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Cable Update (GBPUSD)

  • #700,841
  • Oct 26, 2022 4:35am Oct 26, 2022 4:35am
Quoting PASupreme
What weak housing data are you referring to if you don't mind me asking? {quote}
" The £ surges the $ this afternoon following the sharpest slowdown in US house price growth on record.
Sterling surged 1.86pc higher to $1.161 after data revealed America's housing market has begun to slump under the weight of steep borrowing costs." (high interest rates start to bite)
Attached Image (click to enlarge)
Click to Enlarge Name: econ calender.png Size: 35 KB

This is not in BBC, as they tried to potrayed that UK Econs are doing well after new PM.



New data out today from the US
The housing market downturn with prices down -3.3 Index Point in August and more to come.
Here’s why a slowdown in the US housing market won’t be a crisis like the subprime mortgage meltdown of 2009.
(US Govet trying to avoid similar melt down)
Attached Image (click to enlarge)
Click to Enlarge Name: US housing data.png Size: 8 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,842
  • Oct 26, 2022 4:35am Oct 26, 2022 4:35am
Quoting Fardeen1209
{quote} {quote} He didnt mention your name tho! Then why you think Rob pointing at you?
Good question ...yes why
  • #700,843
  • Oct 26, 2022 4:36am Oct 26, 2022 4:36am
What's interesting about this pair is that the volume indicator on the daily shows an overreach (negative divergence), however the weekly data say it still has some force to push to higher high...
"No trade is still a trade." - Peter Borish
  • #700,844
  • Oct 26, 2022 4:39am Oct 26, 2022 4:39am
Quoting Pat Chiko
{quote} " The £ surges the $ this afternoon following the sharpest slowdown in US house price growth on record. Sterling surged 1.86pc higher to $1.161 after data revealed America's housing market has begun to slump under the weight of steep borrowing costs." (high interest rates start to bite){image} This is not in BBC, as they tried to potrayed that UK Econs are doing well after new PM. New data out today from the US The housing market downturn with prices down -3.3 Index Point in August and more to come. Here’s why a slowdown in the US housing...
When the economy slows down and layoffs ramp up, I expect massive more forclosures especially in (but not limited to) CA, NY, FL, AZ, and TX.
Lost....
  • #700,845
  • Oct 26, 2022 4:43am Oct 26, 2022 4:43am
Quoting Georginson
{quote} You are mostly right Pat. I see this USD weakness has temporary to correct oversold conditions of instruments against it. Now dollar index will find support any moment from now and USD will get aggressive again. As for Gu, it has done 330 pips this week so far, most it does in recent weeks is 430 pips, I expect some 130 to 400 pips correction within this week and Tuesday next week. I may be wrong hence no obligation to follow.
I don't know if this thing is ready to correct that much this week based on the weekly and daily charts. The USDX just broke a solid support at 109.88 which signal a move to 108.00.
Probably a slight correction down to 1.15 - 1.1450 and up by Friday IMO. We'll see.
Lost....
  • #700,846
  • Oct 26, 2022 4:44am Oct 26, 2022 4:44am
Quoting DrDave
{quote} Lets hope i got it right. Uh-oh! Gone into Hope&Pray mode!
Well, I don't want to seem vain, although I am a bit.
POSTMASTER
  • #700,847
  • Oct 26, 2022 4:45am Oct 26, 2022 4:45am
Quoting Waveskierrob
Looks like one of the "Karen's has unclicked the thumbs down on my thread, wonder why ....
Was it that guy who posted to me?

Weird thing is, i said my Cable bias is long but i went short, that is trading... follow the market movers. yaaaaaaaaaaaaaaaaaaaaay.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,848
  • Oct 26, 2022 4:47am Oct 26, 2022 4:47am
What's interesting about this pair is that the volume indicator on the daily shows an overreach (negative divergence), however the weekly data say it still has some force to push to higher high...
"No trade is still a trade." - Peter Borish
  • #700,849
  • Oct 26, 2022 4:49am Oct 26, 2022 4:49am
Dollar Index 110.085
  • #700,850
  • Oct 26, 2022 4:49am Oct 26, 2022 4:49am
Extreme high for AU is around 0.7700 while extreme low for GU is around 1.0850 according to the law of vibration and they normally correlate
POSTMASTER
  • #700,851
  • Oct 26, 2022 4:51am Oct 26, 2022 4:51am
Quoting billytt
{quote} Was it that guy who posted to me? Weird thing is, i said my Cable bias is long but i went short, that is trading... follow the market movers. yaaaaaaaaaaaaaaaaaaaaay.
No it wasn't, I haven't accused anyone personally....
  • #700,852
  • Oct 26, 2022 4:53am Oct 26, 2022 4:53am
Quoting gespiri
{quote} When the economy slows down and layoffs ramp up, I expect massive more forclosures especially in (but not limited to) CA, NY, FL, AZ, and TX.

