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Cable Update (GBPUSD)

  • #703,521
  • Nov 3, 2022 1:45pm Nov 3, 2022 1:45pm
Easiest time to make money has just come..
Hint: Buy USD against everything..

Tommorow is Friday, I expect a good Weekly retracement after which even banks won't take me out of my short orders once they're activated..
I'll wait for Elections actually because I don't know what on Earth will happen to the USD on that day. After that, I mean.. I'll start buying USD against every pair.
Smaller lot size, easy.. after a few weeks I should have a thousand or two worth of pips.. just my take on this..

Monday and Tuesday are probably going to be a trash days where price will range until Elections..
  • #703,522
  • Nov 3, 2022 1:46pm Nov 3, 2022 1:46pm
Quoting thevisitor
{quote} Moty, i have no clue abot your indicators . Obviously they are not showing a buy signal..
I fired the pivot, he was the one who told me to buy there
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yes yes yes
  • #703,523
  • Nov 3, 2022 1:52pm Nov 3, 2022 1:52pm
Quoting Moty
{quote} I fired the pivot, he was the one who told me to buy there {image}
much better now
  • #703,524
  • Nov 3, 2022 1:53pm Nov 3, 2022 1:53pm
Elections could create a complete chaos this time and I won't have an open trade on that day.. who knows what can happen.. highly irrational price action is possible on that day if not some crash happening..
  • #703,525
  • Nov 3, 2022 1:54pm Nov 3, 2022 1:54pm
Quoting TheWolf
Easiest time to make money has just come.. Hint: Buy USD against everything..
I'm confused????

So are you saying: SELL Cable, SELL Euro, SELL Aussie???
...because you never know - until you do!
  • #703,526
  • Nov 3, 2022 1:56pm Nov 3, 2022 1:56pm
Quoting Moty
triple bottom or potential drop ? {image}
You may have a look at weekly S1
Trade your plan
  • #703,527
  • Nov 3, 2022 2:00pm Nov 3, 2022 2:00pm
Quoting TheWolf
Easiest time to make money has just come.. Hint: Buy USD against everything.. Tommorow is Friday, I expect a good Weekly retracement after which even banks won't take me out of my short orders once they're activated.. I'll wait for Elections actually because I don't know what on Earth will happen to the USD on that day. After that, I mean.. I'll start buying USD against every pair. Smaller lot size, easy.. after a few weeks I should have a thousand or two worth of pips.. just my take on this.. Monday and Tuesday are probably going to be a trash...
oh boy my friend, I sure wish that you are right. In my experience, it is never that easy, but I only have my own limited perspective, and I really admire your creativity !

Maybe you want to do some compounding. If that is the case, only have trades in profit when adding new ones. Take what market offers, not try to take what you desire. It is my belief that that would make things much easier on you.

Good luck in your long-term endeavors! May all your hard work bring you lots and lots of your favorite fruit!

P.S I and many other traders never ever take elections into account, not in my 16 years of trading forex, so I wouldnt let it affect your trading decision, but of course I firstly encourage every trader to continue following their own path no matter what. Many paths lead to your Rome !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,528
  • Nov 3, 2022 2:00pm Nov 3, 2022 2:00pm
Moty Audusd longer term trend is down. Short term trend is up.
  • #703,529
  • Nov 3, 2022 2:02pm Nov 3, 2022 2:02pm
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  • #703,530
  • Nov 3, 2022 2:05pm Nov 3, 2022 2:05pm
All falls into places as per my previous drawing on daily chart. Lets wait and see if support 1.11 holds.
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  • #703,531
  • Nov 3, 2022 2:10pm Nov 3, 2022 2:10pm
Quoting thevisitor
{image}
Tomorrow is non-farm payroll, I believe that the data is unlikely to surprise anyone or have any impact on fed interest rates. That said it should be more data supporting a stronger US Dollar and weaker pound.
  • #703,532
  • Nov 3, 2022 2:16pm Nov 3, 2022 2:16pm
Trading= flexibility.
Never focus in one direction!
  • #703,533
  • Nov 3, 2022 2:18pm Nov 3, 2022 2:18pm
Quoting mtako
{quote} oh boy my friend, I sure wish that you are right. In my experience, it is never that easy, but I only have my own limited perspective, and I really admire your creativity ! Maybe you want to do some compounding. If that is the case, only have trades in profit when adding new ones. Take what market offers, not try to take what you desire. It is my belief that that would make things much easier on you. Good luck in your long-term endeavors! May all your hard work bring you lots and lots of your favorite fruit! P.S I and many other traders...
Thanks for these highly kind words! May we both prosper!
  • #703,534
  • Nov 3, 2022 2:19pm Nov 3, 2022 2:19pm
Quoting fxsport
{quote} I'm confused???? So are you saying: SELL Cable, SELL Euro, SELL Aussie???
Uhm..
Don't listen to me though, I'm a newbie still..
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  • #703,535
  • Nov 3, 2022 2:21pm Nov 3, 2022 2:21pm
Quoting Moty
{quote} I fired the pivot, he was the one who told me to buy there {image}

ooo shit ...looks like mofo caught u
Not sure what the FED is trying to do, apart destroy things
  • #703,536
  • Nov 3, 2022 2:24pm Nov 3, 2022 2:24pm
Quoting mtako
price action too smooth, Sold SL15
Quoting mtako
{quote} 15m Hidden divergence short setup failed with eurusd, now gbpusd has a chance. Second time the charm? Or second failure
Quoting mtako
{quote}{quote}Looks like the charm ! entry was 1182, now SL is at BE ! {image}
Sometimes the hidden divergence is so subtle that it beautifully carries its name !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #703,537
  • Nov 3, 2022 2:27pm Nov 3, 2022 2:27pm
Quoting dantpm
{quote} Tomorrow is non-farm payroll, I believe that the data is unlikely to surprise anyone or have any impact on fed interest rates. That said it should be more data supporting a stronger US Dollar and weaker pound.
dantpm,
i am a pure technical trader...go with flow.
Cheers and trade wisely!!
  • #703,538
  • Nov 3, 2022 2:27pm Nov 3, 2022 2:27pm
Quoting TheWolf
{quote} Uhm.. Don't listen to me though, I'm a newbie still.. {image}
How about sell Euro @ 0.9800 and 0.9820

Sell Cable @ 1.1250 and 1.1300
...because you never know - until you do!
  • #703,539
  • Nov 3, 2022 2:30pm Nov 3, 2022 2:30pm
Quoting fxsport
{quote} How about sell Euro @ 0.9800 and 0.9820 Sell Cable @ 1.1250 and 1.1300
My Newbie senses agree!
I'll share my Newbie charts tommorow, with a special twist! I'll include 5M Chart jusr for you folks on Cable Forum!

What more can one ask!?

Considering... time will come when I'll share The System.
Until then..

I have in mind when I'll do it! For those who kindly asked for it, of course.. I feel obligated to share it. It's in my best interest all of us make money!
  • #703,540
  • Nov 3, 2022 2:32pm Nov 3, 2022 2:32pm
Quoting nAVIN2007
{quote} ooo shit ...looks like mofo caught u Not sure what the FED is trying to do, apart destroy things
Fed are beeting Oil prices, as soon dollar is weeker, Oil rise.
Check DXi weekly chart looked clear short before, and now green soldiers rising.
Come on dollar, give us a break.
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