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Cable Update (GBPUSD)

  • #746,621
  • May 20, 2023 9:32am May 20, 2023 9:32am
Quoting josi
{quote} In reference to Mr Bulkowski: Time has moved on... Take a look at: Thomas N. Bulkowski - Encyclopedia of Chart Patterns (2021)
You guys reading encyclopedia
More time in the market, does not mean you trade better!
  • #746,622
  • May 20, 2023 11:04pm May 20, 2023 11:04pm
Quoting Fardeen1209
{quote} You guys reading encyclopedia
you don't "read" encyclopdias; you use them as "reference books"
  • #746,623
  • May 21, 2023 2:11am May 21, 2023 2:11am
GU:H1
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Intraday Trading is an Art _ hoda
  • #746,624
  • May 21, 2023 4:03am May 21, 2023 4:03am
Quoting mysterio
missed buy entry being overcautious.. best bet now is a pullback to 1.2416-20 area {image}
I got lucky on Friday , hit my zone and then monster rally. What a way to end the week.

early next week I expect accumulation between 1.24 area and 1.2480

both levels have extremely high volume so buy low sell high between here before bulls eventually take over.
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  • #746,625
  • May 21, 2023 4:47am May 21, 2023 4:47am
Very good show on the weekend between Devin Haney vs Vasiliy Lomachenko.
A highly-competitive fight featured numerous rounds that were almost too close to call.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,626
  • May 21, 2023 4:52am May 21, 2023 4:52am
Quoting genadi
{quote} did you became friends?
A dog is always a dog

A wish yuh all a good weekend an a pray yuh all de best fi di nex week.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,627
  • May 21, 2023 5:12am May 21, 2023 5:12am
GU

On last Friday closure moves.
Switching side for next week.

A see if nex week bring good luck pon di trades.
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Switch to SHORT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,628
  • May 21, 2023 6:00am May 21, 2023 6:00am
Quoting Pat Chiko
GU On last Friday closure moves. Switching side for next week. A see if nex week bring good luck pon di trades. {image} Switch to SHORT {image}
US DOLLAR

Wave "C"
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,629
  • May 21, 2023 6:26am May 21, 2023 6:26am
Quoting Pat Chiko
{quote} US DOLLAR Wave "C" {image}
Never mind Wave "C", Wave "ski" is a far better indicator ...yes LONG $$$$$$$$...
  • #746,630
  • May 21, 2023 6:44am May 21, 2023 6:44am
Quoting Waveskierrob
{quote} Never mind Wave "C", Wave "ski" is a far better indicator ...yes LONG $$$$$$$$...
Tell me more....

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,631
  • May 21, 2023 6:58am May 21, 2023 6:58am
Quoting Pat Chiko
{quote} Tell me more.... {image}
...don't know why people get so offended by a word, no one has ever gone to A and E because of being offended, I get called it all the time ...
  • #746,632
  • May 21, 2023 7:39am May 21, 2023 7:39am
Quoting Pat Chiko
{quote} US DOLLAR Wave "C" {image}
may I ask where you would put the SL?
and why would you put it there?
  • #746,633
  • May 21, 2023 7:41am May 21, 2023 7:41am
I predict a big red daily candle for tomorrow, Monday May 22, 2023.
If you're not architecting, you're building someone else's plan.
  • #746,634
  • May 21, 2023 7:53am May 21, 2023 7:53am
Quoting mysterio
{quote} I got lucky on Friday , hit my zone and then monster rally. What a way to end the week. early next week I expect accumulation between 1.24 area and 1.2480 both levels have extremely high volume so buy low sell high between here before bulls eventually take over. {image}
Nice chart, thanks for sharing buddy!
I have a similar mapping. Early next week, my focus will be on your M15 demand area.
1.2415 on my chart!

Happy weekend,
jereMi.
Face 'ur fears & tame 'ur greed
  • #746,635
  • May 21, 2023 8:20am May 21, 2023 8:20am
Uk CPI expecting 8.2% down from 10.1% aint that quite a huge drop in expectation for UK?
More time in the market, does not mean you trade better!
  • #746,636
  • May 21, 2023 9:11am May 21, 2023 9:11am
Quoting JereMi256
{quote} Nice chart, thanks for sharing buddy! I have a similar mapping. Early next week, my focus will be on your M15 demand area. 1.2415 on my chart! Happy weekend, jereMi.
that was the point of control for the London session on Friday. it is definitely worth a look. however, the dollar index may retest the friday highs, if its chundering along with volume then make sure you're not fighting against this as it's still in a defined up trend. I think its reversal time however.
  • #746,637
  • May 21, 2023 9:34am May 21, 2023 9:34am
Quoting mysterio
{quote} that was the point of control for the London session on Friday. it is definitely worth a look. however, the dollar index may retest the friday highs, if its chundering along with volume then make sure you're not fighting against this as it's still in a defined up trend. I think its reversal time however.
On Weekly it looks bullish, but anything below daily (including daily) looks bearish.
My plan will wait for Asia to see where we are going, then entry at Frankfurt/LO Asian sweep.
More time in the market, does not mean you trade better!
  • #746,638
  • Edited 10:48am May 21, 2023 10:20am | Edited 10:48am
I don't see how CPI can drop 2% because everything has stayed the same.
Looking back, Energy has been fixed high.
Qualitative tightening isn't happening; the balance sheet is basically flat.
Wages are going up, say 6%, and pensions and benefits just increased by 10%.
Anything linked to CPI and RPI just went up 10%+

CPlie needs to drop that far to stay on the BoE target of 2-4% by the end of the year.
Previous underreporting will make the drop harder.
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  • #746,639
  • May 21, 2023 11:11am May 21, 2023 11:11am
Quoting mysterio
{quote} that was the point of control for the London session on Friday. it is definitely worth a look. however, the dollar index may retest the friday highs, if its chundering along with volume then make sure you're not fighting against this as it's still in a defined up trend. I think its reversal time however.
I will be cautious, especially on Tuesday and Wednesday.
Face 'ur fears & tame 'ur greed
  • #746,640
  • Edited 11:37am May 21, 2023 11:12am | Edited 11:37am
Quoting Fardeen1209
Uk CPI expecting 8.2% down from 10.1% aint that quite a huge drop in expectation for UK?
The detail is how do you translate this detail into a GU impact?
CPI down suggests inflation under control, a good thing for the UK economy and suggestive of lower rates and a drop in GU.

All it would take to get CPI down is some long term energy contracts (fuel from various sources)!
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