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Cable Update (GBPUSD)

  • #710,981
  • Dec 2, 2022 1:52am Dec 2, 2022 1:52am
currently long maybe
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https://breakpullback.com
  • #710,982
  • Dec 2, 2022 1:52am Dec 2, 2022 1:52am
Quoting Indiara
I have a Buy on GU, just a little one {image}
Because I already have my weekly target, I don't want to take too much risk today. So I have protected my trade early, just in case Uncle Frankie and London want to be silly in a few minutes
I am neither brave nor stupid...I am just a part time trader
  • #710,983
  • Dec 2, 2022 1:54am Dec 2, 2022 1:54am
30 pip surge in little over an hour. Interesting to see where we end up
Insane in the Brain..
  • #710,984
  • Dec 2, 2022 1:59am Dec 2, 2022 1:59am
GOLD
BIG guys trade it heavily
Setup
Ignored QM becomes RSF= Bullish sign
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More time in the market, does not mean you trade better!
  • #710,985
  • Dec 2, 2022 2:01am Dec 2, 2022 2:01am
Quoting BrainBucks
Is it just me that's noticed that these UOB guys get their forecasts wrong at least 80% of the time? I mean, why the hell do they keep putting out daily analysis and forecasts that more often than not include a daily admission that they got it wrong the previous day? I feel sorry for anyone who listens to them still. Jeeezz!
Actually what I have observed them, I have blacklisted their technical analyses. I hardly found it correct. Even, Goldman Sach, Commerz Bank, Scotia Bank, ING they keep changing their forecasts. On day they go to 1.1000 and other day they expect 1.2000. Actually they seems to be like media persons who need to keep their potential customers engaged.

No one is sincere with you...except you. What I have observed in the fundamental analyses.
Just keep an eye on the data release and build your own insights.
engage comrades and keep discussions to refine your thoughts.

I am business graduate (in 2000), after more than 6 months of keen eye on fundamentals what I have learned is we can't know all the aspects that change this complex and huge market.

Only technical analyses... following the price... observing the price action... defining your risk could help you build your account. nothing else can.

Regards,
Kashif
  • #710,986
  • Dec 2, 2022 2:01am Dec 2, 2022 2:01am
Quoting OragonFx
If this is a consolidation, then its preparing for a big move. Trade safe everyone and remember todays friday! but it looks like bulls reloading for a big move {image}
Bulls
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No pen no gen
  • #710,987
  • Dec 2, 2022 2:01am Dec 2, 2022 2:01am
Quoting Indiara
{quote} Because I already have my weekly target, I don't want to take too much risk today. So I have protected my trade early, just in case Uncle Frankie and London want to be silly in a few minutes
Sort of expected, given the sillyness of London & Uncle Frankie, my SL got eaten at +1
I am neither brave nor stupid...I am just a part time trader
  • #710,988
  • Dec 2, 2022 2:04am Dec 2, 2022 2:04am
Quoting Bella.al
{quote} Current Rate : 1.22340 I am +18 Pips as i write this . I Expect W.D Gann Resistance : 1.23340 . .. ( related to current trade ) should hold . -Bella's Resistance : 1.22769 -Bella's Blue {image}
Currently my Trade is still surviving . This is the last trade of the week due to covering all the days of the week. i am currently outside my trading quota, but since i am doing some development ("Bella's Blue ) i made my self available for this trade. I already wrote on this thread i trade 0.10 Lots on a 5K account ( for negative quota info, normal is -100 pips per week , i started trading live since 29.09.2022 ) . waiting for an update.


Bella's Blue.
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Goddess of Thunder..
  • #710,989
  • Dec 2, 2022 2:15am Dec 2, 2022 2:15am
Quoting Indiara
{quote} Sort of expected, given the sillyness of London & Uncle Frankie, my SL got eaten at +1
I have entered again, hopefully London vs Frankie have sorted out their differences now!

