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Cable Update (GBPUSD)

  • #814,741
  • Mar 7, 2024 9:45am Mar 7, 2024 9:45am
Final short added at 12782

now let’s see if we get a correction before 128
Insane in the Brain..
  • #814,742
  • Mar 7, 2024 9:46am Mar 7, 2024 9:46am
Quoting birdland
GU overextended from weekly pivot view...take care;-) {image}
I suppose a break above 128 will take us much higher else back to 127 ish
Insane in the Brain..
  • #814,743
  • Mar 7, 2024 9:47am Mar 7, 2024 9:47am
Quoting nubcake
Hidden
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  • #814,744
  • Mar 7, 2024 9:48am Mar 7, 2024 9:48am
2785 short GU will add
People don't plan to lose. They lose because they don't plan.
  • #814,745
  • Mar 7, 2024 9:49am Mar 7, 2024 9:49am
Quoting birdland
GU overextended from weekly pivot view...take care;-) {image}
Over-manipulation in play
  • #814,746
  • Mar 7, 2024 9:49am Mar 7, 2024 9:49am
Guru showing 1hr 4hr Signal 2827 And gold showing sell signals ..just what my doctor ordered
average dude treading water
  • #814,747
  • Mar 7, 2024 9:52am Mar 7, 2024 9:52am
Quoting MIKKI
Guru showing 1hr 4hr Signal 2827 And gold showing sell signals ..just what my doctor ordered
Not DrDave hopefully...
  • #814,748
  • Mar 7, 2024 9:57am Mar 7, 2024 9:57am
Opened some tiny shorts in order to reserve my place from a good price. Just in case if Dollar want to make a comeback with NFP tomorrow and CPI next week
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  • #814,749
  • Mar 7, 2024 10:02am Mar 7, 2024 10:02am
Quoting Waveskierrob
{quote} Not DrDave hopefully...
ΚΛΑΙΩ..............

  • #814,750
  • Edited 10:25am Mar 7, 2024 10:03am | Edited 10:25am
Quoting Nordling
Opened some tiny shorts in order to reserve my place from a good price. Just in case if Dollar want to make a comeback with NFP tomorrow and CPI next week {image}
According to Murphy Laws, NFP will be a big miss tomorrow and dollar will weaken more bc i bought it

I will make my last decision for March after the CPI report
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  • #814,751
  • Mar 7, 2024 10:04am Mar 7, 2024 10:04am
Quoting Ferna
{quote} Some day some wise guy will slap up a chart comparing the daily range of all asset classes. How much was the movement/range back in the day? You had like 200 pip movements? Now is like 40-50 in GU and EU. Guess it’s part of the financial stabilization plan. Something between free floating currency and a fixed rate currency.
most likely somewhat of a memory bias at play here, people will tend to remember 'big' days and forget the small ones - average monthly range has remained relatively similar since 2000 (with notable exception for the financial crisis and brexit):
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  • #814,752
  • Mar 7, 2024 10:04am Mar 7, 2024 10:04am
Short
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  • #814,753
  • Mar 7, 2024 10:09am Mar 7, 2024 10:09am
Quoting billGU
{quote} most likely somewhat of a memory bias at play here, people will tend to remember 'big' days and forget the small ones - average monthly range has remained relatively similar since 2000 (with notable exception for the financial crisis and brexit): {image}
Good info must have been the 2007-2009 guys who had hell of a ride for currency trading.
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  • #814,754
  • Mar 7, 2024 10:10am Mar 7, 2024 10:10am
Quoting Nordling
{quote} According to Murphy Laws, NFP will be a big miss tomorrow and dollar will weaken more bc i bought it I will make my last decision for March after CPI report

Nah, that's Nordling's law!
  • #814,755
  • Mar 7, 2024 10:11am Mar 7, 2024 10:11am
Quoting birdland
GU overextended from weekly pivot view...take care;-) {image}
taken added shorts.
chaos is just unknown order
  • #814,756
  • Mar 7, 2024 10:15am Mar 7, 2024 10:15am
Quoting Ferna
Alot of airport exchanges will proably see a surge in african tourists going to Istanbul and other destinations as we approach summer, which need to exchange money into turkish lire. So could be a good spot to short USD/TRY as flights get booked. Unfortunately western tourists still hit hard by inflation, https://www.youtube.com/watch?v=virUyGrmtIk
Don't short it, i mean for real. Central bank governor said he doesn't expect rates to go higher. Which translates to "president doesn't want me to hike further" in Turkish economics

President gets most of his votes and support from businessowners. And businessowners love taking loans and watching their loan payments shrink in value as inflation goes up. And ofc their revenue goes up which is even better for them. So they don't want USDTRY to go down and that became a policy for Türkiye since years. Even when they hike rates, they hike as dovishly as possible.

USDTRY will probably see 40 liras in the course of 6 months
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  • #814,757
  • Mar 7, 2024 10:15am Mar 7, 2024 10:15am
Yes yes yes come on bears add more sells to help us
average dude treading water
  • #814,758
  • Mar 7, 2024 10:20am Mar 7, 2024 10:20am
an observation about PA on TF H1, i don t know if any has noticed that since the start of March it s repeating for the 3rd time the same. Makin a double top then breakin it then a retrace on asian session
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chaos is just unknown order
  • #814,759
  • Mar 7, 2024 10:20am Mar 7, 2024 10:20am
2790 seems to be the resistance..

but..

I suspect 2750 to hold for NY session and early asia.

Break 2790 to drop is the good scenario.
Intraday only.
  • #814,760
  • Mar 7, 2024 10:23am Mar 7, 2024 10:23am
Quoting MIKKI
Yes yes yes come on bears add more sells to help us
bank something still u can and if u have already done i m sure that s not and will not be my money
chaos is just unknown order
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