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Cable Update (GBPUSD)

  • #700,681
  • Oct 25, 2022 11:06pm Oct 25, 2022 11:06pm
Quoting PatienceFx
{image}
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  • #700,682
  • Oct 25, 2022 11:07pm Oct 25, 2022 11:07pm
looking usdx , likely continue fall to 109 direct before get a support .. so gu targets go next 1670 resistance to 1737 possible !take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #700,683
  • Oct 25, 2022 11:09pm Oct 25, 2022 11:09pm
Quoting billytt
T 06-59 Cable chart just copied 00-00 to 04-00 4 hour range. High =11466 and low = 11430 36 range. The high has already broke so my bias is long.. Not that it means anything yet. i will add the 08-00 to 08-15 candle area later after it is formed. {image} i am just waiting to trade off the 07-45 then 08-00 15 minute bar breaks. Trade well all. t 07-04
I want to see Wizard's 1.166 and Donfriday's 1.20.
  • #700,684
  • Oct 25, 2022 11:09pm Oct 25, 2022 11:09pm
Quoting TheWolf
{quote} We have had no decent retracement still to yesterday's move indicating bulls are still good.. just my observation.. H4 candles look like typical timeout after which buy will continue. As always we'll see..
This is because before this bull move there has been an attempt to bring price down against natural law. In my opinion.
POSTMASTER
  • #700,685
  • Oct 25, 2022 11:10pm Oct 25, 2022 11:10pm
Hello trading friends, I got held up at work, but I'm here now

I see that NY was giving up lots of pips last night, I hope you all got some of the action

I will just answer a couple of posts, then I will go to the long grass and wait. Good luck to us all
I am neither brave nor stupid...I am just a part time trader
  • #700,686
  • Oct 25, 2022 11:12pm Oct 25, 2022 11:12pm
Quoting billytt
{quote} Someone said earlier that U/J was going up and they sounded certain. lol. My inside bar high broke for long and it failed, but then the low broke for decent %%. and no i didnt trade it.lol
My uncle told me once that very little in life is certain, except death and taxes
I am neither brave nor stupid...I am just a part time trader
  • #700,687
  • Oct 25, 2022 11:12pm Oct 25, 2022 11:12pm
Quoting Robinhood1
{quote} Humans tend to think sell high buy low. don´t normally think buy high sell higher.
That is how the market makers trap a lot of retail traders..
Sell high, buy low?????? if price is going up , and vice versa ,you buy high and sell low..

Unless we have that consolidation range .
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,688
  • Oct 25, 2022 11:13pm Oct 25, 2022 11:13pm
Quoting pgidia
{quote} Thanks for timely intervention
in forex situations change rapidly
Inserted Video
  • #700,689
  • Oct 25, 2022 11:14pm Oct 25, 2022 11:14pm
Quoting Indiara
{quote} My uncle told me once that very little in life is certain, except death and taxes
Hi, i cannot remember who posted that, one of the room guys. i am not going to look.
Did you see page 700699
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,690
  • Oct 25, 2022 11:15pm Oct 25, 2022 11:15pm
Quoting suhas316
My view on GU If GU stays above 1.1400 for me its bullish... for me 1.1400 to 1300 zone is imp... I think if GU wants to go up, it will bounce from this zone.... I will only short GU if it goes below 1.1300 {image}
what a nice analysis
  • #700,691
  • Oct 25, 2022 11:16pm Oct 25, 2022 11:16pm
Here is my UJ trades that closed after I went to my bed last night. All 3 trades were Pending Sells, so the market opened and closed my trades for me. Here is some numbers, and the chart is below. It is M30 chart so that you can see better.

Trade 1 = +44
Trade 2 = +91
Trade 3 = +54

Total pips for the account = +189

Maximum drawdown = -61 so 3:1 which is fine to me.

There was a little swap fees but was very small.

This week has been good so far

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I am neither brave nor stupid...I am just a part time trader
  • #700,692
  • Oct 25, 2022 11:16pm Oct 25, 2022 11:16pm
Quoting Indiara
{quote} My uncle told me once that very little in life is certain, except death and taxes

i just looked at U/J it dropped 150 lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,693
  • Oct 25, 2022 11:16pm Oct 25, 2022 11:16pm
Quoting Indiara
{quote} My uncle told me once that very little in life is certain, except death and taxes
Taxes not so much. Must be a very honest person
POSTMASTER
  • #700,694
  • Oct 25, 2022 11:16pm Oct 25, 2022 11:16pm
Quoting Indiara
Here is my UJ trades that closed after I went to my bed last night. All 3 trades were Pending Sells, so the market opened and closed my trades for me. Here is some numbers, and the chart is below. It is M30 chart so that you can see better. Trade 1 = +44 Trade 2 = +91 Trade 3 = +54 Total pips for the account = +189 Maximum drawdown = -61 so 3:1 which is fine to me. There was a little swap fees but was very small. This week has been good so far {image}
you did well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,695
  • Oct 25, 2022 11:17pm Oct 25, 2022 11:17pm
Quoting PatienceFx
{quote} in forex situations change rapidly https://www.youtube.com/watch?v=nWWrn6Ufg74
fishes come quickly
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  • #700,696
  • Oct 25, 2022 11:18pm Oct 25, 2022 11:18pm
Quoting billytt
{quote} i just looked at U/J it dropped 150 lol
And more to come, target 144.90 aprox. i may be wrong
POSTMASTER
  • #700,697
  • Oct 25, 2022 11:20pm Oct 25, 2022 11:20pm
Quoting billytt
{quote} Hi, i cannot remember who posted that, one of the room guys. i am not going to look. Did you see page 700699 Trade well

Yes, I saw it

Thank you, I'm learning lots
I am neither brave nor stupid...I am just a part time trader
  • #700,698
  • Oct 25, 2022 11:21pm Oct 25, 2022 11:21pm
Quoting billytt
{quote} you did well
Thank you. Market has been kind to me this week, and I am grateful
I am neither brave nor stupid...I am just a part time trader
  • #700,699
  • Oct 25, 2022 11:26pm Oct 25, 2022 11:26pm
Quoting Indiara
{quote} Thank you. Market has been kind to me this week, and I am grateful
In the Yen news, Japan is suggesting 170 is possible.
  • #700,700
  • Oct 25, 2022 11:26pm Oct 25, 2022 11:26pm
Quoting Wavegarrick
Nice read https://www.google.com/url?sa=t&rct=...1dNI_uqHqqNeYp
Thank you. My analyses agree with that. Sterling is far lower than its long-term fair value.

Five percent a year is about right for 2022, that would bring us to 1.18, my Q4 target. A more ambitious would be 12%, then 1.26 is not too far away. That would mean me trading into final week of Dec '22, which I don't intend to. I prefer an earlier Christmas.

I expect further gains in 2023, when this overseas US dollar funding liquidity issue is resolved. We'll see what's the amount auctioned today in Zurich.
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