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Cable Update (GBPUSD)

  • #826,321
  • May 17, 2024 10:37am May 17, 2024 10:37am
Next week will be interesting weak inflation news from the UK which is the expectation will increase rate cuts talk this drop the pound we could potentially see 125 aagin
Insane in the Brain..
  • #826,322
  • May 17, 2024 10:50am May 17, 2024 10:50am
Quoting Nordling
{quote} Last time i remember USD getting a good data was NFP 14 days ago.
why was it good
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,323
  • May 17, 2024 10:50am May 17, 2024 10:50am
Quoting trumps
down down, down down to 26 town. I wish I was allowed to hedge short
so that rule IS there to protect me
Compulsions can be hard to resist
  • #826,324
  • May 17, 2024 10:53am May 17, 2024 10:53am
Quoting Wavegarrick
{quote} GU buy trade opened at 1.25401. Trade safe. Cheers. {image}
Buy trades working out nicely. We are just above the halfway mark of the 2nd quarter. A weekly close above 1.27000 certainly puts bulls in a nice position.
Trade safe and have a great weekend.
Cheers.
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Trade to trade another day
  • #826,325
  • May 17, 2024 10:54am May 17, 2024 10:54am
on the hourly resistance, I sold. 1.2704

stop 2709.
Intraday only.
  • #826,326
  • May 17, 2024 10:55am May 17, 2024 10:55am
Quoting trumps
{quote} so that rule IS there to protect me
That and the FIFO rule....real protection i tell you.
  • #826,327
  • May 17, 2024 10:57am May 17, 2024 10:57am
Quoting Wavegarrick
{quote} Buy trades working out nicely. We are just above the halfway mark of the 2nd quarter. A weekly close above 1.27000 certainly puts bulls in a nice position. Trade safe and have a great weekend. Cheers. {image}
Brilliant Leon how do you do it, every chart you post is a winner ...
  • #826,328
  • May 17, 2024 10:58am May 17, 2024 10:58am
Quoting SmallGains
{quote} That and the FIFO rule....real protection i tell you.
I’m not under that banner of protection yet. I should protest the inequality (or is it inequity?)
Compulsions can be hard to resist
  • #826,329
  • May 17, 2024 11:00am May 17, 2024 11:00am
Quoting Wavegarrick
{quote} Buy trades working out nicely. We are just above the halfway mark of the 2nd quarter. A weekly close above 1.27000 certainly puts bulls in a nice position. Trade safe and have a great weekend. Cheers. {image}
good work
Compulsions can be hard to resist
  • #826,330
  • May 17, 2024 11:01am May 17, 2024 11:01am
Quoting trumps
{quote} I’m not under that banner of protection yet. I should protest the inequality (or is it inequity?)
Why not both? Never in our favor.
  • #826,331
  • May 17, 2024 11:01am May 17, 2024 11:01am
Trend h1 is up,strong trend. Can be up and down candles.But this trend hold one week.i like people who short this trend.
  • #826,332
  • May 17, 2024 11:02am May 17, 2024 11:02am
Quoting SmallGains
{quote} Why not both? Never in our favor.
We take our time with change here
Compulsions can be hard to resist
  • #826,333
  • May 17, 2024 11:03am May 17, 2024 11:03am
Quoting Bones
{quote} why was it good
Added jobs on permanent sectors. Headline disappointment didn't live long on the price action
You have to have an IQ higher than 90 to interact with this user.
  • #826,334
  • May 17, 2024 11:07am May 17, 2024 11:07am
Quoting Nordling
{quote} Added jobs on permanent sectors. Headline disappointment didn't live long on the price action
oh yeah I was surprised about that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,335
  • May 17, 2024 11:08am May 17, 2024 11:08am
Quoting navk
on the hourly resistance, I sold. 1.2704 stop 2709.
well, stop taken
Intraday only.
  • #826,336
  • May 17, 2024 11:10am May 17, 2024 11:10am
Quoting navk
{quote} well, stop taken
RSI dint move on hour chart but price did???
Maybe just not a big enough move?
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  • #826,337
  • May 17, 2024 11:29am May 17, 2024 11:29am
If you look h1 trend ,the biggest move is the last move usually. RSI yes.Even with RSI it can continue with divergence.Here will be retrace or biggest last move on 1 H trend.
  • #826,338
  • May 17, 2024 11:35am May 17, 2024 11:35am
R2 top end for the day I think. We may have even seen the days high already. Correction could begin on Monday with no volatility data
Insane in the Brain..
  • #826,339
  • May 17, 2024 11:37am May 17, 2024 11:37am
Quoting BeeTogether
R2 top end for the day I think. We may have even seen the days high already. Correction could begin on Monday with no volatility data
How far can we correct at this point?

1.263 still possible ?

Where is your target ?
  • #826,340
  • May 17, 2024 11:43am May 17, 2024 11:43am
Quoting Jackoboms
{quote} How far can we correct at this point? 1.263 still possible ? Where is your target ?
next week I’m gonna let it ride. UK data should indicate a rate cut so this could drop like a lead balloon
Insane in the Brain..
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