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Cable Update (GBPUSD)

  • #813,621
  • Mar 4, 2024 9:03am Mar 4, 2024 9:03am
Quoting mallee
{quote} XAU short?{image}
no btc or xau short they gonna go crazy high..
Extreme gut feeling trader
  • #813,622
  • Mar 4, 2024 9:06am Mar 4, 2024 9:06am
Quoting Pat Chiko
{quote} News not needed, we suspect the reason.{image}
Lol
Teerex
  • #813,623
  • Mar 4, 2024 9:09am Mar 4, 2024 9:09am
Quoting Godisawoman
{quote} Swiss CPI? That was over in the morning. Effects of news never lasts longer than 2, 3 hours. And thats with major USD. I'm thinking maybe bitcoin had an effect. Also gold reacts to USD almost exclusively to USD news. Its value is tied to failure of world top currencies. USD and Chinese yuan. Chinese yuan is tied to the dollar. They both make up over 50percent of world economy or close.
No i meant the US inflation & GDP reports. I think the news releases affects the market for days instead of hours.

13th Feb is the day inflation report came out and 28 Feb is GDP. Notice how the bearish trend and pressure reversed to bullish after these reports are released:

Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 33 KB


I may be wrong, just my 3 cents. Greenest pips
You have to have an IQ higher than 90 to interact with this user.
  • #813,624
  • Mar 4, 2024 9:16am Mar 4, 2024 9:16am
Yeah, the price is bullish.

But I am aware, it is fighting with previous level 1.2700.

The previous resistance may push the price down to 1.2650 for today.

The real break , I expect to see on wednesday when " he " speaks.
Intraday only.
  • #813,625
  • Mar 4, 2024 9:17am Mar 4, 2024 9:17am
Quoting Nordling
{quote} No i meant the US inflation & GDP reports. I think the news releases affects the market for days instead of hours. 13th Feb is the day inflation report came out and 28 Feb is GDP. Notice how the bearish trend and pressure reversed to bullish after these reports are released: {image} I may be wrong, just my 3 cents. Greenest pips
I would like to think so too. But I've backtested that idea. US CPI never carries far. The next morning it could be reversing if euro has major news. Or if dollar has major news. Value is determined daily by all sorts of news.
Just scroll back the gold chart.
But that's just my opinion also...i may be wrong.
Teerex
  • #813,626
  • Mar 4, 2024 9:18am Mar 4, 2024 9:18am
Quoting Ferna
{quote} Why aren’t you reporting ScalaFx?
Better to report me, i dont mind being revoked at all
  • #813,627
  • Mar 4, 2024 9:19am Mar 4, 2024 9:19am
Quoting Ferna
{quote} Why aren’t you reporting ScalaFx?
Why aren't you "giving it a rest"...
  • #813,628
  • Mar 4, 2024 9:23am Mar 4, 2024 9:23am
Quoting Ferna
{quote} Why aren’t you reporting ScalaFx?
I already explained it but ok, here we go: i don't see a problem when people bullies back the bullies. Since explaining this with words 10 times didn't work i will try to draw it:

Attached Image (click to enlarge)
Click to Enlarge Name: Adsız.png Size: 15 KB
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  • #813,629
  • Mar 4, 2024 9:25am Mar 4, 2024 9:25am
Quoting Waveskierrob
Has anyone noticed that GU has gone up a bit...
Shaven Bottom
I like Shaven Bottom

The absence of a shadow indicates strong momentum in the direction of the candle, offering clues about the prevailing market sentiment
Attached Image (click to enlarge)
Click to Enlarge Name: shaven bottom.jpg Size: 184 KB


See how mnay here like Shaven Bottom.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #813,630
  • Mar 4, 2024 9:27am Mar 4, 2024 9:27am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-03-04-17-26-19-790_com.tradingview.tradingviewapp-edit.jpg Size: 750 KB
yes yes yes
  • #813,631
  • Mar 4, 2024 9:27am Mar 4, 2024 9:27am
Bought Dow at @39000 for atleast 100 points. Daily candle is riped to flip green lets see.
Extreme gut feeling trader
  • #813,632
  • Mar 4, 2024 9:29am Mar 4, 2024 9:29am
Quoting navk
Yeah, the price is bullish. But I am aware, it is fighting with previous level 1.2700. The previous resistance may push the price down to 1.2650 for today. The real break , I expect to see on wednesday when " he " speaks.
You can count on Powell to say the same thing that he always says!
What you can't count on is how the market will react!
  • #813,633
  • Mar 4, 2024 9:31am Mar 4, 2024 9:31am
Quoting Ferna
{quote} He’s a big boy Rob, he can take care of himself.
....its Robin actually...
  • #813,634
  • Mar 4, 2024 9:32am Mar 4, 2024 9:32am
Quoting dantpm
{quote} You can count on Powell to say the same thing that he always says! What you can't count on is how the market will react!
Let it break down or break up.

