Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable (GBPUSD) vs Euro (EURUSD) 27 replies

Is it just me or is cable acting random? 47 replies

Cable Update (GBP/USD) without Idiots 23 replies

Why is GBPUSD called cable? 66 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting mysterio
I guess Monday is a bank holiday, so Tuesday I'm looking for a big sell in the morning followed by a recovery in the afternoon above Fridays high. Overall sell bias remains, S&P500 is well positioned for a big crash next week so I'm expecting risk off sentiment to dominate Ended Friday on a loss trade unfortunately after cashing in on the buys in the morning. Bad end after an otherwise very good week! Currently sitting on h4 demand but I expect this will be smashed to the downside
can younexplain risk off and risk on? I always seem to confuse the two.
Don't press the button before you reach the bottom. -Old chinese saying
Quoting Ferna
{quote} can younexplain risk off and risk on? I always seem to confuse the two.
Risk on means investors put money into higher expected return assets like equities. They are feeling optimistic about the economy and expect these assets to outperform. Risk off is the opposite. Feeling pessimistic and going into more stable assets like government bonds and cash. GBP/USD can broadly be called a risk on currency because of the dollar's status as a 'safe' haven, reserve currency.
dxy has broken out and finished strong so may see more downside but we are in an area where i am looking for bullish evidence....so will be an observer for now.
Quoting Moty
For 10 pips mf {image}
Forgot to say back then, using m1 trade stock always follow the rule of higher TF if higher TF still want to UP (as for this m5 to m15), always scalp buy on m1 stoch low. Never ever fight higher TF unless it want to reversal on higher TF, even if it want to reversal on higher TF (m5, ) do crosscheck on higher tf than m5 (m15, m30 to h1 if possible according to your TP if higher than 5 pips unless it was volatile market up and down fast)
No Learning, Keep Gambling
Back2Basic Return Today: na
Quoting ninner
dxy has broken out and finished strong so may see more downside but we are in an area where i am looking for bullish evidence....so will be an observer for now.
Your analysis is brilliant ...well done
Soon To Be Temporarily Suspended Again
Quoting Waveskierrob
{quote} Your analysis is brilliant ...well done
Quoting Waveskierrob
{quote} Your analysis is brilliant ...well done
Just like fxstreet after fact technical analysis. Pretty much accurate every freaking time
Not afraid to be wrong, ik what am goin to lose!
Quoting GODofMC
Just sharing this weekend, for newbie like me - DONT BE GREEDY!!! Keep your system in touch. You'll have find it in my trade history below This trade one whole month trading from 1 January 2023 to 1 February 2023 the highest profit i got. I dont really remember how much real money i deposited for this profit maybe about $700-$1000 {image} And just few trade only one whole week from 1 February to 7 February 2023 Lost all profit and half deposited Money in only 1 Week. After some week i started trading in another broker and lost all {image} Recent...
Told you, lets get on zoom and see if we can turn this around
So with default looming President Biden and the Republicans have reached a tentative deal on debt ceiling as markets stay closed. This has got to spell trouble for those with open positions, cos there's bound to be a yawning gap when trading reopens tomorrow.
Strap in and hang tight! It's finna be an eventful week from the Greenback. And our dear Cable ain't gonna wanna miss any bit of the action!
(37) UK Economy In Big Trouble - Inflation Is UGLY - YouTube
Quoting mysterio
I guess Monday is a bank holiday, so Tuesday I'm looking for a big sell in the morning followed by a recovery in the afternoon above Fridays high. Overall sell bias remains, S&P500 is well positioned for a big crash next week so I'm expecting risk off sentiment to dominate Ended Friday on a loss trade unfortunately after cashing in on the buys in the morning. Bad end after an otherwise very good week! Currently sitting on h4 demand but I expect this will be smashed to the downside
Hey buddy, we might see a gap up on Monday (we had some red news concerning the US debt ceiling 7hr ago) followed by a consolidation for the rest of the day.

