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Cable Update (GBPUSD)

  • #698,861
  • Oct 20, 2022 1:32pm Oct 20, 2022 1:32pm
Bigger drop is expected friday
Intraday only.
  • #698,862
  • Edited 2:25pm Oct 20, 2022 1:33pm | Edited 2:25pm
Have just gone short at 1218 and will hold for the whole of Friday. Once I see what happens tonight I may even add on some more shorts. I think much lower prices are coming tomorrow.
  • #698,863
  • Oct 20, 2022 1:37pm Oct 20, 2022 1:37pm
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yes yes yes
  • #698,864
  • Oct 20, 2022 1:37pm Oct 20, 2022 1:37pm
Quoting Moty
{quote} it's not over yet {image}
My turn now
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POSTMASTER
  • #698,865
  • Oct 20, 2022 1:40pm Oct 20, 2022 1:40pm
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Long now , here. Risk is small

  • #698,866
  • Oct 20, 2022 1:49pm Oct 20, 2022 1:49pm
IMO, risk now is a risk on move (quick or not) with a possible BOJ intervention coupled with other CB

temporary i guess, but shorting here is too risky
COT: The precious data ignored
  • #698,867
  • Oct 20, 2022 1:49pm Oct 20, 2022 1:49pm
QM?
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  • #698,868
  • Oct 20, 2022 1:52pm Oct 20, 2022 1:52pm
Quoting Robinhood1
{quote} My turn now {image}
only for retrace
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yes yes yes
  • #698,869
  • Oct 20, 2022 2:03pm Oct 20, 2022 2:03pm
Quoting Robinhood1
{quote} My turn now {image}
my turn again
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yes yes yes
  • #698,870
  • Oct 20, 2022 2:04pm Oct 20, 2022 2:04pm
At this point, wouldn't be surprised if they turn the whole Lizz Truss fiasco into a reversal and GBP gains strength q4 into 2023
its just a script. join the club
  • #698,871
  • Oct 20, 2022 2:05pm Oct 20, 2022 2:05pm
Quoting Dzap
At this point, wouldn't be surprised if they turn the whole Lizz Truss fiasco into a reversal and GBP gains strength q4 into 2023
Short term bad, and long term good is what i think too

But who knows
COT: The precious data ignored
  • #698,872
  • Oct 20, 2022 2:05pm Oct 20, 2022 2:05pm
Quoting DmShka
QM? {image} {image}
I agree that with initial direction that the candles are suggesting, but why a reversal?
  • #698,873
  • Oct 20, 2022 2:07pm Oct 20, 2022 2:07pm
Quoting Moty
{quote} my turn again {image}

Thanks for your help, up 80 pips today!
  • #698,874
  • Oct 20, 2022 2:09pm Oct 20, 2022 2:09pm
Quoting JameRomeo168
{quote} Do you know in the past, the west used to be lead by Alexander The Great, Julius Caesar, Napoleon Bonaparte? Now the west is lead by the group of clown like Liz Truss, Joe Biden and Macron. Sooner you will see Western People will go ...

Haha.. I see that as a good thing though. May be it's just my contrarian view on the world. Allowing people like those as leaders will speed up the process, that people will see there's no need for external "leaders", and every human walking this earth is him/herself already a leader.

I always find, living in smaller, neutral countries where people don't know the name of your PM or President, had always offer the best quality of life and prosperity, because these countries don't stick their nose up other people's backside, so to speak. In this day and age, one can always move/immigrate from those big and inflexible big name countries, to smaller, greener pasteurs for better lives.
  • #698,875
  • Oct 20, 2022 2:10pm Oct 20, 2022 2:10pm
My last buy triggered

my target is ridiculous 1.20

gud risk reward applied
MY OPINION NOT FINANCIAL ADVISE
  • #698,876
  • Oct 20, 2022 2:11pm Oct 20, 2022 2:11pm
Quoting Robinhood1
{quote} My turn now {image}
Love that wishful thinking attitude...
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  • #698,877
  • Oct 20, 2022 2:12pm Oct 20, 2022 2:12pm
Well, after paitently waiting, I was able to make some profit after all! Also when it had started falling, I added another sell, making additional PnP (Pips & Profit)!
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #698,878
  • Oct 20, 2022 2:15pm Oct 20, 2022 2:15pm
Quoting Moty
{quote} my turn again {image}
dollar has weakened and Yen is the last to offer resistence. I expect a down turn any moment.
POSTMASTER
  • #698,879
  • Oct 20, 2022 2:18pm Oct 20, 2022 2:18pm
1.20 or 1.000


In this 4th Q it should happen

before 1.00 can happen price need to break 3rd Q low

my take is 1.20 as long as price stay above 1.10
MY OPINION NOT FINANCIAL ADVISE
  • #698,880
  • Oct 20, 2022 2:21pm Oct 20, 2022 2:21pm
Quoting dantpm
{quote} I agree that with initial direction that the candles are suggesting, but why a reversal?
Thinking about that idea...
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