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Cable Update (GBPUSD)

  • #714,481
  • Dec 14, 2022 2:49pm Dec 14, 2022 2:49pm
Quoting Pat Chiko
{quote} Good to know Kenya produce lot of great people, like Ivana, Obama, Rishi and many Kenyan runners who dominate marathons worldwide from Rift Valley. Looking forward to visit Kenya next year in winter. Is there any snow in Kenya ?
maybe up Mount Kenya lol.
Insane in the Brain..
  • #714,482
  • Dec 14, 2022 2:53pm Dec 14, 2022 2:53pm
Quoting BeeTogether
{quote} maybe up Mount Kenya lol.
I think that's where Kenyan Maraton Runner trained. They get better by training and live in a high-altitude area...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #714,483
  • Dec 14, 2022 3:06pm Dec 14, 2022 3:06pm
Same day as cable BALANCE UP DOWN…. Atleast closed the day with profit
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Extreme gut feeling trader
  • #714,484
  • Dec 14, 2022 3:07pm Dec 14, 2022 3:07pm
What in the world was that...
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I have no clue where it's going
  • #714,485
  • Dec 14, 2022 3:14pm Dec 14, 2022 3:14pm
Seema Shah, chief global strategist at Principal Asset Management:

“The Fed still remains coy about the possibility of recession, but with most Fed officials considering risks to be tilted to the downside, it’s fair to say they are far more worried about the economic outlook than they are willing to admit. This should mark the death knell for the most recent bear market rally. Policy rates have already risen 425 bps this year alone, have further to rise, and will not fall next year – and all this information to digest before the inevitable economic recession sets in.”

Is tommorow finally the day this ride up is over? Let's see those rates hikes reactions.. ECB, BOE and SNB. I predict they'll all fall tommorow..
  • #714,486
  • Dec 14, 2022 3:19pm Dec 14, 2022 3:19pm
Quoting TheWolf
Seema Shah, chief global strategist at Principal Asset Management: “The Fed still remains coy about the possibility of recession, but with most Fed officials considering risks to be tilted to the downside, it’s fair to say they are far more worried about the economic outlook than they are willing to admit. This should mark the death knell for the most recent bear market rally. Policy rates have already risen 425 bps this year alone, have further to rise, and will not fall next year – and all this information to digest before the inevitable economic...
if rates are not going down anytime soon the USDX should be going up but is going the other way…

tomorrow it’s BoE time potentially 125 on cards
Insane in the Brain..
  • #714,487
  • Dec 14, 2022 3:22pm Dec 14, 2022 3:22pm
Quoting BeeTogether
{quote} if rates are not going down anytime soon the USDX should be going up but is going the other way… tomorrow it’s BoE time potentially 125 on cards
Rising rates would drive the USDX up unless the US rate is out of step with other global rates. If the global rates are out of step, than currency exchange rates are supposed to be the balancing mechanism.
  • #714,488
  • Dec 14, 2022 3:28pm Dec 14, 2022 3:28pm
Dot plot is above market expectations, Powell is hawkish, and yet dollar is lower, and stocks not bothered too much.
This definitely looks like a short squeeze to me, and the money maker may want to extend the rally to at least 1.25 tomorrow (I guess there are stops above 1.245, and more stops above 1.25) before MPC. The UK economy is struggling mightily, and I expect Bailey to be dovish.
  • #714,489
  • Dec 14, 2022 3:28pm Dec 14, 2022 3:28pm
Quoting BeeTogether
{quote} if rates are not going down anytime soon the USDX should be going up but is going the other way… tomorrow it’s BoE time potentially 125 on cards
Either 1.25 or this rally is over.. finally. Look at GBP/CAD.. it has to end and tommorow is the perfect chance to give a GOOD retracement to these Weekly Candles..
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  • #714,490
  • Dec 14, 2022 3:35pm Dec 14, 2022 3:35pm
Damn. I fell asleep. lol

Price is king indeed.

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The market hides a perfect geometry.
  • #714,491
  • Dec 14, 2022 3:35pm Dec 14, 2022 3:35pm
Quoting Pat Chiko
{quote} Looking at PA, she want to spike up for LQ.{image} Just put SL in case you are shorting.
Yes, i know. But i want to see the wave B of the chart weekly.

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Together we can be strongest
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  • #714,492
  • Dec 14, 2022 3:37pm Dec 14, 2022 3:37pm
Quoting palpite
{quote} Yes, i know. But i want to see the wave B of the chart weekly. {image}
B has to come, but for C I'm not so sure of.
I don't see the fundamental reason for C anymore..
  • #714,493
  • Dec 14, 2022 3:41pm Dec 14, 2022 3:41pm
Also for trend I look at Monthly for identifying THE TREND. It's Down.
  • #714,494
  • Dec 14, 2022 4:22pm Dec 14, 2022 4:22pm
Loadshedding messing up my trading plans
Lou Vincii Code
  • #714,495
  • Edited 6:38pm Dec 14, 2022 6:09pm | Edited 6:38pm
Quoting TheWolf
{quote} Either 1.25 or this rally is over.. finally. Look at GBP/CAD.. it has to end and tommorow is the perfect chance to give a GOOD retracement to these Weekly Candles.. {image}
Big sell limit waiting at H4 RSF level (missing puzzle level).

If passed, long for 1.2620 (ABCD 1.618)

Morning and green pip to all

P/s: yesterday a lot of trader calling for short... Yet price make new high...
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Peace Yo!
  • #714,496
  • Dec 14, 2022 6:55pm Dec 14, 2022 6:55pm
Quoting fxpider
the market is doing GOBBLEDYGOOK in a 50 pips box since the ASIA open. Sitting a side can be a winning strategy.
That 50 pips box expanded into a 100 pips box by the same GOBBLEDYGOOK PA. Still an inside day. Even the big red news could not take out Tuesday's high. Are they loading shorts here? If that's the case, they might poke the high (last push) before taking the price down. They have two days left to orchestrate that down move of almost 250+ pips.

Just a possibility. IMO
Success = Practice + Patience + Persistence
  • #714,497
  • Dec 14, 2022 7:04pm Dec 14, 2022 7:04pm
Scalping some cause I missed the train earlier due to sleepiness.

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The market hides a perfect geometry.
  • #714,498
  • Dec 14, 2022 8:17pm Dec 14, 2022 8:17pm
Quoting FulMargnAlch
Scalping some cause I missed the train earlier due to sleepiness. {image}
Hope I get lucky to hit that TP.
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The market hides a perfect geometry.
  • #714,499
  • Dec 14, 2022 8:47pm Dec 14, 2022 8:47pm
Quoting RemyLou
Loadshedding messing up my trading plans
You can say that again, I had to stop trading like before and only start taking mid to long-term trades and all thanks to this bloody loadshedding.
Plan your trades and trade your plan.
  • #714,500
  • Dec 14, 2022 8:54pm Dec 14, 2022 8:54pm
Try long 1.2390 SL 1.2360
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