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Cable Update (GBP/USD) without Idiots 23 replies

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Cable (GBPUSD) vs Euro (EURUSD) 26 replies

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Cable Update (GBPUSD)

Quoting Dawnsek
HI! Can someone, please, explain why BoJ news affect that much GU?
In FX market all pairs (with the exception of cross pairs) are pegged against USD, gbp/USD and USD/jpy and inversely related, a fall in one pair is a gain for other as USD is on the opposite side.
Quoting buffedmage
{quote} correction : its counter currency not base ...that was a wrongly type by me
Np, thanks!
Sorry about your loss.
Do you think they might still sell it down to the end of the day - but now from a higher price and new target?
I've been watching for a signal after your previous post.

[Edit] I hope that didn't come off as rude. I was curious to see if the price might fall before end of NY session.
Have a nice weekend!

Quoting Mitiblotch
{quote} My short SL was roasted at 1260. Lost $19 on that one! Arggghhhh.... thanks to BoJ.
Novice trader
Quoting Wavegarrick
{quote} I like your thought process DF, There will be obstacles in our way though. I think well, there may be a symmetrical triangle in progress which only is becoming apparent now. It is a consolidation but only in a bigger sphere. Could we see a return to 1.110000 ish. Whichever way, if my descending trend line is broken we should see a serious upswing. 1.13000 is important. I would like to see a weekly close above 1.13000. But will it come without stutters? My quarterly target definitely is 1.15000 and above for a X-mas run,...

Halo Sir.... how to show up this Rectangle?
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Should I be more greedy!?
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Quoting Georginson
{quote} Manually exited at 1.1227...+63 pips... Great day continues...
Top notch trading George.Keep it up.
Have a great weekend,
Leon
Trade to trade another day
Quoting paketbeyond
{quote} Halo Sir.... how to show up this Rectangle? {image}
That pic looks like a devious old man with glasses
Hi Paket.
Click insert
Click shapes
Click rectangle
Place it on the area you want it to be and left click and drag it to your desired setting
Cheers
Trade to trade another day
Quoting Wavegarrick
{quote} Top notch trading George.Keep it up. Have a great weekend, Leon
Thanks Leon
switched to long , daily floating profit start with 58 $ loss , went up to an 204 $ floating profit
and now i am with 115 $ loss
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Quoting JameRomeo168
Dear fellow traders, in next 5-10 years you all will earn at least 100K per month. But those 100K per months come from pain, tear and lession learned during those 5-10 years. Forex Market is not the place for you to make money. Forex Market is the place that build you to be best person that your life had ever seen. And Forex Market will provide an appropriate reward to you based on how much you have built yourself. Happy Trading to you all Happy Weekend Peace and Love {image}
Hi jameRomeo , 100k per month wow,
I guess i have a wishful thought of making a million, may be i am too naive to wish for that kind of epiphany, but i almost lost my physics degree for this sad yet true, i wanna play like how big boys play , and if they don't want that no one play at all, its not that i wanna astra project myself into their project but to crack their methodology wide open ,
I hear kids playing, some crying......
Far away i can also hear my neighbors radio playing ooh geez my mind sometimes forget that i even have a girlfriend, she texted a good night,,, painfully i didn't reply she is now thinking I am cheeting on her.....
Wait she doesn't even know that am starring on my screen right now ....
Wait she doesn't even know if i am Pinocchio on FF, i don't wanna see my nose growing longer , yes pseudo name of mine in FF is fictional one yet real ,
I mean i wanna make millions JR , not fictional one a real one i am sorry i will not agree with your 100k but it sounds cool........ Thanks for wishing us your fellow traders a nice weekend, ill take it with gratitude
I have to text my girlfriend and tell her how GBPUSD did it's things today,,,it's worthless i won't do that she know not a thing
Ooop she texted again......i don't wanna loose her I'll tell her how much she means a world to me and how much FX mean a millions
Have a nice weekend you all .........
Next week it's a big week Cad,Euro rate on the table we have a nice odds to make money.
Auf wiedersehen
Synchronicity Price frequency......
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next targets:
0.96
0.88
0.79
Quoting Moty
switched to long , daily floating profit start with 58 $ loss , went up to an 204 $ floating profit and now i am with 115 $ loss {image}
finished the day with 54 $ loss
again i let my emotions get over me
thinking i can predict reversal
just trade the system stupide
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Quoting crow
{image} next targets: 0.96 0.88 0.79
Below 1.1500 will be refreshing the low of 1.03 this year ... Only start buying when price breaks 1.1500 and makes 1.1000 as support.

