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Cable Update (GBPUSD)

  • #821,881
  • Apr 16, 2024 8:09pm Apr 16, 2024 8:09pm
Quoting Fardeen1209
{image}
Maybe this does. The last 4 months... 85 buys in a row.
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  • #821,882
  • Apr 16, 2024 8:36pm Apr 16, 2024 8:36pm
Quoting Konichiwhaat
{quote} This is the reason I am highlighting this trade. I have nothing against the trader (I have no idea who they are), but I see these types of "trade calls" all the time. This call with a (1) 100% guaranteed trade status, (2) no chart, explanation or analysis/data to back up the claim, and then (3) a profit target of 80 pips with no stop loss... I felt the urge to highlight why these types of non backed up calls can be dangerous to people. I am keeping an open mind. Maybe the trader will learn something, maybe I will learn something, maybe we...
https://www.forexfactory.com/thread/...1#post14695821

Posted this before the year started...
  • #821,883
  • Apr 16, 2024 8:58pm Apr 16, 2024 8:58pm
Quoting BlackLotus
{quote} https://www.forexfactory.com/thread/...1#post14695821 Posted this before the year started...
This post was not directed at you. But yes, this is great analysis, well done, nice trade. Trend following is best (in my opinion)
Emotional Control. Process, not outcome.
  • #821,884
  • Apr 16, 2024 9:22pm Apr 16, 2024 9:22pm
Quoting Jolita
{quote} 155.50 and a big one 160.00
I think 160 is way too optimistic. Japan just blitzed the moves at 154.35 and 154.65...
In my opinion, it's likely USD/JPY won't even hit 155.
  • #821,885
  • Apr 16, 2024 9:24pm Apr 16, 2024 9:24pm
Quoting BeeTogether
So a spike down and a move up? Anything important in Powells speech or was it just markets reaction to a possible rate cut?
Possible rate cut based on what?

  • #821,886
  • Apr 16, 2024 9:50pm Apr 16, 2024 9:50pm
On the spike of yesterday of DX on Powell s words i ve on TF H4 an RSI[fast] divergence, and most likely markets have already priced in the UK and UE CPI release of today. These factors suggest me a possible intraday retracement at least for cable and fiber or even a reversal. Have to pay great attention on how market react today.
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chaos is just unknown order
  • #821,887
  • Apr 16, 2024 10:54pm Apr 16, 2024 10:54pm
Quoting dantpm
{quote} Possible rate cut based on what?
speculation lol.
Insane in the Brain..
  • #821,888
  • Apr 16, 2024 11:06pm Apr 16, 2024 11:06pm
Seems uk data better than expected. Decent spike up, will this give us an indication on the PA ? It has since then dropped but that always happens. Maybe 125 today? Will need to crack a good few resistance areas though.
Insane in the Brain..
  • #821,889
  • Apr 16, 2024 11:16pm Apr 16, 2024 11:16pm
Quoting BeeTogether
Seems uk data better than expected. Decent spike up, will this give us an indication on the PA ? It has since then dropped but that always happens. Maybe 125 today? Will need to crack a good few resistance areas though.
Price action is dead.
  • #821,890
  • Apr 16, 2024 11:19pm Apr 16, 2024 11:19pm
Quoting BeeTogether
{quote} speculation lol.
Until you get a new Fed Chairman or a debt to gdp ration less than 100%(?), I believe you are magically going to see data that suggests inflation is higher than 3% and doesn't justify a rate cut.

But I have been saying similar things for a while now.
  • #821,891
  • Apr 16, 2024 11:24pm Apr 16, 2024 11:24pm
Quoting dantpm
{quote} Until you get a new Fed Chairman or a debt to gdp ration less than 100%(?), I believe you are magically going to see data that suggests inflation is higher than 3% and doesn't justify a rate cut. But I have been saying similar things for a while now.
and boom there we had it… 3.2. It’s going to be the similar figure until June and then oh let’s not cut rates just yet. BoE got a bit carried away lol
Insane in the Brain..
  • #821,892
  • Apr 16, 2024 11:29pm Apr 16, 2024 11:29pm
I'm still convinced they'll all cut in June.

Something will happen that will give them a reason to start cutting rates.


Now, I'm going to have some coffee, because I'm not insane to spend any minute more looking at this dead price action.

Last rally against JPY, yay!
  • #821,893
  • Apr 16, 2024 11:33pm Apr 16, 2024 11:33pm
Quoting BeeTogether
Seems uk data better than expected. Decent spike up, will this give us an indication on the PA ? It has since then dropped but that always happens. Maybe 125 today? Will need to crack a good few resistance areas though.
GU

H.i Bro.

On weekly price is sitting pretty on SSR zone with symmetrical triangle formation.
It may rebounce or take break below.

On H1 is with descending triangle formation, with possible Fake out to take out LQ above.
Chart speak better, it is just my newbie view as I/m on scalping mode.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #821,894
  • Apr 16, 2024 11:38pm Apr 16, 2024 11:38pm
London thrust before NY bust
Compulsions can be hard to resist
  • #821,895
  • Apr 16, 2024 11:39pm Apr 16, 2024 11:39pm
Quoting Whatevs
I'm still convinced they'll all cut in June. Something will happen that will give them a reason to start cutting rates. Now, I'm going to have some coffee, because I'm not insane to spend any minute more looking at this dead price action. Last rally against JPY, yay!
'Summer rate cuts' or 'bait for convention vote rate cuts' are very possible but will be short lived!
  • #821,896
  • Apr 16, 2024 11:42pm Apr 16, 2024 11:42pm
Quoting trumps
London thrust before NY bust
That was the last two days MO for GU.
Goes up and came back to where it started.

I expect the same mode of play today.
Thus scalping till Christmas.............
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #821,897
  • Apr 16, 2024 11:42pm Apr 16, 2024 11:42pm
Everything is rallying against JPY except USD, why? USD/JPY probably won't pass 155 and they are letting other currencies to rally against JPY for the time being while holding USD down. When USD starts heading up again for 155, then it's over.
  • #821,898
  • Apr 16, 2024 11:44pm Apr 16, 2024 11:44pm
Stong bullish signal based on harmonic patterns, TP target should be 1.2585
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  • #821,899
  • Apr 16, 2024 11:53pm Apr 16, 2024 11:53pm
Quoting Luxyus
On the spike of yesterday of DX on Powell s words i ve on TF H4 an RSI[fast] divergence, and most likely markets have already priced in the UK and UE CPI release of today. These factors suggest me a possible intraday retracement at least for cable and fiber or even a reversal. Have to pay great attention on how market react today. {image}
oh well
chaos is just unknown order
  • #821,900
  • Apr 16, 2024 11:57pm Apr 16, 2024 11:57pm
its cpi y/y gbp grab some free pips its like 400+ bullish right now
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