Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable Update - Continued 61 replies

Cable (GBPUSD) vs Euro (EURUSD) 27 replies

Cable Update (GBP/USD) without Idiots 23 replies

Why is GBPUSD called cable? 66 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

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?
Quoting Sezavo
I'm short target 1.20 buy for now
If we see 1.20, then we'll see 1.19 almost definitely.
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.
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.
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!
Quoting TheWraith
{quote} If we see 1.20, then we'll see 1.19 almost definitely.
only time can tell. Let's see!
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
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!
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}
I think we have to slow it down a bit:

Last US-Datas showing that:
a) Economy is growing
b) Prices are going up (again)

>Rates (should go) Up, FED more hawkish

Today's CPI was lower than expected on GBP but the rush down was completely overdone (too much for the datas) and also, in my opinion, it is GOOD for GBP if CPI goes down -except that the interest rates could not go up any further or they even lower them in UK- I think that is the reason why it dropped - even if a lower CPI is better for GBP but overall cooling prices is what BOE has to care about.

Anyway, I find it also really weird that the expectations are 99% that the rates will not be raised. As I said and also mentioned from Jolita the numbers are showing FED should be at least more aggressive in their voice.

If I would be FED today I probably would surprise the market with another rate hike. The current situation is not under control and that is the main point of FED to take care of -even if the economy is running.

Of coure if we get another rate hike in USA, Dollar will probably get even more stronger. That's I think what we see currently in the chart.
I'm stuck with 2 Open Buy positions, should I close them? I don't see it pulling back anymore soon.
Secret to the Price Action is Liquidity.
tp miss and stopped at BE....


i am preparing for 1.25 by next week
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-09-18_12-34-04_49daf.png Size: 35 KB
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting TheWraith
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!
Exactly. Most times after first initiation of inlfation there is a cooling down (we saw that lost months) and than another spike comes. That's why I cannot understand FED that they don't hike rates more. Inflation has to be killed, I cannot see that in the numbers on US-Side.
Quoting MichaelG
{quote} 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
Found it. Trying to understand how to use this.
Quoting ArnoldPike
{quote} only young children and teens wouldnt already know USA in a recession. stock market is collateral value not real world value. eye eye eye ! the hint is in the wording = "stock" aka valued possessions or retained objects of perceived value. and now market = a worldy gathering of perceived or reflected value on offer or observed and documented. really would improve your trading if a person took the time to research these things.
almost half of the world's economy is in recession, but i am more interested in when we'll see this in the chart so we can trade it
I make my own luck.
Bulls need to beat 1.2380
Live trade ~ GBPUSD only. Follow at your own risk!
Quoting iusman23
I'm stuck with 2 Open Buy positions, should I close them? I don't see it pulling back anymore soon.
Why were you Long? How do you trade?
I am long with target @12500 / 550 fwif... Started scaling in on way down.. best entry at 12338 - worst entry @ 12358 and another 5 positions between those 2 entries USD news should push us up later imo GOOD LUCK ALL
B4 Elvis there was nothing
Quoting Yngwie
Bulls need to beat 1.2380
Previous support of 1.2364 is new resistance

Getting rejected
Quoting TheWraith
{quote} Why were you Long? How do you trade?
Currently support and resistance, I went long went there was new resistance at 1.24045. It pulled back down and I went long. But it never went back up.
Secret to the Price Action is Liquidity.
Quoting JackintheBox
{quote} Exactly. Most times after first initiation of inlfation there is a cooling down (we saw that lost months) and than another spike comes. That's why I cannot understand FED that they don't hike rates more. Inflation has to be killed, I cannot see that in the numbers on US-Side.
Market is still asleep as to what is really going on... I wonder if this will be a clue to investors to start buying Gold...
74 traders viewing now, 18 are members:
,
John12
,
CAB345
,
billGU
,
,
Coreg2004
,
,
Waveskierrob
,
Invisiblex
,
pthread
,
romeonje
,
luisinho
,
bigbadbarry
,
CuriousTrade
,
Billion.pips
,
Maverick02
,
keep4x
,