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Cable Update (GBPUSD)

  • #747,021
  • May 23, 2023 11:01am May 23, 2023 11:01am
Liquidity level strategy worked
Price wenylt below last lows , to the liquidity level,( the dashed lines) , Hunted the stops , and went right back
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https://m.youtube.com/watch?v=CRFtC68Ubg8&t=1s
yes yes yes
  • #747,022
  • May 23, 2023 11:03am May 23, 2023 11:03am
Quoting sbmortimer
{quote} Moty, please remind me, what is the name of your indicator that shows Daily R2, R3, etc? {image}
Attached File(s)
File Type: ex4 auto pivots.ex4   54 KB | 304 downloads
yes yes yes
  • #747,023
  • Edited 11:19am May 23, 2023 11:05am | Edited 11:19am
Crooky dx is ON it's way to hit 103.470
sell your house and buy gu OR EU
yes yes yes
  • #747,024
  • May 23, 2023 11:12am May 23, 2023 11:12am
Quoting Coreg2004
{quote} adexadams, can you post the chart with labeling so it will be easier for us to follow your thought process, please?
alright brother, i will be labeling as you said thank you.
bakare
  • #747,025
  • May 23, 2023 11:13am May 23, 2023 11:13am
Quoting ForexStats
{quote} When the spike drops out it makes the decline in CPI much more plausible since it would take a higher M/M gain to maintain the same Y/Y change. The Bank of England uses CPI Y/Y for their inflation target so its clearly important, despite being misleading practically speaking... I'm eager to see how it comes out tonight!
The more negative reads in a data set the easier it is to fall to target? thats why the prediction is wrong
Where CPI flat lined rather than fall you need lower reads to hit target later
Put it this way the next read after this should be 6% according to the OBR.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #747,026
  • May 23, 2023 11:15am May 23, 2023 11:15am
heads up for a retest of 103.60
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  • #747,027
  • May 23, 2023 11:15am May 23, 2023 11:15am
Quoting ScalaFX
short GU 2430, EU 0792
partial closed, rest protected
People don't plan to lose. They lose because they don't plan.
  • #747,028
  • May 23, 2023 11:17am May 23, 2023 11:17am
Was listening to Peter Schiff's podcast while driving home and he makes a really good point. All this fear about the debt ceiling is literally fear that America might have to make a balanced budget.
  • #747,029
  • May 23, 2023 11:20am May 23, 2023 11:20am
Quoting Moty
Crooky dx is ON it's way to hit 103.470 sell your house and buy gu OR EU
Quoting Coreg2004
{quote} fx6996, very nice. I always keep in mind that I might miss something so I have a second scenario ready because there is the possibility that something else is brewing behind the scene. {image} Pattern (a)-(b)-(c). price-PRZ, time (time band) {image}
possible...as predicted...
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Always trade your own plan...I don't provide trading signals.
  • #747,030
  • May 23, 2023 11:22am May 23, 2023 11:22am
Quoting Coreg2004
{quote} adexadams, can you post the chart with labeling so it will be easier for us to follow your thought process, please?
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bakare
  • #747,031
  • May 23, 2023 11:23am May 23, 2023 11:23am
Quoting MrFanciful
Was listening to Peter Schiff's podcast while driving home and he makes a really good point. All this fear about the debt ceiling is literally fear that America might have to make a balanced budget.
Not surprised how Schiff parsed it. He's a Republican.
"No trade is still a trade." - Peter Borish
  • #747,032
  • May 23, 2023 11:24am May 23, 2023 11:24am
Come on rock
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yes yes yes
  • #747,033
  • May 23, 2023 11:25am May 23, 2023 11:25am
Quoting Lbrto
{quote} Not surprised how Schiff parsed it. He's a Republican.
Actually he's not.
  • #747,034
  • May 23, 2023 11:25am May 23, 2023 11:25am
Quoting Moty
Liquidity level strategy worked Price wenylt below last lows , to the liquidity level,( the dashed lines) , Hunted the stops , and went right back {image} {image} https://m.youtube.com/watch?v=CRFtC68Ubg8&t=1s

including my stops
  • #747,035
  • May 23, 2023 11:34am May 23, 2023 11:34am
Quoting MrFanciful
{quote} Actually he's not.
Yes he is. I received once a campaign material from his email when he tried to vie for a nomination several years back.

No longer have the email, but I remember it clearly.
"No trade is still a trade." - Peter Borish
  • #747,036
  • Edited 12:05pm May 23, 2023 11:36am | Edited 12:05pm
12 HR...
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8 HR...
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  • #747,037
  • May 23, 2023 11:37am May 23, 2023 11:37am
Quoting adexadams
{quote} {image}
adexadams, there is always th e chance that I'm missing something that's why I love to check other traders' charts especially those who trade with the same method. I'm selfish.
Always trade your own plan...I don't provide trading signals.
  • #747,038
  • May 23, 2023 11:43am May 23, 2023 11:43am
Seems like all the bulls from 2373 are in the market and keeping prices supported above 1.24 figure. giving DXY is currently at 103.60 support we could see GU price breaking higher into asia if Dxy is not able to climb above 103.65 levels.

on the flip side 2433 resistance (which was the support into NY closing yesterday) has held solid on the single attempt to breach it today.

by the sidelines looking to pick the winning side with the last liquidity push of the session.


I'll long if Gu dips to 1.24 levels or lower
  • #747,039
  • May 23, 2023 11:43am May 23, 2023 11:43am
Quoting ScalaFX
{quote}partial closed, rest protected
closing all, switching to long EU 0765, GU 2410
People don't plan to lose. They lose because they don't plan.
  • #747,040
  • May 23, 2023 12:00pm May 23, 2023 12:00pm
Will it work ? Lets see
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