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Cable Update (GBPUSD)

  • #697,901
  • Oct 18, 2022 11:03pm Oct 18, 2022 11:03pm
What’s going on? Data was 10.1 ?
Insane in the Brain..
  • #697,902
  • Oct 18, 2022 11:03pm Oct 18, 2022 11:03pm
Quoting WizardTrade
{quote} Stop hunt underway
I expect the candle to close above this area after hunting the stops
Attached Image (click to enlarge)
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WARNING: This post warps space and time in its vicinity.
  • #697,903
  • Oct 18, 2022 11:04pm Oct 18, 2022 11:04pm
Surprisingly the EU has been more active than the GU, or at least right up until this spike!
  • #697,904
  • Oct 18, 2022 11:04pm Oct 18, 2022 11:04pm
t 07-01 UK time.
Hi all.
My bias right now based on the 00-00 to 04-00 candle range is short.
High being 11358 and the short being =11328. l
the low has already been broken.

I am waiting to trade off the 07-45 to 08-00 15 minute candle and then the 08-00 to -08-15 candle. for a quick scalp.
Trade well all.
t 07-04
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,905
  • Oct 18, 2022 11:05pm Oct 18, 2022 11:05pm
Quoting BeeTogether
What’s going on? Data was 10.1 ?
Basically the markets have ganged up on the UK since Truss took office
  • #697,906
  • Oct 18, 2022 11:06pm Oct 18, 2022 11:06pm
Quoting Pat Chiko
{quote} GU Copy Wizard's trade. 1st trade warm up - LONG Scalp{image}
UK CPI 10.1

Not goood for UK.
Reverse trade ( Wavekskie Trading style)
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,907
  • Oct 18, 2022 11:06pm Oct 18, 2022 11:06pm
Stop hunting on GU atm?
--- only constant in this world is change ---
  • #697,908
  • Oct 18, 2022 11:07pm Oct 18, 2022 11:07pm
Quoting MrFanciful
{quote} Basically the markets have ganged up on the UK since Truss took office
Truss was not meant to be PM same as the sacked chancellor, they didnt fit with the old establishment nor the rest of the world club.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,909
  • Oct 18, 2022 11:08pm Oct 18, 2022 11:08pm
Quoting malik_razi
Stop hunting on GU atm?
Most probably. Let's see how hourly candle closes. If it closes above my trendline then it is really a stop hunt do your own due diligence. This is not an advice.
WARNING: This post warps space and time in its vicinity.
  • #697,910
  • Oct 18, 2022 11:08pm Oct 18, 2022 11:08pm
Quoting Pat Chiko
{quote} UK CPI 10.1 Not goood for UK. Reverse trade ( Wavekskie Trading style){image}
That was quick, my long stopped out.
My view for today since this morning was Higher CPi => Higher Rate => deeper the recession. Thus, BAd for GBP
More time in the market, does not mean you trade better!
  • #697,911
  • Oct 18, 2022 11:08pm Oct 18, 2022 11:08pm
Well, system got it right this time. It doesn't work in range, that's why I lost money yesterday. I failed to recognize damn range..

Range is the only bane of the system.


Now, let's see if this is SL hunt or not.
News were good, so it's weird it went down.
Perhaps inflation doesn't matter anymore..maybe now, it's all about how bad it is overall.
Attached Image (click to enlarge)
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  • #697,912
  • Oct 18, 2022 11:09pm Oct 18, 2022 11:09pm
Quoting MrFanciful
US CPI higher than expected: Dollar goes up. UK CPI higher than expected GBP goes down.
In the US, the Fed has said to fight inflation it will raise interest rates.
In the UK, the gov't is saying it will give people a break due to high energy costs with moderate interest rate increases.
  • #697,913
  • Oct 18, 2022 11:09pm Oct 18, 2022 11:09pm
Quoting Bella.al
{quote} Current Rate : 1.13335 As 1.14319 was unable to take out by Bulls yesterday . This could start a new down-trend as per "Bella's Trend Cycles". waiting patiently to see today's trading activity. Open Position (1) {image}
Current Rate : 1.12963

I am +47 Pips as i write this , waiting patiently for my Take Profit to hit 1.12177.
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #697,914
  • Oct 18, 2022 11:10pm Oct 18, 2022 11:10pm
Quoting TheWolf
Well, system got it right this time. It doesn't work in range, that's why I lost money yesterday. I failed to recognize damn range.. Range is the only bane of the system. Now, let's see if this is SL hunt or not. News were good, so it's weird it went down. Perhaps inflation doesn't matter anymore..maybe now, it's all about how bad it is overall. {image}
The UK hasn't said it will increase rates to fight inflation the way that the US has said it.
  • #697,915
  • Oct 18, 2022 11:10pm Oct 18, 2022 11:10pm
Quoting RaHaG0D
The trend is still downward. Today's news will have a good effect. Although until today, every news that came, whether for the pound or the dollar, helped the upward trend & did not show the tendency of the price to fall below 1.1000 I have a short-term trade (1-1.5 R/R) to the downside to see what happens. I will open another sell trade at 1.1400. SL : 1.14500- TP : 1.11825 I will trade the scalp(My main daily trade) after the news. {image} {image} {image}
The Short-term trade is protected Let's see it hits the target or returns to the 1.13500 range again
There is nothing wrong with being kind & loving to each other
  • #697,916
  • Oct 18, 2022 11:10pm Oct 18, 2022 11:10pm
Close my short from yesterday break no loss no profit....gu will do a uturn and go up
average dude treading water
  • #697,917
  • Oct 18, 2022 11:10pm Oct 18, 2022 11:10pm
come on mister mf , fill that gap
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yes yes yes
  • #697,918
  • Oct 18, 2022 11:10pm Oct 18, 2022 11:10pm
Quoting billytt
{quote} Truss was not meant to be PM same as the sacked chancellor, they didnt fit with the old establishment nor the rest of the world club.
Exactly...Thats why there is a coup going on be the WEF attached MPs
  • #697,919
  • Oct 18, 2022 11:12pm Oct 18, 2022 11:12pm
Quoting Pat Chiko
{quote} UK CPI 10.1 Not goood for UK. Reverse trade ( Wavekskie Trading style){image}
GU

Bad data, price hardly react.
Closed all
Wait for next push.
This is very tricky....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 194.jpg Size: 176 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,920
  • Oct 18, 2022 11:12pm Oct 18, 2022 11:12pm
Quoting Bella.al
{quote} Current Rate : 1.12963 I am +47 Pips as i write this , waiting patiently for my Take Profit to hit 1.12177. {image}

Good call!
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