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Cable Update (GBPUSD)

  • #704,721
  • Nov 7, 2022 2:31pm Nov 7, 2022 2:31pm
I am expecting chfjpy to produce a slingshot from around 148.30 to below 147.70 and shoot up to around 148.80 resuming temporarily its uptrend swing
POSTMASTER
  • #704,722
  • Nov 7, 2022 2:35pm Nov 7, 2022 2:35pm
Quoting Robinhood1
I am expecting chfjpy to produce a slingshot from around 148.30 to below 147.70 and shoot up to around 148.80 resuming temporarily its uptrend swing
more likely 2/3 day retracement, sorry
POSTMASTER
  • #704,723
  • Nov 7, 2022 2:42pm Nov 7, 2022 2:42pm
Tp set to 1.15 for my shorts fingers crossed…..
Extreme gut feeling trader
  • #704,724
  • Nov 7, 2022 2:45pm Nov 7, 2022 2:45pm
Quoting Robinhood1
{quote} more likely 2/3 day retracement, sorry
Target could be filling that gap. I may be wrong.
Attached Image (click to enlarge)
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POSTMASTER
  • #704,725
  • Nov 7, 2022 2:51pm Nov 7, 2022 2:51pm
Quoting Georginson
{quote} That's simply because most traders that lose don't post losses, while few that win gladly post profits. How about showing some emotional intelligence in this thread by posting strategies and chart set up only instead of showing profits or losses... Just saying, no intent to attack or confront anyone. Cheers.
Heres a little method for self study and demo for interested parties:
https://www.forexfactory.com/thread/...o-read-markets
every Saint has a past. Every Sinner has a Future
  • #704,726
  • Nov 7, 2022 2:59pm Nov 7, 2022 2:59pm
Attached Image (click to enlarge)
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Quoting elbert3
Sell back to 1510
As above target hit and a nice entrance from the top and the 5 min rule
  • #704,727
  • Edited 3:46pm Nov 7, 2022 3:01pm | Edited 3:46pm
Quoting montygoldy
Tp set to 1.15 for my shorts fingers crossed…..
Finally some air for my underwater shorts
Extreme gut feeling trader
  • #704,728
  • Nov 7, 2022 3:02pm Nov 7, 2022 3:02pm
go shorty
Attached Image (click to enlarge)
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yes yes yes
  • #704,729
  • Nov 7, 2022 3:11pm Nov 7, 2022 3:11pm
Quoting Moty
go shorty {image}
Hammer time !!!
Insane in the Brain..
  • #704,730
  • Nov 7, 2022 3:12pm Nov 7, 2022 3:12pm
Maybe a retracement to around 1.1529 before going a bit lower. I may be wrong
POSTMASTER
  • #704,731
  • Edited 5:27pm Nov 7, 2022 3:14pm | Edited 5:27pm
Quoting mrluckystar
Hopefully for today and tomorrow... {image}
Good morning...
Next stop 1.1617
Balance point @ 1.1456
Peace Yo!
  • #704,732
  • Nov 7, 2022 3:32pm Nov 7, 2022 3:32pm
Quoting Georginson
I'm getting mixed signals based on this post from yesterday... A dual scenario is playing out now, I will close my sell once price gets back to 1.1500. I will wait for price to trade below 1.1422 tomorrow before pulling the sell trigger, failure to trade below 1.1422 tomorrow will mean 1.1680 - 1.1720 is very much a possibility and I will react accordingly by buying to that area on any pull back above 1.1422... {image}

that’s why I didn’t sell 1.15 I was paying attention to how it close
MY OPINION NOT FINANCIAL ADVISE
  • #704,733
  • Edited 5:27pm Nov 7, 2022 3:47pm | Edited 5:27pm
Still on track for H4 balance cycle projection...
1.1645 at least.
Balance level still can't see yet on H4.
Peace Yo!
  • #704,734
  • Nov 7, 2022 3:53pm Nov 7, 2022 3:53pm
GU looks like good short...for tp as weekly open
COT: The precious data ignored
  • #704,735
  • Nov 7, 2022 3:59pm Nov 7, 2022 3:59pm
Quoting kuroro001
GU looks like good short...for tp as weekly open
Tp open 11385 or the 11298 area it dropped to on opening?
Insane in the Brain..
  • #704,736
  • Nov 7, 2022 4:25pm Nov 7, 2022 4:25pm
Buy GU 1.1510 for 1.16
  • #704,737
  • Nov 7, 2022 4:27pm Nov 7, 2022 4:27pm
Quoting fxsport
{quote} While I understand your points I'm going to take the exact opposite approach. The part about China smashing the dollar - I don't get that so I'll ask for clarification please. US elections - confusion and uncertaininy until Thursday at the earliest; best case scenario: Republicans take control of House and Senate = GRIDLOCK = EQUITY MARKETS LOVE THAT! As for direction - I believe it will be lower on Friday then it is now. Reasoning: 1. US rates will continue to rise despite the talking heads and their PIVOT 2. Cable is overextended and I...
Hi,

China currently is second largest economy and by 2030 will become no 1.
China is massively investing in future green energy.
Hong Kong stocks this morning rose by 2% this morning
  • #704,738
  • Nov 7, 2022 4:31pm Nov 7, 2022 4:31pm
Quoting thevisitor
Buy GU 1.1510 for 1.16
Sl 1.1480
  • #704,739
  • Nov 7, 2022 4:36pm Nov 7, 2022 4:36pm
sell GU 1.15093
sl 1.15738
  • #704,740
  • Nov 7, 2022 4:40pm Nov 7, 2022 4:40pm
Quoting thevisitor
Buy GU 1.1510 for 1.16
Similar, closed my short, going long.
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