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Cable Update (GBPUSD)

  • #776,841
  • Sep 20, 2023 2:27pm Sep 20, 2023 2:27pm
Quoting BeeTogether
Seems we are in for a no rate rise tomorrow too.. maybe open up 122?
Inflation in England is much higher than in USA and EU.
  • #776,842
  • Sep 20, 2023 2:28pm Sep 20, 2023 2:28pm
Classic Fed Meeting Price Action... down up down.
  • #776,843
  • Sep 20, 2023 2:29pm Sep 20, 2023 2:29pm
Quoting JackintheBox
{quote} We currently see collecting shorts a bit slower, ready to attack 1.2350... So they wait until he finished talking. Also USD/CHF is at the border to gain new ground. I think we see real USD strength. So no long for me.
Ok, we saw the final attack but now correction. I think later they will take new attempt to break through 1.2350 completely. FED finished talking. I would not recommend to take a position now except short at 1.2349 with SL on 1.2365. I would never take that trade because it's not my style but all looks for new lows. FED talk was well, better than expected and as I said before: If they have to raise the rates one more time they do it... that was the sentence I waited for. So, yes even after 9 weeks of USD strength we could see another leg down on GBP/USD. I go to bed, all positions closed.
See you tomorow probably.
  • #776,844
  • Sep 20, 2023 2:29pm Sep 20, 2023 2:29pm
Quoting Eren10
{quote} Inflation in England is much higher than in USA and EU.
however it has dropped a bit today. I think a rate rise could still happen but odds a lot lower than they were this time last week
Insane in the Brain..
  • #776,845
  • Sep 20, 2023 2:37pm Sep 20, 2023 2:37pm
... There are probably a lot of longer-term long-position stops under 2307? How strong are the bears now? Possible demand initially all the way down to that 2307? 2333 the current dly lo. Circa 2325 = Wkly S1, and circa 2311 = Dly S3.

wly below
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Trader with an Edge.
  • #776,846
  • Sep 20, 2023 2:39pm Sep 20, 2023 2:39pm
Quoting Nordling
Hawkish pause or a dovish hike in 20 minutes? I am guessing it will be a hawkish pause with a higher gdp growth rate projection. Which should be enough to support USD. Going short again in DJ30 (us30) Short from 34700 SL at 35100
DJ is crashing lmao
You have to have an IQ higher than 90 to interact with this user.
  • #776,847
  • Sep 20, 2023 2:39pm Sep 20, 2023 2:39pm
I am long with 3 positions, I'm afraid if it breaks the lowest support.
Secret to the Price Action is Liquidity.
  • #776,848
  • Sep 20, 2023 2:43pm Sep 20, 2023 2:43pm
Quoting Waveskierrob
{quote} ...same here BE 7400...
FTSE short adds seem to be going well so far. this swing will take a long time tho
  • #776,849
  • Sep 20, 2023 2:47pm Sep 20, 2023 2:47pm
About to get stop out!
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Face 'ur fears & tame 'ur greed
  • #776,850
  • Sep 20, 2023 2:53pm Sep 20, 2023 2:53pm
Very nice bearish candle , eurusd continues the downtrend sell sell sell
Master your mind. Master Trading.
  • #776,851
  • Sep 20, 2023 2:54pm Sep 20, 2023 2:54pm
...currently not looking good for the intraday+ bulls, but you never know - anything can happen and price is in a potential supp zone (s.) 4hr candle shaping up to be a big bearish thrust and possibly bearishly engulfing the previous 19 on that t/f...see how it closes in just over 1hr.

4hr below
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Trader with an Edge.
  • #776,852
  • Sep 20, 2023 2:55pm Sep 20, 2023 2:55pm
Impassioned, opened another long position at 12345.9
Expecting today's lows, but profit taking should take place soon, oversold too.
I probably will leave for a day.
  • #776,853
  • Sep 20, 2023 2:58pm Sep 20, 2023 2:58pm
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If BP doesn't go below 1.23 33 in the next 30 min. ...it will be a bullish sign for me. Short , as shown . . .

  • #776,854
  • Sep 20, 2023 3:00pm Sep 20, 2023 3:00pm
we can make it? Good! Happy trading to all
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People don't plan to lose. They lose because they don't plan.
  • #776,855
  • Sep 20, 2023 3:02pm Sep 20, 2023 3:02pm
Quoting elbert3
The 5 min rule takes us back into longs again . Thought we had it there on the extension fib . But still feel in my trading instincts it’s going down. Might be trading long before USA news then drop .?
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As above come on baby
  • #776,856
  • Sep 20, 2023 3:03pm Sep 20, 2023 3:03pm
Quoting ScalaFX
morning GU sold 2370 hope for slide down, still shorting BTC and DJ30, happy pippin
DJ today rules in first phase I wonna cut my positions but I thrusted my system like always and hold into some drawdown now I thanks that I not close this, overall super day, cheers!
People don't plan to lose. They lose because they don't plan.
  • #776,857
  • Sep 20, 2023 3:04pm Sep 20, 2023 3:04pm
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Phew the trend is your friend . Plus all the hedge longs it’s not been a bad day lol
  • #776,858
  • Sep 20, 2023 3:06pm Sep 20, 2023 3:06pm
Quoting JereMi256
About to get stop out! {image}
Stopped out!
Face 'ur fears & tame 'ur greed
  • #776,859
  • Sep 20, 2023 3:11pm Sep 20, 2023 3:11pm
Quoting ScalaFX
{quote} DJ today rules in first phase I wonna cut my positions but I thrusted my system like always and hold into some drawdown now I thanks that I not close this, overall super day, cheers!
Well done buddy.

Today is just not my day but we shall see about the rest of the week.
Face 'ur fears & tame 'ur greed
  • #776,860
  • Sep 20, 2023 3:17pm Sep 20, 2023 3:17pm
The Large Hadron Collider (LHC) will T R&D Double its power... collusion collision
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