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Cable Update (GBPUSD)

  • #663,141
  • Jun 12, 2022 6:10am Jun 12, 2022 6:10am
Quoting T721
{quote} found a few more for you most of the stuff i have are mp4 videos and too big to drop here sorry {image} {image} {image} {image} {image}
Blimey Mr T, just spotted some of your PDF's, looks like I've got some homework for the weekend and next week, just like being back at school! lol. I can just about remember that, I've got two years on you mate and been through a rough couple of years lately but i'm just getting back into it. Sometimes life just seems to like throwing you the odd curved ball now and again to make sure your still awake i think. But i'm always up for learning and expanding my thought process in any aspect of life mate, if you can learn something new everyday in any shape or form then that's not a bad thing. All the best mate, stay safe and take care.
  • #663,142
  • Jun 12, 2022 9:03am Jun 12, 2022 9:03am
no convince with last wave down in eu , gu and even usdx up, as though looks impulse but not , rather crazy correction , so will look for reversal to up and more . take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 9 KB
Click to Enlarge Name: GBPUSDH4.png Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #663,143
  • Jun 12, 2022 10:03am Jun 12, 2022 10:03am
Just watching from the sidelines (I’ve got long term buys I’m hoping to cash in when the price eventually recovers - just hoping I have enough equity to ride out any visit below 1.22) but from reading through messages here from last week, were most people not expecting a retrace back to around 1.24 anyway? Way I read it - the cpi data was the catalyst that helped the market get a direction and the fact the inflation fig was higher than forecast pushed gbp lower than expected - but fundamentally there’s still a lot that could improve from all the things dragging the gbp down (I.e Ukrain, oil prices, cost of living, lockdowns in China) and I’d hope that the fact they could force a recession in the us would slow down any massive / unexpected rate hikes?? - I’m nowhere near as experienced as most on here (but I love reading through your posts and learn a lot) i’m holding out for a bounce back up once any of the above improves.. just hoping any drop is short lived and stays above 1.21500
  • #663,144
  • Edited 10:23am Jun 12, 2022 10:06am | Edited 10:23am
Quoting T721
{quote} found a few more for you most of the stuff i have are mp4 videos and too big to drop here sorry {image} {image} {image} {image} {image}
Quoting T721
{quote} thanks for pointing out the hanging man, you might like this they make for some easy pips {image} {image}

Thanks Bro for your educational post and some reading material posted earlier on.
Also, all is well put in simple English..at least non-English spoken people like me can understand..
I completely agreed with the points you put forward..waiting for more from you..


Also Trading is more about experience than education, and experience cannot be paid for. It must be earned by the individual.

Good work.

Best Wishes

PAT Chiko
Kuala Lumpur

And if you are privileged to light your own candle, light another person's candle too because yours might go off.
We rise by rising others.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,145
  • Jun 12, 2022 11:00am Jun 12, 2022 11:00am
...some articles/commentary over the w/e re Powell and the fomc hiking by +0.75% this coming week, after this week just closed's higher than expected inflation numbers. Barclays thinks so now, but most are sticking with +0.5% for June then July as already signaled by Powell. It's a fine line between controlling run-away inflation and taking too much demand out of the economy with this blunt tool of rate rises, thereby causing a slow-down that turns into a recession, or worse - stagflation, ie a sustained period of high inflation and lo - no growth. Whatever the case it probably points to more $ strength, if not immediately, then later this week? I think the near-term most probable overall $ trajectory is clear, with all that is known to us to this point. Of course this could change depending on what else happens.
Trader with an Edge.
  • #663,146
  • Jun 12, 2022 11:06am Jun 12, 2022 11:06am
My view is that bears seem to have taken back control and may want to push price lower. I will be on the lookout for price to retrace to around 1,2400/2415 and then maybe push one more time to the downside to 1,2200/2172 (Chart: H4). Let's see how the market plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-06-11 GBPUSD H4.png Size: 60 KB
  • #663,147
  • Jun 12, 2022 11:21am Jun 12, 2022 11:21am
Quoting Nd10
{quote} Can you explain this please
See some post above about hanging Man
People don't plan to lose. They lose because they don't plan.
  • #663,148
  • Jun 12, 2022 11:36am Jun 12, 2022 11:36am
Quoting Pat Chiko
Hi all, hope all is well on the weekends. I have a Newbie question here. Apology for dumb question. My question is : America has inflation right now, high inflation, but it seems not as bad as the rest of the world? In fact maybe it's relatively low on a global scale? Not sure why DXY keeps going up. Is Weaker Dollar coming? {image} {image} Thanks for everyone help to answer newbie question
Hi Pat, Ninner here, I disagree, Inflation is very high which is giving a big boost to the US dollar. Also, the US dollar is a safe haven currency so with a global economic slowdown will also strengthen the Us dollar. Hope this helps.

