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Cable Update (GBPUSD)

  • #713,981
  • Dec 13, 2022 7:50am Dec 13, 2022 7:50am
Quoting Bones
green is good {image} {image}
Hi bones nice chart
  • #713,982
  • Dec 13, 2022 7:51am Dec 13, 2022 7:51am
Quoting fxsport
{quote} Stop being practical will you? In all seriousness you ARE correct and people shouldn't be happy about a 7% inflation reading. What the market is happy about is the direction so "they" think ok, the FED will begin to pivot and now they are planning on when the FED will begin cutting rates - pretty stupid isn't that? In MY MIND all this does is confirm the 0.5% rate increase tomorrow and gives more ammo for the FED to continue keeping rates above 5% - especially when inflation is 7%
Market is clearly stupid to enjoy it
Because it will be at new highs with inflation at 5%+ ?

Then inflation will skyrocket again, and we'll be at 10%+ in no time

Don't be surprised if end of the week ends negative

It will be fun in 2023, i let people enjoy while it lasts
COT: The precious data ignored
  • #713,983
  • Dec 13, 2022 7:51am Dec 13, 2022 7:51am
Crap… ok so plan is for damage control. Will look for a pull
back before going long. The 0.5 rise seems more certain instead of 0.75 as has been talked about already. But on the flip side, inflation still at 7% I can’t see a reduction in rates for the time being either maybe a prolonged 0.5 rises till April?
Insane in the Brain..
  • #713,984
  • Dec 13, 2022 7:52am Dec 13, 2022 7:52am
Stanby...
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Peace Yo!
  • #713,985
  • Dec 13, 2022 7:52am Dec 13, 2022 7:52am
Quoting PatienceFx
{quote} i think i earned enough for a week in Vegas {image}
booked +105
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  • #713,986
  • Dec 13, 2022 7:53am Dec 13, 2022 7:53am
Quoting Theoak
{quote} Bang on!!! I'm out now waiting for the same!!
actually gonna short 2408 on M1
but only for some quick pips
in wondering about yourself, you forgot what you came here to be part of
  • #713,987
  • Dec 13, 2022 7:53am Dec 13, 2022 7:53am
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have to take note 1,min
  • #713,988
  • Dec 13, 2022 7:53am Dec 13, 2022 7:53am
Quoting Cgpips
I think there're 2 possibilities: 1. go up a little bit and then dropdown gradually to 1.6 to finish a session, then consolidation, then rise up to break previous session's high. 2. keep go up with small progress. 1.37484 / 1.42385 - bull's goal 1.24833 / 1.16820 - price to observe {image} {image}
so now I suppose it will go to 1.24833 to end this session
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  • #713,989
  • Dec 13, 2022 7:54am Dec 13, 2022 7:54am
Quoting BeeTogether
Crap… ok so plan is for damage control. Will look for a pull back before going long. The 0.5 rise seems more certain instead of 0.75 as has been talked about already. But on the flip side, inflation still at 7% I can’t see a reduction in rates for the time being either maybe a prolonged 0.5 rises till April?
Why do you believe it will continue to go up?
  • #713,990
  • Dec 13, 2022 7:55am Dec 13, 2022 7:55am
Miss the train, only got short scalp 10 pips, that turn out more than 20 pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #713,991
  • Dec 13, 2022 7:55am Dec 13, 2022 7:55am
Quoting Wavegarrick
{quote} Hi Guys, Very significant to me is a weekly close above my 2 year 50% Fib retrace at 1.22866. Price currently standing at 1.22909. If you have followed weekly candle closes as long as I have you will understand the significance of it. We have almost a full bodied weekly candle and this is very bullish in my opinion. I.o.w we closed almost at the top of the week. My future weekly pivot at 1.21655 ish certainly a magnetic draw line for retraces and I will monitor price action around this area for buy entries. My monthly res[/highlight]...
And so it is Folks, my monthly resistance 1 @ 1.2422
Trade well,
Cheers.
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Trade to trade another day
  • #713,992
  • Dec 13, 2022 7:59am Dec 13, 2022 7:59am
Quoting knkie
{quote} actually gonna short 2408 on M1 but only for some quick pips
Nope
-8 exit

im touching this thing
in wondering about yourself, you forgot what you came here to be part of
  • #713,993
  • Dec 13, 2022 7:59am Dec 13, 2022 7:59am
Quoting elbert3
{image} have to take note 1,min
That’s the hedge now .
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so be busy for a bit . Hope you guys caught it and hopefully play this out .
  • #713,994
  • Dec 13, 2022 8:01am Dec 13, 2022 8:01am
So, the 8th consecutive HL on dly sees a with uptrend follow-thru to a new HH (when it forms on that dly t/f,) on that U.s Cpi release...it was on the way anyway wasn't it? 111% 30day adr reached and price beyond Dly R3/Mthly R1 @ the current dly hi of 2438. Great momentum, reversal, and pullback play on the lower t/f's.

1Hr below
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Trader with an Edge.
  • #713,995
  • Dec 13, 2022 8:01am Dec 13, 2022 8:01am
Quoting Romero666706
{quote} {image}
closing this trade now
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  • #713,996
  • Dec 13, 2022 8:02am Dec 13, 2022 8:02am
Quoting knkie
{quote} actually gonna short 2408 on M1 but only for some quick pips
Joined the party in 1.2407
Don't trade what you think. Just what you see!!!
  • #713,997
  • Dec 13, 2022 8:03am Dec 13, 2022 8:03am
BLOOD in da Cable room!

No kidding y'all... This house is painted redddd
  • #713,998
  • Dec 13, 2022 8:03am Dec 13, 2022 8:03am
Quoting Romero666706
{quote} closing this trade now {image}

Nice I am going for Desert Rose
Shekh In Desert
  • #713,999
  • Dec 13, 2022 8:05am Dec 13, 2022 8:05am
Quoting dantpm
{quote} Why do you believe it will continue to go up?
It’s the type of news that makes the market all wet. A big spike up a breather then up again. However unlike last Fridays data which was good for USD this one is a dollar dump indicator. Maybe a correction for circa 50-80 pips to mid 123xx areas before FOMC tomorrow which should theoretically see more pips high.
Insane in the Brain..
  • #714,000
  • Dec 13, 2022 8:07am Dec 13, 2022 8:07am
Brokers are thieving now

Spread getting wider and wider
326 traders viewing now, 1 is registered:
PaulMahlangu