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Cable Update (GBPUSD)

  • #780,601
  • Oct 5, 2023 5:44am Oct 5, 2023 5:44am
Quoting JereMi256
Scalp Long TP 1.2202 SL pending... {image}
SL 1.2106
Face 'ur fears & tame 'ur greed
  • #780,602
  • Oct 5, 2023 5:44am Oct 5, 2023 5:44am
Attached Image (click to enlarge)
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Some more levels 2042 is 261.8 .. 2076 is 161.8 fib
  • #780,603
  • Oct 5, 2023 5:45am Oct 5, 2023 5:45am
Quoting Moty
I am ready Come on pulll back to 1.21060 and from there to 1.21500-1.22000 {image}
Now go to 1.22000
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yes yes yes
  • #780,604
  • Oct 5, 2023 5:47am Oct 5, 2023 5:47am
Quoting corongumet
{quote}
Low volume
  • #780,605
  • Oct 5, 2023 5:47am Oct 5, 2023 5:47am
Quoting JackintheBox
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.
Worked out, all out at 1.2119. Thanks to BOJ. USD/JPY just dropped also 20 pips. Ok, BOJ is still in play.
  • #780,606
  • Oct 5, 2023 5:48am Oct 5, 2023 5:48am
Quoting corongumet
{quote} Low volume
the most venomous market type.
  • #780,607
  • Oct 5, 2023 5:49am Oct 5, 2023 5:49am
Disappointed there . See it it rejects now
  • #780,608
  • Oct 5, 2023 5:49am Oct 5, 2023 5:49am
Quoting corongumet
{quote} Low volume
Do you have any news to that. I cannot see the volume (I know you cannot see it but you can see it on different broker pages may be, would be awesome if you would have datas for that)
  • #780,609
  • Oct 5, 2023 5:50am Oct 5, 2023 5:50am
The Pound-Dollar rebounded a little and then fell sharply.
I also had two short positions, so I closed them and exited.
I am grateful that it ended with a profit.
Attached Image (click to enlarge)
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  • #780,610
  • Oct 5, 2023 5:51am Oct 5, 2023 5:51am
Quoting Moty
{quote} Now go to 1.22000 {image}
you might be down 200 pips again
  • #780,611
  • Oct 5, 2023 5:53am Oct 5, 2023 5:53am
Chinese bank holiday today. Does they already have such a high impact on Volume, also only 177 traders online here, most times >250 at that time.
The reason why GBP/USD did not break the 1.2108 is because of BOJ, believe me. I wonder if they try it again today, that would drive the big shorties even more in the mess. They are already underwater now.

Probability of spike up on GBP/USD is rising because they have to close their positions. I should have kept half position this time from 1.2110.
  • #780,612
  • Oct 5, 2023 5:56am Oct 5, 2023 5:56am
Quoting JackintheBox
{quote} Do you have any news to that. I cannot see the volume (I know you cannot see it but you can see it on different broker pages may be, would be awesome if you would have datas for that)
IMO= the bear loses pressure
I use Net Volume
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  • #780,613
  • Oct 5, 2023 5:59am Oct 5, 2023 5:59am
Quoting JackintheBox
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.
Sept was a mess, I lose quite a lot during Sept.
Exhausted
  • #780,614
  • Oct 5, 2023 5:59am Oct 5, 2023 5:59am
Quoting JereMi256
{quote} SL 1.2106
Almost got hit, let's see if we have some bulls.
Attached Image (click to enlarge)
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Face 'ur fears & tame 'ur greed
  • #780,615
  • Oct 5, 2023 6:00am Oct 5, 2023 6:00am
Quoting JackintheBox
Chinese bank holiday today. Does they already have such a high impact on Volume, also only 177 traders online here, most times >250 at that time. The reason why GBP/USD did not break the 1.2108 is because of BOJ, believe me. I wonder if they try it again today, that would drive the big shorties even more in the mess. They are already underwater now. Probability of spike up on GBP/USD is rising because they have to close their positions. I should have kept half position this time from 1.2110.
First defense line for shorties today now 1.2136 area (Fib retrace), let's see how market reacts now, if they let it go till there (1.2136) or if they try to push it down now one more time.
  • #780,616
  • Oct 5, 2023 6:00am Oct 5, 2023 6:00am
Quoting Fadhl
Sharing my LT and ST view. My Outlook is SELL. 1.275x is Sell LMT. {image} {image}
Here is an update of my LT and ST view. PA should retrace up to 1.248x-1.266x. Hence tomorrow NFP data should be negative (undershoot). In case of green NFP data, PA will go straight to 1.176x.
For today, PA should test again 1.2078.
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  • #780,617
  • Oct 5, 2023 6:01am Oct 5, 2023 6:01am
Quoting JereMi256
{quote} Almost got hit, let's see if we have some bulls. {image}
That was tight bro, close call.
Exhausted
  • #780,618
  • Oct 5, 2023 6:03am Oct 5, 2023 6:03am
1.21098 was a great support
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yes yes yes
  • #780,619
  • Oct 5, 2023 6:03am Oct 5, 2023 6:03am
Watch 2136 area
  • #780,620
  • Oct 5, 2023 6:03am Oct 5, 2023 6:03am
Quoting Whale
{quote} wit will get there.. i dont know what price will be the trigger. maybe the trigger already on {image}
price made it and rejected..will wait for real action after NYO retailers will enter the market in about 30m..

prefer short but will no hesitate to buy.
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