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Cable Update (GBPUSD)

  • #826,741
  • May 23, 2024 2:55am May 23, 2024 2:55am
we can check out the USD index from 3 days old to date, and conclude this is a bearish situ
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,742
  • May 23, 2024 3:03am May 23, 2024 3:03am
Quoting Bones
{quote} Consolidation candle, we are talking about rates and probability that plummeted yesterday. Why? Because the reading was HOT and STICKY, only you have to read it on monthly data. The proof in the pudding is whether we will lower rates with a 0.3 reading which is way out of range next meeting...Bloomberg says no! Nordling says yes. I agree the election is another fly in the ointment but the news and probability plummet came first.
I don't deny the fact that headline was hot, however there were more things to look in the report.

"all goods, housing, clothing, alcohol, tobacco, furniture, restaurants & hotels lower than last month." There were many more negatives to it, these are just the ones that i remember from yesterday.

I mean we are talking about housing, clothing, food, leisure and hospitality. Central bankers will pay attention to these.

They are looking for a reason to be dovish anyways
You have to have an IQ higher than 90 to interact with this user.
  • #826,743
  • May 23, 2024 3:35am May 23, 2024 3:35am
Checking pa , bull remain very intact even yesterday turmoils , now I see eurusd also bullish , that is top failure not happen unlike gold did , top failed and bearish medium tedium term. So whatever caused usdx spikes up likely not effective , may to bite further as after shock. So good news or intervention possible today even ! .take care
So drawing the usdx manipulation those may ultimately augment great taking usdx. The same bottom test to bounce probable serious missed before yesterday bounce !! May not save the skin now perhaps! Wrong decision and wrong action may to suffer longer !!
https://www.forexfactory.com/thread/...8#post14877038
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #826,744
  • May 23, 2024 3:37am May 23, 2024 3:37am
core inflation was even worse, the only way to bring it down quickly is negative numbers cause that data is printed for a year
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #826,745
  • May 23, 2024 3:41am May 23, 2024 3:41am
Quoting axecap
{quote} It depends on the time frame you are looking at. if you look at the last 6 candles on the m15 chart what do you see? and then consider the data that came out during that period.

Hi axexcap

I usually don't trade timeframe lower than M30
My preferred timeframe is M30, H1, and H4. Yes I see good movement that can determine directions on M15. But without higher timeframe to join for confirmation, I cannot determine the bias for long term move.
With courage, patience, and discipline, success is a matter of time.
  • #826,746
  • May 23, 2024 4:04am May 23, 2024 4:04am
...London morning session just ended, and 1hr remains rangy after a 1st false Asian hi upside b/o, and then a 1st false Asian lo downside b/o.
Best trade opportunities so far today on lower t/f's - the immediate post-Uk data sell, and then the buy @ current dly lo in the prev 1hr sw lo zone = prev supp = pot supp, that extends down to y/day's lo.

U.s data later.

1hr below
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Trader with an Edge.
  • #826,747
  • May 23, 2024 4:14am May 23, 2024 4:14am
Joinin the bear outlook for beers this thursday, resistance line @ 1.2735ish sell entry at 1.27277 sl 16pips tp 32pips
Keep the Lights on then you can catch the rise from the dark.
  • #826,748
  • May 23, 2024 4:54am May 23, 2024 4:54am
The market is bullish, in long at 1.2737 target 1.2764
Don't trade what you think. Just what you see!!!
  • #826,749
  • May 23, 2024 5:04am May 23, 2024 5:04am
GU looks bullish.
USD looks to be coming down off resistance.
Short matter of time before both TL's go
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Compulsions can be hard to resist
  • #826,750
  • May 23, 2024 5:07am May 23, 2024 5:07am
Idk it looks like a trap move incoming on H4 waiting for shorts via BOS
be a thinker before being a reacter
  • #826,751
  • May 23, 2024 5:14am May 23, 2024 5:14am
Quoting ricmaj
Joinin the bear outlook for beers this thursday, resistance line @ 1.2735ish sell entry at 1.27277 sl 16pips tp 32pips
No beer today sideline for next critical decision
Keep the Lights on then you can catch the rise from the dark.
  • #826,752
  • May 23, 2024 5:21am May 23, 2024 5:21am
Quoting Sammih
long GJ, will add longs in marked area {image}
played out beautifully +150 pips
I'm high on trading, cant you tell?
  • #826,753
  • May 23, 2024 5:37am May 23, 2024 5:37am
There's nothing that catches eye in the US unemployment claims report, insured unemployment is same with the last week as well. It won't hurt GU or EU.

Eyes on US PMIs next hour
You have to have an IQ higher than 90 to interact with this user.
  • #826,754
  • May 23, 2024 5:47am May 23, 2024 5:47am
Short at 1.27332. 17 pip sl and 45 pip tp
be a thinker before being a reacter
  • #826,755
  • May 23, 2024 5:48am May 23, 2024 5:48am
Quoting birdland
long? short? i dont care;-) {image}
Yes, i knew, both long and short opportunities available today in this pair.

I was only shorting spikes today.

I missed the opportunity to long when it dipped. ( it was my sleeping time )

So for so good.
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Intraday only.
  • #826,756
  • May 23, 2024 6:03am May 23, 2024 6:03am
Price did not confirm break of the fresh circled 4H high

I’m expecting lower movement
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be a thinker before being a reacter
  • #826,757
  • May 23, 2024 6:05am May 23, 2024 6:05am
Quoting trumps
GU looks bullish. USD looks to be coming down off resistance. Short matter of time before both TL's go {image} {image} {image}
Digging down to the USD 4hr.
It could be nothing, who knows.
Off to bed
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Compulsions can be hard to resist
  • #826,758
  • May 23, 2024 6:07am May 23, 2024 6:07am
Gu long
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My telegram: https://t.me/avidforex
  • #826,759
  • May 23, 2024 6:21am May 23, 2024 6:21am
Quoting navk
{quote} Yes, i knew, both long and short opportunities available today in this pair. I was only shorting spikes today. I missed the opportunity to long when it dipped. ( it was my sleeping time ) So for so good. {image}
dont worry, i miss a lot during going out for a coffee or lunch;-)

for me part of the job.
trading is like dancing, don't think and just listen to the music!
  • #826,760
  • May 23, 2024 6:25am May 23, 2024 6:25am
Quoting boodvah
Price did not confirm break of the fresh circled 4H high I’m expecting lower movement {image}
extended sl due to incoming news
be a thinker before being a reacter
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