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Cable Update (GBPUSD)

  • #698,681
  • Oct 20, 2022 8:19am Oct 20, 2022 8:19am
Seems to be supporting at 11260 area. If it drops from here is will start looking at 112000
Insane in the Brain..
  • #698,682
  • Oct 20, 2022 8:19am Oct 20, 2022 8:19am
Quoting fxsport
QUESTION: Can someone please explain (or attempt) to me what this entire Gilt situation is? Isn't something supposed to happen tomorrow dealing with the BOE not buying anymore?
i have thought about it too, and my answer to myself was "watch the chart stupid ass, you are not economist, only technical analyst wannabe"
  • #698,683
  • Oct 20, 2022 8:21am Oct 20, 2022 8:21am
GU Analysis

The direction of GBPUSD is pointing downward but volume is UP..

We were suppose to sell below 1.12000 but the Algorithm ignore the sell as it does not align with the volume in the market.. This is referred to as DIVERGENCE

So we are going to wait for the Algorithm to conform with the volume in order to BUY...

Good luck
@BigNumbers
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #698,684
  • Oct 20, 2022 8:21am Oct 20, 2022 8:21am
Come on Bullss.. you can do it
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #698,685
  • Oct 20, 2022 8:22am Oct 20, 2022 8:22am
Quoting BigNumbers
EURUSD BUY ORDER Price will return to 0.97900 BUY at this point sl is 25 pips Take profit is 103 pips 0.98900 I see the move even before it forms... Good luck @BigNumbers {image}

Don't miss this trade please
My telegram: https://t.me/avidforex
  • #698,686
  • Oct 20, 2022 8:24am Oct 20, 2022 8:24am
The calm before the storm... Market is trying to digest this news... Brace yourself for upcoming wild moves... Ensure stops are in place.
Data + Stat + Risk/Emotions Management
  • #698,687
  • Oct 20, 2022 8:24am Oct 20, 2022 8:24am
Quoting Phil_GMT
{quote} I guess you are Bullish.
Having filled the gap also

Attached Image (click to enlarge)
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POSTMASTER
  • #698,688
  • Oct 20, 2022 8:26am Oct 20, 2022 8:26am
H4 candle left no wick.. maybe it doesn't matter.
1.1280 should be buy, 1.1250 should be sell.
  • #698,689
  • Oct 20, 2022 8:26am Oct 20, 2022 8:26am
Quoting Georginson
The calm before the storm... Market is trying to digest this news... Brace yourself for upcoming wild moves... Ensure stops are in place.
true say, when it drops it will go hard. I’m not sure the up swing will be as hard. I could be wrong
Insane in the Brain..
  • #698,690
  • Oct 20, 2022 8:26am Oct 20, 2022 8:26am
Quoting BigNumbers
GU Analysis The direction of GBPUSD is pointing downward but volume is UP.. We were suppose to sell below 1.12000 but the Algorithm ignore the sell as it does not align with the volume in the market.. This is referred to as DIVERGENCE So we are going to wait for the Algorithm to conform with the volume in order to BUY... Good luck @BigNumbers {image}
Nice one Subscribed

Yes I am Long, will cut it, will add-in, if needed.

Nervous, (because otherwise, I'm either going to miss out on a crash)
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #698,691
  • Oct 20, 2022 8:31am Oct 20, 2022 8:31am
Quoting BeeTogether
{quote} true say, when it drops it will go hard. I’m not sure the up swing will be as hard. I could be wrong
Buying UK political instability....is very risky
COT: The precious data ignored
  • #698,692
  • Oct 20, 2022 8:33am Oct 20, 2022 8:33am
Quoting WizardTrade
{quote} Nice Wick up there {image}
Two wicks outside the channel suggest bearish pressure is not yet gone.
Attached Image (click to enlarge)
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WARNING: This post warps space and time in its vicinity.
  • #698,693
  • Oct 20, 2022 8:37am Oct 20, 2022 8:37am
Its a battle between 1.1144 and 1.1380... today

Above 1.1270 points at 1.1380
Below 1.1250 point at 1.1144

1.1144 versus 1.1380 today
Data + Stat + Risk/Emotions Management
  • #698,694
  • Oct 20, 2022 8:39am Oct 20, 2022 8:39am
come on already
miss trash is out !!!!
Attached Image (click to enlarge)
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yes yes yes
  • #698,695
  • Oct 20, 2022 8:44am Oct 20, 2022 8:44am
Okey, we have a wick now. Let the show begin.
  • #698,696
  • Oct 20, 2022 8:45am Oct 20, 2022 8:45am
Quoting Georginson
Its a battle between 1.1144 and 1.1380... today Above 1.1270 points at 1.1380 Below 1.1250 point at 1.1144 1.1144 versus 1.1380 today

im team short lol
Insane in the Brain..
  • #698,697
  • Oct 20, 2022 8:46am Oct 20, 2022 8:46am
Quoting Georginson
Its a battle between 1.1144 and 1.1380... today Above 1.1270 points at 1.1380 Below 1.1250 point at 1.1144 1.1144 versus 1.1380 today
The volume and adx are very low! Sign of potential whale hunting!
  • #698,698
  • Oct 20, 2022 8:50am Oct 20, 2022 8:50am
Quoting BeeTogether
{quote} im team short lol
I have sold at 1.1260, very tight stop of 1.1275, target is 1.1160...
Data + Stat + Risk/Emotions Management
  • #698,699
  • Oct 20, 2022 8:52am Oct 20, 2022 8:52am
Quoting Whale
{quote} i have thought about it too, and my answer to myself was "watch the chart stupid ass, you are not economist, only technical analyst wannabe"
Touche. You're right but I "thought" it would be nice to understand the macroeconomic viewpoint - I like to confuse myself.
...because you never know - until you do!
  • #698,700
  • Oct 20, 2022 8:55am Oct 20, 2022 8:55am
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news will scuttle the buying that was taking place from 1117 . Will this be a pullback and the big boys buy into it . Let’s play it as we see it
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