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Cable Update (GBPUSD)

  • #793,481
  • Nov 28, 2023 2:17pm Nov 28, 2023 2:17pm
Quoting ScarBack
{quote} Same...my Gold short is being smoked...why is USD being dumped? Doesn't Bowman's speech suggest more hikes?
She simply said she would favour hikes if inflation started rising again (which is logical).
https://www.forexfactory.com/news/12...ation-progress

We also have Waller saying he favours keeping rates low if inflation keeps falling (which is also logical).
https://www.forexfactory.com/news/12...tion-continues

In other words, we are hearing what we learn at school in basic economics, nothing more.
Compulsions can be hard to resist
  • #793,482
  • Nov 28, 2023 2:18pm Nov 28, 2023 2:18pm
...encouragement for bears:? a 15min swing LH has developed, - it may firm into a 30min then a 1hr swing LH? Also 1hr ascending equidistant channel broken to downside.

1hr below
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Trader with an Edge.
  • #793,483
  • Nov 28, 2023 2:22pm Nov 28, 2023 2:22pm
Quoting Moty
Trade went well for a while (17 pips profit at the lowest price) but the croocks woke up You can get out with be And re enter when 1.26774 breaks {image}
Come on shorty
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yes yes yes
  • #793,484
  • Nov 28, 2023 2:24pm Nov 28, 2023 2:24pm
Quoting LoneTrader1
XAUUSD Maybe it's going to 2100 {image}
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yes yes yes
  • #793,485
  • Edited 3:29pm Nov 28, 2023 2:34pm | Edited 3:29pm
[quote=woody70;14670546]
Quoting mkvy
{quote} because hes not showing the other trades that are going to wipe him out "Inability to accept losses when the trade goes against you" hence no stop loss "Inability to manage risk and leverage"[/quote It's amazing how your trade explorer just came back up when GBP went up. It was missing for the last day and a half when you were underwater. I don't comment at all on this forum but I was wondering if you could enlighten everybody why you took your trade explorer off when you were underwater?
that was just a settings thing as i removed signiture, really easy to see though, just click in the user name mkvy, or maybe thats too much of a challenge for you
i was never under water, this trade has been in profit for the last 4 trading days
  • #793,486
  • Nov 28, 2023 2:45pm Nov 28, 2023 2:45pm
Quoting Robinhood1
{quote} Gold Possibility closing gap around 1941 before reaching 2359
Yes, over 7 weeks now hovering above.
Hot areas 2080 and next year 2200
  • #793,487
  • Nov 28, 2023 2:50pm Nov 28, 2023 2:50pm
Wow, they did manage to raise GBP as expected, could further extend to 12766. What was the news? Economy is bad as it is, will the business and tax plans work though?
  • #793,488
  • Nov 28, 2023 2:54pm Nov 28, 2023 2:54pm
Is 1.26450 tomorrow a possibility?

Or is everyone selling off USD?
  • #793,489
  • Nov 28, 2023 2:55pm Nov 28, 2023 2:55pm
Quoting JourneyLife
{quote} Pull up the average daily range indicator on your chart; and, there you go! You have an average range where price may go to. Traders use this to determine extremes of price movement for the day or week or month. Some use the average daily range, average weekly range or average monthly range of price fluctuations to determine market entries.
thank you.. but you have a link to the Indicator?
  • #793,490
  • Nov 28, 2023 3:07pm Nov 28, 2023 3:07pm
Quoting Jolita
Wow, they did manage to raise GBP as expected, could further extend to 12766. What was the news? Economy is bad as it is, will the business and tax plans work though?
Nothing. nada,,
More about the US$ today.
  • #793,491
  • Nov 28, 2023 3:13pm Nov 28, 2023 3:13pm
I had pending sell at 1.2667.
Now i am underwater.
  • #793,492
  • Nov 28, 2023 3:16pm Nov 28, 2023 3:16pm
Quoting genadi
I had pending sell at 1.2667. Now i am underwater.
GU will retrace at some point.
  • #793,493
  • Nov 28, 2023 3:17pm Nov 28, 2023 3:17pm
The GU market seems too bullish
  • #793,494
  • Nov 28, 2023 3:18pm Nov 28, 2023 3:18pm
Today's high was 61.8 % daily Fib, may reverse from here, but also may complete W a bit higher..
  • #793,495
  • Nov 28, 2023 3:49pm Nov 28, 2023 3:49pm
Quoting genadi
I had pending sell at 1.2667. Now i am underwater.
some more red sticker data tomorrow let’s see how it effects the pair
Insane in the Brain..
  • #793,496
  • Nov 28, 2023 3:59pm Nov 28, 2023 3:59pm
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  • #793,497
  • Nov 28, 2023 4:17pm Nov 28, 2023 4:17pm
Quoting Jackoboms
{quote} But you really can't blame him. Remember, you said if it goes higher you would have to sell a kidney. He probably prefers you taking your loss than selling your precious kidney.
true I've only myself to blame, never know my limitations of sarcasm...sorry...
  • #793,498
  • Nov 28, 2023 4:21pm Nov 28, 2023 4:21pm
Quoting Jackoboms
who else is currently short ?
if the price drops sharply then most on this this thread....
  • #793,499
  • Edited 4:50pm Nov 28, 2023 4:38pm | Edited 4:50pm
Daily bullish high 12643, low 12414; weekly space towards 13141 or sell under 12589;
and monthly still bearish desending channel with next long term up 13436 or 11865. Stay strong and choose wise.
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  • #793,500
  • Nov 28, 2023 4:43pm Nov 28, 2023 4:43pm
Quoting Jolita
Daily bullish high 12643, low 12414; weekly space towards 13141 or sell under 12589; and monthly still bearish desendind channel with next long term up 13436 or 11865. Stay strong and choose wise.{image}
mmm extension numbers incase it goes higher . Regards E
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