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Cable Update (GBPUSD)

  • #788,961
  • Nov 9, 2023 1:50am Nov 9, 2023 1:50am
Quoting hoda
GU_ Open sell with tight S.L {image}

gud
MY OPINION NOT FINANCIAL ADVISE
  • #788,962
  • Edited 2:20am Nov 9, 2023 1:50am | Edited 2:20am
Quoting Fardeen1209
{quote} Én azt látom, hogy először 1,2336, majd 1,22
Ez természetes, mivel az 1.2236 előtt van
  • #788,963
  • Nov 9, 2023 1:51am Nov 9, 2023 1:51am
Quoting Coreg2004
{quote} Houtbay, how many pips are you willing to sacrifice to see if the zone for AB=CD brakes? {image}
People take risk and sometimes we do stupid things...........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #788,964
  • Nov 9, 2023 1:56am Nov 9, 2023 1:56am
Quoting Pat Chiko
{quote} Some thought. Selecting the most appropriate currency pair (or instrument.. edit) for trading based on a consistent time allocation is a crucial aspect of forex success. . {image}
UOB Group expect GBP/USD to move within a consolidative range in the next few weeks.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #788,965
  • Nov 9, 2023 1:56am Nov 9, 2023 1:56am
Quoting Cr4zy
{quote} Ez természetes, mivel az 1.2236 előtt van
I think it goes down first and the ascent starts from 1.22.
  • #788,966
  • Nov 9, 2023 2:00am Nov 9, 2023 2:00am
closed all to be..change focuss to UJ
  • #788,967
  • Nov 9, 2023 2:04am Nov 9, 2023 2:04am
Quoting Fardeen1209
{quote} I see 1.2336 first then 1.22
Attached Image (click to enlarge)
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  • #788,968
  • Nov 9, 2023 2:05am Nov 9, 2023 2:05am
crosses are selling off. we can see 1.2210 as well if PA persists
  • #788,969
  • Nov 9, 2023 2:13am Nov 9, 2023 2:13am
Quoting Pat Chiko
{quote} Some thought. Selecting the most appropriate currency pair (or instrument.. edit) GJ - JPY is the driver here. GBP is remain neutral. Thus the push up is on JPY weakness. {image} NASDAQ - has broken Daily structure to the upside from 27th Oct. It is targeting to break Sept high. Nasdaq is likely to continue due to its strong fundamentals. The index is home to benefit from the continued growth of the technology industry. {image}

Cross Pairs

Understanding Cross Currencies
Cross Currencies are obtained by either multiplying/dividing two major pairs.
Let's use GBPJPY as an example.

GBPUSD is GBP/USD while USDJPY is USD/JPY.
GBPJPY is simply (GBP/USD) * (USD/JPY).


GBPUSD 1.22903
USDJPY 150.93
GJ 185.497

Multiplying the price quotes give the result shown on the calculator.
This is how the quote for cross currencies are obtained.

Let's note that sometimes we need to divide one pair by the other.
Like for
GBPAUD = GBPUSD ÷ AUDUSD



How do we use it to our advantage?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #788,970
  • Nov 9, 2023 2:22am Nov 9, 2023 2:22am
It would be interesting to know how many SL and TP just got triggered by this GU spike....
There is probably one clear winner, the trading algorithm!
  • #788,971
  • Nov 9, 2023 2:25am Nov 9, 2023 2:25am
took long gj
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yes yes yes
  • #788,972
  • Nov 9, 2023 2:29am Nov 9, 2023 2:29am
Quoting dantpm
It would be interesting to know how many SL and TP just got triggered by this GU spike.... There is probably one clear winner, the trading algorithm!
they are hunting
Attached Image (click to enlarge)
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yes yes yes
  • #788,973
  • Nov 9, 2023 2:31am Nov 9, 2023 2:31am
Quoting voeltoez
closed all to be..change focuss to UJ

UJ


The downside for the USD/JPY limited in the wake of the dovish stance adopted by the Bank of Japan (BoJ).
BoJ Kazuo Ueda said on Wednesday that the central bank will stick to ultra-loose policy until the recent cost-push inflation shifts into price rises driven more by robust domestic demand and higher wages.
This marks a big divergence in comparison to a relatively hawkish Fed.
Attached Image (click to enlarge)
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Weakness below the 150.65 attract fresh buyers near, currently pegged just ahead of the 150.00 psychological mark.
Japan intervene in the FX market, which, along with the cautious market mood, is seen lending some support to the safe-haven Japanese Yen (JPY).

Whcih LQ it want to wipe first...........
KAMAKAZEEEEEE.... Banzai,,,,,,,,,,,
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #788,974
  • Nov 9, 2023 2:31am Nov 9, 2023 2:31am
Quoting Moty
{quote} they are hunting {image}
I believe in this case, since they know where all of the 'booked' SL's and TP's are located, it is probably closer to farming than hunting!
  • #788,975
  • Nov 9, 2023 2:37am Nov 9, 2023 2:37am
Quoting Pat Chiko
{quote} Cross Pairs Understanding Cross Currencies Cross Currencies are obtained by either multiplying/dividing two major pairs. Let's use GBPJPY as an example. GBPUSD is GBP/USD while USDJPY is USD/JPY. GBPJPY is simply (GBP/USD) * (USD/JPY). GBPUSD 1.22903 USDJPY 150.93 GJ 185.497 Multiplying the price quotes give the result shown on the calculator. This is how the quote for cross currencies are obtained. Let's note that sometimes we need to divide one pair by the other. Like for GBPAUD = GBPUSD ÷ AUDUSD How do we use it to our advantage?
Wow...that's informative!
Learnt something new .
Thanks Pat Chiko
  • #788,976
  • Nov 9, 2023 2:39am Nov 9, 2023 2:39am
... waiting for Hoda to post that GU sell trades...
  • #788,977
  • Nov 9, 2023 2:45am Nov 9, 2023 2:45am
GU: manually close two time with small profit.
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Intraday Trading is an Art _ hoda
  • #788,978
  • Nov 9, 2023 2:55am Nov 9, 2023 2:55am
quick scalp.end of today

Quoting Pat Chiko
{quote} UJ The downside for the USD/JPY limited in the wake of the dovish stance adopted by the Bank of Japan (BoJ). BoJ Kazuo Ueda said on Wednesday that the central bank will stick to ultra-loose policy until the recent cost-push inflation shifts into price rises driven more by robust domestic demand and higher wages. This marks a big divergence in comparison to a relatively hawkish Fed. {image} Weakness below the 150.65 attract fresh buyers near, currently pegged just ahead of the 150.00 psychological mark. Japan intervene in the FX market, which,...
thanks it helped..coz im still confuse with pa
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  • #788,979
  • Nov 9, 2023 3:01am Nov 9, 2023 3:01am
Quoting voeltoez
quick scalp.end of today {quote} thanks it helped..coz im still confuse with pa {image}

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  • #788,980
  • Nov 9, 2023 3:01am Nov 9, 2023 3:01am
Quoting birdland
long today, around 2270 fibo i will buy
not quite the daily target but +18 and satisfied;-)

now I can do something else.
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
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