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Cable Update (GBPUSD)

  • #669,801
  • Jul 15, 2022 2:59am Jul 15, 2022 2:59am
Quoting Fardeen1209
{quote} Retails Sales would do the job!

  1. if retail sales are strong then 100 bps hike on july 27
  2. if weak, then depending on extent of weakness, 75 bps, 50 bps, or no hike

this was waller comments yesterday - the reason why GU went north suddenly

  • #669,802
  • Jul 15, 2022 3:01am Jul 15, 2022 3:01am
So much bull and bear trap
  • #669,803
  • Jul 15, 2022 3:13am Jul 15, 2022 3:13am
Quoting Tronis
I'm long today, hopefully not too early {image}
I don't like this at all, moved SL closer. For some reason it feels it wants to drop again
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  • #669,804
  • Jul 15, 2022 3:13am Jul 15, 2022 3:13am
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  • #669,805
  • Jul 15, 2022 3:20am Jul 15, 2022 3:20am
#GBPUSD / H1
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  • #669,806
  • Jul 15, 2022 3:22am Jul 15, 2022 3:22am
I am supposed to wait, but 1H pullback getting too juicy if returns <1818. sell stop .1818
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #669,807
  • Jul 15, 2022 3:23am Jul 15, 2022 3:23am
Quoting PatienceFx
{quote} but on daily chart the macd wave has not completed yet, so nothing here {image}
Then you might enter at H4. MACD divergence never wrong.
  • #669,808
  • Jul 15, 2022 3:24am Jul 15, 2022 3:24am
I feel that the top staff is in a meeting. layoffs in progress
POSTMASTER
  • #669,809
  • Jul 15, 2022 4:00am Jul 15, 2022 4:00am
Quoting bigiivan
{quote} Interesting point of view, Leon! Here is my view (but at daily timeframe): 1,23-1,24 at least (maybe after a few months) {image}
According to my plan, we got to close this week in green, above last weeks close 1.2016.2, so circa 200pips is not much to ask really.
Lower low 1.1760 been attained, its time to retrace and its Friday
  • #669,810
  • Jul 15, 2022 4:00am Jul 15, 2022 4:00am
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POSTMASTER
  • #669,811
  • Jul 15, 2022 4:06am Jul 15, 2022 4:06am
I still don't see anything worth taking.
We're still skating around an area I don't want to be involved in a trade.
  • #669,812
  • Jul 15, 2022 4:08am Jul 15, 2022 4:08am
Quoting EvilEye
I still don't see anything worth taking. We're still skating around an area I don't want to be involved in a trade.
read this article for clarity on what to do

https://www.forexfactory.com/thread/...sd?page=999999
  • #669,813
  • Jul 15, 2022 4:21am Jul 15, 2022 4:21am
Quoting Jolita
{quote} According to my plan, we got to close this week in green, above last weeks close 1.2016.2, so circa 200pips is not much to ask really. Lower low 1.1760 been attained, its time to retrace and its Friday
I can’t see 200 pips today especially up. Got the sinking feeling at the Uk isn’t worried about the tanking pound as much as it is to fob off the next lier to us
Insane in the Brain..
  • #669,814
  • Jul 15, 2022 4:23am Jul 15, 2022 4:23am
Quoting Wavegarrick
{quote} Hi Guys, Just want to share something with you. For the first time since 2008 we had 6 months of monthly relentless lower highs and lower lows. It sucks because we are not tuned to it and trading becomes more difficult. At some point we expect a reversal because we are so attuned to the previous month or years.{image}In 2008 the same happened. {image}Just some analytics, Cheers.
I don't expect any reversal until 28th of July. This date COULD be that turning point, maybe. Why? After the second negative Advance GDP Q/Q number the USD started to collapse, not right away though. On 30th of October 2008 we had the first negative GDP number and what happened? GBP fell 2000 pips against USD in 15 DAYS (from 1.65 to 1.45). 30th of January 2009 we had another bad news for USD, also talking about Advance GDP Q/Q. GBP went 250 pips up that day. HOWEVER, it wasn't until 29th of April that we witnessed a total collapse of USD. Third consecutive negative GDP number! From that date on, GBP went up from 1.46 to 1.66 in a MONTH. Prepare yourself, we are not there yet, however we are close! USD/JPY will be a life changer if you get it right and don't miss it. As soon as anyone see any sign speak on this forum immediately and let the others know the time has come! GL
  • #669,815
  • Jul 15, 2022 4:37am Jul 15, 2022 4:37am
Quoting Jolita
{quote} According to my plan, we got to close this week in green, above last weeks close 1.2016.2, so circa 200pips is not much to ask really. Lower low 1.1760 been attained, its time to retrace and its Friday
Guts feeling you right.

1.2005 till Monday, maybe 1.208
waiting for 30m intraday levels will confirm it before i enter.
i hope i will be able to enter.
  • #669,816
  • Jul 15, 2022 4:48am Jul 15, 2022 4:48am
Quoting TheWolf
{quote} I don't expect any reversal until 28th of July. This date COULD be that turning point, maybe. Why? After the second negative Advance GDP Q/Q number the USD started to collapse, not right away though. On 30th of October 2008 we had the first negative GDP number and what happened? GBP fell 2000 pips against USD in 15 DAYS (from 1.65 to 1.45). 30th of January 2009 we had another bad news for USD, also talking about Advance GDP Q/Q. GBP went 250 pips up that day. HOWEVER, it wasn't until 29th of April that we witnessed a total collapse of USD....
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  • #669,817
  • Jul 15, 2022 4:49am Jul 15, 2022 4:49am
Quoting BeeTogether
{quote} I can’t see 200 pips today especially up. Got the sinking feeling at the Uk isn’t worried about the tanking pound as much as it is to fob off the next lier to us
All curencies suffer for the sake of lowering fuel prices, helping us consumers. Have you watched program about Biden and US last night? US Gov is doing everything possible to beat inflation and fuel prices. But this is not enough and Bidens ratings are below Trumps.
I see if I find a link to share.
  • #669,818
  • Jul 15, 2022 4:55am Jul 15, 2022 4:55am
Quoting Georginson
{quote} This I'm about to type will not be liked by many and I have earlier on forecasted 1.38 happening again this year but right now I'm having reasons to doubt it. Here are reasons I'm thinking pound will likely crash to 1.03 within 15 months from now... ✓ in year 2008 GU traded at 2.0391 high and crashed to 1.43 low, then followed up by another crash to 1.35 in year 2009. This crash contains approximately 6900 pips... ✓ in 2014 July, price reached 1.7190 being approximately 3650 pips bounce off the low of 1.35 recorded in year...
@wavegarrick (Leon) this is response to your earlier post as regards year 2008. I did make this post last weekend sighting the same thing. These moves in the currency market is crisis move, buyers can only come in briefly. No more support until 1.14 area.
Data + Stat + Risk/Emotions Management
  • #669,819
  • Jul 15, 2022 5:03am Jul 15, 2022 5:03am
Quoting Robinhood1
{quote} As it stands now, new TP: 1.1410
POSTMASTER
  • #669,820
  • Jul 15, 2022 5:05am Jul 15, 2022 5:05am
Quoting mtako
I am supposed to wait, but 1H pullback getting too juicy if returns <1818. sell stop .1818
This sell stop moved up thank you 1H! Sell stop 1.18218
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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