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Cable Update (GBPUSD)

  • #632,301
  • Oct 20, 2021 7:26am Oct 20, 2021 7:26am
Quoting NotAtrader
My fundamental take: With bad CPI data from London and with China and N. Korea continuing testing advanced missile weapons, the near term future of the Pound looks dark. This renders the idea of rate hike as improper on one side while on the other side the complicated geopolitical situation will see increased demand for the us dollar. Just my thoughts. Not a trading advice.
I agree, I think Pound will be dependent on the global outlook and risk appetite going forward. It appears the expectations for BoE rate hike is probably priced in now, so any talk about any rate hike delays could trigger a sell-off, combine that with lower Global risk appetite and it could get ugly for GBP. We need to listen carefully to MPC members in the coming days/weeks for any clues regarding the rate hike situation.

Regarding the CPI data this morning I don't think that changes anything just yet. Inflation expectations are still well ahead of target, and some economist are anticipating as high as 5% early next year. So I think the BoE is still worried about rising prices despite today's lower than expected print.

Just my two cents, trade well!
  • #632,302
  • Oct 20, 2021 7:27am Oct 20, 2021 7:27am
Quoting Pat Chiko
{quote} GOLD Scalping update Entry setup shown in chart {image}
GOLD

Scalping update. Nice upmoved

She's easy to work with for today.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211020_202525_572.jpg Size: 148 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,303
  • Oct 20, 2021 7:28am Oct 20, 2021 7:28am
Quoting Pat Chiko
{quote} GU Current scalping position. Breakeven on averaging @ 1.37662 Still underwater. Hope it will rise soon. {image}

Newbie should never try this at home...


adding to losing trades is meant for Pros with Good MM
MY OPINION NOT FINANCIAL ADVISE
  • #632,304
  • Oct 20, 2021 7:28am Oct 20, 2021 7:28am
Quoting nAVIN2007
{quote} The thing is tone, raising interest rates will encourage people to save and with so many people having ended support (thurlow) mortgage payment increasing on top of so many increases Tax, NI, heating bills, fuel & general inflation I do not think BOE will increase interest rates..it is too risky I get that people money will not grow but it ain't gonna grow with all these increases, then u got this rise in COVID cases to add on top of everything inflation probably be just left to rise
there is someone in the world in charge that believes you can't raise rates when your in a hole ,he keeps digging
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-10-20 at 13.22.54.png Size: 144 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #632,305
  • Oct 20, 2021 7:30am Oct 20, 2021 7:30am
Quoting donfriday
{quote} Newbie should never try this at home... adding to losing trades is meant for Pros with Good MM
bullshit, traders that work by the book of all this stupid rules go to read books cause they losing money.
  • #632,306
  • Oct 20, 2021 7:31am Oct 20, 2021 7:31am
Quoting LvMMT
I closed all short .. long folks... {image} Good luck folks! God bless everyone! Edit: Gold long {image}
Surrrprisssseeeee

Attached Image


God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #632,307
  • Oct 20, 2021 7:32am Oct 20, 2021 7:32am
Quoting gatenio
{quote} bullshit, traders that work by the book of all this stupid rules go to read books cause they losing money.

bullshit or bearshit?
MY OPINION NOT FINANCIAL ADVISE
  • #632,308
  • Oct 20, 2021 7:34am Oct 20, 2021 7:34am
Quoting donfriday
{quote} bullshit or bearshit?
good one..
im buying.. on the losers bench right now.

but not for long time.
  • #632,309
  • Oct 20, 2021 7:37am Oct 20, 2021 7:37am
Quoting gatenio
{quote} good one.. im buying.. on the losers bench right now. but not for long time.

bought since 13750 target is 13850
MY OPINION NOT FINANCIAL ADVISE
  • #632,310
  • Oct 20, 2021 7:37am Oct 20, 2021 7:37am
Quoting Mr.Burger
{quote} PT
GU

Simple observation on S&R

As a scalper, always watch the daily S&R level

Price is hitting hard and bounce from SSR

Keep on scalping and never surrender

Why 1.3850?. Dont touch that dail.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211020_203606_193.jpg Size: 72 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,311
  • Oct 20, 2021 7:40am Oct 20, 2021 7:40am
That’s a decent bounce from the area I mentioned 13735 earlier. We didn’t go that far down but close enough
Insane in the Brain..
  • #632,312
  • Oct 20, 2021 7:44am Oct 20, 2021 7:44am
morning
  • #632,313
  • Oct 20, 2021 7:44am Oct 20, 2021 7:44am
Quoting donfriday
{quote} bought since 13750 target is 13850
mine YH i guess
Attached Image (click to enlarge)
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  • #632,314
  • Oct 20, 2021 7:46am Oct 20, 2021 7:46am
Quoting LvMMT
{quote} SL touched ... Short again... {image} God bless everyone! Edit: Swap battle ...H4 {image}
Bull win 1.37512 ... swap battle

God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #632,315
  • Oct 20, 2021 7:47am Oct 20, 2021 7:47am
Quoting Pat Chiko
{quote} GU Simple observation on S&R As a scalper, always watch the daily S&R level Price is hitting hard and bounce from SSR Keep on scalping and never surrender Why 1.3850?. Dont touch that dail. {image}
keep
Daddy, Brother, Lover, Little Boy
  • #632,316
  • Oct 20, 2021 7:48am Oct 20, 2021 7:48am
Quoting Pat Chiko
{quote} GOLD Scalping update. Nice upmoved She's easy to work with for today. {image}

GOLD

end of scalping TP reached.

GU is coming to catch up with Gold.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20211020_204730_146.jpg Size: 130 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,317
  • Oct 20, 2021 7:50am Oct 20, 2021 7:50am
Quoting Pat Chiko
{quote} GU Simple observation on S&R As a scalper, always watch the daily S&R level Price is hitting hard and bounce from SSR Keep on scalping and never surrender Why 1.3850?. Dont touch that dail. {image}
  • #632,318
  • Oct 20, 2021 7:51am Oct 20, 2021 7:51am
Quoting Mr.Burger
{quote} keep
What type of burger isn't allowed on the titanic?

An iceburger
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #632,319
  • Oct 20, 2021 7:53am Oct 20, 2021 7:53am
Quoting gatenio
{quote} mine YH i guess {image}

the wave pattern i see daily and weekly is calling for a higher price like 140 for more sell liquidity

but i am scared to make that call on this FF....DXY already confirm the up move
MY OPINION NOT FINANCIAL ADVISE
  • #632,320
  • Oct 20, 2021 7:56am Oct 20, 2021 7:56am
Quoting donfriday
{quote} the wave pattern i see daily and weekly is calling for a higher price like 140 for more sell liquidity but i am scared to make that call on this FF....DXY already confirm the up move
day by day, the future is mystery
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