Let us get prepared.

I expect a range before " he speaks "
Intraday only.
  • #813,635
  • Mar 4, 2024 9:34am Mar 4, 2024 9:34am
Quoting Godisawoman
{quote} I would like to think so too. But I've backtested that idea. US CPI never carries far. The next morning it could be reversing if euro has major news. Or if dollar has major news. Value is determined daily by all sorts of news. Just scroll back the gold chart. But that's just my opinion also...i may be wrong.
I agree that headline numbers don't hold much value for too long. Which is why i prefer to breakdown the inflation report itself and try to come up with my own conclusion instead of the headline number. Like this:

Attached Image (click to enlarge)
Click to Enlarge Name: inf report.png Size: 38 KB


So now i see a deflationary report. But the headline number was higher than expected. Headline indicated it's inflationary, but the report itself looks deflationary to me. Which is why i had short bias against dollar after i saw this report.
You have to have an IQ higher than 90 to interact with this user.
  • #813,636
  • Mar 4, 2024 9:37am Mar 4, 2024 9:37am
Quoting Moty
{image}
MY HERO ... you have been doing well but your positions today might fail you ....the setup is clearer and the momentum has picked ....after a retracement

DO BE EXTRA CAREFUL
  • #813,637
  • Mar 4, 2024 9:39am Mar 4, 2024 9:39am
Quoting WizardTrade
{quote} PAT the King of Swing
I prefer the Sultans Of Swing

Inserted Video
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #813,638
  • Mar 4, 2024 9:39am Mar 4, 2024 9:39am
Quoting Nordling
{quote} I agree that headline numbers don't hold much value for too long. Which is why i prefer to breakdown the inflation report itself and try to come up with my own conclusion instead of the headline number. Like this: {image} So now i see a deflationary report. But the headline number was higher than expected. Headline indicated it's inflationary, but the report itself looks deflationary to me. Which is why i had short bias against dollar after i saw this report.
You might want to read up on the rounding errors in the numbers that you are looking at. If you consider the rounding errors, the changes in the values are virtually 0!
Whether, when and how the market reacts to these changes is a whole new series of questions.
  • #813,639
  • Mar 4, 2024 9:44am Mar 4, 2024 9:44am
A new day begins...

Scala: "<all kinds of vulgarities>."
Zebi: "<all kinds of retardation>."
Nordling: "WHO UPSET MY BABIES?! HOW DARE YOU!"

And thus the world continues to turn.

dantpm: "It's all aliens and quantum computers hacking my mt4!"
Moty: "DO SHULL NOOT PASS!!! HAMMURRR <margin call>"
navk: "ANOTHER one! 4% prop trade my bitches. OpenOffice Calc, DEPLOY! What's the daily range again?"
hoda: "Look at my photosh... I mean screenshot. LOOK AT IT!"
Scala: "Yeah yeah look at my photoshop, too, guys!"

Do you guys have matching tattoos? I want to know exactly how cool you are. Thanks.
Congratulations ScalaFX for coming out of the closet!
  • #813,640
  • Mar 4, 2024 9:46am Mar 4, 2024 9:46am
Quoting nubcake
A new day begins... Scala: "<all kinds of vulgarities>." Zebi: "<all kinds of retardation>." Nordling: "WHO UPSET MY BABIES?! HOW DARE YOU!" And thus the world continues to turn. dantpm: "It's all aliens and quantum computers hacking my mt4!" Moty: "DO SHULL NOOT PASS!!! HAMMURRR <margin call>" navk: "ANOTHER one! 4% prop trade my bitches. OpenOffice Calc, DEPLOY! What's the daily range again?" hoda: "Look at my photosh... I mean screenshot. LOOK AT IT!" Scala: "Yeah yeah look at my photoshop, too, guys!" Do you guys have matching tattoos? I want...
Ok that was actually funny
You have to have an IQ higher than 90 to interact with this user.
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