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Cable Update (GBPUSD)

  • #785,841
  • Oct 25, 2023 7:07am Oct 25, 2023 7:07am
Quoting dantpm
{quote} What I like about the FF numbers is that they update during the day. I don't believe DailyFX does that.
dailyfx do take their sweet time to update. Especially the data
Insane in the Brain..
  • #785,842
  • Oct 25, 2023 7:21am Oct 25, 2023 7:21am
It's time to climb to the top
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  • #785,843
  • Oct 25, 2023 7:39am Oct 25, 2023 7:39am
Quoting JavadZohani
It's time to climb to the top {image}
First it reaches the target of 1.20700 then back to 1.22
WT
  • #785,844
  • Oct 25, 2023 7:41am Oct 25, 2023 7:41am
Quoting Bartosz77
{quote} First it reaches the target of 1.20700 then back to 1.22
And then a deep dive again (next month)
WT
  • #785,845
  • Oct 25, 2023 7:46am Oct 25, 2023 7:46am
I recommend myfxbook for retail sentiment, it shows tens of thousands positions compared to just 200 on this site. Retail sentiment is a powerful tool if used correctly. You often have pairs that go up to 95+% of retail traders buying/selling and the market always going the other direction. Especially towards the end of a trend when retailer get squeezed hard. For example recently eurnzd had 99% of retail traders shorting for over a week and it still went up, it works like a clockwerk. GU right now has 86% long.
  • #785,846
  • Oct 25, 2023 7:50am Oct 25, 2023 7:50am
Quoting Bartosz77
{quote} First it reaches the target of 1.20700 then back to 1.22
Yes, you are right
But the market never moves forward as we think
But before reaching 1.20700, we have an increase in time of 15 and 30 minutes, short but suitable.
  • #785,847
  • Oct 25, 2023 7:52am Oct 25, 2023 7:52am
First time price is above m1 200 ema nand since lo
Come on come back
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yes yes yes
  • #785,848
  • Oct 25, 2023 7:56am Oct 25, 2023 7:56am
come on GU fly for us baby!
  • #785,849
  • Oct 25, 2023 7:57am Oct 25, 2023 7:57am
Quoting Moty
First time price is above m1 200 ema nand since lo Come on come back {image}
  • #785,850
  • Oct 25, 2023 8:03am Oct 25, 2023 8:03am
Long here @ 1.2127, SL 1.2110, TP 1.2355
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  • #785,851
  • Oct 25, 2023 8:07am Oct 25, 2023 8:07am
In short-1.2133
Tp- LL- below 1.2034
Sl-1.2152
  • #785,852
  • Oct 25, 2023 8:07am Oct 25, 2023 8:07am
I m Short UJ
sl 20 pips
tp open
  • #785,853
  • Oct 25, 2023 8:09am Oct 25, 2023 8:09am
Quoting Moty
First time price is above m1 200 ema nand since lo Come on come back {image}
Wow...
  • #785,854
  • Oct 25, 2023 8:10am Oct 25, 2023 8:10am
Quoting fxmasterdxb
Long here @ 1.2127, SL 1.2110, TP 1.2355 {image}
Wow! It's a 10loter!
  • #785,855
  • Oct 25, 2023 8:12am Oct 25, 2023 8:12am
Quoting fxmasterdxb
Long here @ 1.2127, SL 1.2110, TP 1.2355 {image}
Short Here, TP: 1.2101
  • #785,856
  • Oct 25, 2023 8:13am Oct 25, 2023 8:13am
Quoting stormtrader
I m Short UJ sl 20 pips tp open
im short UJ too!
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  • #785,857
  • Oct 25, 2023 8:14am Oct 25, 2023 8:14am
Quoting fxmasterdxb
{quote} im short UJ too! {image}
i wanna short too but its triple swap day
  • #785,858
  • Oct 25, 2023 8:15am Oct 25, 2023 8:15am
Quoting kenny4real
{quote} Wow! It's a 10loter!
i hope this time i will be right
i took some beating with the long of yesterday
Im much more confident today though
  • #785,859
  • Oct 25, 2023 8:16am Oct 25, 2023 8:16am
to me it looks like the dxy has still room to go up and break 106.7/8 again so probably another drop in gu/eu. After a sharp drop like we just had in gu it usually ends with a volatile move before a reversal. I could be wrong ofc.
  • #785,860
  • Oct 25, 2023 8:19am Oct 25, 2023 8:19am
Quoting Nvrmd
to me it looks like the dxy has still room to go up and break 106.7/8 again so probably another drop in gu/eu. After a sharp drop like we just had in gu it usually ends with a volatile move before a reversal. I could be wrong ofc.
You are absolutely correct, I am expecting a further decline in GU below the previous day's low.
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