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Cable Update (GBPUSD)

  • #706,841
  • Nov 14, 2022 12:03am Nov 14, 2022 12:03am
Quoting PatienceFx
{quote} the reason why i am avoiding shorts is because today is celebrated as trap retail day price will be dropped some then lapped up
on Wednesday we have us retail sales and core retail sales data

this is important for deciding the next fed rate hike
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  • #706,842
  • Nov 14, 2022 12:12am Nov 14, 2022 12:12am
BTC to 13K?
I have buy limit at $13500 on SPOT
More time in the market, does not mean you trade better!
  • #706,843
  • Nov 14, 2022 12:14am Nov 14, 2022 12:14am
Quoting Fardeen1209
BTC to 13K? I have buy limit at $13500 on SPOT
never buy btc when fed is hiking rates - simple rule
  • #706,844
  • Nov 14, 2022 12:20am Nov 14, 2022 12:20am
Quoting PatienceFx
{quote} never buy btc when fed is hiking rates - simple rule
Holding for a very long term which I know will get me more % return than 0.1% in a saving account.
I kept buying at different price levels while we are in a free fall. and will continue doing it even if we go to $2K
More time in the market, does not mean you trade better!
  • #706,845
  • Nov 14, 2022 12:20am Nov 14, 2022 12:20am
Quoting PatienceFx
{quote} never buy btc when fed is hiking rates - simple rule
btc rode the fed liquidity spike, then dropped on rate hikes
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-11-14 at 11-49-32 btc usd chart - Google Search.png Size: 12 KB
  • #706,846
  • Nov 14, 2022 12:23am Nov 14, 2022 12:23am
Quoting PatienceFx
{quote} btc rode the fed liquidity spike, then dropped on rate hikes {image}
BTCs USD value is irrelevant - simple rule
Emotional Control. Process, not outcome.
  • #706,847
  • Nov 14, 2022 12:27am Nov 14, 2022 12:27am
Quoting Konichiwhaat
{quote} BTCs USD value is irrelevant - simple rule

Only when you are buying or selling.
I bought at 26K, now set my buy limit at 13k and get twice the amount of BTC that I bought at 26k. and will continue doing it, cause i always thought i already missed the golden train now getting my chance to jump onto it!
More time in the market, does not mean you trade better!
  • #706,848
  • Nov 14, 2022 12:27am Nov 14, 2022 12:27am
Quoting navk
{quote} 4hr resistance + atleast 30 min resistance confirmed by 4 hr candle
Ok so its 30m not 4h
  • #706,849
  • Nov 14, 2022 12:29am Nov 14, 2022 12:29am
Quoting Konichiwhaat
{quote} BTCs USD value is irrelevant - simple rule
who is this man in the picture beside your username. I saw him a lot times in youtube advertisement. he is scary
  • #706,850
  • Nov 14, 2022 12:39am Nov 14, 2022 12:39am
Quoting Konichiwhaat
{quote} BTCs USD value is irrelevant - simple rule
correct because the original purpose of btc is unknown to many people till today
since you are from japan, i estimate you know it very well
  • #706,851
  • Nov 14, 2022 12:43am Nov 14, 2022 12:43am
Quoting france001
{quote} who is this man in the picture beside your username. I saw him a lot times in youtube advertisement. he is scary
Ōtani Oniji the third in the Role of the Servant Edobei, an old Japanese Kabuki play
Emotional Control. Process, not outcome.
  • #706,852
  • Nov 14, 2022 12:45am Nov 14, 2022 12:45am
Quoting Whale
{quote} Ok so its 30m not 4h
4hr resistance + 30 min resistance

+ 4hr candle

+ 1 hr momentum. ( This helps )
Intraday only.
  • #706,853
  • Nov 14, 2022 12:47am Nov 14, 2022 12:47am
i may add EU & GU longs today
  • #706,854
  • Nov 14, 2022 12:49am Nov 14, 2022 12:49am
Morning all taken a short at 11760 TP1 11700 TP2 11600
Insane in the Brain..
  • #706,855
  • Nov 14, 2022 12:51am Nov 14, 2022 12:51am
Quoting PatienceFx
i may add EU & GU longs today
I have a hunch that GU is consolidating to move to fill the gap at 1.183
  • #706,856
  • Nov 14, 2022 12:54am Nov 14, 2022 12:54am
Added to my Gbpusd shorts
  • #706,857
  • Nov 14, 2022 12:57am Nov 14, 2022 12:57am
Quoting dantpm
{quote} I have a hunch that GU is consolidating to move to fill the gap at 1.183
like i said earlier, i will do nothing today

i just don't need to do anything because i have insider information from somewhere huge
Attached Image (click to enlarge)
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  • #706,858
  • Nov 14, 2022 12:59am Nov 14, 2022 12:59am
long at 1.1750

hourly hidden bullish divergence
MY OPINION NOT FINANCIAL ADVISE
  • #706,859
  • Nov 14, 2022 1:01am Nov 14, 2022 1:01am
Quoting BeeTogether
Morning all taken a short at 11760 TP1 11700 TP2 11600
Beware of the gap at 1.1832 and also daily range is just developing being early Monday... Expected range today is between 140 - 200 pips...

Quick simulation...
1.1816 minus 140 pips = 1.1676
1.1742 plus 140 pips = 1.1882...

Any entry at 1.1760 is a mid zone of an indecision. This means either 1.1676 or 1.1882 will be seen today...

1.1676 (40% chance)
1.1882 (60% chance)

It's your call eventually...
Data + Stat + Risk/Emotions Management
  • #706,860
  • Nov 14, 2022 1:06am Nov 14, 2022 1:06am
Fundamental discussion

The autumn fiscal plan aint bearish for cable?
With govt spending lowered and taxpayers left with lower disposable income, it made the UK recession more obvious.
This becomes the 3rd bearish pressure on Cable!


#1 Tight Monetary Policy to tame inflation that caused the recession.
#2 UK-US rate differentials
#3 Now the contracting fiscal plan
More time in the market, does not mean you trade better!
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