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Cable Update (GBPUSD)

  • #713,861
  • Dec 13, 2022 5:01am Dec 13, 2022 5:01am
GU still on sideway range 1.224-230...
trapping buyers/seller...
could be waiting for CPI core...
"bad trades at times do happen even when the set up are good"
  • #713,862
  • Dec 13, 2022 5:01am Dec 13, 2022 5:01am
** BAILEY IS SMILING, BAD NEWS AHEAD FOR POUND**
  • #713,863
  • Dec 13, 2022 5:09am Dec 13, 2022 5:09am
Need spike to up!
Peace Yo!
  • #713,864
  • Dec 13, 2022 5:10am Dec 13, 2022 5:10am
Quoting FulMargnAlch
{quote} Looks like we are seeing an organized behavior in here. Dangerous but highly rewarding. {image}
Looks like buyers held for now. Waiting for whipsaws to enter later.
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The market hides a perfect geometry.
  • #713,865
  • Dec 13, 2022 5:19am Dec 13, 2022 5:19am
Go go go mf
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yes yes yes
  • #713,866
  • Dec 13, 2022 5:20am Dec 13, 2022 5:20am
All of a sudden I'm confused about the proper definition of "non-event."

Anybody with an updated dictionary?
  • #713,867
  • Dec 13, 2022 5:23am Dec 13, 2022 5:23am
BOE GOV. BAILEY REITERATES THAT INVESTORS SHOULD BE READY TO LOSE THEIR MONEY AND THAT CRYPTOASSETS HAVE NO FUNDAMENTAL VALUE.
  • #713,868
  • Dec 13, 2022 5:28am Dec 13, 2022 5:28am
Very bad news for Pound, yet it goes up into that Resistance Zone as we were saying it may would! EXCELLENT!!
  • #713,869
  • Dec 13, 2022 5:32am Dec 13, 2022 5:32am
Quoting DubaiFX
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.
Well Got to 1.2300 or Close enough. added Small Short
i will wait for a little high for Sell. 1.2320 looks good enough.
i will not Buy Today that is for Sure,
Tomorrow is FED minutes it may Cause problems for Retail Traders, because of our Limited Stop loss it gets hit very fast.
Don't compare your Trades with Others
  • #713,870
  • Dec 13, 2022 5:35am Dec 13, 2022 5:35am
Quoting TheWolf
Very bad news for Pound, yet it goes up into that Resistance Zone as we were saying it may would! EXCELLENT!!
that is because USD Index is Down that is helping pound Push higher,
Core CPI, CPI, news may cause 50-60 pips move easy,
so be careful Either Way
Don't compare your Trades with Others
  • #713,871
  • Dec 13, 2022 5:35am Dec 13, 2022 5:35am
The price retests the resistance zone 1.22997 - 1.23041 and yesterday's high.
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  • #713,872
  • Dec 13, 2022 5:36am Dec 13, 2022 5:36am
Stop out. Let me watch the market now, before I take another move
  • #713,873
  • Dec 13, 2022 5:37am Dec 13, 2022 5:37am
Quoting TheWolf
BOE GOV. BAILEY REITERATES THAT INVESTORS SHOULD BE READY TO LOSE THEIR MONEY AND THAT CRYPTOASSETS HAVE NO FUNDAMENTAL VALUE.
They are not Wrong, my Dear
the Truth is Crypto have no Fundamental Value,
It moves on Supply and Demand it is that Simple...
Don't compare your Trades with Others
  • #713,874
  • Dec 13, 2022 5:38am Dec 13, 2022 5:38am
Quoting DubaiFX
{quote} Well Got to 1.2300 or Close enough. added Small Short i will wait for a little high for Sell. 1.2320 looks good enough. i will not Buy Today that is for Sure, Tomorrow is FED minutes it may Cause problems for Retail Traders, because of our Limited Stop loss it gets hit very fast.
Check the past 2/3 CPI news....one way 100/150 pips move

Traders will look at this way : soft CPI sell dollar, hot CPI buy dollar.....its not like PPI
COT: The precious data ignored
  • #713,875
  • Dec 13, 2022 5:38am Dec 13, 2022 5:38am
Bias for GU is short only - 1.2300 is a good level to short
"Exchange of hands"
  • #713,876
  • Dec 13, 2022 5:41am Dec 13, 2022 5:41am
Dumping pound on all crosses
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  • #713,877
  • Dec 13, 2022 5:43am Dec 13, 2022 5:43am
Quoting Headland
...on dly t/f, 2105 is the 8th consecutive HL after 3 consecutive HH's.
That's because the Monthly is making a move up. So for it to have a "good" upswing, of course the Daily will be making many HLs. Some of those are directly related to the monthly move, and some are related to smaller TFs doing their cycling inside of the Daily TF.
To free Gazans of Hamas, use whatever it takes.
  • #713,878
  • Dec 13, 2022 5:43am Dec 13, 2022 5:43am
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Do not get emotional when you gain or lose
  • #713,879
  • Dec 13, 2022 5:51am Dec 13, 2022 5:51am
Quoting DubaiFX
{quote} They are not Wrong, my Dear the Truth is Crypto have no Fundamental Value, It moves on Supply and Demand it is that Simple...
Same as currency which is backed by govt paper T bills and bonds. For something to be accepted as a medium of exchange, it needs to be accepted by the society. Be it is USD, Gold coin, Silver coin or BTC. At first, i was the same as you, but since i read the bitcoin standard, everything change in a way that the limited supply is better than the unlimited supply of paper printing which is controlled by the govt and banks (ie controlled by the old money-the crazy rich families)
More time in the market, does not mean you trade better!
  • #713,880
  • Dec 13, 2022 5:52am Dec 13, 2022 5:52am
Quoting bilal1947
Bias for GU is short only - 1.2300 is a good level to short
1.2325 would be even better where last Friday's high is, which may be the target by the news later before going south. IMO
Success = Practice + Patience + Persistence
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