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Cable Update (GBPUSD)

  • #702,361
  • Nov 1, 2022 6:51am Nov 1, 2022 6:51am
PRICE MISSED MY SL BY LESS THAN ONE PIP..Took profit..
Some luck after all..
  • #702,362
  • Nov 1, 2022 6:52am Nov 1, 2022 6:52am
Quoting TheWolf
{quote} 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..
Destroy the economy or weaken the pound, these are their choices. A weaker pound is not the end of the world. Really too bad that the UK didn't expand nuclear power program, the economy would be a lot stronger today if they had!
  • #702,363
  • Nov 1, 2022 6:53am Nov 1, 2022 6:53am
Quoting MrFanciful
{quote} {image}
Indeed hahah
  • #702,364
  • Nov 1, 2022 6:53am Nov 1, 2022 6:53am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #702,365
  • Nov 1, 2022 7:06am Nov 1, 2022 7:06am
mf !!!!!!
i was long and waited 4 times for gu to reach daily r1
the minute i switched to short , he remember
i hope this is sl hunt
Attached Image (click to enlarge)
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yes yes yes
  • #702,366
  • Nov 1, 2022 7:08am Nov 1, 2022 7:08am
Quoting dantpm
{quote} Destroy the economy or weaken the pound, these are their choices. A weaker pound is not the end of the world. Really too bad that the UK didn't expand nuclear power program, the economy would be a lot stronger today if they had!
For the cost of the HS2 railway which is projected to shave 10 minutes off the journey from Birmingham to London, we could have bought an additional 4-5 Hinkley Point C nuclear power stations
  • #702,367
  • Nov 1, 2022 7:10am Nov 1, 2022 7:10am
Quoting Moty
mf !!!!!! i was long and waited 4 times for gu to reach daily r1 the minute i switched to short , he remember i hope this is sl hunt {image}
Personally I think it is a stop hunt. 4 relatively equal highs at the 61.8% fib at rsistance and daily r1.

But then again...¯\_(ツ)_/¯
  • #702,368
  • Nov 1, 2022 7:13am Nov 1, 2022 7:13am
Quoting Moty
mf !!!!!! i was long and waited 4 times for gu to reach daily r1 the minute i switched to short , he remember i hope this is sl hunt {image}
Lou Vincii Code
  • #702,369
  • Nov 1, 2022 7:19am Nov 1, 2022 7:19am
GU is heading higher.
First target 1.1580
  • #702,370
  • Nov 1, 2022 7:28am Nov 1, 2022 7:28am
My target is a reversal at the psy lo.
Attached Image (click to enlarge)
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  • #702,371
  • Nov 1, 2022 7:32am Nov 1, 2022 7:32am
Attached Image (click to enlarge)
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yes yes yes
  • #702,372
  • Nov 1, 2022 7:35am Nov 1, 2022 7:35am
Update on 15M, 30M and Hourly Chart..
Adding H4 also..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 15M.png Size: 22 KB
Click to Enlarge Name: GBPUSD 30M.png Size: 24 KB
Click to Enlarge Name: GBPUSD H1.png Size: 20 KB
Click to Enlarge Name: GBPUSD H4.png Size: 24 KB
  • #702,373
  • Nov 1, 2022 7:40am Nov 1, 2022 7:40am
Quoting Moty
{image}
No rocket?
  • #702,374
  • Nov 1, 2022 7:43am Nov 1, 2022 7:43am
*Forecast for NFP has been changed from 200K to 190K*

Congessional Elections getting closer, in a week. After that we should have long term direction for this pair. Either 1.21 or down into abyss..
Attached Image (click to enlarge)
Click to Enlarge Name: NFP Forecast.png Size: 13 KB
  • #702,375
  • Nov 1, 2022 7:44am Nov 1, 2022 7:44am
Quoting Moty
mf !!!!!! i was long and waited 4 times for gu to reach daily r1 the minute i switched to short , he remember i hope this is sl hunt {image}
This is the reason i admire n like you so much......Lol


Trade Safe
  • #702,376
  • Nov 1, 2022 7:50am Nov 1, 2022 7:50am
Quoting mrluckystar
Sell limit with tight stop GU - 11560 EU - 0.9963 {image} {image}
Correction.. short EU at 0.9643.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-01-20-48-03-68_d2413675f45e5f25fdbfe681d1807ad0.jpg Size: 268 KB
Peace Yo!
  • #702,377
  • Nov 1, 2022 8:08am Nov 1, 2022 8:08am
Pound may dropping but Institutional Traders need liquidity to short this market. Above 1.165 has a lot of SL that need to be grabbed. If they want to crash this pair, Central Bank must manipulate the price to that area.
With courage, patience, and discipline, success is a matter of time.
  • #702,378
  • Nov 1, 2022 8:11am Nov 1, 2022 8:11am
Quoting JameRomeo168
Pound may dropping but Institutional Traders need liquidity to short this market. Above 1.165 has a lot of SL that need to be grabbed. If they want to crash this pair, Central Bank must manipulate the price to that area.
Attached Image (click to enlarge)
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  • #702,379
  • Nov 1, 2022 8:15am Nov 1, 2022 8:15am
Quoting PatienceFx
{quote} {image}
Wrong thread or you are trying to tell me something?
With courage, patience, and discipline, success is a matter of time.
  • #702,380
  • Nov 1, 2022 8:22am Nov 1, 2022 8:22am
Quoting JameRomeo168
Pound may dropping but Institutional Traders need liquidity to short this market. Above 1.165 has a lot of SL that need to be grabbed. If they want to crash this pair, Central Bank must manipulate the price to that area.
If the Central bank wants to crash this pair, they don't need institutional traders to do it. They can do it all on their own!
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