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Cable Update (GBPUSD)

  • #663,921
  • Jun 16, 2022 12:06am Jun 16, 2022 12:06am
Quoting Georginson
{quote} Dollar was sold off due to the fact that the interest rate hike of 0.75% had already been priced in, sending cable to second lowest price since year 2000. The long term effect of this rate hike will be positive Dollar. You may check May 4 - 5 of this year for more clues.
Correct.
So what is your latest update regarding your pips ranges?
  • #663,922
  • Jun 16, 2022 12:39am Jun 16, 2022 12:39am
Quoting Whale
{quote} 99% that we will get the sideway range, Wyckoff before possible last leg down.
amazing friend, in Wyckoff theory we see it's called AR right on 270p range
https://breakpullback.com
  • #663,923
  • Jun 16, 2022 12:40am Jun 16, 2022 12:40am
121.260 will determine the direction up or down for cable.
  • #663,924
  • Jun 16, 2022 12:47am Jun 16, 2022 12:47am
Attached Image (click to enlarge)
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yes yes yes
  • #663,925
  • Jun 16, 2022 1:00am Jun 16, 2022 1:00am
Quoting Mitiblotch
I was hesitating to buy both EU and GU. When you hesitate you are most likely correct. Well, already 200 pips from bottom to top today. Short 2192. First trade today. Mind you, I think the direction for tomorrow might already be confirmed. Up and up and up!
This was closed at 2168. +24
  • #663,926
  • Jun 16, 2022 1:01am Jun 16, 2022 1:01am
Who remembers the last FOMC before this one? Price shot up and the next few days came crashing to the very lows. I will be care before I close the next buy button.

Quoting Georginson
{quote} Dollar was sold off due to the fact that the interest rate hike of 0.75% had already been priced in, sending cable to second lowest price since year 2000. The long term effect of this rate hike will be positive Dollar. You may check May 4 - 5 of this year for more clues.
I wrote same thing before even seeing yours. This dollar might come roaring back to life again.
  • #663,927
  • Jun 16, 2022 1:04am Jun 16, 2022 1:04am
Quoting Mitiblotch
Who remembers the last FOMC before this one? Price shot up and the next few days came crashing to the very lows. I will be care before I close the next buy button.
Depends on what happens for BoE Interest Rate Decision...
  • #663,928
  • Jun 16, 2022 1:04am Jun 16, 2022 1:04am
BoE news today. What will be interesting is there vote count and the aftermath. The 0.25 has already been priced in but any talks of a recession will send the GU down
Insane in the Brain..
  • #663,929
  • Jun 16, 2022 1:09am Jun 16, 2022 1:09am
Quoting Mitiblotch
Who remembers the last FOMC before this one? Price shot up and the next few days came crashing to the very lows. I will be care before I close the next buy button. {quote} I wrote same thing before even seeing yours. This dollar might come roaring back to life again.
totally agree! Maybe the support levels below 120 are on visible again
Insane in the Brain..
  • #663,930
  • Jun 16, 2022 1:19am Jun 16, 2022 1:19am
Quoting Whale
{quote} Correct. So what is your latest update regarding your pips ranges?
The maximum yearly range is 1900 pips (excluding pandemic and brexit years 2016 and 2020) this current year has done 1815 pips dangerously close to the maximum, which means only 85 pips left to break either 1.1933 or 1.3748... Though current price looks closer to breaking 1.1933 to complete the maximum distance but I otherwise see 1.3748 as the one that will break to 1.3800 later in the year.

As usual nothing is certain and I may be wrong.
Data + Stat + Risk/Emotions Management
  • #663,931
  • Jun 16, 2022 1:37am Jun 16, 2022 1:37am
Quoting Georginson
{quote} The maximum yearly range is 1900 pips (excluding pandemic and brexit years 2016 and 2020) this current year has done 1815 pips dangerously close to the maximum, which means only 85 pips left to break either 1.1933 or 1.3748... Though current price looks closer to breaking 1.1933 to complete the maximum distance but I otherwise see 1.3748 as the one that will break to 1.3800 later in the year. As usual nothing is certain and I may be wrong.
Attached Image (click to enlarge)
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  • #663,932
  • Jun 16, 2022 1:48am Jun 16, 2022 1:48am
Quoting samsha786
{quote} Depends on what happens for BoE Interest Rate Decision...
Looks like it's gonna be a slow frustrating day until this happens...
  • #663,933
  • Jun 16, 2022 1:49am Jun 16, 2022 1:49am
perfect
Attached Image (click to enlarge)
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yes yes yes
  • #663,934
  • Jun 16, 2022 1:52am Jun 16, 2022 1:52am
Quoting Traderview
1.2080 - 1.2050 is the good place to go long. But a retest of 1.1980 is also on the cards which was my previous support zone 1.1980 - 1.2015. Trade little late and little slow. Don't get trapped into the SL hunters.
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  • #663,935
  • Jun 16, 2022 1:52am Jun 16, 2022 1:52am
Quoting Georginson
{quote} The maximum yearly range is 1900 pips (excluding pandemic and brexit years 2016 and 2020) this current year has done 1815 pips dangerously close to the maximum, which means only 85 pips left to break either 1.1933 or 1.3748... Though current price looks closer to breaking 1.1933 to complete the maximum distance but I otherwise see 1.3748 as the one that will break to 1.3800 later in the year. As usual nothing is certain and I may be wrong.
thanks, my chart showing below 1.17
but i can't frame it by time, but this year.
1.243 before will probably invalidate it, but as you know im not a swinger.
  • #663,936
  • Jun 16, 2022 1:54am Jun 16, 2022 1:54am
Am one of those who does not in totality neglect fundamentals but believe so much that every thing your looking to see in fundamentals is already priced in your chart.

I don't really care about what happens in the news, because everything you see was already factored in by the big traders/Institutions.

All you need to know is trade well/ PA, put your stops in the right places, follow the big money, as they always leave a trail immediately the month starts (if your trading any of the lowest time frame, i mean)

**** All i need is to beware that those News is happening but not their effect

**** Sometimes putting your stop in the right places might increase your risk, then you have to reduce your lots (which is very hard some traders ) but your sure
that most time if it hit your stops then that trade is invalid.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,937
  • Jun 16, 2022 1:57am Jun 16, 2022 1:57am
A retest of 1.2020 - 1.1980 is still pretty much on the cards. And it's important for stable short term bull continuation.

1.2076

1.2017

1.1976

All are good place to go long. But i will only buy, after i see a 4hr closes above 1.2050.
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  • #663,938
  • Jun 16, 2022 1:58am Jun 16, 2022 1:58am
imo we will not get out of this range (blue square) before 20\6\22 at least.
with tilda of few pips
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  • #663,939
  • Jun 16, 2022 2:08am Jun 16, 2022 2:08am
Quoting Pat Chiko
{quote} GU Around there at FL area confluence with H1 RSF. {image} EDIT : adding chart H1 - Street View {image}
GU

End of Scalping.

Waiting for nest set up.

UK Official Bank Rate Next.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,940
  • Jun 16, 2022 2:11am Jun 16, 2022 2:11am
Quoting Moty
perfect {image}
the PP didnt hold
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