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Cable Update (GBPUSD)

  • #671,641
  • Jul 26, 2022 1:09pm Jul 26, 2022 1:09pm
Quoting Jolita
{quote} Dont you think FOMC is priced in? There is a force visible to hold GBP from dropping, and 1.2114 will be touched first if drop is planned. This could be a trend reversal. Looking to long.
i think that’s going to be the turning point Fed is on a mission to raise rates. Possibility of upping it by 1pc which will bring the house (cable) down
Insane in the Brain..
  • #671,642
  • Edited 2:47pm Jul 26, 2022 2:15pm | Edited 2:47pm
Just checking before sleeping, good bull attempts, over h5 support closewise, next need close daily over 2033, 2010 still easily play , next just need bull to hold over 2055 to up continue strong! So absorb 200 pips shock if due FOMC! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #671,643
  • Jul 26, 2022 2:26pm Jul 26, 2022 2:26pm
Quoting BeeTogether
{quote} i think that’s going to be the turning point Fed is on a mission to raise rates. Possibility of upping it by 1pc which will bring the house (cable) down
1pc is a bit high, 0.5 - 0.75pc disapointment. Will see.
I will try to ignore, I find less media noice better trading result.
  • #671,644
  • Jul 26, 2022 4:07pm Jul 26, 2022 4:07pm
Quoting Jolita
{quote} 1pc is a bit high, 0.5 - 0.75pc disapointment. Will see. I will try to ignore, I find less media noice better trading result.
Tomorrow's FOMC statement not as much important as Thursdays GDP figures.
Actual GDP for Q1 -1.6. Estimate 0.4.
Economists predict for Q2 a 4% (very optimistic!) could be a good sign of recovery.
One more negative growth will signal a resession for US economy.
  • #671,645
  • Jul 26, 2022 5:51pm Jul 26, 2022 5:51pm
If it breaks 1.21, then it is very likely that it will go to 1.25
  • #671,646
  • Jul 26, 2022 6:10pm Jul 26, 2022 6:10pm
With US Core Inflation YoY falling for the 2nd consecutive months, i think FED not gonna rising more than expected.
What your view about that folks?
More time in the market, does not mean you trade better!
  • #671,647
  • Jul 26, 2022 6:30pm Jul 26, 2022 6:30pm
Quoting Jolita
{quote} Tomorrow's FOMC statement not as much important as Thursdays GDP figures. Actual GDP for Q1 -1.6. Estimate 0.4. Economists predict for Q2 a 4% (very optimistic!) could be a good sign of recovery. One more negative growth will signal a resession for US economy.
Facts in a few days, US gov in big trouble trying to soften situation in advance.
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UK news tonight predicted US growth of 2% (leaked info ot just a guess).

Get ready for blood bath guys.
  • #671,648
  • Jul 26, 2022 6:34pm Jul 26, 2022 6:34pm
Quoting Jolita
{quote} Facts in a few days, US gov in big trouble trying to soften situation in advance. {image} UK news tonight predicted US growth of 2% (leaked info ot just a guess). Get ready for blood bath guys.
If that is 2pc lower than expected GU should go up
Insane in the Brain..
  • #671,649
  • Jul 26, 2022 6:42pm Jul 26, 2022 6:42pm
It has to go up. With red news today I'm expecting price to bash above 1.2093 a few times before dropping.
I would not want to be a buyer above 1.2093
We'll see...
  • #671,650
  • Jul 26, 2022 7:12pm Jul 26, 2022 7:12pm
Quoting BeeTogether
{quote} If that is 2pc lower than expected GU should go up
Expected 0.4%.
economist after 4%
Uk talked about 2%.

Only real actual figures we can trust, but bear in mind what to look for, where and why might be a chaos.

Tme to rest, see you tom.
  • #671,651
  • Jul 26, 2022 7:54pm Jul 26, 2022 7:54pm
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #671,652
  • Edited 8:14pm Jul 26, 2022 8:00pm | Edited 8:14pm
Quoting GODofMC
{quote} Ada chart tak? You bikin i jantungan. Tadi siang lawan arah malah loss Update 1: locking small profit, better dan dust{image}
GU is going to minor retrace (downtrend)...to break out low daily (yesterday) 1.19638
but menten major uptrend ya...
not uptrend2u...

so,
GU Sell now (1.20406) ...TP 1.19637
jeng³
  • #671,653
  • Jul 26, 2022 9:34pm Jul 26, 2022 9:34pm
Sometimes it pays to be a sleepwalker
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yes yes yes
  • #671,654
  • Edited 9:47pm Jul 26, 2022 9:36pm | Edited 9:47pm
Quoting fontu
Just checking before sleeping, good bull attempts, over h5 support closewise, next need close daily over 2033, 2010 still easily play , next just need bull to hold over 2055 to up continue strong! So absorb 200 pips shock if due FOMC! Take care {image} {image}
Same as before, holding 2055 to easily break 2090 and up possible then! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #671,655
  • Jul 26, 2022 9:47pm Jul 26, 2022 9:47pm
Quoting fontu
{quote} Same as before, holding 2055 to easily break 2090 and up possible then! Take care {image}
just on going to minor downtrend first for today & tomorrow ...
just my opinion
  • #671,656
  • Jul 26, 2022 11:55pm Jul 26, 2022 11:55pm
Is that a Head and Shoulder breakout and retracement?
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  • #671,657
  • Jul 27, 2022 12:04am Jul 27, 2022 12:04am
Quoting ScalaFX
{quote} Added one more under at 1980 but have no time to post while scalping some Gold, will be closing all positions from 2000 to 2060 when price reach this area, rest under 2000 will be protecting at BE+ and waiting for 2150, maybe today
Ok, profit taken at 2060, closed all above 2000 rest taken half and protected, lets see what can happen today target for rest positions 2150 stricte, will be searching for good oportunity too sell 2150-60 but must see strong rejection, cheers all!
People don't plan to lose. They lose because they don't plan.
  • #671,658
  • Jul 27, 2022 12:34am Jul 27, 2022 12:34am
Quoting ScalaFX
{quote} Ok, profit taken at 2060, closed all above 2000 rest taken half and protected, lets see what can happen today target for rest positions 2150 stricte, will be searching for good oportunity too sell 2150-60 but must see strong rejection, cheers all!
Remember the have over stress wave two in 1h tf
So just expect side way trade up
Tradeing is not your mate
  • #671,659
  • Jul 27, 2022 12:43am Jul 27, 2022 12:43am
Quoting tomie
{quote} just on going to minor downtrend first for today & tomorrow ... just my opinion
yes sure I think , price may need enough space to play arounds . now top range 2043 to 2083 , having h4 close try at 2078 before correct to 2034 ,14 or 10 possible while targets go to 2168 and 2291 . lets see how play , anyway waiting with longs still !
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #671,660
  • Jul 27, 2022 12:52am Jul 27, 2022 12:52am
EU long setup
iQm becomes RSf
if broken resistance 1st TP at black dotted line
rest let it float with Sl move to BE
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More time in the market, does not mean you trade better!
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