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Cable Update (GBPUSD)

  • #717,561
  • Jan 3, 2023 3:04pm Jan 3, 2023 3:04pm
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  • #717,562
  • Jan 3, 2023 3:13pm Jan 3, 2023 3:13pm
GU got the bounce, but I don't think the bears are done yet.
Could well travel into the 1850's, back to the future style.

USD coming off support and 106 round number area looks to have potential
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Compulsions can be hard to resist
  • #717,563
  • Jan 3, 2023 3:13pm Jan 3, 2023 3:13pm
If my analysis is correct, we will witness another leg up on Hourly TF and then big drop probably during Fed Meeting Minutes..
We'll see..
  • #717,564
  • Jan 3, 2023 3:18pm Jan 3, 2023 3:18pm
Let's see if the MA50-Daily will work as support.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #717,565
  • Jan 3, 2023 3:37pm Jan 3, 2023 3:37pm
Very Quiet In The Room HA?

Its Night Time I Believe

Shekh In Desert
  • #717,566
  • Jan 3, 2023 3:41pm Jan 3, 2023 3:41pm
Quoting trumps
GU got the bounce, but I don't think the bears are done yet. Could well travel into the 1850's, back to the future style. USD coming off support and 106 round number area looks to have potential {image} {image} {image}
Nice and clean charts. This colour combination is really good! Easy on the eyes..
  • #717,567
  • Jan 3, 2023 4:25pm Jan 3, 2023 4:25pm
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  • #717,568
  • Jan 3, 2023 4:26pm Jan 3, 2023 4:26pm
Quoting palpite
Let's see if the MA50-Daily will work as support. {image}
It actually stopped on 100EMA
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I have no clue where it's going
  • #717,569
  • Jan 3, 2023 4:38pm Jan 3, 2023 4:38pm
Quoting LifeRider
{quote} It actually stopped on 100EMA {image}
I have no clue where it's going
https://www.bitchute.com/video/AgJire1U3I6h/

The government thinks you’re too stupid to notice
  • #717,570
  • Jan 3, 2023 5:15pm Jan 3, 2023 5:15pm
For while is just scalp buying, because the price is below of the pivot weekly and monthly.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #717,571
  • Jan 3, 2023 5:48pm Jan 3, 2023 5:48pm
Quoting TheWolf
{quote} Nice and clean charts. This colour combination is really good! Easy on the eyes..
cheers Wolf
Compulsions can be hard to resist
  • #717,572
  • Jan 3, 2023 5:58pm Jan 3, 2023 5:58pm
Quoting navk
1950 unlikely to break ... Important support.
The level will break.
There ought to be a big buy coming once price gets to 1.1835 - 1.1810 region (maybe slightly lower)
  • #717,573
  • Jan 3, 2023 6:03pm Jan 3, 2023 6:03pm
Quoting Pat Chiko
{quote} Hi Dan, GU I'm looking at 1.18 demand zone for correction phase. There's liquid in that zone. Partial TP around that level {image}
GU

update to scalping position.
setting up partial tp.
Attached Image (click to enlarge)
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I think Karen trapped in Long position
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,574
  • Jan 3, 2023 6:04pm Jan 3, 2023 6:04pm
Quoting pipcenturion
{quote} The level will break. There ought to be a big buy coming once price gets to 1.1835 - 1.1810 region (maybe slightly lower)
There are two challenging questions.
1. When?
2. What catalyst is required to get us there?
  • #717,575
  • Jan 3, 2023 6:11pm Jan 3, 2023 6:11pm
Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: na
  • #717,576
  • Jan 3, 2023 6:18pm Jan 3, 2023 6:18pm
Quoting dantpm
{quote} There are two challenging questions. 1. When? 2. What catalyst is required to get us there?
Let's just take it one candlestick at a time.
I don't do time projections although one can use the ATR to make a logical projection (adding some extra period for time lag) but this isn't needed.
I have learnt to take things one step at a time.
  • #717,577
  • Jan 3, 2023 6:39pm Jan 3, 2023 6:39pm
Quoting pipcenturion
{quote} Let's just take it one candlestick at a time. I don't do time projections although one can use the ATR to make a logical projection (adding some extra period for time lag) but this isn't needed. I have learnt to take things one step at a time.
Hey pal, you can take one candlestick at a time but you can't take things one step at a time, curious.
Hopefully you will see the humor!
  • #717,578
  • Jan 3, 2023 6:41pm Jan 3, 2023 6:41pm
I've bought for a few, near tp level, which is just below 1.200.
Was also shorting oil, cought a few nice waves on Tesla.
Havent touched EC, but retracement in play.

I would like GU to dip lower this week.
  • #717,579
  • Jan 3, 2023 6:43pm Jan 3, 2023 6:43pm
Quoting dantpm
{quote} There are two challenging questions. 1. When? 2. What catalyst is required to get us there?
Dan, I believe China is playing big part in current market behaviour. Have you been following the news?
  • #717,580
  • Jan 3, 2023 6:50pm Jan 3, 2023 6:50pm
Quoting Jolita
{quote} Dan, I believe China is playing big part in current markey behaviour. Have you been following the news?
Intermittently.
Japan is playing a big part!
China has been dumping US$ (securities, currency) for several years now.

If you follow the Russia - Ukraine/US conflict the US is admitting that it has run out of weapons and bombs that it can provide to Ukraine without putting the US security at risk while Russia continues to pump out bombs and weapons. Russia also has these plastic drones that the US can't shoot down. US military supremacy is not what it once was!

Look at the relative strength of the EU compared to the US lately.

We are seeing the start of a new paradigm. Somehow room has to be made for the BRIC!

Just a couple of thoughts.
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