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Cable Update (GBPUSD)

  • #713,801
  • Dec 13, 2022 2:41am Dec 13, 2022 2:41am
Quoting mrluckystar
{quote} Bailey speech should have spark up side for liquidity..
...it's on financial stability so may not! I wouldn't count on it. See what happens though.
Trader with an Edge.
  • #713,802
  • Dec 13, 2022 2:44am Dec 13, 2022 2:44am
Based on what the system is telling me, CPI will come out HOT!

Just had Hourly about to confirm long on GBP/USD and then this new Hourly Candle just rejected the potential signal just in time.. not good for Bulls at all.. based on what I see now.. We'll see how this Hourly closes, but not looking good.. rejected confirmations are kind of a give-away of price direction and where it wants to go.

DO NOT TAKE THIS AS A GREEN LIGHT TO SHORT!! Thankfully, everyone has their own way of trading..
I AM NOT GIVING BACK THE MONEY! NOT EVEN ONE DOLLAR! Perhaps a few cents though..

One reason this may fail is because price might actually be ranging now.. then all of this falls into water..
  • #713,803
  • Dec 13, 2022 2:46am Dec 13, 2022 2:46am
Quoting Robinhood1
UJ has probably initiated last leg down.
Got this one wrong inictially, will have to wait for a fleeting descent anytime, maybe a few days.
POSTMASTER
  • #713,804
  • Dec 13, 2022 2:50am Dec 13, 2022 2:50am
Long again 1.2250 SL 1.2220
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #713,805
  • Dec 13, 2022 2:52am Dec 13, 2022 2:52am
Quoting FulMargnAlch
Might close early depending on the development of the candlestick story considering higherlows are created bit by bit. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
The market hides a perfect geometry.
  • #713,806
  • Dec 13, 2022 2:55am Dec 13, 2022 2:55am
Need a decent break below today pivot for the region that Bella mentioned yesterday
Insane in the Brain..
  • #713,807
  • Dec 13, 2022 2:56am Dec 13, 2022 2:56am
Quoting BeeTogether
Need a decent break below today pivot for the region that Bella mentioned yesterday
And for that to happen USDX has to break through the 105.000 line
I am neither brave nor stupid...I am just a part time trader
  • #713,808
  • Dec 13, 2022 2:56am Dec 13, 2022 2:56am
Quick poll for today's possible destination post US CPI News...

1.2400 or 1.2100 today? Poll ends 13:00 UK time.
Data + Stat + Risk/Emotions Management
  • #713,809
  • Dec 13, 2022 2:57am Dec 13, 2022 2:57am
Quoting Indiara
{quote} At the moment, neither. I trade what I see with no bias either way. At the moment I don't see any reason for me to enter
Thats good.

I add buys for now
Shekh In Desert
  • #713,810
  • Dec 13, 2022 2:59am Dec 13, 2022 2:59am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
Just add
1.2400 Ukraine
1.2100 Russia

  • #713,811
  • Dec 13, 2022 2:59am Dec 13, 2022 2:59am
Long, open TP
Attached Image (click to enlarge)
Click to Enlarge Name: Image 23.png Size: 41 KB
  • #713,812
  • Dec 13, 2022 3:00am Dec 13, 2022 3:00am
...current dly hi could be considered a false 1st upside break of the 2298-40 1hr range? 4hr asc t/line at the top of the 1hr part of that prev 1hr/4hr sw lo zone down to 2240 provided the demand.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Trader with an Edge.
  • #713,813
  • Dec 13, 2022 3:00am Dec 13, 2022 3:00am
Quoting ToSatisfy
{quote} Thats good. I add buys for now
I still have no reason to enter
I am neither brave nor stupid...I am just a part time trader
  • #713,814
  • Dec 13, 2022 3:03am Dec 13, 2022 3:03am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.

Oh Yes CPI is there on Calendar

Will be cutting this Buy soon

Have to check more regarding other graphical details before entering

I usually dont see news but this one has created previously too massive move so good you mentioned
Shekh In Desert
  • #713,815
  • Dec 13, 2022 3:04am Dec 13, 2022 3:04am
Quoting Yngwie
Long again 1.2250 SL 1.2220
Close for 20 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #713,816
  • Dec 13, 2022 3:04am Dec 13, 2022 3:04am
Quoting BrainBucks
There's a half pip gap between 1.2292 and 1.2293 on the 1min. chart. Seems irrelevant, but it's more than enough for me to be suspicious of this down trend so far. Staying vigilant.
As much as I'm profiting from this fall, I just can't help but wonder how long it'll take before we're back at the 90s, even if the fall continues afterward.
These tiny gaps have dealt me heavy blows in times past when they have yet to be filled.
  • #713,817
  • Dec 13, 2022 3:05am Dec 13, 2022 3:05am
Quoting Indiara
{quote} I still have no reason to enter

I See Thats really good
Shekh In Desert
  • #713,818
  • Dec 13, 2022 3:06am Dec 13, 2022 3:06am
1.24 more likely
  • #713,819
  • Dec 13, 2022 3:09am Dec 13, 2022 3:09am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
1.21
  • #713,820
  • Dec 13, 2022 3:11am Dec 13, 2022 3:11am
Quoting Georginson
Quick poll for today's possible destination post US CPI News... 1.2400 or 1.2100 today? Poll ends 13:00 UK time.
121.. although it will need a decent uS centric set of data.
Insane in the Brain..
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