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Cable Update (GBPUSD)

  • #685,621
  • Sep 20, 2022 1:51am Sep 20, 2022 1:51am
Quoting Whale
{quote} its just an opinion. i cannot trade it ATM, not sure my retail eyes can see the intraday path @ this early part of the day. i do see engineer EQL @ 1.1407X im waiting. {image}
yes friend totally agree with you or all in here, PA on GU is hard atm, I failed several times to get my target, after this storm will usually be followed by a huge trend
https://breakpullback.com
  • #685,622
  • Sep 20, 2022 1:51am Sep 20, 2022 1:51am
Quoting Fardeen1209
{quote} This means FEd Hike by 1% Well, even tho the swap market already priced in a % of it, but CPI was down from 9.1% July to 8.5% Aug and 8.3%Sept.WHile Core rose in Sept. Even PCE was trending down. So for me, 1% hike not seems to be happening. Just try to match Technical with fundamental
100bps rate hike from Fed is likely not happening yeah. This is why it's hard forecasting anything. If they break the range with the move up it usually means price will fall hard. For that to happen Fed would have to raise by 1% as you said and they won't do that. This leaves couple of things if we are to see this scenario playing out. Powell being ultra hawkish or Bailey and BoE failing to convince the market and if they raise by only 50bps. We will definitely know more after Powell's speech. Then we could perhaps know where price could potentially go prior to the rate hike from BoE.
  • #685,623
  • Sep 20, 2022 1:52am Sep 20, 2022 1:52am
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yes yes yes
  • #685,624
  • Sep 20, 2022 1:53am Sep 20, 2022 1:53am
anyway, last chart

i'm watching the tasty level for long, if i won't get it, i will do my homework after the 4h bearish OB will crack
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  • #685,625
  • Sep 20, 2022 1:54am Sep 20, 2022 1:54am
Closed my longs for 18 pips, gotta work so i cannot monitor. Cya during NY session
Exhausted
  • #685,626
  • Sep 20, 2022 1:54am Sep 20, 2022 1:54am
Quoting TheWolf
{quote} Exactly. Who care's if it goes up, because the real trend is still down. We don't want to miss that big move down.
Here here....there are 2 people that get it!!!!!
  • #685,627
  • Sep 20, 2022 1:58am Sep 20, 2022 1:58am
example using a 5 and 20 ema cross you are still bearish on the 4 hour and still in a nice profit. Can you handle this pb?????? CAN YOU???????
  • #685,628
  • Sep 20, 2022 2:02am Sep 20, 2022 2:02am
Quoting TheWolf
{quote} 100bps rate hike from Fed is likely not happening yeah. This is why it's hard forecasting anything. If they break the range with the move up it usually means price will fall hard. For that to happen Fed would have to raise by 1% as you said and they won't do that. This leaves couple of things if we are to see this scenario playing out. Powell being ultra hawkish or Bailey and BoE failing to convince the market and if they raise by only 50bps. We will definitely know more after Powell's speech. Then we could perhaps know where price could...
You do have a very good point.
But if GU were to fall, it would make sure to trap buyers.
Either way for me Intraday trader i really dont care who is what or what is who.
Cause today i'm bullish, tomorrow i'd bearish or least at new york session i'd start short her.
Today i just try to catch the retracement

All ik is that this bullish will not last, cause the trend is down. and even with BOE 75bps hike, the bull wont last long.
The trend is our friend.
More time in the market, does not mean you trade better!
  • #685,629
  • Sep 20, 2022 2:03am Sep 20, 2022 2:03am
Quoting Moty
{image}
tip:

