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Cable Update (GBPUSD)

  • #773,261
  • Sep 7, 2023 5:38am Sep 7, 2023 5:38am
Too bad t721 keeps blowing his acct by trying to long gbpusd!! Lol what a loser
  • #773,262
  • Sep 7, 2023 5:39am Sep 7, 2023 5:39am
Quoting Nordling
{quote} Same here. Waiting for the unemployment claims + price action to confirm long. We will wait for the perfect time. {image}

Mate BoE has taken its muzzle off and the pound dropping like a lead balloon. Let’s see when we can see a corrective move up.
Insane in the Brain..
  • #773,263
  • Sep 7, 2023 5:46am Sep 7, 2023 5:46am
Added GUs @12554 dont try this at home
  • #773,264
  • Sep 7, 2023 5:46am Sep 7, 2023 5:46am
only up 3pips on it atm
  • #773,265
  • Sep 7, 2023 5:46am Sep 7, 2023 5:46am
Still waiting for the long correction.

Funny how there are ppl here who thinks market only moves one way.

There we go.
Exhausted
  • #773,266
  • Sep 7, 2023 5:48am Sep 7, 2023 5:48am
Quoting Elysion
Still waiting for the long correction. Funny how there are ppl here who thinks market only moves one way.
Well said
  • #773,267
  • Edited 6:06am Sep 7, 2023 5:49am | Edited 6:06am
Quoting BeeTogether
{quote} Mate BoE has taken its muzzle off and the pound dropping like a lead balloon. Let’s see when we can see a corrective move up.
Yes, there are literally no good news from UK nor EU. I am not confident with the strength of USD though. Except the PMIs, no good news come from USA either.

Until a bullish momentum is confirmed, i will wait in the sidelines. I cannot go short since the macroeconomic indicators are not giving me the short signals
You have to have an IQ higher than 90 to interact with this user.
  • #773,268
  • Sep 7, 2023 5:49am Sep 7, 2023 5:49am
UJ is so choppy wtf. It's the same yesterday
Exhausted
  • #773,269
  • Sep 7, 2023 5:50am Sep 7, 2023 5:50am
Quoting T721
Added GUs @12554 dont try this at home
Is that a typo or a pending order?
  • #773,270
  • Sep 7, 2023 5:52am Sep 7, 2023 5:52am
Quoting Elysion
{quote} Weekly is definitely down, but there's no saying that the market only moves one sided in lower tf of hourly
I'm not talking to those people
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #773,271
  • Sep 7, 2023 5:53am Sep 7, 2023 5:53am
Quoting dantpm
{quote} Is that a typo or a pending order?
i am long @12454

Sorry was a typo, fat fingered her
  • #773,272
  • Sep 7, 2023 5:56am Sep 7, 2023 5:56am
I am long 0,8M at 1.2451 TP 1.2635 SL 1.2340 GBP index H4 - Thomas Demark Buy setup, USD Index sell TD reinforcement 9-13-9 , EURGBP sell TD setup, GBPUSD H4 Buy TD setup in wedge pattern + ADX higher than 40, GBPUSD M30 Buy TD Combo + BUY TD sequential, GBPUSD M5 ADX over 60.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPLFXH4.png Size: 40 KB
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Click to Enlarge Name: GBPUSDM30.png Size: 36 KB
Click to Enlarge Name: USDLFXH4.png Size: 30 KB
Click to Enlarge Name: GBPLFXM30.png Size: 28 KB
Click to Enlarge Name: EURGBPH4.png Size: 22 KB
  • #773,273
  • Sep 7, 2023 5:58am Sep 7, 2023 5:58am
Waiting for new hourly candles.
Exhausted
  • #773,274
  • Sep 7, 2023 5:59am Sep 7, 2023 5:59am
Quoting Nordling
{quote} Yes, there are literally no good news from UK nor EU. I am not confident with the strength if USD though. Except the PMIs, no good news come from USA either. Until a bullish momentum is confirmed, i will wait in the sidelines. I cannot go short since the macroeconomic indicators are not giving me the short signals
Exactly! Everything is pointing to a crazy rebound however UK is crumbling at a steady rate too. There isn’t any UK data this week that can help it either hence free fall from minor data events.

if I’m not mistaken FOMC is next week which could show US pausing increases in line with Jackson Hole statement analysis. The thing is UK is at breaking point there is a recession looming which in a way seems to be orchestrated by the BoE and the government to curb inflation. 12750 is still my area of interest albeit for different reasons now. Before it was for a jump board to 130-132 however as we are in a bearish environment 12750 would be the top of the correction before a continuation to drop below 124
Insane in the Brain..
  • #773,275
  • Sep 7, 2023 6:02am Sep 7, 2023 6:02am
Quoting T721
Added GUs @12554 dont try this at home
I'm planning to close it before the news.
Can't really imagine news making big moves to north.
I rather stay sidelines on news
Exhausted
  • #773,276
  • Sep 7, 2023 6:03am Sep 7, 2023 6:03am
Quoting Elysion
{quote} Eh... shouldn't you be able to grab some pips if you're short? I closed mine at average of 25 pips.
Yes, but i shorted from 146.74 and been adding. The averge is a loss. Cheers
POSTMASTER
  • #773,277
  • Sep 7, 2023 6:06am Sep 7, 2023 6:06am
Quoting BeeTogether
{quote} Exactly! Everything is pointing to a crazy rebound however UK is crumbling at a steady rate too. There isn’t any UK data this week that can help it either hence free fall from minor data events. if I’m not mistaken FOMC is next week which could show US pausing increases in line with Jackson Hole statement analysis. The thing is UK is at breaking point there is a recession looming which in a way seems to be orchestrated by the BoE and the government to curb inflation. 12750 is still my area of interest albeit for different reasons now. Before...
12750 is damn far unless BOE steps in to do something.
With all those things happening in UK we might even see 12300 area (May 23 lowest point) this month.
Exhausted
  • #773,278
  • Sep 7, 2023 6:09am Sep 7, 2023 6:09am
Quoting Elysion
{quote} I'm planning to close it before the news. Can't really imagine news making big moves to north. I rather stay sidelines on news
"You dont need to know what is going to happen next in order to make money"

I also open my first round of buy at 1.2459

But always follow your plan
More time in the market, does not mean you trade better!
  • #773,279
  • Sep 7, 2023 6:11am Sep 7, 2023 6:11am
Quoting Robinhood1
{quote} Yes, but i shorted from 146.74 and been adding. The averge is a loss. Cheers
Ah, averaging down to a minor loss.
That's aight. Cheers.
Exhausted
  • #773,280
  • Sep 7, 2023 6:11am Sep 7, 2023 6:11am
Quoting Fardeen1209
{quote} "You dont need to know what is going to happen next in order to make money" I also open my first round of buy at 1.2459 But always follow your plan
Maybe leaving a few positions open for news hehe.
Exhausted
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