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Cable Update (GBPUSD)

  • #697,341
  • Oct 17, 2022 12:30pm Oct 17, 2022 12:30pm
Quoting BigNumbers
{quote} {image}

STUDY

In a game where the win rate is less than 5% then you should know you must think outside the circle ️ to succeed.

This is indeed a journey.
My telegram: https://t.me/avidforex
  • #697,342
  • Oct 17, 2022 12:30pm Oct 17, 2022 12:30pm
Quoting Robinhood1
Watch audjp´s drop. I am in a 60 pip drawdown. Its been lifted more than gold as it is not as a heavy instrument.
They'll all drop like flies. question is when..
I would say pretty soon.
  • #697,343
  • Oct 17, 2022 12:31pm Oct 17, 2022 12:31pm
Interesting video on "Open Interest"
More for day/swing trading but could be useful for heads up scalping maybe

( Click on "Watch on Youtube")

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #697,344
  • Edited 12:44pm Oct 17, 2022 12:32pm | Edited 12:44pm
Quoting mwaqar309
{quote} {image}
Oh...for NZD..

Honestly, I don't know what to expect for NZD pairs. I only trade GBP/USD at the moment, and have sell stops on USD/JPY.

Wait.. I'll try and see if I can share anything useful..

Well, first of all, their forecasts for this year have been pretty accurate I must say.

I can't help you right now unfortunately, not at home..


Well, forecast is 1.5%. Anything above forecasted number should be good for NZD, anything below should be bad for NZD.
Higher inflation = need for higher interest rates to combat the rising inflation.
Lower inflation = no need for even higher rates as the intended effect seem to took place. Meaning, lower demand.
  • #697,345
  • Oct 17, 2022 12:56pm Oct 17, 2022 12:56pm
Quoting Coreg2004
{quote} Whale, if the recent move is 5 waves down we should look first for the completion of corrective B wave (zig-zag). {image}
Thinking outside the circle to succeed...Still a possible scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10.17 4H.png Size: 49 KB
Always trade your own plan...I don't provide trading signals.
  • #697,346
  • Oct 17, 2022 1:02pm Oct 17, 2022 1:02pm
_________ hi ppl , makin sume Real $$$ 2day =
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.png Size: 60 KB
Don’t focus on making $$$, focus on protecting what you have.
  • #697,347
  • Oct 17, 2022 1:04pm Oct 17, 2022 1:04pm
i am looking gbpusd going down and in according to my opinion its strong
because recently i was following Gold and Gbpusd very closely
when gold move up exact after 30 seconds or 1 minute gbpusd start moving up side
when gold start moving down gbpusd did same thing
now gold already moved down very speedy and almost reached same place from where he started
so hope fully gbpusd going to do same

might be i am wrong but please do not take it too seriesly
  • #697,348
  • Oct 17, 2022 1:10pm Oct 17, 2022 1:10pm
Quoting DrDave
{quote} YIKES! You just claimed to being a shithead!!!
Doh!
Insane in the Brain..
  • #697,349
  • Oct 17, 2022 1:12pm Oct 17, 2022 1:12pm
Flash Services PMI revised from 49.2% to 50% (GBP)!
Advance GDP Q/Q revised from -0.9% to -0.6% (USD)!! Well... say it slowly and say it clearly.. R!!!!
  • #697,350
  • Oct 17, 2022 1:13pm Oct 17, 2022 1:13pm
Quoting BeeTogether
{quote} Doh!
LoL...

As the story goes..
We're all full of shit!

It's just that some people can smell it and understand, some don't..

