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Cable Update (GBPUSD)

  • #713,361
  • Dec 12, 2022 12:34am Dec 12, 2022 12:34am
just realized we have uk GDP at 7am

if we get a dip below the double bottom/asia low buy, if we retrace up to the VC mentioned, sell
  • #713,362
  • Dec 12, 2022 12:35am Dec 12, 2022 12:35am
[quote=erez h;14251991]
Quoting Whale
{quote} bro, there is a conversation between Zelensky and France USA, and turkey maybe its to find a diplomatic solution, in this case, the dollar will sink so put a tight stop if you playing long on USD, If it is true he will dive
Thanks

I ignore fundies for intraday trading personally

I'm a purely technical trader

I appreciate the tip though, thank you

I do believe we'll see a retrace of this short but possibility of a spike below current asia low first/dxy asia high
  • #713,363
  • Dec 12, 2022 12:36am Dec 12, 2022 12:36am
Hello friends

I hope you all had a wonderful weekend and are ready to see what Mr Market has in store for us this week. I had a busy weekend, but still had time to play and have fun.

Good luck to us all
I am neither brave nor stupid...I am just a part time trader
  • #713,364
  • Dec 12, 2022 12:40am Dec 12, 2022 12:40am
[quote=dantpm;14252009]
Quoting erez h
{quote} Peace with Russia is not likely as long as Dementia Joe is in charge in the US and Europe follows the US lead. Notice how Russia isn't at the table!
you don't need peace for the dollar to sink you need just a rumor about it
  • #713,365
  • Dec 12, 2022 12:46am Dec 12, 2022 12:46am
[quote=dantpm;14252009]
Quoting erez h
{quote} Peace with Russia is not likely as long as Dementia Joe is in charge in the US and Europe follows the US lead. Notice how Russia isn't at the table!
Politics at its best

US gave green signal to Germany to complete Nord Stream 2 gas pipeline to buy russian gas at prevailing market price
  • #713,366
  • Edited 1:09am Dec 12, 2022 12:49am | Edited 1:09am
g.night
  • #713,367
  • Dec 12, 2022 12:58am Dec 12, 2022 12:58am
G/M. Asian drop down to a prev 1hr/4hr sw hi then lo zone when demand has been met and a rise up from there. Price challenging a prev 1hr sw lo zone at the current p/back hi around the wkly pivot/23.6% of the drop from fri hi - 2nd attempt to get north of it.

1hr below
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Trader with an Edge.
  • #713,368
  • Dec 12, 2022 1:02am Dec 12, 2022 1:02am
i added some longs on that wipe. my average is shown.
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  • #713,369
  • Dec 12, 2022 1:05am Dec 12, 2022 1:05am
Currently long gold, Gbpusd and gbpjpy
  • #713,370
  • Dec 12, 2022 1:08am Dec 12, 2022 1:08am
Now waiting for smart money to flow in from London to push GU Up
More time in the market, does not mean you trade better!
  • #713,371
  • Dec 12, 2022 1:08am Dec 12, 2022 1:08am
Aim to rise.
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  • #713,372
  • Edited 1:21am Dec 12, 2022 1:08am | Edited 1:21am
...dump-pump-dump so far on that Uk Gdp etc data...on the 1min. The pump coking from deeper into that prev 1hr/4hr sw hi then lo zone = prev supp = pot supp.

1hr below
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Trader with an Edge.
  • #713,373
  • Dec 12, 2022 1:09am Dec 12, 2022 1:09am
Took profit on the data announcement from my short on Friday. Now switched to long as the data was quite good for the UK compared to expectations maybe test higher 122xx again?
Insane in the Brain..
  • #713,374
  • Dec 12, 2022 1:12am Dec 12, 2022 1:12am
Weekly 2% view
Div @ Top's, Div @ Low's, looking for double top or LH.

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"the public is not yet ready for it" W.D. GANN
  • #713,375
  • Dec 12, 2022 1:14am Dec 12, 2022 1:14am
Numbers look good but they came out negative.... Negative ain't good y'all
  • #713,376
  • Dec 12, 2022 1:15am Dec 12, 2022 1:15am
Quoting PatienceFx
i will exit shorts at 1.2208
target met in a quick move
  • #713,377
  • Dec 12, 2022 1:17am Dec 12, 2022 1:17am
Initial Market Analysis
Date: 12/12/2022
07:12 AM GMT

Yesterday's High : 1.23218
Yesterday's Low : 1.22072

Daily Bar Bias: Moderately Bullish
Bella's Price Momentum : -ve : -0.24

Pivots:
L3 : 1.22231 H3: 1.22849
L4: 1.21910 H4: 1.23170

GBP/USD - 1.22217... Current Market Structure of Daily Bar is Moderately Bullish but price has taken out L3 Support and maybe looking for L4 lvl. BPM is currently pointing negative that shows possible bearish pressure at intraday level. I will allow market to settle with in the framework of the Pivots and to re-check the market nearing 'Bella's GMT Switch” after 12:30 PM GMT.

-standing aside.

-Bella's Blue
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Goddess of Thunder..
  • #713,378
  • Dec 12, 2022 1:21am Dec 12, 2022 1:21am
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Listen to 702 on live streaming
  • #713,379
  • Dec 12, 2022 1:21am Dec 12, 2022 1:21am
With Todays UK GDP, we might see BOE hike by 75bps rather than 50 bps.
It does not matter if UK CPI expecting to go to 10.9% from 11.1%, meaning BOE will pivot, instead they want price stability at 2%. So 75bps for me is on the table.
More time in the market, does not mean you trade better!
  • #713,380
  • Dec 12, 2022 1:23am Dec 12, 2022 1:23am
Green datas arrived early morning. GU long before London. Oh boy oh boy
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Thirteen times I have been rich and poor
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