Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable Update - Continued 61 replies

Cable (GBPUSD) vs Euro (EURUSD) 27 replies

Cable Update (GBP/USD) without Idiots 23 replies

Why is GBPUSD called cable? 66 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting SFundamental
Fundamentals are abstract -you have to think like a market maker Macro for next week: US employment forecast figures for next week - look weak. Fed has talked about being data dependant-so lets see Although PMIs seem better. BOE likely to hike- in spite of slowing growth and inflation. Wage inflation still high. Lots of negative sentiment against Euro and to a lesser extent the pound. 26% chance of a 50 bp hike by the BOE. So a 25 bp hike could leave the pound vulnerable after cash rate meeting Looking at the 10yr spreads Cable seems fairly priced....
Nice post
B4 Elvis there was nothing
Quoting Wavegarrick
{quote} This down move caught many of us by surprise yesterday, including me. I was fortunate enough for price to come back to me and managed to close my weaker trades for 58 pips profit from a nice big fat profit squandered. The nature of trading, then again we should expect this kind of thing to happen at month end. If price finishes the week back above my weekly pivot at 1.29303, bulls could be in for a shot. A close below 1.2850 could see 1.2500 in the near future. Monday will be the final day of the month so more volatile[/highlight]...
Good day Folks,
Everything in me is telling me to short with a retrace towards my future weekly pivot at 1.28669 ish (yellow high light) and I probably will throw in a couple of shorts at 1.28669 with some more towards 1.290000 with the aim of locking in very quickly. There is a caveat. We are on the last day of the month with my weekly pivots contracting so we could see volatile moves. A clear break below 1.27715 could see an acceleration in shorts. On the flip side, a clear break above 1.29303 could see an acceleration with longs. It's tricky and so it should be because it is the last day of the month. Trade very carefully tomorrow and don't get trapped in Long term moves.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_664.png Size: 43 KB
Trade to trade another day
Quoting Wavegarrick
{quote} Good day Folks, Everything in me is telling me to short with a retrace towards my future weekly pivot at 1.28669 ish (yellow high light) and I probably will throw in a couple of shorts at 1.28669 with some more towards 1.290000 with the aim of locking in very quickly. There is a caveat. We are on the last day of the month with my weekly pivots contracting so we could see volatile moves. A clear break below 1.27715 could see an acceleration in shorts. On the flip side, a clear break above 1.29303 could see an acceleration with longs. It's...
I would like to see between 12900-12920 for shorts. Think Monday will drop then up for the sell. I could very well be wrong but if i see the steam running out i will short for a swing. But i think this week will be very Tricky with a lot of games being played Just need to be careful, will see how it goes
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-07-30 at 16.35.08.png Size: 111 KB
B4 Elvis there was nothing
Anyway guys, am outta here for now. Gotta pick a friend up in 1hr. Hopefully get a ride or bj out of it. You never know but gotta try
B4 Elvis there was nothing
Quoting T721
Anyway guys, am outta here for now. Gotta pick a friend up in 1hr. Hopefully get a ride or bj out of it. You never know but gotta try
bj that's disgusting...
Soon To Be Temporarily Suspended Again
Week ahead outlook
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (311).png Size: 45 KB



Monday - last day of the first month of 3rd quarter
Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
Week ahead outlook {image} Monday - last day of the month and Quarter.
nice chart Fardeen
Quoting Fardeen1209
Week ahead outlook {image} Monday - last day of the month and Quarter.
Fardeen, a little correction. Last day of the first month of the third quarter.
Cheers.
Trade to trade another day
Quoting Wavegarrick
{quote} Fardeen, a little correction. Last day of the first month of the third quarter. Cheers.
Thanks for the rectification sir, not yet look at my quaterly calender
Starting with the chart first to see clear technical overview then move to the fundamental
Not afraid to be wrong, ik what am goin to lose!
Quoting T721
Anyway guys, am outta here for now. Gotta pick a friend up in 1hr. Hopefully get a ride or bj out of it. You never know but gotta try
T is on da mission Have fun mate!
I make my own luck.
Quoting GEfx
A few thoughts about the G$. Last week, we anticipated a retracement before a continuation of the up move was possible. That retracement was expected and traded. This week, anticipating one of two things: a continuation to the upside, or a continuation to the downside. FAs from last week favor down, but upcoming FAs may disagree. Be prepared for both eventualities, and trade with care. {image}
Last week the message was to be prepared for an up move or a down move...and both turned out to be correct, although limited moves in both direction with the G$ ending the week about where it started. The round-trip move did use my target as its destination up and it's bounce point, better trafter the FAs on Thursday. Not a bad trading week.

