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Cable Update (GBPUSD)

  • #778,781
  • Sep 28, 2023 7:59am Sep 28, 2023 7:59am
Quoting Zebi
we all know its monthly and quarterly close this friday so heres a quarterly chart i use real bodies to draw trendlines cause wicks just represents idiot retail traders so i ignore them cause they dont mean that much in my analysis regardless how you draw your lines youll have to admit price is hitting support on weekly,monthly and quarterly {image}

a friday close above 2174 and there wont be any TA damage done to this chart
short trump and go long the deepstate
  • #778,782
  • Sep 28, 2023 7:59am Sep 28, 2023 7:59am
Quoting TheWraith
{quote} What do you know that we don't? Looks like classic retracement of morning rally to me.
Germany is in recession. Due to Usd being a safe haven, and euro & gbp & dow jones being risk instruments, they will lose ground against dollar
You have to have an IQ higher than 90 to interact with this user.
  • #778,783
  • Sep 28, 2023 8:01am Sep 28, 2023 8:01am
Quoting Nordling
{quote} Germany is in recession. Due to Usd being a safe haven, and euro & gbp & dow jones being risk instruments, they will lose ground against dollar
I didn't say you're wrong! This just looked to me at first like retracement.. this could very well be a start of another drop.

You're right Germany is dead, but Germany has been dead for a while.
  • #778,784
  • Sep 28, 2023 8:01am Sep 28, 2023 8:01am
Quoting TheWraith
{quote} What do you know that we don't? Looks like classic retracement of morning rally to me.
up to what level?
"No trade is still a trade." - Peter Borish
  • #778,785
  • Sep 28, 2023 8:02am Sep 28, 2023 8:02am
Quoting Whale
{quote} Not sure what support there is at 1.21 price was totally over sold yesterday
MN S2 on my chart.
  • #778,786
  • Sep 28, 2023 8:02am Sep 28, 2023 8:02am
ill go long on this hourly candle if closes green in 60 min
short trump and go long the deepstate
  • #778,787
  • Sep 28, 2023 8:04am Sep 28, 2023 8:04am
Quoting Lbrto
{quote} up to what level?
What retracement?

Whale said 1.214 and I agree with him. If this level drops, Buy isn't advisable anymore.
  • #778,788
  • Sep 28, 2023 8:05am Sep 28, 2023 8:05am
Quoting TheWraith
{quote} MN S2 on my chart.
oh..
Pivot are good.. but when it comes to Market structure/trend..
It kind of worthless
  • #778,789
  • Sep 28, 2023 8:05am Sep 28, 2023 8:05am
Quoting Whale
{quote} if the Japanese will keep the rates as now and for once in a while will do a Intervention it’s will go to 178 and above .. it’s sound I will wait for 240 (sounds bizarre but the chart shows it long long term)
Nothing sound ... Japenese will keep the rates as now and for once in a while will do a Intervention Intelligent it's will go to 178 and above Fish Head
You will wait for 240 Post Trades Time coming for you Big Time
  • #778,790
  • Sep 28, 2023 8:06am Sep 28, 2023 8:06am
Quoting Whale
{quote} oh.. Pivot are good.. but when it comes to Market structure/trend.. It kind of worthless
The system served me well and continues to do it's job. I won't complain!
  • #778,791
  • Sep 28, 2023 8:10am Sep 28, 2023 8:10am
Quoting TheWraith
{quote} I didn't say you're wrong! This just looked to me at first like retracement.. this could very well be a start of another drop. You're right Germany is dead, but Germany has been dead for a while.
You are right buddy, i just see bloomberg and other mainstream media pumping fear into the market creating a sell off rally Germany is in recession for a while now but somehow only now they make it a big deal
And i am like "ok, let's sell it and go with the flow " haha
You have to have an IQ higher than 90 to interact with this user.
  • #778,792
  • Sep 28, 2023 8:13am Sep 28, 2023 8:13am
for 20 pips
Attached Image (click to enlarge)
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yes yes yes
  • #778,793
  • Sep 28, 2023 8:14am Sep 28, 2023 8:14am
Quoting LongTrmTrdng
{quote} Nothing sound ... Japenese will keep the rates as now and for once in a while will do a Intervention Intelligent it's will go to 178 and above Fish Head You will wait for 240 Post Trades Time coming for you Big Time
I call la la land on USD/JPY going any higher than recent highs. Yen is still a safe haven currency and that we witnessed hundred times already to be true.
What happened when Credit Suisse collapsed? All currencies dropped 500 pips that day (IN A DAY). There were more examples of course...
  • #778,794
  • Sep 28, 2023 8:16am Sep 28, 2023 8:16am
Zzxzzzzzzzzz 50/50 up or down here on the 5 min 10/20 ema cross saying short but 100 ema and 209 cross says up .. so we might have to wait a bit in case it consolidates
  • #778,795
  • Sep 28, 2023 8:19am Sep 28, 2023 8:19am
Quoting TheWraith
{quote} What retracement? Whale said 1.214 and I agree with him. If this level drops, Buy isn't advisable anymore.
thanks!
"No trade is still a trade." - Peter Borish
  • #778,796
  • Sep 28, 2023 8:19am Sep 28, 2023 8:19am
Quoting Moty
for 20 pips {image}

moty..i know brits cant own guns like us but can you go out in your back yard with a slingshot and shoot the crows on any telephone poles ?

this may be our only chance to reverse price this week
short trump and go long the deepstate
  • #778,797
  • Sep 28, 2023 8:23am Sep 28, 2023 8:23am
Quoting Zebi
{quote} moty..i know brits cant own guns like us but can you go out in your back yard with a slingshot and shoot the crows on any telephone poles ? this may be our only chance to reverse price this week
Hilarious...

Poor crows.. what have they done....

You know crows are intelligent and will track you down?
  • #778,798
  • Sep 28, 2023 8:26am Sep 28, 2023 8:26am
Quoting TheWraith
{quote} I call la la land on USD/JPY going any higher than recent highs. Yen is still a safe haven currency and that we witnessed hundred times already to be true. What happened when Credit Suisse collapsed? All currencies dropped 500 pips that day (IN A DAY). There were more examples of course...
Some dropped some skyrocket.....that is...
  • #778,799
  • Sep 28, 2023 8:27am Sep 28, 2023 8:27am
Attached Image (click to enlarge)
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Let’s see then
  • #778,800
  • Sep 28, 2023 8:30am Sep 28, 2023 8:30am
GBPUSD 15M

Went Short for some pips.

Not too high probability that this trade will be successful, but we'll see.
That's why lot size isn't big also.
Attached Image (click to enlarge)
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