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Cable Update (GBPUSD)

  • #821,181
  • Apr 11, 2024 12:30pm Apr 11, 2024 12:30pm
Quoting Whatevs
{quote} This is why I think news mean nothing at all in FX. If TA suggests Long or Short, TA is almost always right if one can figure out what TA is trying to say.
Agree completely. The "news" nearly always shows up in the TA first (if you know what to look for and have the patience to wait for price to come to you).
  • #821,182
  • Apr 11, 2024 12:35pm Apr 11, 2024 12:35pm
Quoting Jolita
{quote} Still can't see it rising, price needs to take 1.300 to reverse what is written on the monthly chart. Cable not easy to trade right now, we kind of low, but not quiet. {image}
Yeah... still more room down. 1.246 is still that Support that should be hit first and then we'll see what the reaction will be.
  • #821,183
  • Apr 11, 2024 1:08pm Apr 11, 2024 1:08pm
Quoting Whatevs
{quote} Market probably priced in 18% traders that were net Long on USD/JPY and 82% net Short hahahah. 152 had to give in and they made it happen by lowering the forecast from 3.5% to 3.4%, so they actually have "a reason" to push USD high. If you ask me they have intentionally lowered forecast, because majority was Short USD, so they can collect their money. But, that's just crazy me talking... I'm sure MSM will give a good reason why USD went up so much yesterday as they always do. This is why I think news mean nothing at all in FX. If...
speaking about news in terms of data like we had yesterday, yes I agree, it’s sometimes just (maybe manipulated) numbers.
my concern is about such a steep and quick down move in cable blowing 200 pips for just a 0.1% cpi.
and more… cpi rising while today PPI got even lower than forecasts, with oil rising in last month approx a 15%
It’s a total madness and looks to me they found their way with this inflation shit: one can easily manipulate it. I mean, easier than GDP (for example).
90% of traders use TA, indicators and prediction
  • #821,184
  • Apr 11, 2024 2:12pm Apr 11, 2024 2:12pm
goldi
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yes yes yes
  • #821,185
  • Apr 11, 2024 5:12pm Apr 11, 2024 5:12pm
Quoting Konichiwhaat
{quote} Got this trade to BE just before NFP... Still got slippage of -13 pips, yikes. Lucky ended the first week of April in the green. Have a nice weekend everyone
13. Long
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Emotional Control. Process, not outcome.
  • #821,186
  • Apr 11, 2024 5:17pm Apr 11, 2024 5:17pm
2585 to 2600 today, that is r1 area.
Intraday only.
  • #821,187
  • Apr 11, 2024 7:04pm Apr 11, 2024 7:04pm
Quoting Zebi
long GU 2531 off of hourly chart

I just closed my longs at 2555

UK is a basketcase and I don't think GDP will come in at forecast

so since ill be sleeping don't want to hold longs
short trump and go long the deepstate
  • #821,188
  • Apr 11, 2024 7:08pm Apr 11, 2024 7:08pm
Quoting Zebi
short UJ 153.22 no sl for now and looking to go long GU on a green candle but haven't yet these are off 15min charts so just scalps


closed UJ too at 151.09
short trump and go long the deepstate
  • #821,189
  • Apr 11, 2024 8:23pm Apr 11, 2024 8:23pm
Quoting NextElliott
{quote} Zebi, Wanna Buy UJ @ 151.63 SL- 150.56 TP-153.23.. What you suggest
UJ Target 153.23 achieved..
I'm not always right.. I'm not always wrong neither
  • #821,190
  • Apr 11, 2024 8:29pm Apr 11, 2024 8:29pm
Quoting navk
2585 to 2600 today, that is r1 area.
Opened 2 lots gu long after asia and decided to close long trades keeping in mind UK GDP numbers.

33 $ booked.

Something is better than loss.
Intraday only.
  • #821,191
  • Apr 11, 2024 9:34pm Apr 11, 2024 9:34pm
Come on mister goldi
Make that pull back
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yes yes yes
  • #821,192
  • Apr 11, 2024 9:36pm Apr 11, 2024 9:36pm
Already down weekly, still 2499 confirmation breaks and hold may better for next week plays for 2250 target areas. Waiting.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,193
  • Apr 11, 2024 10:00pm Apr 11, 2024 10:00pm
Quoting Luxyus
{image}
it was more than a month ago and before the run to 1.29, i ve suffered with that positions, obliged to clear some of them by using hedge and turn equity in favour of that rally and placing some higher shorts (most of them already banked).



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actually last positions are for final TP. Anyway by lookin at weekly i m planning to close all today.
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chaos is just unknown order
  • #821,194
  • Apr 11, 2024 10:07pm Apr 11, 2024 10:07pm
Quoting Konichiwhaat
{quote} 13. Long {image}
13. SL
14. Re-entry
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Emotional Control. Process, not outcome.
  • #821,195
  • Apr 11, 2024 11:06pm Apr 11, 2024 11:06pm
Uk data not too bad , maybe see a move above? However it is Friday anything can happen
Insane in the Brain..
  • #821,196
  • Apr 11, 2024 11:25pm Apr 11, 2024 11:25pm
Quoting BeeTogether
Uk data not too bad , maybe see a move above? However it is Friday anything can happen
imo GU has a lot more down potential than up.

1.22 is main target
  • #821,197
  • Apr 11, 2024 11:26pm Apr 11, 2024 11:26pm
Quoting BeeTogether
Uk data not too bad , maybe see a move above? However it is Friday anything can happen
Think we may be in for one of those days where irrational market behaviour defies the fundies. At least, that's how the TA looks to this trader.
  • #821,198
  • Apr 11, 2024 11:29pm Apr 11, 2024 11:29pm
Quoting Jade Gate
{quote} Think we may be in for one of those days where irrational market behaviour defies the fundies. At least, that's how the TA looks to this trader.
totally with you on this one. The data should have helped push it towards the days opening are but instead it’s dropped a bit. Fry-day manipulation
Insane in the Brain..
  • #821,199
  • Apr 11, 2024 11:29pm Apr 11, 2024 11:29pm
Quoting BeeTogether
Uk data not too bad , maybe see a move above? However it is Friday anything can happen
Diamond like swing at a bottom with all good/green UK date, and though smaller tf diamond usually not work, still its bearish, test previous low or below 2499 may invalidate to before reaction high as just spike up before further down possible. Anyway overall bearish., in failure or success of diamond! Success bear target can be 2510 - 68 = 2442 or more down!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #821,200
  • Apr 11, 2024 11:29pm Apr 11, 2024 11:29pm
Quoting Pat Chiko
{quote} INDEXES I got a newbie question here, if anyone are willing to help me. Thanks in advance. Does Nasdaq, SPX500 and Dow30 have similar moves and correlated ? Nasdaq, SPX500, and Dow30 are all major stock market indices, but they represent different segments of the market. I have seen many occasion thaat they often move in the same general direction , may be due to broader market trends, but also exhibit differences in performance and volatility. Nasdaq: It primarily includes technology and internet-related stocks. SPX500: Includes 500 of...
Hey man
take a look. Also in the chart that you have posted you can see SMC DIV
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