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Cable Update (GBPUSD)

  • #668,141
  • Jul 8, 2022 8:01am Jul 8, 2022 8:01am
Quoting TheWolf
{quote} I'm with you, few pips higher than you!


let it move..


it will end well
MY OPINION NOT FINANCIAL ADVISE
  • #668,142
  • Jul 8, 2022 8:02am Jul 8, 2022 8:02am
Quoting TheWolf
1H closing ablove 1.19875 is a buy signal.
I would have agreed with you if it where on a normal scenario.
But considering the news and that awesome payroll report,
I believe we should expect more downside
  • #668,143
  • Jul 8, 2022 8:03am Jul 8, 2022 8:03am
Quoting ScalaFX
Added 1960 1970 to earlier longs
All positions protected Target 2235
People don't plan to lose. They lose because they don't plan.
  • #668,144
  • Jul 8, 2022 8:07am Jul 8, 2022 8:07am
Quoting BeeTogether
{quote} strange thing was it felt like a muted movement until a few mins ago
The more reason one should wait till the dust settles or apply stop loss, this can go real nasty.

1.2085 or 1.1910 within next 4 hours. Which one is the big question? I will sell at 1.2085 or buy at 1.1910 for 100 pips.
Data + Stat + Risk/Emotions Management
  • #668,145
  • Jul 8, 2022 8:08am Jul 8, 2022 8:08am
Quoting ScalaFX
{quote} All positions protected Target 2235
You are on fire man!
  • #668,146
  • Jul 8, 2022 8:10am Jul 8, 2022 8:10am
Quoting Georginson
{quote} The more reason one should wait till the dust settles or apply stop loss, this can go real nasty.
Or it may just not move at all.
If the market has to move this pair up, it will just squelch itself with the USD positive news and wait for more excuses news next week
  • #668,147
  • Jul 8, 2022 8:16am Jul 8, 2022 8:16am

  1. I'm slightly less concerned about wage inflation but only slightly
  2. Still a lot of labor market momentum
  3. We're starting to inch in the right direction
  4. I am fully supportive of 75 bps in July
  5. We need to move aggressively
  6. We can move at 75 bps and not see a lot of protracted damaged to the broader economy
  7. I've been on the low side of where we need to get, in the 3% range but we'll get a lot more data in the coming months
  8. I'm going to take a wait-and-see attitude
  9. All of the dynamics we see are impacted by the pandemic
  10. The core of the US economy is still strong and that's where we're watching

Atlanta Fed President Bostic

  • #668,148
  • Jul 8, 2022 8:17am Jul 8, 2022 8:17am
Quoting KlifeFx
{quote} I would have agreed with you if it where on a normal scenario. But considering the news and that awesome payroll report, I believe we should expect more downside
imo datas shown less chance of recession, but still bad with 3.6% unemplyment & NFP still less than previous! + bostic said dovish things. lets see how market reacts first
  • #668,149
  • Jul 8, 2022 8:18am Jul 8, 2022 8:18am
Daily closing above 1.2150 is a very good sign for bulls next week.
  • #668,150
  • Jul 8, 2022 8:21am Jul 8, 2022 8:21am
Quoting Pat Chiko
{quote} GU Set up like jigsaw puzzle. {image} This is not prediction. This is not guessing. This is Technical Analysis. Follow the money.
Hey Pat,
is there any book or link where i can learn about the jigsaw?
More time in the market, does not mean you trade better!
  • #668,151
  • Jul 8, 2022 8:31am Jul 8, 2022 8:31am
News were good for USD, but perhaps GBP is rising because people are less scared now that America is more stable.
  • #668,152
  • Jul 8, 2022 8:37am Jul 8, 2022 8:37am
update
my view
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Trendlines H1,H4, SMC
  • #668,153
  • Jul 8, 2022 8:40am Jul 8, 2022 8:40am
or resi 2015, or where gu likes
  • #668,154
  • Jul 8, 2022 9:01am Jul 8, 2022 9:01am
There’s seems to be a couple areas of upwards rejected one is the daily pivot and the other is around 12010-15 touches it and boom kryptonite it goes down
Insane in the Brain..
  • #668,155
  • Jul 8, 2022 9:10am Jul 8, 2022 9:10am
Today is Friday,
Seems the GU already retiring for the weekend.
Cos price got behaving like it ain't going no where after all.
Tired of looking at the screen.
So indecisive
  • #668,156
  • Jul 8, 2022 9:15am Jul 8, 2022 9:15am
Quoting KlifeFx
Today is Friday, Seems the GU already retiring for the weekend. Cos price got behaving like it ain't going no where after all. Tired of looking at the screen. So indecisive
Still have time, D1 can close bullish today
People don't plan to lose. They lose because they don't plan.
  • #668,157
  • Jul 8, 2022 9:15am Jul 8, 2022 9:15am
Crooky mf , that was when the data came out
Looks like a free fall
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now it looks like it's going to fly
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yes yes yes
  • #668,158
  • Jul 8, 2022 9:29am Jul 8, 2022 9:29am
Quoting palpite
A pullback in the MA50-H1. The Usd Index not started the drop yet. {image}
MA50-H4


Attached Image (click to enlarge)
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  • #668,159
  • Jul 8, 2022 9:30am Jul 8, 2022 9:30am
Quoting Moty
Crooky mf , that was when the data came out Looks like a free fall{image} now it looks like it's going to fly{image}
Its look sideway with bearish advantage to 1.1915.

I will wait there with a lot of money.
if we get there, good.
no? Other pairs.
  • #668,160
  • Jul 8, 2022 9:37am Jul 8, 2022 9:37am
Quoting Wavegarrick
{quote} So far so good Folks So sorry my friend Bojo is gone Trade safe. Cheers {image}
Hi Guys,
Up to now I have been using these little pullbacks to get into better buy positions. Can we snap out of this descending channel? We are about to see. I am getting subtle bullish hints from a 4 hr perspective.
Anyway, early days and anything can happen.
Have a great weekend.
Cheers.
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