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Cable Update (GBPUSD)

  • #717,841
  • Jan 4, 2023 8:09am Jan 4, 2023 8:09am
it looks [short]
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Trendlines H1,H4, SMC
  • #717,842
  • Jan 4, 2023 8:12am Jan 4, 2023 8:12am
Quoting JayBag
{quote} What could MM be selling?
I don't know what FOMC will cause. But will hold my longs. At least till 1,2100-1,2125.
  • #717,843
  • Jan 4, 2023 8:14am Jan 4, 2023 8:14am
sell - 1.2040

stop loss - 1.2060
Together we can be strongest
Vantage Return This Month: -97.0%
  • #717,844
  • Jan 4, 2023 8:16am Jan 4, 2023 8:16am
Quoting BrainBucks
{quote} J/J abi Oya nau jaguda dey game Who wan carry last
No shaking lol.. I go drop you PM when I ready start be that.
  • #717,845
  • Jan 4, 2023 8:18am Jan 4, 2023 8:18am
Quoting bigiivan
{quote} I don't know what FOMC will cause. But will hold my longs. At least till 1,2100-1,2125.
I am with you on that. I was just thinking about that not long ago.
Let's see how they play it.

I'm inclined to stick with LONGS, just like you and many others on here.
  • #717,846
  • Jan 4, 2023 8:25am Jan 4, 2023 8:25am
Quoting Coreg2004
{quote} mysterio, here is no guesstimation but pure science Min for wave C was made @1.2088 but I would like to see AB=CD be reached that cluster with 38.2% ret. of the entire drop @1.2109. I'm 30-60 pip guy so I swing on 5M chart back and forth. {image}
Coreg2004, my friend. Great work. As you know, I don't post anymore, but thought I'd pop in to wish everyone here a prosperous new year! With detailed analysis like that, you will give our old friend Ata-Turkoglu chest pains back in the EURUSD forum . He should seriously consider changing his footnote to:

My mommy says you can't play with me anymore, because you disagree with my analysis .

Cheers All, have a good one!!!
Guztro
Charts don't drive price, market conditions drive price...
  • #717,847
  • Jan 4, 2023 8:26am Jan 4, 2023 8:26am
Quoting palpite
sell - 1.2040 stop loss - 1.2060
trade closed - 1.2023
Together we can be strongest
Vantage Return This Month: -97.0%
  • #717,848
  • Jan 4, 2023 8:34am Jan 4, 2023 8:34am
My guess as to who is in the photo:
Kim Yo-jong
  • #717,849
  • Jan 4, 2023 8:41am Jan 4, 2023 8:41am
Longs now.
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How to succeed in zero sum game?
  • #717,850
  • Jan 4, 2023 8:44am Jan 4, 2023 8:44am
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Well done, Mate. Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #717,851
  • Jan 4, 2023 8:45am Jan 4, 2023 8:45am
again down
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Trendlines H1,H4, SMC
  • #717,852
  • Jan 4, 2023 8:46am Jan 4, 2023 8:46am
Quoting Pat Chiko
{quote} GU Common GU, push it up to liquid........until FOMC MoM.....{image}
GU

MM managed to push down price on news/data re;lease
Bullish bias on H4.

The initial set up for long based on RSF, but MM managed o push price down to lower range box.
This will take out LQ below.

Add position on averaging down method, as bullish biase remains as price has broken YH ( by few pips)
During London there is momentum candle signaling strong GBP on intraday basis.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,853
  • Jan 4, 2023 8:46am Jan 4, 2023 8:46am
2019/20 seems to be support for now.

THis should take the price to 2100
Intraday only.
  • #717,854
  • Jan 4, 2023 8:50am Jan 4, 2023 8:50am
Support - MA200 - M5 ( smoothed )

