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Cable Update (GBPUSD)

  • #798,041
  • Dec 20, 2023 1:03am Dec 20, 2023 1:03am
Attached Image (click to enlarge)
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yes yes yes
  • #798,042
  • Dec 20, 2023 1:03am Dec 20, 2023 1:03am
closed all..my loss yesterday all back
  • #798,043
  • Dec 20, 2023 1:04am Dec 20, 2023 1:04am
Quoting Yngwie
Long 1.2718 SL 1.2698
hit sl. Fak news
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #798,044
  • Dec 20, 2023 1:05am Dec 20, 2023 1:05am
guru blasted from all sides with red sticker .....how low will it take us...me think 2500 should hold for today
average dude treading water
  • #798,045
  • Dec 20, 2023 1:07am Dec 20, 2023 1:07am
Damn that spike! Data much worse than expected let’s see if it’s 126 or 127 next
Insane in the Brain..
  • #798,046
  • Dec 20, 2023 1:10am Dec 20, 2023 1:10am
Quoting Georginson
Long GU at 1.2713, target 1.2793... very tight stop at 1.2699...
Tight stop hit .. -14 pips. Kept the risk minimum.
Data + Stat + Risk/Emotions Management
  • #798,047
  • Dec 20, 2023 1:10am Dec 20, 2023 1:10am
Quoting ScalaFX
Closed all short GU
now we know the reason why it did go up yesterday without stop;-)
trading is like dancing, don't think and just listen to the music!
  • #798,048
  • Dec 20, 2023 1:11am Dec 20, 2023 1:11am
G/M, y/day's bullish thrust engulfing dly candle makes 2628 a HL now on that t/f after the H (above the last HH @ 2794) in that t/f's uptrend. Today so far - a big reaction to UK CPI data and a 1st downside b/o of the asian lo. Price @ current dly lo has erased almost all the rise from y/day.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #798,049
  • Dec 20, 2023 1:13am Dec 20, 2023 1:13am
Quoting Georginson
{quote} Tight stop hit .. -14 pips. Kept the risk minimum.
lucky....i closed my shorts with +33 slippage. that means many long stops had a huge negative slippage.
trading is like dancing, don't think and just listen to the music!
  • #798,050
  • Dec 20, 2023 1:13am Dec 20, 2023 1:13am
it bounce at middle daily bands and lower bands H4...
now its PA decides go up or continue down
  • #798,051
  • Dec 20, 2023 1:14am Dec 20, 2023 1:14am
https://www.fxstreet.com/news/uk-cpi...s-202312192315

this preview should give an indication of its direction
  • #798,052
  • Dec 20, 2023 1:14am Dec 20, 2023 1:14am
Quoting BeeTogether
Damn that spike! Data much worse than expected let’s see if it’s 126 or 127 next
i think guru will hover below 27 for now then come us data will spike up back to 128 today tomorrow
average dude treading water
  • #798,053
  • Dec 20, 2023 1:15am Dec 20, 2023 1:15am
Quoting birdland
{quote} now we know the reason why it did go up yesterday without stop;-)
will reload higher to 2620
People don't plan to lose. They lose because they don't plan.
  • #798,054
  • Dec 20, 2023 1:16am Dec 20, 2023 1:16am
...as of right now - 1hr rangy to currently bearish, 4hr general uptrend in some doubt, dly still in general uptrend, intraday v.bearish

4hr below with 10/20/40 ema crosses graphic
Attached Image (click to enlarge)
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Trader with an Edge.
  • #798,055
  • Dec 20, 2023 1:16am Dec 20, 2023 1:16am
hm, looks like USD might go up a bit... CMI strongly disproportional with price action

therefore waiting for better setups for day or two
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  • #798,056
  • Dec 20, 2023 1:18am Dec 20, 2023 1:18am
Quoting BeeTogether
Damn that spike! Data much worse than expected let’s see if it’s 126 or 127 next
The spike has nothing to do with the data other than timing! The 'news' indicated that the UK is inflation is coming down slightly faster than predicted. Nothing to suggest rate cuts or rate increases!
  • #798,057
  • Dec 20, 2023 1:18am Dec 20, 2023 1:18am
Quoting ScalaFX
{quote} will reload higher to 2620
would nice to see 2500 today
starting normal short 2680
  • #798,058
  • Dec 20, 2023 1:21am Dec 20, 2023 1:21am
well done , breakout , so probable ready for test 2580/70. take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #798,059
  • Dec 20, 2023 1:21am Dec 20, 2023 1:21am
Quoting voeltoez
{quote} would nice to see 2500 today starting normal short 2680
daily see target 2580..but possible if bear strong get to 2500 lower bands..
Attached Image (click to enlarge)
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  • #798,060
  • Dec 20, 2023 1:22am Dec 20, 2023 1:22am
Quoting dantpm
{quote} The spike has nothing to do with the data other than timing! The 'news' indicated that the UK is inflation is coming down slightly faster than predicted. Nothing to suggest rate cuts or rate increases!
Hi. Yeh but you gotta luuuuuuuuuve some of these data reactions!
-------------------------------------
...price @ the current dly lo has tested top of dly/4hr part of the prev 1hr/4hr/minor dly sw lo zone that extends down to 2628 current wkly lo.
Trader with an Edge.
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