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Cable Update (GBPUSD)

  • #740,401
  • Apr 11, 2023 6:56am Apr 11, 2023 6:56am
Quoting Fredo219
Bought gu 45 mins ago for 100 pips. 10 pips sl as usual.
Sl hit, forgot to move sl to BE
Patience.....
  • #740,402
  • Apr 11, 2023 7:08am Apr 11, 2023 7:08am
Part of me thinking we’ve seen todays high as the bulls are looking a bit tired. Will wait for NYO
Insane in the Brain..
  • #740,403
  • Apr 11, 2023 7:08am Apr 11, 2023 7:08am
Quoting Yngwie
Short 1.2433 SL 1.2463
closed +10p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #740,404
  • Apr 11, 2023 7:16am Apr 11, 2023 7:16am
Quoting BeeTogether
Part of me thinking we’ve seen todays high as the bulls are looking a bit tired. Will wait for NYO
Check out Pat's post where he talks about GU heading up to 1.246, back to 1.24 and then up to 1.25 . It could also be roughly on that path as well.
  • #740,405
  • Apr 11, 2023 7:17am Apr 11, 2023 7:17am
I'm still looking for price to hit my 1.26400 target. She's soooo slow moving now though.
Attached Image (click to enlarge)
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  • #740,406
  • Apr 11, 2023 7:24am Apr 11, 2023 7:24am
Sold 1.243
50 sl
tp 1.2168

Now i will let the market to do what it should
  • #740,407
  • Apr 11, 2023 7:32am Apr 11, 2023 7:32am
Quoting dantpm
{quote} Check out Pat's post where he talks about GU heading up to 1.246, back to 1.24 and then up to 1.25 . It could also be roughly on that path as well.
yeah makes sense..
Insane in the Brain..
  • #740,408
  • Apr 11, 2023 7:34am Apr 11, 2023 7:34am
Quoting Robinhood1
{quote} according to my scenario, it is bear now from around this area and will turn bullish around 1.2310 at the time aprox. i posted. I may be wrong. It could even get closer to 1.2430 but my positions are tiny. I will go 200% long if it reaches 1.2310 unless it breaks 1.2445 before.
closed with asmall loss. Invalid pattern
POSTMASTER
  • #740,409
  • Apr 11, 2023 7:41am Apr 11, 2023 7:41am
CPI report is tomorrow, which could still be hot and Cable might dip

I won't be trading before that event
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #740,410
  • Apr 11, 2023 7:45am Apr 11, 2023 7:45am
Quoting ForexGoose
CPI report is tomorrow, which could still be hot and Cable might dip I won't be trading before that event
I don't really think that the DXY is the "driving force" anymore. The FED is just about done with a single 0.25% increase in June planned. Right now it's all about the macroeconomics and will there be a "recession" or "no-recession".
  • #740,411
  • Apr 11, 2023 7:52am Apr 11, 2023 7:52am
Quoting fx6996
{quote} I don't really think that the DXY is the "driving force" anymore. The FED is just about done with a single 0.25% increase in June planned. Right now it's all about the macroeconomics and will there be a "recession" or "no-recession".
It's more about how the economy will recover from the recession than if there will be a recession.
  • #740,412
  • Apr 11, 2023 7:56am Apr 11, 2023 7:56am
I keep my long position from 1.2441. The market is lazy right now. I'll be patient. If it doesn't run today it'll run tomorrow with the. CPI.
  • #740,413
  • Apr 11, 2023 7:59am Apr 11, 2023 7:59am
Quoting jag1969
I keep my long position from 1.2441. The market is lazy right now. I'll be patient. If it doesn't run today it'll run tomorrow with the. CPI.
it might rally today to 1.25 if bulls get lucky or it could range until the CPI report tomorrow
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #740,414
  • Apr 11, 2023 8:12am Apr 11, 2023 8:12am
I sold GU with a 20pips SL I'll hold with the intension of stacking but as usual the data coming in tomorrow might be BS
  • #740,415
  • Apr 11, 2023 8:21am Apr 11, 2023 8:21am
Quoting ForexGoose
{quote} it might rally today to 1.25 if bulls get lucky or it could range until the CPI report tomorrow
I hope you are right. I was waiting for tomorrow a bearish trend after CPI.
  • #740,416
  • Apr 11, 2023 8:25am Apr 11, 2023 8:25am
Such low volume after a two bank holidays is a little odd. Maybe you guys are right and there will be a huge spike in volume after CPI tomorrow.
  • #740,417
  • Apr 11, 2023 8:42am Apr 11, 2023 8:42am
Quoting LitEU
I sold GU with a 20pips SL I'll hold with the intension of stacking but as usual the data coming in tomorrow might be BS
1.2475 and 1.2500 is still open

not in Gu trade for now waiting for my setup.
MY OPINION NOT FINANCIAL ADVISE
  • #740,418
  • Apr 11, 2023 8:45am Apr 11, 2023 8:45am
Not sure, but possible.

As of now 2455 holding.

There is chance 2400 in NY session
Intraday only.
  • #740,419
  • Apr 11, 2023 8:47am Apr 11, 2023 8:47am
Quoting eyefeelsix
{quote} maybe there.. idk {image}
GU, re-new short atm
Attached Image (click to enlarge)
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https://breakpullback.com
  • #740,420
  • Apr 11, 2023 8:48am Apr 11, 2023 8:48am
NY session so far shooting blanks. A break above the 12450 area could provide rocket fuel to 125. But as CPI is tomorrow we could be in for a slow one. Nothing on the 1H chart to get excited about
Insane in the Brain..
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