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Cable Update (GBPUSD)

  • #700,781
  • Oct 26, 2022 2:58am Oct 26, 2022 2:58am
Quoting Robinhood1
{quote} when short with one position helping wolf
First Possible closing target around 1.0850
POSTMASTER
  • #700,782
  • Oct 26, 2022 2:59am Oct 26, 2022 2:59am
This is what I was talking about when I mentioned this is the first Weekly Candle above the gray line. Another R seems to be just shy of 1.166 at around ~1.164..
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  • #700,783
  • Oct 26, 2022 3:01am Oct 26, 2022 3:01am
Quoting Waveskierrob
Looks like a "Karen" is clicking the thumbs down button on every post on my thread, someone told me once that "the best revenge is massive success" looks like I succeeded, I think most people know who he is, just putting it out there, these are the folks we are communicating with on this thread ....
Is better focus on improving trading than it is to waste valuable time making anonymous thumbs down, no?
I am neither brave nor stupid...I am just a part time trader
  • #700,784
  • Edited 3:20am Oct 26, 2022 3:01am | Edited 3:20am
Third sell entered at 1.1570... I expect at least 130 pips drop from whichever high it makes... I expect high to be limited to 1.1600.
Data + Stat + Risk/Emotions Management
  • #700,785
  • Oct 26, 2022 3:01am Oct 26, 2022 3:01am
market is moving crazy...
  • #700,786
  • Oct 26, 2022 3:01am Oct 26, 2022 3:01am
Daily chart: high momentum for strong Sterling. advance to next target 1.1690 in case 1.1600 conquered or at least could be another trace back to 1.1468 before higher target.

May be I'm wrong.
  • #700,787
  • Oct 26, 2022 3:03am Oct 26, 2022 3:03am
getting some sell signals on the 10 min chart so moving my stop to the low of the last 10 min bar
  • #700,788
  • Oct 26, 2022 3:05am Oct 26, 2022 3:05am
1.1720 is the next resistance if this 1575 fails
  • #700,789
  • Oct 26, 2022 3:05am Oct 26, 2022 3:05am
Booked all, time to relax
  • #700,790
  • Oct 26, 2022 3:05am Oct 26, 2022 3:05am
could be setting up a doji sandwich bo
  • #700,791
  • Oct 26, 2022 3:06am Oct 26, 2022 3:06am
Quoting Indiara
{quote} Is better focus on improving trading than it is to waste valuable time making anonymous thumbs down, no?
You would think, but folks will be folks...
  • #700,792
  • Oct 26, 2022 3:06am Oct 26, 2022 3:06am
Quoting Georginson
Third sell entered at 1.2570... I expect at least 130 pips drop from whichever high it makes... I expect high to be limited to 1.1600.
What is suggesting the 1.16 limit at this time?
  • #700,793
  • Oct 26, 2022 3:07am Oct 26, 2022 3:07am
Quoting Waveskierrob
Looks like a "Karen" is clicking the thumbs down button on every post on my thread, someone told me once that "the best revenge is massive success" looks like I succeeded, I think most people know who he is, just putting it out there, these are the folks we are communicating with on this thread ....
Attached Image (click to enlarge)
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Insane in the Brain..
  • #700,794
  • Oct 26, 2022 3:07am Oct 26, 2022 3:07am
Attached Image (click to enlarge)
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BP H. --- So far so good . . . But we entered dangerous waters now. Min. requirements of wave stucture have been met.

Be carefull . . .

  • #700,795
  • Oct 26, 2022 3:07am Oct 26, 2022 3:07am
Quoting buffedmage
{quote} never trust any politicians blindly
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  • #700,796
  • Oct 26, 2022 3:07am Oct 26, 2022 3:07am
It was not surprising that dollar did that kind of move. We saw that on 5th, 12th, 19th. Just some liquidity supply expansion.

Auction should be any minute now. I think they've running simultaneous bid in Basel and Zurich. We shall see.

Did I regret not entering more long trades? Nah... I'm good. I'll wait until it comes down to 1.14 level, then I'll long again.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1+20221026+0859.png Size: 9 KB
  • #700,797
  • Oct 26, 2022 3:10am Oct 26, 2022 3:10am
General Info


The weakness of the dollar has allowed currency (EUR,AUD, GBP, BTC) to reach the top of its range and climb back above the strong level.

But beware, this correction in the USD is probably only temporary.
Next big decision to watch: FOMC in November, which could bring strength to the USD.
Even AUS with high inflation rate reported, went higher AUD against USD.

We are seeing, Fed hikes 75bps in line with markets.
No hawkish dissenters going for 100bps.
They acknowledge weakness in spending & production... labour market strength.

It's all down the middle & exactly what the markets were expecting.
Non-event statement... Powell will be vague too USD
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In the UK today, 5Y rates are up 50bp in a day, and I hope it will not drag the GBP down.
Just a bit of attention for fragile GBP
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,798
  • Oct 26, 2022 3:12am Oct 26, 2022 3:12am
Quoting BeeTogether
{quote} {image}
That's her ...she must have dyed her hair......
  • #700,799
  • Oct 26, 2022 3:12am Oct 26, 2022 3:12am
Quoting PatienceFx
{quote} {image}
Intraday only.
  • #700,800
  • Oct 26, 2022 3:12am Oct 26, 2022 3:12am
Quoting Pat Chiko
General Info The weakness of the dollar has allowed currency (EUR,AUD, GBP, BTC) to reach the top of its range and climb back above the strong level. But beware, this correction in the USD is probably only temporary. Next big decision to watch: FOMC in November, which could bring strength to the USD. Even AUS with high inflation rate reported, went higher AUD against USD. We are seeing, Fed hikes 75bps in line with markets. No hawkish dissenters going for 100bps. They acknowledge weakness in spending & production... labour market strength. It's...
In front of the US mid-terms, you won't see 100 bps or you will see new Fed governors. After the mid-terms, 50 will become at least 75 bps!
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