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Cable Update (GBPUSD)

  • #737,481
  • Mar 23, 2023 6:55am Mar 23, 2023 6:55am
Equal high on 1.2450
  • #737,482
  • Mar 23, 2023 6:57am Mar 23, 2023 6:57am
Quoting ForexGoose
{quote} stop loss will be moved to 1.229, 1 min before the BOE if it stays above 1.229, then I will move the stop to 1.23 and risk only 10 pips as a cowboy
exited trade, chickened out
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,483
  • Mar 23, 2023 7:01am Mar 23, 2023 7:01am
Quoting AlfieSolomon
Equal high on 1.2450
Dont count on it.
  • #737,484
  • Mar 23, 2023 7:02am Mar 23, 2023 7:02am
Quoting Whale
{quote} Dont count on it.
I think we could be on way down… the mood seems dovish
Insane in the Brain..
  • #737,485
  • Mar 23, 2023 7:04am Mar 23, 2023 7:04am
Rocket to the moooon you bastard!
Attached Image (click to enlarge)
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  • #737,486
  • Mar 23, 2023 7:06am Mar 23, 2023 7:06am
We need a break or close above 2331 H1 for longs
Follow The Markets Structure - Patience and Discipline
  • #737,487
  • Mar 23, 2023 7:06am Mar 23, 2023 7:06am
Quoting Whale
{quote} Dont count on it.
I'm counting the pips on this shitty red sticker data and it's only 30 pips lol bro
  • #737,488
  • Mar 23, 2023 7:06am Mar 23, 2023 7:06am
gbpusd update
if we stay above1.2283 = long

second pic DX+GBP
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: sd.jpg Size: 1.0 MB
Trendlines H1,H4, SMC
  • #737,489
  • Mar 23, 2023 7:07am Mar 23, 2023 7:07am
Bank of England raises interest rates by 0.25 per cent to 4.25 per cent but it says there won't be a technical recession, and predicts that inflation will fall even more sharply than expected
seems dovish doesnt it?
  • #737,490
  • Mar 23, 2023 7:08am Mar 23, 2023 7:08am
[quote=pipfarm;14371738]We need a break or close above 2331 H1 for longs[/quot

Maybe the US news in 20 minutes will help
Follow The Markets Structure - Patience and Discipline
  • #737,491
  • Mar 23, 2023 7:13am Mar 23, 2023 7:13am
Quoting Mitiblotch
Long 1.2283. TP 1.2400. The 4hr chart shows a rising wedge which should see price fall, but the daily is up.
Move stop to +1. Thus is crazy. US data flew EU over 100 pips and this clown is still here!
  • #737,492
  • Mar 23, 2023 7:13am Mar 23, 2023 7:13am
Quoting Georginson
{quote} Yes we will eventually get out of this range, as we are heading into the beginning of the second Quarter in April. It will be 1.26 versus 1.16 though 1.26 looks more likely as far as 1.2000 doesn't break in April. I don't like looking too far ahead, let's see where March will end then we can talk more about April.
You should be on the weekly, and it's long biased in a range environment.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,493
  • Mar 23, 2023 7:15am Mar 23, 2023 7:15am
I think the lack of a move is mainly due to expectations that it would go up by 0.25. Already priced in. Talks about avoiding a technical recession means UK could still go into one. Dovish in my opinion

added a short at 12315 will reassess if we get near 124
Insane in the Brain..
  • #737,494
  • Mar 23, 2023 7:17am Mar 23, 2023 7:17am
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,495
  • Mar 23, 2023 7:17am Mar 23, 2023 7:17am
bull bear fight.

not taking any position yet.
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  • #737,496
  • Mar 23, 2023 7:18am Mar 23, 2023 7:18am
Quoting BeeTogether
I think the lack of a move is mainly due to expectations that it would go up by 0.25. Already priced in. Talks about avoiding a technical recession means UK could still go into one. Dovish in my opinion added a short at 12315 will reassess if we get near 124
The words were PREDICT , that in itself is a lie, since when did the boe get any predictions right!!!!!
Follow The Markets Structure - Patience and Discipline
  • #737,497
  • Mar 23, 2023 7:19am Mar 23, 2023 7:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB
  • #737,498
  • Mar 23, 2023 7:21am Mar 23, 2023 7:21am
bought from 1.233, target open

stop under 1.229
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,499
  • Mar 23, 2023 7:21am Mar 23, 2023 7:21am
Quoting karankeni
Bank of England raises interest rates by 0.25 per cent to 4.25 per cent but it says there won't be a technical recession, and predicts that inflation will fall even more sharply than expected seems dovish doesnt it?
You can't trust a BoE projection , im telling you right now their wrong
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,500
  • Mar 23, 2023 7:26am Mar 23, 2023 7:26am
Sold 1.2325... target 1.2255...

Second sell limit at 1.2380...
Data + Stat + Risk/Emotions Management
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