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Cable Update (GBPUSD)

  • #815,521
  • Mar 12, 2024 7:16am Mar 12, 2024 7:16am
expect GU hit 275x or 271x and run up, Gold exactly the same hit 2165 or better 2150 and run up for new high
People don't plan to lose. They lose because they don't plan.
  • #815,522
  • Mar 12, 2024 7:17am Mar 12, 2024 7:17am
It's too bad they don't have an indicator which shows commercial and retail tic volume and compares it to market and broker volume. This would help with predicting market direction by showing you where the market is building positions!
  • #815,523
  • Mar 12, 2024 7:24am Mar 12, 2024 7:24am
Quoting Coreg2004
{quote} Unusual Monday...happens sometimes. {image}

Here is the 30M chart with possible setups for those who don't read the books b/c those who do have similar or identical ones.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 03.12 30M.png Size: 39 KB
Always trade your own plan...I don't provide trading signals.
  • #815,524
  • Mar 12, 2024 7:28am Mar 12, 2024 7:28am
Quoting ScalaFX
expect GU hit 275x or 271x and run up, Gold exactly the same hit 2165 or better 2150 and run up for new high
Expecting Gold to 2114 in the next few days.
However, everything will depend on the Quality of this CPI data.
More time in the market, does not mean you trade better!
  • #815,525
  • Mar 12, 2024 7:32am Mar 12, 2024 7:32am
Quoting Nordling
In this CPI report, i will be watching Shelter, Food, Energy, Cars, Apparel price changes. These numbers tend to be the main drivers of the market. Headline CPI will trigger a move just for a day or two. Like it happened on 13 February: Inflationary headline number (good for usd): {image} Deflationary CPI report (bad for usd): {image} We can see the bullish swing on GU D1 tf until the GDP data: {image}
Very inflationist report, both headline and report itself. buy USD
You have to have an IQ higher than 90 to interact with this user.
  • #815,526
  • Mar 12, 2024 7:33am Mar 12, 2024 7:33am
Quoting ScalaFX
expect GU hit 275x or 271x and run up, Gold exactly the same hit 2165 or better 2150 and run up for new high
done
People don't plan to lose. They lose because they don't plan.
  • #815,527
  • Mar 12, 2024 7:34am Mar 12, 2024 7:34am
Look at the elasticity! Data was good for USD but that 50 pips drop bounced back
Insane in the Brain..
  • #815,528
  • Mar 12, 2024 7:34am Mar 12, 2024 7:34am
GU short ended. It's swinging up and down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-cd(M15)_2024.03.12_213204.gif Size: 42 KB
  • #815,529
  • Mar 12, 2024 7:36am Mar 12, 2024 7:36am
Quoting Fardeen1209
{quote} Expecting Gold to 2114 in the next few days. However, everything will depend on the Quality of this CPI data.
Looks like 2114 is possible.
However, majority of pressure came from Energy.
More time in the market, does not mean you trade better!
  • #815,530
  • Mar 12, 2024 7:36am Mar 12, 2024 7:36am
Quoting Whatevs
Support 1.2755 - 1.2745
Hahahahahah...

Did anyone buy at the Support?
  • #815,531
  • Mar 12, 2024 7:38am Mar 12, 2024 7:38am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 58 KB


E. and BP Long both.......

  • #815,532
  • Mar 12, 2024 7:39am Mar 12, 2024 7:39am
I can't believe what happened to me I put in a sell stop at 2790 just before data a minute before my platform hangs and my sell stop went in at 2753 how fucked up is this
average dude treading water
  • #815,533
  • Mar 12, 2024 7:40am Mar 12, 2024 7:40am
Quoting josip
DXY H1 trendlines if we stay below yellow line,it looks bad for usd... {image}
update1
DXY H1
still below yellow line
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 230 KB
Trendlines H1,H4, SMC
  • #815,534
  • Mar 12, 2024 7:41am Mar 12, 2024 7:41am
Quoting Fardeen1209
{quote} Looks like 2114 is possible. However, majority of pressure came from Energy.
2210-2230 thats the level I think Gold will hit and then start some correction
People don't plan to lose. They lose because they don't plan.
  • #815,535
  • Mar 12, 2024 7:42am Mar 12, 2024 7:42am
Quoting ScalaFX
{quote} done
great call
  • #815,536
  • Mar 12, 2024 7:42am Mar 12, 2024 7:42am
Not sure why the move up the data wasn’t good for GU..

unless this SL taking
Insane in the Brain..
  • #815,537
  • Mar 12, 2024 7:44am Mar 12, 2024 7:44am
Quoting BeeTogether
Not sure why the move up the data wasn’t good for GU..
It's gonna turn in bear's favor sooner and later. Either at NY open or tomorrow imo
You have to have an IQ higher than 90 to interact with this user.
  • #815,538
  • Mar 12, 2024 7:44am Mar 12, 2024 7:44am
Quoting BeeTogether
Not sure why the move up the data wasn’t good for GU..
Me neither... however, our plan was executed in full! We were talking about how we hope we'll get higher than forecast numbers so we can get a retracement and we did!
  • #815,539
  • Mar 12, 2024 7:47am Mar 12, 2024 7:47am
You guys are gambling. Price shooting the opposite direction of where it should go. US is the biggest thief of all time.
Teerex
  • #815,540
  • Mar 12, 2024 7:47am Mar 12, 2024 7:47am
Quoting Ferna
{quote} This very bad for dollar lol. Telling ppl to get on wrong side of market mega troll
What's exactly bad for the dollar can you explain? you don't even share your analysis here so stfu troll. i doubt u even trade lmao
You have to have an IQ higher than 90 to interact with this user.
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