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Cable Update (GBPUSD)

  • #673,261
  • Aug 4, 2022 1:17am Aug 4, 2022 1:17am
Quoting Chris_35
{quote} Support from 14th July 11760 broken yesterday and has resisted 5 times to break through on 1hr chart
Well I can't be certain which way it will go, but one thing I do know!!

Come 12.00 today it will move (big time)!!!!

I will not be in the market that's for sure!!
Don't trade what you think. Just what you see!!!
  • #673,262
  • Aug 4, 2022 1:21am Aug 4, 2022 1:21am
G/M, back from hols. If Uk Boe Mpc only raise +0.25% it will be as if they didn't at all, probably, re market reaction. This site going with +0.5% which is the consensus forecast, Will they be bolder and go +0.75%?

1hr below
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Trader with an Edge.
  • #673,263
  • Aug 4, 2022 1:22am Aug 4, 2022 1:22am
2 scenario i have on my screen

1.2250 is possible
1.2050 is possible


now we should see 25pips drop to 1.2150 i will lock my short 1pip
MY OPINION NOT FINANCIAL ADVISE
  • #673,264
  • Aug 4, 2022 1:22am Aug 4, 2022 1:22am
Quoting Headland
G/M, back from hols. If Uk Boe Mpc only raise +0.25% it will be as if they didn't at all, probably, re market reaction. This site going with +0.5% which is the consensus forecast, Will they be bolder and go +0.75%? 1hr below {image}
welcome back mate! How’s the hols?
Insane in the Brain..
  • #673,265
  • Aug 4, 2022 1:23am Aug 4, 2022 1:23am
Quoting donfriday
2 scenario i have on my screen 1.2250 is possible 1.2050 is possible now we should see 25pips drop to 1.2150 i will lock my short 1pip
i will potential take profit at 12150 and then potentially swing north in time for BoE before letting it drop


sounds great in theory lol
Insane in the Brain..
  • #673,266
  • Aug 4, 2022 1:26am Aug 4, 2022 1:26am
Quoting donfriday
{quote} i am a full tech trader i use news as caution to lower my risk i am projecting a drop from 1.2175 cus we found resistance at 1.2200 yesterday from london-NY so i want to see 1.2050 and maybe lower, i can see a hidden bullish div in that area also we need to be very very caution of 1.2275-1.2350 trade safe/ just my view
I don't care what resistance, support or 4hr divergency or any other tech analysis.

Come 12.00 then it's pure economics!!! Pure economics!!!
Don't trade what you think. Just what you see!!!
  • #673,267
  • Aug 4, 2022 1:26am Aug 4, 2022 1:26am
Quoting donfriday
2 scenario i have on my screen 1.2250 is possible 1.2050 is possible now we should see 25pips drop to 1.2150 i will lock my short 1pip

i have lock in 1 pip sl 1.21746 entry 1.21756
MY OPINION NOT FINANCIAL ADVISE
  • #673,268
  • Aug 4, 2022 1:27am Aug 4, 2022 1:27am
Quoting BeeTogether
{quote} welcome back mate! How’s the hols?
Hi mate, thanks. Great time thanks....great weather and loads of walking/cycling etc... Hope all good re you, and markets.
Trader with an Edge.
  • #673,269
  • Edited 3:17am Aug 4, 2022 1:30am | Edited 3:17am
Quoting Theoak
Resistance level. Hopefully price will react and start us on a bear run. If not then I might be out cable for a bit. Until there is a clearer picture!!
Short in at 1.2160 target 1.2135

10 pip loss

will wait for BOE 12.00
Don't trade what you think. Just what you see!!!
  • #673,270
  • Aug 4, 2022 1:31am Aug 4, 2022 1:31am
Quoting Headland
{quote} Hi mate, thanks. Great time thanks....great weather and loads of walking/cycling etc... Hope all good re you, and markets.
All groovy here! Seems the market is behaving too lol

off For a long weekend away from london tomorrow can’t wait! Hopefully cleaner air and chilling with the family
Insane in the Brain..
  • #673,271
  • Aug 4, 2022 1:31am Aug 4, 2022 1:31am
Quoting Theoak
{quote} I don't care what resistance, support or 4hr divergency or any other tech analysis. Come 12.00 then it's pure economics!!! Pure economics!!!

sorry i did not start trading based on fundamentals so i don't understand anything else than my chart and that has brought me this far for 13yrs.

i understand economics move the market but the outcome of the event can be seen on the chart before or after so i am not even bothered about them.
MY OPINION NOT FINANCIAL ADVISE
  • #673,272
  • Aug 4, 2022 1:32am Aug 4, 2022 1:32am
bad PMI data...
can interest rates push this currency up and switch the scenario?
90% of traders use TA, indicators and prediction
  • #673,273
  • Aug 4, 2022 1:33am Aug 4, 2022 1:33am
Quoting BeeTogether
{quote} All groovy here! Seems the market is behaving too lol off For a long weekend away from london tomorrow can’t wait! Hopefully cleaner air and chilling with the family
...sounds great, hope you all have a great time, nice to get away, you'll be able to hear the birds chirping instead of coughing !
Trader with an Edge.
  • #673,274
  • Aug 4, 2022 1:37am Aug 4, 2022 1:37am
Quoting donfriday
{quote} sorry i did not start trading based on fundamentals so i don't understand anything else than my chart and that has brought me this far for 13yrs. i understand economics move the market but the outcome of the event can be seen on the chart before or after so i am not even bothered about them.
I beg to differ
Don't trade what you think. Just what you see!!!
  • #673,275
  • Aug 4, 2022 1:37am Aug 4, 2022 1:37am
Quoting Headland
{quote} ...sounds great, hope you all have a great time, nice to get away, you'll be able to hear the birds chirping instead of coughing !
hopefully and as we will be by the coast I’m sure there will be a fair bit of walking (better charge that fitbit)
Insane in the Brain..
  • #673,276
  • Aug 4, 2022 1:37am Aug 4, 2022 1:37am
They are tricking me again and again
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yes yes yes
  • #673,277
  • Aug 4, 2022 1:38am Aug 4, 2022 1:38am
I see no reason to go up, technically
if we are below green line
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Trendlines H1,H4, SMC
  • #673,278
  • Aug 4, 2022 1:44am Aug 4, 2022 1:44am
i think it's time to go with the indi's and not against them
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yes yes yes
  • #673,279
  • Aug 4, 2022 1:51am Aug 4, 2022 1:51am
I will stop predicting till BOE happens. GU too volatile to take any sides....
  • #673,280
  • Aug 4, 2022 1:51am Aug 4, 2022 1:51am
Seems everyone is shorting.
Anyone long?
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