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Cable Update (GBPUSD)

  • #710,801
  • Dec 1, 2022 8:42am Dec 1, 2022 8:42am
Quoting fxsport
Short term scalp: {image}
STopped out - idle...

Waiting for the "drop" to come - until then.
...because you never know - until you do!
  • #710,802
  • Dec 1, 2022 8:42am Dec 1, 2022 8:42am
If not later ISM news, 1.2312 maybe only can resist bulls anger.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #710,803
  • Dec 1, 2022 8:42am Dec 1, 2022 8:42am
1.23094

if not all the way to 1.25

still waiting
  • #710,804
  • Dec 1, 2022 8:43am Dec 1, 2022 8:43am
Let's see how this fucker handle the red at 1.22761-1.22927
yes yes yes
  • #710,805
  • Dec 1, 2022 8:43am Dec 1, 2022 8:43am
Quoting dantpm
{quote} Not for very long they don't
Good one. What's the saying? "Things that can't continue, won't continue".
  • #710,806
  • Dec 1, 2022 8:44am Dec 1, 2022 8:44am
There is no news that suggests either this incredible strength in foreign currencies or extreme weakness in the dollar yet here we are.
  • #710,807
  • Dec 1, 2022 8:45am Dec 1, 2022 8:45am
Quoting Moty
Let's see how this fucker handle the red at 1.22761-1.22927
It'll just go the little bit further like it's been doing all day.

Constantly felt like it was topping out all day for me.
  • #710,808
  • Dec 1, 2022 8:46am Dec 1, 2022 8:46am
Quoting firsttimer
{quote} next area of interest. {image}
FE 100 expansion.

Be patient to trigger shorts.
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  • #710,809
  • Dec 1, 2022 8:48am Dec 1, 2022 8:48am
Quoting dantpm
There is no news that suggests either this incredible strength in foreign currencies or extreme weakness in the dollar yet here we are.
Maybe the markets are just stupid enough to believe that with the massive growth destroying economic policies the UK government is enacting to satisfy their WEF puppetmasters, that the UK economy is has good footing to outperform the USA economically? /s
  • #710,810
  • Dec 1, 2022 8:49am Dec 1, 2022 8:49am
This is relentless! The last surge maybe because we’ve just had NYO. Some data in 10 mins it we go over 12320 then it’s bye bye bears for time being
Insane in the Brain..
  • #710,811
  • Dec 1, 2022 8:50am Dec 1, 2022 8:50am
Quoting Wavegarrick
{quote} So far so good Folks, My weekly resistance 1 at 1.22333 up for grabs. {image}I mentioned the 2 year 50% Fib retrace at 1.22866 a couple of posts ago. This is now becoming a strong possibility. {image}Trade well, Cheers.
And so it is. My 50% Fib retrace at 1.22866. I could look to take some buy trades off the table.
Trade safe.
Cheers.
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Trade to trade another day
  • #710,812
  • Dec 1, 2022 8:51am Dec 1, 2022 8:51am
Quoting JayBag
{quote} I have just SHORTED this handle. GU better come correct and hand me back my pips Anyway, will see where it goes from here.. Considering the new level we broke, I would target 1.21402 then if it breaks, the final target will be 1.179894
That was quick, I ran out like a frightened kid
On to the next setup
  • #710,813
  • Dec 1, 2022 8:52am Dec 1, 2022 8:52am
Quoting MrFanciful
{quote} Maybe the markets are just stupid enough to believe that with the massive growth destroying economic policies the UK government is enacting to satisfy their WEF puppetmasters, that the UK economy is has good footing to outperform the USA economically? /s
I believe that this is a trap getting laid. Not sure how it will be sprung. Very sure I don't want to get caught in it!
  • #710,814
  • Dec 1, 2022 8:54am Dec 1, 2022 8:54am
Quoting Moty
Let's see how this fucker handle the red at 1.22761-1.22927
There is a war there now
If i was trading my new strategy,i could pick 80 pips there
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yes yes yes
  • #710,815
  • Dec 1, 2022 8:55am Dec 1, 2022 8:55am
That's approximately 2000 pips recovery with 2 months from that low of 1.03... bulls were initially slathered, now bears are taking their own massive beating... Brutal.
Data + Stat + Risk/Emotions Management
  • #710,816
  • Dec 1, 2022 8:57am Dec 1, 2022 8:57am
Quoting dantpm
{quote} I believe that this is a trap getting laid. Not sure how it will be sprung. Very sure I don't want to get caught in it!
For sure we'll go back below 1.13

But if there is a massive dollar drop + equity rise.....then GU could head to 1.33+, then 1.4 again which would be sick


EURO could head to 1.0620+ & 1.0780+ then GU skyhigh if follow

I'm not chasing this 260 pips move though
COT: The precious data ignored
  • #710,817
  • Dec 1, 2022 8:58am Dec 1, 2022 8:58am
Quoting dantpm
{quote} I believe that this is a trap getting laid. Not sure how it will be sprung. Very sure I don't want to get caught in it!
With all the stops beneath the current price, especially 1.17-1.18, I can see price dropping to below 1.17 still
  • #710,818
  • Dec 1, 2022 8:59am Dec 1, 2022 8:59am
Quoting Georginson
That's approximately 2000 pips recovery with 2 months from that low of 1.03... bulls were initially slathered, now bears are taking their own massive beating... Brutal.
Bro, we've been handed our butts on a silver platter
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  • #710,819
  • Dec 1, 2022 9:02am Dec 1, 2022 9:02am
Quoting MrFanciful
{quote} With all the stops beneath the current price, especially 1.17-1.18, I can see price dropping to below 1.17 still
It is possible but over what time-frame? In 1 day? Not bloody likely!
  • #710,820
  • Dec 1, 2022 9:02am Dec 1, 2022 9:02am
More bad news from U.S. right I’m going to take a 4k a and start again lol

SL added at 13320
Insane in the Brain..
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