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Cable Update (GBPUSD)

  • #675,621
  • Aug 15, 2022 6:26am Aug 15, 2022 6:26am
yawn , it was a nice nap
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do not follow me 99.9999999% of times, rest you can lol
  • #675,622
  • Aug 15, 2022 6:29am Aug 15, 2022 6:29am
Quoting PatienceFx
yawn , it was a nice nap {image}
lets cook some more pips, that trailing sl will take care of it
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do not follow me 99.9999999% of times, rest you can lol
  • #675,623
  • Aug 15, 2022 6:31am Aug 15, 2022 6:31am
booked
do not follow me 99.9999999% of times, rest you can lol
  • #675,624
  • Aug 15, 2022 6:39am Aug 15, 2022 6:39am
Quoting maxi444
{quote} gu tries higher see h4
It will take a good dump. NY sold it for good measure on Friday and they haven't banked their profits. They should sell again today.
  • #675,625
  • Aug 15, 2022 6:42am Aug 15, 2022 6:42am
Quoting Mnsgroup
{quote} updated : some cut loss, and some profit. struggling to fit the plan. {image}
updated : try to short again.
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  • #675,626
  • Edited 8:13am Aug 15, 2022 6:45am | Edited 8:13am
It's going to go double digit this year for sure.
I can only say this takes real rate differential further into the red with the UK likely to run hotter than the US going forward short term.
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Government debt is not a limiting factor to how high interest rates can go. See this post by Chris from a few years ago explaining why high interest will not affect % to GDP by much.
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The post above is still relevant today, the figures could be slightly off but not the interest as a per cent of GDP!
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Uk is similar situ below, I expect all rates to continue higher even in a downturn because inflation must persist with such negative real rates.
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I'm feeling confident, that governments won't need to worry about higher rates... but super leveraged markets will.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #675,627
  • Aug 15, 2022 6:59am Aug 15, 2022 6:59am
Gold long 1775
  • #675,628
  • Aug 15, 2022 7:02am Aug 15, 2022 7:02am
4H short signal..... Strength is according
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  • #675,629
  • Aug 15, 2022 7:22am Aug 15, 2022 7:22am
it looks very weak under 1.215
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #675,630
  • Aug 15, 2022 7:24am Aug 15, 2022 7:24am
waiting for the news for confirmation to sell dollor
Blank and Empty
  • #675,631
  • Aug 15, 2022 7:25am Aug 15, 2022 7:25am
Quoting buffedmage
waiting for the news for confirmation to sell dollor
Is there any data today?
Insane in the Brain..
  • #675,632
  • Aug 15, 2022 7:28am Aug 15, 2022 7:28am
Quoting BeeTogether
{quote} Is there any data today?
not a big one ....a medium volatile one....
Blank and Empty
  • #675,633
  • Aug 15, 2022 7:33am Aug 15, 2022 7:33am
poor us report, let s see...
  • #675,634
  • Aug 15, 2022 7:34am Aug 15, 2022 7:34am
One sell has activated at 1.21100 SL 25 pips with TP at 1.20300
With courage, patience, and discipline, success is a matter of time.
  • #675,635
  • Aug 15, 2022 7:35am Aug 15, 2022 7:35am
Quoting Reverso
{quote} Scenario 1 materialized, entered Short a moment ago. Entry 1.20819, SL 1.21120, TP 1.20366. {image}
Woops, SL hit.

Plan still be the same, go short if closed below lower key level / bounced off upper key level / bounced off daily pivot, go Long if closed above Daily pivot.

Sometimes if 1st trade hit SL, if the direction initially predicted was correct, the 2nd trade will TP back, ending the day with net positive.
I personally limit myself to 2 attempts per day if 1st one hit SL, hopefully later will have another valid entry and win it back, otherwise call it a day and try again tomorrow, there's always a new day!
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  • #675,636
  • Aug 15, 2022 7:40am Aug 15, 2022 7:40am
If you are selling price can roam to 2130. Tempted to buy? Don't!
  • #675,637
  • Aug 15, 2022 7:42am Aug 15, 2022 7:42am
Quoting BeeTogether
{quote} Is there any data today?
NAHB Housing Market Index
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #675,638
  • Aug 15, 2022 7:42am Aug 15, 2022 7:42am
Quoting Reverso
{quote} Woops, SL hit. Plan still be the same, go short if closed below lower key level / bounced off upper key level / bounced off daily pivot, go Long if closed above Daily pivot. Sometimes if 1st trade hit SL, if the direction initially predicted was correct, the 2nd trade will TP back, ending the day with net positive. I personally limit myself to 2 attempts per day if 1st one hit SL, hopefully later will have another valid entry and win it back, otherwise call it a day and try again tomorrow, there's always a new day! {image}
h4 likes higher ?
  • #675,639
  • Aug 15, 2022 7:43am Aug 15, 2022 7:43am
Trying a long for 10 pips lets see
Extreme gut feeling trader
  • #675,640
  • Aug 15, 2022 7:46am Aug 15, 2022 7:46am
Quoting Mitiblotch
If you are selling price can roam to 2130. Tempted to buy? Don't!
maybe later?
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