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Cable Update (GBPUSD)

  • #685,761
  • Sep 20, 2022 6:48am Sep 20, 2022 6:48am
Quoting anthon25
gbp to the moooooon fed predicted not to hike 100 bps https://markets.businessinsider.com/...-powell-2022-9 in otherside boe will rise it https://www.bnnbloomberg.ca/bank-of-...ears-1.1820690 we always buy rumors
welcome to the club, felas...
I am completely a lazy Trader & Pennies Rebate Hunter
  • #685,762
  • Sep 20, 2022 6:49am Sep 20, 2022 6:49am
Quoting PatienceFx
{quote} nice indicator {image}
Dude I just realized your stochs is called NAKED DONKEY wtf
Exhausted
  • #685,763
  • Sep 20, 2022 6:51am Sep 20, 2022 6:51am
...1hr double top holds after a 1st test of it at the prev 1hr x 2/minor 4hr sw hi zone = prev res = pot res. Scalpy/rangy day so far but good re supp/res & lower t/f div plays.

1hr below
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Trader with an Edge.
  • #685,764
  • Sep 20, 2022 6:54am Sep 20, 2022 6:54am
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yes yes yes
  • #685,765
  • Sep 20, 2022 6:54am Sep 20, 2022 6:54am
Here are the divergences from USDX!
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  • #685,766
  • Sep 20, 2022 6:59am Sep 20, 2022 6:59am
killer
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MY OPINION NOT FINANCIAL ADVISE
  • #685,767
  • Sep 20, 2022 6:59am Sep 20, 2022 6:59am
Quoting Elysion
Strong rejection from 1.146. New low today?
Maybe. After all the dollar is soooo amazing that no one can get enough of it.
  • #685,768
  • Sep 20, 2022 7:07am Sep 20, 2022 7:07am
...unlikely (but not impossible) that the fed will go for more than +0.75%. Unlikely too that the Boe will either, although on this occasion it is more likely the Boe will surprise than the fed, with an over +0.5% rise. but this is still the lower probability. As always, anything can happen but these are probably the most likely outcomes of these two scheduled event risks, coming up this week.
Trader with an Edge.
  • #685,769
  • Sep 20, 2022 7:09am Sep 20, 2022 7:09am
Anyone has some target areas? Since there isn't an actual strong support here to hold GU. Im targetting yesterday low
Exhausted
  • #685,770
  • Sep 20, 2022 7:11am Sep 20, 2022 7:11am
Quoting Headland
...unlikely (but not impossible) that the fed will go for more than +0.75%. Unlikely too that the Boe will either, although on this occasion it is more likely the Boe will surprise than the fed, with an over +0.5% rise. but this is still the lower probability. As always, anything can happen but these are probably the most likely outcomes of these two scheduled event risks, coming up this week.
correct fed will go slow with rate hikes to avoid shocks to the economy

higher rate = higher cost of borrowing for business = higher cost of end products = higher inflation
  • #685,771
  • Sep 20, 2022 7:12am Sep 20, 2022 7:12am
Quoting Elysion
Anyone has some target areas? Since there isn't an actual strong support here to hold GU. Im targetting yesterday low
if cad inflation high then cad strong usd weak
  • #685,772
  • Sep 20, 2022 7:14am Sep 20, 2022 7:14am
Quoting Elysion
Anyone has some target areas? Since there isn't an actual strong support here to hold GU. Im targetting yesterday low
No targets till FOMC. It is scalpers market
Read the chart... Fundies are catalyst...
  • #685,773
  • Sep 20, 2022 7:14am Sep 20, 2022 7:14am
Quoting PatienceFx
{quote} correct fed will go slow with rate hikes to avoid shocks to the economy higher rate = higher cost of borrowing for business = higher cost of end products = higher inflation
That's one way of looking at it yeh, it's a fine balance between taking too much demand out of the economy (which is what rate hikes are intended to do,) thereby creating an imbalance of supply over demand which will lead to lower prices, and the scenario you describe. It's a hard act to get right, ie the 'soft landing' as it is called stateside.
Trader with an Edge.
  • #685,774
  • Sep 20, 2022 7:15am Sep 20, 2022 7:15am
Once the BRICS+ nations finalize their agreements on trade, including commodities, all the other nations will realize that they no longer need the dollar. When that happens the US government will have a $30+ trillion debt that they won't be able to repay. They won't be able to refinance that debt because as demand for dollars dries up, so will demand for US bonds.

The dollar collapses.
  • #685,775
  • Sep 20, 2022 7:15am Sep 20, 2022 7:15am
Quoting PatienceFx
{quote} if cad inflation high then cad strong usd weak
so i am lowering the lot size, taking the trade and targeting Thursday high
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  • #685,776
  • Sep 20, 2022 7:17am Sep 20, 2022 7:17am
Quoting satheesh
{quote} No targets till FOMC. It is scalpers market
Seems like it, I guess I'll close at 1.14
Exhausted
  • #685,777
  • Sep 20, 2022 7:17am Sep 20, 2022 7:17am
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yes yes yes
  • #685,778
  • Sep 20, 2022 7:17am Sep 20, 2022 7:17am
Nothing was closed Below the level. I am considering those lows as liquidity. Will buy below the lows if the PA allows me
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Read the chart... Fundies are catalyst...
  • #685,779
  • Sep 20, 2022 7:18am Sep 20, 2022 7:18am
Quoting Elysion
Anyone has some target areas? Since there isn't an actual strong support here to hold GU. Im targetting yesterday low
The dark blue area since it became a fractal swing lo on the 1hr t/f has held price twice now...if that isn't a strong area I don't know what is... this said, this current 1hr range (today's current hi - current lo) has to break sometime, upside or downside, and the more times a zone is hit the theoretically weaker it becomes as supply or demand is eaten up as orders are filled.

1hr below
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Trader with an Edge.
  • #685,780
  • Sep 20, 2022 7:20am Sep 20, 2022 7:20am
Just had a thought...The GBP hasn't been this low since the year Phillips released the Compact Disc
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