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Cable Update (GBPUSD)

  • #760,401
  • Jul 23, 2023 12:23pm Jul 23, 2023 12:23pm
The E.U. and U.K. indices are also in very rough shape. I don't believe they will be as resilient as the U.S. indices going forward.
The E.U. and U.K. are facing a possible currency and stock market collapse.

This brings me no joy as I am a fan of the E.U. model.
Trade at your own risk.
  • #760,402
  • Jul 23, 2023 12:37pm Jul 23, 2023 12:37pm
Weekends just got better, better than the boring old predictions and after the fact profits...but that's just my opinion and everybody has one...
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  • #760,403
  • Jul 23, 2023 12:42pm Jul 23, 2023 12:42pm
Quoting Waveskierrob
{quote} ...so you un ignored Coreg to read his posts.....interesting ...so in your own words what does that make you...
she is very naughty
  • #760,404
  • Jul 23, 2023 1:09pm Jul 23, 2023 1:09pm
Quoting Jolita
{quote}. It's a learning challenge with virtual $100k, no chance to win but to learn. Platform has amazing tools and trading information it's definitely worth my time.

Thanks for sharing. It is still better than most challenges.
  • #760,405
  • Jul 23, 2023 1:12pm Jul 23, 2023 1:12pm
Quoting Black-Star
Seems like Bulls are not yet done with the uptrend and this down move may be a retracement for the next rally. My anticipation is for the retracement to complete around 1,2800 area, then for bulls to rally price to 1,3200/3240 zone. If price closes below 1.27515 consider the pattern invalid. I may be wrong but let's see how the market pans out. Charts 1, H4, H1 {image} {image} {image}

I am also thinking like yours. Good to have numbers in mind
  • #760,406
  • Jul 23, 2023 1:16pm Jul 23, 2023 1:16pm
Quoting Waveskierrob
Weekends just got better, better than the boring old predictions and after the fact profits...but that's just my opinion and everybody has one... {image}
It was good yesterday, some good discussion on trading. Not so great today, back to the bitching.
  • #760,407
  • Jul 23, 2023 1:37pm Jul 23, 2023 1:37pm
Quoting Black-Star
Seems like Bulls are not yet done with the uptrend and this down move may be a retracement for the next rally. My anticipation is for the retracement to complete around 1,2800 area, then for bulls to rally price to 1,3200/3240 zone. If price closes below 1.27515 consider the pattern invalid. I may be wrong but let's see how the market pans out. Charts 1, H4, H1 {image} {image} {image}
Good observation. I'm also looking for buys around 1.2800 and 1.27600 max. If the pair starts the week with a drop then it's good news for bulls because they will find momentum to push prices up. It's important to note that cable has had no major pullback from the down swing.
  • #760,408
  • Jul 23, 2023 1:39pm Jul 23, 2023 1:39pm
Quoting Luke97
{quote} Good observation. I'm also looking for buys around 1.2800 and 1.27600 max. If the pair starts the week with a drop then it's good news for bulls because they will find momentum to push prices up. It's important to note that cable has had no major pullback from the down swing.
cable may be a good buy here
  • #760,409
  • Jul 23, 2023 1:50pm Jul 23, 2023 1:50pm
Quoting Ferna
{quote} But i find quite interesting
Yeh, I know all spooky T&C"s everywhere you look. My broker also forced to agree on new terms, I guess new rules in town to protect themselves I reject when I can or use dummy details to ignore the junk.
  • #760,410
  • Jul 23, 2023 2:07pm Jul 23, 2023 2:07pm
Quoting ninner
{quote} cable may be a good buy here
Didn't you say that last week...
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  • #760,411
  • Jul 23, 2023 2:28pm Jul 23, 2023 2:28pm
(Bloomberg) -- By some measures, the euro is at its most expensive level on record, potentially setting itself up for a fall if starts to undermine the euro area economy and forces the European Central Bank to turn dovish.

Most Expensive Euro on Record Has Traders Braced for Declines - BNN Bloomberg
Trade at your own risk.
  • #760,412
  • Jul 23, 2023 2:29pm Jul 23, 2023 2:29pm
WASHINGTON: After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation.

After a pause, US Fed likely to hike interest rates to 22-year high - Markets - Business Recorder (brecorder.com)
Trade at your own risk.
  • #760,413
  • Jul 23, 2023 2:37pm Jul 23, 2023 2:37pm
Quoting Fx3423454
(Bloomberg) -- By some measures, the euro is at its most expensive level on record, potentially setting itself up for a fall if starts to undermine the euro area economy and forces the European Central Bank to turn dovish. Most Expensive Euro on Record Has Traders Braced for Declines - BNN Bloomberg
look at eurjpy very manic atm....reminds me of a few clowns that post here...pat chiosky, waverobknob, the wraith...etc etc etc.
  • #760,414
  • Jul 23, 2023 2:39pm Jul 23, 2023 2:39pm
Looks like another one of my predictions has institutional support.

US Canadian Dollar Rate Outlook: "Target USDCAD Easing To 1.30 By Year-end" Say Analysts (exchangerates.org.uk)
Trade at your own risk.
  • #760,415
  • Jul 23, 2023 2:43pm Jul 23, 2023 2:43pm
Quoting ninner
{quote} look at eurjpy very manic atm....reminds me of a few clowns that post here...pat chiosky, waverobknob, the wraith...etc etc etc.
I'm referring to EURUSD.

Yes, everything is going up against the JPY. The JPY is in a free fall.
Trade at your own risk.
  • #760,416
  • Jul 23, 2023 2:44pm Jul 23, 2023 2:44pm
There is something I’m finding very strange. Are there no smart money traders in this thread???

At least let’s see those beautiful mark up in real time. I saw on instagram beautiful mark up but my question remain… Don't we have smart money trades in this thread?

I do not trade smart money concept.
My telegram: https://t.me/avidforex
  • #760,417
  • Jul 23, 2023 2:44pm Jul 23, 2023 2:44pm
Quoting ninner
{quote} look at eurjpy very manic atm....reminds me of a few clowns that post here...pat chiosky, waverobknob, the wraith...etc etc etc.
you are forget about me
People don't plan to lose. They lose because they don't plan.
  • #760,418
  • Jul 23, 2023 2:46pm Jul 23, 2023 2:46pm
Quoting Fx3423454
(Bloomberg) -- By some measures, the euro is at its most expensive level on record, potentially setting itself up for a fall if starts to undermine the euro area economy and forces the European Central Bank to turn dovish. Most Expensive Euro on Record Has Traders Braced for Declines - BNN Bloomberg

“The euro and the pound are bit ‘over their skis’ relative to reality,” Bechtel said, predicting the euro will fall back to around $1.1080, from about $1.1114 on Friday.
  • #760,419
  • Jul 23, 2023 2:50pm Jul 23, 2023 2:50pm
Trust me Ninner, Pat Chiko is a really good guy, you guys just got off on the wrong foot
well the other..* no comment!
You have an IQ lower than 90 if you interact with this user.
  • #760,420
  • Jul 23, 2023 2:55pm Jul 23, 2023 2:55pm
Quoting BigNumbers
There is something I’m finding very strange. Are there no smart money traders in this thread??? At least let’s see those beautiful mark up in real time. I saw on instagram beautiful mark up but my question remain… Don't we have smart money trades in this thread? I do not trade smart money concept.
You mean scalpers? I don't know any billionaire scalpers.
Trade at your own risk.
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