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Cable Update (GBPUSD)

  • #699,281
  • Oct 21, 2022 8:11am Oct 21, 2022 8:11am
and just 8 minutes after this post ......... UJ
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  • #699,282
  • Oct 21, 2022 8:14am Oct 21, 2022 8:14am
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yes yes yes
  • #699,283
  • Oct 21, 2022 8:15am Oct 21, 2022 8:15am
So why did GBPUSD Just Shoot Up 110 pips or so?
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #699,284
  • Oct 21, 2022 8:16am Oct 21, 2022 8:16am
bought the gbp...monday/weekend might be bullish ..
Blank and Empty
  • #699,285
  • Oct 21, 2022 8:18am Oct 21, 2022 8:18am
alright happy weekend folks

too risky touching anything now
  • #699,286
  • Oct 21, 2022 8:18am Oct 21, 2022 8:18am
Quoting Phil_GMT
So why did GBPUSD Just Shoot Up 110 pips or so?
No idea! Confused the hell out of me. Can’t complain as I made money on it lol.
Insane in the Brain..
  • #699,287
  • Oct 21, 2022 8:19am Oct 21, 2022 8:19am
Quoting Wavegarrick
{quote} Okie Dokie Folks, Strong support zone coming up at 1.11601 my weekly pivot and 1.11500. Should this level fall 1.1100 and just below next strong support where we could see the next move up in line with my cycle. My kinda hedging. I have 8 sell trades and 7 buy trades going. Trade well, Cheers. {image}
Setting up for a sell trade from a 4 hr perspective.
Cheers.
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Trade to trade another day
  • #699,288
  • Oct 21, 2022 8:21am Oct 21, 2022 8:21am
Quoting Wavegarrick
{quote} Setting up for a sell trade from a 4 hr perspective. Cheers. {image}
yeah that doji !
Blank and Empty
  • #699,289
  • Oct 21, 2022 8:22am Oct 21, 2022 8:22am
Quoting Yngwie
{quote} I think 1080/1050
owhh 1050
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #699,290
  • Oct 21, 2022 8:24am Oct 21, 2022 8:24am
Quoting Wavegarrick
{quote} Setting up for a sell trade from a 4 hr perspective. Cheers. {image}
both those candles at the end look like a disaster waiting to happen.. I think the move down will happen but it needs to be slower. The drop and rise we just saw makes it hard to trade either long or short.
Insane in the Brain..
  • #699,291
  • Oct 21, 2022 8:24am Oct 21, 2022 8:24am
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  • #699,292
  • Oct 21, 2022 8:25am Oct 21, 2022 8:25am
Short from 148.000 EUR/JPY
SL 150.000

Smaller Lot Size..
Weekly Chart..
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  • #699,293
  • Oct 21, 2022 8:25am Oct 21, 2022 8:25am
Wait for NY to open now
See if they want to follow the bounce or just sell it off for the week end
COT: The precious data ignored
  • #699,294
  • Oct 21, 2022 8:27am Oct 21, 2022 8:27am
Quoting kuroro001
Wait for NY to open now See if they want to follow the bounce or just sell it off for the week end
would like a drop at NYO making way for 11050
Insane in the Brain..
  • #699,295
  • Oct 21, 2022 8:27am Oct 21, 2022 8:27am
Quoting Phil_GMT
So why did GBPUSD Just Shoot Up 110 pips or so?
Gas, maybe... And not the oil kind... light a candle and see what happens...
https://static.tvtropes.org/pmwiki/p...pinny_4118.jpg
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #699,296
  • Oct 21, 2022 8:28am Oct 21, 2022 8:28am
SL hit. Back to drawing board
Insane in the Brain..
  • #699,297
  • Oct 21, 2022 8:30am Oct 21, 2022 8:30am
Quoting BeeTogether
{quote} would like a drop at NYO making way for 11050
11060/80 pretty strong support, but 11173/78 resistance

Thing is daily is still downtrend, so i guess selling rallies is the way to go anyway

I just don't like where are US equities (they could bounce), and seeing USDJPY that high with potential intervention looming could trigger a risk on

Its tricky
COT: The precious data ignored
  • #699,298
  • Oct 21, 2022 8:30am Oct 21, 2022 8:30am
Quoting Wavegarrick
{quote} Setting up for a sell trade from a 4 hr perspective. Cheers. {image}
The Fed has announced another 0.75 basis point rate increment again for November. This spike is buy the rumor, sell the fact in order to correct the short term oversold conditions. This bounce may extend to 1.1220 area before further fall resumption to 1.1000.

I will be adding more sell trades all the way to 1.12 if it gets there.
Data + Stat + Risk/Emotions Management
  • #699,299
  • Oct 21, 2022 8:33am Oct 21, 2022 8:33am
Taken a short at 11145
Insane in the Brain..
  • #699,300
  • Oct 21, 2022 8:33am Oct 21, 2022 8:33am
Quoting Phil_GMT
So why did GBPUSD Just Shoot Up 110 pips or so?
Many divergences:
1) That bottom was at the monthly pivot point and the reaction was expected.
2) 161.8% fib from yesterdays swing high
3) Supply area based on market profile indi (you can get this on tradingview.com)

Note that the price will dance between WPP and MPP for the day.
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Lost....
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