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Cable Update (GBPUSD)

  • #750,401
  • Jun 8, 2023 4:19am Jun 8, 2023 4:19am
1.2480 resistance fookup big time

1.2440/1.2480/1.2500
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #750,402
  • Jun 8, 2023 4:24am Jun 8, 2023 4:24am
EU data should have helped get to 125. Limbo for me
Insane in the Brain..
  • #750,403
  • Jun 8, 2023 4:25am Jun 8, 2023 4:25am
Quoting Headland
... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...
dailyDx has it down as amber
Insane in the Brain..
  • #750,404
  • Jun 8, 2023 4:30am Jun 8, 2023 4:30am
@robinhood please help me out. I want to confirm something.
You mentioned that there is a different price feed which brokers use (not sure whether you said it is A book).
I am trying to check if that feed aligns with my VAP values.
Kindly help me check the H1 close price for the just completed hour on NZDJPY.
Thanks
  • #750,405
  • Jun 8, 2023 4:32am Jun 8, 2023 4:32am
Quoting Headland
... I don't know why this site is marking the U.s wkly 'initial claims' unemployment data as a red flag now? historically it is not a big market mover 9 times out of 10. Maybe it's because the un-empl rate went up to 3.7% re last NFP etc release? ---------------------------------- ... re discussion y/day...y/day Asian lo was breached but Dly S1 not reached, but Asian hi was also breached and Dly R1 reached. Today Asian hi has been breeched but price has not reached Dly R1 which is near top of this prev 1hr/4hr sw hi zone that extends to y/day's/current...
it now affects the interest rate, so now it is red, when the inflation will cool it will go back to yellow
  • #750,406
  • Jun 8, 2023 4:39am Jun 8, 2023 4:39am
I’m shorting TP 60pips
  • #750,407
  • Jun 8, 2023 4:41am Jun 8, 2023 4:41am
Quoting erez h
{quote} it now affects the interest rate, so now it is red, when the inflation will cool it will go back to yellow
Yeh, but employment/unemployment levels (along with other considerations/data) always did affect the Fed's Fomc's decisions re rates...nothing new there, although admittedly the stage that the economy is at re the total current economic cycle, means that more or less weight is given to individual data inputs, to those rate decisions. In the Uk the Boe's Mpc is only officially targeted on inflation/price stability but doubtless consider employment levels as well as other things in their decision-making re rates. No point having target inflation levels if no-one is in work!
Trader with an Edge.
  • #750,408
  • Jun 8, 2023 4:42am Jun 8, 2023 4:42am
Exaggerated, price over 2465 but pa remain same as before., correct proper restart bull, not here, at some diwn. Now watching 2462 breaks to diwn futher. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,409
  • Jun 8, 2023 4:46am Jun 8, 2023 4:46am
...some downside potential obstacles for the bears.

1hr below
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Trader with an Edge.
  • #750,410
  • Jun 8, 2023 4:49am Jun 8, 2023 4:49am
Quoting Headland
{quote} Yeh, but employment/unemployment levels (along with other considerations/data) always did affect the Fed's Fomc's decisions re rates...nothing new there, although admittedly the stage that the economy is at re the total current economic cycle, means that more or less weight is given to individual data inputs, to those rate decisions. In the Uk the Boe's Mpc is only officially targeted on inflation/price stability but doubtless consider employment levels as well as other things in their decision-making re rates. No point having target inflation...
Put another way, employment levels don't necessarily impact price (the FED's greatest concern) but employment which the FED is supposed to consider when making their rate decisions is also a sign of economic growth or contraction. Higher unemployment is supposedly not a key driver but it could delay hikes or reductions which is why I suggested weaken.
  • #750,411
  • Jun 8, 2023 4:52am Jun 8, 2023 4:52am
no more fly cable?
  • #750,412
  • Jun 8, 2023 4:52am Jun 8, 2023 4:52am
Quoting dantpm
{quote} Put another way, employment levels don't necessarily impact price (the FED's greatest concern) but employment which the FED is supposed to consider when making their rate decisions is also a sign of economic growth or contraction. Higher unemployment is supposedly not a key driver but it could delay hikes or reductions.
Hi, try telling that to a town whose main employer, say a car factory, has just closed down...see the demand fall away and the prices fall, before the supply falls away too (ie businesses shut.) Employment has a direct effect on demand, and in turn, supply to satisfy whatever level of demand there is.
Trader with an Edge.
  • #750,413
  • Jun 8, 2023 4:56am Jun 8, 2023 4:56am
Quoting Headland
{quote} Hi, try telling that to a town whose main employer, say a car factory has just closed down...see the demand fall away and the prices fall, before the supply falls away too (ie businesses shut.) Employment has a direct effect on demand, and in turn, supply to satisfy whatever level of demand there is.
Now you are confusing reality, practicality and common sense with the way the FED operates.

That is a little like expecting forex prices to react to news in a logical manner all the time.
  • #750,414
  • Edited 5:22am Jun 8, 2023 5:01am | Edited 5:22am
So broken 2462, the next sr 2441 in preparation test confirmation down at 2427. For price below 2391, better 2369 to restart better bull to catch 2546 up!
Need breaks 2454 to signal top failure too as in h4 tf, close need below 2453, may existing candle!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #750,415
  • Jun 8, 2023 5:09am Jun 8, 2023 5:09am
small buy at 1.2461 tp 1.2500. Stop loss 1.2455
Fly cable. Fly fly
  • #750,416
  • Jun 8, 2023 5:12am Jun 8, 2023 5:12am
...can the bulls build on the 1hr rbs bounce after the p/back? Up against last 1hr close = bearish thrust dark cloud cover.

1hr below
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Trader with an Edge.
  • #750,417
  • Jun 8, 2023 5:14am Jun 8, 2023 5:14am
Come on mister mf
1st tp 1.24800
2nd 1.25000
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yes yes yes
  • #750,418
  • Jun 8, 2023 5:16am Jun 8, 2023 5:16am
Quoting dantpm
{quote} Now you are confusing reality, practicality and common sense with the way the FED operates. That is a little like expecting forex prices to react to news in a logical manner all the time.
The real market participants behind every market are not federal reserve or govt, but rather Wall Street.
SEC law required every primary banks to buy US govt bonds at wholesales price, and they will sold it at retail price.
Given they are the one holding majority short term securities, see how US yield before the Fed make something, yield already trending towards that particular event and majority of the time FED listen to them!
Why?
They control everything, their money own everything, they were here before a political party administration and will be here after administration and all those so-called politicians that came to make changes, so they have no other option but to simply listen and obey to the collective power.

And one of the reason why they joined wall street when their contract expired as a fed officials or govt officials, is because they want to be part of the real power.
More time in the market, does not mean you trade better!
  • #750,419
  • Jun 8, 2023 5:23am Jun 8, 2023 5:23am
Long 1.2460 Tp 1.2500
enough to BE+ loses
  • #750,420
  • Jun 8, 2023 5:25am Jun 8, 2023 5:25am
Long 12463, SL 12456, TP 12500. Not confident so SL is tight.
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