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Cable Update (GBPUSD)

  • #817,461
  • Mar 19, 2024 1:48pm Mar 19, 2024 1:48pm
Quoting Zebi
{quote} thanks bonzey for your concern but i already closed all my longs and shorts 5 hours before your warning {quote}
I know how much care homes are, which is why I worry... all the daily has to do is close inside the last one to be valid,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #817,462
  • Mar 19, 2024 1:56pm Mar 19, 2024 1:56pm
i see the room and the usual suspects are still bullish so i have to take advantage of that and go against youse LOL...and i placed sell limits around this red line so if price climbs up there while im sleeping during londontime ill get taken in or if not then when price spikes up on the fed announcement like its prone to do ill get in shorts that way

if starts falling during tokyo ill short manually up till time i go to bed


i know youre prolly thinking zebi is just a permabear freak who wont go long like billgu thinks but i have to tell you after seeing the dollar drop its pants and shit on the heads of japanese bankers and their rate hike theres no way in hell ill turn boolisg anything soon .. edit: damn so many typos...i better stop eating at my keyboard LOL

just think i turned bearish GU and boolish the dollar when sauds joined the BRICS on janurary 2nd and im sure you all remember how the greenback pissed on them that day LOL

well it shit of the japs last night LOL
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short trump and go long the deepstate
  • #817,463
  • Mar 19, 2024 1:58pm Mar 19, 2024 1:58pm
Quoting Bones
{quote} I know how much care homes are, which is why I worry... all the daily has to do is close inside the last one to be valid,

i know what youre thinking but thats WRONG LOL and isnt valid...its still on an earlier daily sell signal that today didnt reverse
short trump and go long the deepstate
  • #817,464
  • Mar 19, 2024 2:07pm Mar 19, 2024 2:07pm
all it has to do is close inside the last candle to be a valid hammer
but this daily is up against the weekly, so we should be cautious, also it's red
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #817,465
  • Mar 19, 2024 3:04pm Mar 19, 2024 3:04pm
Thank God for today...it was a sweet cash out trading GU, AU, EU and NU buy
  • #817,466
  • Mar 19, 2024 3:34pm Mar 19, 2024 3:34pm
Quoting Pat Chiko
{quote} GU Added SHORT position. (not signal service, but trying my luck only){image}
GU

Revised set up for FOMC later.
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Disclaimer: This is not a trade signal service. (I'm Newbie)
The information provided is my personal opinion and should not be considered as financial advice for trading purposes.
Please consult with other more professional traders here before making any investment decisions.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #817,467
  • Mar 19, 2024 3:37pm Mar 19, 2024 3:37pm
Quoting fex.
liquidity lows out (EQL), expecting liquidity highs (EQH) out and reaction at daily highier OB, only dreams for monday... PA will tell, we adapt & react {image}

sr Reaction,
will have good luck if it touches the upper liquidity
for now at weekly open... wating future reactions
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newbie
  • #817,468
  • Mar 19, 2024 4:06pm Mar 19, 2024 4:06pm
Quoting Pat Chiko
{quote} GU Revised set up for FOMC later.{image} Disclaimer: This is not a trade signal service. (I'm Newbie) The information provided is my personal opinion and should not be considered as financial advice for trading purposes. Please consult with other more professional traders here before making any investment decisions.
My analytical process tells me GBPUSD has further upside to explore (beyond recent 1.288 high), but my intuitive feel on the market tells me Bear.

I am confused.

Annoyingly, I am just going to sit it out.

(and f it goes up, kick myself for not following my analysis, and if it goes down, kick myself for not following my intuition)
  • #817,469
  • Mar 19, 2024 4:40pm Mar 19, 2024 4:40pm
Quoting GusParker
{quote} My analytical process tells me GBPUSD has further upside to explore (beyond recent 1.288 high), but my intuitive feel on the market tells me Bear. I am confused. Annoyingly, I am just going to sit it out. (and f it goes up, kick myself for not following my analysis, and if it goes down, kick myself for not following my intuition)
MAIN EVENT

The upcoming week presents a confluence of significant events likely to induce market volatility and potential price fluctuations.
These include the release of UK CPI data, the US Federal Funds Rate decision, the UK Official Bank Rate announcement, and culminating with a speech by Fed Chair Powell on Friday.

Increased trading activity and potential manipulation attempts surrounding these events are anticipated.

