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Cable Update (GBPUSD)

  • #797,181
  • Dec 14, 2023 12:42pm Dec 14, 2023 12:42pm
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yes yes yes
  • #797,182
  • Dec 14, 2023 12:42pm Dec 14, 2023 12:42pm
Quoting nAVIN2007
{quote} My ass might be back..if we see trade cuts, dollar to sink , 1.28 gonna be scalpers paradise, hope the mofo can go higher so 1.28 becomes a base {image} {image}
what about the TL? Nav
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,183
  • Dec 14, 2023 12:44pm Dec 14, 2023 12:44pm
Fed speak,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #797,184
  • Dec 14, 2023 12:46pm Dec 14, 2023 12:46pm
MOTY!!!
  • #797,185
  • Dec 14, 2023 12:51pm Dec 14, 2023 12:51pm
Quoting Jolita
{quote} Take your profits.
none to be had at the moment lol opened at 12765
Insane in the Brain..
  • #797,186
  • Dec 14, 2023 12:52pm Dec 14, 2023 12:52pm
What a nice day! Hope all survived.

Yesterdays highs short Lived.
NASDAQ made it to 2021 highs, incredible volume, and ohhh dear if you are on the wrong side...
Gold reversed from it's direction trying to catch up with majors, nice runs around 2040 zone, as / Coreg's analysis. I put tight stops just in case and re-entered.

UK and Swish Franc rates unchanged, not sure why GBP or CHF gained strength.
AU surprised as well. Looks that dollar was sold to opposing currency.
WTI slow but steady.
  • #797,187
  • Dec 14, 2023 1:00pm Dec 14, 2023 1:00pm
Gold buy above 2029, sell below 2029
  • #797,188
  • Dec 14, 2023 1:01pm Dec 14, 2023 1:01pm
This is from Pimco:

Following its December meeting, Federal Reserve officials underscored a growing confidence in their ability to guide the U.S. economy toward a soft landing, and therefore begin the process of cutting rates. As Fed Chair Jerome Powell himself stated in a 2018 speech, monetary policy strategy is an exercise in risk management. By softening the hiking bias embedded in previous Federal Open Market Committee (FOMC) statements, and lowering the projected path of the federal funds rate, FOMC participants signaled they believe the balance of risks has shifted squarely in favor of achieving sustainably lower inflation. Thus, chances of further rate hikes have diminished, and FOMC discussion is quickly shifting toward the economic conditions that would warrant rate cuts.
Because Chair Powell told reporters afterward that the FOMC had discussed the prospect of rate cuts at this meeting, markets have begun to focus on how soon and how many cuts could come. However, with the economy still proving resilient, Fed officials will likely want to hold off until additional evidence shows inflation is continuing to moderate back to the central bank’s 2% target.

Yellow statements are interpreted as dovish. Orange qualifier is still present and very clear. Powell is trying to soften the economic blow as he puts pressure on the government to not increase spending which will cause the money supply to increase and make it harder to get to 2% but that is unlikely to work.
  • #797,189
  • Dec 14, 2023 1:05pm Dec 14, 2023 1:05pm
Quoting navk
{quote} DRE and less then ADR are very useful, both have lots of meaning on same day and next day/s
Yes, DRE usually contains one of the ATR levels and Pivot Points. Today 1.2717 together with 120%ATR(14), and R2 @1.2718 plus WH @1.2724 was my key cluster but the market had different ideas and went further. I was able to manufacture trade from the setups on the 3M chart after the 1.2733 high was taken out.
Always trade your own plan...I don't provide trading signals.
  • #797,190
  • Dec 14, 2023 1:11pm Dec 14, 2023 1:11pm
Quoting hoda
I love Scalping. close Sell @ T.P. Now it's time to fined a Buy setup. {image}
I can use this chart on 5 min or 15 min in GU.

For gold, 5 min or 1 min with the filter shown in the chart.

Posted are wednesday and thursday chart for GU
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Intraday only.
  • #797,191
  • Dec 14, 2023 1:17pm Dec 14, 2023 1:17pm
Quoting hoda
I love Scalping. close Sell @ T.P. Now it's time to fined a Buy setup. {image}
And gold on 1min chart ( today )
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Intraday only.
  • #797,192
  • Dec 14, 2023 1:18pm Dec 14, 2023 1:18pm
cable buy above 1.27400, sell below 1.27400
  • #797,193
  • Dec 14, 2023 1:20pm Dec 14, 2023 1:20pm
Quoting Coreg2004
{quote} Yes, DRE usually contains one of the ATR levels and Pivot Points. Today 1.2717 together with 120%ATR(14), and R2 @1.2718 plus WH @1.2724 was my key cluster but the market had different ideas and went further. I was able to manufacture trade from the setups on the 3M chart after the 1.2733 high was taken out.
How do you calculate ATR ( 14 ) in terms of pips or level from pivot ?

Is there indi for this ?

I use Daily pivot points with r1,r2, r3, s1, s2, s3.
Intraday only.
  • #797,194
  • Dec 14, 2023 1:26pm Dec 14, 2023 1:26pm
Quoting navk
{quote} How do you calculate ATR ( 14 ) in terms of pips or level from pivot ? Is there indi for this ? I use Daily pivot points with r1,r2, r3, s1, s2, s3.
there is an indi for adr and weekly range, i have them but dont know how to send them to you
  • #797,195
  • Dec 14, 2023 1:27pm Dec 14, 2023 1:27pm
Quoting T721
{quote} there is an indi for adr and weekly range, i have them but dont know how to send them to you
send me your email in dm and i will see if i can send em that way
  • #797,196
  • Dec 14, 2023 2:00pm Dec 14, 2023 2:00pm
Quoting navk
{quote} How do you calculate ATR ( 14 ) in terms of pips or level from pivot ? Is there indi for this ? I use Daily pivot points with r1,r2, r3, s1, s2, s3.
Hi nav, sent some Indis. let me know if you receive them and if its what you are looking for. Sorry for some reason i cant send the weekly range
  • #797,197
  • Dec 14, 2023 2:01pm Dec 14, 2023 2:01pm
Quoting navk
{quote} How do you calculate ATR ( 14 ) in terms of pips or level from pivot ? Is there indi for this ? I use Daily pivot points with r1,r2, r3, s1, s2, s3.
navk, it's an indicator. You have it on your platform. Set only the length and you are done.
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Always trade your own plan...I don't provide trading signals.
  • #797,198
  • Dec 14, 2023 2:32pm Dec 14, 2023 2:32pm
Quoting Bones
{quote} what about the TL? Nav {image}
4th touch, kiss of death, likely to break. I glad u mentioned this. There is Russian trader Igrok and I try incorporate his teaching

as per this edge that line should break
  • #797,199
  • Dec 14, 2023 3:00pm Dec 14, 2023 3:00pm
Sell GU at 1.2771

30 Lots



Lets go!
  • #797,200
  • Dec 14, 2023 3:04pm Dec 14, 2023 3:04pm
Quoting nAVIN2007
{quote} 4th touch, kiss of death, likely to break. I glad u mentioned this. There is Russian trader Igrok and I try incorporate his teaching as per this edge that line should break
erm actually, according to a trader who is more niche than the one you named, it will do the opposite of what you said
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