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Cable Update (GBPUSD)

  • #703,161
  • Nov 3, 2022 4:10am Nov 3, 2022 4:10am
Quoting Indiara
{quote} 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!
Im with you, expecting a reversal or pull back and continuation atm
No pen no gen
  • #703,162
  • Nov 3, 2022 4:10am Nov 3, 2022 4:10am
Quoting TheWolf
{quote} That sucks.. you were right about 1.11 it seems.. Way closer than 1.17.
Lots of buyers were trapped up there .. as it stands now, weekly range is already 363 pips equalling ranges of last 3 weeks being between 360 - 390 pips... So a bounce to 1.1400 during BOE cannot be ruled out.
Data + Stat + Risk/Emotions Management
  • #703,163
  • Nov 3, 2022 4:10am Nov 3, 2022 4:10am
Quoting Lbrto
Seeing a potential rebound up... Positioning a buy at low 1.12... Just sharing.
Forgot to add, this is only good until right before the BOE rate decision.

If the 75bp hike is confirmed, it will stay. If it BOE raises lower than expected, all bets are off.
"No trade is still a trade." - Peter Borish
  • #703,164
  • Nov 3, 2022 4:11am Nov 3, 2022 4:11am
i am long also , goodluck to all
the strategy gave 116 pips in the winning trades
and 3 losing trade lost 6-10 pips each one
it's profitable for today evem in the 1m chart
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it's less noisy and clearer at the 5m chart
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yes yes yes
  • #703,165
  • Nov 3, 2022 4:11am Nov 3, 2022 4:11am
Quoting PatienceFx
{quote} Quote with proof where and n whioch book is this written because I have read and know each verse by heart , each letter.
Are we in the religious debate in this group? Or trading forex
  • #703,166
  • Nov 3, 2022 4:12am Nov 3, 2022 4:12am
BUY :

EASY WITH ME.
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  • #703,167
  • Nov 3, 2022 4:13am Nov 3, 2022 4:13am
Quoting Georginson
{quote} Lots of buyers were trapped up there .. as it stands now, weekly range is already 363 pips equalling ranges of last 3 weeks being between 360 - 390 pips... So a bounce to 1.1400 during BOE cannot be ruled out.
I'm with you on this! BoE will give some fresh air to bulls, but how long will it last..
  • #703,168
  • Nov 3, 2022 4:13am Nov 3, 2022 4:13am
Quoting Headland
{quote} 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.
Great for you.... Mostly I do not use any Indicator..... frequently use RSI ... my trading is only based on support and resistance....
!! Radha Radha !!
  • #703,169
  • Nov 3, 2022 4:13am Nov 3, 2022 4:13am
...those last 1hr and gmt+3 4hr candles closed as bearish thrust candles.

4hr below
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Trader with an Edge.
  • #703,170
  • Nov 3, 2022 4:14am Nov 3, 2022 4:14am
Quoting Pat Chiko
{quote} GU Came back saw all position stopped out.... Unlucky trade. {image}
Free fall.
my order hanging there
PA Return Today: na
  • #703,171
  • Nov 3, 2022 4:15am Nov 3, 2022 4:15am
Quoting AlfieSolomon
{quote} Are we in the religious debate in this group? Or trading forex
i knew it
  • #703,172
  • Nov 3, 2022 4:15am Nov 3, 2022 4:15am
Cable still has a few hundred pips down to go
  • #703,173
  • Nov 3, 2022 4:16am Nov 3, 2022 4:16am
free fall ended
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  • #703,174
  • Nov 3, 2022 4:16am Nov 3, 2022 4:16am
Quoting Pat Chiko
{quote} GU - Super Thursday An important of the event for the quarterly monetary policy statement that makes it the “Super Thursday”. Is The “Old Lady” going to do 75 bps rate hike or 50 bps move. ? As the fears of the UK’s recession, the BOE is less likely to impress the GBP/USD by announcing the 75 bps rate hike. If BoE announce an unexpected 50 bps rate lift-off, it would be an outright dovish outcome. Governor Andrew Bailey’s press conference by will be also eagerly awaited. Economists believe that the UK economy is in recession. UK is having...
Jom bang, good level dah
Be like water, my friend!
  • #703,175
  • Nov 3, 2022 4:17am Nov 3, 2022 4:17am
Usdjpy a few hundred points up we go
  • #703,176
  • Nov 3, 2022 4:19am Nov 3, 2022 4:19am
If 1.125 fails, 1.116 is next. If 1.116 (S3) fails, it's game over. I'll go short then until the low ~1.04. As with Euro, parity will be defended so buying at parity is no brainer..

But easy.. until we get to 1.116..

All eyes on BoE's intervention clues after 1.116 falls..

We are slowly getting to those prices where every CB will have to start intervening due to strong USD..
  • #703,177
  • Nov 3, 2022 4:19am Nov 3, 2022 4:19am
I hate placing sl inside the market noise

finding where to put sl is more important than the target
MY OPINION NOT FINANCIAL ADVISE
  • #703,178
  • Nov 3, 2022 4:19am Nov 3, 2022 4:19am
Quoting Moty
{quote} the longs ate my profit from 900 $ equity to 62$ i switched to short aussie at midnight
OUCH!
  • #703,179
  • Nov 3, 2022 4:20am Nov 3, 2022 4:20am
Quoting PatienceFx
{quote} i knew it
Okay let's start then what do you want to know
  • #703,180
  • Nov 3, 2022 4:22am Nov 3, 2022 4:22am
Quoting BigNumbers
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.. {image} Good luc
So this is what the market is fv*kin made up of.. I don blow no worry
My telegram: https://t.me/avidforex
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