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Cable Update (GBPUSD)

  • #699,301
  • Oct 21, 2022 8:33am Oct 21, 2022 8:33am
GBPUSD H1 Short..
SL Hit..
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  • #699,302
  • Oct 21, 2022 8:34am Oct 21, 2022 8:34am
Quoting Georginson
{quote} 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.
The spike is because FED said they could lower the pace of hike in december (maybe 0.25). Which mean they could start to pause (aka pivot)

Market loves the drug
COT: The precious data ignored
  • #699,303
  • Oct 21, 2022 8:37am Oct 21, 2022 8:37am
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yes yes yes
  • #699,304
  • Oct 21, 2022 8:39am Oct 21, 2022 8:39am
In case, you didn't sell earlier, do not be deceived by this bounce. Like I always say, they will still sell it down till the end of day. Short it here and be at peace. Please put a SL just in case.

I went short here again at 1164. TP around the low at 1050. I love Fridays and Mondays.
  • #699,305
  • Oct 21, 2022 8:44am Oct 21, 2022 8:44am
Quoting BeeTogether
{quote} 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.
Yes its tricky I agree Bt, especially with the prior long candle wick. Anyway, I will have to trust my system on this. I was hoping for a slower progression down and consolidation around 1.11000 to get back into buy trades. A break and hold above 1.11775 ish could send the pair rocketing upwards, however I am starting to lean lower towards 1.10000. We shall see.
Cheers.
Trade to trade another day
  • #699,306
  • Oct 21, 2022 8:46am Oct 21, 2022 8:46am
hahaha... just sell... dont worry I dont bite much... it's scalping after all
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  • #699,307
  • Oct 21, 2022 8:47am Oct 21, 2022 8:47am
Last trade for this week.

LONG! SL 1.1038
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #699,308
  • Oct 21, 2022 8:51am Oct 21, 2022 8:51am
If Hourly closes below 1.115, I'll enter short.
  • #699,309
  • Oct 21, 2022 8:52am Oct 21, 2022 8:52am
Quoting Yngwie
Last trade for this week. LONG! SL 1.1038 {image}
yep , some big guys bought the GBP ,which gave us the doji...sellers = buyers situation
Blank and Empty
  • #699,310
  • Oct 21, 2022 8:53am Oct 21, 2022 8:53am
Yellow area could offer good selling if it goes there
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COT: The precious data ignored
  • #699,311
  • Oct 21, 2022 9:01am Oct 21, 2022 9:01am
No no no..not looking for sellers..
However, last attempt to sell.
Went short..
It'll either bounce down from here and vanish into the darkness or not..
1.11837
SL 1.12085

Hourly..
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  • #699,312
  • Oct 21, 2022 9:01am Oct 21, 2022 9:01am
Does anyone on this thread use oanda to trade with? I'm thinking of maybe changing or adding a new broker & I've been thinking of Oanda. Any comments, anyone?
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #699,313
  • Oct 21, 2022 9:04am Oct 21, 2022 9:04am
Quoting stjoeforex
Does anyone on this thread use oanda to trade with? I'm thinking of maybe changing or adding a new broker & I've been thinking of Oanda. Any comments, anyone?
Honest transparent MM , oldest in the field ,,,just my opinion , not a promotion..havent used oanda, but i came to know while researching about brokers 2 years ago
Blank and Empty
  • #699,314
  • Oct 21, 2022 9:06am Oct 21, 2022 9:06am
H4..

SL Hit..Enough.. there is NO SELL today.
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  • #699,315
  • Oct 21, 2022 9:06am Oct 21, 2022 9:06am
Quoting Bella.al
{quote} Current Rate : 1.10736 I am +246 Pips as i write this ,very close to my Take Profit : 1.09570 . waiting patiently -Bella's Trend Cycles. {image}
Current Rate : 1.11784

my running p/l is now +135 . lot of support there, i have seen this happening in historical data as well.

anyhow, i will keep this running until my trailing stop is hit at 1.12436

-Bella's Trend Cycle.
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Goddess of Thunder..
  • #699,316
  • Oct 21, 2022 9:08am Oct 21, 2022 9:08am
Quoting stjoeforex
Does anyone on this thread use oanda to trade with? I'm thinking of maybe changing or adding a new broker & I've been thinking of Oanda. Any comments, anyone?
stjoeforex, an awesome broker. Even if you hit market order you will get what you see on the screen. They do not employ me. Just an honest assessment.
Always trade your own plan...I don't provide trading signals.
  • #699,317
  • Oct 21, 2022 9:08am Oct 21, 2022 9:08am
come on for 52 $
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yes yes yes
  • #699,318
  • Oct 21, 2022 9:08am Oct 21, 2022 9:08am
Why it's so bad for USD that speak? I'm new and trying to understand. Have some shorts going...
  • #699,319
  • Oct 21, 2022 9:10am Oct 21, 2022 9:10am
Quoting stjoeforex
Does anyone on this thread use oanda to trade with? I'm thinking of maybe changing or adding a new broker & I've been thinking of Oanda. Any comments, anyone?
Oanda is one of the best broker in the world. Haven't use it but I often hear people talking positively about this broker.
With courage, patience, and discipline, success is a matter of time.
  • #699,320
  • Oct 21, 2022 9:10am Oct 21, 2022 9:10am
Please I would like to ask why people are selling now, I just checked DXY ,it is around intraday pivot, and no sign of bounce, and equities are not selling too,
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