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Cable Update (GBPUSD)

  • #703,081
  • Nov 3, 2022 3:06am Nov 3, 2022 3:06am
Quoting Headland
{quote} Lol, I doubt it.
after strong moves like these it is always advisable to let the ripples calm down first

those who rushed to counter trade ....... well ........
  • #703,082
  • Nov 3, 2022 3:09am Nov 3, 2022 3:09am
I think the Pound could be heading to the dumpsters for a new yearly low perhaps
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #703,083
  • Nov 3, 2022 3:09am Nov 3, 2022 3:09am
Quoting navk
{quote} I usually set stops. All trades need not be correct.
Yeh you are right buddy but Cation...
See your post https://www.forexfactory.com/thread/...2#post14207452
n mine soon after https://www.forexfactory.com/thread/...2#post14207452

Trade Safe
  • #703,084
  • Nov 3, 2022 3:10am Nov 3, 2022 3:10am
Quoting PatienceFx
{quote} after strong moves like these it is always advisable to let the ripples calm down first those who rushed to counter trade ....... well ........
dow jones showing signs of profit booking
Attached Image (click to enlarge)
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  • #703,085
  • Nov 3, 2022 3:11am Nov 3, 2022 3:11am
... the force is strong with the bears so far!

4hr below
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Trader with an Edge.
  • #703,086
  • Nov 3, 2022 3:12am Nov 3, 2022 3:12am
Quoting RaHaG0D
If the 4H candle closes below 1.13800-1.13340, we can be more sure of the continuation of the downward trend, although I think that the upcoming news for the pound will push the price up again My plan today is to buy. Of course, I will buy lightly today because I see the downward trend stronger so that I can switch to sell if my analysis is wrong {image} {image}
If 1.13200 is not broken & the price returns, I will start buying, otherwise I will buy in the range of 1.12800-1.1300.
Good luck everyoneDon't forget Money management. Saving capital is more important than entry point & profit
There is nothing wrong with being kind & loving to each other
  • #703,087
  • Nov 3, 2022 3:12am Nov 3, 2022 3:12am
BBC

  1. The Bank of England is expected to announce the biggest hike in interest rates for 33 years at 12:00 GMT today
  2. Analysts predict an increase of up to 0.75 percentage points, taking rates up from 2.25% to 3%

Good trading to you all

  • #703,088
  • Nov 3, 2022 3:13am Nov 3, 2022 3:13am
This GU falling, and UJ rising has little to do with Yen or GBP, is USDX calling the moves. If USDX wants to come back and revisit the 112 line, then there will be chances on GU and UJ. If USDX keeps going up, then so will UJ and GU will continue to drop. Or at least that's how I see things, so that's how I will trade for now

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #703,089
  • Nov 3, 2022 3:14am Nov 3, 2022 3:14am
I was listening to Peter Schiff's podcast last week and he said that it's likely that the US government will break through the $35 trillion debt level next year and if/when the Fed raise rates to 6% on that level of debt, the amount of money required to service just the interest on that debt will exceed the entire federal tax revenue, and be more than the budgets for the military, social security and education combined.

Keep that in mind when people are buying dollars and US Treasuries.

Now the UK is in a bad place, but it's certainly not as bad as that.
  • #703,090
  • Nov 3, 2022 3:15am Nov 3, 2022 3:15am
Gbpusd continues down through 1.13200 in my opinion
  • #703,091
  • Nov 3, 2022 3:15am Nov 3, 2022 3:15am
alright guys, time for my lunch break and siesta till BOE

.........................
  • #703,092
  • Nov 3, 2022 3:17am Nov 3, 2022 3:17am
Gbpjpy continues down
  • #703,093
  • Nov 3, 2022 3:17am Nov 3, 2022 3:17am
Attached Image (click to enlarge)
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  • #703,094
  • Nov 3, 2022 3:17am Nov 3, 2022 3:17am
4H GU chart
possible support
Attached Image (click to enlarge)
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!! Radha Radha !!
  • #703,095
  • Nov 3, 2022 3:19am Nov 3, 2022 3:19am
Quoting MrFanciful
I was listening to Peter Schiff's podcast last week and he said that it's likely that the US government will break through the $35 trillion debt level next year and if/when the Fed raise rates to 6% on that level of debt, the amount of money required to service just the interest on that debt will exceed the entire federal tax revenue, and be more than the budgets for the military, social security and education combined. Keep that in mind when people are buying dollars and US Treasuries. Now the UK is in a bad place, but it's certainly not as bad...
There will come a day of reckoning for all fiat currencies with a fractional reserve monetary system, and it won't be pretty, but rather than let the 'civilised' west collapse they'll knock a nought off all debt or something.
Trader with an Edge.
  • #703,096
  • Nov 3, 2022 3:20am Nov 3, 2022 3:20am
Quoting Moty
some platforms show that the gap not closed ny less then a pip investing shows that it is close i am short on the aussie because i lost most of my equity , and i don't have enough to buy even 0.10 lot on the gu that give 1 $ profit or loss per pip the aussie cost less , so i am short on it adr 97 is more then enough for me let's go aussie , i mean dollar {image} {image}
You need a bigger One THIS time my friend(Hammer) AU n NZ are the strongest at the moment compared to other currencies. Late Tonight/Tomorrow i think they both should drop hard cause UC is staging a comeback n that too should happen tomorrow.

Trade Safe
  • #703,097
  • Nov 3, 2022 3:21am Nov 3, 2022 3:21am
Second buy manually entered... At 1.1316 all target now 1.1374.
Data + Stat + Risk/Emotions Management
  • #703,098
  • Nov 3, 2022 3:24am Nov 3, 2022 3:24am
.1280 is the number
  • #703,099
  • Nov 3, 2022 3:24am Nov 3, 2022 3:24am
Moty Audusd at support at 0.63060
  • #703,100
  • Nov 3, 2022 3:25am Nov 3, 2022 3:25am
Quoting Georginson
Second buy manually entered... At 1.1316 all target now 1.1374.
G/L, ...have a short running but much good the longs have down me, -5,-5, +8...so looking for next one now lol!
Trader with an Edge.
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