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Cable Update (GBPUSD)

  • #812,741
  • Feb 29, 2024 9:15am Feb 29, 2024 9:15am
Quoting montygoldy
Alright guys after a while i have added a trade explorer... lets see how it goes. lets push this 1200$ to max....
good luck Bro
People don't plan to lose. They lose because they don't plan.
  • #812,742
  • Feb 29, 2024 9:16am Feb 29, 2024 9:16am
If H4 can close above 1.2672 that would bullish for GBP. D1 resistance is slightly above 1.27. Of course, break above and close of D1 candle above 1.27 would probably mean the end of bears.

EUR/USD looking even better.
H4 resistance 1.08415 and D1 resistance is at 1.0893.

We'll probably have the winner next week... volatility will pick up.
Getting interesting... it's still not known who's in the driving seat though.

Yeah, yeah well done bulls, well done bulls, BUT! we cannot claim that bulls have won yet!

Data was terrible for US today... not so strong and resilient anymore.

We'll be getting forecasts tomorrow for NFP and the rest. Time for that UE rate to start going above 4%.
  • #812,743
  • Feb 29, 2024 9:21am Feb 29, 2024 9:21am
Come on mister dow
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yes yes yes
  • #812,744
  • Feb 29, 2024 9:24am Feb 29, 2024 9:24am
Quoting navk
Hi guys, I tried to upload my work sheet . The work sheet is made using openoffice software. I could not upload here as Forex factory does not allow openoffice. FF will allow MS Office though.
can send in DM or private url
Extreme gut feeling trader
  • #812,745
  • Feb 29, 2024 9:26am Feb 29, 2024 9:26am
Quoting Ferna
{quote} Well you know i'm pretty new at this, but i'm curious. I have no reference points as many of you more seasoned traders might have. However i want to understand the economy and the world, and to do that you have to make even the most boring stuff exciting or meaningful. One ticker symbol to rule them all i am looking at everything from penny stocks to commodities. I just find it would confuse people if i mentioned it. For example one could short Cocoa or one could buy up supply of chocolate in your country...
OK.

Lets talk about GBP, UK in particular.. Leave cocoa, for our next drinks.



There is speculation surrounding the timing of the next general election has intensified following recent losses by the Conservatives to Labour in two by-elections.
Rishi previously indicated in January an expectation to call the election "in the second half" of 2024.
However, there is a growing possibility that the election could be convened as early as May, coinciding with existing local elections.

Then we have the anticipated pre-election budget is poised to introduce fiscal measures aimed at stimulating economic activity, potentially catalyzing a robust appreciation of the Pound. Look out for date with Hunt. (importnat)

Thus, the forthcoming budget announcement by the government on 6th. March stands as the pivotal event shaping the trajectory of the Pound in the upcoming week.

From the above, what do you think GBP will be heading to ?. and reason.

Thank me later.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #812,746
  • Feb 29, 2024 9:27am Feb 29, 2024 9:27am
Quoting Pat Chiko
{quote} I'm curious to understand the specific factors that are contributing to your enthusiasm for shorting this particular position. Could you elaborate on your reasoning? Thanks
Just to be clear, although I am not actively participating atm, my prevaling bias is still long GBPUSD.

I will reiterate for Scan Readers DONT BE SHORT THE GBPUSD (imo)

BUT, if I were to adhere to the trading principles taught to me by the chump whose tarding courses I paid for, my 'analysis' would demand that I be short:

  1. Bull trend structure was broken
  2. Price has retraced into 'Harmonic Fib Reload Zone'
  3. There is CONFIRMED Rev Divergence afoot
  4. There are M price structures at play.


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This is how every retail trader and their dog are taught to think. Aside from being also taught not to trust their intuition and always follow their 'hair-brained' technical analysis, and if your TA says, short, then it MUST be in your trading plan to take the short, etc etc.....

