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Cable Update (GBPUSD)

  • #675,141
  • Aug 12, 2022 12:14am Aug 12, 2022 12:14am
Quoting EvilEye
Hmm red news coming up. In theory the buy trade is still valid, but red news tends to make a mockery of valid trades...so...
yes, it does.
Intraday only.
  • #675,142
  • Aug 12, 2022 12:19am Aug 12, 2022 12:19am
Quoting PatienceFx
{quote} who started it
I stopped it.

Useless.
Intraday only.
  • #675,143
  • Aug 12, 2022 12:31am Aug 12, 2022 12:31am
whatever and whoever..one must learn to be humble.

This is nothing related to trading but as a human being.
Intraday only.
  • #675,144
  • Aug 12, 2022 12:35am Aug 12, 2022 12:35am
Quoting navk
whatever and whoever..one must learn to be humble. This is nothing related to trading but as a human being.
Nav, will you go flat before red news or keep trades on?
  • #675,145
  • Aug 12, 2022 12:35am Aug 12, 2022 12:35am
B4 News event, I booked my profits from long trades.

From both accounts.

Later, I will see.
Attached Image(s) (click to enlarge)
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Intraday only.
  • #675,146
  • Aug 12, 2022 12:39am Aug 12, 2022 12:39am
Quoting PiploEscobar
{quote} Nav, will you go flat before red news or keep trades on?
I am off b4 news event.

All profits booked.
Intraday only.
  • #675,147
  • Aug 12, 2022 12:42am Aug 12, 2022 12:42am
Quoting PatienceFx
{quote} who started it

u guys having some debate without an audience
MY OPINION NOT FINANCIAL ADVISE
  • #675,148
  • Aug 12, 2022 12:48am Aug 12, 2022 12:48am
G/M, a sub 30day adr dly candle y/day-bearish (less than 1/3rd of the previous day's pip range.) Asian session just ending - small range - down then up. Early London forex kicking in, data due.

1hr below
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Trader with an Edge.
  • #675,149
  • Aug 12, 2022 12:51am Aug 12, 2022 12:51am
Expecting Pound to drop hard against JPY. Currently Euro and Pound are THE weakest currencies among the 8 majors. Even Downtrend started to form on GBP/JPY on my Daily chart. Let's see if big red Weekly candle will form on GBP/JPY as was predicted.

If news are good, then perhaps downtrend on GBP/USD is indeed over soon.
They predict CPI Y/Y to be at 9.9% on Wednesday next week.
  • #675,150
  • Aug 12, 2022 12:51am Aug 12, 2022 12:51am
EURUSD doesn't agree with GBPUSD again today. Means I will stay put for this news. EU is up while GU is down and remember that Fridays are usually one-way traffic. UK gdp in a moment. It may surprise to the upside. Who knows?
  • #675,151
  • Aug 12, 2022 12:56am Aug 12, 2022 12:56am
Quoting JereMi256
{quote} Today has been so boring generally. It will most likely range till tomorrow UK news.
The drop is much clear now, i expect some spikes up though, so no trades...
Face 'ur fears & tame 'ur greed
  • #675,152
  • Aug 12, 2022 1:00am Aug 12, 2022 1:00am
bought exactly 1 min ago news ...trading the spike
Blank and Empty
  • #675,153
  • Aug 12, 2022 1:02am Aug 12, 2022 1:02am
Out till clearer direction, news s green but a little bit off
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #675,154
  • Aug 12, 2022 1:03am Aug 12, 2022 1:03am
...bad but not as bad as forecasts!
Trader with an Edge.
  • #675,155
  • Aug 12, 2022 1:03am Aug 12, 2022 1:03am
It is negative though, should be bad.
Well, London will create a carnage nonetheless.
  • #675,156
  • Aug 12, 2022 1:03am Aug 12, 2022 1:03am
yes...its on sell..closed the buy and bagged profits
Blank and Empty
  • #675,157
  • Aug 12, 2022 1:05am Aug 12, 2022 1:05am
Quoting Headland
...bad but not as bad as forecasts!
Yep, so should this be viewed as good?

But sentiments surrounding Europe is pretty negative at the moment, so it could still come off as bad news.

Some indecision at the moment, but I think Cable might test 1.21 today.
  • #675,158
  • Aug 12, 2022 1:07am Aug 12, 2022 1:07am
...mixed / somewhat muted reaction so far

1hr below
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Trader with an Edge.
  • #675,159
  • Aug 12, 2022 1:08am Aug 12, 2022 1:08am
Data is good much better than expected.. 12130 not happening
Insane in the Brain..
  • #675,160
  • Aug 12, 2022 1:08am Aug 12, 2022 1:08am
My take on Gbpusd trend currently is downwards
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