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Cable Update (GBPUSD)

  • #789,601
  • Nov 11, 2023 7:45am Nov 11, 2023 7:45am
Quoting tiborf71
the weekend is the only time worth posting anything here. because in this case there isn't that much crap on this thread. and there aren't that many teachers.

if the learner come weekend and no teacher what are you coming to learn?
MY OPINION NOT FINANCIAL ADVISE
  • #789,602
  • Nov 11, 2023 8:02am Nov 11, 2023 8:02am
Quoting donfriday
{quote} if the learner come weekend and no teacher what are you coming to learn?
don't be funny.
this thread is just a ridiculous charade.
  • #789,603
  • Nov 11, 2023 8:22am Nov 11, 2023 8:22am
Quoting Jolita
{quote} Hi Pat, wow, this was a move! Amazing catch .as always. The 2 down candles made me lose CME futures weekly challenge, but if I had more time could have won +200% with this bullish reversal. Nasdaq is the King. Check out the next 3 Beauties in the World - Nvidia, Advanced Micro Devices Inc and Intel Corp.

After speach of Powell I found this strong move strange.

Is it the desire for end of the year bull move
  • #789,604
  • Nov 11, 2023 8:33am Nov 11, 2023 8:33am
Quoting tiborf71
{quote} don't be funny. this thread is just a ridiculous charade.


you cant change what you dont control

just have fun dont be too deep in
MY OPINION NOT FINANCIAL ADVISE
  • #789,605
  • Nov 11, 2023 8:48am Nov 11, 2023 8:48am
Quoting Eren10
{quote} After speach of Powell I found this strong move strange. Is it the desire for end of the year bull move
I didn't follow Powells speech on Friday, was away.
US debt is getting worse, Moody downgrade, also one of China banks had problems buying US treasuries, all somehow connected.
Dollar strength will reverse at some point but not right now I think.
Big sharks predicted that the stock market will be bullish.
UK in stagnation. Trading is not easy,.
Trade safe
  • #789,606
  • Nov 11, 2023 9:44am Nov 11, 2023 9:44am
Quoting tiborf71
{quote} don't be funny. this thread is just a ridiculous charade.

as in trading, try to block out the noise in the thread and only follow the voices that are worth reading
trading is like dancing, don't think and just listen to the music!
  • #789,607
  • Nov 11, 2023 10:20am Nov 11, 2023 10:20am
So, I checked out the financial news schedules for next week. Nothing much on Monday. But starting on Tuesday, all the way to Friday, the expectation is leaning negative for USD and positive for EUR and GBP. So, based on that alone, I have to admit, my original prediction of "bottomless" EUR/USD price dumping action could be wrong.
My trading plan for next week: On Monday, look for further signs of bullish support and bearish weakness. Once confirmed, I expect to close all shorts and go heavy with longs and hold them all week. 200-400 pips north within a week or two does seem possible now. Thanks to Mitiblotch and others for trying to help me see this.
But, as always, risk management is key. Trade safe!
You cannot fail if you never give up.
  • #789,608
  • Nov 11, 2023 11:09am Nov 11, 2023 11:09am
Quoting birdland
{quote} as in trading, try to block out the noise in the thread and only follow the voices that are worth reading
If some one trade long when I am short ( in a particular day )

If this is regular feature, Should i block him ?

Somebody does this. Not me.

To me,,

1 ) I would like to block some one who disrespect me, question my results. Though it is none of their business, Profit or loss, it is mine.

2 ) I would block someone who spread hatread against me.

3 ) I would block some one who indulges in cheap tactics of trying to deviate me from my direction of trading.

