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Cable Update (GBPUSD)

  • #702,341
  • Nov 1, 2022 5:37am Nov 1, 2022 5:37am
Quoting Georginson
Bought at 1.1462, target 1.1642.. Stop 1.1382 ..
Manually exited at 1.1542. +80 pips...
Data + Stat + Risk/Emotions Management
  • #702,342
  • Nov 1, 2022 5:42am Nov 1, 2022 5:42am
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Selling here, too . . . .

  • #702,343
  • Nov 1, 2022 5:47am Nov 1, 2022 5:47am
Quoting trumps
1.159++ - 1.16 zone looks like an ideal sell spot with great R:R {image} {image}
Probably a more accurate picture.
May not quite reach 1.16 region before hitting some resistance
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Compulsions can be hard to resist
  • #702,344
  • Nov 1, 2022 5:49am Nov 1, 2022 5:49am
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JY 5' --- Buying here, too in extreme weakness [ and a buying pending if you notice ]

  • #702,345
  • Nov 1, 2022 6:00am Nov 1, 2022 6:00am
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yes yes yes
  • #702,346
  • Nov 1, 2022 6:01am Nov 1, 2022 6:01am
Quoting Robinhood1
{quote} " you were already late" is a sarcastic expression, have you been able to process it? And this is it for the show today, let the members carry on
I understood it was sarcasm, and enjoy your occasional sarcastic interjection. I often like to "play dumb" and give a reply that does not match the tone of the original post, just for a bit of fun.
To free Gazans of Hamas, use whatever it takes.
  • #702,347
  • Nov 1, 2022 6:03am Nov 1, 2022 6:03am
Quoting MrFanciful
Do you think that all the institutions have finally figured out that all fiat currencies are shit and so no one is willing to take them off their hands?
no one is willing to take them off their hands
And thus, fiat currencies are destined to continue as-is.
To free Gazans of Hamas, use whatever it takes.
  • #702,348
  • Nov 1, 2022 6:10am Nov 1, 2022 6:10am
Went short gold 1653,12 and closed 50% of longs. So hedging
POSTMASTER
  • #702,349
  • Nov 1, 2022 6:12am Nov 1, 2022 6:12am
Disgusting range..
  • #702,350
  • Nov 1, 2022 6:13am Nov 1, 2022 6:13am
Quoting Robinhood1
Went short gold 1653,12 and closed 50% of longs. So hedging
Target for short 1644,50 and 1642,80
POSTMASTER
  • #702,351
  • Nov 1, 2022 6:18am Nov 1, 2022 6:18am
Quoting TheWolf
Disgusting range..
I'm guessing it's the quiet before the JOLTS storm
  • #702,352
  • Nov 1, 2022 6:20am Nov 1, 2022 6:20am
Quoting Robinhood1
{quote} Target for short 1644,50 and 1642,80
Next retracement for gold is probably 1719
POSTMASTER
  • #702,353
  • Nov 1, 2022 6:24am Nov 1, 2022 6:24am
Fibonacci pattern right to the gap
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yes yes yes
  • #702,354
  • Nov 1, 2022 6:27am Nov 1, 2022 6:27am
Quoting MrFanciful
{quote} I'm guessing it's the quiet before the JOLTS storm
Actually, I don't expect anything. Range will continue. I think market is waiting for Bailey and BoE's rate hike.

If BoE raises rates by 50bps these will be the highs and 1.20 is just a dream after it. They have tough choice, destroy the economy or destroy the Pound..
  • #702,355
  • Nov 1, 2022 6:28am Nov 1, 2022 6:28am
Will have to do some historical analysis tonight on whether this is normal behaviour for the JOLTS release day.
  • #702,356
  • Nov 1, 2022 6:29am Nov 1, 2022 6:29am
Quoting Robinhood1
{quote} Next retracement for gold is probably 1719
1689,50. wrong glasses and finally 1719
POSTMASTER
  • #702,357
  • Nov 1, 2022 6:36am Nov 1, 2022 6:36am
Sell limit with tight stop
GU - 11560
EU - 0.9963
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Peace Yo!
  • #702,358
  • Nov 1, 2022 6:40am Nov 1, 2022 6:40am
... 50% of the total 1645-1460 drop @ the current dly hi in a prev 30min sw hi zone = prev res = pot res. Only 41% 30day adr traveled so far today lo-hi, but still 93pips. These marginal new highs keep getting sold as price has been creeping up.

1hr below
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Trader with an Edge.
  • #702,359
  • Nov 1, 2022 6:46am Nov 1, 2022 6:46am
Quoting TheWolf
{quote} They have tough choice, destroy the economy or destroy the Pound..
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  • #702,360
  • Nov 1, 2022 6:49am Nov 1, 2022 6:49am
took long uj and short gu
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yes yes yes
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