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Cable Update (GBPUSD)

  • #761,161
  • Jul 26, 2023 4:39am Jul 26, 2023 4:39am
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POSTMASTER
  • #761,162
  • Jul 26, 2023 4:40am Jul 26, 2023 4:40am
Quoting Jolita
Have you notices yesterday EU was selling while GU was bought. Do you know why?
They say it's due to bad German ifo Bussiness Climate numbers, but who knows.. talks of recessionary threat. Seems odd to mention recessionary threat in Germany, because Germany already is in a recession.

That's what happens when they change the definiton of recession 27 times.
  • #761,163
  • Jul 26, 2023 4:43am Jul 26, 2023 4:43am
...there is a pattern of 4hr bearish hidden div @ current dly hi which may stay good on any further upside move so long as below 2964. Not much of a dly downtrend though, in fact NO dly downtrend, (next higher /f for me in that t/f combo) to enter after such a pullback from 2797 current wkly lo. So for me, if I were trading that 4hr t/f as trigger for entry (or even drop down to 1hr for some regular bearish div [which there is currently] to time entry better,) it wouldn't be a hi-prob set-up...but that is not to say it won't play out - anything can happen! It could be the start of a dly downtrend,? who knows?
Trader with an Edge.
  • #761,164
  • Jul 26, 2023 4:54am Jul 26, 2023 4:54am
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If price goes below the bottom flip trade and a stop above . Don’t play my trades I can change like the wind . Too many possibilities to explain . And it could go wrong .
  • #761,165
  • Jul 26, 2023 4:56am Jul 26, 2023 4:56am
Haha i. Holding my long because i have no way to go back 1.322 looking
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  • #761,166
  • Jul 26, 2023 4:57am Jul 26, 2023 4:57am
Fuuuuu.. almost got out of trade. I can't watch this shit.. my heart..

  • #761,167
  • Jul 26, 2023 4:58am Jul 26, 2023 4:58am
The real question we need to ask imo, Will we get a large yield curve shift tonight on press conference?

Powell have been open to more hike (June speeches and meetings), if inflation looks persistent- possibly to 5.5-5.75% EOY 23 terminal rate

However, we will have 2 CPI and Job Data (Avg earnings)- For July and Aug before Sept FOMC and Economic Projection.

Plenty of time and Data to decide whether we will get another 25bps this year or not.

Rate cut will move later in Q2 2024?

My 2 cents, will stay in long to 1.3
More time in the market, does not mean you trade better!
  • #761,168
  • Jul 26, 2023 5:00am Jul 26, 2023 5:00am
One ticket to the moon pretty please (one can dream...)
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I have no clue where it's going
  • #761,169
  • Jul 26, 2023 5:00am Jul 26, 2023 5:00am
i had feeling GU bull will stop now...
because upperbands H1 already reject..

had same feeling with EU ...H4 are on middle bands..
so both will flat until NYO or starting down until fomc..
  • #761,170
  • Jul 26, 2023 5:02am Jul 26, 2023 5:02am
Quoting BigNumbers
I’m also short on EJ {image}
Damn! I’m profitable!
My telegram: https://t.me/avidforex
  • #761,171
  • Jul 26, 2023 5:04am Jul 26, 2023 5:04am
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If for the people who follow my rule you know I have entered another long on the close candle ove the ema . Pp and stop is now on that line .
  • #761,172
  • Jul 26, 2023 5:07am Jul 26, 2023 5:07am
Quoting Nordling
{quote} Good idea. A pullback to upside until FOMC is possible. Kind of like a liquidity grab move.
Meeeenn! Where have you been!?! Please, do not go short begore I take profit from my longs, Im seeing 3000 or 3050 before we reverse to hell! Good to see you back, green pips!
People don't plan to lose. They lose because they don't plan.
  • #761,173
  • Jul 26, 2023 5:09am Jul 26, 2023 5:09am
just for fun..will leave it till tomorrow..
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  • #761,174
  • Jul 26, 2023 5:10am Jul 26, 2023 5:10am
Quoting Yngwie
Before reversal at least bull touching 1.2920/40
Short 1.2915 SL 1.2935
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #761,175
  • Jul 26, 2023 5:11am Jul 26, 2023 5:11am
Quoting Fardeen1209
The real question we need to ask imo, Will we get a large yield curve shift tonight on press conference? Powell have been open to more hike (June speeches and meetings), if inflation looks persistent- possibly to 5.5-5.75% EOY 23 terminal rate However, we will have 2 CPI and Job Data (Avg earnings)- For July and Aug before Sept FOMC and Economic Projection. Plenty of time and Data to decide whether we will get another 25bps this year or not. Rate cut will move later in Q2 2024? My 2 cents, will stay in long to 1.3
EventsTrader covered it all very well
https://www.cryptocraft.com/thread/1...4#post14510805
  • #761,176
  • Jul 26, 2023 5:11am Jul 26, 2023 5:11am
Quoting Nordling
{quote} Good idea. A pullback to upside until FOMC is possible. Kind of like a liquidity grab move.
Hi there.
POSTMASTER
  • #761,177
  • Jul 26, 2023 5:12am Jul 26, 2023 5:12am
USdchf long 0.8612
POSTMASTER
  • #761,178
  • Jul 26, 2023 5:13am Jul 26, 2023 5:13am
...price @ the current dly hi is in the 4hr part of a prev (previously disrespected [therefore rectangle is hollow,]) 1hr/4hr sw lo zone (ie above 1hr part) that extends up to the wkly pivot @ 3030. 3 fib cluster, Wkly pivot and Dly R1 just above. Lots of pot rbs below.

4hr below
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Trader with an Edge.
  • #761,179
  • Jul 26, 2023 5:19am Jul 26, 2023 5:19am
First rejection of 12920 waiting to see if we have another attempt SL moved to b/e +10
Insane in the Brain..
  • #761,180
  • Jul 26, 2023 5:20am Jul 26, 2023 5:20am
Quoting Jolita
{quote} EventsTrader covered it all very well https://www.cryptocraft.com/thread/1...4#post14510805
Thanks Sisu J.
More time in the market, does not mean you trade better!
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