As for this week, chart is below, and as with last week, I'm prepared for a move in either direction, with an important GBP FA on Thursday. Trading targets noted on the chart. After my chart work this morning, I am wondering if the GA and EA are better trading opportunities to start the week. Good trading!
Attached Image (click to enlarge)
Click to Enlarge Name: g$2.gif Size: 34 KB
We have had a b shape on volume/market profile GU on Friday after a down move - and that usually is bullish.
Unfortunately- banks are bearish - and just had a look at options pricing for Monday - pretty negative.
Had a quick check their does not seem to be anything that really stands out in respect of book balancing- but be careful at 2pm (UK time)
There was a lot of volume at that cash rate meeting on Thursday - so if they want to sell it off again - that could be a target.
Thinking about the Aussie - they have had a recent miss on retail sales, PPI and CPI- implied vol is higher than Cable.
Just thinking if they will squeeze it lower. Obviously, structure and volume is important.
Some levels of interest
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
No macro - no trade
What da problem with AUD?
Does China economy (its biggest trading partners) putting pressure on the AUD or oil prices, something?

Any comments are welcomed.
Just start trading AUD couple weeks ago. Its fundamental looks a bit different compare to my 4 watchlist economies, the US, UK, Eurozone and Japan.
Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
What da problem with AUD? Does China economy (its biggest trading partners) putting pressure on the AUD or oil prices, something? Any comments are welcomed. Just start trading AUD couple weeks ago. Its fundamental looks a bit different compare to my 4 watchlist economies, the US, UK, Eurozone and Japan.
I think trading the Aussie - is the easiest currency pair to trade.
China has a major effect on the Aussie.
Issues over Taiwan, the commercial property market and trade issues with the West all playing on sentiment.
Also iron ore forecasts don't look great.
No macro - no trade
Going to stick some trades on here this week - time to kick xxxx.
No macro - no trade
Quoting SFundamental
{quote} I think trading the Aussie - is the easiest currency pair to trade. China has a major effect on the Aussie. Issues over Taiwan, the commercial property market and trade issues with the West all playing on sentiment. Also iron ore forecasts don't look great.
Thanks for the insight sir
Not afraid to be wrong, ik what am goin to lose!
Quoting thevisitor
Where's Pat?
Honestly, I dunno
Quoting Nordling
{quote} T is on da mission Have fun mate!
Buddy whats your view about GU? Im very courius
People don't plan to lose. They lose because they don't plan.
Planning to sell GU from H4 imbalance. Target 2700.
As an amature this is my view. Any suggestion will be helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-07-30-14-26-06-646-edit_net.metaquotes.metatrader4.jpg Size: 317 KB
Target: $100 to $1000
Quoting SFundamental
{quote} I think trading the Aussie - is the easiest currency pair to trade. China has a major effect on the Aussie. Issues over Taiwan, the commercial property market and trade issues with the West all playing on sentiment. Also iron ore forecasts don't look great.
I think trading the Aussie - is the easiest currency pair to trade.
"The Aussie" is a single currency, not a pair. Did you have a specific pair in mind, or do you mean every pair that includes AUD is easy to trade?
To free Gazans of Hamas, flatten it--if that is what it takes.
51 traders viewing now, 4 are members:
citadella88
,
,
mallee
,