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Cable Update (GBPUSD)

  • #706,261
  • Nov 11, 2022 1:03am Nov 11, 2022 1:03am
Quoting BeeTogether
Uk data seems good too… maybe a new high on the way?
Hi, certainly not as bad as forecast.
Trader with an Edge.
  • #706,262
  • Nov 11, 2022 1:04am Nov 11, 2022 1:04am
Quoting BeeTogether
Uk data seems good too… maybe a new high on the way?
British economy contracting not so good, imports down ok, not sure how the data is good.
  • #706,263
  • Nov 11, 2022 1:05am Nov 11, 2022 1:05am
Quoting dantpm
{quote} British economy contracting not so good, imports down ok, not sure how the data is good.
GDP QoQ Actual -0.2% vs -0.5% expected
More time in the market, does not mean you trade better!
  • #706,264
  • Nov 11, 2022 1:06am Nov 11, 2022 1:06am
Quoting Whale
{quote} question. why the low of your fib is from body to wick at the top?
i always choose pure bullish candle only
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #706,265
  • Nov 11, 2022 1:07am Nov 11, 2022 1:07am
The forecast was a lot worse, yes the signs we are going into a recession are there and it’s been widely tankard about for many months that we would be in by the end of the year
Insane in the Brain..
  • #706,266
  • Nov 11, 2022 1:07am Nov 11, 2022 1:07am
Selling time
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #706,267
  • Nov 11, 2022 1:07am Nov 11, 2022 1:07am
On UK GDP day the release is made 1hr before UK banks open, 1hr later we might see some wild moves. IF reluctant to fall, then we are going up for today!
More time in the market, does not mean you trade better!
  • #706,268
  • Nov 11, 2022 1:08am Nov 11, 2022 1:08am
Quoting Fardeen1209
{quote} GDP QoQ Actual by -0.2% vs -0.5% expected
I was focusing on m/m, bigger discrepancy.
  • #706,269
  • Nov 11, 2022 1:10am Nov 11, 2022 1:10am
Quoting dantpm
{quote} I was focusing on m/m, bigger discrepancy.
Not yet understand the whole thing, but last month i saw the market react more on the QoQ figure which unfortunately don't post in FF but got it from Twitter @financialjuice or @FXStreetNews
More time in the market, does not mean you trade better!
  • #706,270
  • Nov 11, 2022 1:12am Nov 11, 2022 1:12am
Quoting Yngwie
{quote} i always choose pure bullish candle only
Ohh I get what you did
  • #706,271
  • Nov 11, 2022 1:13am Nov 11, 2022 1:13am
Quoting Fardeen1209
{quote} Not yet understand the whole thing, but last month i saw the market react more on the QoQ figure which unfortunately don't post in FF but got it from Twitter @financialjuice or @FXStreetNews
After yesterdays reaction to the US Data, it is VERY CLEAR that this is not a data driven market!
  • #706,272
  • Nov 11, 2022 1:15am Nov 11, 2022 1:15am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
yes yes yes
  • #706,273
  • Nov 11, 2022 1:17am Nov 11, 2022 1:17am
Quoting Yngwie
Selling time
wrong
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #706,274
  • Nov 11, 2022 1:18am Nov 11, 2022 1:18am
Another long spike!!
Insane in the Brain..
  • #706,275
  • Nov 11, 2022 1:18am Nov 11, 2022 1:18am
Quoting dantpm
{quote} After yesterdays reaction to the US Data, it is VERY CLEAR that this is not a data driven market!
Not it is more US data-driven market.
No matter how bad the Uk GDP would be, it would not fall that much IMO
The structure is already making HH and HL, the bad data would merely represent correction if you zoom out!
More time in the market, does not mean you trade better!
  • #706,276
  • Nov 11, 2022 1:20am Nov 11, 2022 1:20am
....testing deep into this prev 4hr/dly/minor wkly sw hi zone to 1738 now.Just above that pot res zone is a prev minor 4hr sw hi zone = prev res = pot res that extends to 1763, almost to Mthly R1 which is @/around 1765, with an upside fib circa 1769. These potential res zones are coexistent with a prev dly sw lo zone = prev supp = pot sbr that starts @ 1717 and extends to circa 1753. Dly R1 is @/around 1845.
Trader with an Edge.
  • #706,277
  • Nov 11, 2022 1:20am Nov 11, 2022 1:20am
Quoting BeeTogether
The forecast was a lot worse, yes the signs we are going into a recession are there and it’s been widely tankard about for many months that we would be in by the end of the year

You mean to say UK is going into Rishession. ?...

Good morning Sohail.
Hope this Friday bringin you a lot of pips and all trades goes well.

Best Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,278
  • Nov 11, 2022 1:21am Nov 11, 2022 1:21am
Quoting BeeTogether
Another long spike!!
Taking LQ at yesterday's high before banks open?
More time in the market, does not mean you trade better!
  • #706,279
  • Nov 11, 2022 1:22am Nov 11, 2022 1:22am
Quoting Yngwie
{quote} wrong
That's all right Bro.

Take it easy, try again.
Wishing you all the best in today trades.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,280
  • Nov 11, 2022 1:22am Nov 11, 2022 1:22am
Quoting Pat Chiko
{quote} You mean to say UK is going into Rishession. ?... Good morning Sohail. Hope this Friday bringin you a lot of pips and all trades goes well. Best Regards PAT
Cheers buddy!! Yup definitely a Rishession! After all he was at the helm of the chaos for 2 years before all hell broke.

TP1 11630 TP2 11580 TP3 11500 ( but we won’t get there today)
Insane in the Brain..
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