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Cable Update (GBPUSD)

  • #790,061
  • Nov 14, 2023 1:10am Nov 14, 2023 1:10am
Uk data seems better than expected gone long TP over 12310
Insane in the Brain..
  • #790,062
  • Nov 14, 2023 1:14am Nov 14, 2023 1:14am
Quoting BeeTogether
Uk data seems better than expected gone long TP over 12310
data is rather mixed. two red, two green
trading is like dancing, don't think and just listen to the music!
  • #790,063
  • Nov 14, 2023 1:19am Nov 14, 2023 1:19am
Wage earnings come above expectation but still below last month figures.

Tomorrow UK CPI expectation 4.7% is a huge difference from prior month 6.7%.

Possibility for UK CPI to be <6.7% but >4.7%

The market reaction tend to be bullish in that case since GDP QoQ missed slightly the -ve expectation

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Anyone sees other setup.
The only one thing that still support a bearish view in no MSS produced on H4 yet
More time in the market, does not mean you trade better!
  • #790,064
  • Nov 14, 2023 1:20am Nov 14, 2023 1:20am
Quoting birdland
{quote} data is rather mixed. two red, two green
The more important question is how will the data impact UK interest rates.
Higher than expected claimant counts (red) supposedly makes it hard to raise rates.
Lower than expected wage increases (green) are still above targeted increases of 2% suggesting higher rates are required.
Overall unemployment rate flat means it is 'easier' to raise rates.
The potential for rates increases is higher. Appears that price is reflecting this.
  • #790,065
  • Nov 14, 2023 1:21am Nov 14, 2023 1:21am
Quoting Wavegarrick
{quote} My weekly pivot it is Cheers. {image}
Buy. Yes, No?
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Trade to trade another day
  • #790,066
  • Nov 14, 2023 1:25am Nov 14, 2023 1:25am
SHORT @ 1.2290 no sl tp hell...
  • #790,067
  • Nov 14, 2023 1:27am Nov 14, 2023 1:27am
Bulls trap
You shell not pass 1.23000
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yes yes yes
  • #790,068
  • Nov 14, 2023 1:27am Nov 14, 2023 1:27am
Quoting Waveskierrob
SHORT @ 1.2290 no sl tp hell...
copy
People don't plan to lose. They lose because they don't plan.
  • #790,069
  • Nov 14, 2023 1:28am Nov 14, 2023 1:28am
Quoting cablekingdom
In long-1.2240 Tp-1.2305 Sl-1.2228
Closed, +55 pips
  • #790,070
  • Nov 14, 2023 1:30am Nov 14, 2023 1:30am
GJ 186.455 short
People don't plan to lose. They lose because they don't plan.
  • #790,071
  • Nov 14, 2023 1:31am Nov 14, 2023 1:31am
Quoting Moty
Bulls trap You shell not pass 1.23000 {image}
ok then
  • #790,072
  • Nov 14, 2023 1:32am Nov 14, 2023 1:32am
Quoting Waveskierrob
SHORT @ 1.2290 no sl tp hell...
follow sold 1.2299
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #790,073
  • Nov 14, 2023 1:34am Nov 14, 2023 1:34am
sold 1.23

target 300pips


not a trading advice
MY OPINION NOT FINANCIAL ADVISE
  • #790,074
  • Nov 14, 2023 1:34am Nov 14, 2023 1:34am
closed long..open short
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  • #790,075
  • Nov 14, 2023 1:35am Nov 14, 2023 1:35am
Life in the old dog yet.
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  • #790,076
  • Nov 14, 2023 1:38am Nov 14, 2023 1:38am
Quoting donfriday
sold 1.23 target 300pips not a trading advice
I think 20 pips early, no short signal yet on any TF, rest it's market--anything can happen
  • #790,077
  • Nov 14, 2023 1:39am Nov 14, 2023 1:39am
GA
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  • #790,078
  • Nov 14, 2023 1:40am Nov 14, 2023 1:40am
360
Could be degrees or TP target
  • #790,079
  • Nov 14, 2023 1:42am Nov 14, 2023 1:42am
In long 1.2298 ....only 1 lot......tp-1.2368

Sl-1.2280
  • #790,080
  • Nov 14, 2023 1:44am Nov 14, 2023 1:44am
123 struggling to break so far. Looking for an overshot initially
Insane in the Brain..
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