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Cable Update (GBPUSD)

  • #706,601
  • Nov 11, 2022 10:18am Nov 11, 2022 10:18am
Quoting Pat Chiko
{quote} Penang is alive Island full of activities. Best food in Malaysia if not the world... A quieter and calm Island is Langkawi (duty free) with many 5 star hotel.
It was good heaven! The night market and street food places absolutely rocked! Would go there again any day
Insane in the Brain..
  • #706,602
  • Nov 11, 2022 10:19am Nov 11, 2022 10:19am
Today's candle may end up having little or no upper Shadow, which means price may start buying from 18:00 UK time till market closes today, bears have tried but couldn't take price below 1.1700.

This can only mean bulls may easily close this week at 1.18xx. perhaps weekend down gap will help the bears (which is not in anyway a guarantee).
Data + Stat + Risk/Emotions Management
  • #706,603
  • Nov 11, 2022 10:20am Nov 11, 2022 10:20am
Quoting MIKKI
Am I correct in saying that the pound is capitalizing on Us data and that long term Pound is weak...
US data is weak, however the data also meant that the economy is on a decent track
also the Pound has been awful recently and with talks of higher taxes and cuts the markets seem to be happier.
Insane in the Brain..
  • #706,604
  • Nov 11, 2022 10:21am Nov 11, 2022 10:21am
Quoting BeeTogether
{quote} hopefully watch the footie tomorrow and sons (delayed) birthday shenanigans on Sunday with his school friends how about you?
Good investment.
How old is your son ?
Hopefully , he will play for Top club in EPL on day...
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,605
  • Nov 11, 2022 10:22am Nov 11, 2022 10:22am
good time to hold GU. Hopefully above 1.18 at weekend.
  • #706,606
  • Nov 11, 2022 10:27am Nov 11, 2022 10:27am
Quoting Pat Chiko
{quote} Good investment. How old is your son ? Hopefully , he will play for Top club in EPL on day...{image}
He’s 13 although if he does become a pro baller I’d have to give up trading to keep him on track. Better he studies hard and give me a hobby in trading
Insane in the Brain..
  • #706,607
  • Nov 11, 2022 10:27am Nov 11, 2022 10:27am
Coreg thank you for your charts and insight. I have learnt a lot from you and many others on this platform. In my thought process I think price will continue through your gartley pattern. Let’s see
Many thanks
  • #706,608
  • Nov 11, 2022 10:28am Nov 11, 2022 10:28am
About UK's CPI data on Wednesday:
Probabilities favor a short trade for the upcoming main event in next week. Let me explain.

#1: Manufacturing PMI data predict GDP and when GDP is low as it is this month then inflation is low, too.
#3: Cable's 10Y interest rate differential has a very negative steepness and inflation lags 10y interest rate differentials.
#2: The lowest risk trading setup would be when inflation decreases. But even when inflation increases, then we are still in a bearish high volume area.

Who else is bearish for the next week?
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  • #706,609
  • Nov 11, 2022 10:31am Nov 11, 2022 10:31am
Quoting Cfin
{quote} You receive a few additional pips each day for reading Taco's posts. He's hilarious, and he always brightens my day.
Hi dear Cfin, you made my day with your comment. I am here imperfectly sharing my trading, simply hanging out. In my crazy sharing mess, I can't assume to be a positive effect on anyone. Thank you so much for mentioning that I am for you, feels real good ! Take good care now, big cheers !
Quoting elude
I want tostada
Nope, Tacos only from Mtako !!!!! Tostada's all around mates, It's on Elude !!!!! Thank you mate MIAM looks delicious!!!!

Bloody tostada's, always sooo messy impossible to eat delicious but masochistic.... what a mess that will make in this thread!


