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Cable Update (GBPUSD)

  • #703,101
  • Nov 3, 2022 3:27am Nov 3, 2022 3:27am
Long 1.1300
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #703,102
  • Nov 3, 2022 3:27am Nov 3, 2022 3:27am
Quoting Headland
{quote} G/L, ...have a short running but much good the longs have down me, -5,-5, +8...so looking for next one now lol!
even the tower of Pisa is leaning ............
  • #703,103
  • Nov 3, 2022 3:29am Nov 3, 2022 3:29am
Quoting Indiara
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 {image}
Started checking USDX when you said that back in september

Continuation?
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No pen no gen
  • #703,104
  • Nov 3, 2022 3:30am Nov 3, 2022 3:30am
Now obvious BOE will raise the price up... 320 pips done this week so far
Data + Stat + Risk/Emotions Management
  • #703,105
  • Nov 3, 2022 3:31am Nov 3, 2022 3:31am
All you need to do is ask yourself...If the dollar wasn't so good, why would there be so many of them?
  • #703,106
  • Nov 3, 2022 3:32am Nov 3, 2022 3:32am
Quoting MrFanciful
All you need to do is ask yourself...If the dollar wasn't so good, why would there be so many of them?
Lol
------------------

approaching 2 x fibs @ top of a prev 1hr/4hr sw hi then lo zone....Dly S2 runs thru it @/around 1270. It extends down to 1259. 132pips hi-lo so far today.
Trader with an Edge.
  • #703,107
  • Nov 3, 2022 3:33am Nov 3, 2022 3:33am
Seeing a potential rebound up...

Positioning a buy at low 1.12...

Just sharing.
"No trade is still a trade." - Peter Borish
  • #703,108
  • Nov 3, 2022 3:35am Nov 3, 2022 3:35am
Quoting Yngwie
Long 1.1300
Hit SL.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #703,109
  • Nov 3, 2022 3:36am Nov 3, 2022 3:36am
Gold Short
sl 1628.40

I'm anticipating price to break the support below @1622.57
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #703,110
  • Nov 3, 2022 3:37am Nov 3, 2022 3:37am
I repeat my post from earlier but scenario f. added:

...Round 2 of 3 today re Boe Mpc.

Here are the most probable scenarios, feel free to comment;

a. +0.75 and no signal of slowing down rate rises - potential £ strength?
b. +0.75% but Bank signals it's a 'one-off' and will return to more ' normal ' +0.5 or even more normal ++0.25% in future rises. Market reaction - ?
c. +0.5% - potentially market disappointed - £ weakness?
d. +0.75% but Bank signals that it will keep a 'special' eye on other things that might be tipping us into recession as well - Market reaction - ?
e. +0.75% but vote is split - Market reaction - ?
f. +0.5% but vote is split - Market reaction - probable £ weakness?

Anything can happen, trade what you see.
Trader with an Edge.
  • #703,111
  • Nov 3, 2022 3:38am Nov 3, 2022 3:38am
Quoting OragonFx
{quote} Started checking USDX when you said that back in september Continuation? {image}
USDX is a valuable tool when trading USD crosses, imo
I am neither brave nor stupid...I am just a part time trader
  • #703,112
  • Nov 3, 2022 3:39am Nov 3, 2022 3:39am
Quoting Jollson
{quote} 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
you are right
gu is down 100 pips from daily open and aussie is only 40 regardless to each adr
i will close all position when gu will hit 1.12728
Attached Image (click to enlarge)
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yes yes yes
  • #703,113
  • Nov 3, 2022 3:39am Nov 3, 2022 3:39am
I have a GU Sell, just a little 20 pips sell as part of the testing for next years adventure. Is still live, but 20 pips is my target

Edit...wrong chart ... Fixed now

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #703,114
  • Nov 3, 2022 3:40am Nov 3, 2022 3:40am
Had I stayed Short I would have 100 pips.
So, what is the lesson fellas?

Lesson is, never trade!

...

At least USD/JPY will reach 150 again.. another opportunity.
  • #703,115
  • Nov 3, 2022 3:41am Nov 3, 2022 3:41am
Quoting TheWolf
Had I stayed Short I would have 100 pips. So, what is the lesson fellas? Lesson is, never trade! ...
I have a 'shoulda, woulda, coulda' file as well lol!
Trader with an Edge.
  • #703,116
  • Nov 3, 2022 3:44am Nov 3, 2022 3:44am
good luck.
still not trading.
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  • #703,117
  • Nov 3, 2022 3:45am Nov 3, 2022 3:45am
Quoting BigNumbers
{quote} After the break of 1.12900.. There is a big short to the downside... to 1.11111 Mark these point on your chart and watch price reaction... High volume area where price don't range... {image}

After 1.12900 I saw another significant level @ 1.12635 to watch after this then 1.11111
Attached Image (click to enlarge)
Click to Enlarge Name: level.png Size: 20 KB
My telegram: https://t.me/avidforex
  • #703,118
  • Nov 3, 2022 3:45am Nov 3, 2022 3:45am
Quoting RaHaG0D
{quote} 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
Long at 1.12807 - I will add at a lower price
There is nothing wrong with being kind & loving to each other
  • #703,119
  • Nov 3, 2022 3:46am Nov 3, 2022 3:46am
Quoting TheWolf
Actually, I forgot about this line. So, last S is actually not 1.125 but ~1.116. Anyway, I'm out.. coffee is calling my name.. {image}
Getting closer.. to 1.125 S2
  • #703,120
  • Nov 3, 2022 3:46am Nov 3, 2022 3:46am
Quoting Indiara
{quote} USDX is a valuable tool when trading USD crosses, imo
You have to be careful. The correlation is not 1:1! It also changes depending on what is happening. It is a useful indicator!
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