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Cable Update (GBPUSD)

  • #713,661
  • Dec 12, 2022 2:39pm Dec 12, 2022 2:39pm
TUESDAY is going to be a Weird Day for Pound,
we may see First high above 1.2300-20
then Drop to 1.2220-30
Trust me Tuesday is the Day the Actual Money Moves, that means BIG Boys Enter the Market, be Careful.
i used to work for INvestment Company and Tuesday we usually Avoided Pound.
but Looking at GJ does not look bad to Sell Third Res testing.
and UJ looks Over bought at 4H chart as well.
Good Luck.
Don't compare your Trades with Others
  • #713,662
  • Dec 12, 2022 2:44pm Dec 12, 2022 2:44pm
Quoting mysterio
50 pip trades on offer for intraday traders on both AM and PM sessions but an inside day, to be expected for a Monday. I only caught the morning buy and BE'd luckily on the NY trade I'm not gonna predict the direction tomorrow but going to continue to treat it as a range and look for reversals We'll just see which liquidity pool gets raided first then go from there
Caught the AM trade then called it a day but it is cool how price is moving between Friday's VAH and VAL areas in this range.
Your plan is very good, although I believe we have already broken support on the weekly and should see much more continuation to the upside, in the same way a very regular heartbeat can precede a heart attack, this bull trend could easily collapse. No trade at the moment, will wait and see what happens tomorrow.
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  • #713,663
  • Dec 12, 2022 2:56pm Dec 12, 2022 2:56pm
I lost 0.7% of MyyFF account today going long GBPUSD in the afternoon, then adding in, not taking profits etc. .

My Prediction tomorrow: USA CPI Inflation will be better than expected sending GBPUSD UP, (even though good USA data should send it down).

BULLISH


Disclaimer: not a signal based on anything Solid
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #713,664
  • Dec 12, 2022 3:17pm Dec 12, 2022 3:17pm
Quoting Phil_GMT
I lost 0.7% of MyyFF account today going long GBPUSD in the afternoon, then adding in, not taking profits etc. . My Prediction tomorrow: USA CPI Inflation will be better than expected sending GBPUSD UP, (even though good USA data should send it down). BULLISH Disclaimer: not a signal based on anything Solid
Don't Worry Mate,
You Will make it Tomorrow,
made 17% today Live account.
just be Patient,
and Remember
Your Last Mistake is Your Best Teacher
will suggest GBPAUD for tomorrow. Sell if it hits .18240
look for 60 pips target.
Just a Suggestion Trade on Your Own Risk.
Good Luck.
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Don't compare your Trades with Others
  • #713,665
  • Dec 12, 2022 3:19pm Dec 12, 2022 3:19pm
1.2200 is what im waiting for for tp
be a thinker before being a reacter
  • #713,666
  • Dec 12, 2022 3:29pm Dec 12, 2022 3:29pm
Quoting Robinhood1
{quote} I just know that GJ 200% long 166.00/40
169 now.. amazing!
  • #713,667
  • Dec 12, 2022 3:40pm Dec 12, 2022 3:40pm
Quoting Phil_GMT
I lost 0.7% of MyyFF account today going long GBPUSD in the afternoon, then adding in, not taking profits etc. . My Prediction tomorrow: USA CPI Inflation will be better than expected sending GBPUSD UP, (even though good USA data should send it down). BULLISH Disclaimer: not a signal based on anything Solid
Be careful with that! Higher than forecasted will send USD flying in my opinion, if by better you meant higher.. Market isn't as bright, still expecting 75bps rate hike if inflation proves to be higher then what was thought (forecasted). They think Fed will actually hike 75bps instead of 50bps and raise terminal rate if inflation comes out hot. I have traded these last couple of news for USD and it turned out well, because I was always betting on USD, however, as was said by others, these news aren't to be messed with really, it could go (and probably will based on history) 100 pips immediately one way or the other and perhaps even more.. this one I'll pass, but if I had to bet, I would bet against USD this time around, so I agree on that point that Pound is going to go up and destroy this R as if nothing is even there..