I am leaning towards a bullish move to Decision Point 1.258
Face 'ur fear & Tame 'ur greed
Quoting JereMi256
{quote} Hey buddy, we might see a gap up on Monday (we had some red news concerning the US debt ceiling 7hr ago) followed by a consolidation for the rest of the day. I am leaning towards a bullish move to Decision Point 1.258
I would take Monday off the volumes will be extremely low

I still think Tuesday will begin with a large bearish move because of the ascending trendline from Fridays price action, it could form a double bottom first like you say with some bulls first on Monday but I think I'll target the sell first on tues

Tuesday's London session seems to usually be some exaggerated liquidity event but we may recover to Fridays high after

Let's see where its sitting early Tuesday, but I think we'll see a move into the 1.22's at some point in the day
Quoting mysterio
{quote} I would take Monday off the volumes will be extremely low I still think Tuesday will begin with a large bearish move because of the ascending trendline from Fridays price action, it could form a double bottom first like you say with some bulls first on Monday but I think I'll target the sell first on tues Tuesday's London session seems to usually be some exaggerated liquidity event but we may recover to Fridays high after Let's see where its sitting early Tuesday, but I think we'll see a move into the 1.22's at some point in the day
Okay. Let's wait and see
Face 'ur fear & Tame 'ur greed
Quoting mysterio
{quote} I would take Monday off the volumes will be extremely low I still think Tuesday will begin with a large bearish move because of the ascending trendline from Fridays price action, it could form a double bottom first like you say with some bulls first on Monday but I think I'll target the sell first on tues Tuesday's London session seems to usually be some exaggerated liquidity event but we may recover to Fridays high after Let's see where its sitting early Tuesday, but I think we'll see a move into the 1.22's at some point in the day
The klabauke is not over yet... the compromise is such a weak mix, the senate or the house could still threw a spanner into the gearbox. So, the tensions are not over until it's signed and stamped.
Hence... i am also leaning more to an initial down move.
Quoting zippo22
{quote} The klabauke is not over yet... the compromise is such a weak mix, the senate or the house could still threw a spanner into the gearbox. So, the tensions are not over until it's signed and stamped. Hence... i am also leaning more to an initial down move.
Just my view but, I don't believe all the hoo-ha over this issue, but, S&P500 is in a weekly supply area and very well positioned for a fall, I believe this will drive US equities down but the talking heads will blame it on the debt ceiling impasse. If we get a close above 4325 then bulls can relax a bit. Another thing is, inflation is still absolutely out of control.
I think its inevitable that DXY will take out the weekly swing high at 105.882 also
Attached Image (click to enlarge)
Click to Enlarge Name: image (3).png Size: 37 KB
[quote=BrainBucks;14440328]So with default looming President Biden and the Republicans have reached a tentative deal on debt ceiling as markets stay closed. This has got to spell trouble for those with open positions, cos there's bound to be a yawning gap when trading reopens tomorrow. Strap in and hang tight! It's finna be an eventful week from the Greenback. And our dear Cable ain't gonna wanna miss any bit of the action![/quotey
Your opinion will the gap be up and is a deal good for the $
average dude treading water
Quoting BrainBucks
So with default looming President Biden and the Republicans have reached a tentative deal on debt ceiling as markets stay closed. This has got to spell trouble for those with open positions, cos there's bound to be a yawning gap when trading reopens tomorrow. Strap in and hang tight! It's finna be an eventful week from the Greenback. And our dear Cable ain't gonna wanna miss any bit of the action!
'Monday' trading with most markets closed will be interesting!
GU may open higher.

Or market may ignore this and open as usual.
Intraday only.
Quoting navk
GU may open higher. Or market may ignore this and open as usual.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-05-28 at 16.55.12.png Size: 11 KB
Quoting T721
{quote} {image}
we need some volatility. Let something happen. lol
Intraday only.
51 traders viewing now, 4 are members:
,
lafemo
,
,
elbert3