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Cable Update (GBPUSD)

  • #593,701
  • May 9, 2021 2:50pm May 9, 2021 2:50pm
Quoting mysterio
{quote} What's your plan on cable? I assume bearish at more hints of higher US inflation
It's not so simple as that.
There are many conflicting forces making accurate trading related prediction more difficult.

Stocks are flying which generally sends USD down.
Joe wants to significantly increase taxes which could reverse stocks and increase flight to safety, but also reduce inflation expectations.
Emerging markets of resource rich countries are attracting more investment.
Printing $, trillions of it, is historically USD bearish.
When the Fed talks, investors listen, the market has historically shown this.
Compulsions can be hard to resist
  • #593,702
  • May 9, 2021 2:57pm May 9, 2021 2:57pm
Even if i'm long these resistance area make's me suspitius for long upward is tested several times.... if we see penetration of price thru these zone i will change my mind otherwise short is guaranted
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  • #593,703
  • May 9, 2021 3:00pm May 9, 2021 3:00pm
Historically, when the Fed intervenes in the markets, we see pattern fails and wacky, unexpected PA.
Compulsions can be hard to resist
  • #593,704
  • May 9, 2021 3:13pm May 9, 2021 3:13pm
Quoting trumps
Historically, when the Fed intervenes in the markets, we see pattern fails and wacky, unexpected PA.
Thats where fundamentals beat technicals.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,705
  • May 9, 2021 3:13pm May 9, 2021 3:13pm
Hi folks, hope you all had a good weekend, just drawn up my take on cable
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find a way to make money in your sleep or you work until you die
  • #593,706
  • May 9, 2021 3:21pm May 9, 2021 3:21pm
Quoting NotAtrader
{quote} Thats where fundamentals beat technicals.
Yes, theres no doubt fundamentals drive markets, but with so many fundamental moving parts, I'm left with the option of waiting for my technicals to appear, then trade them.
Compulsions can be hard to resist
  • #593,707
  • May 9, 2021 3:25pm May 9, 2021 3:25pm
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This is my thought for the next hours.
  • #593,708
  • May 9, 2021 3:36pm May 9, 2021 3:36pm
Quoting trumps
{quote} Yes, theres no doubt fundamentals drive markets, but with so many fundamental moving parts, I'm left with the option of waiting for my technicals to appear, then trade them.

agree completely
  • #593,709
  • May 9, 2021 3:48pm May 9, 2021 3:48pm
Quoting pipbasket
Hi folks, hope you all had a good weekend, just drawn up my take on cable {image}
This is good
  • #593,710
  • May 9, 2021 3:50pm May 9, 2021 3:50pm
Here's my technical perspective on GBPUSD, I'm a medium-term swing trader. Technically, the GBPUSD market is sideways but, presently, the market operation has a bullish mode. On the daily time frame, price action is respecting an inner rising trendline (red) traceable to September 2020. Technically, the series of ‘W’ patterns – two consecutive ones between March 23 and May 7 – with the May 7 bullish move being part of the process of completing the current ‘W’ pattern, indicate a potential for further northward move. Besides, the order flow context shows huge open space above current location of price action, which could attract liquidity interest of bulls. We may see further bullish price action in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #593,711
  • May 9, 2021 3:53pm May 9, 2021 3:53pm
Quoting Nd10
{quote} This is good
Lot of money to be made this week, on multiple currency pairs, loads of divergence
find a way to make money in your sleep or you work until you die
  • #593,712
  • May 9, 2021 4:05pm May 9, 2021 4:05pm
20 pips gap up, will it hold?
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  • #593,713
  • May 9, 2021 4:28pm May 9, 2021 4:28pm
This bookmaker is nuts
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Air force
  • #593,714
  • May 9, 2021 4:30pm May 9, 2021 4:30pm
Quoting W0lfram
This bookmaker is nuts{image}
It's an error. Not a real price.
  • #593,715
  • May 9, 2021 4:40pm May 9, 2021 4:40pm
Quoting W0lfram
This bookmaker is nuts{image}
OANDA a broker with integrity

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No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,716
  • May 9, 2021 4:44pm May 9, 2021 4:44pm
Quoting W0lfram
This bookmaker is nuts{image}
They have been doing these scams since the beginning...and yet people still use them, which is beyond me.
Everyone can see the chart, but only a few can actually read it.
  • #593,717
  • May 9, 2021 4:51pm May 9, 2021 4:51pm
Quoting W0lfram
This bookmaker is nuts{image}
This is an obvious attempt to kill as many as possible SL and even accounts which confirms that they know something we don’t. This could mean that they expect the price to fall down from here.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,718
  • May 9, 2021 4:51pm May 9, 2021 4:51pm
Quoting OnlineAddict
{quote} They have been doing these scams since the beginning...and yet people still use them, which is beyond me.
Who are you using then? My broker robs me with Swap fees, but less tricks like this.
  • #593,719
  • May 9, 2021 4:54pm May 9, 2021 4:54pm
Quoting IBabyTrader
{quote} Who are you using then? My broker robs me with Swap fees, but less tricks like this.
We’ll swap is everywhere. You need an Islamic account type in order to avoid paying swap.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,720
  • May 9, 2021 4:55pm May 9, 2021 4:55pm
Quoting W0lfram
This bookmaker is nuts{image}
This is from tradingview demo not real Oanda MT4 platform...can't do this shit with real clients.
I'm The Real Deal Quant-XR ,The Financial Hacker
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