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Cable Update (GBPUSD)

12470 providing decent resistance so far, bulls will need a decent break above it towards yesterday’s highs bears will be looking to nip this itch in the Bud quickly
Quoting ScalaFX
{quote} exelent dump for refill my longs to full positions, adding 2431, target still the same, BE for all 2399
next partial closed what a beautifull week
People don't plan to lose. They lose because they don't plan.
Quoting BeeTogether
12470 providing decent resistance so far, bulls will need a decent break above it towards yesterday’s highs bears will be looking to nip this itch in the Bud quickly
not totally encouraging signs for me !

stop moved down to 1.2490 so at least i close with something. if it gets there then it will probs retest the highs.

bearish bias was based on dollar liquidity below equal lows and possible closure of gap in lon--still may hold lets see.
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Quoting Yngwie
waiting 1.2465 reaction
Long 1.2466
Live trade ~ GBPUSD only. Follow at your own risk!
Quoting Scotteyy
Long in at 12440, SL 12420, TP open. Will hold overnight.
Out for 26 pips. Dont like this move down.
DOW Dolla' H1
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?
Not afraid to be wrong, ik what am goin to lose!
... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release?
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... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current wkly hi, = prev res = pot res.
Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
1.2480 resistance fookup big time

1.2440/1.2480/1.2500
Live trade ~ GBPUSD only. Follow at your own risk!
EU data should have helped get to 125. Limbo for me
Quoting Headland
... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...
dailyDx has it down as amber
@robinhood please help me out. I want to confirm something.
You mentioned that there is a different price feed which brokers use (not sure whether you said it is A book).
I am trying to check if that feed aligns with my VAP values.
Kindly help me check the H1 close price for the just completed hour on NZDJPY.
Thanks
Quoting Headland
... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...
it now affects the interest rate, so now it is red, when the inflation will cool it will go back to yellow
I’m shorting TP 60pips
Quoting erez h
{quote} it now affects the interest rate, so now it is red, when the inflation will cool it will go back to yellow
Yeh, but employment/unemployment levels (along with other considerations/data) always did affect the Fed's Fomc's decisions re rates...nothing new there, although admittedly the stage that the economy is at re the total current economic cycle, means that more or less weight is given to individual data inputs, to those rate decisions. In the Uk the Boe's Mpc is only officially targeted on inflation/price stability but doubtless consider employment levels as well as other things in their decision-making re rates. No point having target inflation levels if no-one is in work!
Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
Exaggerated, price over 2465 but pa remain same as before., correct proper restart bull, not here, at some diwn. Now watching 2462 breaks to diwn futher. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
...some downside potential obstacles for the bears.

1hr below
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Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Headland
{quote} Yeh, but employment/unemployment levels (along with other considerations/data) always did affect the Fed's Fomc's decisions re rates...nothing new there, although admittedly the stage that the economy is at re the total current economic cycle, means that more or less weight is given to individual data inputs, to those rate decisions. In the Uk the Boe's Mpc is only officially targeted on inflation/price stability but doubtless consider employment levels as well as other things in their decision-making re rates. No point having target inflation...
Put another way, employment levels don't necessarily impact price (the FED's greatest concern) but employment which the FED is supposed to consider when making their rate decisions is also a sign of economic growth or contraction. Higher unemployment is supposedly not a key driver but it could delay hikes or reductions which is why I suggested weaken.
no more fly cable?
Quoting dantpm
{quote} Put another way, employment levels don't necessarily impact price (the FED's greatest concern) but employment which the FED is supposed to consider when making their rate decisions is also a sign of economic growth or contraction. Higher unemployment is supposedly not a key driver but it could delay hikes or reductions.
Hi, try telling that to a town whose main employer, say a car factory, has just closed down...see the demand fall away and the prices fall, before the supply falls away too (ie businesses shut.) Employment has a direct effect on demand, and in turn, supply to satisfy whatever level of demand there is.
Intraday swing trader @ 1Hr+ supp/res & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Headland
{quote} Hi, try telling that to a town whose main employer, say a car factory has just closed down...see the demand fall away and the prices fall, before the supply falls away too (ie businesses shut.) Employment has a direct effect on demand, and in turn, supply to satisfy whatever level of demand there is.
Now you are confusing reality, practicality and common sense with the way the FED operates.

That is a little like expecting forex prices to react to news in a logical manner all the time.
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