During periods of heightened volatility, adhering to your pre-defined trading strategy is paramount.
Remember, successful trading hinges on a well-suited approach.
Focus on your established analysis and employ the strategy that best aligns with your risk tolerance and trading goals.
As always, prioritize informed decision-making and prioritize risk management practices throughout this period.


Trade Safe & Responsibly.



NOTES :
It's crucial to conduct your own thorough market analysis before initiating any trades.
This ensures your decisions align with your personal risk tolerance and trading strategy.
While external insights can be valuable, the ultimate responsibility for your trades rests with you.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #817,470
  • Mar 19, 2024 4:43pm Mar 19, 2024 4:43pm
Quoting GusParker
{quote} My analytical process tells me GBPUSD has further upside to explore (beyond recent 1.288 high), but my intuitive feel on the market tells me Bear. I am confused. Annoyingly, I am just going to sit it out. (and f it goes up, kick myself for not following my analysis, and if it goes down, kick myself for not following my intuition)
interesting situation...
waiting for Month Close, but
from a Weekly view, we could have a potential FO reaction on Weekly OB, after potential acummulation,
and below there are suculent Liquidity with recent monthly FVG,
for now weekly lower OB has been touched,
but market will do, we will be ready
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newbie
  • #817,471
  • Mar 19, 2024 4:52pm Mar 19, 2024 4:52pm
Quoting Pat Chiko
{quote} GU Revised set up for FOMC later.{image} Disclaimer: This is not a trade signal service. (I'm Newbie) The information provided is my personal opinion and should not be considered as financial advice for trading purposes. Please consult with other more professional traders here before making any investment decisions.
UK CPI

The Bank of England (BoE) is on the spot.
Inflation in the UK has been high, and everyone's waiting to see if it's finally starting to ease.

The big reveal comes later (today) with the release of the February inflation report.
This report could be the deciding factor in whether the BoE keeps interest rates high or gives the economy a boost with a cut.

The lowdown:

Inflation slowdown expected: Market predict inflation to dip to around 3.6% in February.(compare 4.0% January)
That's still not ideal, considering the BoE's target is 2%, but it would be a step in the right direction.

BoE in a holding pattern: Even with a slowdown, the BoE might hold off on cutting rates just yet.
They want to see inflation come down more consistently before easing off the brakes
(UK economy isn't exactly firing on all cylinders either.)

Food and services in focus: The details of the report will be key.
Markets will be watching food prices closely, as well as "sticky" inflation in service sectors like restaurants and hairdressers.
These areas can be slow to budge, so their movement can tell the BoE a lot about how entrenched inflation is.
(This is Core CPI inflation is set to 4.6% YoY in February, from 5.1% in January.)


How to react to the report.
Higher inflation, stronger pound?
If inflation comes in hotter than expected, the BoE might keep rates high or even raise them to cool things down.
This could strengthen the Pound Sterling compared to other currencies.

Slower inflation, weaker pound (but maybe a rate cut later)?
If inflation surprises on the downside, there's a chance the BoE might consider a rate cut.
This could weaken the Pound Sterling in the short term, but it could also give the economy a shot in the arm.

The bottom line:
This inflation report is a big deal for the Pound Sterling and the BoE's next move.
A lower-than-expected number could put a rate cut on the table later this year.
But until the numbers are in, the BoE will likely stay cautious and keep rates on hold.
We'll all be watching closely on Wednesday (in few hours) to see if inflation is finally starting to behave!

Trade safe.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #817,472
  • Mar 19, 2024 5:00pm Mar 19, 2024 5:00pm
Quoting Pat Chiko
{quote} MAIN EVENT The upcoming week presents a confluence of significant events likely to induce market volatility and potential price fluctuations. These include the release of UK CPI data, the US Federal Funds Rate decision, the UK Official Bank Rate announcement, and culminating with a speech by Fed Chair Powell on Friday. Increased trading activity and potential manipulation attempts surrounding these events are anticipated. During periods of heightened volatility, adhering to your pre-defined trading strategy is paramount. Remember,...
Don't have a predefined trading strategy. I know that they say that one should have a well defined trading plan/strategy, and follow it no matter what, but what they don't tell you is that the markets are far too organic a phenomena to be mastered by a simple flow chart or a handful of parameter bullet points and by sticking rigidly to some simplistic algorithmic approach, more often than not you will simply be tripping yourself up.

