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Cable Update (GBPUSD)

  • #701,861
  • Oct 30, 2022 2:15am Oct 30, 2022 2:15am
Quoting TheWolf
So, what do we have? Price is at 1.161.. BoE raising rates this week. It's not hard to tell where the price is going this week. As with Euro and ECB last week, Euro started appreciating at the beginning of the week and fell on the day of rate hike as was expected. So, my guess is Pound is near 1.19 this week before rate hike. BoE raising rates to 3% isn't a joke anymore and Fed has rates at 4%. It's time for Pound and Euro to take the lead before their demise on Winter. We should get some really nice Monthy retracement now.. Now, USD appreciation...
I see this move to be limited to 1.1690 / 1.1740 area, aggressive crash to 1.11 will follow within 2 weeks ... I may be wrong but this is what I see.
Data + Stat + Risk/Emotions Management
  • #701,862
  • Oct 30, 2022 2:22am Oct 30, 2022 2:22am
Quoting Georginson
{quote} I see this move to be limited to 1.1690 / 1.1740 area, aggressive crash to 1.11 will follow within 2 weeks ... I may be wrong but this is what I see.
You are correct

Germany the largest economy in Europe is bending its knees before China giving it access to critical areas which can ruin it
  • #701,863
  • Oct 30, 2022 3:02am Oct 30, 2022 3:02am
Trading without Indicator and charts is 0. In trading world everything works... even lagging indicator works. if you know how to use it. When people do not know how to use indicators, they blame indicators and say its lagging indicators. Lol admit it that you don;t know how to use it. I do not say this works and this not. My thinking is even if you know when to use moving avg and when to not, then you already made money lol. Charts and Indicators tell you everything whats is happening ... you do not need to follow any news... when news comes out, it shows immediately its reaction on chart... So for me everything works,,, if you know how to use it.
!! Radha Radha !!
  • #701,864
  • Oct 30, 2022 3:24am Oct 30, 2022 3:24am
Quoting PatienceFx
30 minute cable 1557 expected {image}
Please can i what ever makes that chart like that. I believe that chart is showing when two index crosses each other,

How are you able to make that show on one chart? Please share. Thank you

Please i will be very grateful when do.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #701,865
  • Oct 30, 2022 3:33am Oct 30, 2022 3:33am
Quoting martinez1
{quote} Please can i what ever makes that chart like that. I believe that chart is showing when two index crosses each other, How are you able to make that show on one chart? Please share. Thank you
I know its not supposed to work that way

in India we call it desi jugad
  • #701,866
  • Oct 30, 2022 3:34am Oct 30, 2022 3:34am
GBPUSD

As I see it, the 1D is due to turn down. This occurs only by smaller TFs turning down. As of Friday's close, the down swings have progressed only to the 16m. This is quite far from 1D TF, so in addition to the normal down-and-up cycling, there will be plenty of opportunities for the progression of the up swings upward through the TFs to fail, resulting in the best case for stalling of price movement on larger TFs and worst case of price moving further upward to take 1D even higher.

Looking at the 1D chart, there is a resistance zone in September that current price has reached, but the top of the zone is at about 1.1750, leaving room for price to move over 100 pips higher. If enough traders have already started selling and placed their stops in this zone, the big boyz may see enough contracts there to make it worthwhile for them to take them out with a stop-hunt spike.

I am currently biased toward selling with two open sells that just missed the TP on Friday. (I would have manually closed them in tiny profit if I were at the computer then, because of the negative swap over the weekend.) However, as the action moves to higher TFs, I am also prepared to make buy entries with more conservative targets. Note that any buys that I would enter would be strictly to take some pips due to a valid opportunity, not as hedge trades to the open sells that are in floating drawdown at the moment.
To free Gazans of Hamas, use whatever it takes.
  • #701,867
  • Oct 30, 2022 3:39am Oct 30, 2022 3:39am
Quoting suhas316
Trading without Indicator and charts is 0. In trading world everything works... even lagging indicator works. if you know how to use it. When people do not know how to use indicators, they blame indicators and say its lagging indicators. Lol admit it that you don;t know how to use it. I do not say this works and this not. My thinking is even if you know when to use moving avg and when to not, then you already made money lol. Charts and Indicators tell you everything whats is happening ... you do not need to follow any news... when news comes out,...
Great statement, however, statements need to be back up and justified to be of any worth, are all your trades 100% right if so, well done, can you post at least 10 live trades to back this claim up, many on this thread will be very interested to see, if not how do you know the trades that are right and aren't just a coincidence that line up with your indicators, many thanks ...
  • #701,868
  • Oct 30, 2022 3:45am Oct 30, 2022 3:45am
Quoting suhas316
Trading without Indicator and charts is 0. In trading world everything works... even lagging indicator works. if you know how to use it. When people do not know how to use indicators, they blame indicators and say its lagging indicators. Lol admit it that you don;t know how to use it. I do not say this works and this not. My thinking is even if you know when to use moving avg and when to not, then you already made money lol. Charts and Indicators tell you everything whats is happening ... you do not need to follow any news... when news comes out,...
I think I already said that I think the news are just a way of manipulating price to get the price where it already wants to go. All those out of the clear sky news come just in time to move the price to it's original destination. How many times have we witnessed bad news turning out to be good, right? News don't matter, price does.
  • #701,869
  • Oct 30, 2022 3:53am Oct 30, 2022 3:53am
Quoting Georginson
{quote} I see this move to be limited to 1.1690 / 1.1740 area, aggressive crash to 1.11 will follow within 2 weeks ... I may be wrong but this is what I see.
Well said, but I'm still more bullish on Pound. As said Fed's hikes are priced in and some bigger relief from USD is expected for sure. Wouldn't be surprised to see Pound to appreciate immensely this week.

