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Cable Update (GBPUSD)

  • #728,081
  • Feb 10, 2023 8:11am Feb 10, 2023 8:11am
Quoting Mitiblotch
{quote} Out again with + few pips. Today is tricky.
very! Fridays usually give us a decent bite at both ends.
Insane in the Brain..
  • #728,082
  • Feb 10, 2023 8:13am Feb 10, 2023 8:13am
Quoting Waveskierrob
{quote} Closed SHORT 1.2107 + 10....Fish and chips for the boys at work this lunchtime....
Well that was a damn fine fish and chips, thanks GU...
  • #728,083
  • Feb 10, 2023 8:15am Feb 10, 2023 8:15am
Quoting BrainBucks
{quote} And insane is just an understatement. Wow, what a sweet zone!
i dont trade it, i dont know the pair.
  • #728,084
  • Feb 10, 2023 8:18am Feb 10, 2023 8:18am
Quoting BrainBucks
{quote} I fear a bounce, cos price is lurking at a strong RES from Jan. 3-6 And we all know about how these markets transform RES to SUPP But then again maybe it's just my chicken attitude to trading with profits running
Fear justified.
Today's low was a firm barricade from Jan. 3 to Jan. 6
If we're able to pierce through, however, the ensuing fall should be decisive!
If not, the bounce from there easily still has a few score pips to go.
  • #728,085
  • Feb 10, 2023 8:19am Feb 10, 2023 8:19am
Quoting tradexyz
{изображение} {файл}{файл} {файл}
please share the trend line indicator
  • #728,086
  • Feb 10, 2023 8:26am Feb 10, 2023 8:26am
EURCAD just 30pips shy of a 200-pip move down today. I don't know why we sometimes pay too much attention to GU and EU when the crosses can do some bloody good moves. EURCAD retraced to a broken level and took a good beating down from there. Text book case.
  • #728,087
  • Feb 10, 2023 8:26am Feb 10, 2023 8:26am
Quoting Pat Chiko
{quote} GU the first trade went underwter. N3 additional @RSF zone to averaging up Hope got some luck to cover negative position.{image}
GU

Gimme two spikes please.
One spike to neutralize the bad N3.
Second spike to target.
I hope got luck in this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 168.jpg Size: 187 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,088
  • Feb 10, 2023 8:33am Feb 10, 2023 8:33am
Quoting Waveskierrob
{quote} Other people's opinions and charts are very good at putting doubts in our minds, train yourself to block out all that noise and just stick to what you know to be right...but don't take my word for it
Thanks for your view Waveskie.

As for me, the most dedicated copy trader in this thread believe, the opinions of others can be a source of information, it is important to that their actions are a reflection of market fundamentals, but not a guarantee of future performance.

In some cases, crowd behavior can lead to irrational exuberance or panic, resulting in market bubbles and crashes.
That's where it get interesting. We need to filter good vs bad trading opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: opinion.png Size: 10 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,089
  • Feb 10, 2023 8:37am Feb 10, 2023 8:37am
What a thoroughly mediocre day.
  • #728,090
  • Feb 10, 2023 8:43am Feb 10, 2023 8:43am
Quoting Pat Chiko
{quote} Thanks for your view Waveskie. As for me, the most dedicated copy trader in this thread believe, the opinions of others can be a source of information, it is important to that their actions are a reflection of market fundamentals, but not a guarantee of future performance. In some cases, crowd behavior can lead to irrational exuberance or panic, resulting in market bubbles and crashes. That's where it get interesting. We need to filter good vs bad trading opinion. {image}
100%, on the money, you da man...
  • #728,091
  • Feb 10, 2023 8:51am Feb 10, 2023 8:51am
A guy has been fired at Goldman Sachs for making loses
I'm enjoying the wins because I was once terrified by loses
  • #728,092
  • Feb 10, 2023 8:53am Feb 10, 2023 8:53am
Market Stall ?

WHY ?
CPI Revision : Nov & Dec both revised higher ....

For those not following.
BLS (Bureau of Labor Statistics) quietly adjusted their Dec CPI this morning:
- Dec CPI revised to +0.1 pct (prev -0.1 pct)
- Dec CPI exfood/energy revised to +0.4 pct (prev +0.3 pct)
U.S. CPI revisions reflect updated seasonal adjustment factors
Attached Image (click to enlarge)
Click to Enlarge Name: cpi revision.png Size: 13 KB

Upon revision CPI actually came in above estimates last 2 months.
This is real.
If we get 0.5% MOM or higher on Tuesday it should be bloody.

When the US CPI index for January 2023 is calculated using data on consumer spending from 2021, this revision will go into effect.
Estimates for next weeks inflation report are also running pretty hot..

Make no mistake this CPI revision for December is damage control for a January beat next week

Liars lie, cheaters cheat, stealers steal.
Now all can see what is cooking for GBP/USD.

Trade Safe, and save some money to trade next week.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,093
  • Feb 10, 2023 8:53am Feb 10, 2023 8:53am
Crooky mf
Attached Image (click to enlarge)
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yes yes yes
  • #728,094
  • Feb 10, 2023 8:58am Feb 10, 2023 8:58am
If consumer sentiment comes out bullish...It's utter bullshit.
  • #728,095
  • Feb 10, 2023 9:03am Feb 10, 2023 9:03am
Quoting MrFanciful
If consumer sentiment comes out bullish...It's utter bullshit.
it did! Daymn
Insane in the Brain..
  • #728,096
  • Feb 10, 2023 9:04am Feb 10, 2023 9:04am
Yes yes yes
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-02-10-17-03-34-030_com.tradingview.tradingviewapp.jpg Size: 459 KB
yes yes yes
  • #728,097
  • Feb 10, 2023 9:04am Feb 10, 2023 9:04am
Under normal circumstances, this news ought to facilitate a breakdown through the daily low.
WTF is happening?????

2100 the super magnificent wonderful magnet
  • #728,098
  • Feb 10, 2023 9:08am Feb 10, 2023 9:08am
Not going to see 122 today. Oh well roll on Monday.
Insane in the Brain..
  • #728,099
  • Feb 10, 2023 9:08am Feb 10, 2023 9:08am
Quoting BrainBucks
Under normal circumstances, this news ought to facilitate a breakdown through the daily low. WTF is happening????? 2100 the super magnificent wonderful magnet
the day has been glued to 121! Crazy day
Insane in the Brain..
  • #728,100
  • Feb 10, 2023 9:09am Feb 10, 2023 9:09am
George Gammon put out a video yesterday talking about a report stating that 51% of people earning $100,000 or more in the USA are living paycheck to paycheck.

Don't tell me there is strong consumer sentiment.
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