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Cable Update (GBPUSD)

  • #702,381
  • Nov 1, 2022 8:22am Nov 1, 2022 8:22am
news coming up... Closed my position... let the big players fight this one...
  • #702,382
  • Nov 1, 2022 8:26am Nov 1, 2022 8:26am
Quoting Moty
{image}
Socrates: “I know that I know nothing”
  • #702,383
  • Nov 1, 2022 8:31am Nov 1, 2022 8:31am
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.

My friend, copy you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,384
  • Nov 1, 2022 8:33am Nov 1, 2022 8:33am
Quoting chipsngravey
{quote} Hi Pat, how do you tell the difference?, because looking at them i could still me getting into some sort of trouble one way or another! LOL
Same as trading.... it's always 50/50.
If you're in the wrong choice , always place stop... ( I mean stop loss)....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,385
  • Nov 1, 2022 8:41am Nov 1, 2022 8:41am
Quoting Robinhood1
{quote} Target for short 1644,50 and 1642,80
Lowering targdet to 1639/40 and closed all longs. Gold
POSTMASTER
  • #702,386
  • Nov 1, 2022 8:45am Nov 1, 2022 8:45am
Quoting TheWolf
*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.. {image}
thank you for this wonderful indicator Wolf sir
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 18 KB
  • #702,387
  • Nov 1, 2022 8:46am Nov 1, 2022 8:46am
looks like stop hunt on 1min. I'm still planning for a reversal at psy lo
  • #702,388
  • Nov 1, 2022 8:48am Nov 1, 2022 8:48am
Quoting TheWolf
*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.. {image}
its up on the monthly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #702,389
  • Nov 1, 2022 8:49am Nov 1, 2022 8:49am
Quoting Pat Chiko
{quote} Same as trading.... it's always 50/50. If you're in the wrong choice , always place stop... ( I mean stop loss)....
Read a trading book that stated that as you don't know what the next trade coming in is going to be, as in buy or sell, you don't know when it's going to be submitted and you don't know the volume; there is literally no way of knowing whether the market is going to go up or down at any given time. All you know is what the market has already done.

As such all you can do is determine how much you're willing to lose.
  • #702,390
  • Nov 1, 2022 8:50am Nov 1, 2022 8:50am
It's going to start getting jittery now
  • #702,391
  • Nov 1, 2022 8:50am Nov 1, 2022 8:50am
whenever you see a clean drop as indicated by the arrow and also the impossibility of filling according to the black line, and the return invades the area, retreat from the green dots by 40%. I may be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (5231)_LI.jpg Size: 417 KB
POSTMASTER
  • #702,392
  • Nov 1, 2022 8:50am Nov 1, 2022 8:50am
Hey JUDE,
long time didn't hear you Bro.
Hope everything is back (or almost ) to normal in Sri Lanka.

Did you managed to escape on the last minute attempt with Raja Paksa ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,393
  • Nov 1, 2022 8:51am Nov 1, 2022 8:51am
Quoting navk
Going to sleep now guys. Over trading is injurious to health as well as account. My bias is short.... will be trying to sell in NY when i come back in NY session. I was always selling spike high.... today except the first set of trades in asia, long trades. That was the main trade though {image}
Nothing to trade in NY.

Keeping quiet, Preserving account.

Intraday only.
  • #702,394
  • Nov 1, 2022 8:53am Nov 1, 2022 8:53am
Quoting dantpm
{quote} 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!

Central Bank has the power.
Institutional Traders have money.

You are right 100% that Central Bank can do it by their own without Institutional Traders. But are you sure Central Bank will crash this pair before Institutional traders place their trades?

And what I said early is just my analysis. Not 100% sure market need above 1.165 to crash this pair because it might already have enough liquidity somewhere below this price which Institutional Traders are looking for that I can’t see on my chart.
With courage, patience, and discipline, success is a matter of time.
  • #702,395
  • Nov 1, 2022 8:53am Nov 1, 2022 8:53am
Quoting Robinhood1
whenever you see a clean drop as indicated by the arrow and also the impossibility of filling according to the black line, and the return invades the area, retreat from the green dots by 40%. I may be wrong {image}
No scammer will get you, impossible to manipulate dramartically the structure
POSTMASTER
  • #702,396
  • Nov 1, 2022 8:55am Nov 1, 2022 8:55am
Quoting Robinhood1
whenever you see a clean drop as indicated by the arrow and also the impossibility of filling according to the black line, and the return invades the area, retreat from the green dots by 40%. I may be wrong {image}
Drop must always be in the other direction
POSTMASTER
  • #702,397
  • Nov 1, 2022 8:57am Nov 1, 2022 8:57am
Quoting MrFanciful
{quote} Read a trading book that stated that as you don't know what the next trade coming in is going to be, as in buy or sell, you don't know when it's going to be submitted and you don't know the volume; there is literally no way of knowing whether the market is going to go up or down at any given time. All you know is what the market has already done. As such all you can do is determine how much you're willing to lose.
That was just an analogy for trading...

You mean like this ?.
Make it tiny Stop loss and large reward.

Just don't put 100 pips SL like Karen did.
It's 70/30 trade on this.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 289.jpg Size: 152 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,398
  • Nov 1, 2022 9:02am Nov 1, 2022 9:02am
Quoting navk
{quote} Nothing to trade in NY. Keeping quiet, Preserving account.
TheWolf said sell , i sold
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 26 KB
  • #702,399
  • Nov 1, 2022 9:03am Nov 1, 2022 9:03am
That was a much smaller reaction that I thought it would be
  • #702,400
  • Nov 1, 2022 9:05am Nov 1, 2022 9:05am
Quoting MrFanciful
That was a much smaller reaction that I thought it would be
patiencefx
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