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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

All I want for Christmas if for DXY to close and HOLD above 104.80!

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...because you never know - until you do!
Quoting palpite
buy - 1.2169
take profit = 1.22730

stop loss = 1.21440
Together we can be strongest
even if you went for 10 pips per signal
you had gained 100 pips today
this strategy is really the holy grail
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Quoting palpite
buy - 1.2169
trade closed - 1.2161
Together we can be strongest
A data/central bank rate heavy week, and another sub 13wk awr week just closed, (@ 66% of that metric,) comprised of all but one sub 30day adr days. So far this month, 47% of the 6mth amr has been traveled by price, but of course this number includes the extreme volatility we saw around the Uk’s Truss/Kwarteng mini-budget-gate episode. Nothing unusual re dwindling ranges as we head into the Xmas/New Year break, and the close of what by any standards has been an extraordinary year.

The yearly candle is currently shaping up to be a bearish-bodied hammer candle so far, with less than 3 weeks to go till the year's end. Anything can happen though so we’ll see what it actually is, when it is closed.

Wkly: The signs of bullish exhaustion we saw at the end of last week on this and other lower t/f’s finally began to bear fruit, but not before a new hi @ the 61.8% fib of the longer-term 3749-0327 move. The wkly candle closed as a bearish-bodied hammer-type candle. So, starting at 0327 we have a LL, LH, HL, H, HL and what will be a HH at this week’s 2445 hi or higher, on this t/f. This HH will be above at least the last 4 x LH’s of it’s previous (or still existing?) downtrend. The t/f can therefore be said to be either at the start of a new uptrend or have a severely damaged downtrend. I think the former, or at least a period of ranging, is more probable, particularly/additionally as the HH (when it forms fractally,) will come above the 50% of the entire 4249-0327 downtrend on this t/f.
Dly: Friday’s dly candle closes as a spinning-top type candle,(?) - it'sa bearish-bodied anyways with wicks,! this after Thursday’s big bearish-thrust dly candle move away from Wed’s/the wkly 2445 hi, reversing the week's gains to that point. The steepest rising triangle on the t/f broke to the downside in Thursday’s big move down, but the t/f is still in a general uptrend with 8 consecutive HL’s (the last being 2106.) The wkly 2445 is the 3rd consecutive HH. Price at Friday’s/the wkly lo of 2119 remains above the last HL (2106) of it’s uptrend.
4Hr: This t/f may be at the start of a downtrend with the last few fractal prints (starting at the 2445 wkly hi) being a HH, L (below the last 6 x HL’s of it’s uptrend,) LH, LL, and an =LH. Maybe this or at least this uptrend is damaged. And a new downtrend or a period of ranging into Xmas may be more probable than a resumption of the uptrend to a new trend hi above the current 2445 hi? The last candle close on this t/f was v. bearish.

A data light week next week with just Uk and U.s final GDP numbers and the U.s Core PCE Price index (Fed/Fomc’s reportedly preferred inflation measure,) to come.

Wkly, Dly, 4Hr, below.
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Vincent1
We could see a retracement in the USD pairs {image}
Update

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Quoting FulMargnAlch
No more bias. Just trading what I see. BE activated whenever required. {image}
Ends good at least.
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The lack of any significant retrace since 1.03xx, looking at the most recent weekly candle and watching USD bounce off support, I think there is decent potential to visit 1.15 region.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Weekly near confirming Short on Yen pairs. USD, CHF and some already did. Now, Euro and Pound are very close.. I'm jumping on this train for sure. If I get confirmation I'll act decisively as they like to say in Japan.
Quoting trumps
The lack of any significant retrace since 1.03xx, looking at the most recent weekly candle and watching USD bounce off support, I think there is decent potential to visit 1.15 region.
Archimedes once said, “Give me a firm place to stand and a lever and I can move the Earth.” If all you could have is one piece of information regarding the forex market, all you would need is the annual high or low and which it will hit first. This could be turned into a lot of money.

So as we are ending this year and looking at 2023 I think one of the best questions we could be asking is, What will be the high or low of 2023 and which will it hit first?

