Seems Ok to short now
Cable Update (GBPUSD)
- #757,942
- Jul 12, 2023 1:59pm Jul 12, 2023 1:59pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Good you said thank God heard you have a meeting with Leon...
Cheers.
Trade to trade another day
- #757,943
- Jul 12, 2023 2:07pm Jul 12, 2023 2:07pm
{quote} Thank God. Now this puts me in a bit of a predicament with Gu because I believe EurUsd can travel up to 1.12301
GBPUSD
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Wasn't expecting price to retrace all the way back even with CPI news,
Took a shot at the green rectangle, but missed a trade in the red rectangle which is right my zone, but it was exactly at CPI time, and I don't trade into news.
Target approaching but TP so about to exit.
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Wasn't expecting price to retrace all the way back even with CPI news,
Took a shot at the green rectangle, but missed a trade in the red rectangle which is right my zone, but it was exactly at CPI time, and I don't trade into news.
Target approaching but TP so about to exit.
- #757,945
- Jul 12, 2023 2:16pm Jul 12, 2023 2:16pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #757,946
- Edited 2:31pm Jul 12, 2023 2:18pm | Edited 2:31pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} I don't think it's safe to BUY right now. We going down tomorrow.
Trade to trade another day
- #757,947
- Jul 12, 2023 2:26pm Jul 12, 2023 2:26pm
- Joined Aug 2022 | Status: Trader | 4,859 Posts
This morning IG Markets had sentiment long and the price went down until the news.
Now IG Markets has the sentiment short so tomorrow it will go?
Now IG Markets has the sentiment short so tomorrow it will go?
- #757,949
- Jul 12, 2023 2:31pm Jul 12, 2023 2:31pm
This morning IG Markets had sentiment long and the price went down until the news. Now IG Markets has the sentiment short so tomorrow it will go?
Tomorrow and Friday, Sellers will take the price down. Price wont exceed today's high till
possibly 26th. My thoughts
- #757,950
- Jul 12, 2023 2:36pm Jul 12, 2023 2:36pm
- Joined Jun 2023 | Status: Net Free | 1,970 Posts
This morning IG Markets had sentiment long and the price went down until the news. Now IG Markets has the sentiment short so tomorrow it will go?
32% of traders Long yesterday, today 31%
EUR/USD (which is the most important one)
34% of traders Long yesterday, today 26%
People are Selling "the top".
The most extreme case: USD/CHF
92% of traders Long. Yeah, USD didn't do too well against CHF today.
People are extremely Bearish on CHF in general for which reason CHF only dropped 200 pips against Yen and other currencies around 400, 500 or more pips.
- #757,952
- Jul 12, 2023 2:52pm Jul 12, 2023 2:52pm
- Joined Nov 2006 | Status: Trader | 4,417 Posts
to trade and code, keep both simple... no call to impress....h
- #757,953
- Jul 12, 2023 3:09pm Jul 12, 2023 3:09pm
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
Small FYI: The Fed isn't using CPI as an indicator for inflation. 
Trade at your own risk.
- #757,955
- Edited 4:03pm Jul 12, 2023 3:25pm | Edited 4:03pm
- | Membership Revoked | Joined Nov 2022 | 1,789 Posts
{quote} reached, and I haven't seen any sign of reversal yet, take care sellers
sorry for the intRUsionistass.. things gone a fOWL we care russian river... extra excrement & hope obama care spotted...OWL gone awol...with the proteced species...we are all equal but some are more equal...puppet blinken for diner NATO schmaltz any better...biden away...The ACA may only be 2,700 pages, but when you start to add in the regulations related to this law, the number of pages becomes CGI Gastronomicaleb
calibrate TDSolids...of any sithuation.
{quote} Thank God. Now this puts me in a bit of a predicament with Gu because I believe EurUsd can travel up to 1.12301
Do you think there will be a decline and a correction in the euro before moving towards the 1.12xx range? Or will it go to 1.12xx without stopping and modifying?
Half of the time, the market is building resistance and support levels, and
- #757,957
- Jul 12, 2023 3:34pm Jul 12, 2023 3:34pm
{quote} Thank you very much for your good analysis
- #757,959
- Jul 12, 2023 4:33pm Jul 12, 2023 4:33pm
- Joined Oct 2020 | Status: Trader | 14,017 Posts
Tomorrow's red flag data is about activity, not price. So how will it impact GU?
Insane in the Brain..