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Cable Update (GBPUSD)

  • #772,381
  • Sep 4, 2023 3:15am Sep 4, 2023 3:15am
Quoting BeeTogether
{quote} which they alluded to JHS. Even the commentary on Bloomberg was saying rates to rise as and when Fed sees fit. To me that was more dovish than hawkish yet the market though otherwise
With the CME FED rate watch suggesting 93% probability of no rate increase 'the market' isn't pricing in a rate increase right now something else is happening. I am not sure what other than the market is moving prices where it can. Watching the majors looking for an opportunity and nothing is making sense to me this AM.
  • #772,382
  • Sep 4, 2023 3:24am Sep 4, 2023 3:24am
Still a buyer
Above daily pivot 1.26253
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yes yes yes
  • #772,383
  • Sep 4, 2023 3:28am Sep 4, 2023 3:28am
Quoting Konichiwhaat
Short. Last trade before my holiday {image}
Adding here. Possible exhausted and a nice roll over?
Emotional Control. Process, not outcome.
  • #772,384
  • Sep 4, 2023 3:34am Sep 4, 2023 3:34am
I’m bull till 1.29**. bears sell to me I’m buying
  • #772,385
  • Sep 4, 2023 3:41am Sep 4, 2023 3:41am
Quoting Karkinase
I’m bull till 1.29**. bears sell to me I’m buying
You got your self a deal
Emotional Control. Process, not outcome.
  • #772,386
  • Sep 4, 2023 3:51am Sep 4, 2023 3:51am
Short @1.2631

Quoting JereMi256
Short @1.2631
More room for upside, Open SL for now.
Face 'ur fears & tame 'ur greed
  • #772,387
  • Sep 4, 2023 4:05am Sep 4, 2023 4:05am
Quoting Waveskierrob
Good morning one and all .....GU to go down massively....only joking I don't know...
I don't know too......
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  • #772,388
  • Sep 4, 2023 4:11am Sep 4, 2023 4:11am
Quoting dantpm
{quote} With the CME FED rate watch suggesting 93% probability of no rate increase 'the market' isn't pricing in a rate increase right now something else is happening. I am not sure what other than the market is moving prices where it can. Watching the majors looking for an opportunity and nothing is making sense to me this AM.
% agree with you there.. there could be that BoE is looking to pause rates but in terms of movement BoE is around 3-6 months behind the Fed. Therefore potentially October/November for any rate rise pause there. UK looks more likely to go into a recession too which again could be the cause of stalemate in movements.
Insane in the Brain..
  • #772,389
  • Sep 4, 2023 4:12am Sep 4, 2023 4:12am
Quoting Sezavo
I'm expecting 1.26500!
im expecting 12750 this week as a minimum
Insane in the Brain..
  • #772,390
  • Sep 4, 2023 4:22am Sep 4, 2023 4:22am
Today. 1 pair. 1% aim. real money. Real trading.

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Real Trading is not gambling.
  • #772,391
  • Sep 4, 2023 4:37am Sep 4, 2023 4:37am
Looks like bullish momentum is dropping. Placed two sells around 1.2630, SL 12645, TP 12541. Its worth noting price retraced to a confluence of both the weekly and daily pivot, typically a very strong resistance/support.
  • #772,392
  • Edited 5:57am Sep 4, 2023 4:41am | Edited 5:57am
Quoting kenny4real
{quote} Wow...I never knew you held those trades! Anyway, I'm waiting to start shorting GU from 1.26360. But if price mistakenly gets to 1.26580(extended Stop hunt), then my broker will hear from me today . Trade safe guys
Sell orders filled @ 1.26360...SL @ 1.2700, tp @ Asia open, lets see how it goes
  • #772,393
  • Sep 4, 2023 4:42am Sep 4, 2023 4:42am
Sell limit for me @26311
#Stay blue. /swinger/scalper/
  • #772,394
  • Sep 4, 2023 4:46am Sep 4, 2023 4:46am
Quoting dantpm
{quote} With the CME FED rate watch suggesting 93% probability of no rate increase 'the market' isn't pricing in a rate increase right now something else is happening. I am not sure what other than the market is moving prices where it can. Watching the majors looking for an opportunity and nothing is making sense to me this AM.
China economy is what driving Dollar rn (Businesses) and GOLD (households) - Both parties want safe haven assets, as economic pessimism due to the housing market bubble which may drag the financial sector with it.

Given the government dont allow its population to have access to foreign other safe haven assets, apart from their house the only thing they have access to safe guard their wealth value is GOLD.

This is why both USDx and GOLD are together.

GOLD is on a corrective wave atm.

My 2 cents
More time in the market, does not mean you trade better!
  • #772,395
  • Sep 4, 2023 5:03am Sep 4, 2023 5:03am
Quoting Georginson
{quote} Sold as well at 1.2623, target is around 1.2576... I will change my bearish plan if price attacks 1.2700. This week may see a fall to 1.2480 area, something that should have happened last month.
Similar plan Baba, just a slight pip difference. Im rooting for 1.246 this week
Face 'ur fears & tame 'ur greed
  • #772,396
  • Sep 4, 2023 5:03am Sep 4, 2023 5:03am
Quoting Ehminiz
Sell limit for me @26311
Shorted.
#Stay blue. /swinger/scalper/
  • #772,397
  • Sep 4, 2023 5:19am Sep 4, 2023 5:19am
Quoting Nordling
{quote} Nope. Wait until you see few h1 bars making a bottom. That's when you know bears are exhausted. When it bottoms, close it, switch to buy for the rest of the month. No need to thank
I hope some guys took that advice seriously, price is working in my way and continue to will for the rest of the month
You have to have an IQ higher than 90 to interact with this user.
  • #772,398
  • Sep 4, 2023 5:34am Sep 4, 2023 5:34am
Quoting JereMi256
Short @1.2631 {quote} More room for upside, Open SL for now.
SL set @1.2654
Face 'ur fears & tame 'ur greed
  • #772,399
  • Sep 4, 2023 5:37am Sep 4, 2023 5:37am
Quoting Nordling
{quote} I hope some guys took that advice seriously, price is working in my way and continue to will for the rest of the month
with you all the way mate.
Insane in the Brain..
  • #772,400
  • Sep 4, 2023 5:39am Sep 4, 2023 5:39am
Quoting PeterCaleb
Today. 1 pair. 1% aim. real money. Real trading. {image}
Peter..that snapshot? C'mon..what's the point?
There's no trades, no instrument? You'd be first to scoff and laugh if someone else posted something like that up.

Birdland asked u a question on FTSE/GU correlation. In my earlier eager years I thought yup, this is just an inverse relationship. yes, Ftse goes up and pound goes down..but I found no use for it in intraday trading as they can both trend away quite a bit from what one would think to be the norm. Maybe you are talking bout how they correlate over a far greater time period..although some how I don't see how that would be useful to u as u are taking short term posts and posting the snapshots.

I would say the FTSE was created to give a snapshot of how the UK economy was performing (albeit limiting that to the 100 most capitalised businesses in UK), like most countries indices..of course DJIA is a price-weighted index that can be easier manipulated..(thinking back to the days of MMM driving it..high price but low overall percentage of index).

I can't say I understand most of your reply to Birdland, and I'm sure I'm not the only one here. As a lot of folk have said before....if it can't be explained in a short precise text, the meaning will be lost.
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