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Cable Update (GBPUSD)

  • #752,201
  • Jun 15, 2023 12:58pm Jun 15, 2023 12:58pm
Quoting Cetka
{quote} I just hope you are not trading in someone's name, or that you are teaching someone. We get what you are saying, but it turned out we are right and you are not. With that, you are still sticking to your story and not allowing yourself to maybe learn from it. The 4H is in a downtrend, ChoC happened, then BoS, BoS, valid retracement, and you are still sticking to your story. Trade safe my guy. Wish you all the best!
You must have an odd definition for a down trend if you believe that GBPUSD H4 was in a down trend. It was definitely in a down swing, but for me, it never progressed to a down trend.
To free Gazans of Hamas, use whatever it takes.
  • #752,202
  • Jun 15, 2023 1:04pm Jun 15, 2023 1:04pm
second sell added 10.0 lot
  • #752,203
  • Jun 15, 2023 1:08pm Jun 15, 2023 1:08pm
Quoting DrDave
{quote} You must have an odd definition for a down trend if you believe that GBPUSD H4 was in a down trend. It was definitely in a down swing, but for me, it never progressed to a down trend.
Not defending him, but for clarity, I THINK he is referring to the DXY itself. Not the GU it is affecting.
Don't compare your trades to others. Most often the masses are the asses
  • #752,204
  • Jun 15, 2023 1:12pm Jun 15, 2023 1:12pm
Quoting Coreg2004
{quote} TV, the same school. I too concentrate on the last move. Very nice. {image}
Still learning from you every day!
  • #752,205
  • Jun 15, 2023 1:31pm Jun 15, 2023 1:31pm
Quoting OperaniyiFx
second sell added 10.0 lot
targe?
  • #752,206
  • Jun 15, 2023 1:31pm Jun 15, 2023 1:31pm
Quoting OBsayMkMoney
{quote} Not defending him, but for clarity, I THINK he is referring to the DXY itself. Not the GU it is affecting.
OHHHHHHHH!!!! My bad. I don't know why I was thinking that a thread titled "Cable Update (GBPUSD)" would be focused on GBPUSD.
To free Gazans of Hamas, use whatever it takes.
  • #752,207
  • Edited 1:51pm Jun 15, 2023 1:35pm | Edited 1:51pm
2781 was a good resistance before 2834 /65 , short test taking, will wait for signal breaks and hold 2764. Probable target goes below 2723, if all ok, sl over previous as not engage against bull!
Checking usdx, just free falling to 100.37 next sr, may not bounce at all for show before continue fall. So as per weekly monthly we can go for 2865 +to 3120 directly! May need some support to add long then!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #752,208
  • Jun 15, 2023 2:08pm Jun 15, 2023 2:08pm
i really would love to understand whats going on right now...
GBP isnt that strong!
  • #752,209
  • Edited 2:27pm Jun 15, 2023 2:11pm | Edited 2:27pm
BoE will now be following the free market.
Inflation's not mathematically possible/probable to go to target within 1Y.
Last month the CPI went UP 1.2% when the yearly target is 2%. We have 13 CPI reads over 8.7%.
We need to see negative reads next to get to target.
It makes no difference what the BoE do when they're that wrong. The free market prices the rates, and they read the inflation data themselves.
The fact that the Gov 2Y yield is spiking on its own doesn't have anything to do with what they think BoE will do next. They must raise rates next week.
Also, the Gov does NOT control rates if you think there's an election soon; Its Gov risk-free IR costs which are spiking right now & this sets all borrowing costs higher. The Gov costs are rising after dumb policies, just like everyone else.
Our government gifted energy companies huge profits on behalf of our children when all they had to do was separate energy pricing by source.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #752,210
  • Jun 15, 2023 2:12pm Jun 15, 2023 2:12pm
Even in a 5 min chart, nothing to sell.
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Intraday only.
  • #752,211
  • Jun 15, 2023 2:13pm Jun 15, 2023 2:13pm
Weekly 100pips in excess, EMA200 12805.
Monthly chart has so much space upwards, trend line meeting EM 100, 134-ish

I don't buy this bull move, something odd, who is buying GBP?
  • #752,212
  • Jun 15, 2023 2:15pm Jun 15, 2023 2:15pm
Quoting Jolita
Weekly 100pips in excess, EMA200 12805. Monthly chart has so much space upwards, trend line meeting EM 100, 134-ish I don't buy this bull move, something odd, who is buying GBP?
yes,

Pound has so much power ?