My eaten SL is on the chart too

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I am neither brave nor stupid...I am just a part time trader
  • #710,990
  • Dec 2, 2022 2:18am Dec 2, 2022 2:18am
This is all down to the fact the Fed openly admitted that they're surrendering to inflation, the UK has an inflation rate roughly 50% higher than the US so the BoE is probably seen as continuing it's rate hikes.

Expect another pivot from the Fed.
  • #710,991
  • Dec 2, 2022 2:19am Dec 2, 2022 2:19am
Quoting Fardeen1209
{quote} With ADP figures released way below the estimate while the monthly average Initial Job claims kept increasing, the probability for a below than expected is very high! Even big banks like JPM, GSachs and Nomura forecast <200K, and very often their forecast is close to right and the market listens to them, IMO. However, it becomes a trend for almost 3-4 months since NFP data released kept shocking the market by almost twice the amount of the Forecasted figures.
Given we are in a festival period, we mighy see a rise in NFP data due to seasonal employment in Tourism industry same as last month NFP report!
More time in the market, does not mean you trade better!
  • #710,992
  • Dec 2, 2022 2:24am Dec 2, 2022 2:24am
Quoting MrFanciful
This is all down to the fact the Fed openly admitted that they're surrendering to inflation, the UK has an inflation rate roughly 50% higher than the US so the BoE is probably seen as continuing it's rate hikes. Expect another pivot from the Fed.
Or perhaps Rishi and Hunt are doing an amazing job on the economy?
  • #710,993
  • Dec 2, 2022 2:25am Dec 2, 2022 2:25am
Quoting Indiara
{quote} I have entered again, hopefully London vs Frankie have sorted out their differences now! My eaten SL is on the chart too {image}
Trade is protected now
I am neither brave nor stupid...I am just a part time trader
  • #710,994
  • Dec 2, 2022 2:28am Dec 2, 2022 2:28am
it going to be another yesterday with zero conviction and just a constant creep?
  • #710,995
  • Dec 2, 2022 2:31am Dec 2, 2022 2:31am
Quoting Fardeen1209
{quote} Given we are in a festival period, we mighy see a rise in NFP data due to seasonal employment in Tourism industry same as last month NFP report!
You are looking at November data, might be a bit early for festival employment.
  • #710,996
  • Dec 2, 2022 2:31am Dec 2, 2022 2:31am
Quoting suhas316
Short Crude Oil {image}
60+ pips now
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!! Radha Radha !!
  • #710,997
  • Dec 2, 2022 2:31am Dec 2, 2022 2:31am
Quoting Indiara
{quote} Trade is protected now
There we are, TP hit and +24 for the account

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I am neither brave nor stupid...I am just a part time trader
  • #710,998
  • Dec 2, 2022 2:31am Dec 2, 2022 2:31am
Quoting Bella.al
{quote} Currently my Trade is still surviving . This is the last trade of the week due to covering all the days of the week. i am currently outside my trading quota, but since i am doing some development ("Bella's Blue ) i made my self available for this trade. I already wrote on this thread i trade 0.10 Lots on a 5K account ( for negative quota info, normal is -100 pips per week , i started trading live since 29.09.2022 ) . waiting for an update. Bella's Blue. {image}

S/L is hit -24 , My Week ended with -124 Pips including today's trade.

see you all next week hopefully, have a nice day and weekend.

-bella.
Goddess of Thunder..
  • #710,999
  • Dec 2, 2022 2:34am Dec 2, 2022 2:34am
Quoting Robinhood1
Morning music. Its 8 am where i am. Specially for my buddy LvMMT https://www.youtube.com/watch?v=9zvq5VWUn3k
superb
thanks RH

just a little adrenaline...

Inserted Video



GBPUSD
H1 and H4
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God bless you RH and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #711,000
  • Dec 2, 2022 2:34am Dec 2, 2022 2:34am
Quoting Bella.al
{quote} S/L is hit -24 , My Week ended with -124 Pips including today's trade. see you all next week hopefully, have a nice day and weekend. -bella.
Oh no....I took your 24 pips.

Sorry Bella, I'm sure you will take them back from me at some time. You have a wonderful weekend and have fun and be safe
I am neither brave nor stupid...I am just a part time trader
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