Bloody boys....
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #706,610
  • Nov 11, 2022 10:36am Nov 11, 2022 10:36am
Quoting Pat Chiko
{quote} Party time. Topless Beach Party..... Going to Penang Island tomorrow ( North of Kuala Lumpur, 45 mins flight). Hope I get sober by Monday....
Selamat bercuti bro Pat..
Peace Yo!
  • #706,611
  • Nov 11, 2022 10:40am Nov 11, 2022 10:40am
Quoting MrAnonymous
About UK's CPI data on Wednesday: Probabilities favor a short trade for the upcoming main event in next week. Let me explain. #1: Manufacturing PMI data predict GDP and when GDP is low as it is this month then inflation is low, too. #3: Cable's 10Y interest rate differential has a very negative steepness and inflation lags 10y interest rate differentials. #2: The lowest risk trading setup would be when inflation decreases. But even when inflation increases, then we are still in a bearish high volume area. Who else is bearish for the next week? {image}...

As UK's chancellor Hunt said : There is a very substantial gap in our national finances.
To add to the list I heard a rumours that The UK had their treasury on FTX....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,612
  • Nov 11, 2022 10:41am Nov 11, 2022 10:41am
Quoting mrluckystar
{quote} Selamat bercuti bro Pat..
Not cuti (holiday), it's Party....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,613
  • Nov 11, 2022 10:42am Nov 11, 2022 10:42am
Quoting MrAnonymous
About UK's CPI data on Wednesday: Probabilities favor a short trade for the upcoming main event in next week. Let me explain. #1: Manufacturing PMI data predict GDP and when GDP is low as it is this month then inflation is low, too. #3: Cable's 10Y interest rate differential has a very negative steepness and inflation lags 10y interest rate differentials. #2: The lowest risk trading setup would be when inflation decreases. But even when inflation increases, then we are still in a bearish high volume area. Who else is bearish for the next week? {image}...
We rarely get good posts tackling fundamentals, so I very enjoyed reading yours, thank you! For purely technical reasons, the probabilities are greater that I will be mostly shorting next week as well. Hope you don't mind sharing a boat with a crazy man ! I short but not when > 1720, for now... Only buy from 1780 now end of Friday special...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #706,614
  • Nov 11, 2022 10:48am Nov 11, 2022 10:48am
Quoting Pat Chiko
{quote} As UK's chancellor Hunt said : There is a very substantial gap in our national finances. To add to the list I heard a rumours that The UK had their treasury on FTX....
on FTX? Wtf were they thinking!
Insane in the Brain..
  • #706,615
  • Nov 11, 2022 10:51am Nov 11, 2022 10:51am
This has been a hard day on 1 and 5 mm charts trying to catch it out only for it to keep longs . We shall get that retrace
  • #706,616
  • Nov 11, 2022 10:54am Nov 11, 2022 10:54am
Quoting elbert3
This has been a hard day on 1 and 5 mm charts trying to catch it out only for it to keep longs . We shall get that retrace
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is it going to break . I would not be surprised hold on to your hats
  • #706,617
  • Nov 11, 2022 10:54am Nov 11, 2022 10:54am
Quoting Yngwie
Hey what the heckk... Long 1.1717 SL 1.1690 TP 1.1800
Closed again and again and again
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #706,618
  • Nov 11, 2022 10:55am Nov 11, 2022 10:55am
Quoting mtako
{quote} We rarely get good posts tackling fundamentals, so I very enjoyed reading yours, thank you! For purely technical reasons, the probabilities are greater that I will be mostly shorting next week as well. Hope you don't mind sharing a boat with a crazy man ! I short but not when > 1720, for now... Only buy from 1780 now end of Friday special...
You're not..

The market is crazy making everyone goes nut...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #706,619
  • Nov 11, 2022 10:56am Nov 11, 2022 10:56am
Quoting Coreg2004
{quote} Houtbay, min extension for the week has been hit, weekly range is @140% of weeklyATR(14) 505pips. Now I bet on the second leg down if a bearish Gartley pattern gives me an entry on the 3M chart. {image}
Coreg,
irregular wave b?
  • #706,620
  • Nov 11, 2022 10:58am Nov 11, 2022 10:58am
Quoting Pat Chiko
{quote} GU/DXY break new high and wedges. Eventually people will sell the dollar on bad CPI news. Instead of the opposite. Maybe we can see the $DXY get into the bed to 108.00. {image}
GU

Spike Lee, do you job now !
Getting late... everyone want to rest ..
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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