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Cable Update (GBPUSD)

  • #798,161
  • Dec 20, 2023 6:06am Dec 20, 2023 6:06am
Quoting BeeTogether
{quote} Fed have said no more rises but may prolong the period to drop rates
I was talking about the BOE rates, they were pricing in multiple rate cuts starting next summer like from June -5.25 down to 4.25 to start with I believe. And this data affirmed that especially being such a big hit over forecast , so that should mean they are coming maybe even sooner than predicted hence effecting the GbP - the fed holding is actually better for the Dollar and points to a downside for the pair then?
  • #798,162
  • Dec 20, 2023 6:10am Dec 20, 2023 6:10am
Some support below, which could produce a bounce towards the resistance area above around 2718 or so.
I think the daily chart is going to look very messy the rest of this week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 8 KB
Compulsions can be hard to resist
  • #798,163
  • Dec 20, 2023 6:15am Dec 20, 2023 6:15am
Quoting Pat Chiko
{quote} GOLD Waiting for rejction for N3 {image}
yep still may occur 2065-80 C wave, then deep down, take care
People don't plan to lose. They lose because they don't plan.
  • #798,164
  • Dec 20, 2023 6:23am Dec 20, 2023 6:23am
This could be it for bears. S1 and Fib 50.0 level might just become a support for a continued bullish move towards 2800.
  • #798,165
  • Dec 20, 2023 6:28am Dec 20, 2023 6:28am
Quoting Pat Chiko
{quote} GOLD Long scalping N3 {image}
Going UP...yayaya..
Look right, we'll see the signs
  • #798,166
  • Dec 20, 2023 6:37am Dec 20, 2023 6:37am
Quoting MarcoJnr
{quote} I was talking about the BOE rates, they were pricing in multiple rate cuts starting next summer like from June -5.25 down to 4.25 to start with I believe. And this data affirmed that especially being such a big hit over forecast , so that should mean they are coming maybe even sooner than predicted hence effecting the GbP - the fed holding is actually better for the Dollar and points to a downside for the pair then?
ah ok, again BoE have said not until second half of the year. The drop was due to low fuel prices however with energy prices going up in a couple of weeks it will push inflation higher especially in the winter
Insane in the Brain..
  • #798,167
  • Dec 20, 2023 6:51am Dec 20, 2023 6:51am
Long 1.2645... target 1.2685... stop 1.2617.
Data + Stat + Risk/Emotions Management
  • #798,168
  • Dec 20, 2023 6:56am Dec 20, 2023 6:56am
Quoting ScalaFX
yes, reloaded 2666, devil number, we will see today 2520
closing all before news
People don't plan to lose. They lose because they don't plan.
  • #798,169
  • Dec 20, 2023 6:59am Dec 20, 2023 6:59am
Guess they really wanted Monday's low. Oh Londoners..
  • #798,170
  • Dec 20, 2023 7:01am Dec 20, 2023 7:01am
Quoting ScalaFX
{quote} closing all before news
what do you think do you believe the data will be bad?
  • #798,171
  • Dec 20, 2023 7:11am Dec 20, 2023 7:11am
Quoting Godspromise
{quote} what do you think do you believe the data will be bad?
I think data will be good so EU GU will fall more
People don't plan to lose. They lose because they don't plan.
  • #798,172
  • Dec 20, 2023 7:15am Dec 20, 2023 7:15am
but now we can see correction move GU to 2680-90, GOLD Longed for scalp 2034
People don't plan to lose. They lose because they don't plan.
  • #798,173
  • Dec 20, 2023 7:18am Dec 20, 2023 7:18am
Quoting Coreg2004
GU approaches projected DRE for today between 1.2735 and 1.2751. Yesterday we had NR4 bar so increased volatility can get the price higher. If my labeling is what the market is doing, the second leg down in a zig-zag pattern (5-3-5) can currently occur to AB=CD @1.2568. There is always the chance that the market is doing something I don't recognize at the moment. {image}
For today 1.2613 seems to be a strong support with 3 levels clustering tightly. Interest zone to the upside between 1.2680-1.2700. If GU continues sliding down in the upcoming days, 1.2517 should be closely watched.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.20 30M.png Size: 47 KB
Always trade your own plan...I don't provide trading signals.
  • #798,174
  • Dec 20, 2023 7:20am Dec 20, 2023 7:20am
Quoting ScalaFX
{quote} I think data will be good so EU GU will fall more
Today may produce the low of the week just as it did last week before it powered up by almost 300 pips at the end of the week... 1.2610 - 1.2620 + 300 pips = 1.2900... we may see 1.2900 this week.
Data + Stat + Risk/Emotions Management
  • #798,175
  • Dec 20, 2023 7:22am Dec 20, 2023 7:22am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-12-20-15-22-30-397_net.metaquotes.metatrader4-edit.jpg Size: 682 KB
yes yes yes
  • #798,176
  • Dec 20, 2023 7:23am Dec 20, 2023 7:23am
Quoting ScalaFX
{quote} I think data will be good so EU GU will fall more
i see i hope it is in the middle with minimal effect of the market looking for a strong push to the downside for usdjpy towards 138 and then a upward correction towards 150 and beyond
  • #798,177
  • Dec 20, 2023 7:31am Dec 20, 2023 7:31am
Quoting Georginson
Long 1.2645... target 1.2685... stop 1.2617.
Exited 1.2651... +6 pips. Just -7pips loss today so far. I will buy at 1.2615 area... And swing it for the rest of the week. Next 4 hours candle is crucial. I keep acting like a coward just to fight another day and win.
Data + Stat + Risk/Emotions Management
  • #798,178
  • Dec 20, 2023 7:39am Dec 20, 2023 7:39am
gold short why ;

  1. previous high not taken
  2. 1 hour bulish trendline broken
  3. push phase completed .
  4. strong us dollar atm
  5. Attached Image (click to enlarge)
    Click to Enlarge Name: screenshot.png Size: 27 KB

  • #798,179
  • Edited 8:04am Dec 20, 2023 7:50am | Edited 8:04am
Quoting Zebi
{quote} u closed too early...price shud retrace back to 2660/70 never let an opportunity like nubchops big mouth go to waste...always fade his dumb ass and the people that like his posts too he prolly wrote an EA since hes a computer geek and was here testing it but no doubt its another failure LOL

good mornin gentlemen...my tp got hit while i was sleeping so ill be done trading the hier timecharts since its so close to christmas...today i have to go shopping cause my mom gave me a list of what to buy at the deli for her traditional christmas eve dinner... personally i hate it cause theres no meat christmas eve LOL

ill just stay to 15 min charts if i do trade if nubbie shows up and keeps running his mouth...hope everyone realizes and uses him and his friends now for what they are
short trump and go long the deepstate
  • #798,180
  • Dec 20, 2023 7:53am Dec 20, 2023 7:53am
oh and im beginning to doubt there will be a santa rally next week...santa smoked some crack and weed this year instead of drinking booze so he keeps crashing

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short trump and go long the deepstate
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