Resistence - MA200 - H1 ( smoothed )
Together we can be strongest
Vantage Return This Month: -97.0%
  • #717,855
  • Jan 4, 2023 8:52am Jan 4, 2023 8:52am
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yes yes yes
  • #717,856
  • Jan 4, 2023 8:53am Jan 4, 2023 8:53am
Quoting Guztro
{quote} Coreg2004, my friend. Great work. As you know, I don't post anymore, but thought I'd pop in to wish everyone here a prosperous new year! With detailed analysis like that, you will give our old friend Ata-Turkoglu chest pains back in the EURUSD forum . He should seriously consider changing his footnote to: My mommy says you can't play with me anymore, because you disagree with my analysis . Cheers All, have a good one!!!...
Guztro, stay with us, we have a room for every misfit . No El Duce here, we govern ourselves at a quite decent level. Thanks for dropping by and wishes.
Always trade your own plan...I don't provide trading signals.
  • #717,857
  • Jan 4, 2023 8:55am Jan 4, 2023 8:55am
Quoting TheWolf
IF I HAD TO TRADE, AND I DON'T, I WOULD GO LONG USD, YET AGAIN! Let's see.. Is USD still the King or the King of garbage? Hahahahah LOOK AT THIS 15M Candle crap.. oh man.. it suggests you should Buy Pound ASAP before the train reached ultimate speed.. OR is it a trap? Hiihihi... So tempted to go Long on USD.. (USD/JPY).. but no!
Nice Me too,
FED Minutes May move USDX into 104.50
all i care about is Holding 103.00
if it holds Then 105.30 then 107 is very much Possible,

as this Year Began Wells Fargo Released some of its Institutional Research Data for their Investors.... READ It Carefully,

As for the Fed minutes, Martin Wolf at the FT is not to be sneezed at. The FT forecast issue has this from Wolf in answer to the question ‘Will the Fed start to cut interest rates?”
“No. The market expects the Federal Funds rate to peak at 4.9 per cent in the first half of 2023 and then fall to 4.7 per cent in September and 4.4 per cent in December. But the great majority of members of the Open Market Committee believe the rate will end 2023 at 5 per cent, or more. This latter forecast will prove correct. As Fed chair Jay Powell warned in November, “History cautions strongly against prematurely loosening policy. We will stay the course until the job is done.” The Fed does not wish to repeat its mistake of complacency.”
.
the Fed is a weird institution, both public and private, with a wide menu of obligations, including regulatory (which it sort of failed in the case of the 2008-09 housing bust, although auditing ratings agencies is not in its purview). The Fed has aroused vast negative sentiment at various times and shuns the spotlight for good cause. The only place you could see real Fed intervention actively and consistently at work was managing short-term liquidity out of the New York Fed.
.
.
After all, the Fed used to act in secret and during the 1970’s, we had to guess what the FOMC had decided by looking at data–the Fed did not announce its rate changes until 1994. We started getting forecasts only in 1998 and the dot plots only in 2012. The point is that secrecy gave way to transparency but also revealed that economists are lousy forecasters.
.
.
Stay Tuned for Part 2....
Don't compare your Trades with Others
  • #717,858
  • Jan 4, 2023 9:02am Jan 4, 2023 9:02am
GBPUSD sentiment changing... Be careful.. maybe we'll go up again soon. 50/50 so far....

SF
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  • #717,859
  • Jan 4, 2023 9:04am Jan 4, 2023 9:04am
Quoting Pat Chiko
{quote} GU MM managed to push down price on news/data re;lease Bullish bias on H4. The initial set up for long based on RSF, but MM managed o push price down to lower range box. This will take out LQ below. Add position on averaging down method, as bullish biase remains as price has broken YH ( by few pips) During London there is momentum candle signaling strong GBP on intraday basis.{image}

GU

To :
tooslow

try this, can you enlarge it ?.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,860
  • Jan 4, 2023 9:04am Jan 4, 2023 9:04am
Quoting Wavegarrick
Gu latest swing low at 1.19000 to swing high at 1.20565 ish a decent area to look for a buy trade at the 61.8% fib retrace at 1.19595 or just above towards the 50% fib retrace. Cheers
The above trade at 1.19595 turning out good Folks. Here's the thing. We are at a yearly pivotal point with my yearly pivot at 1.2055. A strong break up or down will determine direction for the first quarter of this year. Having said, liquidity is thin and will remain so until February 2023. Moves will be used to trap either buyers or sellers. I speak from experience as I have lost most of my trading accounts in this period in the past. Because of thin liquidity you could find wild spikes up or down with big pip values, and the notion of mental s/losses can easily become a very bad experience leaving you in a trapped position for the rest of the year. My advice is to lock your position in as quick as possible and if you are a longer term trader you could be in for a good reward if your trade survives. Either way, don't be hasty as chances will arise.
Have a great week.
Cheers.
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Gibril, my trades are doing just fine, thank you and I am not trapped in buy trades. A word of advice, never count your chickens before they hatch, and at the expense of discrediting another trader.
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