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

Quoting Indiara
{quote} Absolutely....they will not give it up without a fight.
Two weeks ago Saudi Arabia just showed the west who really control OPEC, when they decide to cut oil production
Trade at good levels or no trade at all!
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again
maybe yes maybe not.

dont be sure even if we will get new low, liquidity is around here.. i can smell it
Insolvent
The only reason price is at this level is because BoE intervened. Real price is much lower..
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again


Failed retracement chart analysis on the 5min
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.png Size: 18 KB
If it was easy... Everyone would do it!
Quoting TheWolf
{quote} Hahahah.. well done, well done! I'm not sharing anything anymore, you people earned enough.. LoL But, seriously. I had nothing to do with it, it's what you came up with that gave you pips.
i know its pure rsi

i just plotted it on price chart and named the template
Indicators on my chart help me guess the trade they do not guarantee result
Gbpchf short at 1.14100
Client Sentiment.. 65% of the traders net long on GBP/USD.. I said when the number gets to 65% it's bye bye.. great opportunity for banks to wipe off buyers.. last week there were around 53% then 59% and now 65%..
A new H4 candle opens in 5 mins.. stay glue to your chart...
If it was easy... Everyone would do it!
Quoting TheWolf
The only reason price is at this level is because BoE intervened. Real price is much lower..
heck this h4 chart, how AC is converging
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 14 KB
Indicators on my chart help me guess the trade they do not guarantee result
1.1220 to go up maybe
naked trader ~ GBPUSD only!
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again
I think it retraced in 5min tf, volume of buyers not enough maybe? Or waiting for announcement later
1hr about to close as well. Back to free fall it is
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot.png Size: 6 KB
No pen no gen
Quoting BigNumbers
{quote} Retracement failed... Check the 5 mins.. Price going down again
it can still turn
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 11 KB
...Anyone holding a position (s) going into Boe/Mpc stuff ?

I think b is the most likely scenario, even d and/or e as well.

a. +0.75 and no signal of slowing down rate rises - potential £ strength?
b. +0.75% but Bank signals it's a 'one-off' and will return to more ' normal ' +0.5 or even more normal ++0.25% in future rises. Market reaction - ?
c. +0.5% - potentially market disappointed - £ weakness?
d. +0.75% but Bank signals that it will keep a 'special' eye on other things that might be tipping us into recession as well - Market reaction - ?
e. +0.75% but vote is split - Market reaction - ?
f. +0.5% but vote is split - Market reaction - probable £ weakness?

Anything can happen, trade what you see.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting BigNumbers
A new H4 candle opens in 5 mins.. stay glue to your chart...
New H4 already formed 1h ago. I think the same with most people

What broker are you using?
Quoting BigNumbers
A new H4 candle opens in 5 mins.. stay glue to your chart...
....... ?

nothing happened. i wasted 5 min for nothing.
Insolvent
If m1 can turn up before BOE, spike higher we'll see
COT: The precious data ignored
Quoting OragonFx
{quote} I also trade gold and for the next support for that bad boy is 1570. How can dollar be so strong when it keeps printing money? Where the value at?
My view is the market react more to interest rate than Quantitative Easing (print money) or Quantitative Tightening.
The interest rate is the main character in the financial market especially for USD.
As we are experiencing today, USD hike yesterday and expected to keep the same pace of rate increase for the next meeting is more powerful than BOE hike today. Why? Rate differentials. At the end on the rate cycle, the difference between BOE rate and FED rate will have a wide gap, since no way BOE can hike same as FED as UK economy can barely take another 75bps hike. But the US economy can hold the rate hike. The FED objective is to achieve price stability so as they dont lose the reserve currency status. They are so determined to achieve this objective even if it hurts the US economy, they don't care
Trade at good levels or no trade at all!
Quoting Headland
...Anyone holding a position (s) going into Boe/Mpc stuff ? I think b is the most likely scenario, even d and/or e as well. a. +0.75 and no signal of slowing down rate rises - potential £ strength? b. +0.75% but Bank signals it's a 'one-off' and will return to more ' normal ' +0.5 or even more normal ++0.25% in future rises. Market reaction - ? c. +0.5% - potentially market disappointed - £ weakness? d. +0.75% but Bank signals that it will keep a 'special' eye on other things that might be tipping us into recession as well - Market reaction - ?...
I vote for e.
What a disappointment for the bulls... I can't believe price is going down to hurt September LOW... HUGE amount of money sitting in there..
If it was easy... Everyone would do it!
I really wish Saudi would come out and say "We're no longer taking dollars for our oil anymore" about now
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