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Cable Update (GBPUSD)

  • #785,821
  • Oct 25, 2023 6:04am Oct 25, 2023 6:04am
Quoting Yngwie
{quote} Support 1 at Daily Pivot
Aha, thanks for your clarification, I will do more research on this
  • #785,822
  • Oct 25, 2023 6:06am Oct 25, 2023 6:06am
don't underestimate the conflict in israel and the middle east regarding GU and dollar.

the ukraine-russia war has already caused enormous upheavals.

and what would happen if many countries like lebanon, syria or iran intervened?
trading is like dancing, don't think and just listen to the music!
  • #785,823
  • Oct 25, 2023 6:07am Oct 25, 2023 6:07am
USD/JPY on the limit again ~150. Could help GBP/USD to go up a bit. Probably selling pressure of USD will come soon from BOJ.... - or they decide to kick the level now and USD/JPY pops to 151 in a second. That would fit to the missing pips downwards on GBP/USD on monthly lol. - No, I don't expect that. BOE will intervene, quite sure.
  • #785,824
  • Oct 25, 2023 6:08am Oct 25, 2023 6:08am
Quoting zuko
{quote} Hmm... Yes, I can see easily W setup on 1M or 5M chart... after the fact... I can see it or confirm it only after around 13:15 - 13:20 when second leg is forming However, Yngwie had posted his entry at 12:55 when only first leg was forming and entered the trade at the very low. So, it was far ahead before any price patter was formed. Therefore I am curious how???
insider trading lol
  • #785,825
  • Oct 25, 2023 6:14am Oct 25, 2023 6:14am
Quoting zuko
{quote} Aha, thanks for your clarification, I will do more research on this
Yngwie isn't perfect but he very often is able to catch bottoms, tops and the depth of the move ahead of most people!
  • #785,826
  • Oct 25, 2023 6:15am Oct 25, 2023 6:15am
...as georginson alluded to above, the current state of the ranges are as below, (well the ones I use to measure against anyways.) 10/20/40 ema crosses are no suprise either per 2nd visual. Price currently struggling to make any significant upside progress off current dly lo. It is up against some prev 30min sw lo zones = prev supp = pot sbr, and fibs, in the 1st instance.

1hr below
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Trader with an Edge.
  • #785,827
  • Oct 25, 2023 6:18am Oct 25, 2023 6:18am
Quoting birdland
don't underestimate the conflict in israel and the middle east regarding GU and dollar. the ukraine-russia war has already caused enormous upheavals. and what would happen if many countries like lebanon, syria or iran intervened?
Intervention is the middle east is typically indirect and not direct. They don't want anybody blowing up their refineries or bringing the war closer into their backyard.
  • #785,828
  • Oct 25, 2023 6:18am Oct 25, 2023 6:18am
Quoting donfriday
Successful traders often miss trades some setups is not yours keep waiting

Hahahahahahhahaha, I had a clean sell entry from yesterday move, you know some of those trades that goes straight to your TP without any hassle?
but i kept telling myself that i was done for the month and if you ask me, am secretly angry that i refused to take that and also happy that i did not
take that but showed self control and discipline, Lol. Cheers.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #785,829
  • Oct 25, 2023 6:19am Oct 25, 2023 6:19am
Quoting Moty
{image} {image}
Wow! The drawdown is really bad...hope you can hold it through
  • #785,830
  • Oct 25, 2023 6:20am Oct 25, 2023 6:20am
Quoting dantpm
{quote} Intervention is the middle east is typically indirect and not direct. They don't want anybody blowing up their refineries or bringing the war closer into their backyard.
yes, but we cant see into the future
trading is like dancing, don't think and just listen to the music!
  • #785,831
  • Oct 25, 2023 6:21am Oct 25, 2023 6:21am
Come on mister 1.21219
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yes yes yes
  • #785,832
  • Oct 25, 2023 6:30am Oct 25, 2023 6:30am
Quoting martinez1
{quote} Hahahahahahhahaha, I had a clean sell entry from yesterday move, you know some of those trades that goes straight to your TP without any hassle? but i kept telling myself that i was done for the month and if you ask me, am secretly angry that i refused to take that and also happy that i did not take that but showed self control and discipline, Lol. Cheers.
But it's a good thing you did!
You have self control than most traders!
  • #785,833
  • Oct 25, 2023 6:31am Oct 25, 2023 6:31am
Quoting DubaiFX
Hello Guys, i hope You guys are doing well, i just wanted to give my input that's all, first of all, i am trading USDJPY and Yen cross pairs but recently i added EURJPY and GBPJPY i am trading CHFJPY for a while i am actually in Loss my open positions 166.70, friday BOJ might give a hint to change their negative interest just a hint will be enough to Drop the Yen, thats my observation of recent market movement, and specially today's move is good one consistent not just a drop and reversed in few minutes, just look at the YEN pairs almost all of...
.
looks like USDJPY didn't drop but Cross pairs worked Well,
got out, will enter again 50 pip retracement,
Lets see how far EURJPY GBPJPY CHFJPY retraces,
.
i just wanted to put out there,
CHFJPY 167.90
EURJPY 159.10
GBPJPY 182.60
those are the levels i am looking to sell,
but i will enter soon if Necessary,
and about CAD today look for USDCAD drop also,
if BOC decides to be hawkish then CAD will get stronger and it is the only currency which can get Stronger and stay for long long time,
.
"" Luck is preparation meeting opportunity. – Oprah ""
Don't compare your Trades with Others
  • #785,834
  • Oct 25, 2023 6:32am Oct 25, 2023 6:32am
next long 2130
People don't plan to lose. They lose because they don't plan.
  • #785,835
  • Oct 25, 2023 6:37am Oct 25, 2023 6:37am
The first entry for long was a mistake
The entry should come after a tiny move in one of the directions
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yes yes yes
  • #785,836
  • Oct 25, 2023 6:40am Oct 25, 2023 6:40am
Quoting JackintheBox
{quote} Wow, thank you. Did not see that. Would explain the harshness of selling. Again, same pattern like in the morning. I don't think it is missing volume. It's still selling volume. Reduced my long to 1 avg. long now, small loss for the day currently. -Ah, I just see that was probably a mistake, market just jumped up 4 pips lol. But I'm fine with it. My aim should be to be +/-0 and not to make big hit today.
Now I sold everything with a small profit at 1.2131. May be it was enough upward move now to start a buy rally but i'm not sure. As Georginson said before, AWR (week) range has to expand much more and I don't expect it to the upside, also ADR today too low still. May be I´m wrong but I expect new lows today. Only triangle speaks against new lows but it was tested at 1.2117 around, it hold but can it resist a new test? I'm not sure. It's gamble now for me so no position. 1/3 of avg. daily earn, i'm happy under such conditions.
  • #785,837
  • Oct 25, 2023 6:41am Oct 25, 2023 6:41am
Pretty sure this sentiment thing is going to continue to be an anchor on GU!
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  • #785,838
  • Oct 25, 2023 6:44am Oct 25, 2023 6:44am
Quoting dantpm
Pretty sure this sentiment thing is going to continue to be an anchor on GU! {image}
Also on dailyfx.com GBP/USD +2% (73%) long... lots of money to take from the table for big boys.
  • #785,839
  • Oct 25, 2023 6:54am Oct 25, 2023 6:54am
Quoting JackintheBox
{quote} Also on dailyfx.com GBP/USD +2% (73%) long... lots of money to take from the table for big boys.
What I like about the FF numbers is that they update during the day. I don't believe DailyFX does that.
  • #785,840
  • Oct 25, 2023 6:58am Oct 25, 2023 6:58am
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