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Cable Update (GBPUSD)

  • #842,401
  • Oct 18, 2024 2:47am Oct 18, 2024 2:47am
also Labour have kicked off spending £90 billion they don't have, busy changing borrowing rules apparently
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #842,402
  • Oct 18, 2024 2:51am Oct 18, 2024 2:51am
Quoting Abeylyn
{quote} Hnnnn! but talking about it will assist in preventing such in future. Anyway, it's a way of life where uniformity doesn't exist. Everyone with his own ways and methods.
But once you find out that your own method works and you know its odds of success, nothing that people do or say here will ever matter to you again!
Emotional Control. Process, not outcome.
  • #842,403
  • Edited 3:07am Oct 18, 2024 2:51am | Edited 3:07am
waiting eurusd signal at 0835 and 24 and confirmation 10 for new lows ! 0770 target possible !
so gbpusd need hit 3028 faster ! limit 3025 and confirmation towards bottom 3017! befoire eurusd may actually ready for action down and all together again !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #842,404
  • Oct 18, 2024 2:52am Oct 18, 2024 2:52am
Quoting Bones
{quote} do they believe
They probably don't, although banks and institutions still trade those CPI numbers using algos and bots that's why we see those giant 1min bars. So it becomes a reality even if its fake.

The central bankers are 3rd class economists, individually you wouldn't care about what they say but the bad part is they speak behalf of the government, so although they are not worth taking seriously, we still take them seriously
You have to have an IQ higher than 90 to interact with this user.
  • #842,405
  • Oct 18, 2024 2:53am Oct 18, 2024 2:53am
Come on GU all the way to 1.34 lets go!
  • #842,406
  • Oct 18, 2024 2:54am Oct 18, 2024 2:54am
Quoting Headland
...it's funny Zebi used to call Nubcake the contrary indicator (when the later put in an unwelcome appearance,) but when he or Chiforex ( as the 2 main £ doom mongers) appear, it rallies, lol! {image}

You're talking about such a brilliant trader who predicted that Iran would win the war against Israel because the Iranian currency has depreciated slower than the Israeli currency against the dollar
  • #842,407
  • Edited 3:09am Oct 18, 2024 2:57am | Edited 3:09am
Quoting HaLBot
{quote} Every single trader that's ever come to this chatroom saying they know where the market is heading has had to eat humble pie at some stage
Yeh, absolutely. And particularly when you express a fundie-based analysis, which can often take weeks/months and sometimes even years to play out. Then you see such traders taking a 1hr entry based on that fundie theme/analysis, - which is kinda like the technical equivalent of trying to time a 1min entry into a monthly trend, (Do'h!) Re those two, who knows, this time they may be right? Time will tell.

Quoting Whale
{quote} You're talking about such a brilliant trader who predicted that Iran would win the war against Israel because the Iranian currency has depreciated slower than the Israeli currency against the dollar
I know lol! There has probably however been a certain amount of 'safe-haven' buying of the $ in this Gbpusd fall from 3434 re the middle east situ atm. Err, Israel is nuclear (undeclared,) and would use them, and has the backing of the world's only superpower, and Russia won't come to Iran's aid over Israel because 70% of the immigration to the new state of Israel when it was formed, were Russian jews!
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Those who use it will have noticed that both a 15min then 30min then 1hr whole reversal candle closed outside the 20bol band @ current dly hi.Ie 'extreme deviation.'

30min below by way of eg.
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Trader with an Edge.
  • #842,408
  • Oct 18, 2024 3:00am Oct 18, 2024 3:00am
[quote=BigNumbers;15032332]I’m currently long on GBPCAD {image}[/quote

GBPCAD 80 pips booked

I’m long on GJ SL 195.700
TP1 196.600
TP2 197.600
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My telegram: https://t.me/avidforex
  • #842,409
  • Oct 18, 2024 3:00am Oct 18, 2024 3:00am
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The market hides a perfect geometry.
  • #842,410
  • Oct 18, 2024 3:01am Oct 18, 2024 3:01am
Quoting Palambir
Strong Resistance Zone {image}
Nice architectural chart.
  • #842,411
  • Oct 18, 2024 3:17am Oct 18, 2024 3:17am
...almost 38.2% of the day's current main up move given back @ the current p/back lo of that move.

1hr below
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Trader with an Edge.
  • #842,412
  • Oct 18, 2024 3:18am Oct 18, 2024 3:18am
Taken a risky short here at 13045. Possible target 13030 which was a previous resistance
Insane in the Brain..
  • #842,413
  • Oct 18, 2024 3:19am Oct 18, 2024 3:19am
Quoting Headland
{quote} ..... and Russia won't come to Iran's aid over Israel because 70% of the immigration to the new state of Israel when it was formed, were Russian jews! ----------- noticed {image}
True... they descended from the former Kingdom of Kazaria which was absorbed by the Kievan Russ who became Russia and then Soviet Union und now Russia again.
  • #842,414
  • Oct 18, 2024 3:25am Oct 18, 2024 3:25am
Quoting Nordling
{quote} They probably don't, although banks and institutions still trade those CPI numbers using algos and bots that's why we see those giant 1min bars.
I don't think you can see banks on 1min at all, just saying.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #842,415
  • Oct 18, 2024 3:29am Oct 18, 2024 3:29am
...I have a repeating pattern of 5min bullish hidden div in my osc's which may stay valid whilst price above 3023 (y/day's hi.) Any deeper drop could see it develop on 15min also, if not 30min. Are we going to see any 'buy the dip' types come in re data inspired move up?

There is a 3 fib cluster down @ 3037-34, then another @ 3015-11.
Trader with an Edge.
  • #842,416
  • Edited 10:56am Oct 18, 2024 3:29am | Edited 10:56am
Short at : 1.3048
sl : 1.3065(sl hit)
Tp 1.3033
  • #842,417
  • Oct 18, 2024 3:30am Oct 18, 2024 3:30am
You shell not pass 1.30691
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yes yes yes
  • #842,418
  • Oct 18, 2024 3:49am Oct 18, 2024 3:49am
...Nice drop - challenging potential rbs zones now

1hr below
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Trader with an Edge.
  • #842,419
  • Oct 18, 2024 3:54am Oct 18, 2024 3:54am
Quoting Bones
{quote} I don't think you can see banks on 1min at all, just saying.
Forex is a huge market, moving pairs like EU or GU 30-40 pips in a matter of seconds must take billions of dollars
You have to have an IQ higher than 90 to interact with this user.
  • #842,420
  • Oct 18, 2024 3:54am Oct 18, 2024 3:54am
Closed manually at 13039 gone long now at 13040
Insane in the Brain..
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