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Cable Update (GBPUSD)

  • #774,741
  • Sep 14, 2023 12:18pm Sep 14, 2023 12:18pm
Quoting eyefeelsix
{quote} in that case H&S is on underground not in the air
As long as it worked, why questioned it?
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More time in the market, does not mean you trade better!
  • #774,742
  • Sep 14, 2023 12:19pm Sep 14, 2023 12:19pm
Quoting dantpm
{quote} If the economy is already slowing, raising rates accelerates the slowing hurting the economy unnecessarily. The EU team is every bit as bright as the FED!
haha they are much like their counterparts only EU is always late to the party I find
Master your mind. Master Trading.
  • #774,743
  • Sep 14, 2023 12:25pm Sep 14, 2023 12:25pm
Quoting Fardeen1209
{quote} As long as it worked, why questioned it? {image}
and you will not find that technique on the google or internet "underground head and shoulders / quasimodo"
https://breakpullback.com
  • #774,744
  • Sep 14, 2023 12:28pm Sep 14, 2023 12:28pm
Quoting dantpm
{quote} Fardeen, your explanation above makes sense. Now with an unexpected rate increase, if the market reacted to the rate increase in a rational manner the price of the EU should have risen. It fell hard. Higher rates typically curb inflation and attract savings instead of lending to support economic expansion as you pointed out. Higher rates tend to strengthen the currency. This is the whole reason that the FED is so bent out of shape about 2% inflation when they double the deficit!
Lagarde Hawkish Speech treated as Dovish
Why?
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More time in the market, does not mean you trade better!
  • #774,745
  • Sep 14, 2023 12:31pm Sep 14, 2023 12:31pm
Quoting T721
{quote} EU needs to get above green dotted resistance line ... keeps toying with it {image}
i need zoom with you.


i want to learn more u make magic calls
MY OPINION NOT FINANCIAL ADVISE
  • #774,746
  • Sep 14, 2023 12:33pm Sep 14, 2023 12:33pm
Hello. What is happening?
US doing well it seems.
Back to 124, entered long one more time. FTSE back to 77, profit taken.
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  • #774,747
  • Sep 14, 2023 12:36pm Sep 14, 2023 12:36pm
Quoting donfriday
{quote} i need zoom with you. i want to learn more u make magic calls
tonight if you want.. can do zoom about 9pm UK if you are free
  • #774,748
  • Sep 14, 2023 12:36pm Sep 14, 2023 12:36pm
Quoting Fardeen1209
{quote} Lagarde Hawkish Speech treated as Dovish Why?{image}
it was priced in... that's the only explanation you can use to be always right analyzing after the fact. It's TV experts' favored twist after their prediction goes sideways.
Always trade your own plan...I don't provide trading signals.
  • #774,749
  • Sep 14, 2023 12:38pm Sep 14, 2023 12:38pm
Quoting Fardeen1209
{quote} Lagarde Hawkish Speech treated as Dovish Why?{image}
At least Powell says that we will continue to review the data and adjust rates accordingly suggesting that it is a professional process and he is part of a professional team. Lagarde comes across as the wrong person for the job or lacking the appropriate skills (leadership, civil, management, negotiating) for the job or however else you want to say it!
  • #774,750
  • Sep 14, 2023 12:40pm Sep 14, 2023 12:40pm
Dx , gap closed
Bow can we go to the dropping part ?
yes yes yes
  • #774,751
  • Sep 14, 2023 12:40pm Sep 14, 2023 12:40pm
Quoting eyefeelsix
{quote} and you will not find that technique on the google or internet "underground head and shoulders / quasimodo"
I used QM, just can no longer perceive anything right.
Had a hectic day, need to take a break.
Will be back on Monday
More time in the market, does not mean you trade better!
  • #774,752
  • Sep 14, 2023 12:42pm Sep 14, 2023 12:42pm
Quoting Moty
Dx , gap closed Bow can we go to the dropping part ?
DXY continues to rise, EU continues to fall, Gold is ranging as is GU right now.
  • #774,753
  • Sep 14, 2023 12:44pm Sep 14, 2023 12:44pm
Hell ya eurusd go to hell!
Master your mind. Master Trading.
  • #774,754
  • Sep 14, 2023 12:44pm Sep 14, 2023 12:44pm
Quoting T721
{quote} tonight if you want.. can do zoom about 9pm UK if you are free
ya no response huh! Too busy getting rekt!
Master your mind. Master Trading.
  • #774,755
  • Sep 14, 2023 12:45pm Sep 14, 2023 12:45pm
Quoting Coreg2004
{quote} it was priced in... that's the only explanation you can use to be always right analyzing after the fact. It's TV experts' favored twist after their prediction goes sideways.
Agreed, at this point when Lagarde speaking i'm already out.
Spike both way could happen in real time on governors' speeches,
But we can used is to assess the sentiment

The Fxstreet team, the only fundamental team who always got it right
More time in the market, does not mean you trade better!
  • #774,756
  • Sep 14, 2023 12:50pm Sep 14, 2023 12:50pm
Quoting ScalaFX
Long GU 2405 SL2380 TP 2580
who’s shitting their pants now !? Hahaha
Master your mind. Master Trading.
  • #774,757
  • Sep 14, 2023 12:52pm Sep 14, 2023 12:52pm
This is massive support for eu
It have to stop there
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yes yes yes
  • #774,758
  • Sep 14, 2023 12:53pm Sep 14, 2023 12:53pm
Another 2 wins
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yes yes yes
  • #774,759
  • Sep 14, 2023 12:54pm Sep 14, 2023 12:54pm
Quoting T721
{quote} tonight if you want.. can do zoom about 9pm UK if you are free
WEEKEND?
MY OPINION NOT FINANCIAL ADVISE
  • #774,760
  • Edited 1:41pm Sep 14, 2023 12:55pm | Edited 1:41pm
Though almost no play today, so checking pa what doing so far, bear continues in strong hand, now below 2400 and so next target goes 2308, ok 2340 intermediate.
Wherase gold suddenly initiated minute reversal attempts may signal next reversal for timebeing, waiting. Better eu gu finish their tanking! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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