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Cable Update (GBPUSD)

  • #700,701
  • Oct 26, 2022 1:27am Oct 26, 2022 1:27am
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..
In order to obtain profits forever always go with the market. Whoever tries to push the market his/her way will eventually end up in disaster sooner or later.
POSTMASTER
  • #700,702
  • Oct 26, 2022 1:27am Oct 26, 2022 1:27am
Quoting Robinhood1
{quote} And more to come, target 144.90 aprox. i may be wrong
It's time other currencies get some relief from USD pressure..

We are very close this Weekly candle closes above gray line.
That would be the first Weekly candle to close above gray line in A WHILE.. I'll share chart when I get home.

Kuroda seems satisfied so far? Hmm..
  • #700,703
  • Oct 26, 2022 1:30am Oct 26, 2022 1:30am
Quoting dantpm
{quote} In the Yen news, Japan is suggesting 170 is possible.
170? eeeeek ....Kuroda San will not like that at all!
I am neither brave nor stupid...I am just a part time trader
  • #700,704
  • Oct 26, 2022 1:35am Oct 26, 2022 1:35am
Quoting Indiara
{quote} 170? eeeeek ....Kuroda San will not like that at all!
Kuroda: "We're watching over FX mov... whatever, just sell the damn USD!" LoL
  • #700,705
  • Oct 26, 2022 1:36am Oct 26, 2022 1:36am
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morning we had a fail short on the hedge side so jut took the long trades of her and flipped in short again . Not to the rules thou . No no no . My rule I can break them lol
  • #700,706
  • Oct 26, 2022 1:38am Oct 26, 2022 1:38am
Quoting TheWolf
{quote} Kuroda: "We're watching over FX mov... whatever, just sell the damn USD!" LoL
Hahahaha true

I can't remember the number, but I saw yesterday the size of Japans foreign reserves, and the amount they have is eye watering!! The money they have spent on intervention so far, is just a tiny amount of what they have still in reserve.
I am neither brave nor stupid...I am just a part time trader
  • #700,707
  • Oct 26, 2022 1:40am Oct 26, 2022 1:40am
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target red line . But will trend line attract first . Might have to go long again but cable won’t let you have that much space
  • #700,708
  • Oct 26, 2022 1:43am Oct 26, 2022 1:43am
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there you go on 1 min
  • #700,709
  • Oct 26, 2022 1:44am Oct 26, 2022 1:44am
Quoting Indiara
{quote} Hahahaha true I can't remember the number, but I saw yesterday the size of Japans foreign reserves, and the amount they have is eye watering!! The money they have spent on intervention so far, is just a tiny amount of what they have still in reserve.

Here we are: "Japan's FX reserves stood at about $1.23 trillion at the end of September"
I am neither brave nor stupid...I am just a part time trader
  • #700,710
  • Oct 26, 2022 1:46am Oct 26, 2022 1:46am
Quoting dantpm
{quote} In the Yen news, Japan is suggesting 170 is possible.
i would be happy if it shoots up ...lol
Blank and Empty
  • #700,711
  • Oct 26, 2022 1:46am Oct 26, 2022 1:46am
UJ long 147.86

target the kink
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  • #700,712
  • Oct 26, 2022 1:52am Oct 26, 2022 1:52am
slowly puffing towards victory, next week i can double my lot size
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  • #700,713
  • Oct 26, 2022 1:54am Oct 26, 2022 1:54am
Trying to make sense of USDX weakness here. Rates for current meeting unchanged, no "new pressure" on the decision, although there is lots to suggest Biden wants rates down until after mid-terms. December rate is officially at 50 basis points and it will probably go to 75 after the mid-term election results! EU, GU and everyone else still has high inflation that isn't coming down anytime soon. So where is the rally in other currencies coming from?
  • #700,714
  • Oct 26, 2022 1:55am Oct 26, 2022 1:55am
Quoting dantpm
Trying to make sense of USDX weakness here. Rates for current meeting unchanged, no "new pressure" on the decision, although there is lots to suggest Biden wants rates down until after mid-terms. December rate is officially at 50 basis points and it will probably go to 75 after the mid-term election results! EU, GU and everyone else still has high inflation that isn't coming down anytime soon. So where is the rally in other currencies coming from?
maybe its a pullback on the higher timeframes like daily or weekly?
  • #700,715
  • Oct 26, 2022 1:58am Oct 26, 2022 1:58am
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look left . We have tweeeezer top on 1 hour then another a temp where we are now
  • #700,716
  • Oct 26, 2022 2:03am Oct 26, 2022 2:03am
Quoting dantpm
Trying to make sense of USDX weakness here. Rates for current meeting unchanged, no "new pressure" on the decision, although there is lots to suggest Biden wants rates down until after mid-terms. December rate is officially at 50 basis points and it will probably go to 75 after the mid-term election results! EU, GU and everyone else still has high inflation that isn't coming down anytime soon. So where is the rally in other currencies coming from?
Chinese Yuan in 'free fall' as China looks to restart growth locally with devalued currency, is this what is driving the current price action in all pairs?
  • #700,717
  • Oct 26, 2022 2:04am Oct 26, 2022 2:04am
I am Selling UJ once more

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I am neither brave nor stupid...I am just a part time trader
  • #700,718
  • Edited 2:23am Oct 26, 2022 2:05am | Edited 2:23am
Taken short at 11480

Edit : oh crap
Insane in the Brain..
  • #700,719
  • Oct 26, 2022 2:10am Oct 26, 2022 2:10am
t 08-09
Cable 07-45 break. Low broke for %%. i went chicken. low broke and price moved back up so as soon as i saw a +++ sign i closed.
The high very nearly triggered .
Trade well all.
t 08-10


t08-13
edit , the high did break at 08-09 but i was out of it by then, lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,720
  • Oct 26, 2022 2:10am Oct 26, 2022 2:10am
Quoting Indiara
I am Selling UJ once more {image}
I closed manually for +24 as it hit yesterdays low. Better to book the profit than be greedy. And I don't want a growling from billytt

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I am neither brave nor stupid...I am just a part time trader
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