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Cable Update (GBPUSD)

  • #780,581
  • Oct 5, 2023 7:24am Oct 5, 2023 7:24am
I am ready
Come on pulll back to 1.21060 and from there to 1.21500-1.22000
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yes yes yes
  • #780,582
  • Oct 5, 2023 7:27am Oct 5, 2023 7:27am
Lets see
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  • #780,583
  • Oct 5, 2023 7:28am Oct 5, 2023 7:28am
Scalp Long

TP 1.2202
SL pending...
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Face 'ur fears & tame 'ur greed
  • #780,584
  • Oct 5, 2023 7:29am Oct 5, 2023 7:29am
Fast fingers or nothing as we might of had the move set in this morning
  • #780,585
  • Oct 5, 2023 7:31am Oct 5, 2023 7:31am
Quoting Moty
I am ready Come on pulll back to 1.21060 and from there to 1.21500-1.22000 {image}
I'm looking at 2114...then up to yesterday H.....
average dude treading water
  • #780,586
  • Oct 5, 2023 7:32am Oct 5, 2023 7:32am
Lmao, market no reaction. Wait for this 4h bar to close is better before jumping in long or short.
Exhausted
  • #780,587
  • Oct 5, 2023 7:32am Oct 5, 2023 7:32am
Next set up is ready
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yes yes yes
  • #780,588
  • Oct 5, 2023 7:33am Oct 5, 2023 7:33am
No entry for these trades yet will wait until after news and next 4 hour bar
Follow The Markets Structure - Patience and Discipline
  • #780,589
  • Oct 5, 2023 7:33am Oct 5, 2023 7:33am
it will not go up much, we are still in a downtrend
  • #780,590
  • Oct 5, 2023 7:36am Oct 5, 2023 7:36am
Quoting Elysion
Lmao, market no reaction. Wait for this 4h bar to close is better before jumping in long or short.
News are too weak. Slightly prefere USD Up. ADR not reached today. Can go to both sides now. USD/JPY still blocks lower GBP/USD, BOJ probably intervene again currently at 149, so GBP/USD is limited to the downside.

Quite dangerous currently to trade. I don't think BOJ will drop the mic today (so USD would pop up) but the interventions at 149 level is too often for my taste now. Someone really wants to push it through. Could End in a big sell off on GBP/USD (very unlikely but who knows, BOJ is sometimes a bit unpredicatble).
  • #780,591
  • Oct 5, 2023 7:37am Oct 5, 2023 7:37am
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State of play
  • #780,592
  • Oct 5, 2023 7:38am Oct 5, 2023 7:38am
O it’s gone brok
  • #780,593
  • Oct 5, 2023 7:38am Oct 5, 2023 7:38am
Quoting JackintheBox
{quote} News are too weak. Slightly prefere USD Up. ADR not reached today. Can go to both sides now. USD/JPY still blocks lower GBP/USD, BOJ probably intervene again currently at 149, so GBP/USD is limited to the downside. Quite dangerous currently to trade. I don't think BOJ will drop the mic today (so USD would pop up) but the interventions at 149 level is too often for my taste now. Someone really wants to push it through. Could End in a big sell off on GBP/USD (very unlikely but who knows, BOJ is sometimes a bit unpredicatble).
If tomorrow NFP favors USD, Boj might intervene.
But seriously though, big news + BoJ lurking around.
Difficult to actually gauge the direction.
Exhausted
  • #780,594
  • Oct 5, 2023 7:39am Oct 5, 2023 7:39am
Alarms going all over now . 2109 was this mornings number
  • #780,595
  • Oct 5, 2023 7:39am Oct 5, 2023 7:39am
Amber news making waves lol
Insane in the Brain..
  • #780,596
  • Oct 5, 2023 7:39am Oct 5, 2023 7:39am
You can see they want the volatility on GBP/USD but it's blocked. They already invested a lot on short to break it downside but they always get stuck, I think it is because of BOJ, watch EUR/GBP, here you can see weird move (happens when someone intervenes, does not have to be ECB (eur) or GBP (BOE)).

Currently again, speculators against BOJ, next try to push USD through the roof, gaining ground everywhere except at USD/JPY... poor BOJ.
  • #780,597
  • Oct 5, 2023 7:42am Oct 5, 2023 7:42am
I rely on BOJ, so I'm long at 1.2110 for scalp. Should work out. Trade is not recommended for newbies.

Edit: I'm happy, finally volatility is back because big boys have to make money. Always a mess from July till Aug/Sept.
  • #780,598
  • Oct 5, 2023 7:43am Oct 5, 2023 7:43am
Quoting JackintheBox
I rely on BOJ, so I'm long at 1.2110 for scalp. Should work out. Trade is not recommended for newbies.
uj will make another new high probably
  • #780,599
  • Oct 5, 2023 7:43am Oct 5, 2023 7:43am
Long 1.2108 SL 1.2098
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #780,600
  • Oct 5, 2023 7:43am Oct 5, 2023 7:43am
Quoting corongumet
{image}
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