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Cable Update (GBPUSD)

  • #707,501
  • Nov 16, 2022 12:45am Nov 16, 2022 12:45am
Good morning folks,

Today on GU, I am taking the lazy last man's position. I won't even be doing any running.
My neighbors and I are focussing on EJ instead

Let's have a productive day regardless.
Cheers
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  • #707,502
  • Nov 16, 2022 12:48am Nov 16, 2022 12:48am
maybe they waiting for g20 results.... hahaha
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  • #707,503
  • Nov 16, 2022 12:50am Nov 16, 2022 12:50am
Quoting PatienceFx
{quote} it is just writing what 14 sma is doing {image}
Is this the EA that post #56181 in I will code your EAs and Indicators for no charge ?
  • #707,504
  • Nov 16, 2022 12:55am Nov 16, 2022 12:55am
Quoting JayBag
Good morning folks, Today on GU, I am taking the lazy last man's position. I won't even be doing any running. My neighbors and I are focussing on EJ instead Let's have a productive day regardless. Cheers {image}
Interesting, takes USD out of the picture. Is there a reason for selecting this pair today?
  • #707,505
  • Nov 16, 2022 1:02am Nov 16, 2022 1:02am
Quoting dantpm
{quote} Interesting, takes USD out of the picture. Is there a reason for selecting this pair today?
Uhm, I did make a comment about it yesterday.
The setup on there looks clean and may not be disrupted by so-called news, etc.

It's purely Technical on that pair today (at least, that's what I think)
  • #707,506
  • Nov 16, 2022 1:02am Nov 16, 2022 1:02am
Uk data is red hot , this could hover 120 today
Insane in the Brain..
  • #707,507
  • Nov 16, 2022 1:05am Nov 16, 2022 1:05am
good inflation data
why gu isn't dropping ?
yes yes yes
  • #707,508
  • Nov 16, 2022 1:05am Nov 16, 2022 1:05am
a spike then... so that cpi... hahaha lmao
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  • #707,509
  • Nov 16, 2022 1:07am Nov 16, 2022 1:07am
Quoting Moty
good inflation data why gu isn't dropping ?
To bring it down, they need to push it up first.
Success = Practice + Patience + Persistence
  • #707,510
  • Nov 16, 2022 1:07am Nov 16, 2022 1:07am
Quoting BeeTogether
Uk data is red hot , this could hover 120 today
.4% higher than expected and the reaction seems a little strong but we have been seeing a lot of that lately.
  • #707,511
  • Nov 16, 2022 1:08am Nov 16, 2022 1:08am
Quoting JayBag
{quote} Uhm, I did make a comment about it yesterday. The setup on there looks clean and may not be disrupted by so-called news, etc. It's purely Technical on that pair today (at least, that's what I think)
seems like it’s breaking the resistance since this buyout few hours ago. Setting up to break?
  • #707,512
  • Nov 16, 2022 1:10am Nov 16, 2022 1:10am
Quoting BeeTogether
Uk data is red hot , this could hover 120 today
I am not trading GU today but I think you could correct about 1.20 area again.
If that level rejects again, hmm I think Bears may have a field day and smash lows around 1.114991

I don't expect 1.11 in a day tho
  • #707,513
  • Nov 16, 2022 1:11am Nov 16, 2022 1:11am
Food and House spending contribute to the CPI!
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More time in the market, does not mean you trade better!
  • #707,514
  • Nov 16, 2022 1:11am Nov 16, 2022 1:11am
Quoting Moty
good inflation data why gu isn't dropping ?
that's more like it
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yes yes yes
  • #707,515
  • Nov 16, 2022 1:13am Nov 16, 2022 1:13am
As if UK has a "sustainable Growth"
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More time in the market, does not mean you trade better!
  • #707,516
  • Nov 16, 2022 1:13am Nov 16, 2022 1:13am
Quoting Moty
{quote} that's more like it {image}
I agree with this chart.

I can say s1 test is definite for you and me.
Intraday only.
  • #707,517
  • Nov 16, 2022 1:14am Nov 16, 2022 1:14am
Quoting Fardeen1209
Food and House spending contribute to the CPI! {image}
Can we assume that housing and household services includes heating and electricity? Not much can be done about these costs these days and this would be the biggest impact!
  • #707,518
  • Nov 16, 2022 1:14am Nov 16, 2022 1:14am
G/M , Reaction to Uk inflation data just happening. Challenging a prev 1hr/minor 4hr sw lo zone extending down to current dly lo.

1hr below
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Trader with an Edge.
  • #707,519
  • Nov 16, 2022 1:16am Nov 16, 2022 1:16am
Quoting dantpm
{quote} Can we assume that housing and household services includes heating and electricity? Not much can be done about these costs these days and this would be the biggest impact!
Yes it includes the heating and electricity!

https://www.ons.gov.uk/economy/infla...on/october2022

If you want to take a look..
More time in the market, does not mean you trade better!
  • #707,520
  • Nov 16, 2022 1:16am Nov 16, 2022 1:16am
Quoting Moty
{quote} that's more like it {image}
Some here have totally different views on levels.

Atleast, it is confusing me.

But, I know you are stubborn.
Intraday only.
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