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Cable Update (GBPUSD)

  • #714,501
  • Dec 14, 2022 8:58pm Dec 14, 2022 8:58pm
Quoting ToSatisfy
{quote} I Didnt Buy on that Dip I had fallen asleep on the couch Damn Target is 1.24910 for now

Damn I had fallen asleep on that very anticipated fomc
I would have bought that dip and wrapped up the story of 90 - 100 pips TP

Now I am still after it. Nice weather actually not the trading skill
I am in with Sell @ 1.24000 Target around 90 - 100 pips shown in screenshot

This could fall deep now
USDJPY turning up USDCAD turning up GBPUSD turning down
But there is CB of GBP tonight so have to be weary

Screenshot

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB

Timeframe M30
Shekh In Desert
  • #714,502
  • Dec 14, 2022 9:05pm Dec 14, 2022 9:05pm
Quoting LifeRider
What in the world was that... {image}
FED's GAME of Hammer...
Today will be BOE and ECB but they are not Good Players..
Don't compare your Trades with Others
  • #714,503
  • Dec 14, 2022 9:43pm Dec 14, 2022 9:43pm
staying out of GU. price is looking wonky. may try UC
be a thinker before being a reacter
  • #714,504
  • Dec 14, 2022 10:03pm Dec 14, 2022 10:03pm
Crooky mf
Last Friday they did it to me like yesterday
On friday they wipe my account after being with big profit
Yesterday I survived
Now i am sailing with nice profit
I wish one time to be on the the right side and for price going in my favor and staying there for the rest of the day
But it usually revarse dramatically against me
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20221215_055445.jpg Size: 509 KB
yes yes yes
  • #714,505
  • Dec 14, 2022 10:06pm Dec 14, 2022 10:06pm
So far looks good. Just got lucky with PA. I am trading the M30, but since price is fractal and I missed the trade yesterday, I am compensating in M1.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
The market hides a perfect geometry.
  • #714,506
  • Dec 14, 2022 10:16pm Dec 14, 2022 10:16pm
الرمال

Ramal - Shekhs Desert

https://mega.nz/file/5gITRDyJ#DaxwXF...LpivnFoBQEYSBM
Shekh In Desert
  • #714,507
  • Dec 14, 2022 10:34pm Dec 14, 2022 10:34pm
good morning all
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 22 KB
  • #714,508
  • Dec 14, 2022 10:45pm Dec 14, 2022 10:45pm
Quoting BeeTogether
{quote} My mums home country! Love it there {image}
Good warning
  • #714,509
  • Dec 14, 2022 11:06pm Dec 14, 2022 11:06pm
Quoting suhas316
Cable..... I do not try to predict where market will go..I am not good in that I am bullish above 1.23 and will try to see where I can enter for long and I will go short below 1.21500 or when the trend line breaks Let's see... {image}
Cable..... Bullish in my view.... right now
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
!! Radha Radha !!
  • #714,510
  • Dec 14, 2022 11:06pm Dec 14, 2022 11:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY(M15)_2022.12.15_140113.gif Size: 34 KB

The dollar-yen withered once, but then rose again.
  • #714,511
  • Dec 14, 2022 11:22pm Dec 14, 2022 11:22pm
Quoting palpite
{quote} Yes, i know. But i want to see the wave B of the chart weekly. {image}
Brilliant ........

Thanks for sharing your view.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #714,512
  • Dec 14, 2022 11:23pm Dec 14, 2022 11:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-12-15 at 10-52-49 Business News - BBC News.png Size: 44 KB
  • #714,513
  • Dec 14, 2022 11:24pm Dec 14, 2022 11:24pm
Quoting FulMargnAlch
So far looks good. Just got lucky with PA. I am trading the M30, but since price is fractal and I missed the trade yesterday, I am compensating in M1. {image}
TP for now, let us see what LO has to offer.
The market hides a perfect geometry.
  • #714,514
  • Dec 14, 2022 11:28pm Dec 14, 2022 11:28pm
Quoting Moty
Crooky mf Last Friday they did it to me like yesterday On friday they wipe my account after being with big profit Yesterday I survived Now i am sailing with nice profit I wish one time to be on the the right side and for price going in my favor and staying there for the rest of the day But it usually revarse dramatically against me {image}
Why complaint?
you switching strategy to trade for which is show you what you want.
over leverage with small capital,
want to double your account or triple or even more at single trade.
no stoploss, no cut loss, and always full margin bet on single trade.
PA Return Today: 0.3%
  • #714,515
  • Dec 14, 2022 11:29pm Dec 14, 2022 11:29pm
Super Thursday!
BOE and ECB

