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Cable Update (GBPUSD)

  • #772,761
  • Sep 5, 2023 1:57pm Sep 5, 2023 1:57pm
Quoting eyefeelsix
{quote} target MHP 1.25 for 0.5% risk reward 2.19% {image}

target impulse wave updated for potential crab pattern, before @1.2450 ( Daily Bullish OrderBlock zone )

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https://breakpullback.com
  • #772,762
  • Sep 5, 2023 2:00pm Sep 5, 2023 2:00pm
Quoting Ferna
{quote} farsa? What means
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People don't plan to lose. They lose because they don't plan.
  • #772,763
  • Sep 5, 2023 2:08pm Sep 5, 2023 2:08pm
Quoting eyefeelsix
{quote} target impulse wave updated for potential crab pattern, before @1.2450 ( Daily Bullish OrderBlock zone ) {image}
I knew it, it was only a matter of time, Awesome...
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Always trade your own plan...I don't provide trading signals.
  • #772,764
  • Sep 5, 2023 2:12pm Sep 5, 2023 2:12pm
Cable will reverse 1.2020
POSTMASTER
  • #772,765
  • Sep 5, 2023 2:12pm Sep 5, 2023 2:12pm
Quoting Coreg2004
{quote} I knew it, it was only a matter of time, Awesome... {image}
Coreg, Thank you! we are almost always in the same boat, the market riddles are simple to solve btw
https://breakpullback.com
  • #772,766
  • Edited 2:25pm Sep 5, 2023 2:13pm | Edited 2:25pm
Quoting TheWraith
GBP/USD Based on the Hourly TF, while we still don't have a signal to go Long, candles are closing just right for Long to become a possibility tommorow. We'll see before Franky what the situation will look like. By looking at the Weekly TF, because of today, the Weekly candle dropped below the Support at 1.256. However, the price has returned above the Support as this day nears its end. Weekly would have to close below this Support before we can start talking about lower levels like 1.243 and 1.211. Still clueless about the real direction on GBP/USD....
If today's close stays above 1.2550, the down swing remains just a pullback for me, giving an expectation for small TFs to begin cycling upward to build a Daily return up.

And with H1 currently beginning a swing down after an upswing, I would like to see this end as a mere pullback (higher low).
To free Gazans of Hamas, use whatever it takes.
  • #772,767
  • Sep 5, 2023 2:36pm Sep 5, 2023 2:36pm
Quoting Ferna
{quote} very good analysis ️
Thanks! Btw, i forgot to add one more thing:

Let's say i got stopped out again (if i go long after bad pmi report) then i will wait until the FOMC rate hike decision. If they pause, i will go long on Gold, EU and GU again. Pause can help cooling down the strenght of USD and it may cause a big pullback.
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  • #772,768
  • Edited 3:12pm Sep 5, 2023 2:40pm | Edited 3:12pm
that's why sample trading is better, because there is no what if
and it is known where the SL should be placed.
  • #772,769
  • Sep 5, 2023 2:41pm Sep 5, 2023 2:41pm
Quoting Ferna
{quote} Oh you have to use google to translate your own language?
I translated to you polisch word men
People don't plan to lose. They lose because they don't plan.
  • #772,770
  • Sep 5, 2023 3:08pm Sep 5, 2023 3:08pm
Quoting Nordling
{quote} Thanks! Btw, i forgot to add one more thing: Let's say i got stopped out again (if i go long after bad pmi report) then i will wait until the FOMC rate hike decision. If they pause, i will go long on Gold, EU and GU again. Pause can help cooling down the strenght of USD and it may cause a big pullback.
Stay away from scissors.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #772,771
  • Sep 5, 2023 3:13pm Sep 5, 2023 3:13pm
Quoting Bones
{quote} Stay away from scissors.
What do you mean by that my old friend
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  • #772,772
  • Sep 5, 2023 4:11pm Sep 5, 2023 4:11pm
Quoting Nordling
{quote} What do you mean by that my old friend
I've checked the chart and interest rates are bullish, and inflation is up...oil is UP,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #772,773
  • Sep 5, 2023 4:15pm Sep 5, 2023 4:15pm
Quoting Nordling
{quote} Not yet, i gotta see the PMI data in order to go long again. So first of all, FED will either hike or pause. They said they are data dependant, so i am sure they will consider unemployment data,
Anyone that believes a word the FED say is a nutter nutters aren't allowed scissors
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #772,774
  • Sep 5, 2023 4:23pm Sep 5, 2023 4:23pm
Quoting Bones
{quote} Anyone that believes a word the FED say is a nutter nutters aren't allowed scissors
So they aren't data dependant?

