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Cable Update (GBPUSD)

  • #740,721
  • Apr 12, 2023 1:24pm Apr 12, 2023 1:24pm
Quoting Theoak
I'm long on this and my target is 1.2500. I will trail if I reach this area as I suspect the market to turn.
Near Target. I'm currently closely monitoring the trailing stop on this trade, and based on the current market condition, i will determine the appropriate time to close it.
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Don't trade what you think. Just what you see!!!
  • #740,722
  • Apr 12, 2023 1:24pm Apr 12, 2023 1:24pm
GU on steroids.
The higher will rise the harder will fall.
  • #740,723
  • Apr 12, 2023 1:25pm Apr 12, 2023 1:25pm
Nothing from FOMC still 125 escaping
Insane in the Brain..
  • #740,724
  • Apr 12, 2023 1:29pm Apr 12, 2023 1:29pm
I have been with family today so nice to see that the CPI came in to push GBP higher but I haven't been able to follow anything. I usually do everything on the PC so hard to look at things properly on my phone.

At a glance it's looking like this could push higher , but could drop anytime. So I'm asking for any recent thoughts from you all...are we gonna likely see 1.255, /1.26 /new highs what's the support sitting at?
  • #740,725
  • Apr 12, 2023 1:37pm Apr 12, 2023 1:37pm
Range in tact. Lower highs would drag pound down. Bailey will speak soon.
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  • #740,726
  • Apr 12, 2023 1:38pm Apr 12, 2023 1:38pm
I’m out took profit it’s stalling from 125. Shorting now
Insane in the Brain..
  • #740,727
  • Apr 12, 2023 1:42pm Apr 12, 2023 1:42pm
Quoting ForexGoose
bought 2 lots at 1.246, stop loss under 1.24, target 1.261+ {image}
exited trade, will re-enter long on dips later

i'm not impressed with the rally today
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #740,728
  • Apr 12, 2023 1:45pm Apr 12, 2023 1:45pm
Quoting ForexGoose
{quote} exited trade, will re-enter long on dips later i'm not impressed with the rally today
Yeah I stopped.my long too, I thought the rally would be much bigger after the recent rebound too, seems very sketchy, and there's so much room on the short side atm
  • #740,729
  • Apr 12, 2023 1:53pm Apr 12, 2023 1:53pm
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yes yes yes
  • #740,730
  • Apr 12, 2023 2:46pm Apr 12, 2023 2:46pm
QT - quantative thighening

https://www.bankofengland.co.uk/spee...tional-finance
  • #740,731
  • Apr 12, 2023 2:53pm Apr 12, 2023 2:53pm
Seems like Bailey was another damp squib. Will keep shorts open over night
Insane in the Brain..
  • #740,732
  • Apr 12, 2023 3:14pm Apr 12, 2023 3:14pm
Quoting BeeTogether
Range just below todays open…new hobby searching for Swatch X Omega Moonwatches! Might have to make a trip into town later
Love Swatch. I knew a collector having around 100 of them. Why not visit store n Covent Garden? Also online shop offers your own customised design.
I am Fossil fan.
  • #740,733
  • Apr 12, 2023 3:27pm Apr 12, 2023 3:27pm
For all the talk about persistently high inflation that's needs to be brought under control, the USD doesn't like todays news.
Nor should it.
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Compulsions can be hard to resist
  • #740,734
  • Apr 12, 2023 3:52pm Apr 12, 2023 3:52pm
Quoting Jolita
{quote} Love Swatch. I knew a collector having around 100 of them. Why not visit store n Covent Garden? Also online shop offers your own customised design. I am Fossil fan.
covent gardens would be my choice as it’s easier to get to from home. Might pop in next week once kids are back to school and also have a look for a cowork / we work nearby.
Insane in the Brain..
  • #740,735
  • Apr 12, 2023 3:53pm Apr 12, 2023 3:53pm
EU is pushing up past resistance, minor TL's broken off main TL
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Compulsions can be hard to resist
  • #740,736
  • Apr 12, 2023 5:59pm Apr 12, 2023 5:59pm
Quoting Jolita
{quote} Abandoned baby 1h or shooting star, lookfor bear signs {image}
lol...there goes that non bearish abandoned baby. and bearish shooting star. I am up over 0.6 percent in 1 day. still looks very very bullish.
  • #740,737
  • Apr 12, 2023 6:25pm Apr 12, 2023 6:25pm
Quoting ninner
{quote} lol...there goes that non bearish abandoned baby. and bearish shooting star. I am up over 0.6 percent in 1 day. still looks very very bullish.
No, strong buyers still.
Can you share cup and handle view?
  • #740,738
  • Apr 12, 2023 7:21pm Apr 12, 2023 7:21pm
Quoting Jolita
{quote} No, strong buyers still. Can you share cup and handle view?
Jolita,

the sell is still very good.

1.24869 is the fine line for sellers.

Time will tell how strong the sellers are.
  • #740,739
  • Apr 12, 2023 7:49pm Apr 12, 2023 7:49pm
Quoting damsak
{quote} GBP reaching to possible down reverse area as expected. Keep on eye {image} https://www.youtube.com/watch?v=xzLFgryyjSk
exactly as expected the down reverse point for scalp done

Before
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  • #740,740
  • Apr 12, 2023 9:50pm Apr 12, 2023 9:50pm
Quoting Jolita
GU on steroids. The higher will rise the harder will fall.
On steroids to the downside. Opposite to what most may think (99%). Someone is trying to make market go their way (down). Will fail.
POSTMASTER
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