So far BOE hike=GBP down. With UK GDP +ve, will we see another fall in GBP on the rate release?
No, that sure, I think we might get a surprise to 75bps, or 50bps with divided vote: 6- 50bps, 1- 75bps, 2-25bps

CPI was down from 11.1% to 10.7%; now the question is: does the CPI really tops out?
Hard to say, since we need at least 3 consecutive <consensus figures print to say a change in trend.
But way far from 2% target.
More time in the market, does not mean you trade better!
  • #714,516
  • Dec 14, 2022 11:34pm Dec 14, 2022 11:34pm
Quoting Fardeen1209
Super Thursday! BOE and ECB So far BOE hike=GBP down. With UK GDP +ve, will we see another fall in GBP on the rate release? No, that sure, I think we might get a surprise to 75bps, or 50bps with divided vote: 6- 50bps, 1- 75bps, 2-25bps CPI was down from 11.1% to 10.7%; now the question is: does the CPI really tops out? Hard to say, since we need at least 3 consecutive <consensus figures print to say a change in trend. But way far from 2% target.
They also might just follow the US lead.
  • #714,517
  • Dec 14, 2022 11:42pm Dec 14, 2022 11:42pm
It looks like it will correct from 1.24 and then rise to the 1.275 area (61.8% Fibo).
  • #714,518
  • Dec 14, 2022 11:44pm Dec 14, 2022 11:44pm
Quoting dantpm
{quote} They also might just follow the US lead.
Well, UK interest rate is currently at 3% while US rate now sits at 4.5%, thats 150bps difference but with UK CPI rate > US, i dont think it will be a good idea for BOE to follow FED,.
The BOE's objective is not to race with other CBs but to solve its economic problem (which is price stability) and achieve its target (CPI at 2%- where the actual figure is far from the target).
The 50bps forecast was before the positive GDP. Now they can hike by 75bps, so tomorrow when problems occur due to overtightening, they can blame the GDP figures and not take responsibility for their action.
More time in the market, does not mean you trade better!
  • #714,519
  • Dec 14, 2022 11:48pm Dec 14, 2022 11:48pm
Quoting DubaiFX
{quote} Thanks, it may test highs again and may go up also just to get retail traders to BUY and then drop the HAMMER this what Big boys do, lke Yellen Just DID, ts now weird its what they do, that is how they make their money from hitting Retail Traders Stop loss, Remember its Zero Sum Game, that means Someone's LOSS is your Profit, Don't let your LOSS be Someone else PROFIT. Just survive
.
I was not Wrong it hit new high but came Down to 1.2380 as of now I am Sure many of you Bought for
1.25 amd how many retail traders stop loss you think got hit with this 50 pips move down?? Because most traders,use 50 pips as usual stop loss.
as I said before Big Boys Plays long the Game and they are good at it.

think for a Second about the past..
BOE have surprised the market in the past many times.
If 50 BP hike can,in we will see a,nice drop in Pound
But they Could Surprise the market with 75BP hike which will take Pound to 1.2550 for sure.
But remember Christmas is Coming which is $ Positive for short term at least.
And Holidays coming and thin Liquidity we may see Some strange moves in most major pairs specially YEN and Pound.

to me Selling pound is the way to go for now Atleast. pecially GBPCAD and GBPNZD.
I am just putting sell limit 1.9330 for gbpnzd just in case for 100 pips target back to 1.9230
For Pound CAD look at weekly chart going up for long time.
It maybe time for a Pullback of at least 200 pips.
Just my 2 Cents.
Be careful its Super Thursday for Pound.
Don't compare your Trades with Others
  • #714,520
  • Dec 14, 2022 11:49pm Dec 14, 2022 11:49pm
Quoting Fardeen1209
{quote} Well, UK interest rate is currently at 3% while US rate now sits at 4.5%, thats 150bps difference but with UK CPI rate > US, i dont think it will be a good idea for BOE to follow FED,. The BOE's objective is not to race with other CBs but to solve its economic problem (which is price stability) and achieve its target (CPI at 2%- where the actual figure is far from the target). The 50bps forecast was before the positive GDP. Now they can hike by 75bps, so tomorrow when problems occur due to overtightening, they can blame the GDP figures and...
Very good points but to date the UK has considered the economic hardship of rate increases, energy costs and so on factors which the US had ignored.
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