markets waiting for data imo
I used ig daily cause its so funky ,thats a over 1k pip wick
I used ig daily cause its so funky ,thats a over 1k pip wick
#doyourownanalysisordietryin
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} What made you change your direction? We are only half way throught descending channel. 132 is a must, of course some retracements to the other side will happen. I've learned to delay my instant reaction as trade is always behind our plans. {image}Ignored
QuoteDislikedThere’s more at stake than an interest-rate hike at next month’s Bank of England meeting, giving traders extra reason to correctly call the decision from the increasingly unpredictable central bank.
If it pulls the trigger and raises interest rates to 0.5%, that would be the first back-to-back hikes since 2004. It also opens the door for the BOE to start reducing its record balance sheet by stopping the reinvestment of expired bonds. That would affect 28 billion pounds ($38 billion) of gilts maturing in March.
Disliked{quote} Expecting another trip to the 1.3350 area and then bull all the way Primarily a scalper but going to attempt a swing trade around that levelIgnored
Disliked{quote} could dip to the 1.3333 to 1.3283 area for more orders even.Ignored
Disliked{quote} I have two zones on h4 where I expect the bull rally to happen-- I think it will be the one we just contacted but could be the lower one too. Lets see what the PA says I don't like to make predictions {image}Ignored
DislikedPer forexgoose's chart in his post above, If Boe hikes rate again to the consensus forecast of 0.5%, which is an effective doubling from the current 0.25%, then this will most likely see a general upside reaction which may well last until next fomc. Of course there is other mainly U.s data due this week most notably Nfp - but this is generally not what it was in terms of being a market mover. That said pip ranges are smaller than say 10 years ago on many instruments and certainly this one, so it's all relative I guess? Conversely, no rate rise or...Ignored
Disliked{quote} yup i agree ...everything happans algorithmically so we will see where they take it.Ignored
DislikedA negligible distance left to the December value area. (A mess of lines and rectangles) Then looking for buys...{image} {image}{image}{image}Ignored