Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#699,401
Oct 21, 2022 8:58am Oct 21, 2022 8:58am

Elysion
Joined Sep 2022 | Status: Trader | 2,296 Posts

Anyone wanna explain what's going on with this Lady?
> 60k volume in an hour.
Algo tradings?
Holyshit.
The movements are rapid. I even got stopped out partially within 5s.
If only I can view charts in seconds.

Exhausted

#699,402
Oct 21, 2022 8:58am Oct 21, 2022 8:58am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Next shorting area could be 11320/50

COT: The precious data ignored

#699,403
Oct 21, 2022 8:58am Oct 21, 2022 8:58am

Zairul
| Joined Feb 2022 | Status: Trader | 340 Posts

thisi is what I see on UJ.. hahaha

.. damn so volitile.. need to go m5 just to see what happened... so what do u guys think...

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#699,404
Oct 21, 2022 8:59am Oct 21, 2022 8:59am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

scalping

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POSTMASTER

#699,405
Oct 21, 2022 8:59am Oct 21, 2022 8:59am

springthorpe
| Joined Sep 2022 | Status: Trader | 1 Post

Quoting kuroro001

Disliked

{quote} 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

Ignored

So we were supposed to know they would come out with this and had positions ready??

#699,406
Oct 21, 2022 8:59am Oct 21, 2022 8:59am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Third sell added at 1.1290... great bull recovery...

Data + Stat + Risk/Emotions Management

#699,407
Oct 21, 2022 9:00am Oct 21, 2022 9:00am

Elysion
Joined Sep 2022 | Status: Trader | 2,296 Posts

Ah, after reading the previous posts and checked UJ.
Yep, make sense. Intervention.

Exhausted

#699,408
Oct 21, 2022 9:01am Oct 21, 2022 9:01am

Whale
Joined Jun 2013 | Status: Trader | 14,554 Posts

I will buy any pullback of GU.

#699,409
Oct 21, 2022 9:01am Oct 21, 2022 9:01am

MrFanciful
Joined Mar 2021 | Status: Trader | 2,976 Posts

Quoting Elysion

Disliked

Anyone wanna explain what's going on with this Lady? > 60k volume in an hour. Algo tradings? Holyshit. The movements are rapid. I even got stopped out partially within 5s. If only I can view charts in seconds.

Ignored

My guess in BoJ has intervened. Just a guess.