4 ) I would block some one who indulge in caste/ community talks. They deserve that block. We all are one community, we all are traders.
Intraday only.
  • #789,609
  • Nov 11, 2023 11:11am Nov 11, 2023 11:11am
Quoting 7154Superman
So, I checked out the financial news schedules for next week. Nothing much on Monday. But starting on Tuesday, all the way to Friday, the expectation is leaning negative for USD and positive for EUR and GBP. So, based on that alone, I have to admit, my original prediction of "bottomless" EUR/USD price dumping action could be wrong. My trading plan for next week: On Monday, look for further signs of bullish support and bearish weakness. Once confirmed, I expect to close all shorts and go heavy with longs and hold them all week. 200-400 pips north...
your plan is good, although I don't intend to trade with this pair now, because I think there are much better options in aud/usd. usually both pairs react in one way or another to the strength of the dollar. I currently have a long position in the aud/usd pair. and it is likely that gbp/usd will follow
H4.
  • #789,610
  • Nov 11, 2023 11:46am Nov 11, 2023 11:46am
Tuesday is CPI release day.

Account blowing day.

If any retail trader has long/short open position, should preferably close b4 release.
Intraday only.
  • #789,611
  • Nov 11, 2023 11:57am Nov 11, 2023 11:57am
Quoting navk
{quote} If some one trade long when I am short ( in a particular day ) If this is regular feature, Should i block him ? Somebody does this. Not me. To me,, 1 ) I would like to block some one who disrespect me, question my results. Though it is none of their business, Profit or loss, it is mine. 2 ) I would block someone who spread hatread against me. 3 ) I would block some one who indulges in cheap tactics of trying to deviate me from my direction of trading. 4 ) I would block some one who indulge in caste/ community talks. They deserve that block....
Navk, There is a slow rot in this thread and I see more popular posters being targeted. Just keep on doing what you are doing and hopefully at some point they will be exposed.
Cheers.
Trade to trade another day
  • #789,612
  • Nov 11, 2023 12:02pm Nov 11, 2023 12:02pm
https://assets.faireconomy.media/nfs...r1618001_1.gif VladBuzdugan

Hi pal, sent you DM -- not sure if you seen it or not. zoom session was 5hrs ago will do zoom with you now if you want, Saturdays always boring af so let me know and we can get started
  • #789,613
  • Nov 11, 2023 12:03pm Nov 11, 2023 12:03pm
Quoting navk
{quote} If some one trade long when I am short ( in a particular day ) If this is regular feature, Should i block him ? Somebody does this. Not me. To me,, 1 ) I would like to block some one who disrespect me, question my results. Though it is none of their business, Profit or loss, it is mine. 2 ) I would block someone who spread hatread against me. 3 ) I would block some one who indulges in cheap tactics of trying to deviate me from my direction of trading. 4 ) I would block some one who indulge in caste/ community talks. They deserve that block....
Well said
  • #789,614
  • Nov 11, 2023 12:20pm Nov 11, 2023 12:20pm
Quoting tiborf71
{quote} don't be funny. this thread is just a ridiculous charade.
Oh. So you are just here for the entertainment. No problem; we can make fun of you analyses and posts as part of the weekly entertainment package. Thanks for volunteering your material to the freak show.
To free Gazans of Hamas, use whatever it takes.
  • #789,615
  • Nov 11, 2023 12:22pm Nov 11, 2023 12:22pm
Quoting DrDave
{quote} Oh. So you are just here for the entertainment. No problem; we can make fun of you analyses and posts as part of the weekly entertainment package. Thanks for volunteering your material to the freak show.
He never posts any charts just spouts rubbish in every thread he goes ---- bit like me
  • #789,616
  • Nov 11, 2023 12:27pm Nov 11, 2023 12:27pm
Quoting T721
{quote} He never posts any charts just spouts rubbish in every thread he goes ---- bit like me
Considering he is here to be entertained, it is no surprise that he doesn't post charts-- that would take some actual thought and WORK, which would severely cut into his entertainment hours.
To free Gazans of Hamas, use whatever it takes.
  • #789,617
  • Edited 2:06pm Nov 11, 2023 12:33pm | Edited 2:06pm
The Pound Dollar GBP/USD currency pair ends the trading week as part of the development of a strong bullish correction and a bearish channel. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines down, which indicates pressure from sellers and the potential continuation of the fall of the British Pound against the US Dollar from the current levels. At the moment, we should expect an attempt to develop a rise and a test of the resistance area near the level of 1.2235. Further, a rebound downwards and the continuation of the fall of the Pound Dollar quotes to the area below the level of 1.1155.
An additional signal in favor of a decline in the British Pound will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the bearish channel. The cancellation of the fall of the GBP/USD pair in the current trading week on November 13 — 17, 2023 will be a strong increase in quotations and a breakdown of the 1.2565 area. This will indicate the breakdown of the resistance area and the continuation of growth in the area above the level of 1.2775. Confirmation of the fall of the GBP/USD currency will be the breakdown of the support area and the closing of the price below the level of 1.1515, which will indicate a breakdown of the lower boundary of the bullish channel.
Attached Image (click to enlarge)
Click to Enlarge Name: analytics654c72edb52a1.jpg Size: 193 KB


