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Cable Update (GBPUSD)

  • #757,381
  • Jul 10, 2023 10:35pm Jul 10, 2023 10:35pm
i guess im a fool then.
be a thinker before being a reacter
  • #757,382
  • Jul 10, 2023 10:40pm Jul 10, 2023 10:40pm
Quoting PeterCaleb
{quote} Time value, Bid value, Risk. Fools try to use "correlations" when you really don't understand the "why" and how. {image} I'm not impressed when people use R:R and Win SR's as a means to see value. That's why you don't have my respect. You question the trivial but never the important things. A sure sign of a gambler. Value is in real liquidity not assumed/presumed liquidity. You people understand what keeps an economy of any kind, moving right? Is it "zones" of 'liquidity' or something else? Re: the pic above .... if all you see is "technicals"...
double dochian setup. been there before. that chart is from the 4th. i see no value in the post tbh. but please carry on. im a fool i suppose.
be a thinker before being a reacter
  • #757,383
  • Jul 10, 2023 10:50pm Jul 10, 2023 10:50pm
I see sell. Niow.
Sold
Stop 2888
Intraday only.
  • #757,384
  • Jul 10, 2023 10:51pm Jul 10, 2023 10:51pm
Quoting Bella.al
New Position Using Bella's Price Action Short GBPUSD : 1.28807 S/L : 1.29051 T/P (max ) : 1.25922 Bella's Blue ( beta v1.7 E ) {image}

markit is gunning for a newer high perhaps 1.29500/1.3000 before any possible sell option
Keep the Lights on then you can catch the rise from the dark.
  • #757,385
  • Jul 10, 2023 11:00pm Jul 10, 2023 11:00pm
Quoting KoyaAndy18
{quote} bro why do u love trading cables, is this a good pair by any chance.
all.pair is good..it depends ur strategy to trade it..im not only trade gu..but i love share on this cable thread
  • #757,386
  • Jul 10, 2023 11:03pm Jul 10, 2023 11:03pm
Quoting navk
I see sell. Niow. Sold Stop 2888
are you forget news ?
  • #757,387
  • Jul 10, 2023 11:03pm Jul 10, 2023 11:03pm
Data not good yet pound going up?
Insane in the Brain..
  • #757,388
  • Jul 10, 2023 11:04pm Jul 10, 2023 11:04pm
Unemployment to 4% from 3.8. Still now new high.
  • #757,389
  • Jul 10, 2023 11:06pm Jul 10, 2023 11:06pm
Quoting Eren10
Unemployment to 4% from 3.8. Still now new high.
exactly unless orders are being executed for a drop
Insane in the Brain..
  • #757,390
  • Jul 10, 2023 11:06pm Jul 10, 2023 11:06pm
Quoting BeeTogether
Data not good yet pound going up?
when it want to up there is no reason needed, same like USDJPY when it want to drop, it also no need reason LOLZ
  • #757,391
  • Jul 10, 2023 11:06pm Jul 10, 2023 11:06pm
Quoting BeeTogether
Data not good yet pound going up?
hahahaha manipulation sentiment
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #757,392
  • Jul 10, 2023 11:06pm Jul 10, 2023 11:06pm
Quoting ricmaj
{quote} markit is gunning for a newer high perhaps 1.29500/1.3000 before any possible sell option

so sad when you try to caution a trader only to end up in their ignored list. At the end regrets are always losses
Keep the Lights on then you can catch the rise from the dark.
  • #757,393
  • Jul 10, 2023 11:07pm Jul 10, 2023 11:07pm
add short 1.2893...
  • #757,394
  • Jul 10, 2023 11:08pm Jul 10, 2023 11:08pm
Quoting voeltoez
add short 1.2893...

please short GBPCAD too my friend!!! LOL LOL
  • #757,395
  • Jul 10, 2023 11:09pm Jul 10, 2023 11:09pm
Time for the trapdoor to open. Unless this shows the BoE is doing the right thing to curb inflation which would reflect to the same as Fed so GU should dump?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1436.png Size: 126 KB
Insane in the Brain..
  • #757,396
  • Jul 10, 2023 11:09pm Jul 10, 2023 11:09pm
Quoting BeeTogether
Data not good yet pound going up?
You are confusing the merit of the data with the data impact on GU. Higher unemployment is what the government is trying to achieve with their higher interest rate policies to cool down the economy and fight inflation. They just don't want it too high.
The number is 'fairly close' to previous claimant releases. I don't believe it justifies the price spike.
Wages also increased. So we are back to MM's doing what they want and simply using the news as a spike catalyst.
  • #757,397
  • Jul 10, 2023 11:13pm Jul 10, 2023 11:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: cable 11 july.png Size: 25 KB
on a postive roll...
  • #757,398
  • Jul 10, 2023 11:17pm Jul 10, 2023 11:17pm
For the past two days GU has 'behaved' in proper mirror form to DXY. It is never perfect but this latest spike appears very close!
  • #757,399
  • Jul 10, 2023 11:17pm Jul 10, 2023 11:17pm
Quoting dantpm
{quote} You are confusing the merit of the data with the data impact on GU. Higher unemployment is what the government is trying to achieve with their higher interest rate policies to cool down the economy and fight inflation. They just don't want it too high. The number is 'fairly close' to previous claimant releases. I don't believe it justifies the price spike. Wages also increased. So we are back to MM's doing what they want and simply using the news as a spike catalyst.
Interest rate difference between BOE and Fed is what pushing GU. Traders are betting more rate hike.
Sooner than later after such massive up, it will retrace then up will resume.
More time in the market, does not mean you trade better!
  • #757,400
  • Jul 10, 2023 11:20pm Jul 10, 2023 11:20pm
Quoting Bella.al
New Position Using Bella's Price Action Short GBPUSD : 1.28807 S/L : 1.29051 T/P (max ) : 1.25922 Bella's Blue ( beta v1.7 E ) {image}

I only saw +11 and then -24 pips sl is hit.
Goddess of Thunder..
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