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Cable Update (GBPUSD)

  • #703,201
  • Nov 3, 2022 4:42am Nov 3, 2022 4:42am
Quoting PatienceFx
{quote} let us se how much we bounce before dropping again {image}
100
  • #703,202
  • Nov 3, 2022 4:43am Nov 3, 2022 4:43am
Quoting dantpm
{quote} Why do you think the US government keeps assassinating world leaders who want to trade oil for something other than US $ (like Yuan, EU, Gold, and so on)?
Absolutely....they will not give it up without a fight.
I am neither brave nor stupid...I am just a part time trader
  • #703,203
  • Nov 3, 2022 4:43am Nov 3, 2022 4:43am
Quoting PatienceFx
{quote} let us se how much we bounce before dropping again {image}
There were good regular bullish div entries on 1min and 3min and on 5min we had the histo osc not getting back below it's zero axis re the div - mostly a good sign for a counter move/trend entry, scalp+

5min below
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Trader with an Edge.
  • #703,204
  • Nov 3, 2022 4:43am Nov 3, 2022 4:43am
my tp is daily s1 , 1.13000-1.13167
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yes yes yes
  • #703,205
  • Nov 3, 2022 4:44am Nov 3, 2022 4:44am
Quoting PatienceFx
the drop started yesterday {image}
look i used thewolf template i shared yesterday

https://www.forexfactory.com/thread/...5#post14206365

only 20 people used it, see results now .................
  • #703,206
  • Nov 3, 2022 4:44am Nov 3, 2022 4:44am
Attached Image (click to enlarge)
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  • #703,207
  • Nov 3, 2022 4:45am Nov 3, 2022 4:45am
Quoting OragonFx
{quote} I also trade gold and for the next support for that bad boy is 1570. How can dollar be so strong when it keeps printing money? Where the value at?
They're raising rates. Higher the INTEREST rates, higher the demand for said currency. I understand little about it and even less from what I think I understand.

Just my guess. This is what economists say is the process. Not an economist..

It attracts people to save money in US Dollars. Bank will pay you 4% every year on total amount in savings.

Now, with inflation higher, USD isn't worth as much, however you'll still get that 4% a year nonetheless.

Now, if you have a Million, you'll get 40 000 USD every year as it stands now by doing nothing, just saving in USD.

All of this that I just said could be hogwash, I don't know...
  • #703,208
  • Nov 3, 2022 4:46am Nov 3, 2022 4:46am
nice strategy
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yes yes yes
  • #703,209
  • Nov 3, 2022 4:46am Nov 3, 2022 4:46am
...23.6% of today's current hi-lo is @ 1285/86.

1hr below
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Trader with an Edge.
  • #703,210
  • Nov 3, 2022 4:47am Nov 3, 2022 4:47am
Quoting PatienceFx
{quote} look i used thewolf template i shared yesterday https://www.forexfactory.com/thread/...5#post14206365 only 20 people used it, see results now .................
Hahahah.. well done, well done!
I'm not sharing anything anymore, you people earned enough..

LoL

But, seriously. I had nothing to do with it, it's what you came up with that gave you pips.
  • #703,211
  • Nov 3, 2022 4:47am Nov 3, 2022 4:47am
...4hr showing the current pot sbr

4hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #703,212
  • Nov 3, 2022 4:49am Nov 3, 2022 4:49am
Quoting BigNumbers
Price is now retracting.. Caution

Retracement failed... Check the 5 mins.. Price going down again
My telegram: https://t.me/avidforex
  • #703,213
  • Nov 3, 2022 4:51am Nov 3, 2022 4:51am
Quoting Indiara
{quote} Absolutely....they will not give it up without a fight.
Two weeks ago Saudi Arabia just showed the west who really control OPEC, when they decide to cut oil production
More time in the market, does not mean you trade better!
  • #703,214
  • Nov 3, 2022 4:51am Nov 3, 2022 4:51am
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again
maybe yes maybe not.

dont be sure even if we will get new low, liquidity is around here.. i can smell it
  • #703,215
  • Nov 3, 2022 4:52am Nov 3, 2022 4:52am
The only reason price is at this level is because BoE intervened. Real price is much lower..
  • #703,216
  • Nov 3, 2022 4:52am Nov 3, 2022 4:52am
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again


Failed retracement chart analysis on the 5min
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.png Size: 18 KB
My telegram: https://t.me/avidforex
  • #703,217
  • Nov 3, 2022 4:55am Nov 3, 2022 4:55am
Quoting TheWolf
{quote} Hahahah.. well done, well done! I'm not sharing anything anymore, you people earned enough.. LoL But, seriously. I had nothing to do with it, it's what you came up with that gave you pips.
i know its pure rsi

i just plotted it on price chart and named the template
  • #703,218
  • Nov 3, 2022 4:55am Nov 3, 2022 4:55am
Gbpchf short at 1.14100
  • #703,219
  • Nov 3, 2022 4:55am Nov 3, 2022 4:55am
Client Sentiment.. 65% of the traders net long on GBP/USD.. I said when the number gets to 65% it's bye bye.. great opportunity for banks to wipe off buyers.. last week there were around 53% then 59% and now 65%..
  • #703,220
  • Nov 3, 2022 4:56am Nov 3, 2022 4:56am
A new H4 candle opens in 5 mins.. stay glue to your chart...
My telegram: https://t.me/avidforex
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