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Cable Update (GBPUSD)

  • #743,061
  • Apr 27, 2023 9:28am Apr 27, 2023 9:28am
Quoting BeeTogether
Back to snoozing too slow even after data..
it will. Dramatically.. like GU should.. we just need to wait, this part of being pro..
  • #743,062
  • Apr 27, 2023 9:30am Apr 27, 2023 9:30am
Quoting Whale
This support only showing the path to 1.233 i dont see any other reason that GU pop from this area with no real support.
Well Whale it bounced at the 61.8 so how high can it fly?
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  • #743,063
  • Apr 27, 2023 9:32am Apr 27, 2023 9:32am
What a mess... this bullshit seems never ending
  • #743,064
  • Apr 27, 2023 9:34am Apr 27, 2023 9:34am
Quoting BeeTogether
Back to snoozing too slow even after data..
The data wasn't supportive of raising rates to boost the USD. "Snoozable"
  • #743,065
  • Apr 27, 2023 9:34am Apr 27, 2023 9:34am
be
patience..
150pips move ahead..
up or down will makes profit at all..
1.26 or 1.23 until.week end
  • #743,066
  • Apr 27, 2023 9:37am Apr 27, 2023 9:37am
Quoting dantpm
{quote} The data wasn't supportive of raising rates to boost the USD. "Snoozable"
exactly the red data was poor should have comfortably taken us over 125 the yellow data help keep it pegged to below 126. Oh well.
Insane in the Brain..
  • #743,067
  • Apr 27, 2023 9:38am Apr 27, 2023 9:38am
Quoting voeltoez
be patience.. 150pips move ahead.. up or down will makes profit at all.. 1.26 or 1.23 until.week end
Now the trick. How do you catch a piece of it!
  • #743,068
  • Apr 27, 2023 9:39am Apr 27, 2023 9:39am
Quoting Nala66
{quote} Well Whale it bounced at the 61.8 so how high can it fly? {image}

it can, i dont really know where it will go obviously
only intuition based of my experience
  • #743,069
  • Apr 27, 2023 9:40am Apr 27, 2023 9:40am
1.2443. Break through will happen tomorrow. Until then sidelines.
  • #743,070
  • Apr 27, 2023 9:42am Apr 27, 2023 9:42am
Quoting dantpm
{quote} Now the trick. How do you catch a piece of it!
break 1.25 will open to 1.26..
break 1.24 targetting 1.23..
make it simple...and dont be greedy..30p is enough..tomorrow is weekend..
  • #743,071
  • Apr 27, 2023 9:47am Apr 27, 2023 9:47am
Quoting ForexGoose
sold from 1.244, stop loss above 1.245, target 1.238
stopped out earlier
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #743,072
  • Apr 27, 2023 9:50am Apr 27, 2023 9:50am
im on short side..
there are 2 levels on my chart..break one of them will show where it goes today untul tomorrow..
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  • #743,073
  • Apr 27, 2023 9:56am Apr 27, 2023 9:56am
Quoting BeeTogether
{quote} exactly the red data was poor should have comfortably taken us over 125 the yellow data help keep it pegged to below 126. Oh well.
It's never what we expect, it's pretty volatile though. Which is nice haha
  • #743,074
  • Apr 27, 2023 10:04am Apr 27, 2023 10:04am
I want to talk about datas today:

GDP Growth Rate QoQ Adv
actual:
1.1%
Forecast:
2%
Previous:
2.6%
> bearish on rate hike BUT:
--------------------
MEDIUM
PCE Prices QoQ Adv (Q1)
Actual:
4.2% (!!)
Forecast:
0.5%
Previous:
3.7%
---------------------
That's another sign for recession. Inflation still going but GDP dropping. I think rate hike cannot yet end. That's now the price all have to pay because of quantitativ easing last 10 years. That's why dollar strengthend over the last 2 hours after first GDP-Shock (rate hike less likely but than people saw the PCE Price Numbers). Just my two cents.

I saw something similar on ZAR last weeks. Here it meant that the currency got more weaker (so GBP/USD up) but It took some days. - First it strengthend (saw today) and that the weakness were coming.

I cannot see any good trend next weeks because signals still mixed but recession is more likely now. Not sure what recession means for dollar strength/weakness - cause it is the dollar, not the ZAR (south african Rand).
  • #743,075
  • Apr 27, 2023 10:08am Apr 27, 2023 10:08am
Stuck in traders hell
You have an IQ lower than 90 if you interact with this user.
  • #743,076
  • Apr 27, 2023 10:08am Apr 27, 2023 10:08am
One more thing: As Trend trader it is normal that you don't earn much money currently. That's the price you have to pay in phases like that. You have to be patiened. Good for market makers and counter trend traders. But big money is just waiting for next big move...so don't lose hope as a trend trader and don't overtrade as a counter trend trader now.
  • #743,077
  • Apr 27, 2023 10:11am Apr 27, 2023 10:11am
Quoting JackintheBox
One more thing: As Trend trader it is normal that you don't earn much money currently. That's the price you have to pay in phases like that. You have to be patiened. Good for market makers and counter trend traders. But big money is just waiting for next big move...so don't lose hope as a trend trader and don't overtrade as a counter trend trader now.

I needed those words of encouragement. As a trend trader I've been getting smoked all month. I'm aware that ranging markets are my kryptonite but I have trouble identifying a range until a few days go by and then I find myself anticipating break outs and I just diminish any profit I have.
  • #743,078
  • Apr 27, 2023 10:11am Apr 27, 2023 10:11am
Attached Image (click to enlarge)
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yes yes yes
  • #743,079
  • Apr 27, 2023 10:19am Apr 27, 2023 10:19am
Up we go?
Exhausted
  • #743,080
  • Apr 27, 2023 10:21am Apr 27, 2023 10:21am
Tryin Short GU 2483, SL last high, TP open
People don't plan to lose. They lose because they don't plan.
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