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Cable Update (GBPUSD)

  • #798,061
  • Dec 19, 2023 11:22pm Dec 19, 2023 11:22pm
i dont trade more today, but on h4 this is clear support zone
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trading is like dancing, don't think and just listen to the music!
  • #798,062
  • Dec 19, 2023 11:22pm Dec 19, 2023 11:22pm
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!
im sure the data helped the drop, but yes I agree BoE have already said rates not coming down soon. This drop in inflation could be due to fuel prices being at their lowest for 2 years
Insane in the Brain..
  • #798,063
  • Dec 19, 2023 11:22pm Dec 19, 2023 11:22pm
Quoting tm38691
hm, looks like USD might go up a bit... CMI strongly disproportional with price action therefore waiting for better setups for day or two {image}
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  • #798,064
  • Dec 19, 2023 11:25pm Dec 19, 2023 11:25pm
Quoting Headland
{quote} 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 current wkly lo (2628.)
That is why it makes more sense to stand aside for these news events unless you have a specific gamble that you want to make and you have appropriate stop losses in place. Stop hunts around these news releases also have to be considered. You almost need a hidden order or a bot that executes a trade 20 seconds before the news is released or possibly as the news is released....
  • #798,065
  • Dec 19, 2023 11:26pm Dec 19, 2023 11:26pm
Quoting aa4fx
{quote} Latest news I was super wrong on the direction … my thoughts now are that no matter what numbers, first will be up, then down … looking to sell
Although I was out before, I have no bad feelings for this drop, happy to be out with something than nothing…
Anyway, just another wrong thought…
I wonder what will be given to London open - still not selling 2667 - there could be sime panicked robots that will make it go up before more down, if will be the case, I may sell it
  • #798,066
  • Dec 19, 2023 11:27pm Dec 19, 2023 11:27pm
Quoting dantpm
{quote} That is why it makes more sense to stand aside for these news events unless you have a specific gamble that you want to make and you have appropriate stop losses in place. Stop hunts around these news releases also have to be considered. You almost need a hidden order or a bot that executes a trade 20 seconds before the news is released or possibly as the news is released....
Frequently see iceberg orders executed in the run up to news. Sometimes it gives a clue. Moreso on index futures
  • #798,067
  • Dec 19, 2023 11:27pm Dec 19, 2023 11:27pm
Quoting voeltoez
{quote} would nice to see 2500 today starting normal short 2680
hopefully i'm short already
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #798,068
  • Dec 19, 2023 11:28pm Dec 19, 2023 11:28pm
...big drops in that Uk Cpi data m/m, across the board. Have that set the 'tone' of the day? Retail stops likely under current wkly lo?
Trader with an Edge.
  • #798,069
  • Dec 19, 2023 11:28pm Dec 19, 2023 11:28pm
With this news outcome, I foresee London open later will have a spike retracement to a better price to short maybe around 2700. Unlikely that they will just continue selling what Asian has already sold. With that said, HTFs are still bullish.
  • #798,070
  • Dec 19, 2023 11:30pm Dec 19, 2023 11:30pm
Quoting BeeTogether
{quote} im sure the data helped the drop, but yes I agree BoE have already said rates not coming down soon. This drop in inflation could be due to fuel prices being at their lowest for 2 years
all in all after the hawkish pause the markets were pricing in rate cuts in the summer and this just says they are on the right track and it should happen around June but strong data could lead the market opening to possibly this happening sooner
  • #798,071
  • Dec 19, 2023 11:35pm Dec 19, 2023 11:35pm
Quoting Waveskierrob
The spirit of Maheee visited me last night in my dream and told me that tomorrow will be a red candle day...
Imppossible.
How does you/Maheee know all the CPI data one day before it release?. I'm sure you got some leaked somewhere....


Quoting Pat Chiko
{quote} UK Inflation Checkup: Wednesday is a big day for the UK. They're releasing inflation data, and if it's high, it could be bad news for the Pound. Remember, high inflation means people have less money to spend, and that hurts businesses and the economy. Howwever, there are some reasons to be optimistic: USD Slowdown: The USD isn't exactly on fire either. If it weakens a bit, the Pound could bounce back. Maybe No Recession: So far, the UK has avoided a recession, which is good news for the Pound. But we'll have to wait until Thursday's...
GBP USD
Sterling falls as UK CPI data vindicates market posturing on rate cuts

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I come from the future.
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  • #798,072
  • Dec 19, 2023 11:35pm Dec 19, 2023 11:35pm
support 1.2645/1.2625/1.2610
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #798,073
  • Dec 19, 2023 11:36pm Dec 19, 2023 11:36pm
next levels reaction 2637 and 2611 , while interacting daily close 2646 and should try stay below it , so 2637/11, 2590/-70 all may test today! overall limit for the leg down goes to 2716 ! lets see
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #798,074
  • Dec 19, 2023 11:38pm Dec 19, 2023 11:38pm
Quoting dantpm
{quote} That is why it makes more sense to stand aside for these news events unless you have a specific gamble that you want to make and you have appropriate stop losses in place. Stop hunts around these news releases also have to be considered. You almost need a hidden order or a bot that executes a trade 20 seconds before the news is released or possibly as the news is released....
Well, lol...risky? I've detailed my fav event risk plays before. On this occasion there was no momentum sell on 1st 1min close because of the big lower spike on that 1min candle , so '...sold the 1st 1min or 3min p/back...' was the play.
Trader with an Edge.
  • #798,075
  • Dec 19, 2023 11:38pm Dec 19, 2023 11:38pm
A retest of VWAP area 1.2695-1.27 i'll consider adding on sells to 1.26

however a 40-50 pip recovery is a lot to ask. better just to hold onto sells and not overmanage.

yesterday we retested the POC and not the singleprint like i thought. was enough to hold onto a half position.
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  • #798,076
  • Dec 19, 2023 11:38pm Dec 19, 2023 11:38pm
Closed shorts as I’m happy with the profit.

I see this going lower but more important to take the win while it’s there and buy back in if it retraces a bit
  • #798,077
  • Dec 19, 2023 11:40pm Dec 19, 2023 11:40pm
Quoting Pat Chiko
{quote} Imppossible. How does you/Maheee know all the CPI data one day before it release?. I'm sure you got some leaked somewhere.... {quote} GBP USD Sterling falls as UK CPI data vindicates market posturing on rate cuts {image} {image}
mystical forces, mystical forces....
  • #798,078
  • Dec 19, 2023 11:42pm Dec 19, 2023 11:42pm
closed for 30pips..
just wait retrace to 2680 or 2700 for normal bear movement..risky to counter trade long now
  • #798,079
  • Dec 19, 2023 11:42pm Dec 19, 2023 11:42pm
Bought 2653 with sl 2540 … maybe liwer it to 2535
  • #798,080
  • Dec 19, 2023 11:43pm Dec 19, 2023 11:43pm
Quoting Waveskierrob
{quote} mystical forces, mystical forces....
are you power rangers?
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