Quoting fex.
{quote} interesting situation... waiting for Month Close, but from a Weekly view, we could have a potential FO reaction on Weekly OB, after potential acummulation, and below there are suculent Liquidity with recent monthly FVG, for now weekly lower OB has been touched, but market will do, we will be ready {image}
I am unsure about what the abbreviations that you use mean. But I take an altogether simpler approach. Namely, the market wants your Stop Loss. Thus I aim to enter in liquidity zones, and exit on an approach towards a HTF liquidity zone. And that is it. If other features all line up, such as MAs, Fib ratios, Trendlines, Pivot Points, then great (and for the following GBPUSD trade on the Daily Chart, they do).

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I may just put the above entry on at any rate...likely to be quite a bit of whipsawing prior to that area getting it anyhow....or if there isn't, and price goes straight down, then I may just pull it.
  • #817,473
  • Mar 19, 2024 5:58pm Mar 19, 2024 5:58pm
Quoting GusParker
{quote} My analytical process tells me GBPUSD has further upside to explore (beyond recent 1.288 high), but my intuitive feel on the market tells me Bear. I am confused. Annoyingly, I am just going to sit it out. (and f it goes up, kick myself for not following my analysis, and if it goes down, kick myself for not following my intuition)

Later on we got a ton of Euro/Brit data to come out which will drive price somewhat but will be overshadowed by the Feds interest rate decision later on which is the biggie....
Before FOMC there will be many oppotunities to buy and sell because it will be a highly active Euro/London/New York session IMO
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Don't Leave Money on the Table
  • #817,474
  • Mar 19, 2024 6:04pm Mar 19, 2024 6:04pm
After much reflection on what is the best trading strategy to adopt I've made my decision.....

THIS IS NOT FINANCIAL ADVICE!!!
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Don't Leave Money on the Table
  • #817,475
  • Mar 19, 2024 7:02pm Mar 19, 2024 7:02pm
Quoting HaLBot
{quote} Later on we got a ton of Euro/Brit data to come out which will drive price somewhat but will be overshadowed by the Feds interest rate decision later on which is the biggie.... Before FOMC there will be many oppotunities to buy and sell because it will be a highly active Euro/London/New York session IMO {image} {image}
lots of blown accounts gonna occur
  • #817,476
  • Mar 19, 2024 7:35pm Mar 19, 2024 7:35pm
see a buying opportunity gbpcad 0.07 lots going for at least 20 pips depending on the flow of market will leave open to collect more pips
  • #817,477
  • Mar 19, 2024 7:37pm Mar 19, 2024 7:37pm
DJI, NAS and S&P selling off after hours. Keep an eye on AUD and NZD, market is loading them up (which often happens when the indices are going to run short or there's major drama coming up). NZD struggling a little but if you have an appetite for risk, long around 0.6030-50 and short the EURNZD cross. AUD doing much better and the EURAUD cross selling off nicely. Never trade AUD or NZD long if the crosses are bullish, but if the crosses are selling, then look for a good entry. We'll see what happens when Europe session kicks in.
  • #817,478
  • Mar 19, 2024 7:39pm Mar 19, 2024 7:39pm
Quoting Jade Gate
DJI, NAS and S&P selling off after hours. Keep an eye on AUD and NZD, market is loading them up (which often happens when the indices are going to run short or there's major drama coming up). NZD struggling a little but if you have an appetite for risk, long around 0.6030-50 and short the EURNZD cross. AUD doing much better and the EURAUD cross selling off nicely. Never trade AUD or NZD long if the crosses are bullish, but if the crosses are selling, then look for a good entry. We'll see what happens when Europe session kicks in.
I'm going to guess we'll see all of what you wrote being useless.

As is usually the way when people try to make narratives about price. It's adorable. If you aren't Jack then you must be related.
Congratulations ScalaFX for coming out of the closet!
  • #817,479
  • Mar 19, 2024 8:34pm Mar 19, 2024 8:34pm
GU is bear...but if H4 close above 2740, im sure will turn to bullish very strong
dont teach me how to buy. im sellers!!
  • #817,480
  • Mar 19, 2024 8:44pm Mar 19, 2024 8:44pm
Try to buy with some lot, its to be risky because need to breakout to move up.
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