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Cable Update (GBPUSD)

  • #644,661
  • Dec 12, 2021 2:33pm Dec 12, 2021 2:33pm
Look for a drop at open UK heading back into lockdown
Insane in the Brain..
  • #644,662
  • Dec 12, 2021 2:37pm Dec 12, 2021 2:37pm
Quoting BeeTogether
Look for a drop at open UK heading back into lockdown
you guys are heading into lockdown?
  • #644,663
  • Dec 12, 2021 2:47pm Dec 12, 2021 2:47pm
Quoting Jolita
{quote} I know, too quiet. Crypto markets are open 24/7. I managed to put my tree up today. Happy Holidays!!! {image}
Happy holidays and happy Christmas to you too
You have to have an IQ higher than 90 to interact with this user.
  • #644,664
  • Dec 12, 2021 2:51pm Dec 12, 2021 2:51pm
Quoting BeeTogether
Look for a drop at open UK heading back into lockdown
I think/hope any new lockdown would just be ignored by most people now especially as there's no evidence they do anything useful (see also:face coverings) and plenty to the contrary

This is just more fear-mongering and hype from the govt/media and it needs to end now

We've got vaccines for vulnerable people and good therapeutics now so it's not going to get much better than this

Anyway on Cable- get your buys in at the 1.3220 area and we've got clear blue skies above. 1.3350-1.34 a totally reasonable target for bulls. We've been sitting in strong weekly demand on Cable for a while (hovering around strong weekly supply on the dollar too). Buy the dips/play the range if you're intraday
  • #644,665
  • Dec 12, 2021 3:01pm Dec 12, 2021 3:01pm
Quoting genadi
{quote} you guys are heading into lockdown?
could be rating is one below lockdown status
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Insane in the Brain..
  • #644,666
  • Dec 12, 2021 3:05pm Dec 12, 2021 3:05pm
Quoting genadi
{quote} you guys are heading into lockdown?
No. Only a few restrictions, face masks, work from home if you can.
Cases rising, booster jabs offered.

Same really, only with bigger awareness.
  • #644,667
  • Dec 12, 2021 3:47pm Dec 12, 2021 3:47pm
Quoting Ayax.TSS
#GBPUSD / H4
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  • #644,668
  • Dec 12, 2021 3:48pm Dec 12, 2021 3:48pm
Here's my take on the GBPUSD, from the technical perspective of a medium-term swing trader. GBPUSD price action on the daily time frame took on a bullish mode after it retested the 1.32230/1.31040 major horizontal support zone (green) seen on the weekly time frame. But we should be wary that price action is still in an area of congestion, and we may still have some bearish drop before any further bullish drive.

I may be wrong. Trade safe and prosper.

KP


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Do your homework, follow the footprints of smart money
  • #644,669
  • Dec 12, 2021 4:47pm Dec 12, 2021 4:47pm
Hello Pounders !

I came by a week or so ago for the first time but there started to have more rude posts and pound unrelated, than actual pound goodies. Is this the norm? Or did I discover this place at the wrong time? It seems to be better now. Sure hope so.

Last Friday big 45pips 1H candle is one important one. I will attempt to trade it stupid simple.

First, buying the high and selling the low for 10pips, then maybe buying/selling the middle, then maybe selling the high buying the low... We'll see and go with the flow. Have a good week everyone.
  • #644,670
  • Dec 12, 2021 4:57pm Dec 12, 2021 4:57pm
Quoting leosfx
Hello Pounders ! I came by a week or so ago for the first time but there started to have more rude posts and pound unrelated, than actual pound goodies. Is this the norm? Or did I discover this place at the wrong time? It seems to be better now. Sure hope so. Last Friday big 45pips 1H candle is one important one. I will attempt to trade it stupid simple. First, buying the high and selling the low for 10pips, then maybe buying/selling the middle, then maybe selling the high buying the low... We'll see and go with the flow. Have a good week everyone....
Some times some members attack you without a reason, just beware. Otherwise it's ok, welcome back. Have a good week as well!
You have to have an IQ higher than 90 to interact with this user.
  • #644,671
  • Dec 12, 2021 5:30pm Dec 12, 2021 5:30pm
Quoting Nordling00
Hi everyone, hope you had a good weekend. I didn't, i don't like weekends So as you know, US CPI numbers came out last Friday. Looking at the macroeconomics of both the Pound and the USD, USD still has the upper hand. As you guys know, i am a top down fundamental analyst and a position trader. I generally hold my trades for weeks. So the things that i say might not be useful for scalpers and daytraders. Keep in mind. And by the way, we have FOMC coming up this Wednesday. I expect a hawkish FED. Of course that's just a guess, i will be all...

Hiya mate! Hope you had a great weekend too. Great fundamental perspective, as usual I've been reading over US CPI stuff over the weekend and I came to the same conclusion. But, I still won't be trading til later when I see a bit more of how the day plays out.

Best wishes to all this week, let's have a good one!
Trying my best.
  • #644,672
  • Dec 12, 2021 6:39pm Dec 12, 2021 6:39pm
Inserted Video
not euphoria follower
  • #644,673
  • Dec 12, 2021 7:42pm Dec 12, 2021 7:42pm
I'm not confident to say it will approach those lower levels expect with the help of news, maybe it will. Because the price already breached previous high, I'm looking for buy setup between 1.323 and 1.322.
I'm still holding my short trade, take a look at my trade explorer. Maybe we have the same idea
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  • #644,674
  • Dec 12, 2021 7:48pm Dec 12, 2021 7:48pm
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yes yes yes
  • #644,675
  • Dec 12, 2021 8:50pm Dec 12, 2021 8:50pm
Quoting KiwiTrada
{quote} you going to take 30-40 pips???? after taking 35 pips and moaning why are you crying, you defended good support and closed a green trade!!! I would hope according to your trade plan, maybe you just need to reassess your trade plan, perhaps trailing stop? sub resistance is now 7171ish, trend monthly is flat, weekly is flat daily is south 4hr is south all with 20sma below 200 sma question is did you trade a reversal or pull back right now according to chart 4hr pa has pierced 100% fib retrace, ? which appears quite good resistance (minor...
4 days later 7171 still in play yawn
If you are new to Forex? Say Goodbye to your account!!
  • #644,676
  • Dec 12, 2021 10:07pm Dec 12, 2021 10:07pm
1.32400 ( a heaven line )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #644,677
  • Dec 12, 2021 10:21pm Dec 12, 2021 10:21pm
Another short entry
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  • #644,678
  • Dec 12, 2021 10:56pm Dec 12, 2021 10:56pm
GU on 4hr with Ichimoku presents a bearish near future, though I'm not sure how to trade around the news that's coming this week.
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Trying my best.
  • #644,679
  • Dec 12, 2021 10:58pm Dec 12, 2021 10:58pm
adding bullet @1.32475 buy set

"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #644,680
  • Dec 12, 2021 11:26pm Dec 12, 2021 11:26pm
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