As in the past, when time came and Fed stopped raising rates aggressively, USD depreciation started until real crisis began and USD yet again cleaned the floor with other currencies expect CHF and JPY who was the King in 07-08 and shall be again.
  • #701,870
  • Oct 30, 2022 3:54am Oct 30, 2022 3:54am
Quoting PatienceFx
{quote} Excellent post, this is how we should trade forex , not with indicators and charts. Price comes first, without Price indicators and charts do not work,. Again Excellent way to trade brother
Thanks!
  • #701,871
  • Oct 30, 2022 3:57am Oct 30, 2022 3:57am
Quoting TheWolf
{quote} I think I already said that I think the news are just a way of manipulating price to get the price where it already wants to go. All those out of the clear sky news come just in time to move the price to it's original destination. How many times have we witnessed bad news turning out to be good, right? News don't matter, price does.
I posted here a few days ago about how news affects price.

"Good economic news makes the stock market go up; bad economic news makes it go down. But is it true?"
To free Gazans of Hamas, use whatever it takes.
  • #701,872
  • Oct 30, 2022 3:59am Oct 30, 2022 3:59am
If you are a swing trader, 1.1575 can be where to start shorting. Now, i have been advancing with my Visual Pattern Recognition strategy which once detected, it comprises 3 symmetrical movements, the third being the most reliable. GU is running the second one so I think I can nail the bullish reversal when the next low is to happen but the bearish reversal for me is unknown.
POSTMASTER
  • #701,873
  • Oct 30, 2022 4:04am Oct 30, 2022 4:04am
Quoting PatienceFx
{quote} I know its not supposed to work that way in India we call it desi jugad
Okay but how are you able to that on your chart? share how
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #701,874
  • Oct 30, 2022 4:10am Oct 30, 2022 4:10am
Attached Image (click to enlarge)
Click to Enlarge Name: reaction pics ;))_ vincentvanth0t - YIKES SNAJSB.jpg Size: 48 KB
  • #701,875
  • Oct 30, 2022 4:35am Oct 30, 2022 4:35am
Quoting bestchao14
{quote} Has anyone told you your strategy is genius? How do you do it?
Thanks for your nice words

There are many "geniuses" involved in this strategy


https://www.forexfactory.com/thread/...s-waves-cycles
  • #701,876
  • Oct 30, 2022 4:43am Oct 30, 2022 4:43am
Quoting Georginson
{quote} Ich sehe, dass diese Bewegung auf den Bereich 1,1690/1,1740 begrenzt ist, ein aggressiver Absturz auf 1,11 wird innerhalb von 2 Wochen folgen ... Ich kann mich irren, aber das ist, was ich sehe.

Attached Image (click to enlarge)
Click to Enlarge Name: Rate GBP2.png Size: 74 KB

expectation for next week only (1.17600/1.14800), further development? lets wait and see
http://www.marctomarket.com/2022/10/...red-while.html

Attached Image (click to enlarge)
Click to Enlarge Name: Rate_GBP.png Size: 32 KB
  • #701,877
  • Oct 30, 2022 4:49am Oct 30, 2022 4:49am
Quoting Robinhood1
{quote} Central Algo programmed to trade aggresively Robin just as he entered the market. How i love this game now. Come on Algo, over buy, want to see you underwater soon {image}
Maybe

Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (5224).png Size: 19 KB
POSTMASTER
  • #701,878
  • Oct 30, 2022 4:54am Oct 30, 2022 4:54am
Quoting martinez1
{quote} Okay but how are you able to that on your chart? share how
Hey Martinez,

try this. (indi below, not mine but play with it)

Finger cross just want to show off, not sharing.
Don't show if you dont want to share.
It's called phishing.
Attached File(s)
File Type: mq4 OverLayChart.mq4   9 KB | 388 downloads
File Type: ex4 overlaymchartfline.ex4   16 KB | 377 downloads
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #701,879
  • Oct 30, 2022 5:01am Oct 30, 2022 5:01am
Quoting Waveskierrob
{image}
is this karen ?

As recommended by "Whale" Im going to Illuzion Hallowen Party later tonight.
The party theme is .....dressed up like Karen......
I will share photo later at the club
Attached Image (click to enlarge)
Click to Enlarge Name: illuzion 1.jpg Size: 55 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #701,880
  • Oct 30, 2022 5:06am Oct 30, 2022 5:06am
Quoting Pat Chiko
{quote} Hey Martinez, try this. (indi below, not mine but play with it) Finger cross just want to show off, not sharing. Don't show if you dont want to share. It's called phishing. {file} {file}
Martinez.

play with it , don't over do it, it may get orgasm.....
Here some samples.
Attached Image (click to enlarge)
Click to Enlarge Name: overlay 1.jpg Size: 224 KB
Attached Image (click to enlarge)
Click to Enlarge Name: overlay 2.jpg Size: 197 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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