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Cable Update (GBPUSD)

  • #776,561
  • Sep 20, 2023 2:21am Sep 20, 2023 2:21am
Quoting Moty
all the indicator in the world can't help me if i am blind {image}
Agree
Intraday Trading is an Art _ hoda
  • #776,562
  • Sep 20, 2023 2:24am Sep 20, 2023 2:24am
Quoting elbert3
{quote} morning loverly start this morning. As above post . Post the 2358 . And tp was on it . Will support take over or will we see 2305 {image}
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We are in again trying to pinch a few more before it might want to come back a little
  • #776,563
  • Sep 20, 2023 2:25am Sep 20, 2023 2:25am
Quoting BeeTogether
{quote} with FOMC today and a potential rate rise freeze we could see a move above 12450-125. If BoE rates increase tomorrow then 126 cannot be ruled out
US bank rate rise expectation to no change rose to 99%.
5 year comparison chart is showing inflation is picking up so are rates. Difficult decision to make for FEDs.
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  • #776,564
  • Edited 2:59am Sep 20, 2023 2:31am | Edited 2:59am
Quoting bigiivan
Buy GBP\USD at 1,2355. No SL and TP.
Hey! Nice seeing you here.
Hope all is well .
Also bought at 12340 for for a few.

Edit
Closed +20
  • #776,565
  • Sep 20, 2023 2:34am Sep 20, 2023 2:34am
Quoting Lenart
{quote} Tnx for links. Do you just imply those manually to your charts?
For those who rely on Pivot points.
Mitiblotch kindly contributed links.

I am curious, however, do you use standard or Fibo (or any other derivative) Pivot points?
And why values of pivots differ from site to site? And to those that are in my tradewiev platform for that matter.
  • #776,566
  • Sep 20, 2023 2:34am Sep 20, 2023 2:34am
Quoting Jolita
{quote} US bank rate rise expectation to no change rose to 99%. 5 year comparison chart is showing inflation is picking up so are rates. Difficult decision to make for FEDs. {image}
Yeah, this time it's no hike. However, this expectation for November will change dramatically as CPI continues to beat expectations in the future.
  • #776,567
  • Sep 20, 2023 2:36am Sep 20, 2023 2:36am
Attached Image (click to enlarge)
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yes yes yes
  • #776,568
  • Sep 20, 2023 2:37am Sep 20, 2023 2:37am
bought 2347
stop 2325
Intraday only.
  • #776,569
  • Sep 20, 2023 2:41am Sep 20, 2023 2:41am
Quoting dantpm
{quote} What do you use to identify your monthly pivot? I find different tools are giving me different results!
Hi dantpm

you might like to read my post 776515 when you get a moment for some info on pivots,
Hope it helps.
Cheers
Michael
  • #776,570
  • Sep 20, 2023 2:43am Sep 20, 2023 2:43am
Attached Image (click to enlarge)
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Small hedge looking to 2358 our fib target number from yesterdays dt entry looking to maybe short around that number . 2305 would still be a target if ?? If that trade takes place
  • #776,571
  • Edited 3:50pm Sep 20, 2023 2:44am | Edited 3:50pm
I'm short
target 1.20
by for now
  • #776,572
  • Sep 20, 2023 2:44am Sep 20, 2023 2:44am
USD/JPY cracking 148 ahead of Fed and BoJ. I don't know if this pair will make it to 150 before Japan intervenes.
  • #776,573
  • Sep 20, 2023 2:46am Sep 20, 2023 2:46am
Today there is a strike by the junior doctors and nurses But Macron and the Labor leader meeting can make a support. GU 1.233x may be the bottom price of this month?! any bro points of view?
  • #776,574
  • Sep 20, 2023 2:46am Sep 20, 2023 2:46am
Quoting Sezavo
I'm short target 1.20 buy for now
If we see 1.20, then we'll see 1.19 almost definitely.
  • #776,575
  • Sep 20, 2023 2:46am Sep 20, 2023 2:46am
Quoting IgorGG
The September is about to get volatile in the coming days. I expect GBP to bottom out by 20th, when I expect inflation to show signs of resurgence again in the UK and put pressure on bonds (pushing the yields higher) and in turn pushing the GBP higher. By then its hard to tell where the bottom will be. If the USD keeps gaining I'll be looking at 1.2215, but I don't think it would be able to go any further than that. It may reverse sooner.
Today's the big date. We're not quite as low as I thought, and inflation didn't surprise to the upside. While the inflation print was initially negative for the GBPUSD rate, you can certainly find positives for the GBP in the report. Also, the market is already positioned for the hawkish FED; there's a lot of cash on the sidelines waiting for the risk event to end. Therefore, I've entered my medium-term long position at 1.2345, although it's a very light one. After the FED, I will likely buy more, or, in the worst case, just hold.
  • #776,576
  • Sep 20, 2023 2:48am Sep 20, 2023 2:48am
Its over for sterling, another hike from boe isnt going to change the outcome, infact it'll probably make it worse lol long term, lol.

honestly wouldn't be surprised if fed hike one more time making the excuse inflation is creeping back up bla bla bla must remain vigilant bla bla bla.

Just saying.
  • #776,577
  • Sep 20, 2023 2:50am Sep 20, 2023 2:50am
First covid then war. Very nicely timed if you ask me! Very nicely timed to fuc*k us all up and take even that little money we have through inflation and high interest rates. Inflation that THEY CAUSED BY BEING STUPID AND INSANE! If you hope for some soft landing, keep dreaming!
  • #776,578
  • Sep 20, 2023 2:51am Sep 20, 2023 2:51am
Quoting TheWraith
{quote} If we see 1.20, then we'll see 1.19 almost definitely.
only time can tell. Let's see!
  • #776,579
  • Sep 20, 2023 2:54am Sep 20, 2023 2:54am
Quoting Lbrto
posting a buy at 1.23101
Since it's taking its sweet time to hit the buy order, I adjusted it to 1.22802, taking in consideration the volatility when the Fed decision day comes.
"No trade is still a trade." - Peter Borish
  • #776,580
  • Sep 20, 2023 2:54am Sep 20, 2023 2:54am
Quoting Robinhood1
{quote} Completed my strategy. It is a reversal. I went long. 1.2738 may be resistence but it is irelevant now. I will know when it is the end of the swing. I must watch it develope though, higher than 1.2738. The end has come for me to post.
This now might be the last rally against Yen before intervention. If you're still here, watch out!
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