DXY

If the 110 level breaks, then I will be short USD some more, before the FOMC.
Facts change, I change too.
Attached Image (click to enlarge)
Click to Enlarge Name: dxy 002.jpg Size: 126 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,853
  • Oct 26, 2022 4:54am Oct 26, 2022 4:54am
Quoting Pat Chiko
{quote} " The £ surges the $ this afternoon following the sharpest slowdown in US house price growth on record. Sterling surged 1.86pc higher to $1.161 after data revealed America's housing market has begun to slump under the weight of steep borrowing costs." (high interest rates start to bite){image} This is not in BBC, as they tried to potrayed that UK Econs are doing well after new PM. New data out today from the US The housing market downturn with prices down -3.3 Index Point in August and more to come. Here’s why a slowdown in the US housing...
With the Housing market plummeting, Bro,
The probability we will see a weak US GDP figure increase?
More time in the market, does not mean you trade better!
  • #700,854
  • Oct 26, 2022 4:56am Oct 26, 2022 4:56am
Attached Image (click to enlarge)
Click to Enlarge Name: UK fiscal plan pp.png Size: 5 KB
UK FIscal plan delayed till NOV 17, no more UP for today.
Will experienced a shift in market structure. (IMO)
More time in the market, does not mean you trade better!
  • #700,855
  • Oct 26, 2022 5:00am Oct 26, 2022 5:00am
#GBPUSD / H4
Attached Image (click to enlarge)
Click to Enlarge Name: bQjX7Df.png Size: 28 KB
  • #700,856
  • Oct 26, 2022 5:01am Oct 26, 2022 5:01am
Quoting Waveskierrob
{quote} No it wasn't, I haven't accused anyone personally....

I apologise to the other guy then.
i dont like being told or inferred to that i cannot trade.
Actually i cannot trade, i go off triggers, lines in the sand. yaaaaaaaaaaaaaaaaaaaaay.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #700,857
  • Oct 26, 2022 5:02am Oct 26, 2022 5:02am
Quoting Fardeen1209
{image}UK FIscal plan delayed till NOV 17, no more UP for today. Will experienced a shift in market structure. (IMO)


Few things in market may look simple.
what are you hiding? Why delay.....

But he had a call with Joe yesterday.
Wonder if Joe , ask him to hold the numbers until his Mid Term....

Need to ask Goldman Sach for more info.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #700,858
  • Oct 26, 2022 5:06am Oct 26, 2022 5:06am
Quoting BigNumbers
Missed the Gold move.. Now I am waiting for a pullback to 1666.86 to go LONG.. Already set a buy limit but my eyes are on the pair.. Some broker can misinterpret candle stick which can also impair your Trading system.. Make sure you see to all of this.. {image}

GOLD LONG 12 PIPS SL

Final Target 1697.95

Good Luck
My telegram: https://t.me/avidforex
  • #700,859
  • Oct 26, 2022 5:07am Oct 26, 2022 5:07am
Quoting Pat Chiko
{quote} Few things in market may look simple. what are you hiding? Why delay..... But he had a call with Joe yesterday. Wonder if Joe , ask him to hold the numbers until his Mid Term.... Need to ask Goldman Sach for more info.
No news is good news, but only for the time being ....
  • #700,860
  • Oct 26, 2022 5:11am Oct 26, 2022 5:11am
Quoting BigNumbers
{quote} GOLD LONG 12 PIPS SL Final Target 1697.95 Good Luck

wrong timing... We enter again... I'll let let you know when
My telegram: https://t.me/avidforex
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