✓Monday and Friday produced 232 and 239 pips.
This means recent daily ranges have gradually started reducing to average of 170 pips

✓This week produced 379 pips compared to last two weeks ranges being 457 and 440 pips.
This means weekly ranges too have started stabilizing with average of 400 pips...

This week's gap was successfully filled and even slid south by 117 pips...

The border remains 1.09 - 1.15, which is expected to end this October, as October ranges are usually between 400 - 650 pips... So far this October range stands at (1.0923 - 1.1495) 572 pips... So from this equation this current October high or low may only break by additional 80 pips which means price will be limited to 1.1560 - 1.0850...

A research excerpt with no obligation to follow...

George.
Bouncing away..
GBP/USD H4
-----------------------------------------------------------------------------------------
After over 200 pips retracement on USD/JPY, price has collapsed again to ~147.
Not letting go anymore, I guess or at least not that easily..

Advance GDP Q/Q Forecast 2.3% (USD)!

Update: H4 on EUR/USD will confirm buy, which means that Pound will also go up. I'm not about to miss this again! I hope..
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been an up and down day lol next box above but play as you see
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will it bounce of the ema ?
Quoting crow
{image} next targets: 0.96 0.88 0.79

Above 1.10 aand touch 1.15 in this Quarter us a sign of 1.20

below 1.10 and break of Q3 low is a sign of 1.00 and 0.9

looking at the time factor i am for 1.20
PLAN YOUR RISK & REWARD BEFORE INVEST
Moty, you have an amazing sense of direction and target!
The markets were wild today. I left the room for no more than 5 minutes and when I came back my stops were hit.
Monday is another day.

Quoting Moty
{quote} finished the day with 54 $ loss again i let my emotions get over me thinking i can predict reversal just trade the system stupide {image}
Novice trader
Quoting Georginson
{quote} Below 1.1500 will be refreshing the low of 1.03 this year ... Only start buying when price breaks 1.1500 and makes 1.1000 as support. ✓Monday and Friday produced 232 and 239 pips. This means recent daily ranges have gradually started reducing to average of 170 pips ✓This week produced 379 pips compared to last two weeks ranges being 457 and 440 pips. This means weekly ranges too have started stabilizing with average of 400 pips... This week's gap was successfully filled and even slid south by 117 pips... The border remains...


looking at the current high of Q4 is just 5 pips tp 1.15
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PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting donfriday
{quote} Above 1.10 aand touch 1.15 in this Quarter us a sign of 1.20 below 1.10 and break of Q3 low is a sign of 1.00 and 0.9 looking at the time factor i am for 1.20
With Fed "screwing up" today and the threat of another intervention by BoJ, 1.20 is more likely than 1.03 again. With how today action played out, I think M pattern is broken. The price will naturally continue in an uptrend with another leg to 1.17 (or 1.166 what Wiz thinks). Pound survived a lot of hits so far.. "short" term it might get to 1.20 yeah. In the long term, no currency out of this 8 will be stronger than USD. I think Advance GDP Q/Q is going to be important this next week and then ofc interest rates 2. and 3. of November. After that elections. If everything lines up, Pound is at 1.20 easily. Just my view on this..

Actually, I hope to see some relief from USD, it got annoying seeing USD appreciate all the time.
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enoch1937
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