My two cents prediction is that we will hit the annual low first in the area of 1.100 in the first or second quarter and then the remainder of the year the pound will climb to 1.2700 by year end and 1.360 by the second quarter of 2024.
Quoting gjgriff
{quote} Archimedes once said, “Give me a firm place to stand and a lever and I can move the Earth.” If all you could have is one piece of information regarding the forex market, all you would need is the annual high or low and which it will hit first. This could be turned into a lot of money. So as we are ending this year and looking at 2023 I think one of the best questions we could be asking is, What will be the high or low of 2023 and which will it hit first? My two cents prediction is that we will hit the annual low first in the area of...
This is a good scenario (no recession).

In case of the recession which is inevitable (in my opinion and in opinion of 90% of the economists), Pound is indeed going back to under 1.10 definitely. Recession will probably first be declared in GB, after which all of the others will follow, with US being the last. We should see this play out very soon. Japanese Yen is a great indicator to how close the market thinks recession is. If they think it's near, Yen will wipe out the field. Small inflation still and still negative interest rates. I think the market will soon recognize what potential there is behind Yen and will start Buying the shit out of the Yen.

As always, we'll see.. but I don't expect seeing Pound above 1.15 in the next year after it drops below it. For 2024 God knows..

Look, there are talks about the recession already.. what do you think market does if rumours have started to spread? They act on it before it happens! Buy the rumour, Sell the fact right? This will be the most interesting year trading-wise..

And look, noone knows what will happen when Fed actually pivots and declares defeat against Inflation which is what top economists expect to see.
What will happen to the USD will be amazingly interesting once Fed is done and loses all of the credibility that is left.
Quoting gjgriff
{quote} Archimedes once said, “Give me a firm place to stand and a lever and I can move the Earth.” If all you could have is one piece of information regarding the forex market, all you would need is the annual high or low and which it will hit first. This could be turned into a lot of money. So as we are ending this year and looking at 2023 I think one of the best questions we could be asking is, What will be the high or low of 2023 and which will it hit first? My two cents prediction is that we will hit the annual low first in the area of...
Sorry but your point is irrelevant as none of us ever know when the hi or lo of the year will be and which will be printed first. Re your own prediction - unless you are willing to back it up with money placed on it , which I don't think anyone would recommend, then that too is worthless. We don't even know what the first 5mins of the new trading week will see let alone what the Hi or Lo of next year will be, or when it will be printed.

Just as a further general point, why even bother with useless predictions? You don't have to know what price is going to do next to make money from trading, which is just as well, as none of us do.

Ps: I'm guessing your '2 cents' prediction isnt based on extensive fundie analysis because of the way you described it.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting Headland
{quote} Sorry but your point is irrelevant as none of us ever know when the hi or lo of the year will be and which will be printed first. Re your own prediction - unless you are willing to back it up with money placed on it , which I don't think anyone would recommend, then that too is worthless. We don't even know what the first 5mins of the new trading week will see let alone what the Hi or Lo of next year will be, or when it will be printed. Just as a further general point, why even bother with useless predictions? You don't have to know what...
DAMN Headland chillout
Lou Vincii Code
Quoting gjgriff
{quote} Archimedes once said, “Give me a firm place to stand and a lever and I can move the Earth.” If all you could have is one piece of information regarding the forex market, all you would need is the annual high or low and which it will hit first. This could be turned into a lot of money. So as we are ending this year and looking at 2023 I think one of the best questions we could be asking is, What will be the high or low of 2023 and which will it hit first? My two cents prediction is that we will hit the annual low first in the area of 1.100...
Please please support your prediction
Lou Vincii Code
I analyzed all the pairs throughout, and I see that the biggest opportunity is in buying aud/usd next week.

this rise would mean 100 pips.

IMHO.
2022 measurements for 2023 levels.
range= 3400 pips
1/8= 425 pips

current trend is strong, until it show weakness, pullback for HL (higher low) should be within 2/8's (+/- 850 pips)

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cheers,
"the public is not yet ready for it" W.D. GANN
already a 35 pip gap down..
Quoting shay14
already a 35 pip gap down..
Where did you see this?
Quoting Moty
even if you went for 10 pips per signal you had gained 100 pips today this strategy is really the holy grail {image}
until it’s not
Trade what you see not what you think.
trend is up..looking to go long.
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