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Cable Update (GBPUSD)

  • #715,221
  • Dec 19, 2022 9:50pm Dec 19, 2022 9:50pm
Pound fell more than 500 pips against Yen..
  • #715,222
  • Dec 19, 2022 9:52pm Dec 19, 2022 9:52pm
USD/JPY Double Bottom on Minute Chart LoL..
  • #715,223
  • Dec 19, 2022 9:52pm Dec 19, 2022 9:52pm
Quoting TheWolf
SHIT SHIT SHIT.... Damn Yen... 300 pips they all fell..
markets are thinsel town knippon the lights
  • #715,224
  • Dec 19, 2022 9:55pm Dec 19, 2022 9:55pm
eu/aud going strong for me
  • #715,225
  • Dec 19, 2022 9:57pm Dec 19, 2022 9:57pm
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  • #715,226
  • Dec 19, 2022 10:00pm Dec 19, 2022 10:00pm
Quoting pipcenturion
{quote} Please don't buy until 127 or lower.
Thanks for the warning, but I have to.. 500 pips and no change in monetary policy. This is simply overreaction..
  • #715,227
  • Dec 19, 2022 10:06pm Dec 19, 2022 10:06pm
Quoting ToSatisfy
{quote} Can you tell me how it feels like in -20 in words
very comfortable indoors out plus minus celcius
  • #715,228
  • Dec 19, 2022 10:07pm Dec 19, 2022 10:07pm
Quoting TheWolf
{quote} Thanks for the warning, but I have to.. 500 pips and no change in monetary policy. This is simply overreaction..
Enjoy the learning experience!
  • #715,229
  • Dec 19, 2022 10:11pm Dec 19, 2022 10:11pm
Quoting TheWolf
{quote} Thanks for the warning, but I have to.. 500 pips and no change in monetary policy. This is simply overreaction..
Attached Image (click to enlarge)
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do not follow me 99.9999999% of times, rest you can lol
  • #715,230
  • Dec 19, 2022 10:18pm Dec 19, 2022 10:18pm
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do not follow me 99.9999999% of times, rest you can lol
  • #715,231
  • Edited 10:34pm Dec 19, 2022 10:22pm | Edited 10:34pm
Quoting pipcenturion
{quote} Enjoy the learning experience!
Crap... I do see what you're seeing.. another leg down to 127? Hmm.. but there should be some retracement no?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Weekly.png Size: 64 KB
  • #715,232
  • Dec 19, 2022 10:24pm Dec 19, 2022 10:24pm
4 bottoms on USD/JPY.. the more the price spends time here and keeps creating these "bottoms" the less I trust this whole setup. I don't know.. doesn't look too convincing.
  • #715,233
  • Dec 19, 2022 10:29pm Dec 19, 2022 10:29pm
Let's see how's the cooking on Cable going... I'm going to let it run to 1.188888888 if that's auspicous enough for the game of numbers.

For the meantime, I went in to close my USDJPY short, opened here. I did say last Thu I was planning to short it to 133.50, and yes, I closed it slightly 20 points above due to volatility after the JPY interest rate decision.
Attached Image(s) (click to enlarge)
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  • #715,234
  • Dec 19, 2022 10:33pm Dec 19, 2022 10:33pm
Wild move on uj
More time in the market, does not mean you trade better!
  • #715,235
  • Dec 19, 2022 10:45pm Dec 19, 2022 10:45pm
Quoting Fardeen1209
Wild move on uj
it's all jab jab jab abe borrows treat stop loss those that live on the margins on the STREET
  • #715,236
  • Dec 19, 2022 10:53pm Dec 19, 2022 10:53pm
Quoting Fardeen1209
Wild move on uj
Wild move still can bring some profit
  • #715,237
  • Dec 19, 2022 10:56pm Dec 19, 2022 10:56pm
I think retracement is coming after new Hourly formes on Yen pairs. Give it a few minutes after new Hourly formes and if there's finally a push, that's it..
  • #715,238
  • Dec 19, 2022 11:24pm Dec 19, 2022 11:24pm
G/M, a ridiculously early start for me, (couldn't sleep.) Big moves after that BOJ announcement even in this pairing....selling from the current dly hi so far. Price currently challenging prev 1hr/4hr sw lo zone down to last wk's/y/day's lo, bottom of this coexistent with thye prev 1hr/4hr/dly sw lo zone down to 2105/06.

EDIT: Price now into that lower pot supp zone to 2105/06.

1hr below
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Trader with an Edge.
  • #715,239
  • Dec 19, 2022 11:25pm Dec 19, 2022 11:25pm
Gbpusd short
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“What I do have are a very particular set of skills that I have acquired”
  • #715,240
  • Dec 19, 2022 11:33pm Dec 19, 2022 11:33pm
...any buyers in this potential supp zone? Looks vulnerable to a break below right now

4hr below
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Trader with an Edge.
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