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Cable Update (GBPUSD)

  • #667,601
  • Jul 6, 2022 9:01am Jul 6, 2022 9:01am
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Trader with an Edge.
  • #667,602
  • Jul 6, 2022 9:02am Jul 6, 2022 9:02am
US data is good.
Insane in the Brain..
  • #667,603
  • Jul 6, 2022 9:05am Jul 6, 2022 9:05am
Is the government confident that gas supply will not be disrupted?
Yes. The current situation facing the UK is not a question of security of gas supply, but of high gas prices set by international markets.
Unlike other countries in Europe, the UK is in no way dependent on Russian gas supply. Our single largest source of gas is from the UK Continental Shelf and the vast majority of imports come from reliable suppliers such as Norway.
There are no gas pipelines directly linking the UK with Russia and imports from Russia made up less than 4% of total UK gas supply in 2021.
Great Britain’s highly diverse supply sources include pipelines from the UK and Norway continental shelf, interconnectors with the continent, and 3 liquified natural gas (LNG) terminals, providing Britain with one of the largest LNG import infrastructures in Europe. Germany, for example, has no LNG import terminals.
  • #667,604
  • Jul 6, 2022 9:08am Jul 6, 2022 9:08am
Quoting BeeTogether
US data is good.
this data shows there is no immediate threat of recession and fed can hike rates to control inflation
  • #667,605
  • Jul 6, 2022 9:09am Jul 6, 2022 9:09am
Quoting Headland
...the really bad news is that the terminally dim Dom Raab will take over as Deputy PM until a new leader of the tory party is elected
he is a right plonker! Lord help us!
Insane in the Brain..
  • #667,606
  • Jul 6, 2022 9:10am Jul 6, 2022 9:10am
Quoting PatienceFx
{quote} this data shows there is no immediate threat of recession and fed can hike rates to control inflation
Yup, although it will be interesting to see how much. The Fed doesn’t want the USD to be too expensive either as it effect trade
Insane in the Brain..
  • #667,607
  • Jul 6, 2022 9:17am Jul 6, 2022 9:17am
Quoting Pat Chiko
{quote} GU Boris resigned. I will add more...... Watch out the Shake out Partial TP, if needed. {image}
GU

Shake out during Data release.

Waiting game for next set up

No idea yet, maybe others can help me out here for nice set up.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,608
  • Jul 6, 2022 9:20am Jul 6, 2022 9:20am
Quoting Pat Chiko
{quote} You mean Larry ?............ He's innocence as far that I knew. {image}
hahahahahahahahaha awsome
  • #667,609
  • Jul 6, 2022 9:24am Jul 6, 2022 9:24am
So back under 190 are we at the Tripple bottom are? If so a bigger rise could be on the cards. 7pm Uk tonight could give us clues
Insane in the Brain..
  • #667,610
  • Jul 6, 2022 9:27am Jul 6, 2022 9:27am
Quoting BeeTogether
So back under 190 are we at the Tripple bottom are? If so a bigger rise could be on the cards. 7pm Uk tonight could give us clues
what is the 2020 low on monthly
  • #667,611
  • Jul 6, 2022 9:29am Jul 6, 2022 9:29am
Quoting BeeTogether
So back under 190 are we at the Tripple bottom are? If so a bigger rise could be on the cards. 7pm Uk tonight could give us clues
Here are the scenarios...

✓2 of the last 3 trade days have produced 200+ pips.
If 200+ pips is to Happen today and if that high of 1.1989 stays unbroken, then 1.1789 may occur... Which will mean shooting the Yearly range to 1950 pips and weekly to 377 pips...

✓Reverse Scenario may be a halt at 1.1855 then shoot to 1.2055.

So either 1.1789 or 1.2055.... Risk Reward clearly favours buying for swing...
Data + Stat + Risk/Emotions Management
  • #667,612
  • Jul 6, 2022 9:29am Jul 6, 2022 9:29am
27 resigning, Boris made more pips than me today
  • #667,613
  • Jul 6, 2022 9:32am Jul 6, 2022 9:32am
Quoting PatienceFx
{quote} what is the 2020 low on monthly
1.1408
Data + Stat + Risk/Emotions Management
  • #667,614
  • Jul 6, 2022 9:36am Jul 6, 2022 9:36am
Quoting Georginson
{quote} 1.1408
so that may be one of the targets in this inflation control race

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  • #667,615
  • Jul 6, 2022 9:42am Jul 6, 2022 9:42am
Quoting Georginson
{quote} 1.1408
Thats the covid low or Brexit year?
Insane in the Brain..
  • #667,616
  • Jul 6, 2022 9:42am Jul 6, 2022 9:42am
Quoting Georginson
{quote} 1.1408
The dollar index extended gains to 107 on Wednesday, a fresh 20-year high, as rising prices, prospects of further interest rate hikes and a deterioration in growth projections weighed on investors' risk appetite. At the same time, divergent policies between the Fed and other major central banks including the ECB and the BoJ also pressured the dollar, as the Fed is seen as more willing to tight monetary policy and raise the interest rates. The Euro is under pressure as energy prices remain elevated and recession risks loom while the British pound fell amid political turmoil after two key ministers resigned. Investors now await the FOMC minutes release later in the day for more clues on the size of the Fed's rate hike this month.
  • #667,617
  • Jul 6, 2022 9:43am Jul 6, 2022 9:43am
Quoting PatienceFx
{quote} so that may be one of the targets in this inflation control race {image}
The Lowest I projected for this month was 1.1880 which has broken by 5 pips, next support is at 1.1780 - 1.1750 area, which means yearly will have to do overshoot.

1.14 will easily happen if Putin attacks any Nato Country, if this does not happen we can completely forget about 1.14...

The last years 1.14 Happened are Year 2016 (brexit+ flash crash) and Year 2020 (Global Pandemic + Lockdown)
Data + Stat + Risk/Emotions Management
  • #667,618
  • Edited 10:10am Jul 6, 2022 9:45am | Edited 10:10am
Quoting PatienceFx
{quote} what is the 2020 low on monthly
These are the monthly candles for 2020 Jan - Dec ... March gave the low 3rd candle from the left the data window tells all about that candle.
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  • #667,619
  • Jul 6, 2022 9:47am Jul 6, 2022 9:47am
Quoting BeeTogether
{quote} Thats the covid low or Brexit year?
Both Covid and Brexit/flash crash produced 1.14...

GU all time low is 1.0540 which Happened in year 1985.
Data + Stat + Risk/Emotions Management
  • #667,620
  • Jul 6, 2022 9:48am Jul 6, 2022 9:48am
1.14 is my stop ..now under water.
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