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Cable Update (GBP/USD) without Idiots 25 replies

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Cable Update (GBPUSD)

Quoting Wavegarrick
Wicked moves on Eurgbp today with the dollar tanking. Haven't seen this much movement in Eg for a while. Cheers. {image}

wow ...must have felt good catching this
Possible to bounce from 95 or breakdown.
Beast is following the trendlines.

DX Daily
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On weekly EU chart still bearish but opened daily and clear uptrend from last week.
Quoting Jolita
{quote} Why EG is rising, should do the opposite, no? Is Euro stronger then GBP?
Because ECB admitted for the first time that inflation risks are elevated and to the upside, and kept the door open for rate hikes in late 2022. That's a big change in the wording.

Still EG long term direction is down. EU should continue to upside though.
I make my own luck.
Quoting Mitiblotch
{quote} You would have made a killing on EU if you had traded it, I believe. See the humongous spike there! Most stops there have been blown. If NFP is good tomorrow maybe we get a dip there. But 1350 needs a revisit there. All the levels it broke like a mad dog needs a revisit.
I would have made a killing if I'd held my buy from the low of the day and held it and not impulsively closed it too lol

I'd heard about some EU stuff, only just looking at the chart now-- to me this move would have happened eventually anyway on technicals

Anyway just strengthens my resolve, gonna look for a rally to sell tomorrow on GU

If I do get in at a good level just going to set the TP and walk away this time like I should have done today
it can gan go up a little more 30-40 pips , but tjen it can drop hard
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yes yes yes
Expecting some profit taking tomorrow...so shorting spikes above 3600.
Everyone can see the chart, but only a few can actually read it.
Quoting nAVIN2007
{quote} wow ...must have felt good catching this
Hi Navin,
I ran from being ecstatic in my sell trade at 45 profit to a 15 pip loss and currently at 65 pips profit in my buy trade, So yes it felt good. Damn MF's as Moty would put it
Cheers, Bud.
Trade to trade another day
Data:
We know US inflation is up.
Unemployment trend still dropping (and keeping below expectations)
https://www.forexfactory.com/calendar#detail=122950

The thing with data, is which data are the FED actually watching?
Compulsions can be hard to resist
Just checking last crazy up leg, looks one last leg up! Let it play,, daily doji most probable! Correct to 3577/70/55.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Nordling
{quote} Because ECB admitted for the first time that inflation risks are elevated and to the upside, and kept the door open for rate hikes in late 2022. That's a big change in the wording. Still EG long term direction is down. EU should continue to upside though.
Thanks. ECB shook the markets.

Your trades did well?
1.35757 -1.36063 is an important zone
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yes yes yes
Quoting Nordling
{quote} Because ECB admitted for the first time that inflation risks are elevated and to the upside, and kept the door open for rate hikes in late 2022. That's a big change in the wording. Still EG long term direction is down. EU should continue to upside though.

Yeah, I noticed that early on all the news sites were saying that ECB would keep rates steady. Lagarde's tone was rather hawkish in my opinion, so it's quite a shift from previous expectation.
Trying my best.
Quoting Jolita
{quote} Thanks. ECB shook the markets. Your trades did well?
Of course ma'am But it could be better

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https://www.myfxbook.com/members/Nor...legacy/9364022
I make my own luck.
Quoting moondoggie
{quote} Yeah, I noticed that early on all the news sites were saying that ECB would keep rates steady. Lagarde's tone was rather hawkish in my opinion, so it's quite a shift from previous expectation.
Exactly buddy. From saying "inflation is transitory" to this:

"While the outlook for inflation is uncertain, inflation is likely to remain elevated for longer than previously expected, but to decline in the course of this year. We will remain attentive to the incoming data and carefully assess the implications for the medium-term inflation outlook. We stand ready to adjust all of our instruments, as appropriate, to ensure that inflation stabilises at its two per cent target over the medium term. "
I make my own luck.
Added to my EURGBP shorts:

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I make my own luck.
Quoting kuroro001
{quote} Totally wrong seriously, you are messing smart and dumb money
Big Banks or Whales (are Non Commercial) are the REAL SMART MONEY on Financial Future......THEY move the market
Quoting OnlineAddict
Expecting some profit taking tomorrow...so shorting spikes above 3600.
Chart agrees, but its friday tomorrow, so lets wait if its going to be so easy.

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Everyone can see the chart, but only a few can actually read it.
Limit sell 13642. Patience
POSTMASTER
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To live a successful life, we must lose our fear of being wrong
definietely shorting this but the magic question, is at which level
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