Few months ago, Resume was asked in public for top post in UK ?
Intraday only.
  • #752,213
  • Jun 15, 2023 2:52pm Jun 15, 2023 2:52pm
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Quoting Jolita
Weekly 100pips in excess, EMA200 12805. Monthly chart has so much space upwards, trend line meeting EM 100, 134-ish I don't buy this bull move, something odd, who is buying GBP?
i agree with you something odd is about to happen,i am expecting a great bearish move towards 202275 before true bullish move toward 208
  • #752,214
  • Jun 15, 2023 2:56pm Jun 15, 2023 2:56pm
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Quoting sam02
{quote} i agree with you something odd is about to happen,i am expecting a great bearish move towards 202275 before true bullish move toward 208
sorry,that analysis is for GBPNZD.
  • #752,215
  • Jun 15, 2023 3:13pm Jun 15, 2023 3:13pm
Its summer holiday

expect low volume rise, big boys have there orders already
when they are back they short it hard....
MY OPINION NOT FINANCIAL ADVISE
  • #752,216
  • Jun 15, 2023 3:21pm Jun 15, 2023 3:21pm
Quoting sam02
{quote} i agree with you something odd is about to happen,i am expecting a great bearish move towards 202275 before true bullish move toward 208

we made a historical drop from last year low

what do you expect in 2023???
MY OPINION NOT FINANCIAL ADVISE
  • #752,217
  • Jun 15, 2023 3:49pm Jun 15, 2023 3:49pm
Cable broke a significant level and in a bull trend.
It doesn't matter what fundamentals says, I am only buying as long as session lows are held.
on a postive roll...
  • #752,218
  • Jun 15, 2023 3:50pm Jun 15, 2023 3:50pm
Mentioned that yesterday already. Stats today were fine in the beginning. After London Close messed up. Typical Holiday Move currently, I expect on low Volume. Does anybody have numbers on Volume/Approximation of different Brokers compared to April/May? Would be interesting.
Expect small retrace in Asia / late Asia Session.

Also moves look at least a bit the same. It makes sense. If you have firepower for let's say 70 pips in combination (on holiday days at least) moves will end something around it, retrace, zig zag and if you sold enough, next jump incoming. Of course you can play that game also into short direction which we have seen also.

As I said, currently heaven for trend traders. You can earn a hell of money with pyramiding currently. Some make there yearly income these days. I try to keep over water, currently managing fine, today even on plus side but I also couldn't trade so much, may be that was my luck today.

Anyway, here from yesterday, cheers.

Quoting JackintheBox
{quote} I mentioned that yesterday already. Market is not on track, - even if Dr. Dave is saying it is - . If you have stats, you can see that sth. is out of normal order. And I explained that by getting out of that range we were in for long time so currently they have to accumulate a lot before destribution again on a higher level. That means huge swings without retraces but to both sides but downside is currently limited (logically because they want to get out of that range). It's annoying for intraday trader but good for trend trader because...
  • #752,219
  • Jun 15, 2023 3:56pm Jun 15, 2023 3:56pm
Quoting Rmg
Cable broke a significant level and in a bull trend. It doesn't matter what fundamentals says, I am only buying as long as session lows are held.
Wise words.
  • #752,220
  • Jun 15, 2023 3:57pm Jun 15, 2023 3:57pm
Quoting navk
{quote} yes, Pound has so much power ? Few months ago, Resume was asked in public for top post in UK ?
US doing good job compared.
Ok, no rate rise this time, we should not expect every month, investors disappointed, stocks continue to rise.
DX lower, fine, long overdue.
UK rate increase for a reason - economy in a mess and "let's not talk about it". Government members beeing investigated, arrested, MP with an ego issue, so on...
Big money move the markets is a fact.
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