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Cable Update (GBPUSD)

  • #667,661
  • Jul 6, 2022 12:47pm Jul 6, 2022 12:47pm
Quoting duongng2807
{quote} priced in ?? im expecting correction over dxy ...too much heat for $
maybe but correction is not a trend, maybe you are right in the short term
  • #667,662
  • Jul 6, 2022 12:48pm Jul 6, 2022 12:48pm
Quoting Pat Chiko
{quote} Maybe bounce. Need to see from where it it bounce on FOMC minutes. {image}
GU

Gimme the spike up.

GU flying.....

Attached Image (click to enlarge)
Click to Enlarge Name: gu 115.jpg Size: 167 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,663
  • Jul 6, 2022 12:51pm Jul 6, 2022 12:51pm
Quoting ScalaFX
{quote} Or maybe reversal point

NOTE:

Price made and tested Yesterday LOW

Unable to hold it, Retest twice.

Price above YL, trying to trap short seller and spike on FOMC.

Add the script, as you sees it fit
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,664
  • Jul 6, 2022 12:54pm Jul 6, 2022 12:54pm
Quoting PatienceFx
{quote} a talk of 75 bps hike is expected ; so a minor fall on news talk below 75 bps and a spike up in cable
USD

If positive comment.... Tomorrow will be up
If negative comment.... Tomorrow will be down
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,665
  • Jul 6, 2022 1:00pm Jul 6, 2022 1:00pm
I think risk-buyers are cautious until the headlines hit on fear that there will be some very-hawkish sounding words in there. I wouldn't be surprised if we see a risk rally afterwards, no matter what they contain because they're already old news.
  • #667,666
  • Edited 1:27pm Jul 6, 2022 1:07pm | Edited 1:27pm
Quoting eyefeelsix
{quote} {quote} because of my english limitation, maybe that's I can give ( google translate always ) {image}
Thank you. No worries with language. Most of us foreigners here. I use phone most of the time, always have to correct my spelling. Apologies

Your chart is perfect and clear.
I am not as active and use simple charts and methods combined - trend lines, Fibs, S&R levels, PA. Noticed traders using EW have more accurate approach and better success rate. I know it takes years to master them.
My respect to those who can map EW correctly. There are so many waves and variations -
1-5, A-C it is not as difficult, but the ones in brackets it is at higher level.
Need to study, plot on a chart and practise I guess.

For beginners like myself, here some basics explained -
https://www.investopedia.com/article...cal/111401.asp
  • #667,667
  • Jul 6, 2022 1:17pm Jul 6, 2022 1:17pm
sounded dovish but they keep buying $, ) crazy!
  • #667,668
  • Jul 6, 2022 1:17pm Jul 6, 2022 1:17pm
FOMC minutes sound bearish for GU due to the widening rate differentials. Anyway, the 75Bps had already been priced i think, but what i found hard to understand is
The majority of participants saw downside risks to growth, including the possibility that Fed hikes will have a larger-than-expected impact.
What does that implies? Fed hike would cause a Recession worst than expected to the US economy?
More time in the market, does not mean you trade better!
  • #667,669
  • Jul 6, 2022 1:23pm Jul 6, 2022 1:23pm
Quoting duongng2807
{quote} priced in ?? im expecting correction over dxy ...too much heat for $
It was correcting at 104.0, then decided to reach the stars, at 107 now, this can't be right, pure manipulation. One day no recession, another yes we have fears. They do what ever it takes to lower energy prices, then put a cap on, imo. Can not go forever!
Attached Image (click to enlarge)
Click to Enlarge Name: _20220706_191901.JPG Size: 87 KB
  • #667,670
  • Jul 6, 2022 1:25pm Jul 6, 2022 1:25pm
Quoting Pat Chiko
{quote} GU Gimme the spike up. GU flying..... {image}

GU

Partial TP

Attached Image (click to enlarge)
Click to Enlarge Name: gu 116.jpg Size: 231 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,671
  • Jul 6, 2022 1:27pm Jul 6, 2022 1:27pm
The 'more restrictive policy in the future' may make UJ to the moon. any idea about GJ.
More time in the market, does not mean you trade better!
  • #667,672
  • Jul 6, 2022 1:29pm Jul 6, 2022 1:29pm
Quoting Fardeen1209
FOMC minutes sound bearish for GU due to the widening rate differentials. Anyway, the 75Bps had already been priced i think, but what i found hard to understand is The majority of participants saw downside risks to growth, including the possibility that Fed hikes will have a larger-than-expected impact. What does that implies? Fed hike would cause a Recession worst than expected to the US economy?
dovish for me , aggressive rate hike is a bad idea to slow down inflation at this time, small-mid businesses cannot afford higher price (energy prices) + higher loan..just a point of view, please correct me
  • #667,673
  • Jul 6, 2022 1:32pm Jul 6, 2022 1:32pm
A lot of wiphsaws
Attached Image (click to enlarge)
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yes yes yes
  • #667,674
  • Jul 6, 2022 1:37pm Jul 6, 2022 1:37pm
Quoting eyefeelsix
FOMC today {image}
Nothing was going to happen. Just minutes. No new issues, no press conference.
  • #667,675
  • Jul 6, 2022 1:37pm Jul 6, 2022 1:37pm
Quoting duongng2807
{quote} dovish for me , aggressive rate hike is a bad idea to slow down inflation at this time, small-mid businesses cannot afford higher price (energy prices) + higher loan..just a point of view, please correct me

They wanna slow the ecomony down but risk of global recession, makes USD a safe haven
  • #667,676
  • Jul 6, 2022 1:38pm Jul 6, 2022 1:38pm
Quoting duongng2807
{quote} dovish for me , aggressive rate hike is a bad idea to slow down inflation at this time, small-mid businesses cannot afford higher price (energy prices) + higher loan..just a point of view, please correct me
Yup that sounds well. but from Fed perspective do they have any other instruments to mitigate the inflation apart from balance sheet reduction and interest rate?
More time in the market, does not mean you trade better!
  • #667,677
  • Jul 6, 2022 1:39pm Jul 6, 2022 1:39pm
we finally see the bottom
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 287 KB
Trendlines H1,H4, SMC
  • #667,678
  • Jul 6, 2022 1:43pm Jul 6, 2022 1:43pm
Currently long gold and short Gbpusd
  • #667,679
  • Jul 6, 2022 1:44pm Jul 6, 2022 1:44pm
Quoting Pat Chiko
{quote} GU Partial TP {image}
GU

Reverse


Attached Image (click to enlarge)
Click to Enlarge Name: gu 117.jpg Size: 93 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #667,680
  • Jul 6, 2022 1:46pm Jul 6, 2022 1:46pm
Quoting nAVIN2007
{quote} bleeding here...I was not stressed at all, but this bloody Boris is giving pain..
Try to chill nAvin, watch Wimbledon games, what a great win for Nadal!
Only a few left in No 10, BJ hours can be counted, and it should lift GBP up, positivity for the country.
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