Disliked{quote} Szakhele719, it won't be easy for bulls to take 1.2343 but anything is possible... {image}Ignored
Cable Update (GBPUSD)
- #664,722
- Jun 21, 2022 9:29am Jun 21, 2022 9:29am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Time for the trapdoor to open ! Let’s see below 122
Thanks for your signal.
I follow U.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,724
- Jun 21, 2022 9:38am Jun 21, 2022 9:38am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #664,726
- Jun 21, 2022 9:54am Jun 21, 2022 9:54am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Sell UsdCad instead
That's why I diverse trading into JPY crosses, to balance my trade portfolio.
This will offset any non movement of USD crosses - in this case GU. As you observe all USD are in range trade today, whereas JPY are flying.
With current trade that I've locked with USD/JPY trade since yesterday.
USD JPY. What I really like to talk about is trading by way of looking at mix charts
Take care
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,727
- Jun 21, 2022 10:09am Jun 21, 2022 10:09am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #664,728
- Jun 21, 2022 10:09am Jun 21, 2022 10:09am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} GU Thanks for your signal. I follow U.
N3
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,729
- Jun 21, 2022 10:09am Jun 21, 2022 10:09am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} Hey Moty.... what is that indicator on your chart.... looks like a bunch of bollinger bands.... but looks different than bollinger bands... can you share it or tell me where I can get it? Thanks...
yes yes yes
- #664,731
- Jun 21, 2022 10:16am Jun 21, 2022 10:16am
- Joined Sep 2017 | Status: Trader | 4,361 Posts
Trade to trade another day
- #664,732
- Jun 21, 2022 10:26am Jun 21, 2022 10:26am
- Joined Oct 2009 | Status: Trader | 5,639 Posts
{quote} GU N3 {image}
Always trade your own plan...I don't provide trading signals.
- #664,733
- Jun 21, 2022 10:31am Jun 21, 2022 10:31am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #664,734
- Jun 21, 2022 10:41am Jun 21, 2022 10:41am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} UJ is in no mans land, where it will land further or reverse. {image}
Still waiting for Prime Minister Fumio Kishida and Bank of Japan Governor Haruhiko Kuroda to seek Emperor clarification (pun intended...
) on the last buying of massive 80 billion worth of Japanese bonds at 0.25%.Waiting for Emperor to give signal for intervention.
BTW , all UJ position locked in positive.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,735
- Jun 21, 2022 10:44am Jun 21, 2022 10:44am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Pat Chiko, you promised you won't copy charts...
Sometimes, it is nice to give credit to others when the made a genuine effort to analyse chart.
My form appreciate to others always comes in surprising ways.
After all we are all very friendly people here, not trying to outdo each others .... more to compliment each others.
Best Regards
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,736
- Edited 1:03pm Jun 21, 2022 10:46am | Edited 1:03pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
{quote} Why this candleany one has idea? {image}
{quote} Is many reasons, can be some more buyers after touch tl, can be stop loss hunting, or ftb to this ftr candle on drop, that doesnt matters, the main trend is still down
{quote} {image}
"Exchange of hands"
- #664,737
- Jun 21, 2022 11:12am Jun 21, 2022 11:12am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
GBP USD
We're looking for more clues from Wednesday’s UK CPI report.
Lets take a look at what are this news releases and why are they important.
Inflation and interest rate are currently the most important news release for both Equities and forex
According to BOE , the dollah strength it will add 1/2 point to UK CPI.
Is the inflation in UK worse compares to thr US ?
If we're talking about inflation then that's really difficult to compare because the UK/US measure it in different ways.
(not going to write my thesis here........)
The US constantly adjust the CPI and using the 1980 metric it is >20%
Whereas UK CPI inflation: to rise to 9.1% in May from 9.0% previous month and expectations that inflation can top 11%.
and UK inflation is *not* pay-driven.
Wednesday holds the crucial UK inflation data publication, which will be a big market driver for the British Pounf,
as it will affect the BOE rate hike expectations.
NOTE : The UK inflation rate touched a 40-year high of 9% YoY in April.
Back to GBPUSD might not necessarily respond they way you would expect to Wednesday's release of UK inflation data,
although for the FTSE it should be a straight-forward reaction.
Growing concerns that aggressive policy tightening by the Fed could risk an economic recession sapped investors’ confidence.
Meanwhile, yet another negative GDP print for the UK economy in April fanned recession fears, which smashed the GBP/USD pair
to the lowest level since March 2020.
Going to be interesting day tomorrow........
Best Wihese & Trade Safely
Pat CHIKO
We're looking for more clues from Wednesday’s UK CPI report.
Lets take a look at what are this news releases and why are they important.
Inflation and interest rate are currently the most important news release for both Equities and forex
According to BOE , the dollah strength it will add 1/2 point to UK CPI.
Is the inflation in UK worse compares to thr US ?
If we're talking about inflation then that's really difficult to compare because the UK/US measure it in different ways.
(not going to write my thesis here........
)The US constantly adjust the CPI and using the 1980 metric it is >20%
Whereas UK CPI inflation: to rise to 9.1% in May from 9.0% previous month and expectations that inflation can top 11%.
and UK inflation is *not* pay-driven.
Wednesday holds the crucial UK inflation data publication, which will be a big market driver for the British Pounf,
as it will affect the BOE rate hike expectations.
NOTE : The UK inflation rate touched a 40-year high of 9% YoY in April.
Back to GBPUSD might not necessarily respond they way you would expect to Wednesday's release of UK inflation data,
although for the FTSE it should be a straight-forward reaction.
Growing concerns that aggressive policy tightening by the Fed could risk an economic recession sapped investors’ confidence.
Meanwhile, yet another negative GDP print for the UK economy in April fanned recession fears, which smashed the GBP/USD pair
to the lowest level since March 2020.
Going to be interesting day tomorrow........
Best Wihese & Trade Safely
Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #664,739
- Jun 21, 2022 11:24am Jun 21, 2022 11:24am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
GBP USD We're looking for more clues from Wednesday’s UK CPI report. Going to be interesting day tomorrow........
GBP CPI is 9 vs US 8.6 - seems GBP is worst than US in terms of inflation, and even if it stays at same level still remain worse.
Yet FED is more aggressive on Interest rates leading from 0.50 basis i.e 1.75 vs 1.25
Conclusion: GU will go crazy bearish, because past two days the ADR has come down from 200 to 80's, perhaps waiting for news.
Disclaimer: above are my thought process and can be wrong!
"Exchange of hands"
- #664,740
- Jun 21, 2022 11:28am Jun 21, 2022 11:28am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
GBP USD We're looking for more clues from Wednesday’s UK CPI report.
The pound is set to remain disadvantaged against the dollah. ...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104