Ninner
  • #663,149
  • Jun 12, 2022 11:45am Jun 12, 2022 11:45am
Quoting ninner
{quote} Hi Pat, Ninner here, I disagree, Inflation is very high which is giving a big boost to the US dollar. Also, the US dollar is a safe haven currency so with a global economic slowdown will also strengthen the Us dollar. Hope this helps. Ninner
That’s what I thought - so what would it take for the dollar to weaken - what’s the most likely / probably cause for weakness? Is it just purely recovery of other economies and resolution of some of the current issues (ie cost of living improvements, some sort of end to the war in Ukrain etc) and less demand for safe heaven of dollar that would reduce its demand?
  • #663,150
  • Jun 12, 2022 12:02pm Jun 12, 2022 12:02pm
Quoting Pat Chiko
{quote} What's the better safe heaven? Treasury bonds or The US Dollar?
Both are
  • #663,151
  • Jun 12, 2022 12:03pm Jun 12, 2022 12:03pm
Quoting Pat Chiko
{quote} What's the better safe heaven? Treasury bonds or The US Dollar?
Of course bonds and maybe real estates
People don't plan to lose. They lose because they don't plan.
  • #663,152
  • Jun 12, 2022 12:12pm Jun 12, 2022 12:12pm
Quoting fontu
no convince with last wave down in eu , gu and even usdx up, as though looks impulse but not , rather crazy correction , so will look for reversal to up and more . take care {image} {image}
Witch scenario will be played? Time will tell…
Attached Image (click to enlarge)
Click to Enlarge Name: E3C3484D-CFC0-43BF-931B-1FA389EADD61.jpeg Size: 491 KB
People don't plan to lose. They lose because they don't plan.
  • #663,153
  • Jun 12, 2022 12:55pm Jun 12, 2022 12:55pm
Quoting Pat Chiko
Hi all, hope all is well on the weekends. I have a Newbie question here. Apology for dumb question. My question is : America has inflation right now, high inflation, but it seems not as bad as the rest of the world? In fact maybe it's relatively low on a global scale? Not sure why DXY keeps going up. Is Weaker Dollar coming? {image} {image} Thanks for everyone help to answer newbie question
Hello Patcik,
talking about DXY or anything related to $, in terms of TA it is called divergence, supply continues to rise up while demand has decreased, thus the price's expected to fall later in the future
anyway.. Don't call yourself a newbie, your PA is good enough and newbie is not that good lol

salam buat Siti Nurhaliza
https://breakpullback.com
  • #663,154
  • Jun 12, 2022 1:11pm Jun 12, 2022 1:11pm
Weekend gap looking a bit on the big side
Insane in the Brain..
  • #663,155
  • Jun 12, 2022 1:22pm Jun 12, 2022 1:22pm
Quoting BeeTogether
Weekend gap looking a bit on the big side
where do you see price ?
Intraday only.
  • #663,156
  • Jun 12, 2022 1:59pm Jun 12, 2022 1:59pm
Inflation Adjusted Chart of Dow
Attached Image (click to enlarge)
Click to Enlarge Name: Inflation Adjusted Dow.jpg Size: 41 KB
  • #663,157
  • Edited 2:45pm Jun 12, 2022 2:30pm | Edited 2:45pm
Quoting ScalaFX
{quote} Witch scenario will be played? Time will tell… {image}
Yes lets see what Unfolding! See probable big scnerios, in that sense 2155 not any bad support level, ok give few hundreds pips extra to start reversal.
Now situation, in smaller present scenerios, if to bear a little even likely bounce to 2650 towards 2999 limit, good resistance can be 2860 before real bear continuation. Take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sketch-1655061535910.png Size: 84 KB
Click to Enlarge Name: sketch-1655061252593.png Size: 83 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #663,158
  • Jun 12, 2022 2:40pm Jun 12, 2022 2:40pm
Quoting navk
{quote} where do you see price ?
On IG weekend rates
Insane in the Brain..
  • #663,159
  • Jun 12, 2022 2:43pm Jun 12, 2022 2:43pm
Quoting Pat Chiko
{quote} {quote} That is not correct as the US 10-Year Treasury bond is on pace for its worst year in history with a loss of 12.8%. Entering the year, the 11.1% decline in 2009 was the largest ever. Chart Showing Treasury Bond Returns {image}

So ...it still is considered a safe haven so yes it is!!!
  • #663,160
  • Jun 12, 2022 3:25pm Jun 12, 2022 3:25pm
Quoting BeeTogether
Weekend gap looking a bit on the big side
Xe.com currently @ 1.2322
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