Btw i am a nutter, in both meanings
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  • #772,775
  • Sep 5, 2023 4:45pm Sep 5, 2023 4:45pm
Quoting Nordling
{quote} Not yet, i gotta see the PMI data in order to go long again. So first of all, FED will either hike or pause. They said they are data dependant, so i am sure they will consider unemployment data, gdp growth rate, pmis, pce and cpi numbers. My logic is simple: 1. GDP, lower than forecast. (signalling no hike) 2. Unemployment Rate, higher than forecast (no hike again) 3. PMI, not gonna lie they are better than other countries but still tomorrow's data will be the most important PMI this month. So if it disappoints, i will take it as a no hike...
You may want to visit what these economic indicators are telling you.
CPI - is the economy growing or contracting and by how much <relied on by the FED>
GDP - is the economy growing or contracting and by how much
PMI - is the economy growing or contracting and by how much
PCE - is the economy growing or contracting and by how much
Unemployment - suggestive of economic strength or weakness but not as good as employment
Employment (NFP in the US) better indicator of economic strength or weakness <relied on by the FED>
Other than the two indicated the others are suggestive to the market but not necessarily relied on by the FED.
In any event, the market doesn't necessarily react to the data as suggested by the data, it reacts as it wants!
  • #772,776
  • Sep 5, 2023 4:48pm Sep 5, 2023 4:48pm
Quoting dantpm
{quote} You may want to visit what these economic indicators are telling you. CPI - is the economy growing or contracting and by how much <relied on by the FED> GDP - is the economy growing or contracting and by how much PMI - is the economy growing or contracting and by how much PCE - is the economy growing or contracting and by how much Unemployment - suggestive of economic strength or weakness but not as good as employment of the above stats Employment (NFP in the US) better indicator of economic strength or weakness <relied on by the FED> Other...
Current datas are actually indicating that economy is contracting but since we are still betting the rate hikes, bad data is good news, good data is bad news for the markets. Especially for the stock market
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  • #772,777
  • Sep 5, 2023 4:48pm Sep 5, 2023 4:48pm
Good evening everyone one i need to ask something. Can someone tell me where to find this kind of indicator. It shows full volume details. Any idea.
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  • #772,778
  • Sep 5, 2023 4:54pm Sep 5, 2023 4:54pm
Quoting Nordling
{quote} Current datas are actually indicating that economy is contracting but since we are still betting the rate hikes, bad data is good news, good data is bad news for the markets. Especially for the stock market
Since the FED wants 2% inflation they are less likely to raise rates if the economy is contracting from the 8% growth caused by increasing the money supply to fight covid and to fund Biden's economic vision where the US debt is on schedule to double this year.
  • #772,779
  • Sep 5, 2023 5:00pm Sep 5, 2023 5:00pm
Quoting dantpm
{quote} Since the FED wants 2% inflation they are less likely to raise rates if the economy is contracting from the 8% growth caused by increasing the money supply to fight covid and to fund Biden's economic vision where the US debt is on schedule to double this year.
I agree, this is why i am looking for an opportunity to short the dollar
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  • #772,780
  • Sep 5, 2023 5:02pm Sep 5, 2023 5:02pm
1.2661 still seems like an important level and the general area
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