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Cable Update (GBPUSD)

  • #760,981
  • Jul 25, 2023 10:04am Jul 25, 2023 10:04am
Quoting Waveskierrob
....it's it just me or has the world just gone mad on prediction, not just trading but everything, think we're in the "Nostradamus" era ...looks like every fucker wants to right in predicting the future, not me I'll just take the cash please...{image}
Such an amazing movie.

My favorite scene is the $26k dinner sides that cure cancer
More time in the market, does not mean you trade better!
  • #760,982
  • Jul 25, 2023 10:06am Jul 25, 2023 10:06am
1.292 - 1.26 - 1.33 - Collapse.
Yen to suffer further depreciation against other currencies, but we're close. September should be turning point.
  • #760,983
  • Jul 25, 2023 10:07am Jul 25, 2023 10:07am
Quoting TheWraith
1.292 - 1.26 - 1.33 - Collapse.
320 pips down from 1.292?
  • #760,984
  • Jul 25, 2023 10:08am Jul 25, 2023 10:08am
Quoting ScalaFX
{quote} everyone in this bissnes lost big amount of money. But that is the cost or price you must pay for better live, for being better person, more consistent and patient. Not only in trading. You maked huge steps for be better so I know if you have some more power and your psychic is hard that you can earn consistent for it. Trust your system and manage risk, you will be fine
Agree...Just want to add my 2c. If someone stays long enough in this business the market will make them an honest and humble person.
Always trade your own plan...I don't provide trading signals.
  • #760,985
  • Jul 25, 2023 10:08am Jul 25, 2023 10:08am
Quoting TheWraith
1.292 - 1.26 - 1.33 - Collapse. Yen to suffer further depreciation against other currencies, but we're close. September should be turning point.
I like last but first let me take some from my buys
People don't plan to lose. They lose because they don't plan.
  • #760,986
  • Jul 25, 2023 10:12am Jul 25, 2023 10:12am
Quoting TheWraith
1.292 - 1.26 - 1.33 - Collapse. Yen to suffer further depreciation against other currencies, but we're close. September should be turning point.
Why Sept?
You expect BOJ to shift its tone on Sept BOJ meeting or something?
More time in the market, does not mean you trade better!
  • #760,987
  • Jul 25, 2023 10:12am Jul 25, 2023 10:12am
Quoting Whale
{quote} 320 pips down from 1.292?
Impossible?
It's Weekly Support and is probably going to be hit.
  • #760,988
  • Jul 25, 2023 10:14am Jul 25, 2023 10:14am
Quoting Fardeen1209
{quote} Why Sept? You expect BOJ to shift its tone on Sept BOJ meeting or something?
Yes and I also expect recession as Fed was suggesting will come later this year.

Yen will be the trade of the year once more, just this time we should Buy it.
  • #760,989
  • Jul 25, 2023 10:15am Jul 25, 2023 10:15am
Quoting Waveskierrob
....it's it just me or has the world just gone mad on prediction, not just trading but everything, think we're in the "Nostradamus" era ...looks like every fucker wants to be right in predicting the future, not me I'll just take the cash please...{image}
...
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Always trade your own plan...I don't provide trading signals.
  • #760,990
  • Jul 25, 2023 10:23am Jul 25, 2023 10:23am
Quoting TheWraith
1.292 - 1.26 - 1.33 - Collapse. Yen to suffer further depreciation against other currencies, but we're close. September should be turning point.
I doubt it. The US already figured out it can't afford to go to war with China right at this time since they used up all of their munitions on Ukraine and they can't give guarantees to manufacturers that would allow them to ramp up production for short periods of time.
  • #760,991
  • Jul 25, 2023 10:23am Jul 25, 2023 10:23am
USD INDEX stil rising, while GBPUSD is at top Too
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #760,992
  • Jul 25, 2023 10:24am Jul 25, 2023 10:24am
Quoting Erkat
{quote} Hello my friend Thank you very much for your good analysis and great updates⁦⁩ Are there similar conditions similar to this analysis in the Euro-Dollar pair?
Hi Erkat
No, the Euro has decoupled from the pound with the pound resilient against the dollar. We can very much see this in the EurGbp down move. Having said, EurUsd, in also lagging behind GbpUsd so if I take EurUsd from technical perspective on its own I can very much see a possible retrace to 1.1000 before the next up cycle kicks in,
Cheers.
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Trade to trade another day
  • #760,993
  • Jul 25, 2023 10:25am Jul 25, 2023 10:25am
Average Federal Funds Rate impact is 77 pips.
  • #760,994
  • Jul 25, 2023 10:26am Jul 25, 2023 10:26am
Quoting TheWraith
{quote} Impossible? It's Weekly Support and is probably going to be hit.
Adidas said nothing impossible..
  • #760,995
  • Jul 25, 2023 10:27am Jul 25, 2023 10:27am
Quoting GODofMC
USD INDEX stil rising, while GBPUSD is at top Too
Look at last h4 engulfed bullish, strong suport 2810, that tells me one, price hit minimum 1.30 where we have 61 fibo last downswing, there we must take the decision, we are going more up for new high or slide for lower lows at 2750 and 262x hard to make predictions
People don't plan to lose. They lose because they don't plan.
  • #760,996
  • Jul 25, 2023 10:30am Jul 25, 2023 10:30am
Quoting TheWraith
Average Federal Funds Rate impact is 77 pips.
I have a bad feeling and doubt that FED will deliver any hike tomorrow.
Dont worry, it is just a feeling, tomorrow i will not coming back to quote this post then write "I say so"
More time in the market, does not mean you trade better!
  • #760,997
  • Jul 25, 2023 10:30am Jul 25, 2023 10:30am
Quoting dantpm
{quote} I doubt it. The US already figured out it can't afford to go to war with China right at this time since they used up all of their munitions on Ukraine and they can't give guarantees to manufacturers that would allow them to ramp up production for short periods of time.
You're suggesting that USD won't appreciate against Pound anymore because they don't have the tools for the war with China so will avoid one leading to more stable times or?

Okay, that sounds reasonable. However, the part with recession doesn't agree with that statement. We know that USD, JPY and CHF tend to do great in crisis. Especially in this one where you have inflation around or below 3% in all US, Switzerland and Japan and others around 5% or more.

I don't think anyone will prefer Pound over Dollar and we know from the past Pound is doing terribly, the worst currency to hold in crisis.
  • #760,998
  • Jul 25, 2023 10:36am Jul 25, 2023 10:36am
Quoting Fardeen1209
{quote} I have a bad feeling and doubt that FED will deliver any hike tomorrow. Dont worry, it is just a feeling, tomorrow i will not coming back to quote this post then write "I say so"
It's interesting to me that you're feeling this way. I have no indication that Fed will skip this time. Perhaps there will be no hike next time, but this one should be 1/1 in my opinion. I don't think Fed wants to play around with their policy, because they will destroy their credibility (or what is left from it) very quickly and then God knows what would happen to the markets.
  • #760,999
  • Jul 25, 2023 10:37am Jul 25, 2023 10:37am
Quoting TheWraith
{quote} Impossible? It's Weekly Support and is probably going to be hit.
watch on daily 1.2964-1.302X
for me it hard to short before this area hit.
  • #761,000
  • Edited 11:03am Jul 25, 2023 10:39am | Edited 11:03am
"The role of the brain in political criminal behavior what drag hihihi circuit" amounts too...
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