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Cable Update (GBPUSD)

  • #787,461
  • Nov 2, 2023 2:44am Nov 2, 2023 2:44am
Quoting Mitiblotch
Pending long 2140. SL 2040. TP 2250.
These spikes without touching the daily pivot at 2133 is making want to remove my pending buy trade.
  • #787,462
  • Nov 2, 2023 2:45am Nov 2, 2023 2:45am
Quoting hoda
{quote} My view: Bull run will start from 1.2159-1.2150 Area. {image}
GU: Close all
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Intraday Trading is an Art _ hoda
  • #787,463
  • Nov 2, 2023 2:47am Nov 2, 2023 2:47am
Quoting Yngwie
Long 1.2159 SL 1.2150
done london 27p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #787,464
  • Nov 2, 2023 2:51am Nov 2, 2023 2:51am
1.240 tmrw
Exhausted
  • #787,465
  • Nov 2, 2023 2:51am Nov 2, 2023 2:51am
Quoting Pat Chiko
{quote} GOLD Price movements are driven by a chain of cause and effect, requiring market makers to fill their order books and drain liquidity before initiating a move. This repetitive pattern has trapped retail traders for years. Good example on GOLD{image}

Holla, today starting with this one.
Would love to buy it cheaper
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #787,466
  • Nov 2, 2023 2:55am Nov 2, 2023 2:55am
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Intraday Trading is an Art _ hoda
  • #787,467
  • Nov 2, 2023 2:57am Nov 2, 2023 2:57am
Quoting hoda
{quote} GU: Close all {image}
Haaaaaaa
The simplicity of your strategy is what baffles me...just 10-20pips and money is everywhere
  • #787,468
  • Nov 2, 2023 2:59am Nov 2, 2023 2:59am
Quoting kenny4real
{quote} Haaaaaaa The simplicity of your strategy is what baffles me...just 10-20pips and money is everywhere
10-20 pips consistently beats high RR
Because market will move at least 20 pips a day but not always 50 pips - 100 pips.
Of course it's different for swing traders and position traders.
Exhausted
  • #787,469
  • Nov 2, 2023 3:00am Nov 2, 2023 3:00am
Quoting voeltoez
{quote} long trap i think.. short 2187 sl 2200
while USD was weak, GBP also getting Weaker. So it a little confusing
EURGBP also going UP
Waiting how much stress USD can be
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #787,470
  • Nov 2, 2023 3:02am Nov 2, 2023 3:02am
Quoting birdland
i think 2160-2155 is a good spot to buy
more than +27,

daily target reached;-)
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trading is like dancing, don't think and just listen to the music!
  • #787,471
  • Nov 2, 2023 3:05am Nov 2, 2023 3:05am
Quoting GODofMC
{quote} while USD was weak, GBP also getting Weaker. So it a little confusing EURGBP also going UP Waiting how much stress USD can be
better stay away from thia pair until.news
  • #787,472
  • Nov 2, 2023 3:07am Nov 2, 2023 3:07am
Quoting Mitiblotch
{quote} These spikes without touching the daily pivot at 2133 is making want to remove my pending buy trade.
Thursdays have big character of huge reversals... Check today's candle, no lower wick and fed wasn't dovish with BOE coming up in less than 2 hours.

70% chance that this price will crash with aggression towards 1.2000 between today and tomorrow. This is the second month of the last quarter and only recorded 300 pips so far out of expected 600 - 800 pips. Something must give way. Also considering last month produced a very small range, we are due for huge breakout this November... 1.17 or 1.25...

Eyes on the price... My stop at 1.2234 if it gets hit, I will have no regret. I may be brutally wrong with my bearish bias which is why I put the stop loss in place.

Trade with caution.
Data + Stat + Risk/Emotions Management
  • #787,473
  • Nov 2, 2023 3:14am Nov 2, 2023 3:14am
GU It's a bit of a struggle with high prices, but I went long. SL is about -10 pips, so if you make a mistake, you will immediately withdraw.

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  • #787,474
  • Nov 2, 2023 3:15am Nov 2, 2023 3:15am
Quoting Elysion
{quote} 10-20 pips consistently beats high RR Because market will move at least 20 pips a day but not always 50 pips - 100 pips. Of course it's different for swing traders and position traders.
You sure have a valid point!
  • #787,475
  • Nov 2, 2023 3:17am Nov 2, 2023 3:17am
Quoting birdland
{quote} more than +27, daily target reached;-) {image}
Wow...this is impressive
  • #787,476
  • Nov 2, 2023 3:19am Nov 2, 2023 3:19am
Got busy this morning...went shopping for my family, I have 3 kids.
I missed the GU buy but it's okay, ain't gonna chase price. I'll let it get to it's destination and wait for the next probable setup
  • #787,477
  • Nov 2, 2023 3:26am Nov 2, 2023 3:26am
90 mins till BoE, rates are expected to stay same and there is no talk about reducing the rates either.

yesterday Powell was convincing enough in his hawkish tone. Maybe see 12230 today. If it drops it does need to drop below 12100 as it’s been a big support area
Insane in the Brain..
  • #787,478
  • Nov 2, 2023 3:27am Nov 2, 2023 3:27am
Come on
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yes yes yes
  • #787,479
  • Nov 2, 2023 3:32am Nov 2, 2023 3:32am
GU: I failed 1.22 before, so I wonder if I can pass it this time? I feel like the buying strength is different from before. What do regular customers think?
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  • #787,480
  • Nov 2, 2023 3:34am Nov 2, 2023 3:34am
Quoting BeeTogether
90 mins till BoE, rates are expected to stay same and there is no talk about reducing the rates either. yesterday Powell was convincing enough in his hawkish tone. Maybe see 12230 today. If it drops it does need to drop below 12100 as it’s been a big support area
In my opinon Powell wasn't really hawkish. He clearly said "they have come far in this hiking cycle." He also mentioned that they have to give it time for the effects of the hikes to kick into the economy and bring some "suffering". When asked about rates in December he clearly reminded the journalist that they have been hiking since last year and that's far enough. His only hawkish tone was that rate cuts are not yet being discussed.
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