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Cable Update (GBPUSD)

  • #779,941
  • Oct 3, 2023 3:27pm Oct 3, 2023 3:27pm
Close below 1.21 will yield more shorting
  • #779,942
  • Oct 3, 2023 3:39pm Oct 3, 2023 3:39pm
Hej fellows it is potentially a trap , Will be a short squeeze. How hard I have no idea. Fucking dollar is very powerful. Making me surprise again and again.
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  • #779,943
  • Oct 3, 2023 3:40pm Oct 3, 2023 3:40pm
Quoting KareemAliFx
{quote} I’m not sure but judging where the wick ends , it is very likely that was all to stop longs out before the next impulse up. It went straight down to the liquidity zone
I was reading somewhere hedge funds add positions and remove later to create confusion and believe, also by doing this sometimes they lose too
  • #779,944
  • Oct 3, 2023 3:42pm Oct 3, 2023 3:42pm
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E. and BP 5' --- FLAT in both. Reversal underway...????

  • #779,945
  • Edited 3:59pm Oct 3, 2023 3:43pm | Edited 3:59pm
Quoting KareemAliFx
{quote} I’m not sure but judging where the wick ends , it is very likely that was all to stop longs out before the next impulse up. It went straight down to the liquidity zone
Oil is finally lower this week, strange to see shorts in negative.

Thanks

Latest open interest 90 and 85 are busy areas, positions will be hedged
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  • #779,946
  • Oct 3, 2023 3:51pm Oct 3, 2023 3:51pm
Quoting Jolita
{quote} I was reading somewhere hedge funds add positions and remove later to create confusion and believe, also by doing this sometimes they lose too
yup they like to induce traders into taking the opposite direction and then using their positions to their advantage. Happens all the time . For example , They would push price above resistance to induce longs then drop it down and wipe em clean. Or push price above a trendline take time to have retail build longs and trap them. Love catching those moves ! Most people are saying the drop on UJ today was an intervention but this happened at 2 in the morning Japan time and the price action screams stop hunt to me. Let’s see what happens

Cheers !
Master your mind. Master Trading.
  • #779,947
  • Oct 3, 2023 4:09pm Oct 3, 2023 4:09pm
Quoting KareemAliFx
{quote} yup they like to induce traders into taking the opposite direction and then using their positions to their advantage. Happens all the time . For example , They would push price above resistance to induce longs then drop it down and wipe em clean. Or push price above a trendline take time to have retail build longs and trap them. Love catching those moves ! Most people are saying the drop on UJ today was an intervention but this happened at 2 in the morning Japan time and the price action screams stop hunt to me. Let’s see what happens Cheers...
It is their task to wipe out all weak traders. If you look at the chart to see how hedge fund managers trade, they always trade opposite other traders, and if there s a bull in the field, hedgers will control the price and oppose them.

UJ, I caught a bit of this, will see if price will be pushed lower. We were due a retracement and bears are hungry.
  • #779,948
  • Oct 3, 2023 4:17pm Oct 3, 2023 4:17pm
Who here has targets at 1.20 and below
  • #779,949
  • Oct 3, 2023 4:51pm Oct 3, 2023 4:51pm
nothing to stop it reaching 1.181 if 1.208 holds as resistance.

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Its all just one persons opinion
  • #779,950
  • Oct 3, 2023 4:51pm Oct 3, 2023 4:51pm
Quoting Jolita
{quote} Oil is finally lower this week, strange to see shorts in negative. Thanks Latest open interest 90 and 85 are busy areas, positions will be hedged {image}
Looks like oil is due for a drop bigger time frames scream it and also strong dollar will push it lower . Oil demand is much bigger during summer , we are now heading to winter . Good luck
Master your mind. Master Trading.
  • #779,951
  • Oct 3, 2023 5:02pm Oct 3, 2023 5:02pm
Quoting KareemAliFx
{quote} Looks like oil is due for a drop bigger time frames scream it and also strong dollar will push it lower . Oil demand is much bigger during summer , we are now heading to winter . Good luck
My view will discount to $80, then long to $150, October is high demand, winter season and shortage.
Thanks, good to you too.
  • #779,952
  • Oct 3, 2023 6:18pm Oct 3, 2023 6:18pm
Quoting Nordling
short Dow Jones, GU, EU before it's too late
Gu and eu shorts doing good. Before the fact as always. Switched to selling xauusd rather than dj30 due to risk management tho. I didn't mention shorting xauusd but we can ignore that part

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Hopefully they go down more and give me a bday gift lol. Dang i came here when i was 20. Now i am turning 23. Man's getting old
You have to have an IQ higher than 90 to interact with this user.
  • #779,953
  • Oct 3, 2023 6:37pm Oct 3, 2023 6:37pm
Quoting Nordling
{quote} Gu and eu shorts doing good. Before the fact as always. Switched to selling xauusd rather than dj30 due to risk management tho. I didn't mention shorting xauusd but we can ignore that part {image} {image} Hopefully they go down more and give me a bday gift lol. Dang i came here when i was 20. Now i am turning 23. Man's getting old
Target?
  • #779,954
  • Oct 3, 2023 6:43pm Oct 3, 2023 6:43pm
Quoting shakmoney
{quote} Target?
No target. I will keep selling until my fundamental analysis tell me to switch to long
You have to have an IQ higher than 90 to interact with this user.
  • #779,955
  • Oct 3, 2023 6:47pm Oct 3, 2023 6:47pm
Quoting Nordling
{quote} No target. I will keep selling until my fundamental analysis tell me to switch to long
big mistake I made years back . Fundamental analysis can be point on but should always have a target . Price never moves in one straight line. Always have a target otherwise you wake up to losing 40% - 80% of your profit
that’s the shit that kept me from going full time . Get in, get out .
Master your mind. Master Trading.
  • #779,956
  • Oct 3, 2023 6:54pm Oct 3, 2023 6:54pm
Quoting KareemAliFx
{quote} big mistake I made years back . Fundamental analysis can be point on but should always have a target . Price never moves in one straight line. Always have a target otherwise you wake up to losing 40% - 80% of your profit that’s the shit that kept me from going full time . Get in, get out .
what is your target? 1.20?
  • #779,957
  • Oct 3, 2023 6:57pm Oct 3, 2023 6:57pm
Quoting shakmoney
{quote} what is your target? 1.20?
not in Gbpusd , eurusd targeting 1.04000 and 1.03000 depending on price action. For usdjpy I’m targeting 150 for one position and the other I’m going to leave open since it’s fresh new highs
Master your mind. Master Trading.
  • #779,958
  • Oct 3, 2023 7:05pm Oct 3, 2023 7:05pm
waiting for sells at 2120 today
Emotional Control. Process, not outcome.
  • #779,959
  • Oct 3, 2023 7:11pm Oct 3, 2023 7:11pm
Quoting KareemAliFx
{quote} not in Gbpusd , eurusd targeting 1.04000 and 1.03000 depending on price action. For usdjpy I’m targeting 150 for one position and the other I’m going to leave open since it’s fresh new highs
same for me on those, what about gu?
  • #779,960
  • Oct 3, 2023 7:27pm Oct 3, 2023 7:27pm
Pound seems to be holding above 1.206 currently
Euro has been weak and showed little signs of bullish momentum yesterday.
However, my H4 view still shows a potential bull move today. (If you're using BB, the price is at the parabolic end of Bb, usually price tends to shift here)
Price can break 1.205 towards 1.203 before going upwards.
Daily candle was a indecision candle and morning star may occur.
Just my view.
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