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Cable Update (GBPUSD)

  • #826,621
  • May 22, 2024 4:07am May 22, 2024 4:07am
Quoting axecap
{quote} {image} The undershoot on cpi news didnt push it up even as far as ADR. Rejection at the trend line. That and fundamentals of rate cuts is why im short
lol, there not going to cut with 0.3 rise on the monthly , how can you not see thats hot
the last 2 readings were 0.6
thats 1.5% in the last Q
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,622
  • May 22, 2024 4:07am May 22, 2024 4:07am
[quote=axecap;14875474]
Quoting Jackoboms
{quote} I am short too. Going all way down to 1.265 Stop loss at 1.282 I don't see it going further up till month end. 1.265 might be tough today given the pips already travelled. Im looking at next few wekks for much lower. I think we have seen the high for the month
I also think so.

Looking at the Calendar till month, nothing really seem strong enough to break today's high. Unless something exceptional happens in the fundamentals.

If in NY session the bulls can't break that High, which I don't think they would, then we come down deep.

The highest we can go this month is 1.283 if at all. But we should be eyeing 1.26 from this area. I am short already. And if it goes against I am shorting more till 1.282 which I don't see it coming..
  • #826,623
  • May 22, 2024 4:20am May 22, 2024 4:20am
Quoting Bones
{quote} lol, there not going to cut with 0.3 rise on the monthly , how can you not see thats hot the last 2 readings were 0.6 thats 1.5% in the last Q
um....you looking at the wrong number...cpi is now 2.3 close to the goal of 2. It was 3.2...
rate cuts are assured .

Anyway...as I said markets will decide. Not you or I.
Its all just one persons opinion
  • #826,624
  • May 22, 2024 4:24am May 22, 2024 4:24am
Quoting Bones
{quote} lol, there not going to cut with 0.3 rise on the monthly , how can you not see thats hot the last 2 readings were 0.6 thats 1.5% in the last Q
Price already ate that shoot up, it's nothing but a wick now in D1
You have to have an IQ higher than 90 to interact with this user.
  • #826,625
  • May 22, 2024 4:25am May 22, 2024 4:25am
Might have seen the mornings highs already. Looking at NYO for any reaction or movement.
tomorrow we have a wide range of news and data.

I think the narrow miss of the forecast has helped the GU not shooting over 128. Seems the spike was due to the miss and the curtailed movement is due to the fact that there still is a chance of rate cuts by BoE in the summer.

we are not far from the overnight highs so might see a move back to the 12690-12710 area
Insane in the Brain..
  • #826,626
  • May 22, 2024 4:29am May 22, 2024 4:29am
Short delivered

Also got my third payout of the month yesterday
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#Stay blue. /swinger/scalper/
  • #826,627
  • May 22, 2024 4:31am May 22, 2024 4:31am
Price moves out, draws back. Moves out, draws back. Moves out, draws back. Moves out, draws back...
Over and over and over and over again...
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Emotional Control. Process, not outcome.
  • #826,628
  • May 22, 2024 4:32am May 22, 2024 4:32am
We are now back to within 10 pips of todays open price.....IF we get below before NY open...
I doubt they will take it back up.
Its all just one persons opinion
  • #826,629
  • May 22, 2024 4:32am May 22, 2024 4:32am
38 pip range. Lunch time.

Alex
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  • #826,630
  • May 22, 2024 4:33am May 22, 2024 4:33am
Quoting Konichiwhaat
Price moves out, draws back. Moves out, draws back. Moves out, draws back. Moves out, draws back... Over and over and over and over again... {image}


Inserted Video
You have to have an IQ higher than 90 to interact with this user.
  • #826,631
  • May 22, 2024 4:38am May 22, 2024 4:38am
Quoting Nordling
{quote} https://www.youtube.com/watch?v=lTHCwU9rUdY
Haha, nice
Emotional Control. Process, not outcome.
  • #826,632
  • May 22, 2024 4:39am May 22, 2024 4:39am
Quoting Ehminiz
Short delivered Also got my third payout of the month yesterday {image} {image} {image}
This is a perfect entry. Excellent patience
Emotional Control. Process, not outcome.
  • #826,633
  • May 22, 2024 4:42am May 22, 2024 4:42am
Quoting axecap
{quote} um....you looking at the wrong number...cpi is now 2.3 close to the goal of 2. It was 3.2... rate cuts are assured . Anyway...as I said markets will decide. Not you or I.
im looking at 1.5% in the last Q it has to go negative to stay at 2, if it goes under the 0.16% it can hold at 2 otherwise IT WILL go back up
why I like that release is its like a population pyramid data... you can't change it easy
if it were 0.3% next reading its still hot and the headline will still fall.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,634
  • May 22, 2024 4:43am May 22, 2024 4:43am
GU

A chance for pullback today?

https://postimg.cc/Q9j6z0LF
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  • #826,635
  • May 22, 2024 4:51am May 22, 2024 4:51am
Here is the interest rate near-term outlook, maybe its hold
if you look at those negative reads, they are inflationary as they drop out, and a lot of that embedded data is hot,
but the US is also running hot
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,636
  • May 22, 2024 4:55am May 22, 2024 4:55am
Quoting Yngwie
{quote} Sold 1.2745
Quoting Yngwie
{quote} add short 1.2752 SL 1.2772 TP 1.2710
closed Total 57p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,637
  • May 22, 2024 4:59am May 22, 2024 4:59am
Quoting Nordling
{quote} Price already ate that shoot up, it's nothing but a wick now in D1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,638
  • May 22, 2024 6:03am May 22, 2024 6:03am
funny cable

Inserted Video
  • #826,639
  • May 22, 2024 6:29am May 22, 2024 6:29am
Quoting ScalaFX
{quote} And next 2758, pendings 65,70,75,80
protecting best now, closing shity with some profit
People don't plan to lose. They lose because they don't plan.
  • #826,640
  • May 22, 2024 6:33am May 22, 2024 6:33am
Quoting Nordling
{quote} Price already ate that shoot up, it's nothing but a wick now in D1
Hoping for a shooting star on the daily (good reversal sign). Maybe a bearish butterfly in the mix for it with us being at the top of the H&S pattern right now. Could be wrong though.
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