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Cable Update (GBPUSD)

  • #659,361
  • May 17, 2022 7:55am May 17, 2022 7:55am
Quoting donfriday
{quote} ' nothing should surprise u again in this business ... we opened at 1.35 se where we are now
You are right man
  • #659,362
  • May 17, 2022 7:59am May 17, 2022 7:59am
Quoting Wavegarrick
{quote} Possible price action for today. My daily pivot at 1.22897. Have a great day. {image}
Hi Guys,
Looking more and more promising for bulls at this point. With current momentum I would not be surprised with a retest of 1.24000 and straight up. For a stronger bullish build up, we could retrace to 1.22897.
Trade safe,
Cheers.
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Trade to trade another day
  • #659,363
  • May 17, 2022 8:22am May 17, 2022 8:22am
Quoting Nd10
{quote} 1.19? . That's huge
Huge? Last week some bear farted and the smell got all the way there

but for real, let see if price will get to around 1.24 what the reaction will be.
i dont like to look so far
  • #659,364
  • May 17, 2022 8:34am May 17, 2022 8:34am
My last main still open short move
Quoting mtako
{quote} Lost that one with the 1H BO of >3030(-39), now finally selling again Sold 3112.
, happened at the failure to push beyond this level and I am excited to see how it will fare this time around. That is why, among other reasons of course, for the second time in this move, I am being a little more aggressive like I was at >.31 just a little over a month ago.

Nice moves GU. If this is the end of it all, just want to say, I this good time we had this last month, and every second of it
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,365
  • May 17, 2022 8:45am May 17, 2022 8:45am
Quoting Mitiblotch
Roaming back up. Yeah. When it does this, then tomorrow it might take out today's top by 10 -20 pips and then dump a bit. But I want it to dump today because I sold again. Lol..
I know. Today doesn't look like a day price would come down for retrace. Price would want to take out that 1.25 before dropping. Now back up to 2480. Arrghhh
  • #659,366
  • May 17, 2022 9:07am May 17, 2022 9:07am
new set of shorts loaded
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  • #659,367
  • May 17, 2022 9:24am May 17, 2022 9:24am
I see Powell speaks later, can help drop some GU, watching and reacting
People don't plan to lose. They lose because they don't plan.
  • #659,368
  • Edited 11:04am May 17, 2022 9:43am | Edited 11:04am
Hi, what a lovely trade up this week. Is this a positive sign of war winnings? Not convinced yet, perhaps is just a retracement.

Looking at daily chart we might reach break down area, all we need is a third green soldier.

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  • #659,369
  • May 17, 2022 10:19am May 17, 2022 10:19am
Quoting Jolita
Hi, what a lovely trade up this week. Is this a positive sign of war winnings? Not convinced yet, perhaps is just a retracement. Looking at daily chart we might reach break down area, all we need is a thrid green soldier. {image}
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #659,370
  • Edited 10:54am May 17, 2022 10:19am | Edited 10:54am
Quoting Jolita
Hi, what a lovely trade up this week. Is this a positive sign of war winnings? Not convinced yet, perhaps is just a retracement. Looking at daily chart we might reach break down area, all we need is a thrid green soldier. {image}
that is the 3rd, inflation is a very hot read tomorrow
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #659,371
  • May 17, 2022 10:27am May 17, 2022 10:27am
Quoting Bones
{quote} that is the 3rd, inflation is a very hot read tomorrow {image}
What is your view bones? 🌶
  • #659,372
  • May 17, 2022 10:38am May 17, 2022 10:38am
Quoting Whale
{quote} What is your view bones? 🌶
follow the daily its right for higher
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #659,373
  • May 17, 2022 10:47am May 17, 2022 10:47am
I'm interested in selling rallies after the inflation report.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #659,374
  • May 17, 2022 10:55am May 17, 2022 10:55am
weekly is winking
inflation is rampant, even the cp-lie could go double digit
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #659,375
  • May 17, 2022 10:57am May 17, 2022 10:57am
Quoting Bones
weekly is winking inflation is rampant, even the cp-lie could go double digit {image} {image}
it looks like the market is front running the inflation report to price in 10%

https://www.ft.com/content/0a8f0465-...b-571f9fb6f0d4
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #659,376
  • May 17, 2022 11:06am May 17, 2022 11:06am
Quoting ForexGoose
I'm interested in selling rallies after the inflation report. {image} {image}
inflation makes the currency go up not down. In this case of UK, we are excluding places like Venezuela of course. And assuming they will further increase interest rates like they probably will. That's why the USD is up

https://www.investopedia.com/ask/ans...hange-rate.asp
  • #659,377
  • May 17, 2022 11:11am May 17, 2022 11:11am
Quoting Bones
weekly is winking inflation is rampant, even the cp-lie could go double digit {image} {image}
Estimated 9.0. Hmm... it may fail to beat it. What's the deviation from forecast for the previous 5 months? I doubt it will be 9.0 this time. But if it beats then bulls will smash bears head tomorrow.
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  • #659,378
  • Edited 11:24am May 17, 2022 11:12am | Edited 11:24am
Quoting Wavegarrick
{quote} Hi Miti, The swing will come and it will happen so quick that most traders will not get in on the move because of the relentless down push on Gu and bearish sentiment.Just the way the market is when it comes to multi month, year swings. Best to sit and wait Agree with you, I certainly do not want to sell here unless tight stops and scalping trades. Cheers.
Very difficult to sway the mind when one is set on a direction/goal. We are programmed to go into a direction and not to change and adapt. The market is very good at doing just the opposite.
Cheers.
Trade to trade another day
  • #659,379
  • May 17, 2022 11:31am May 17, 2022 11:31am
Quoting Wavegarrick
{quote} Very difficult to sway the mind when one is set on a direction/goal. We are programmed to go into a direction and not to change and adapt. The market is very good at doing just the opposite. Cheers.
This is fact, Wave. But I also think that people are willing to change their minds but price moves so quick and without the needed retrace so people refuse to get in and on and on price goes. Same thing over and over. Rinse and repeat.
  • #659,380
  • May 17, 2022 11:45am May 17, 2022 11:45am
Quoting Bones
{quote} that is the 3rd, inflation is a very hot read tomorrow {image}
Not much been done to reduce. Prices rising, people spending less, living costs increasing.
Mr Bailey under pressure with inflation '7.0% in March and is forecast to have reached a 40-year high of 9.1% in April' .
https://www.reuters.com/business/fin...me-2022-05-16/
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