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Cable Update (GBPUSD)

  • #633,121
  • Oct 22, 2021 3:57pm Oct 22, 2021 3:57pm
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Will the last week take out a missed daily pivot?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #633,122
  • Oct 22, 2021 4:08pm Oct 22, 2021 4:08pm
Quoting Pat Chiko
{quote} GU Update scalping position One extra greedy bull joined the scalping show Until reaching target SNR TP and SL in place. {image}
GU

Scalping position update
NY Closing

Price didn't reach the target

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I come from the future.
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  • #633,123
  • Oct 22, 2021 4:12pm Oct 22, 2021 4:12pm
Quoting Bones
I point to the monthly again with one week to go ,it could have an upper wick for sure , but still a potential bullish print like before but to go negative ? maybe the Europeans can force it I guess ,it will go far after a change like that and we need really strong bear prints lower tf {image} {image}
Hey Bones, congrats on your bullish GU call. Give Caesar what belongs to Caesar. I failed this time i accept it. Many lessons learned.

So BoE was hawkish, i can accept GU's bullish run but what do you think about the Euro? ECB is more dovish than the FED. What's the reason behind EU's bullish look for two weeks. Thanks in advance.
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  • #633,124
  • Oct 22, 2021 4:14pm Oct 22, 2021 4:14pm
Closed above 13750 psychological area I’m looking at this as a positive potentially upwards to 138 -13850 Monday. Unless there is more Brexit talk or US taper or UK rates talk. However if we fail to surpass 13830 it could be a shake down to monthly lows too. Hard to tell either way. Have a great weekend folks stay safe
Insane in the Brain..
  • #633,125
  • Edited 5:31pm Oct 22, 2021 4:45pm | Edited 5:31pm
Quoting donfriday
{quote} Bones pls what does it mean to DXY i am 0.0 on the Fundamental {image}
the main thing to consider on interest rates is it's an outright calculation ,
central banks don't control rates unless they start buying debt (QE) affects rates but they're still free market after the fixed amount they spend.
so many conversations that they won't raise rates like they control it .

They can affect rates with their main tool of 'rhetoric ' like now and a massive roll of the dice to let it run hot and claim it won't last.They had to change the rules of their mandate to do this last year.

SO consumer borrowing - its fed funds rate (FED's bit) + inflation (outlook over term) + risk spread (depends on who you are and what its for )
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  • #633,126
  • Oct 22, 2021 4:55pm Oct 22, 2021 4:55pm
why this goes up is because the Fed is loosing the transitory narrative
if they did nothing with rates and inflation carries on the cost of money would follow inflation up regardless and they look stupid .

The market isn't pricing a central bank rise like the general media says but inflation expectation ,but it is true they expect the CB rate rise
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  • #633,127
  • Edited 5:50pm Oct 22, 2021 5:27pm | Edited 5:50pm
Quoting Nordling00
{quote} Hey Bones, congrats on your bullish GU call. Give Caesar what belongs to Caesar. I failed this time i accept it. Many lessons learned. So BoE was hawkish, i can accept GU's bullish run but what do you think about the Euro? ECB is more dovish than the FED. What's the reason behind EU's bullish look for two weeks. Thanks in advance.
no problem Nordling , I'm a little concerned about this EU row blowing up as a new theme
the weekly is a doji ,
here's my 2 week chart posted from 2 weeks ago ,but structure is still in tact ,its not as easy
bullish doji + confirm ...maybe
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  • #633,128
  • Edited Oct 23, 2021 3:19am Oct 22, 2021 6:02pm | Edited Oct 23, 2021 3:19am
Quoting Bones
{quote} no problem Nordling , I'm a little concerned about this EU row blowing up as a new theme the weekly is a doji , here's my 2 week chart posted from 2 weeks ago ,but structure is still in tact ,its not as easy bullish doji + confirm ...maybe {image}
I see, but what i am more curious about is the fundamental reasons behind it rather than the technical side. I have made a lot of research but i can't see any reason for EU to go up fundamentally. Do you see any fundamental reasons behind the EU's bullish.movement, or is it just a pullback on a bearish trend?
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  • #633,129
  • Oct 22, 2021 9:45pm Oct 22, 2021 9:45pm
Mr. Big - To Be With You

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Together we can be strongest
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  • #633,130
  • Oct 23, 2021 12:07am Oct 23, 2021 12:07am
For the next week.

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Chart H4
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Chart Daily

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Together we can be strongest
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  • #633,131
  • Oct 23, 2021 12:36am Oct 23, 2021 12:36am
Bones you are a bundle of knowledge.
  • #633,132
  • Oct 23, 2021 3:23am Oct 23, 2021 3:23am
first level is cleared now, next level is now 1.3595, which can be reached next week.
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trading is like dancing, don't think and just listen to the music!
  • #633,133
  • Oct 23, 2021 3:25am Oct 23, 2021 3:25am
#Copper
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not euphoria follower
  • #633,134
  • Oct 23, 2021 3:55am Oct 23, 2021 3:55am
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just tired looking picture witch pointing the direction of market without any information and reason,
Please....
Using Chaos to Finding Order
  • #633,135
  • Oct 23, 2021 4:07am Oct 23, 2021 4:07am
Price did close below The DECIDER PRICE (1.3830) with a good upper Wick on the weekly chart. Next week is the last trading week of October and lots of movement cannot be ruled out.

1.3800/1.3785 ^ 1.3600/1.3550 possible scenarios next week.

Your Risk Management button must always be used.

Cheers,
George.
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Data + Stat + Risk/Emotions Management
  • #633,136
  • Oct 23, 2021 5:13am Oct 23, 2021 5:13am
Next week , My view..
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Intraday Trading is an Art _ hoda
  • #633,137
  • Oct 23, 2021 5:46am Oct 23, 2021 5:46am
The rebalancing of Gbpusd is more probably up than down in terms of my charts in terms of movements towards means.
  • #633,138
  • Oct 23, 2021 5:54am Oct 23, 2021 5:54am
Quoting Nordling00
{quote} I see, but what i am more curious about is the fundamental reasons behind it rather than the technical side. I have made a lot of research but i can't see any reason for EU to go up fundamentally. Do you see any fundamental reasons behind the EU's bullish.movement, or is it just a pullback on a bearish trend?
show me what you mean Eur strength ,
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  • #633,139
  • Edited 6:09am Oct 23, 2021 5:57am | Edited 6:09am
Quoting Houtbay
The rebalancing of Gbpusd is more probably up than down in terms of my charts in terms of movements towards means.

look of daily I see 134 as a start of new wave and we may see 136 and 13550 but the look of Dxy also project gu to go up than down
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  • #633,140
  • Oct 23, 2021 6:03am Oct 23, 2021 6:03am
Quoting hoda
Next week , My view.. {image}
Seems truncated wave 5 , your 76.4 % level will be interesting as hot spot level for ........

Have a weekend
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