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Cable Update (GBPUSD)

  • #706,161
  • Nov 10, 2022 2:36pm Nov 10, 2022 2:36pm
Quoting Pat Chiko
{quote} Interesting enough to see similarity in your analysis with mine, even we are using different tools to analyse the same pairs. I cannot say you copied me coz you've posted 6 mins ahead of mine.... Best Wishes PAT
Pat, that's what I'm saying for years. Any method of TA should bring us to a similar conclusion.
Always trade your own plan...I don't provide trading signals.
  • #706,162
  • Nov 10, 2022 2:36pm Nov 10, 2022 2:36pm
Quoting kuroro001
{quote} I don't believe in it at all Inflation near 8% and bulls calling for FED pivot, with more QE. They are just sick But don't underestimate bear market rallies...they can bring 15/20% in the face before printing new lows again Dollar bulls will suffer if so. I still don't believe in this scenario yet. Dollar bulls got plenty of space left, same as equity bears.
Yeah I have been learning about dark pool trading and how they are used to manipulate stock prices. Swings much bigger than 12-20%! Robo trading as well is a tool used to stimulate markets and manipulate prices. All done in your best interests!
  • #706,163
  • Nov 10, 2022 2:43pm Nov 10, 2022 2:43pm
Over 350 pips up in one day crazy!!keeping shorts running. Hoping to see normality and a correction to the tune of back to 11600 at least. Funny though the Fed got their wish it seems the economy is on track should. Whereas the Uk is up shits creek without a paddle
Insane in the Brain..
  • #706,164
  • Nov 10, 2022 2:51pm Nov 10, 2022 2:51pm
Quoting Georginson
1.1680 attained this week, which now invalidates 1.1075... Now I expect 1.1075 in two weeks time... {image}
Sorry G but with all respect that’s a big call . If if it hits that I will give you trader of the year . Kind regards E
  • #706,165
  • Nov 10, 2022 2:53pm Nov 10, 2022 2:53pm
M1 last spike 1.1730....she whants it...
Out for the week
Good weekend all
  • #706,166
  • Nov 10, 2022 2:53pm Nov 10, 2022 2:53pm
Quoting BeeTogether
Over 350 pips up in one day crazy!!keeping shorts running. Hoping to see normality and a correction to the tune of back to 11600 at least. Funny though the Fed got their wish it seems the economy is on track should. Whereas the Uk is up shits creek without a paddle
Quick question B, are you able to hold for another let's say 60-70 pips?
  • #706,167
  • Nov 10, 2022 2:54pm Nov 10, 2022 2:54pm
Quoting bilal1947
{quote} People who are willing to learn, they should take live trades and show here, how they blow live accounts while learning , - how one can give such toxic advice to newbies. dont see the charts once its already happens, only see when its happening otherwise you cannot learn it is stupidity. and dont miss to look at these trades trying only -400 pips (roughly) draw down and each trade is of 2 lots Sorry to say, this is the future of trading on Forex factory. Cheers Good night {image}
bilal1947, we have many good young guns here who will carry the torch to FF's bright future.
Always trade your own plan...I don't provide trading signals.
  • #706,168
  • Nov 10, 2022 2:55pm Nov 10, 2022 2:55pm
This is a classic acc blowing move . It gets so high and traders just want to go short and just say short with no reason but … I think it’s time to go the other way . Keep to you rules and stops
  • #706,169
  • Nov 10, 2022 2:56pm Nov 10, 2022 2:56pm
Gbpjpy contibues journey upwards
  • #706,170
  • Nov 10, 2022 2:56pm Nov 10, 2022 2:56pm
Sorry not gbpjpy but gbpusd
  • #706,171
  • Nov 10, 2022 2:59pm Nov 10, 2022 2:59pm
Yes a few hundred pips up we go in my opinion
  • #706,172
  • Nov 10, 2022 3:06pm Nov 10, 2022 3:06pm
Quoting Houtbay
Yes a few hundred pips up we go in my opinion
A few hundred pips up or a pull back and then more up?
  • #706,173
  • Edited 3:21pm Nov 10, 2022 3:10pm | Edited 3:21pm
...price has entered the 4hr part (that began @ 1712) of the prev 4hr/dly/minor wkly sw hi zone that extends to 1738 = prev res = pot res....Dly R3 is @/around 1739, then just above that pot res zone is a prev minor 4hr sw hi zone = prev res = pot res that extends to 1763, almost to Mthly R1 which is @/around 1765, with an upside fib circa 1769. These potential res zones are coexistent with a prev dly sw lo zone = prev supp = pot sbr that starts @ 1717 and extends to circa 1753.

Current osc reads: Potential bearish regular div 5min, 15min, 15min, 30min and extreme o/b on 1hr, with o/b on 2hr.

dly below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #706,174
  • Nov 10, 2022 3:13pm Nov 10, 2022 3:13pm
1757 area targeted
  • #706,175
  • Nov 10, 2022 3:27pm Nov 10, 2022 3:27pm
tomorrow it's a deposited day
i will not enter short automatically
Attached Image(s) (click to enlarge)
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yes yes yes
  • #706,176
  • Nov 10, 2022 3:28pm Nov 10, 2022 3:28pm

FOREX LESSONS 'LEARNED' TODAY

Rule #1 Follow the money
Rule # 2 Think about where the money should go, ignore this information and follow Rule #1
  • #706,177
  • Nov 10, 2022 3:28pm Nov 10, 2022 3:28pm
Quoting elbert3
This is a classic acc blowing move . It gets so high and traders just want to go short and just say short with no reason but … I think it’s time to go the other way . Keep to you rules and stops
I think what happens is that oscillators get overbought etc, and adr's get blown, and the mindset changes to ' it can't go any higher - can it? ' which causes some risky shorts by some traders instead of looking for ways back into the move, after a pullback, like the perfect 15min bullish hidden div after the pullback from 1687, shown below.

15min below
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Trader with an Edge.
  • #706,178
  • Nov 10, 2022 3:32pm Nov 10, 2022 3:32pm
Quoting JayBag
{quote} Quick question B, are you able to hold for another let's say 60-70 pips?
yeah I can have enough in the tank till 11900 I believe
Insane in the Brain..
  • #706,179
  • Nov 10, 2022 3:35pm Nov 10, 2022 3:35pm
1.09 is invalidated, welcome 1.1780 this November... But at least 500 pips correction is expected...
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #706,180
  • Nov 10, 2022 3:41pm Nov 10, 2022 3:41pm
Quoting Georginson
1.09 is invalidated, welcome 1.1780 this November... But at least 500 pips correction is expected... {image}
500? Be interested to see if we are going to see a drop below 116 first before 11780
Insane in the Brain..
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