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Cable Update (GBPUSD)

  • #713,221
  • Dec 11, 2022 3:14am Dec 11, 2022 3:14am
Quoting Robinhood1
After 24 hours mostly underwater with BTC maybe itīll finally climb up
What"s your entry price?
  • #713,222
  • Dec 11, 2022 3:23am Dec 11, 2022 3:23am
Quoting gjgriff
Hi Friends, I don't know who posted this image/projection a couple of weeks ago. I'm wondering if anyone would also care to make their 2023 projections for the next twelve months. {image}
I think a close this year above 1.2666 will bring 1.42+ into view for 2023
Compulsions can be hard to resist
  • #713,223
  • Edited 4:13am Dec 11, 2022 3:32am | Edited 4:13am
Quoting gjgriff
Hi Friends, I don't know who posted this image/projection a couple of weeks ago. I'm wondering if anyone would also care to make their 2023 projections for the next twelve months. {image}
Hi bro .

For this to work out, 1.28 must not be break (0.68% swing hi lo 21 to 22).

Go with the flow.. step by step

This week we will know where price will go (fed rate decision). If fed raise by 75 bps, most likely retest HP zone will be touch!

Bear in mind, us are using their oil reserved to keep the gasoline down. That means current cpi number down are fake!

Us employment still good (last week nfp), this will make fed have a lot of room for raise rate faster to tame inflation earlier.
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Peace Yo!
  • #713,224
  • Dec 11, 2022 3:32am Dec 11, 2022 3:32am
Quoting pipcenturion
{quote} What"s your entry price?
Have several quite close to each other averaging 17160
POSTMASTER
  • #713,225
  • Dec 11, 2022 3:49am Dec 11, 2022 3:49am
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My telegram: https://t.me/avidforex
  • #713,226
  • Dec 11, 2022 3:53am Dec 11, 2022 3:53am
Quoting Robinhood1
{quote} Have several quite close to each other averaging 17160
Okay.
The current VAP value for today is at 17149.2
There is another untested level at 16904 from December 8, 2022.
  • #713,227
  • Dec 11, 2022 4:29am Dec 11, 2022 4:29am
gbpusd still up tp2
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  • #713,228
  • Dec 11, 2022 4:42am Dec 11, 2022 4:42am
Quoting mrluckystar
{quote} Hi bro . For this to work out, 1.28 must not be break (0.68% swing hi lo 21 to 22). Go with the flow.. step by step This week we will know where price will go (fed rate decision). If fed raise by 75 bps, most likely retest HP zone will be touch! Bear in mind, us are using their oil reserved to keep the gasoline down. That means current cpi number down are fake! Us employment still good (last week nfp), this will make fed have a lot of room for raise rate faster to tame inflation earlier. {image}
I agree that a lot of data released by the US gov't is fake, falsified, misleading or simply generated incompetently!

The FED has clearly stated that it is leaning towards lower rate increases. Since we are close to the new year, we are going to start seeing comparisons with 2022 instead of 2021 which is going to result in lower inflation if nothing else. Lower fuels costs will help this data significantly. The result is even less pressure for the FED to maintain 75 bp increase.

Here is a link to the latest storage report from the US. It doesn't appear that they are using excessive amounts of inventory to keep prices down.
https://www.eia.gov/dnav/pet/pet_stoc_ts_dcu_nus_m.htm

Here is the production table that shows pretty flat levels.
https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_m.htm

Oil storage, production and retail prices are more important for pricing oil than currency!

All of this aside, MM's are going to move price where they want, typically in the opposite direction to what retail sentiment is at the time of the move!
  • #713,229
  • Dec 11, 2022 4:43am Dec 11, 2022 4:43am
Quoting Bainbrito
{quote} Thanks nAVIN! I really appreciate your comment There is a lot I could be better at but I’ve finally learnt trading is not just about knowing what to do and executing that well but about knowing what not to do - perhaps even more so. At this point I doubt there is a single mistake I haven’t made, but now I know what doesn’t work for me and will happily ignore about 95% of everything that happens as noise and just wait for those shooting fish in barrel moments that occur from time to time, especially when pairing a strong currency...
Yes that is an important turning point in a trader mindset, we can know everything about market movement and still it can go wrong, must understand money management is key to any trade and what will happen will happen.
long term trend is paramount and key to everything, all else is noise..gotta stick to your conviction and understand, this is zero sum game..the fish will be shot in the barrel..and we need to understand this

I thought your analysis was top notch and 1 year back im not sure if u had the same hindsight, hence the comment
  • #713,230
  • Dec 11, 2022 4:54am Dec 11, 2022 4:54am
I'll post all 28.. (Daily Chart).
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  • #713,231
  • Dec 11, 2022 4:56am Dec 11, 2022 4:56am
Quoting Bella.al
Initial Market Analysis : 04:42 AM GMT Yesterday's High : 1.22337 Yesterday's Low : 1.21055 Daily Bar Bias: Moderately Bullish . Bella's Price Momentum : +ve : 0.49 Pivots: L3 : 1.21740 H3: 1.22432 L4: 1.21381 H4: 1.22791 Currently it is a Bullish Scenario overall with BPM +0.49 and Day is setup as Bullish with some bears pressure coming from Yesterday's High at 1.22337. With the next Update nearing my GMT Switch i shall see how the BPM has changed if any and how the price has been trading inside the Framework of the Pivots -Bella's Blue {image}...

This is the last post i had about upcoming trading plan on FF . Starting 12/12/2022 i will continue after 12:00 PM GMT due to Bella's GMT Switch

-bella.
Goddess of Thunder..
  • #713,232
  • Dec 11, 2022 5:04am Dec 11, 2022 5:04am
Quoting dantpm
{quote} I agree that a lot of data released by the US gov't is fake, falsified, misleading or simply generated incompetently! The FED has clearly stated that it is leaning towards lower rate increases. Since we are close to the new year, we are going to start seeing comparisons with 2022 instead of 2021 which is going to result in lower inflation if nothing else. Lower fuels costs will help this data significantly. The result is even less pressure for the FED to maintain 75 bp increase. Here is a link to the latest storage report from the US. It...
What is retail sentiment now?
Peace Yo!
  • #713,233
  • Dec 11, 2022 5:09am Dec 11, 2022 5:09am
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  • #713,234
  • Dec 11, 2022 5:16am Dec 11, 2022 5:16am
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  • #713,235
  • Dec 11, 2022 5:17am Dec 11, 2022 5:17am
Quoting mrluckystar
{quote} What is retail sentiment now?
I am not sure. IG Markets has it 57% short. It is supposed to be more than 60 to be significant.
  • #713,236
  • Dec 11, 2022 5:23am Dec 11, 2022 5:23am
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  • #713,237
  • Dec 11, 2022 5:30am Dec 11, 2022 5:30am
Tried my best to outline those Resistance and Support areas as best as I could. I might have missed on some pair, but all in all, should be good.
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  • #713,238
  • Dec 11, 2022 6:09am Dec 11, 2022 6:09am
I'll post a full analysis later but I think we'll sweep both sides of this range next week. Probably upside first so buy the dip, but we'll see how asia pans out.

I expect bears to kick in big style after last Mondays high is swept
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  • #713,239
  • Dec 11, 2022 6:33am Dec 11, 2022 6:33am
Cable..... I do not try to predict where market will go..I am not good in that
I am bullish above 1.23 and will try to see where I can enter for long
and I will go short below 1.21500 or when the trend line breaks
Let's see...
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!! Radha Radha !!
  • #713,240
  • Dec 11, 2022 6:48am Dec 11, 2022 6:48am
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