It's fucking carnage out there in the retail trading world.
  • #812,747
  • Feb 29, 2024 9:27am Feb 29, 2024 9:27am
Quoting Moty
Come on mister dow {image}
you are the man
Mister dow
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yes yes yes
  • #812,748
  • Feb 29, 2024 9:29am Feb 29, 2024 9:29am
Quoting Zebi
{quote} bill...youre just a little pissant that doesnt even register on my radar LOL i have fights with people that contribute something meaningful if at times wrong to the room LOL so stop trying to egg me on into a fight so untill you post something besides stupid shit like your clown car buddy nubcrack stay to playing with your prop challenges with simulated money and go read the prop firm hub heres an idea..tmoro is pmi so why dont you tell us what you think will happen like i did with pce and unemployment yesterday?...

are you gona accept my challenge billgu and post something worthwhile to the room about tmoros PMI?

you have like 20some hours to build up courage and provide your insight to the room and dispel my belief that youre just a gutless vagina like stinky nubcrack LOL
short trump and go long the deepstate
  • #812,749
  • Feb 29, 2024 9:34am Feb 29, 2024 9:34am
Quoting navk
Hi guys, I tried to upload my work sheet . The work sheet is made using openoffice software. I could not upload here as Forex factory does not allow openoffice. FF will allow MS Office though.
Put it into a zip file and you should be able to upload it.
  • #812,750
  • Feb 29, 2024 9:36am Feb 29, 2024 9:36am
Quoting ScalaFX
2679 sell GU, pendings 2685, 2690, 2695, 2700
close
People don't plan to lose. They lose because they don't plan.
  • #812,751
  • Feb 29, 2024 9:41am Feb 29, 2024 9:41am
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One and done. Only setup so far this week.
  • #812,752
  • Feb 29, 2024 9:43am Feb 29, 2024 9:43am
Quoting dantpm
{quote} Put it into a zip file and you should be able to upload it.
Ok.

Let us see if this works.
Attached File(s)
File Type: rar For forex factory members.rar   19 KB | 420 downloads
Intraday only.
  • #812,753
  • Feb 29, 2024 9:44am Feb 29, 2024 9:44am
Quoting dantpm
{quote} Put it into a zip file and you should be able to upload it.
it works, Great.

Thanks .

Cheers !!
Intraday only.
  • #812,754
  • Feb 29, 2024 9:52am Feb 29, 2024 9:52am
Another dead day.. for bulls anyway. Bears got a good couple of days with 30-40 pips.
Insane in the Brain..
  • #812,755
  • Feb 29, 2024 9:59am Feb 29, 2024 9:59am
Quoting Moty
{quote}you are the man Mister dow {image}
Ty mister dow
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yes yes yes
  • #812,756
  • Feb 29, 2024 10:03am Feb 29, 2024 10:03am
holding all dow longs, underwater love so far. but still confident with my tp = 39.241. as always, twt...
fortis fortuna adiuvat
  • #812,757
  • Feb 29, 2024 10:08am Feb 29, 2024 10:08am
Wow , if you remember, i reached 1000 $ at the end of last month, then i was up and along February, i got to 400 $ running profit for this year ,but managed to get to my 1000 $ yearly profit at the start of this week
Now i am standing on 1875 $ yearly profit, that means that i maid 875 $ dollar only on this week
Can i make my dream come through,and finnish this year froftabble and even more then , can i earn 1000 $ profit per month for the year ? This is the question
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yes yes yes
  • #812,758
  • Feb 29, 2024 10:14am Feb 29, 2024 10:14am
Quoting navk
{quote} Ok. Let us see if this works. {file}
I don't understand how you could have doubted me!
  • #812,759
  • Feb 29, 2024 10:15am Feb 29, 2024 10:15am
Quoting billGU
Hidden
Language gentlemen.
You have to have an IQ higher than 90 to interact with this user.
  • #812,760
  • Feb 29, 2024 10:17am Feb 29, 2024 10:17am
Quoting billGU
{quote} when was the last day you didn't short GU?

bill...i hope you didnt blow up your newest prop challenge going long

youre a brit so you should know what this saying means since it originated in ww1

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good luck to you buddy...stay away from nubcrack and his clown car and clown paint and you may have a future as a trader
short trump and go long the deepstate
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