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Cable Update (GBPUSD)

  • #701,421
  • Oct 27, 2022 5:16pm Oct 27, 2022 5:16pm
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  • #701,422
  • Oct 27, 2022 5:27pm Oct 27, 2022 5:27pm
Quoting Jolita
{quote} Elbert uses MA10
Thanks but careful it does not work all the time. Mostly when price moves away from the ema and they if it’s running it could bound off the ema . If you add 20 ema it helps find the trend .. hope it helps you guys . If you see my posts I have been doing it some time now
  • #701,423
  • Oct 27, 2022 5:30pm Oct 27, 2022 5:30pm
Quoting Jolita
{quote} Full candle closes above - buy, under - sell. Works great.
Have you had any results ?
  • #701,424
  • Oct 27, 2022 5:32pm Oct 27, 2022 5:32pm
Quoting Waveskierrob
{quote} Seems all markets behaving a bit weird....DJIA has had a bit of a fit in the last hour....
Be great to see GU drop to parity… only coz going long would be very profitable
Insane in the Brain..
  • #701,425
  • Oct 27, 2022 5:36pm Oct 27, 2022 5:36pm
Quoting elbert3
{quote} Thanks but careful it does not work all the time. Mostly when price moves away from the ema and they if it’s running it could bound off the ema . If you add 20 ema it helps find the trend .. hope it helps you guys . If you see my posts I have been doing it some time now
Great work, Elbert. Thank you
  • #701,426
  • Oct 27, 2022 5:41pm Oct 27, 2022 5:41pm
Quoting Jolita
{quote} Great work, Elbert. Thank you
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this one because of the pip spread it might not make you any money . So break even when you think possible
  • #701,427
  • Oct 27, 2022 5:46pm Oct 27, 2022 5:46pm
Quoting elbert3
{quote} Have you had any results ?
Yes, this rule works very well.
I use EMA 20 and 50 crosses, best
for my trades, especally for Crude 15min.
Plus Stochs, S&R, Fibs combined, depending on how long I keep the trade for, various tf, as I contantly lswitching around. Still learning from all of you on limited trading time. Ta, J
  • #701,428
  • Oct 27, 2022 5:51pm Oct 27, 2022 5:51pm
Quoting Jolita
{quote} Yes, this rule works very well. I use EMA 20 and 50 crosses, best for my trades, especally for Crude 15min. Plus Stochs, S&R, Fibs combined, depending on how long I keep the trade for, various tf, as I contantly lswitching around. Still learning from all of you on limited trading time. Ta, J
Well done let me know how you find it . But careful . Regards E
  • #701,429
  • Oct 27, 2022 5:54pm Oct 27, 2022 5:54pm
GU will retest BO, before 1.181... confluence with 88.6 fibs
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Toohok your indicators, useless!
  • #701,430
  • Oct 27, 2022 6:55pm Oct 27, 2022 6:55pm
Quoting Bella.al
{quote} Current Rate : 1.15687 I am +65 pips as i write this . The proposed Today's High stayed intact 1.16453 , this gives some degree of confidence that a short term top has been placed. i have decided to remove my T/P which was set at 1.14160 to control this position manually. Bella's Blue. {image}
Current Rate : 1.15707

to re-cap , yesterday's selloff to 1.15481 suggests a recent decline has formed a temp top ( proposed ) , I have moved my stoploss at this point at 1.16074 locking in +28 Pips and expecting further decline

Resistance : 1.15847 , 1,16035

Bella's Blue
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Goddess of Thunder..
  • #701,431
  • Oct 27, 2022 7:19pm Oct 27, 2022 7:19pm
TRying Long 11552
COT: The precious data ignored
  • #701,432
  • Edited 8:29pm Oct 27, 2022 7:27pm | Edited 8:29pm
Short (Friday)..

Entry @ 1.15511
TP 1.14000
SL 1.16523

Meh, closed..
Range..

We will not have much play on this pair until the next week.. my guess.
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  • #701,433
  • Oct 27, 2022 8:02pm Oct 27, 2022 8:02pm
Long 1.1550 SL 1.1520
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #701,434
  • Oct 27, 2022 8:32pm Oct 27, 2022 8:32pm
Quoting Yngwie
Long 1.1550 SL 1.1520
Closed 1.1575 +25
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #701,435
  • Oct 27, 2022 8:53pm Oct 27, 2022 8:53pm
29.1.2016. was the date when BoJ set interest rates at -0.10% and it have remained so even now after almost 7 years.

During 2007-08, BoJ raised rates by two consequtive rate hikes by 25bps. IR were at 0% -> 0.25% -> 0.50%, after which the BoJ gradually got IR to negative teritory in 2016.


Another such case was the SNB. SNB lowered IR to -0.75% from infamous January 15th, 2015 and held negative IR up until 16th of June this year, so more then 7 years..

Now, we still expect no changes, but BoJ, as SNB, likes to surprise us lately..
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  • #701,436
  • Oct 27, 2022 9:07pm Oct 27, 2022 9:07pm
GBP/USD near Weekly R..
For the first time in a while Price managed to reach the Yellow Line..
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  • #701,437
  • Oct 27, 2022 9:12pm Oct 27, 2022 9:12pm
Quoting Bella.al
{quote} Current Rate : 1.15707 to re-cap , yesterday's selloff to 1.15481 suggests a recent decline has formed a temp top ( proposed ) , I have moved my stoploss at this point at 1.16074 locking in +28 Pips and expecting further decline Resistance : 1.15847 , 1,16035 Bella's Blue {image}
Current Rate : 1.15845

I am +49 Pips as i write this , Market is very close to my Trailing Stop: 1.16074 , waiting to see the reaction at resistance : 1.16035 .

-Bella's Blue.
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Goddess of Thunder..
  • #701,438
  • Oct 27, 2022 9:24pm Oct 27, 2022 9:24pm
Yes, i bought that 4hr candle and closed too.

Asia is quick.

To my followers :

Concentrate on daily close, Tokyo open, frankfurt open, london open and NY open.

Concentrate on 4 hr open + 30 min sup/resistance + 60 min sup/resistance + 240 min support/resistance
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Intraday only.
  • #701,439
  • Oct 27, 2022 9:26pm Oct 27, 2022 9:26pm
yesterday was bearish close.

NY, I expect price to fall to 1.1500 or s1.

Choose your short entry wisely
Intraday only.
  • #701,440
  • Oct 27, 2022 9:26pm Oct 27, 2022 9:26pm
took sell trades off at today's open. Still a healthy profit, but price's inability to take out stops under 1.1544 is a bit telling. Came exceedingly close though.

Will not trade today. Will wait for direction.
So far it looks like we're in for more rise, but will need a day's worth of analysis to determine the next moves.
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