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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

I dont trade GOLD but I used it as an indicator since major players are in these CFDs.
A better way to see the sentiment in the bigger picture.
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But what I see, is resistance has been respected many times, even tho 2 times BO occurred, many players placed their TP and sell orders at the same level.

The same can be said for US30-
Support becomes Resistance and ranging for the entire yesterday= market participants dont know where we are going (Another bearish sign)
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MM are accumulating rn, both in US30 and EU, we dont know where will they push for CPI, UP or down.
For me I think, it will be down.
But it is better to find a good setup in GU to trade the US CPI, is the best way not to lose $$$.
Not afraid to be wrong, ik what am goin to lose!
Short: GBPUSD 1.10890
Target: 1 hour after CPI Print
UK 10Y looks as worse as late Sep. I think as long as US core CPI and inflation rate are around forecast or higher, GU will be more bearish. I reckon then 1.076 and 1.056 may be next support. If 1.056 was broken in Oct or Nov, parity would be possible end of this year or early next year.
Quoting Takeprofits
Short: GBPUSD 1.10890 Target: 1 hour after CPI Print
thank you for the signal, stop placed @ BE
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Quoting Bryan5229
{quote} Few pips left to take-profit after many hours of ranging price. {image}
Price seem to have retraced back into the range, we will get clear direction today. If I see bear opportunities I'm going to take them.
Plan your trades and trade your plan.
Quoting WizardTrade
{quote} Neckline to be slaughtered shortly {image}
Neckline still intact. I am ready for its break
WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Quoting thevisitor
{quote} Sorry Wiz, don't get it....seeing no bf
I will show you once I am at my desk.
WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Quoting dantpm
Does anyone have an explanation for why the GU is up today? All the fundamentals that drove the price down are in place. The US$ is still on track for higher rates.The gilt note buy back could helping. suggesting higher rates but it doesn't help with underlying inflation which is hurting the economy.
Big players pumped it to Dump it hard under parity
WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Quoting thevisitor
{quote} Sorry Wiz, don't get it....seeing no bf
Hope it helps
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WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
My view Today:
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WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Train left? new opportunity coming at 1.103
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Toohok your indicators, useless!
Quoting WizardTrade
My view Today: {image}
Mind if i asked
Can you please explain the neckline setup?
Saw you used this everyday.
Not afraid to be wrong, ik what am goin to lose!
Quoting WizardTrade
My view Today: {image}
I think during frankfurt or LO open, she will go up for liquidity then down
Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
{quote} Mind if i asked Can you please explain the neckline setup? Saw you used this everyday.
Sure why not.

I always look for confluence first before jumping on to trendlines. I check the moving averages first 50 and 100 then I look for the moves market is making. In this scenario, the market was droping on H1 TF so I waited for it to make inverted head and shoulder pattern. The neckline is from shoulder to shoulder and both shoulder points are at key SR level. Now the neckline falls at the key SR level as well. I am awaiting the break at the moment. That's what is being done here:

Hope that helps
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WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Watching the 50 and 200 period ma's cross and the candles move lower in the 1 minute time frame on the USDX. This suggests in the short term we will see GU go higher. Fardeen1209, where do you see liquidity?
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Quoting WizardTrade
{quote} Sure why not. I always look for confluence first before jumping on to trendlines. I check the moving averages first 50 and 100 then I look for the moves market is making. In this scenario, the market was droping on H1 TF so I waited for it to make inverted head and shoulder pattern. The neckline is from shoulder to shoulder and both shoulder points are at key SR level. Now the neckline falls at the key SR level as well. I am awaiting the break at the moment. That's what is being done here: Hope that helps {image}
Thanks.
You explained it very well.
I will look forwards to apply this setup to my trading strategy cause i only used 2 setups support/resistance flip and Quasimodo. Now will need to start backtesing it, to know its characteristics.
Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
{quote} Thanks. You explained it very well. I will look forwards to apply this setup to my trading strategy cause i only used 2 setups support/resistance flip and Quasimodo. Now will need to start backtesing it, to know its characteristics.
This setup is a powerful one if used with confluence of the odds in favor
WARNING: This post warps space and time in its vicinity.
Challenge $100 to $12K - Starts 26 Sep All Time Return: -11.3%
Quoting dantpm
Watching the 50 and 200 period ma's cross and the candles move lower in the 1 minute time frame on the USDX. This suggests in the short term we will see GU go higher. Fardeen1209, where do you see liquidity?
Above this ranging zone to 1.116 (order block) or above for banks to set their sell order in this stop losses region for the current floating sell orders. Liquidity sweep
This happen on a daily basis, in all 3 currency pairs i watched and trade
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Not afraid to be wrong, ik what am goin to lose!
US Dollar Inflation is expected to be above 8,1%. They will release this data in a few hours, that's why markets are falling like crazy since yesterday. In the private finance and investing forum they already released the exact number 2 days ago, so no news here.
The Black Swan: The Impact of the Highly Improbable
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