  • #697,351
  • Oct 17, 2022 1:15pm Oct 17, 2022 1:15pm
Quoting mwaqar309
i am looking gbpusd going down and in according to my opinion its strong because recently i was following Gold and Gbpusd very closely when gold move up exact after 30 seconds or 1 minute gbpusd start moving up side when gold start moving down gbpusd did same thing now gold already moved down very speedy and almost reached same place from where he started so hope fully gbpusd going to do same might be i am wrong but please do not take it too seriesly
________ test this out m8 =
Attached Image (click to enlarge)
Click to Enlarge Name: gu6.png Size: 11 KB
Don’t focus on making $$$, focus on protecting what you have.
  • #697,352
  • Oct 17, 2022 1:17pm Oct 17, 2022 1:17pm
Quoting mwaqar309
i am looking gbpusd going down and in according to my opinion its strong because recently i was following Gold and Gbpusd very closely when gold move up exact after 30 seconds or 1 minute gbpusd start moving up side when gold start moving down gbpusd did same thing now gold already moved down very speedy and almost reached same place from where he started so hope fully gbpusd going to do same might be i am wrong but please do not take it too seriesly
As USD depreciattes (DXY, Dollar Index), everything against USD appreciates.
Except Yen!

  • #697,353
  • Oct 17, 2022 1:17pm Oct 17, 2022 1:17pm
Quoting profits7
{quote} ________ test this out m8 = {image}
dear for me it's little bit difficult to understand this all
  • #697,354
  • Oct 17, 2022 1:24pm Oct 17, 2022 1:24pm
means , gbpTRY IS DOIN THE SAME AS gbpUSD


Attached Image (click to enlarge)
Click to Enlarge Name: gu7.png Size: 2 KB
Don’t focus on making $$$, focus on protecting what you have.
  • #697,355
  • Oct 17, 2022 1:27pm Oct 17, 2022 1:27pm
According to FX analysts at Credit Suisse, the pair has reached a potential top: “Our ‘ideal’ roadmap would be for a test of trend channel, gap and psychological resistance at 149.31/150.00, but our base case remains to look for a potentially significant top here. “A break and sustained close above 153.00 would suggest it is too early to look for a top, exposing then resistance next at the 160.33 high of 1990.” - FXStreet

** 149 Breached Before Asian Session **
  • #697,356
  • Oct 17, 2022 1:39pm Oct 17, 2022 1:39pm
Pound Dollar Holding 2 longs see if we get to add through asia.

Just added a long to GBPJPY
  • #697,357
  • Oct 17, 2022 1:50pm Oct 17, 2022 1:50pm
Quoting profits7
means , gbpTRY IS DOIN THE SAME AS gbpUSD {image}
When you give GBPUSD as the reference and then 3 GBPXXX pairs that are positively correlated with GBPUSD, then what I see is simply 4 pairs of GBPXXX in which GBP is in control. So any two of those 4 pairs are going to be positively correlated because they all have GBP as the base currency.
To free Gazans of Hamas, use whatever it takes.
  • #697,358
  • Oct 17, 2022 1:54pm Oct 17, 2022 1:54pm
Quoting Trig
Pound Dollar Holding 2 longs see if we get to add through asia. Just added a long to GBPJPY
If H1 can get turned back up, then highly likely price will continue up more after H1 starts up. At the moment, the upswings have reached only to m15.

Also at the moment, I have an expectation for m8 to finish its upswing as a lower top, then make a down continuation.
To free Gazans of Hamas, use whatever it takes.
  • #697,359
  • Oct 17, 2022 2:01pm Oct 17, 2022 2:01pm
Quoting DrDave
{quote} If H1 can get turned back up, then highly likely price will continue up more after H1 starts up. At the moment, the upswings have reached only to m15.
Hey Doc your right - could range through asia break out later is that north or south lets see.
Personally i have no choice but to take each trade as it presents itself plus or minus thats fine with me its where we arrive at the end of the day as in tomorrow.
  • #697,360
  • Oct 17, 2022 2:07pm Oct 17, 2022 2:07pm
*UK PM Truss: - I Understand It Is Very Difficult for Families Across the Country - On Household Energy Bills: The Most Vulnerable Will Be Protected Into Next Winter, We’re Looking at Exactly How We Can Do That*

**UK PM Truss: - I Do Want to Accept Responsibility and Say Sorry for the Mistakes That Have Been Made - I Will Lead the Conservatives Into the Next General Election - I’m Sticking Around Because I Was Elected to Deliver for This Country**
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