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Cable Update (GBPUSD)

  • #648,161
  • Jan 12, 2022 1:07pm Jan 12, 2022 1:07pm
The chart tells the facts, news is opinions and already factored into price.
  • #648,162
  • Edited 1:29pm Jan 12, 2022 1:09pm | Edited 1:29pm
Quoting nAVIN2007
{quote} unbelievable I think short is the way thou..longer term USD I expect to get bullish longer term. We have boris, energy bills, brexit to bring this mofo down..Boris on his own should be good enough

Clock is ticking for BJ, trust is lost. Last Xmas he separated families away, while his party had a Christmas party, orchestrated by PM.
This is very wrong!

Due to infliation, living costs and tax are rising, families will be +£1,600 worse this year.
Still a question how his apartment renovation was sponsored? At first was covered by taxpayer's money, later he did pay personally.
  • #648,163
  • Jan 12, 2022 1:11pm Jan 12, 2022 1:11pm
I have not traded the eur today but is currently in another up trend.
  • #648,164
  • Jan 12, 2022 1:18pm Jan 12, 2022 1:18pm
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
The crash won't happen until after March once they stop buying of bonds from the banks.
  • #648,165
  • Jan 12, 2022 1:19pm Jan 12, 2022 1:19pm
Quoting Houtbay
The chart tells the facts, news is opinions and already factored into price.
In other words marked-in.
  • #648,166
  • Jan 12, 2022 1:22pm Jan 12, 2022 1:22pm
Quoting Houtbay
Gbpusd where to? Still up, currently trapping sellers. Then price will be moved up quickly forcing sellers out before the big sell off takes place
Yes I agree with you on that. I think the sell-off will happen next week. They have to discourage sellers first.
  • #648,167
  • Jan 12, 2022 1:25pm Jan 12, 2022 1:25pm
The chart will dictate, but it’s trap, rinse, repeat
  • #648,168
  • Jan 12, 2022 1:26pm Jan 12, 2022 1:26pm
1.37 is the trapping grounds, up and down we go
  • #648,169
  • Edited 1:39pm Jan 12, 2022 1:28pm | Edited 1:39pm
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW4.png Size: 76 KB

Found an indicator, FXTT_StrategyChecklist, to load/save text and display it on chart. I had to tinker a wee bit to get it to fit.

Attached Image (click to enlarge)
Click to Enlarge Name: TOOSLOW.png Size: 53 KB

And you can minimize it.

Cheers!

edit: Link to indicator https://www.forexfactory.com/thread/...6#post10884216
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #648,170
  • Jan 12, 2022 1:28pm Jan 12, 2022 1:28pm
Does anyone remember 1.3800? Because that's a possibility after the 1st leg of the pullback.
  • #648,171
  • Jan 12, 2022 1:29pm Jan 12, 2022 1:29pm
Quoting Georginson
Simple Modified Recommendation for The Rest of January: ✓Price is Expected to Touch 1.3760 - 1.3790 by or before January 23. ✓Buy from 1.3610 - 1.3660 between 13th January to 23rd January with stop loss @ 1.3518 ✓ Only a break and close below 1.3520 between 18th - 23rd January will invalidate 1.3760 - 1.3790. Price is expected to meet a resistance between 1.3760 - 1.3790, which is expected to crash back to 1.3100 - 1.3080 by or before March 2022. Only a break and close above 1.3790 will invalidate 1.3100 by or before March 2022....
hello sir so you this week up trend is invalid i think 1.3760 or 1.3790 and now daily high is finish.
  • #648,172
  • Jan 12, 2022 1:36pm Jan 12, 2022 1:36pm
Quoting W0lfram
{quote} OTF buyers ('they') ready to buy from every high-picker... so far Pullback to 1.364 - 35 would be nice to see
By high picker do you mean price without retracement?
No retracement today, but was slow rise too, compared. Market monitoring, like a cat and mouse game. Sell, we will drag you in...

GJ retraced not too bad.
  • #648,173
  • Jan 12, 2022 1:42pm Jan 12, 2022 1:42pm
USD seems to be building levels to go higher after a retrace to support.

Cable goes straight up into resistance area without retrace.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDOLLARMonthly.png Size: 14 KB
Click to Enlarge Name: USDOLLARMonthly1.png Size: 12 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 13 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 15 KB
Compulsions can be hard to resist
  • #648,174
  • Jan 12, 2022 1:50pm Jan 12, 2022 1:50pm
Seems we are headed to 61.8 fibo
  • #648,175
  • Edited 2:15pm Jan 12, 2022 1:58pm | Edited 2:15pm
v shape recover ,to the highs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 002 GBPUSD-Weekly.png Size: 23 KB
Click to Enlarge Name: 00001 planGBPUSD-Weekly.png Size: 93 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,176
  • Jan 12, 2022 2:06pm Jan 12, 2022 2:06pm
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
looks like the maximum of the day (and maybe the month) has finally been reached. a daily close below 3700 would be interesting
Studing..............
  • #648,177
  • Jan 12, 2022 2:10pm Jan 12, 2022 2:10pm
Quoting Jolita
{quote} By high picker do you mean price without retracement? No retracement today, but was slow rise too, compared. Market monitoring, like a cat and mouse game. Sell, we will drag you in... GJ retraced not too bad.
I don't know how to properly describe.

All day like this since late Asia. Actually since 12/21/2021 like this most of the time, but there was decent retracements in between.
We can’t do anything in principle, big money buying and setting up buy-limits on highs* to support the price quotes -> any sale now is the hope that tomorrow something will change, which may well be.

*buy-limits are always there, but now they are in abundance
Air force
  • #648,178
  • Jan 12, 2022 2:16pm Jan 12, 2022 2:16pm
Duve is the consumer feeling inflation yet in America?
  • #648,179
  • Jan 12, 2022 2:20pm Jan 12, 2022 2:20pm
Quoting Houtbay
Duve is the consumer feeling inflation yet in America?
Yet!!! It beating our asses since last year. The inflation is out of control. It came right after the last stimulus package.
  • #648,180
  • Jan 12, 2022 2:23pm Jan 12, 2022 2:23pm
So how is the average American surviving?
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