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Cable Update (GBPUSD)

  • #796,001
  • Dec 8, 2023 7:11am Dec 8, 2023 7:11am
Quoting Mitiblotch
{quote} You know those December's when price just keep going up non stop. Maybe we get that again. But in this case they'll frustrate all bulls first.
Yeah, that makes sense from last years and Dollar down due to Christmas/window dressing. But this year is different. Dollar strength on fundamental side will have huge impact - except FED will leave last numbers uncommented. From experience, mostly there is a 2nd inflation cycle. That probably started now in US. Volatility will go up a lot I think. December in General weak for USD, fundamentals strong, more rate hikes likely if that pace is not coming down again.
  • #796,002
  • Dec 8, 2023 7:12am Dec 8, 2023 7:12am
Quoting BeeTogether
Consumer sentiment better than expected but GU going up!
THe forex market doesn't care about the news
It get orders from the pivot
It's normal procedure, from daily s2 to s1 and back , maybe go to the pivot line
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yes yes yes
  • #796,003
  • Dec 8, 2023 7:15am Dec 8, 2023 7:15am
Quoting Moty
{quote} THe forex market doesn't care about the news It get orders from the pivot It's normal procedure, from daily s2 to s1 and back , maybe go to the pivot line {image}
let’s break 125 this week. Next week looks like a revisit to 127 if the FOMC looks dovish
Insane in the Brain..
  • #796,004
  • Dec 8, 2023 7:15am Dec 8, 2023 7:15am
...2552-59 is a 6 fib cluster
Trader with an Edge.
  • #796,005
  • Dec 8, 2023 7:16am Dec 8, 2023 7:16am
Took profit at 1.25500 , 31 $ ,daily profit 212
Now short to 1.25300
Can loss 20 $ ....
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yes yes yes
  • #796,006
  • Dec 8, 2023 7:17am Dec 8, 2023 7:17am
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  • #796,007
  • Dec 8, 2023 7:19am Dec 8, 2023 7:19am
i added short 2556


didnt get a hourly buy signal the past 2 hours so had to do it
short trump and go long the deepstate
  • #796,008
  • Dec 8, 2023 7:21am Dec 8, 2023 7:21am
Quoting Wavegarrick
{quote} Usdx showing subtle cyclic bearish hints from a 4 hr perspective. It is just a matter of time before I go full throttle with dollar bearishnes to end the 4th quarter and the year. Trade safe, Cheers {image}
With all the good news coming in for the dollar. Usdx touching my yearly pivot at 104.172 and monthly pivot at 104.243 to the pip and rejects. Does this mean anything?
Cheers.
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Trade to trade another day
  • #796,009
  • Dec 8, 2023 7:21am Dec 8, 2023 7:21am
Quoting BeeTogether
{quote} let’s break 125 this week. Next week looks like a revisit to 127 if the FOMC looks dovish
Let's visit 1.24500 first
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yes yes yes
  • #796,010
  • Dec 8, 2023 7:23am Dec 8, 2023 7:23am
Quoting Moty
{quote} Let's visit 1.24500 first {image}
1245 would be great! MF doesn’t want to drop though
Insane in the Brain..
  • #796,011
  • Dec 8, 2023 7:24am Dec 8, 2023 7:24am
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yes yes yes
  • #796,012
  • Dec 8, 2023 7:25am Dec 8, 2023 7:25am
Quoting BeeTogether
{quote} let’s break 125 this week. Next week looks like a revisit to 127 if the FOMC looks dovish
One thing we know today is that 1.2500 is not breaking anytime soon. Despite the spike down from NFP, it STILL did not break and from what it looks like now, is a rejection and it may be on its way up again. H4 close will be interesting.
  • #796,013
  • Dec 8, 2023 7:27am Dec 8, 2023 7:27am
checking dx daily , spike up with news but just to do m- moree bear then ! so others to resume to do bull too more or less! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #796,014
  • Dec 8, 2023 7:28am Dec 8, 2023 7:28am
Quoting zuko
{quote} 500 pips up? How did you come up with this? Do you have any statistics or something?
pure statistics and behavioral patterns.
Data + Stat + Risk/Emotions Management
  • #796,015
  • Dec 8, 2023 7:29am Dec 8, 2023 7:29am
Looks like bulls are awake
Insane in the Brain..
  • #796,016
  • Dec 8, 2023 7:30am Dec 8, 2023 7:30am
Very difficult for me to consider the daily bar will turn bullish.
All in all, we should stay within the range below 1.26.
Price may even break 1.25 if it wants....
Exhausted
  • #796,017
  • Dec 8, 2023 7:30am Dec 8, 2023 7:30am
Quoting BeeTogether
{quote} 1245 would be great! MF doesn’t want to drop though
BT, maybe b/c on the daily chart is a strong support...at least for now.
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30M chart adequately...
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Always trade your own plan...I don't provide trading signals.
  • #796,018
  • Dec 8, 2023 7:31am Dec 8, 2023 7:31am
if anyones itchin to be long buy UJ....LOL

if today closes green will be buy signal inspite what the knuckleheads say all aroung FF and in the comments

full disclosure...my tp got hit at 145 earlier so im flat like i said last night beware the kracken

Quoting Zebi
{quote} if anyone went long UJ putting in a sl to protect profits might me a good idea price shud get near 145 by close of NY
Quoting Zebi
if UJ 4H candle closes above that line its gona ..... {image} {image}
its another beautiful day in my violent city so ill be out enjoying watching all the crime LOL
short trump and go long the deepstate
  • #796,019
  • Dec 8, 2023 7:32am Dec 8, 2023 7:32am
Quoting Pat Chiko
GOLD Long OB demand zone, failed to break lower structure.{image}
GOLD

So, same trade setup as I posted for GU earlier, but the H1 OB zone is a bit higher this time.
Just threw in the M5 and H1 chart for a closer look at how fast things were moving. Cashed out at the initial breakout zone when the data hit.
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Second block trade was based on the H4 FVG and RSF zone.
This is where the price initially shifted, marked by those handy MSS zones.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #796,020
  • Dec 8, 2023 7:34am Dec 8, 2023 7:34am
easy chart, H1
down trend
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Trendlines H1,H4, SMC
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