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Cable Update (GBPUSD)

  • #676,101
  • Aug 17, 2022 1:08am Aug 17, 2022 1:08am
Quoting Reverso
{quote} Yup, all green data for the news, initial pump after the news was great, pumped it to near my TP, then suddenly the momentum of the candle fizzled out, leaving a long up wick. Maybe the green candles will follow suit after giving it some time? Anyway, PUMP IT.
Only thing I could see is the potential recession conversation that would bring this down.
Insane in the Brain..
  • #676,102
  • Aug 17, 2022 1:10am Aug 17, 2022 1:10am
waiting for a decent signal to do anything
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  • #676,103
  • Aug 17, 2022 1:11am Aug 17, 2022 1:11am
Quoting BeeTogether
Massive green on the Uk data . This could go all the way to 122
I think it has already been traded. You are trading agent very smart people and computers. 2150 might be a top. I had a pending (a very small one) at 2130 and have closed now in profit at 2115. This might go on to sink and break 2080. The movers interprete data as they please. High inflation, bad for the economy. Sink. Today NZD increased rates and price flew. US and UK increased rates and price dumped very hard. I hate fundamentals. I just stick to my beloved charts and session flows. It beats everything else.

Now waiting for "real" London open at 8.00am. Hopefully they send this spiralling into abyss and get people griding their teeth wondering what happened. Lol
  • #676,104
  • Aug 17, 2022 1:13am Aug 17, 2022 1:13am
Quoting BeeTogether
Massive green on the Uk data . This could go all the way to 122
I like to think that it was priced-in, those moves were so crazy for a quiet calender yesterday!

For now, all i want is a reasonable retracement to jump on someride.
Face 'ur fears & tame 'ur greed
  • #676,105
  • Aug 17, 2022 1:15am Aug 17, 2022 1:15am
Quoting BeeTogether
{quote} Only thing I could see is the potential recession conversation that would bring this down.
Today is wedsellday right?
People don't plan to lose. They lose because they don't plan.
  • #676,106
  • Aug 17, 2022 1:15am Aug 17, 2022 1:15am
Quoting Mitiblotch
{quote} I think it has already been traded. You are trading agent very smart people and computers. 2150 might be a top. I had a pending (a very small one) at 2130 and have closed now in profit at 2115. This might go on to sink and break 2080. The movers interprete data as they please. High inflation, bad for the economy. Sink. Today NZD increased rates and price flew. US and UK increased rates and price dumped very hard. I hate fundamentals. I just stick to my beloved charts and session flows. It beats everything else. Now waiting for "real" London...
I agree there, initially all conversions about rate rises were positive, now rate rises are leading us to a big recession as inflation is shooting through the roof. The Uk and USA have had decent rate rises over the last few months to encourage the market. When rates rises are too high and open the door to financial turmoil market reacts negatively
Insane in the Brain..
  • #676,107
  • Aug 17, 2022 1:16am Aug 17, 2022 1:16am
If this is going to drop,it should run the entire Euro session, and later there's US red news. If it's positive US data then there's a perfect excuse to drop further
  • #676,108
  • Aug 17, 2022 1:18am Aug 17, 2022 1:18am
Quoting EvilEye
Looks like they didn't get exactly what they were looking for out of the US session, so it's cracked another high. Let's hope the drop is a nice one.
must be puzzled as huge differences between bull bear targets next days/ weeks !! something going to happen , best hope or disaster !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #676,109
  • Aug 17, 2022 1:18am Aug 17, 2022 1:18am
Quoting Mitiblotch
{quote} I think it has already been traded. You are trading agent very smart people and computers. 2150 might be a top. I had a pending (a very small one) at 2130 and have closed now in profit at 2115. This might go on to sink and break 2080. The movers interprete data as they please. High inflation, bad for the economy. Sink. Today NZD increased rates and price flew. US and UK increased rates and price dumped very hard. I hate fundamentals. I just stick to my beloved charts and session flows. It beats everything else. Now waiting for "real" London...
I agree with my lord, good news doesn't always mean strong for that currency, vice versa, it's pointless trying to understand market reaction towards the news.
That's why I only do technical analysis, and I believe if the structure is set up for bullish bias, the news most likely will just give more fuel towards that bullish direction, I view news like a catalyst to move / speed things up to the predicted direction, the trend, structures, are made up by news, without news the market would be boring, lack of movements/momentum, sideways dead city.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 70.7%
  • #676,110
  • Aug 17, 2022 1:26am Aug 17, 2022 1:26am
Quoting JereMi256
I would love to see how 1.2130 reacts, sell limit placed @2128
Limits 1.2128 & 1.2140 active shorts

1.2150 missed!
Face 'ur fears & tame 'ur greed
  • #676,111
  • Aug 17, 2022 1:30am Aug 17, 2022 1:30am
risk on!
target 1.2050
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  • #676,112
  • Aug 17, 2022 1:33am Aug 17, 2022 1:33am
Quoting ScalaFX
{quote} Great view buddy! Im also will be watching PA at this lower levels, hope for 196x or under to set up some medium terms longs but we must be carefull, we are under weekly pivot so no longs for me till I see buy pressure, cheers! {image}
Update
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People don't plan to lose. They lose because they don't plan.
  • #676,113
  • Aug 17, 2022 1:34am Aug 17, 2022 1:34am
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  • #676,114
  • Aug 17, 2022 1:37am Aug 17, 2022 1:37am
Quoting ScalaFX
{quote} Update {image}
Where do you intend to TP?
  • #676,115
  • Aug 17, 2022 1:40am Aug 17, 2022 1:40am
Quoting ScalaFX
{quote} Update {image}
metatrader app or brokers app?
seems good
  • #676,116
  • Aug 17, 2022 1:41am Aug 17, 2022 1:41am
Target is 1.2260 and back to 1.2127 up to Friday, 250 pips weekly candle
  • #676,117
  • Aug 17, 2022 1:41am Aug 17, 2022 1:41am
Gbpcad short
  • #676,118
  • Aug 17, 2022 1:43am Aug 17, 2022 1:43am
Quoting Moty
break up my tp is 1.21477 {image}
the mf turned 5 pips before my tp
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yes yes yes
  • #676,119
  • Aug 17, 2022 1:47am Aug 17, 2022 1:47am
Quoting voeltoez
risk on! target 1.2050 {image}
You need to chargebuddy, LO is 12mins away!
It might turn KO on us
Face 'ur fears & tame 'ur greed
  • #676,120
  • Aug 17, 2022 1:50am Aug 17, 2022 1:50am
Quoting Mitiblotch
{quote} Where do you intend to TP?
1196x or less
People don't plan to lose. They lose because they don't plan.
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