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Cable Update (GBPUSD)

  • #714,541
  • Dec 15, 2022 2:03am Dec 15, 2022 2:03am
Quoting cchin
It's been a while since I last posted on this thread. Cable may hit a ceiling for now. I had earlier long this pair, both for a short period (massively, from 1.11 to 1.17-ish), and also long term (1.068 on the way up, trades still open). It's getting a bit risky now to long this pair, or any pair on GBP-crosses. That's just my view. Now, I've been more inclined to short the Pound, particularly against far east currencies, notably the yen. I had open this trade set up a while ago, here,...
it may be peak of this month 1.244x-6x
  • #714,542
  • Dec 15, 2022 2:08am Dec 15, 2022 2:08am
Quoting dantpm
{quote} There are several ways that the BOE could boost GU. Rates and treasuries are the most common. What bank rate are you suggesting? What statements are you expecting?
I'm expecting
50bps with at least 3 vote to 75bps
or
A 75bps hike.

I don't trade statement, it becomes too volatile on every phrase the Bank's Governor speak
More time in the market, does not mean you trade better!
  • #714,543
  • Dec 15, 2022 2:18am Dec 15, 2022 2:18am
Essentially since the market opened yesterday, USDX has been rising, GU and EU falling.
Is this because of the US rate decision, the expectation of the GU/EU rate decisions or yesterdays market reaction in front of and behind the US rate decision?
  • #714,544
  • Dec 15, 2022 2:20am Dec 15, 2022 2:20am
it's go time
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yes yes yes
  • #714,545
  • Edited 3:27am Dec 15, 2022 2:26am | Edited 3:27am
Quoting TheWolf
Also for trend I look at Monthly for identifying THE TREND. It's Down.


As I have said many times, when a retracement occurs on a rather big TF such as the Weekly, there will be many opportunities to day trade the direction of the retracement, despite the higher TF's controlling direction. If you were looking at small TFs such as M15 and trying to trade retracements of that, then you have to scale down. And this becomes for most people high-stress scalping.
To free Gazans of Hamas, use whatever it takes.
  • #714,546
  • Dec 15, 2022 2:33am Dec 15, 2022 2:33am
Long GU 1.2356

for new high, drop later.

no time for chart.
  • #714,547
  • Dec 15, 2022 2:35am Dec 15, 2022 2:35am
Good morning, folks,

Looking at GU for today, I am thinking of buying during the London session. I don't trust the bear's move since Daily TF is saying something else.

Anyway, I thrive on speculation. So, let's see
Take Care
  • #714,548
  • Dec 15, 2022 2:37am Dec 15, 2022 2:37am
Quoting Whale
Long GU 1.2356 for new high, drop later. no time for chart.
I will be joining you bro.
No signal for me yet though..
  • #714,549
  • Dec 15, 2022 2:37am Dec 15, 2022 2:37am
GU SHORT

TP at the green zone on the chart 1.22771
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My telegram: https://t.me/avidforex
  • #714,550
  • Dec 15, 2022 2:38am Dec 15, 2022 2:38am
Quoting JayBag
Good morning, folks, Looking at GU for today, I am thinking of buying during the London session. I don't trust the bear's move since Daily TF is saying something else. Anyway, I thrive on speculation. So, let's see Take Care
Morning jay . This is my contribution today my short is still ongoing on the 4 hour . Have we got a dt ? Let’s see .regards E
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  • #714,551
  • Dec 15, 2022 2:42am Dec 15, 2022 2:42am
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day chart with a second tl below . That’s if it breaks the first one . Continue long first target 2475/2515 short target 2025
  • #714,552
  • Dec 15, 2022 2:43am Dec 15, 2022 2:43am
Quoting elbert3
{quote} Morning jay . This is my contribution today my short is still ongoing on the 4 hour . Have we got a dt ? Let’s see .regards E{image}
Hey Elbert, I noticed the DT on a couple of TF. However, I feel like MM might want to retest the DT again or even break through it since a lot of us may have sold into it.

That being said, I have no idea if I will get my buy signal today or not.
It would be interesting to see how things go.

Cheers and Happy Holidays!
  • #714,553
  • Dec 15, 2022 2:47am Dec 15, 2022 2:47am
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
As I said before its Hammer time.
1.2260 is Possible Today.
But I am out +65 was Enough to me.
I will wait for Retracement 1.2380 Looks Good to sell again.
Don't compare your Trades with Others
  • #714,554
  • Dec 15, 2022 2:48am Dec 15, 2022 2:48am
I take over for a moment Motys Part: Gap closing at GBP/USD.... aim: low 1.2290's. Correct me if I'm wrong.
  • #714,555
  • Dec 15, 2022 2:51am Dec 15, 2022 2:51am
Waiting for edges to strike.

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The market hides a perfect geometry.
  • #714,556
  • Dec 15, 2022 2:54am Dec 15, 2022 2:54am
Gap Fill from CPI Tuesday 13th Dec (now my Oanda Data feed shows no Gap, but MY FF does ).


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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.6%
  • #714,557
  • Dec 15, 2022 2:54am Dec 15, 2022 2:54am
Price inside the Daily FVG strong level should start to move north
  • #714,558
  • Dec 15, 2022 3:00am Dec 15, 2022 3:00am
Quoting JayBag
{quote} Hey Elbert, I noticed the DT on a couple of TF. However, I feel like MM might want to retest the DT again or even break through it since a lot of us may have sold into it. That being said, I have no idea if I will get my buy signal today or not. It would be interesting to see how things go. Cheers and Happy Holidays!
Good luck buddy and happy hols to you too . It’s going to be busy today . Let’s see if Santa can fill his big sack with pips lol
  • #714,559
  • Dec 15, 2022 3:06am Dec 15, 2022 3:06am
Quoting Moty
{quote} I am aiming for 1.23150 today adr low viva la France,i bet 50 $ that they will win , odd 1.600 easy 30 $ profit in the making {image}
Reached
My new tp is 1.23020
yes yes yes
  • #714,560
  • Dec 15, 2022 3:07am Dec 15, 2022 3:07am
TP hit standing aside for BoE
Insane in the Brain..
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