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Cable Update (GBPUSD)

  • #685,321
  • Sep 19, 2022 4:12am Sep 19, 2022 4:12am
Maybe just AI and the big boys will respect the queen today and push guru up....just a bit 1533
average dude treading water
  • #685,322
  • Sep 19, 2022 4:13am Sep 19, 2022 4:13am
Goldman Sachs FED rate forecast
Attached Image (click to enlarge)
Click to Enlarge Name: GSachs FED rate forecast.png Size: 11 KB
More time in the market, does not mean you trade better!
  • #685,323
  • Sep 19, 2022 4:14am Sep 19, 2022 4:14am
Quoting MrFanciful
I just don't get. It seems to me that with the dollar just continuing to rise and most other things (not just other fiat currencies) falling; that the world thinks that the dollar is the most undervalued asset in the world and the place the people they want to entrust their money to is Jerome Powell and Janet Yellen. {image}
Sorry but there is no such thing as over/undervalued just a word's made up to try and direct you, not fact just my opinion
  • #685,324
  • Sep 19, 2022 4:17am Sep 19, 2022 4:17am
Quoting Fardeen1209
Goldman Sachs FED rate forecast {image}
but why was goldman sacked ?
  • #685,325
  • Sep 19, 2022 4:18am Sep 19, 2022 4:18am
Quoting Fardeen1209
Goldman Sachs FED rate forecast {image}
So Fed most likely will raise to 3.25% this week. That means they have 2 more meetings left, two more hikes left for this year. This means that most likely interest rates for this year will be in a range from 4% - 4.25%.

So, who's the best fundamental analyst here??
Hahahah
Just jokin'!
  • #685,326
  • Sep 19, 2022 4:19am Sep 19, 2022 4:19am
I don't mean it in the technical perspective like an RSI or something.

I mean it in the "I think the dollar is worth more than it's currently priced" kind of way.
  • #685,327
  • Sep 19, 2022 4:20am Sep 19, 2022 4:20am
i hope we see 1.1100 on cable this week
  • #685,328
  • Sep 19, 2022 4:24am Sep 19, 2022 4:24am
Quoting PatienceFx
i hope we see 1.1100 on cable this week
The bottom of all bottoms.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 26 KB
  • #685,329
  • Sep 19, 2022 4:26am Sep 19, 2022 4:26am
this pair has killed many people who blindly trust indicators today
Attached Image (click to enlarge)
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  • #685,330
  • Sep 19, 2022 4:30am Sep 19, 2022 4:30am
Quoting PatienceFx
this pair has killed many people who blindly trust indicators today {image}
points to note

  1. US CPI
  2. UK RETAIL SALES

why IGNORE data like this

  • #685,331
  • Sep 19, 2022 4:37am Sep 19, 2022 4:37am
Quoting PatienceFx
this pair has killed many people who blindly trust indicators today {image}
But all my indicators shows short after the morning(asia) long.
Exhausted
  • #685,332
  • Sep 19, 2022 4:41am Sep 19, 2022 4:41am
Quoting PatienceFx
{quote} points to note US CPI UK RETAIL SALES why IGNORE data like this
Burden of proof is on the statement maker, so please explain why we should take notice, many thanks in advance
  • #685,333
  • Sep 19, 2022 4:48am Sep 19, 2022 4:48am
14 sma for trend
macd for momentum
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 11 KB
  • #685,334
  • Sep 19, 2022 4:52am Sep 19, 2022 4:52am
Bought at 1.1360, target 1.1400...

Second buy limit at 1.1330.
Data + Stat + Risk/Emotions Management
  • #685,335
  • Sep 19, 2022 4:57am Sep 19, 2022 4:57am
Quoting WizardTrade
Market is still showing signs of weakness. Shorting is viable at the moment but going long is risky. Let's see. Trade safe.
Always respect the charts no matter which news is lined up, it all boils down to your gut feeling
WARNING: This post warps space and time in its vicinity.
  • #685,336
  • Sep 19, 2022 4:58am Sep 19, 2022 4:58am
Quoting PatienceFx
i hope we see 1.1100 on cable this week
The pair will be sold to 1.12 area before fomc announcement, then retrace will happen after fomc on Wednesday... There is still space downward to complete the minimum expected September range which is 530 pips (1.1207) as far as price keeps trading below 1.1550).
Data + Stat + Risk/Emotions Management
  • #685,337
  • Sep 19, 2022 4:59am Sep 19, 2022 4:59am
Quoting Georginson
Bought at 1.1360, target 1.1400... Second buy limit at 1.1330.
Boss In
  • #685,338
  • Sep 19, 2022 5:01am Sep 19, 2022 5:01am
It isn't just this pair, its' the USD that is strong.
  • #685,339
  • Sep 19, 2022 5:01am Sep 19, 2022 5:01am
US stock market will come down today!
  • #685,340
  • Sep 19, 2022 5:01am Sep 19, 2022 5:01am
PERHAPS 80% of the traders being long has something to do with price going down....
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