Cable Update (GBPUSD)

nice reversal

Nothing is 100% guaranteed in Forex, all we can do is project, and trade what we see.

Good luck.
Guy

DXY new low.Seems to 102. GU up?

My advice to everyone is not to trade what they see, but simply take the opposite side of me.

I like your chart

Ok last trade this session

Sold 1.2229 SL 1.2249

1.22300 added to my short

Hello Guys,

Here Is Something to Think about, First of all i am Waiting for Bulls to Get Tired i am looking at 1.2260 of course opened 1.2220 just in case,
but my Main Focus s 1.2260 IF and When it will reach there we will hopefully see a Nice Drop in Pound,
According to Order Book From Dukascopy Bank a lot of Sell orders are Placed Between 1.2260-70
it will be Hard for Pound to Cross that Specially today the Fear of Tomorrow News will Keep Pound Under Pressure,
even when USD Index shows it might reverse to test the lows again maybe the last time before Bulls will take it to 103.
101.60 will be good to Sell Which ever pair you Decide Specially EURO and CAD buying USDCAD maybe Better Option. then SElling EURUSD but i'm Staying with EURUSD sell..
and Dont forget EURO a lot of News Specially Italy, France Malta etc..
they are not DOing well Inflation is Down on all these Countries..



"A satisfied life is better than a successful life. Because our success is measured by others, but our satisfaction is measured by our own soul, mind and heart."

I copy your trade in moment after she hit the QM zone.
Waiting for QM gtting filled. I go smoke first.

12230 a new resistance area! WTF!

OMFG...Just pick a F*&kin direction

i mean cable low.. dxy new high

LOL. I don't know what you be smokin', man, but sumpun got yo vision discombobulated.

Look here. The green vertical is the last swing low on M30 YESTERDAY. After that, did the down move of that day end? No, it did not. The lowest low of the day was indeed prior to that last swing low, but there is no EVIDENCE that the day's down move is ended. What is shown is that the day's down move has POTENTIALLY ended. But with not a single higher high in sight after the day's lowest low, all you have is INSIDE movement (consolidation, whatever) between the two dashed blue horizontal lines. The evidence is that the move has stalled, but no evidence that it has ended. You can see by the red trend lines that even going into today, no higher high was made before lower lows were made, so yesterday's down move CONTINUED into today!

On another note about logic, my statement that it is impossible for M30 to end a move if M15 has not ended the same move is simply a matter of FACT. No larger TF can EVER end a move before EVERY TF that is smaller has ended that move, because EVERY TF smaller than the larger TF is a zoomed-in view of what is BUILDING the larger TF. If the smaller guys don't show show that they finished building their part, then it it IMPOSSIBLE for the largest guy to show that his part is finished.

Dxy going up and cable still holding ground….

Closed all trades with small +. PA doesn't look optimal at this minor structure, will return at NY.

No, I did not lose any money, real or virtual. I finished all of my selling with 100% wins before noon, GMT.

Lets Talk about Japan and USA,

This is a week you can go mad trying to absorb and understand so much data.
It seems improbable, but Japan is front and center. Japan reports CPI on Friday, but before then, we get the Bank of Japan updated economic forecasts and any fresh changes to the monetary policy regime on Wednesday. The WSJ reports “The 10-year JGB yield could rise as high as 1% if the BOJ abandons yield curve control this week, according to estimates by Daiwa Securities strategist Eiichiro Tani. But he said the yield would likely decline toward the latter half of 2023 owing to the slowing economy and declines in global interest rates.”
Adding to the sense of crisis, Reuters reports there are rumors of a BoJ emergency meeting today “as it struggles to defend its new yield ceiling in the face of massive selling, sending the dollar to a seven-month low.”
.

We say abandoning curve control would be out of character for the BoJ after it modified it only a few weeks ago. Allowing a giant move from 25 bp to 1% in under a month is too wild for any central bank, let alone the staid BoJ. So, abandonment is almost certainly out of the question, but that doesn’t mean the market will not be expecting it and testing prices, forcing the bank to buy more bonds. We expect a whole lot of backroom arm twisting.
Reuters reports the pressure is already on full-bore. “… speculation is rife [the BoJ] will make changes to its yield curve control (YCC) policy given the market has pushed 10-year yields above its new ceiling of 0.5%. The BOJ bought almost 5 trillion yen ($39.12 billion) of bonds on Friday in its largest daily operation on record, yet 10-year yields still ended the session up at 0.51%. Early on Monday, the bank offered to buy another 1.3 trillion yen of JGBs, but the yield stuck at 0.51%.
"’There is still some possibility that market pressure will force the BOJ to further adjust or exit the YCC,’ JPMorgan analysts said in a note. ‘We can't ignore this possibility, but at this stage we do not consider it a main scenario.’"
In other words, Japan and its central bank would no doubt prefer to appear dignified and in control
.


"Try to learn Something about Everything and Everything about Something"---Thomas Huskley

Gold Traders Be Very Careful,

Sentiment of Past 24 Hours looks like somewhere someone is Dumping Heavily,
Don't know the Reason, will have to wait to Find out..

But Trust me Buyers will Be Surprised how fast it can make it to 1895 Support...

"Common Sense is not a Gift it's a Punishment, Because you have to Deal with everyone Who Doesn't have it"

at M1 using m15 HL - LH Breaks gave scalping opportunities today as well.