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Cable Update (GBPUSD)

  • #703,141
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
Quoting PatienceFx
{quote} halala & jhatka have a difference, what is it
When did religion came into this you moron idiot
  • #703,142
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
Long 1.1250 with 200pips sl 500pips tp

risk 1%
MY OPINION NOT FINANCIAL ADVISE
  • #703,143
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
Do you trust the stochastic divergence at a level of support on the 1 hour?
  • #703,144
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
intraday clearly overextended, + bullish div
Spike to 11330/40 , even to 11375/85 during BOE ?

Equities not selling off, BOE will bring back risk on?
COT: The precious data ignored
  • #703,145
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
Quoting RaHaG0D
{quote} Long at 1.12807 - I will add at a lower price
Add long at 1.12600
There is nothing wrong with being kind & loving to each other
  • #703,146
  • Nov 3, 2022 4:01am Nov 3, 2022 4:01am
Quoting Indiara
{quote} Does your broker not provide this for you?
Will try to look for it. Thanks!
"No trade is still a trade." - Peter Borish
  • #703,147
  • Nov 3, 2022 4:02am Nov 3, 2022 4:02am
Quoting Headland
{quote} 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.
let us count number of people who were buying cable ...........
  • #703,148
  • Nov 3, 2022 4:02am Nov 3, 2022 4:02am
Quoting Yngwie
LOng 1.1253 SL 1.1230

Quoting navk
long now. stop 1250 for today.
No pen no gen
  • #703,149
  • Nov 3, 2022 4:02am Nov 3, 2022 4:02am
Quoting OragonFx
It keeps falling, adr almost reached with no breather wth, strong pull back on BOE announcement? {image}
I probably will not be able to stay awake until the announcement, but todays action is making me feel better, so maybe I will try!
I am neither brave nor stupid...I am just a part time trader
  • #703,150
  • Nov 3, 2022 4:02am Nov 3, 2022 4:02am
Quoting Pat Chiko
{quote} GU Trying some luck here. Scalping LONG pre -BoE Official Bank Rate{image}
GU

Came back saw all position stopped out....
Unlucky trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 302.jpg Size: 155 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #703,151
  • Nov 3, 2022 4:03am Nov 3, 2022 4:03am
...1250 the current dly lo. price poked it's nose just under that aforementioned 1hr/4hr zone that extended down to 1257. 177pip move hi-lo so far today - 75% 30day adr.
Trader with an Edge.
  • #703,152
  • Nov 3, 2022 4:03am Nov 3, 2022 4:03am
Quoting mrfanciful
do you trust the stochastic divergence at a level of support on the 1 hour?

first confirm the trend on higher tf
MY OPINION NOT FINANCIAL ADVISE
  • #703,153
  • Nov 3, 2022 4:05am Nov 3, 2022 4:05am
GU close below 1.12600
GU SHORT AGAIN use tight stop because prices have sold much for the day...
If 1.12604 turns resistance price is going to fall gravitationally..
Attached Image (click to enlarge)
Click to Enlarge Name: gu short.png Size: 25 KB

Good luc
My telegram: https://t.me/avidforex
  • #703,154
  • Nov 3, 2022 4:05am Nov 3, 2022 4:05am
Quoting MrFanciful
Do you trust the stochastic divergence at a level of support on the 1 hour?
divergence do not work... indicators moves in certain range ( Max level and Min Level is set for every indicator ) so it shows divergence..... never trade any indicator on divergence
!! Radha Radha !!
  • #703,155
  • Nov 3, 2022 4:06am Nov 3, 2022 4:06am
Quoting navk
BOE announcement came or what ?
It shouldn't have come yet..
I think this Sell is just a continuation of Powell's hawkishness yesterday, when he said that Fed is nowhere near pivot.

This kind of hawkishness wasn't expected by the market.
Fed members were wrong intentionally or unintentionally when they said Fed is gonna pivot.. Powell just did 180 yesterday and said many were wrong to think Fed will pivot. Inflation is out of hand, rate hikes will not slow down. To use Powell's words, doing nothing is worse than doing something even if we get ahead of ourselves..

They'll keep raising rates until they destroy economy, I think this is what Powell said, not in that way of course..

Now, I don't know if BoE's decision even matters anymore..
It will short term but long term USD will continue to appreciate no matter what happens today.

A new wave of USD bulls just started.
  • #703,156
  • Nov 3, 2022 4:08am Nov 3, 2022 4:08am
Quoting suhas316
{quote} divergence do not work... indicators moves in certain range ( Max level and Min Level is set for every indicator ) so it shows divergence..... never trade any indicator on divergence
I think you mean it hasn't worked for you. I've been using it successfully as a part of my edge for 20years! Also, you don't necessarily need to set a max and a min for each indicator.

Bad advice although I am sure well-meaning.
Trader with an Edge.
  • #703,157
  • Nov 3, 2022 4:08am Nov 3, 2022 4:08am
GU : LOW.

OK BUY

Attached Image(s) (click to enlarge)
Click to Enlarge Name: HL.jpg Size: 142 KB
Click to Enlarge Name: LOW BUY.jpg Size: 153 KB
  • #703,158
  • Nov 3, 2022 4:08am Nov 3, 2022 4:08am
Quoting AlfieSolomon
{quote} When did religion came into this you moron idiot
Quote with proof where and n whioch book is this written
because I have read and know each verse by heart , each letter.
  • #703,159
  • Nov 3, 2022 4:08am Nov 3, 2022 4:08am
Quoting Indiara
{quote} Well that did not take long. I just move SL to protect and then TP hit. So this is the target of the day achieved and I will enter this into the database. By the end of this month I will have a good idea if I can do this for a whole year and make some good money. Just have to stay in the long grass and be patient. M5 chart so you can see {image}
I suppose that now I look back, instead of setting TP for +20, I could have been a bit more adventurous and brought the SL to +20, then I could get extra pips for free. It may not matter in this trade because I would still target S2, but is something to think about as this experiment continues. Anything over +20 will have a major influence on the total after 12 months. This is so interesting
I am neither brave nor stupid...I am just a part time trader
  • #703,160
  • Nov 3, 2022 4:10am Nov 3, 2022 4:10am
Usdjpy watching a key level 148.100
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