit my TP
WARNING: This post warps space and time in its vicinity.
  • #697,199
  • Oct 17, 2022 7:31am Oct 17, 2022 7:31am
Quoting PatienceFx
{quote} 150 tp
150pips TP long from now. That's wild bro.
It will be a bumpy road to that TP, more likely a compression setup, then intervention boom 350pips down.
Good luck
More time in the market, does not mean you trade better!
  • #697,200
  • Edited 7:43am Oct 17, 2022 7:32am | Edited 7:43am
short GU at 1.13132 - 6 pip SL

Update: SL HIT
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
"Exchange of hands"
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