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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Headland
{quote} That was 16 straight 0.25% rises by Alana Greenspan's fed if I remember rightly, and we all know what happened next!
Yeah, 25 by 25.. and now we had 75 by 75 by 75.
But remember, recession is transitory!

What will happen is that actually neither recession nor inflation will be transitory hahahah.. unbelievable..

Michael Burry (guy who predicted 2008 crash): We are likely to see [the consumer price index] lower, possibly negative in 2H 2023, and the US in recession by any definition," he said in a tweet Sunday. "Fed will cut and government will stimulate. And we will have another inflation spike.

Some economists suggest Powell will be late, AGAIN. Due to his pause and see until CONVINCED, he will probably be late with cutting rates and send US in a great recession.
Quoting Waveskierrob
{quote} Bet you took your profit ages ago Pat?.....but today I'll take mine .....Closed 12260 + 55 pippers minus swaps .....Still have 8 SHORTS underwater just playing the waiting game...
Hey Waveskie,

I'm done trading for this week , as need to travel.

You're right, I make sure to make money in trading and trying to save every penny from trading.
Need to be richer than Joe.
Joe has done his maths, I need to do mine and will be better than Joe.

In 25 years from now, I want to live like Joe or better,
That's why all of us need to do our maths at early stage of trading.

Be smart like Joe.
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I come from the future.
Quoting Pat Chiko
{quote} Thanks Snail. Once upon a time, not very long time ago, I used to give good signal. And it worked out well (not extraordinarily well). Few days later, nodoby chat with me anymore......... with cynical remarks, "I told you so" This was the signal..... {image}
...brilliant
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Soon To Be Temporarily Suspended Again
the only way is down
the crooks reveled their secret , the dx will not break 101.300
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Waiting for the market make it first move to my intraday trade or Pat’s signal, whichever come first
Keep it simple, stupid.
If I were Home, I would probably see 15M chart suggesting Long especially after that wick. I'll share as soon as I get Home.
Quoting Moty
the only way is down the crooks reveled their secret , the dx will not break 101.300 {image} {image}
However, the non-farm payrolls data made everything possible. The data has made me fearful of trading and I then try to avoid it as much as possible.
Just follow the trend.
BOE’s Bailey: Too soon to say if this is last rate rise - the sun

They are all a few rate hikes away from pausing in my opinion. BOC already paused.

Hiking rates cycle is nearly over, now we observe how quickly will recession come. Hike, Pause, Cut.

In view of this, I should probably leave my position at 1.24 for at least a year. But, who knows..
...I think there will be a lot of traders long, particularly retail/daytraders waiting for the 'mythical' pullback to 2262 area as a target/1st target?
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Headland
...I think there will be a lot of traders long, particularly retail/daytraders waiting for the 'mythical' pullback to 2262 area as a target/1st target?
I would be highly surprised to see Pound reaching 1.24 again let alone 1.27. But trading by "might" almost always sucks.

BOE hiked rates to 5.75% in 2008, but it's highly unlikely they will go above 4.5%. This should be the ceiling.
EU long taken from 1.08929 area after discovering rejection at H4 , critical Support area ,
SL: 15-16 pip max ,

Closing 99% manually with some minor gain,
And keeping one runner with positive sl ..

Take care Everyone
And stay blessed
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Bailey:

Q) Last year you said we’d be in recession for two years, but now it’s only one — what’s changed?
A) Gas prices have fallen a lot over the past couple of months.
And fixed mortgage rates are a bit lower.
Unemployment hasn’t risen as we feared it might. That all puts a few more Pounds back in people’s pockets

As said: they expect soft landing.
sell - 1.2210

target - 1.2180
Together we can be strongest
So much for the Buy thing.. that's why without the system, you are fuc'ing dead in FX.
Quoting palpite
sell - 1.2210 target - 1.2180

trade closed - 1.2187


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Together we can be strongest
... price has reached 4hr/dly part of prev 1hr/4hr/dly sw lo zone = prev supp = pot supp / wkly s2. This pot supp zone extends to 2168.

4hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
12180 first target before 12150 if the move down starts to slow down I might try a long. However overall target for me still 12050
Quoting Yngwie
Either retrace or continue down GU need to go up first. I think 1.2180 lowest
Ok that's it. last warning to bears lowest u can go today
naked trader ~ GBPUSD only!
... were the bulls looking for liquidity re that last drop-down?
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
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Together we can be strongest
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