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Cable Update (GBPUSD)

  • #674,921
  • Aug 11, 2022 7:31am Aug 11, 2022 7:31am
Bad data 2270 SL for all positions
People don't plan to lose. They lose because they don't plan.
  • #674,922
  • Aug 11, 2022 7:32am Aug 11, 2022 7:32am
Quoting ScalaFX
Bad data 2270 SL for all positions
Uncle Powell's interest rates are beginning to bite!
  • #674,923
  • Aug 11, 2022 7:34am Aug 11, 2022 7:34am
Rate rises were too quick now the fed is in limbo either look to reduce them or face potential recession

and with that the GU is dropping not sure why?
Insane in the Brain..
  • #674,924
  • Aug 11, 2022 7:34am Aug 11, 2022 7:34am
price almost took my sl but im back in profitable trades. it was close. coulda shoulda woulda waited for entry but I trade and you all know how that goes
be a thinker before being a reacter
  • #674,925
  • Aug 11, 2022 7:35am Aug 11, 2022 7:35am
News seems like nothing burger, spiked near to my tp then now retraced, not sure if direction is going to be down now. But the trade will ride it to tp or sl regardless.

Checked the news data, looks bad for USD but why GU is having red candle now? Lol
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 67.8%
  • #674,926
  • Aug 11, 2022 7:36am Aug 11, 2022 7:36am
Quoting ScalaFX
Beautifull bulls trap im the making
Can be now!
People don't plan to lose. They lose because they don't plan.
  • #674,927
  • Aug 11, 2022 7:36am Aug 11, 2022 7:36am
according to the figures, the pair is supposed to go up?
  • #674,928
  • Aug 11, 2022 7:36am Aug 11, 2022 7:36am
...yeh soft numbers, even falling m/m in the headline #. Will add to the 'topping out' narrative and could well affect next fed move re extent of how aggressive it is.

Good week for Biden, inflation and Trump on the run now!
----------------------------------------
Supply kicks in on test of the prev 1hr sw hi zone up to current dly hi in immediate post-data react after an intial small spike up?

1hr below
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Trader with an Edge.
  • #674,929
  • Aug 11, 2022 7:36am Aug 11, 2022 7:36am
Quoting OnlineAddict
I have this weird feeling that today's PPI will be big...and dollar will gain some...so I wouldn't buy GU right now...need to see some lower levels first.
So I was wrong...the number was bad...but it didn't have any effect, anyway...bulls seemed tired and now even more. Still wouldn't buy this at these levels...it might easily go from 2250+ below 2000 again.
Everyone can see the chart, but only a few can actually read it.
  • #674,930
  • Aug 11, 2022 7:37am Aug 11, 2022 7:37am
Quoting Reverso
News seems like nothing burger, spiked near to my tp then now retraced, not sure if direction is going to be down now. But the trade will ride it to tp or sl regardless.
a true trader mindset. on to the next if the current one dont play out
be a thinker before being a reacter
  • #674,931
  • Aug 11, 2022 7:37am Aug 11, 2022 7:37am
Quoting ScalaFX
Bad data 2270 SL for all positions
bad news is a good news
  • #674,932
  • Aug 11, 2022 7:37am Aug 11, 2022 7:37am
Quoting JereMi256
Short @1.2212 SL 1.2289
Bad data
TP 1.2171 for all
Face 'ur fears & tame 'ur greed
  • #674,933
  • Aug 11, 2022 7:38am Aug 11, 2022 7:38am
Quoting OnlineAddict
{quote} So I was wrong...the number was bad...but it didn't have any effect, anyway...bulls seemed tired and now even more. Still wouldn't buy this at these levels...it might easily go from 2250+ below 2000 again.
Lets wait some time but this is probably main scenario
People don't plan to lose. They lose because they don't plan.
  • #674,934
  • Aug 11, 2022 7:38am Aug 11, 2022 7:38am
Quoting PatienceFx
{quote} US news , i am betting on usd
as expected, strong usd
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  • #674,935
  • Aug 11, 2022 7:38am Aug 11, 2022 7:38am
...strange initial reaction,? that data should be bad for the $?
Trader with an Edge.
  • #674,936
  • Aug 11, 2022 7:40am Aug 11, 2022 7:40am
I think the traps are being set. I am waiting. No entry for now.
  • #674,937
  • Aug 11, 2022 7:41am Aug 11, 2022 7:41am
Quoting Reverso
{quote} Be careful mentioning Bogdanoff now, some forum members cannot take jokes and will put you on ignore, so far 1 person already did that to me, sad. =(
It is what it is! If I get on the ignore list then so be it. The internet with its filtering system is very dangerous place! It creates extreme views, by filtering out your view is the only view, and if it does not line up then it's wrong (stick them on the ignore list). You only speak to people with your view, which then creates extremism.

I see people taking on a persona of being a BULL or a BEAR (they get quite aggressive sometimes).. The real is it is a line going up and down there are no bulls or bears. There is no right way!! The nature of the game is you will lose. You have to accept! The idea is to win BIG, lose as little as possible.

The ignore list people wont last long in this game!!!

There is no wrong or right, good or evil, black or white, Bull or Bear just lose or win overall.

So Bogdanoff!!!!!!
Don't trade what you think. Just what you see!!!
  • #674,938
  • Aug 11, 2022 7:41am Aug 11, 2022 7:41am
Going long, sl 30 pips, already SL ed 10 pips from buying at top before. If this goes down i'll tske 40 pips loss
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  • #674,939
  • Aug 11, 2022 7:42am Aug 11, 2022 7:42am
Quoting Mitiblotch
I think the traps are being set. I am waiting. No entry for now.
Me too… looking to take a short maybe from 12240-50 if it goes there

edit took short at 12235 open tp SL will be open but will look at 12280 if it goes tits up
Insane in the Brain..
  • #674,940
  • Aug 11, 2022 7:43am Aug 11, 2022 7:43am
tomorrow on the pound there will be data on GDP that can collapse it very much, and it will collapse or only roll back, it will be seen in other pairs, like the euro, if the euro holds, then the pound will be bought back, if the euro continues to crumble, then the pound will finally fly away there capitally. Another incomprehensible question is that the monthly candle, and certainly the quarterly one, will be white or green, and then it will have to be bought back again, although there is still plenty of time until the end of the month, and even more so the quarter
IgorFX
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