As always, we'll see..
I think we'll also get some clue from where the price will be before the CPI comes out. We do have Bailey speaking tommorow!
  • #713,668
  • Edited 4:08pm Dec 12, 2022 3:50pm | Edited 4:08pm
...61.8% of the current and likely dly lo-hi move held the pullback off that hi. Tomorrow some Uk employment data, Uk's Boe Gvnr Bailey talks about not very much, then the main course - the U.s Cpi data. Another likely sub 30day adr, and sub 5day adr day today, on the close of the gmt+2 dly candle in 10mins or so.

1hr below

...
EDIT: add 4hr below after gmt+2 dly close
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Trader with an Edge.
  • #713,669
  • Dec 12, 2022 4:24pm Dec 12, 2022 4:24pm
Hoping for dxy to fly some in asian session…
Extreme gut feeling trader
  • #713,670
  • Dec 12, 2022 4:37pm Dec 12, 2022 4:37pm
Quoting DubaiFX
{quote} Don't Worry Mate, You Will make it Tomorrow, made 17% today Live account. just be Patient, and Remember Your Last Mistake is Your Best Teacher will suggest GBPAUD for tomorrow. Sell if it hits .18240 look for 60 pips target. Just a Suggestion Trade on Your Own Risk. Good Luck. {image}
I'll take a look at GBPAUD.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #713,671
  • Dec 12, 2022 4:44pm Dec 12, 2022 4:44pm
Quoting aggieman01
Dollar is KING...Direct correlation with forex pairs...{image}
you gave me a way to use news. thank you
be a thinker before being a reacter
  • #713,672
  • Edited 7:17pm Dec 12, 2022 5:38pm | Edited 7:17pm
Good morning..

Lets see which TL will it break or ranging till NY

I'm short for loonie and UJ from yesterday peak
And long for cable and dragon from yesterday H4 support.

Green pip to all.
Peace Yo!
  • #713,673
  • Dec 12, 2022 6:09pm Dec 12, 2022 6:09pm
Quoting TheWolf
{quote} 169 now.. amazing!
I still expect it to come down its just AI performing
POSTMASTER
  • #713,674
  • Dec 12, 2022 6:12pm Dec 12, 2022 6:12pm
Quoting Robinhood1
{quote} I still expect it to come down its just AI performing
170 then 166...
400p up for grabs .....
Peace Yo!
  • #713,675
  • Dec 12, 2022 6:14pm Dec 12, 2022 6:14pm
BTC
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POSTMASTER
  • #713,676
  • Dec 12, 2022 6:16pm Dec 12, 2022 6:16pm
Quoting mrluckystar
{quote} 170 then 166... 400p up for grabs .....
Lets see
POSTMASTER
  • #713,677
  • Dec 12, 2022 6:18pm Dec 12, 2022 6:18pm
Quoting Robinhood1
{quote} I still expect it to come down its just AI performing
Remember, i am on A Book. I will have to stop going against the main trend for a retrace as it can kind a force the situation. I only mistake
POSTMASTER
  • #713,678
  • Dec 12, 2022 6:28pm Dec 12, 2022 6:28pm
We are here to discuss and make money.. not to pin point right or wrong

If someone get wrong, with this discussion next trade will get it right

Peace yo!
Peace Yo!
  • #713,679
  • Dec 12, 2022 6:51pm Dec 12, 2022 6:51pm
Quoting Robinhood1
{quote} Lets see
Dragon have heavy barrier above 170..
Peace Yo!
  • #713,680
  • Dec 12, 2022 6:57pm Dec 12, 2022 6:57pm
Quoting mrluckystar
We are here to discuss and make money.. not to pin point right or wrong If someone get wrong, with this discussion next trade will get it right Peace yo!
90% are not for here for your reasoning and they know what i mean. Even buddy warning me with a smile I know who is each one even if they think i do not. But yes peace.
POSTMASTER
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