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Cable Update (GBPUSD)

  • #715,461
  • Dec 21, 2022 12:23am Dec 21, 2022 12:23am
Quoting ToSatisfy
Nice Entry Ha {image} For now
Alright Alright

I take some off the Buys

I have Sell On With Target Set As Shown

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Timeframe H1
Shekh In Desert
  • #715,462
  • Dec 21, 2022 12:30am Dec 21, 2022 12:30am
I think according to my analysis its going to be a Big Sell

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Alright Lets See Further
Shekh In Desert
  • #715,463
  • Dec 21, 2022 12:31am Dec 21, 2022 12:31am
I've started reading Al Brooks book on trend trading and in Chapter 4 he said something that I thought I'd share:
Quote
"One of the most important things to realize about trading is that no matter how convinced you are that you are right, there is someone just as smart and just as convinced that the opposite will happen."
  • #715,464
  • Dec 21, 2022 12:36am Dec 21, 2022 12:36am
Quoting ToSatisfy
I think according to my analysis its going to be a Big Sell {image} Alright Lets See Further
It appears that there is downward push happening with little volume. Typically for a BIG move you need it to go up first and then get pushed down for THE big move, or at least from what I have seen.

GU trying to move in the opposite direction to USDX doesn't make sense! It suggests a massive move on the part of the Pound with no news!
  • #715,465
  • Dec 21, 2022 12:40am Dec 21, 2022 12:40am
Quoting tiong7
GBPUSD 21 december 2022... my prediction for today.... square low for low daily.... square high for high daily... {image}
wow...
everybody is selling GBP...

am i the only one who want to GBP go up???
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  • #715,466
  • Dec 21, 2022 12:41am Dec 21, 2022 12:41am
Quoting MrFanciful
I've started reading Al Brooks book on trend trading and in Chapter 4 he said something that I thought I'd share:{quote}
Thought 2, and no matter how right either of you are, most important is what the market decides to do!
  • #715,467
  • Dec 21, 2022 12:44am Dec 21, 2022 12:44am
GU and EU are getting squeezed pretty hard.
  • #715,468
  • Dec 21, 2022 12:46am Dec 21, 2022 12:46am
Quoting dantpm
{quote} It appears that there is downward push happening with little volume. Typically for a BIG move you need it to go up first and then get pushed down for THE big move, or at least from what I have seen. GU trying to move in the opposite direction to USDX doesn't make sense! It suggests a massive move on the part of the Pound with no news!
Well Yes you can say for a Big Move down it needs Some InCash Or Orders grabbed But its been doing that for a while for a few days before so may have remainder left to Push Down
Shekh In Desert
  • #715,469
  • Dec 21, 2022 12:52am Dec 21, 2022 12:52am
The UJ is also behaving in an unusual manner (Both Yen and USDX moving in the 'same' direction), except that it does this more than the GU!
  • #715,470
  • Dec 21, 2022 12:53am Dec 21, 2022 12:53am
Quoting dantpm
{quote} Ah yes but you can go invisible!
No I Didnt Mean That I Meant only traders viewing now are being seen now
Shekh In Desert
  • #715,471
  • Dec 21, 2022 12:54am Dec 21, 2022 12:54am
I'm currently hedging. Have a buy with a TP above the last 4hr bullish candle just below 1.22 and a sell with a TP just below the low of the same candle at 1.2132.

Now watch it take both SL
  • #715,472
  • Dec 21, 2022 1:09am Dec 21, 2022 1:09am
Quoting tiong7
{quote} wow... everybody is selling GBP... am i the only one who want to GBP go up??? {image}

NO.....

Almost 51% of traders are with you. ATM
BUYER.
So , you're safe to go LONG.

If in FF, you're with 56% of the BUYER.
Majority is with you. No worry.

All the best.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #715,473
  • Dec 21, 2022 1:12am Dec 21, 2022 1:12am
UK PUblic Borrowing 30+% higher than forecast...GBP goes up.
  • #715,474
  • Dec 21, 2022 1:15am Dec 21, 2022 1:15am
Quoting Pat Chiko
{quote} NO..... Almost 51% of traders are with you. ATM BUYER. So , you're safe to go LONG. If in FF, you're with 56% of the BUYER. Majority is with you. No worry. All the best.{image}
IG Markets currently has just under 60% of its clients long on GU and EU with 68% long on the DXY.
Another curiosity. Haven't figured out who is short!
  • #715,475
  • Dec 21, 2022 1:18am Dec 21, 2022 1:18am
Quoting dantpm
{quote} IG Markets currently has just under 60% of its clients long on GU and EU with 68% long on the DXY. Another curiosity. Haven't figured out who is short!
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  • #715,476
  • Dec 21, 2022 1:20am Dec 21, 2022 1:20am
52% up 48% down on IC Markets
  • #715,477
  • Dec 21, 2022 1:21am Dec 21, 2022 1:21am
Quoting dantpm
{quote} IG Markets currently has just under 60% of its clients long on GU and EU with 68% long on the DXY. Another curiosity. Haven't figured out who is short!
Was on yesterday spike moves.
Buyer got their hand on the trap after BOJ announcement.
DOM tell the story.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #715,478
  • Dec 21, 2022 1:25am Dec 21, 2022 1:25am
Certainly tricky this morning
  • #715,479
  • Dec 21, 2022 1:26am Dec 21, 2022 1:26am
Quoting Pat Chiko
{quote} Was on yesterday spike moves. Buyer got their hand on the trap after BOJ announcement. DOM tell the story.{image}
That helps to explain why you believe GU should drop as MM's pull liquidity!
  • #715,480
  • Dec 21, 2022 1:27am Dec 21, 2022 1:27am
Think today will be my last day until after Christmas
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