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Cable Update (GBPUSD)

  • #744,881
  • May 10, 2023 5:36am May 10, 2023 5:36am
Quoting voeltoez
last chance cable to down..i hope wont break high again {image}
all short exit 1.2615 .dont wanna play gamble news today..50% daily profit enough
  • #744,882
  • May 10, 2023 5:44am May 10, 2023 5:44am
If it breaks 1.2580 on H1 it should at least touch 1.2500. I might be wrong cause tomorrow is Big day for GU. Still learning
  • #744,883
  • May 10, 2023 5:58am May 10, 2023 5:58am
Quoting Pat Chiko
{quote} GU Hey Grandpa..... Where are going to TP ? or When can we TP... {image}
GU

Target for CPI news release later.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #744,884
  • May 10, 2023 6:08am May 10, 2023 6:08am
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yes yes yes
  • #744,885
  • May 10, 2023 6:27am May 10, 2023 6:27am
Quoting Moty
{image}
My Friend, The Arrow is not enough to bring it down, Your Big Hammer Will......
  • #744,886
  • May 10, 2023 6:35am May 10, 2023 6:35am
In 2011 the US came within days of defaulting causing huge financial ripples, this time that date is in early June and they are no closer to reaching a settlement. This is probably more significant than the CPI number when it comes to USD strength or lack thereof.

https://www.washingtonpost.com/busin...iden-mccarthy/

Usually when the USD rises, gold and GU fall. Well GU is falling but not gold curiously.
  • #744,887
  • May 10, 2023 6:42am May 10, 2023 6:42am
eur/aud.

we are in a correction zone.
1.64000.
  • #744,888
  • Edited 7:16am May 10, 2023 6:45am | Edited 7:16am
Quoting Mitiblotch
{quote} What indicator is that, if you don't mind?
It's a customized MA. But the specifics are not important because there are so many that can be used to show essentially the same information.

SMA, EMA, TMA, WMA, Jurick, Hull, Wilder, and on and on. Just try one, apply different inputs and see if you like what it displays.
To free Gazans of Hamas, use whatever it takes.
  • #744,889
  • May 10, 2023 6:53am May 10, 2023 6:53am
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  • #744,890
  • May 10, 2023 6:56am May 10, 2023 6:56am
Quoting DrDave
{quote} It's a customized MA. But the specifics are not important because there are so many that can be used to show essentially the same information. SMA, EMA, TMA WMA, Jurick, Hull, Wilder, and on and on. Just try one apply different inputs and see if you like what it displays.
So what moving averages and values are you looking at to draw your trend conclusions?
  • #744,891
  • May 10, 2023 7:06am May 10, 2023 7:06am
GBP/JPY is long again. Did both pound-dollar and dollar-yen become long?
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  • #744,892
  • May 10, 2023 7:10am May 10, 2023 7:10am
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yes yes yes
  • #744,893
  • May 10, 2023 7:16am May 10, 2023 7:16am
14mins to go
More time in the market, does not mean you trade better!
  • #744,894
  • May 10, 2023 7:20am May 10, 2023 7:20am
Quoting Fardeen1209
14mins to go
yes
Intraday only.
  • #744,895
  • May 10, 2023 7:20am May 10, 2023 7:20am
Quoting Moty
{image}
Great analysis, Moty! But open M30 as well so that you can see if the rally that you projected on M15 is strong enough to reach M30.
To free Gazans of Hamas, use whatever it takes.
  • #744,896
  • Edited 7:35am May 10, 2023 7:24am | Edited 7:35am
Quoting dantpm
In 2011 the US came within days of defaulting causing huge financial ripples, this time that date is in early June and they are no closer to reaching a settlement. This is probably more significant than the CPI number when it comes to USD strength or lack thereof. https://www.washingtonpost.com/busin...iden-mccarthy/ Usually when the USD rises, gold and GU fall. Well GU is falling but not gold curiously.
I have some shorts running, but i have the feeling i'm gonna be stopped out. More rate hike could trigger a USD dump . Either way, waiting for the number then going to watch GHOSTED
More time in the market, does not mean you trade better!
  • #744,897
  • May 10, 2023 7:26am May 10, 2023 7:26am
My tp is 1.25600-800
Sl above last 15m cNdle 1.26170
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yes yes yes
  • #744,898
  • May 10, 2023 7:27am May 10, 2023 7:27am
Quoting Fardeen1209
{quote} I have some shorts running, but i have the feeling i'm gonna be stopped out. More rate hike could trigger a USD dump . Either way, waiting for the number then going to watch GHOSTED
Whether short or long, you know from experience that news releases can cause a spike in both directions and take out stops on both ends.
To free Gazans of Hamas, use whatever it takes.
  • #744,899
  • May 10, 2023 7:28am May 10, 2023 7:28am
Oh there's a countdown on the calendar now.
  • #744,900
  • May 10, 2023 7:29am May 10, 2023 7:29am
Quoting DrDave
{quote} Whether short or long, you know from experience that news releases can cause a spike in both directions and take out stops on both ends.
Agree but not all the time, i guess the both direction spike is wholly based on how much the actual figure deviates from the consensus and market priced in
More time in the market, does not mean you trade better!
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