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Cable Update (GBPUSD)

  • #818,101
  • Mar 21, 2024 10:23am Mar 21, 2024 10:23am
BOE'S BAILEY: UK IS `ON THE WAY' TO WINNING INFLATION FIGHT
BOE'S BAILEY: `SOME WAY TO GO' TO DEFEAT PERSISTENT INFLATION
BOE'S BAILEY SAYS UK RECESSION APPEARS TO BE FINISHED
BOE'S BAILEY: MARKET BETS ON RATE CUTS ARE `REASONABLE'

UK on the way to winning inflation fight? Market bets on rate cuts are reasonable?

This means BoE is about to start cutting rates and it's all over for our friends in UK as well... central banks are ready to destroy their currencies.

So, June seems to be the month. Symbolic number 6 (Fed, BoE & ECB).
  • #818,102
  • Mar 21, 2024 10:24am Mar 21, 2024 10:24am
Quoting DimoProFm
gbpusd is now done with down pullback, retracement down.....just buy don't wait for your indicators to confirm buy entry it will be too late for you, place 50pips stop loss, and go to sleep....
If you long at 2700, means ur stoploss is 2650..
dont teach me how to buy. im sellers!!
  • #818,103
  • Mar 21, 2024 10:27am Mar 21, 2024 10:27am
Quoting Pat Chiko
{quote} Hi Bro. maybe next week try to buy some. What is happening now may be temporary set back. GBP dipped a bit after the BoE made their announcement. This seems to be because they're leaning more dovish on inflation now, which could mean an interest rate cut sooner. I think the support now is around 1.2700 in the short term. Maybe a a good opportunity to buy GBP, seeing it'll rise to 1.3100 (donno when yet it will reach this){image}

GU
Pound is Bleeding down with no bids
Those in long position gains made after the FOMC have been eviscerated.
This maybe Wave 3 on H4/H1.

Just be carful on this strong force.
Wait for structure break at LTF (M30)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #818,104
  • Mar 21, 2024 10:29am Mar 21, 2024 10:29am
1.26 doesn't seem to be far away lol

Congrats bears! Pat, Zebi, Me, BeeTogether, Hoda and many others. Sorry if i forgot to mention other bears but you know yourselves guys. Well played!
You have to have an IQ higher than 90 to interact with this user.
  • #818,105
  • Mar 21, 2024 10:30am Mar 21, 2024 10:30am
Quoting Zebi
{quote} put in a sl at even which is 150.81 on UJ... not gona let it get away from me tp 151.76

UJ approaching my tp

i wont hold to see if breaksout hier which im sure it will...ill just add lower when retraces again abit
short trump and go long the deepstate
  • #818,106
  • Mar 21, 2024 10:32am Mar 21, 2024 10:32am
Quoting Nordling
1.26 doesn't seem to be far away lol
1.2654 will stop Bull
Intraday Trading is an Art _ hoda
  • #818,107
  • Mar 21, 2024 10:32am Mar 21, 2024 10:32am
Ok which Kuthi opened the trapdoor and not warn me
Insane in the Brain..
  • #818,108
  • Mar 21, 2024 10:34am Mar 21, 2024 10:34am
The price has overdone today.

2 times ADR.

140 pips.

I am still holding longs for 1.2700 first.
Intraday only.
  • #818,109
  • Mar 21, 2024 10:36am Mar 21, 2024 10:36am
Quoting navk
The price has overdone today. 2 times ADR. 140 pips. I am still holding longs for 1.2700 first.
127 first for me too (b/e ish) then. Look for a reaction either up to yesterday’s opening or back below
Insane in the Brain..
  • #818,110
  • Mar 21, 2024 10:37am Mar 21, 2024 10:37am
Come on support there
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yes yes yes
  • #818,111
  • Mar 21, 2024 10:37am Mar 21, 2024 10:37am
Quoting sharingan9
{quote} Same set up as my EJ trade I posted couple weeks back. Same setup all the time. Accurately predicting market swings. Value proponent. {quote} {image}{image}
I know you are readying the platform to short that EJ again big boy!
  • #818,112
  • Mar 21, 2024 10:39am Mar 21, 2024 10:39am
Quoting Moty
Come on support there {image}
Run away..

4h choch is dead..
weekly look awful.

1.2722 was the exit area
  • #818,113
  • Mar 21, 2024 10:41am Mar 21, 2024 10:41am
Quoting Zebi
time to turn bulls into hamburger and leather belts {image}
Excuse me, think of the vegans
  • #818,114
  • Mar 21, 2024 10:44am Mar 21, 2024 10:44am
Quoting KalC
{quote} Excuse me, think of the vegans
No problem the vegans can eat tofu and wear plastic shoes and boots.
Well unless they are environmentalist vegans than they can't even wear plastic or synthetic clothes. Not sure what they will do.
  • #818,115
  • Mar 21, 2024 10:45am Mar 21, 2024 10:45am
Quoting BeeTogether
{quote} 127 first for me too (b/e ish) then. Look for a reaction either up to yesterday’s opening or back below
It was fast PA in NY session.

Looking for retrace at 1 pm est.

50 % retrace is possible ( 70 pips )
Intraday only.
  • #818,116
  • Mar 21, 2024 10:46am Mar 21, 2024 10:46am
Quoting TraderFX.Id
Full power short Dragon has fallen.. 100pips to go.
I shorted it from 193 and will probably hold unless I see a good reason not to. Now, that support we were talking about comes to light.
  • #818,117
  • Mar 21, 2024 10:46am Mar 21, 2024 10:46am
Quoting smtchris71
Blew my account today. So pathetic.
earnt yourself a badge of honour, we've all been there, probably not nubcake cake as he is brilliant....
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  • #818,118
  • Mar 21, 2024 10:46am Mar 21, 2024 10:46am
In this situation I will be looking for 2 levels
2635/40
2585/90
also 2650/55 but hmmm.

If price will reach those levels, I will be considering the possibility to buy it.
Atm, no trades since the only ways for me to get this move down were:
1. short where I closed my longs.
2. jumping-in along the way on a h1 correction maybe. but that's not the way: it goes right sometimes but usually ends up in selling the low.
90% of traders use TA, indicators and prediction
  • #818,119
  • Mar 21, 2024 10:49am Mar 21, 2024 10:49am
Cable Daily lower bands 2610 target for today or tomorrow.
I will hold GJ for target H4 lowerbands 190

Quoting Whatevs
{quote} I shorted it from 193 and will probably hold unless I see a good reason not to. Now, that support we were talking about comes to light.
Thanks ur analysis makes me more confidence to short today,
dont teach me how to buy. im sellers!!
  • #818,120
  • Mar 21, 2024 10:51am Mar 21, 2024 10:51am
Quoting WizardTrade
Ready to buy the dips
Burnt myself buying the dips Over and out with a loss
WARNING: This post warps space and time in its vicinity.
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