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Cable Update (GBPUSD)

  • #703,581
  • Edited 6:32pm Nov 3, 2022 6:18pm | Edited 6:32pm
L 1151 TP1280
I will manage the position up to 1091x
keeping target 1280
  • #703,582
  • Nov 3, 2022 6:30pm Nov 3, 2022 6:30pm
Quoting Jolita
{quote} Sorry Moty, not funny, but your post made me lough those pivots...
I find that horizontal lines are great places to buy or sell, especially those deemed as STRONG support or resistance

It takes a lot for me to IGNORE you, but you can try.
  • #703,583
  • Nov 3, 2022 6:33pm Nov 3, 2022 6:33pm
Let’s see if we can get below 111. Although being a Friday we could see an up swing.
Insane in the Brain..
  • #703,584
  • Nov 3, 2022 6:46pm Nov 3, 2022 6:46pm
My gbpusd day trading, I think we can might see 1.09 if this turns into 'black friday' Bold guess yeah, but then might start next week.
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  • #703,585
  • Nov 3, 2022 6:53pm Nov 3, 2022 6:53pm
Yields up first hour of trading, I expect much higher yields and it might crash market.
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  • #703,586
  • Edited 10:59pm Nov 3, 2022 7:01pm | Edited 10:59pm
Quoting Lekkim
My gbpusd day trading, I think we can might see 1.09 if this turns into 'black friday' Bold guess yeah, but then might start next week. {image}
Given the break of trendline support and divergence between the Fed and BOE, in terms of outlook for their respective rate hike paths, cable could extend this move lower over the near-term.

While we may see some buyers may step in to try and support the pair around 1.1061 as they did a couple of weeks ago, the next major support level does seem to be just above 1.09 as you pointed out.

All trading carries risk, but it will be interesting to see how this plays out ahead of the weekend.
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  • #703,587
  • Nov 3, 2022 7:14pm Nov 3, 2022 7:14pm
Quoting TheWolf
{quote} 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!

As a newbie I am curious to see your Newbie charts tomorrow as well as the 5M chart.

I am also anxious to see your system. Will certainly be a kindness on your part to share it. I will be much obliged to see what you are seeing.
You are a good trader even if you are a newbie... My hat's off to you sir.

May the pips be with you!
  • #703,588
  • Nov 3, 2022 7:29pm Nov 3, 2022 7:29pm
Yields are down again, not good for bears... I'm down 35 pips on my GU on my high lev short, I will stand my ground margin call or not haha
  • #703,589
  • Nov 3, 2022 7:29pm Nov 3, 2022 7:29pm
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No pen no gen
  • #703,590
  • Nov 3, 2022 7:37pm Nov 3, 2022 7:37pm
Hello Tokyo traders

I had another epic sleep last night and I feel a little better, but Covid is still in me. I will have a look at Tokyo market for a while and see if I can find something to trade
I am neither brave nor stupid...I am just a part time trader
  • #703,591
  • Nov 3, 2022 7:46pm Nov 3, 2022 7:46pm
I'm leveraged 1:300 and I invested my entire rent and income this month. Current positions: cad/jpy short, gbp/usd short and usd/cad long. Wish me luck fellow traders. Cheers
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  • #703,592
  • Nov 3, 2022 7:58pm Nov 3, 2022 7:58pm
Quoting Lekkim
I'm leveraged 1:300 and I invested my entire rent and income this month. Current positions: cad/jpy short, gbp/usd short and usd/cad long. Wish me luck fellow traders. Cheers {image} {image}
OMG.......this is a very bold move. I wish for you all the luck in the world
I am neither brave nor stupid...I am just a part time trader
  • #703,593
  • Nov 3, 2022 8:01pm Nov 3, 2022 8:01pm
Quoting Erebus
{quote} I find that horizontal lines are great places to buy or sell, especially those deemed as STRONG support or resistance
I agree. Point of indicator direction.
You missed to add Cable Update as an option. You know what I mean.
  • #703,594
  • Nov 3, 2022 8:09pm Nov 3, 2022 8:09pm
Quoting Indiara
{quote} OMG.......this is a very bold move. I wish for you all the luck in the world
Thank you. It's by the way amazing to see girls in forex. Green pips for you #waifu
My father had a card holder with the words: No guts no glory. I guess you have to take calculated risk when your personal finances are unstable.
  • #703,595
  • Nov 3, 2022 8:16pm Nov 3, 2022 8:16pm
Quoting TheWolf
{quote} I'll keep that in mind. It is strange, I feel something's not right.. China and Japan could retire USD for example if they wish so.. they have soooo much reserves in USD it's not even funny. That's why I'm waiting for these Elections. China is not on good terms with currect USA leaders..
In truth China never really on good terms with anybody
  • #703,596
  • Nov 3, 2022 8:16pm Nov 3, 2022 8:16pm
Quoting Lekkim
{quote} Thank you. It's by the way amazing to see girls in forex. Green pips for you #waifu My father had a card holder with the words: No guts no glory. I guess you have to take calculated risk when your personal finances are unstable.
I don't know why there are not more girls here also. Trading is something that anyone can learn if they put in the effort.

Your fathers card holder is indeed one way to look at this. Another way is that ' I fill the bucket, one drop at a time. Soon it will be full.'
I am neither brave nor stupid...I am just a part time trader
  • #703,597
  • Nov 3, 2022 8:16pm Nov 3, 2022 8:16pm
Quoting Lekkim
I'm leveraged 1:300 and I invested my entire rent and income this month. Current positions: cad/jpy short, gbp/usd short and usd/cad long. Wish me luck fellow traders. Cheers {image} {image}
That is just plain stupid
How to succeed in zero sum game?
  • #703,598
  • Nov 3, 2022 8:19pm Nov 3, 2022 8:19pm
Quoting Lekkim
{quote} British prime minister situation and I think they will be 'punished' on the forex market because of brexit. Also if you see previous chart, their interest rate is in the high end already. 3,73% at this moment, real estate be careful
Yes, saving inflation from rising through home owners pockets. Mad times now and ahead. Already trouble to buy properties, mortage rates rising on every burp.

Good info you've shared today, only you can not buy USD and JPY same time.
  • #703,599
  • Nov 3, 2022 8:27pm Nov 3, 2022 8:27pm
Quoting Jolita
{quote} Yes, saving inflation from rising through home owners pockets. Mad times now and ahead. Already trouble to buy properties, mortgage rates rising on every burp. Good info you've shared today, only you can not buy USD and JPY same time.
Society have been going from zero interest rates to 4% in just one year. Here in my country Denmark housing prices already take a hit. A lot of homeowners have 1-5 year mortgages. This could be a 2007 all over again. Yes real estate normally rise with inflation, but when it's crashing it can take 10-20% hit like 07. Thank you for appreciating my rates charts, I can help any set it up if u like, it's a good indicator. You can buy usd and jpy at the same time if you look over the 28 pairs of the 8 currencies. In my instance I sell gbpusd and cadjpy, that means buying usd and jpy and selling cad and gpy, you know what I mean.
  • #703,600
  • Nov 3, 2022 8:44pm Nov 3, 2022 8:44pm
Quoting Pat Chiko
{quote} GU Stalling, not going anywhere. Hold until H4 closed on SL taken out.{image}
GU

Partial TP
Open position to target at LO.
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What Manipulator are thinking now...........
Friday NFP day.
Watch for Pump then dump then pump into NFP
Then dump into next Tuesday elections then pump after
Then go flat...
I come from the future.
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