Among the important news from the UK that may affect the Pound Dollar exchange rate, it is worth highlighting: The change in the number of applications for unemployment benefits in the UK (United Kingdom Claimant Count Change), Retail sales in the UK m/m (United Kingdom Retail Sales m/m).
Thus, the GBP/USD Forex forecast for November 13 — 17, 2023 suggests an attempt to correct and test the resistance level near the 1.2235 area. From where should we expect the currency pair to continue falling with a target below the 1.1155 area. An additional signal in favor of a decline will be a trend line test on the relative strength indicator. The cancellation of the fall of the Pound Dollar pair will be a strong growth and a breakdown of the 1.2565 level. In this case, we should expect the pair to continue to rise with a potential target above the 1.2775 level.
Detailed analysis in the folder

{ virus risk deleted by staff }
Don’t focus on making $$$, focus on protecting what you have.
  • #789,618
  • Nov 11, 2023 1:26pm Nov 11, 2023 1:26pm
Quoting navk
{quote} If some one trade long when I am short ( in a particular day ) If this is regular feature, Should i block him ? Somebody does this. Not me. To me,, 1 ) I would like to block some one who disrespect me, question my results. Though it is none of their business, Profit or loss, it is mine. 2 ) I would block someone who spread hatread against me. 3 ) I would block some one who indulges in cheap tactics of trying to deviate me from my direction of trading. 4 ) I would block some one who indulge in caste/ community talks. They deserve that block....

youre a 1 and 5 min chart trader who doesnt post his entries so how can anyone go against you?

i post my trades cause id like feedback...maybe i missed something in my analysis and someone can point it out

for a rough and tumble dog eat dog profession lots of people in FF have such thin skin LOL
Inserted Video


people go against my trades in here and gold thread and i dont care since they scalpers and im a swing position trader...so why do you care?
short trump and go long the deepstate
  • #789,619
  • Nov 11, 2023 1:40pm Nov 11, 2023 1:40pm
i held on to my longs cause the weekly dollar candle didnt close above the midpoint of that big weekly red candle
and i got another sell sig on dollar daily...which makes 2 sell sigs...one on wednesday and friday
short trump and go long the deepstate
  • #789,620
  • Edited 2:20pm Nov 11, 2023 1:45pm | Edited 2:20pm
Quoting Zebi
{quote} youre a 1 and 5 min chart trader who doesnt post his entries so how can anyone go against you? i post my trades cause id like feedback...maybe i missed something in my analysis and someone can point it out for a rough and tumble dog eat dog profession lots of people in FF have such thin skin LOL https://youtu.be/DfxIZT63pg4 people go against my trades in here and gold thread and i dont care since they scalpers and im a swing position trader...so why do you care?
you want to be in my list of likes or dislikes ?

I will take immediate action on seeing your response.
Intraday only.
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