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Cable Update (GBPUSD)

  • #767,721
  • Aug 16, 2023 12:45pm Aug 16, 2023 12:45pm
Quoting BeeTogether
{quote} is just the minutes, nothing usually happens on minutes.. I say usually , I’ve seen 1 maybe 2 times in the last few years when there was a reaction
I will buy gold, maybe small GU…
  • #767,722
  • Aug 16, 2023 12:49pm Aug 16, 2023 12:49pm
usdjpy doji sandwich bo potential if it trades higher tomorrow !!!!
  • #767,723
  • Aug 16, 2023 12:57pm Aug 16, 2023 12:57pm
Quoting dempire1
{quote} ah there we go. McDonalds shift ended so now you have to act out again… {image}
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  • #767,724
  • Aug 16, 2023 1:08pm Aug 16, 2023 1:08pm
FED MINUTES: A NUMBER OF PARTICIPANTS WARNED OF RISKS OF ACCIDENTALLY TIGHTENING POLICY TOO MUCH

"Accidentally"... yeah..

Unless something breaks, Fed is raising rates to at least 6% it seems.
Energy and food went up.

Gold @ 1866?
  • #767,725
  • Aug 16, 2023 1:09pm Aug 16, 2023 1:09pm
Quoting Waveskierrob
{quote} {image}
Waveski, you couldn't choose the picture of a bigger FH than this guy.
Always trade your own plan...I don't provide trading signals.
  • #767,726
  • Aug 16, 2023 1:10pm Aug 16, 2023 1:10pm
Quoting pipfarm
Looks like DXy might have finished the correction on H4 and harmony is being restored across the board , sometimes my patience feels like it is running about but i learnt from experience not to jump the gun. We a have short set ups for eurusd and cable but we are not close to entry yet audcad, audusd, nzdusd, audchf, eurchf entry on H1 ,eurcad (15 min entry) nzdcad, nsdchf, audsgd, eursgd, entry on H1 You might find some of these are still in corrective mode and i am awaiting a break down, same with the longs Longs euraud, eurnzd, gbpaud, gbpnzd,...
PB = pullback or correction

EURUSD short - played out nicely with the first pullback making a lower low
GBPUSD short - still no entry
AUDCAD short - first PB after the breakdown made a new low
AUDUSD short - first and second PBs made new lows
NZDUSD short - first PB made a new low but the second one went higher
AUDCHF short - first and second PBs made new lows
EURCHF short - no entry but price has broken down and awaiting first PB
EURCAD short - from H4 correction but no breakdown as of yet
NZDCHF short - first PB made a new low , second PB went higher
AUDSGD short - first and second PB made new lows
EURSGD short - nearing breakdown on H1 into trend

EURAUD long - first PB made a new high , second PB in progress
EURNZD long - first PB made a new high , second a new low
GBPAUD long - first PB made a new high
GBPNZD long - first PB made a new high
USDCHF long - first PB made a new high, second PB in progress

DXY long - first PB made a new high

USDMXN on the new cable thread is a correction on D1 with W1 which is also corrective, might take some time for this one to play out
EURJPY - first PB made a new high

All in all a good result
Follow The Markets Structure - Patience and Discipline
  • #767,727
  • Aug 16, 2023 1:10pm Aug 16, 2023 1:10pm
Poor fomc movement
yes yes yes
  • #767,728
  • Aug 16, 2023 1:15pm Aug 16, 2023 1:15pm
If Daily Candle closes above 1.272 Bulls are finally cracking the Resistance and price will finally close above it. We'll see..
  • #767,729
  • Aug 16, 2023 1:18pm Aug 16, 2023 1:18pm
Come on mister Aussie
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yes yes yes
  • #767,730
  • Aug 16, 2023 1:20pm Aug 16, 2023 1:20pm
Quoting TheWraith
If Daily Candle closes above 1.272 Bulls are finally cracking the Resistance and price will finally close above it. We'll see..
I am still counting GU as a PB on H4 unless we get a daily close above my W1
Follow The Markets Structure - Patience and Discipline
  • #767,731
  • Aug 16, 2023 1:22pm Aug 16, 2023 1:22pm
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yes yes yes
  • #767,732
  • Aug 16, 2023 1:26pm Aug 16, 2023 1:26pm
no direction...stay away
  • #767,733
  • Aug 16, 2023 1:26pm Aug 16, 2023 1:26pm
Quoting pipfarm
{quote} I am still counting GU as a PB on H4 unless we get a daily close above my W1
Uhm.

Well, Weekly is still in an uptrend and this daily candle could just be a beginning of another rally.
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  • #767,734
  • Aug 16, 2023 1:28pm Aug 16, 2023 1:28pm
Adding AUD/NZD in my trades today.
  • #767,735
  • Aug 16, 2023 1:29pm Aug 16, 2023 1:29pm
Quoting ninner
no direction...stay away
Looks like the market is actually over this time buddy...
You have to have an IQ higher than 90 to interact with this user.
  • #767,736
  • Aug 16, 2023 1:29pm Aug 16, 2023 1:29pm
You shell not pass
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yes yes yes
  • #767,737
  • Aug 16, 2023 1:31pm Aug 16, 2023 1:31pm
This should be it for this Week, no more important news left. Next week, BRICS and Jackson Hole.

I'll be paying attention to MF from Japan next week. Yen is getting pretty much destroyed at the moment.
Also will look out for any comments about CHF.
  • #767,738
  • Aug 16, 2023 1:39pm Aug 16, 2023 1:39pm
Quoting Moty
Poor fomc movement
it’s the minutes very rarely see a move
Insane in the Brain..
  • #767,739
  • Aug 16, 2023 1:41pm Aug 16, 2023 1:41pm
if it can through resistance than i can see purpose to go long
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  • #767,740
  • Aug 16, 2023 1:42pm Aug 16, 2023 1:42pm
Quoting Moty
Come on mister Aussie {image}
It MUST pay!
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