the market does not remember what happened 2.5 years ago.
the press does.
  • #685,630
  • Sep 20, 2022 2:03am Sep 20, 2022 2:03am
CAN YOOOOOOOOOOU????????????
  • #685,631
  • Sep 20, 2022 2:09am Sep 20, 2022 2:09am
scalp
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  • #685,632
  • Sep 20, 2022 2:09am Sep 20, 2022 2:09am
Quoting Fardeen1209
{quote} This means FEd Hike by 1% Well, even tho the swap market already priced in a % of it, but CPI was down from 9.1% July to 8.5% Aug and 8.3%Sept.WHile Core rose in Sept. Even PCE was trending down. So for me, 1% hike not seems to be happening. Just try to match Technical with fundamental
The FED is talking about either a 50 or a 75 basis pt rate hike, not 1% or 100 basis pts with 80% of industry leaders indicating that they believe the fed will put in a 75 basis pt increase instead of a 100 basis pt increase. The 100 basis pt increase has never been presented by the FED it is simply speculation.
All of the inflation stats you are pointing to don't get the overall rate back to 2% which is the FED's stated goal.
I believe that the FED is nuts because this inflation was caused by the FED increasing the money supply to fight Covid19 and trying to fix the problem without removing that liquidity is simply using the wrong tools to try to fix the problem but this is the scenario that we find ourselves in.
  • #685,633
  • Sep 20, 2022 2:15am Sep 20, 2022 2:15am
I hate the changes they did to the market tab especially. WHY COMPLICATE THINGS FOR GOD'S SAKE??..
Whichever changes came after 2000, they all sucked.
  • #685,634
  • Sep 20, 2022 2:15am Sep 20, 2022 2:15am
Quoting TheWolf
{quote} 100bps rate hike from Fed is likely not happening yeah. This is why it's hard forecasting anything. If they break the range with the move up it usually means price will fall hard. For that to happen Fed would have to raise by 1% as you said and they won't do that. This leaves couple of things if we are to see this scenario playing out. Powell being ultra hawkish or Bailey and BoE failing to convince the market and if they raise by only 50bps. We will definitely know more after Powell's speech. Then we could perhaps know where price could...
The truth is this week we have two important data which deviates to each other.
Untill one is not yet cover, where it will heading, ik it is really really hard to say.
As i mentioned in my previous post;
Quoting Fardeen1209
{quote} Today i just try to catch the retracement All ik is that this bullish will not last, cause the trend is down. and even with BOE 75bps hike, the bull wont last long. The trend is our friend.
Well the retracement might never come, it can go sideways(which makes more sense) if we look at the confused atmosphere prevailing rn.
More time in the market, does not mean you trade better!
  • #685,635
  • Sep 20, 2022 2:17am Sep 20, 2022 2:17am
Quoting Whale
{quote} tip: the market does not remember what happened 2.5 years ago. the press does.
but 5 years it does?
the market always remember
why do you think every time they say " look left "
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yes yes yes
  • #685,636
  • Sep 20, 2022 2:18am Sep 20, 2022 2:18am
Quoting Moty
{quote} but 5 years it does? the market always remember why do you think every time they say " look left " {image}
The Market remembers 75 years in the past baby!!!
  • #685,637
  • Sep 20, 2022 2:23am Sep 20, 2022 2:23am
Quoting Moty
{quote} but 5 years it does? the market always remember why do you think every time they say " look left " {image}
it's a tip, you can take it or leave it.

my eyes see that the low broken every time.. this is not a support.
liquidity? maybe.
  • #685,638
  • Sep 20, 2022 2:24am Sep 20, 2022 2:24am
Quoting TheWolf
I hate the changes they did to the market tab especially. WHY COMPLICATE THINGS FOR GOD'S SAKE??.. Whichever changes came after 2000, they all sucked.
I would really like to get the forex instruments tab to the top of the market tab. It is the most useful piece of information. Any idea on how to do this?
  • #685,639
  • Sep 20, 2022 2:24am Sep 20, 2022 2:24am
I believe price will break the above top line, come back to the bottom line which will have turned up and will continue breaking line above for the next weeks although the main trend is down for the next months, years. I may be wrong.

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POSTMASTER
  • #685,640
  • Sep 20, 2022 2:25am Sep 20, 2022 2:25am
Quoting Mitiblotch
I bought 1411 over night and banked. I wonder if I should have left it. However, I won't chase price. I have a pending long order at 1394 and will keep it so. If London takes flight without picking the order fine. However, I want my order picked.
I feel stupid closing my long early. I have missed the train so now I will remove my pending long order. Even if price comes down I won't buy anymore as the high of the day is about tonget taken out by London.

Annoying pair.
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