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Cable Update (GBPUSD)

  • #707,341
  • Nov 15, 2022 8:17am Nov 15, 2022 8:17am
We are still 10 pips from the 261 ext . Would it go back up
  • #707,342
  • Edited 8:41am Nov 15, 2022 8:18am | Edited 8:41am
It's been a pretty tepid response so far after a large quick spike. Especially for 0.0% PPI. I wouldn't rule out the possibility of this being a 'buy the rumor, sell the news' type of deal. Not suggesting anybody jump in and short. But these are the type of shenanigans I've come to expect from the MMs. Large retracements often come immediately following strong moves in the opposite direction. Will watch carefully..
  • #707,343
  • Nov 15, 2022 8:20am Nov 15, 2022 8:20am
Low from here should be a pullback to go higher .. 2 cents worth to the dime.

2 longs 260 pips holding not folding yet !!
  • #707,344
  • Nov 15, 2022 8:23am Nov 15, 2022 8:23am
Quoting pgidia
{quote} Waiting for revert on 3 lines what are those ??
Artificial intelligence code , you saw the trade results
  • #707,345
  • Nov 15, 2022 8:23am Nov 15, 2022 8:23am
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yes yes yes
  • #707,346
  • Nov 15, 2022 8:26am Nov 15, 2022 8:26am
Sell 1.2120 or 1.1679 buy.... hmm. I will not touch any sell unless this area. We are now having the complete opposite of what happened in September...
Data + Stat + Risk/Emotions Management
  • #707,347
  • Nov 15, 2022 8:28am Nov 15, 2022 8:28am
Quoting donfriday
A drop to 1.1625 can be expected 1.2000 or 1.2250 soon

price have completed a quarter movement
a fresh negotiation will start soon
it’s possible 1.2250 very possible before testing 1.1750 and 1.1625 .


Navin 1.25 is coming soon
MY OPINION NOT FINANCIAL ADVISE
  • #707,348
  • Nov 15, 2022 8:29am Nov 15, 2022 8:29am
tell u what: 473 pips just closed em two ducks in a row back tomorrow run the 5 hour gauntlet.
  • #707,349
  • Nov 15, 2022 8:31am Nov 15, 2022 8:31am
Quoting PatienceFx
{quote} Artificial intelligence code , you saw the trade results
Yes i understood the trade and it was great
but what were those three lines
DXY
EUR
GPB
JPY
PaRaM
  • #707,350
  • Edited 9:38am Nov 15, 2022 8:41am | Edited 9:38am
Quoting ICouldBWrong
It's been a pretty tepid response so far after a large quick spike. Especially for 0.0% PPI. I wouldn't rule out the possibility of this being a 'buy the rumor, sell the news' type of deal. Not suggesting anybody jump in and short. But these are the type of shenanigans I've come to expect from the MMs. Large retracements often come immediately following strong moves in the opposite direction. Will watch carefully..
Aussie and NZD showing the most weakness (and extremely overbought) atm. Unfortunately for my account, pound by far the strongest of the dollar pairs atm. Might get rid of some GBP shorts and add to AU and NZ.
  • #707,351
  • Nov 15, 2022 8:42am Nov 15, 2022 8:42am
Quoting Georginson
Sell 1.2120 or 1.1679 buy.... hmm. I will not touch any sell unless this area. We are now having the complete opposite of what happened in September...
11670 -11700 will be the buy area for me too
Insane in the Brain..
  • #707,352
  • Nov 15, 2022 8:43am Nov 15, 2022 8:43am
Quoting elbert3
{image}
Yeh got caught on the move yesterday thought to short but 11 pips lost was worth the flip for today.
  • #707,353
  • Nov 15, 2022 8:45am Nov 15, 2022 8:45am
Quoting Yngwie
Sold 1.1970 SL 1.2000
Close 40 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #707,354
  • Nov 15, 2022 8:47am Nov 15, 2022 8:47am
Quoting Wavegarrick
{quote} Hi Guys, Gu from a daily perspective with my monthly resistance1 and ascending trend line coming up at 1.17665. Perhaps we will see a retrace from here. Having said we are in a new trading zone between 1.16169 and 1.1956 and bulls will want to stay in this area reaching the mid point of the 4th quarter. Have a great day, Cheers. {image}
Today is the 15th of November which is the mid point of the 4th Quarter and we touched 1.200000 and my target at 1.1956. Is this a coincidence or what. Do we retrace back to 1.16169 or continue above 1.20000 for a nice Xmas rally towards 1.25000?. We could retrace from here for a try up later. We shall see. Time will tell.
Have a great day,
Cheers.
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Trade to trade another day
  • #707,355
  • Nov 15, 2022 8:50am Nov 15, 2022 8:50am
come on !!!!!!!
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yes yes yes
  • #707,356
  • Nov 15, 2022 8:52am Nov 15, 2022 8:52am
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Shooooort. . . . .

  • #707,357
  • Nov 15, 2022 8:55am Nov 15, 2022 8:55am
Gbpusd long at 1.19100
  • #707,358
  • Nov 15, 2022 8:57am Nov 15, 2022 8:57am
Quoting bilal1947
Today is another day, I am still in between of using SL vs Averaging, what is the call of the majority? perhaps small lots are for averaging and little bit big may be for SL
It's a real dilemma. I was an advocate of averaging. However, my experience is, how far the market will move against me that is unknown to me. Having said that proper spacing and an increase in the lot sizes of the subsequent entries eventually will allow you to exit at least in BE. Having said that, the risks are too much in terms of uncertainty (how long and how far), DD, psychological impact, stress, etc only just to avoid the loss (EGO??).

I learned my lessons and now I trade small with a hard SL. When I am wrong, I take the loss and move on.
Success = Practice + Patience + Persistence
  • #707,359
  • Nov 15, 2022 8:59am Nov 15, 2022 8:59am
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4H. Overshot. South now for me.

  • #707,360
  • Nov 15, 2022 9:01am Nov 15, 2022 9:01am
Quoting Wavegarrick
{quote} Today is the 15th of November which is the mid point of the 4th Quarter and we touched 1.200000 and my target at 1.1956. Is this a coincidence or what. Do we retrace back to 1.16169 or continue above 1.20000 for a nice Xmas rally towards 1.25000?. We could retrace from here for a try up later. We shall see. Time will tell. Have a great day, Cheers. {image}
That's whooping 882 pips this mid month... Next resistance is at 1.2120... which will take monthly to 975 pips... Bulls are angry. Long overdue anger.
Data + Stat + Risk/Emotions Management
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