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Cable Update (GBPUSD)

  • #634,721
  • Oct 29, 2021 12:26pm Oct 29, 2021 12:26pm
Quoting Pat Chiko
{quote} GU add {image}
GU

(QM) Quick money.

Hardly any drawdown.

Those are take profit zone, as many traders are closing their position for the weekends.

Taking advantage on their buy ( by closing short), we just ride with them on the momentum




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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #634,722
  • Oct 29, 2021 12:28pm Oct 29, 2021 12:28pm
collecting longs
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yes yes yes
  • #634,723
  • Oct 29, 2021 12:34pm Oct 29, 2021 12:34pm
gonna watch this area next week..
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  • #634,724
  • Oct 29, 2021 12:38pm Oct 29, 2021 12:38pm
Quoting LvMMT
Maybe someone wants to be inspired by my Gold trading today. It is from the end but it has continuity in the quote. Gold | Page 73 | Forex Factory ...by the way ... Cable ..short... God bless everyone!
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See you next week folks!

Good luck folks!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #634,725
  • Oct 29, 2021 12:38pm Oct 29, 2021 12:38pm
Quoting Nordling00
{quote} US GDP numbers came out lower than expected. That's good for USD in the long run though. I don't mean against GU (BoE is hawkish that's why i stopped out from GU sell last week) but it is safe to buy USD/JPY etc.
Just as i thought. USD appreciated a lot against the Euro and Yen and even Pound. Like i said, it was the low GDP numbers what caused that weakness in USD yesterday but LOW GDP is better for the currency in the long run. Have a great weekend!
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  • #634,726
  • Oct 29, 2021 12:39pm Oct 29, 2021 12:39pm
Quoting nAVIN2007
gonna watch this area next week.. {image}
That would be potential QM level, if price went to those area.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #634,727
  • Edited 1:13pm Oct 29, 2021 12:44pm | Edited 1:13pm
Quoting pipibrasci
{quote} GBPi Support Broken! {image}
UPDATE (Possible scenario). ANALYSIS CONTINUE OVER THE WEEKEND..

NICE WEEKEND BRETHEN.
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #634,728
  • Oct 29, 2021 12:45pm Oct 29, 2021 12:45pm
Quoting Pat Chiko
{quote} That would be potential QM level, if price went to those area.

If QM = quick money (at your lot size quite big id imagine
for me probably £20 or something..I'm trying to increase lot size but its all relative to account size and I only have £3000 in account
  • #634,729
  • Oct 29, 2021 12:52pm Oct 29, 2021 12:52pm
ty m mister goldi
it's always good place to counter , when price reaches daily r3 or s3
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yes yes yes
  • #634,730
  • Oct 29, 2021 12:53pm Oct 29, 2021 12:53pm
Quoting Nordling00
{quote} Just as i thought. USD appreciated a lot against the Euro and Yen and even Pound. Like i said, it was the low GDP numbers what caused that weakness in USD yesterday but LOW GDP is better for the currency in the long run. Have a great weekend!
lol
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  • #634,731
  • Oct 29, 2021 12:55pm Oct 29, 2021 12:55pm
if the fed loose the narrative ,this is what's possible ,but the monthly is still potential bullish
this was a trend line after all ,but trouble ahead ,even EU is potential bullish on the monthly
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,732
  • Edited 3:45pm Oct 29, 2021 12:56pm | Edited 3:45pm
Quoting Bones
{quote} lol {image}
I looked at PCE too, and it came out as expected. It's uncalled for market to react a news which come out just as expected. So it's the GDP that makes the difference, not PCE
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  • #634,733
  • Oct 29, 2021 12:59pm Oct 29, 2021 12:59pm
Quoting gatenio
{quote} ilhas, what treasure map says?
This will explain
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  • #634,734
  • Oct 29, 2021 12:59pm Oct 29, 2021 12:59pm
this worries me slightly..price is caught up in this consolidation...Pat u will love this

Lets see how this MF closes on weekly
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  • #634,735
  • Oct 29, 2021 1:01pm Oct 29, 2021 1:01pm
Quoting Nordling00
{quote} Just as i thought. USD appreciated a lot against the Euro and Yen and even Pound. Like i said, it was the low GDP numbers what caused that weakness in USD yesterday but LOW GDP is better for the currency in the long run. Have a great weekend!
that was yesterday ,so know that moved the market today when theres other news that moved the market in real time ,
Im only saying it because its so crazy
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,736
  • Oct 29, 2021 1:01pm Oct 29, 2021 1:01pm
Quoting Nordling00
{quote} I looked at PCE too, and it came out as expected. It's uncalled for market to expect a news which come out just as expected. So it's the GDP that makes the difference, not PCE
its a real time move , despite you assessment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,737
  • Oct 29, 2021 1:06pm Oct 29, 2021 1:06pm
the fed should act which I believe would be super bullish ,but I'm doubting that in November ,
if the market believes they lost control of inflation the Fed are a passenger unless they actually step up QE

This is the narrative moving all things ,
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  • #634,738
  • Oct 29, 2021 1:07pm Oct 29, 2021 1:07pm
Quoting Bones
{quote} that was yesterday ,so know that moved the market today when theres other news that moved the market in real time , Im only saying it because its so crazy
It is not crazy, you gave me this reaction again back in May too, but market generally give it's real reaction to inflation and growth news after a day or two.

It is not the first time this is happening to me Bones. It is not the first time you are evidencing it as well. We had those arguments before, and except one or two bad calls i was right.
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  • #634,739
  • Oct 29, 2021 1:07pm Oct 29, 2021 1:07pm
Quoting Ihlas
{quote} This will explain {image}
In words
  • #634,740
  • Oct 29, 2021 1:11pm Oct 29, 2021 1:11pm
Quoting Bones
the fed should act which I believe would be super bullish ,but I'm doubting that in November , if the market believes they lost control of inflation the Fed are a passenger unless they actually step up QE This is the narrative moving all things ,
I agree that FED will be bullish, Core inflation is twice the target and unemployment is in a natural level finally. GDP is not bad either with 2% so i think there's nothing holding back the FED from starting the tapering in November.
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