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Cable Update (GBPUSD)

  • #664,741
  • Jun 21, 2022 11:47am Jun 21, 2022 11:47am
Quoting Pat Chiko
USD JPY.

USD JPY

End of Scalping
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #664,742
  • Jun 21, 2022 12:10pm Jun 21, 2022 12:10pm
UJ - 200+ pips
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"Exchange of hands"
  • #664,743
  • Jun 21, 2022 12:14pm Jun 21, 2022 12:14pm
Crooky false break h&s
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yes yes yes
  • #664,744
  • Jun 21, 2022 12:32pm Jun 21, 2022 12:32pm
Quoting Pat Chiko
{quote} USD JPY End of Scalping {image}
Kerrrrrrrrrrrrrrching
  • #664,745
  • Jun 21, 2022 12:44pm Jun 21, 2022 12:44pm
Quoting Waveskierrob
{quote} Kerrrrrrrrrrrrrrching

Waveskie, who have FF account but only post sound of pain............, while looking at other traders posting in this thread.


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Staying away from the chaos
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #664,746
  • Jun 21, 2022 1:01pm Jun 21, 2022 1:01pm
Quoting q_import
{quote} Better not wait At this point i would fade everything you see here {image}
Same here. Been a while!
  • #664,747
  • Jun 21, 2022 1:04pm Jun 21, 2022 1:04pm
Quoting bilal1947
{quote} Thank you PAT for bringing up such topics. below are my thought process on CPI. 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. {image} Yet FED is more aggressive on Interest rates leading from 0.50 basis i.e 1.75 vs 1.25 {image} 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!
Same thoughts here.
  • #664,748
  • Jun 21, 2022 1:21pm Jun 21, 2022 1:21pm
Quoting bilal1947
UJ - 200+ pips {image}
was it 20% profit of your account?
  • #664,749
  • Jun 21, 2022 1:23pm Jun 21, 2022 1:23pm
Quoting Pat Chiko
{quote} USD JPY End of Scalping {image}
I want to buy AUD/USD and leave the trade run for few weeks. What do you think?
What to do for those who dont have any time to stare at charts?

  • #664,750
  • Jun 21, 2022 1:28pm Jun 21, 2022 1:28pm
Quoting genadi
{quote} I want to buy AUD/USD and leave the trade run for few weeks. What do you think? What to do for those who dont have any time to stare at charts?
I donno.

I need to look at the chart and analyse it, or somebody analyse it for me to make trade decision.

If you're asking my opinion, I have none on AU
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #664,751
  • Jun 21, 2022 1:29pm Jun 21, 2022 1:29pm
Quoting Pat Chiko
{quote} Waveskie, who have FF account but only post sound of pain............, while looking at other traders posting in this thread. {image} Staying away from the chaos
Hahaha ...brilliant
  • #664,752
  • Jun 21, 2022 1:35pm Jun 21, 2022 1:35pm
Quoting Waveskierrob
{quote} Hahaha ...brilliant

Nah.................., its more like this !..

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #664,753
  • Jun 21, 2022 1:39pm Jun 21, 2022 1:39pm
Quoting Pat Chiko
{quote} Nah.................., its more like this !.. {image}
Hahahhahaha!! Im in action
Yeah! And Waveskie like always sell and buy in one place and taking profit from both
People don't plan to lose. They lose because they don't plan.
  • #664,754
  • Jun 21, 2022 1:42pm Jun 21, 2022 1:42pm
Overall we're still looking bearish, though the RSI still showing opportunity for bullish momentum. This week we haven't seen much movement, but as fundamentals show overall were still taking sells. This might be a short bull run, due to the fact that price may rally to the forks outer median line, where we can see strong sellers await.
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  • #664,755
  • Jun 21, 2022 1:44pm Jun 21, 2022 1:44pm
Quoting Pat Chiko
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. Pat CHIKO
Not pay driven? That is the 4th biggest expense in the CPI with energy, food and rent first. The problem with pay inflation is that unlike energy, food and rent pay increases don't come down - unless it's a recession and mega job cuts which PERSONALLY I don't see happening in the near future. With so many job openings still in the USA the wage inflation remains persistent, I know as I've got 2 jobs open (assistant and receptionist $17/hour starting with benefits, paid vacation, etc.) and no-one applying. If I raise the rate to get someone that means I've got to give all the other employees raises as well which means I'm raising prices AGAIN and it sucks but lately my business is working longer hours and less profitable (squeeze profit margins).

Other areas of the economy, especially energy, are easier to get under control - with energy produce more and tell all the "greenies" to STFU or pay your gas bill. Food is a very tough area especially in 2nd and 3rd world countries. Rent - build more units and rent will level out. Don't build units and rent will continue to skyrocket.

All the Central Banks can do is kill demand with higher rates. Higher rates have no effect on growing food so....

Personally I'm still of the opinion that this is nothing more than a RESET of the financial system and the "best is yet to come" (it will be ugly but to those with knowhow you buy when there is blood in the streets and right now all the streets are looking clear.
...because you never know - until you do!
  • #664,756
  • Jun 21, 2022 2:01pm Jun 21, 2022 2:01pm
Quoting Georginson
{quote} Something is cooking for tomorrow, we may see a spike to 1.25 or a plunge to 1.20 tomorrow. I will sit this one out actually. Important clues ✓A break of 1.2411 will provoke price surge to 1.2540 ✓ A break Below 1.2200 will provoke price plummet to 1.2050... The slow motion in the last two days is mainly momentum gathering, traders shouldn't fall for it. Just my view.
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Black lines.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #664,757
  • Jun 21, 2022 5:56pm Jun 21, 2022 5:56pm
2240 to 2280/2300

IMO
Intraday only.
  • #664,758
  • Jun 21, 2022 7:31pm Jun 21, 2022 7:31pm
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yes yes yes
  • #664,759
  • Jun 21, 2022 9:29pm Jun 21, 2022 9:29pm
Quoting Moty
{image}
lol
  • #664,760
  • Jun 21, 2022 10:17pm Jun 21, 2022 10:17pm
Any idea regarding CPi, GBP is at disadvantage i supposed
More time in the market, does not mean you trade better!
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