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Cable Update (GBPUSD)

  • #707,801
  • Nov 17, 2022 3:46am Nov 17, 2022 3:46am
Might hedge into longs ,,, mmmm wait
  • #707,802
  • Nov 17, 2022 3:48am Nov 17, 2022 3:48am
now it's bearish trend
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yes yes yes
  • #707,803
  • Nov 17, 2022 3:49am Nov 17, 2022 3:49am
...a lot of what is in Uk Chancellor Hunt's Autumn Statement has been leaked, or at least the general theme of it has, ie tax hikes and spending cuts to close the 'black hole' Uk Govt deficit. He was on the Sunday shows last weekend ' preparing the ground ' as it were. We'll know the headline details during his speech of course. I think there is better chance that this market (gbpusd) takes it well and rises on it than falls, but anything can happen, particularly as we don't know the actual details yet.
Trader with an Edge.
  • #707,804
  • Nov 17, 2022 3:50am Nov 17, 2022 3:50am
LWMA246 sapport
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  • #707,805
  • Nov 17, 2022 3:53am Nov 17, 2022 3:53am
Test Test Long 1.1876 SL 1.1850
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #707,806
  • Nov 17, 2022 3:55am Nov 17, 2022 3:55am
long 1.1885
POSTMASTER
  • #707,807
  • Nov 17, 2022 4:03am Nov 17, 2022 4:03am
Quoting Bella.al
{quote} Current Rate : 1.19439 I am +37 Pips as i write this , i am waiting for some acceleration towards Objective 2 : 1.20380 since Objective 1 Daily Close above 1.19590 can take some time. will move my S/L to Trailing soon. -Bella's Blue. {image}
Current Rate : 1.18868

GBP/USD re-testing "Bella's support 1.18654" .. waiting to see what happens next , i didn't move my S/L to Trailing figure just yet .

-Bellla's Blue
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Goddess of Thunder..
  • #707,808
  • Nov 17, 2022 4:09am Nov 17, 2022 4:09am
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yes yes yes
  • #707,809
  • Nov 17, 2022 4:10am Nov 17, 2022 4:10am
...this may end up being a 'dump and pump?'
Trader with an Edge.
  • #707,810
  • Nov 17, 2022 4:12am Nov 17, 2022 4:12am
Quoting Bella.al
{quote} Current Rate : 1.18868 GBP/USD re-testing "Bella's support 1.18654" .. waiting to see what happens next , i didn't move my S/L to Trailing figure just yet . -Bellla's Blue {image}

Sl is hit -41 Pips.
Goddess of Thunder..
  • #707,811
  • Nov 17, 2022 4:14am Nov 17, 2022 4:14am
Getting close to daily S1.
Gut feeling is that each time it pauses, people pile in expecting a change in direction and it obliges in the opposite direction.
  • #707,812
  • Nov 17, 2022 4:16am Nov 17, 2022 4:16am
Once daily low is broken, look to sell only for me.
Intraday only.
  • #707,813
  • Nov 17, 2022 4:18am Nov 17, 2022 4:18am
it is not s1 today.... probably more...

yeah s2 i will be my target.
Intraday only.
  • #707,814
  • Nov 17, 2022 4:19am Nov 17, 2022 4:19am
Quoting dantpm
Getting close to daily S1. Gut feeling is that each time it pauses, people pile in expecting a change in direction and it obliges in the opposite direction.
I don't know whether NavK's 'rule' about a breach of Asian session hi or lo results in Dly R1 / Dly S2 being reached respectively is based on anecdotal/observational evidence or empirical recorded evidence? Or indeed whether if Dly R1 was already reached, whether a breach of Asian Lo will still result in Dly S1, and vice versa?

Re piling in on a pause, ie buying, I think that's true lol!

Quoting navk
it is not s1 today.... probably more... yeah s2 i will target.
our posts crossed there lol...you probably just answered the 2nd part - thanks.
Trader with an Edge.
  • #707,815
  • Nov 17, 2022 4:21am Nov 17, 2022 4:21am
Shorting, resistance at 1.19570 still active support at 1.179ish could be tested
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Keep the Lights on then you can catch the rise from the dark.
  • #707,816
  • Nov 17, 2022 4:22am Nov 17, 2022 4:22am
Quoting beetogether
{quote} 11760 is my tp i have set. Although it will need a huge push down from the budget today. (like is kwazi stepping in)
fingers crossed buddy
  • #707,817
  • Nov 17, 2022 4:23am Nov 17, 2022 4:23am
Quoting Headland
{quote} I don't know whether NavK's 'rule' about a breach of Asian session hi or lo results in Dly R1 / Dly S2 being reached respectively is based on anecdotal/observational evidence or empirical recorded evidence? Or indeed whether if Dly R1 was already reached, whether a breach of Asian Lo will still result in Dly S1, and vice versa? Re piling in on a pause, ie buying, I think that's true lol! {quote} our posts crossed there lol...you probably just answered the 2nd part - thanks.
For me r1 reached.

Having reached r1, first target for short is pivot, that is broken, next is s1 and s2.

This is in order for ADR to reach.

my stop 1905
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Intraday only.
  • #707,818
  • Nov 17, 2022 4:23am Nov 17, 2022 4:23am
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yes yes yes
  • #707,819
  • Nov 17, 2022 4:28am Nov 17, 2022 4:28am
On a pull back hedgedback to 1900
  • #707,820
  • Nov 17, 2022 4:29am Nov 17, 2022 4:29am
come on !!!!
break it down
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yes yes yes
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