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Cable Update (GBPUSD)

  • #829,881
  • Jun 18, 2024 9:06pm Jun 18, 2024 9:06pm
goin to bed...closed for 75 simoleons
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short trump and go long the deepstate
  • #829,882
  • Jun 18, 2024 9:42pm Jun 18, 2024 9:42pm
Quoting Zebi
goin to bed...closed for 75 simoleons {image}
What pair and time frame is this?
Can't find those prices corresponding to candles on my chart.
  • #829,883
  • Jun 18, 2024 10:14pm Jun 18, 2024 10:14pm
Quoting Whale
Sell with tiny risk for the end of the day {image}
not moving, close to cover the swap.
  • #829,884
  • Edited 10:46pm Jun 18, 2024 10:35pm | Edited 10:46pm
Dump I spoke about on last post should happen on CPI.

Below fri/mon/Tues low. Not recommended to trade as we can do short term fake outs up.

Don't try to catch it w/ buys.

1.2650 will overshoot and we can go to 1.2620, 1.26, or even slightly below that.

Buys after should be done with extreme caution and not catching a falling knife.

1.2612-18 CME price is my preferred buy area.

Edit-if we do get some fake out up, then CME price 2746-49 (singleprint) looks good. But, it may just fully dump.
  • #829,885
  • Jun 18, 2024 11:05pm Jun 18, 2024 11:05pm
Inflation drops to target level.. BoE will be interesting. All depends on MPC vote count now. Not sure of the spike up unless that is a fake bull as the data is poor enough to increase votes to have a rate cut. I can’t see a cut this side of the election as it would feed into the propaganda for the election
Insane in the Brain..
  • #829,886
  • Jun 18, 2024 11:12pm Jun 18, 2024 11:12pm
Quoting footprint
Dump I spoke about on last post should happen on CPI. Below fri/mon/Tues low. Not recommended to trade as we can do short term fake outs up. Don't try to catch it w/ buys. 1.2650 will overshoot and we can go to 1.2620, 1.26, or even slightly below that. Buys after should be done with extreme caution and not catching a falling knife. 1.2612-18 CME price is my preferred buy area. Edit-if we do get some fake out up, then CME price 2746-49 (singleprint) looks good. But, it may just fully dump.
London open could break the high and go to around 2646-49 CME price

After that, I think it would make a good sell to below this week's lows.
  • #829,887
  • Jun 18, 2024 11:14pm Jun 18, 2024 11:14pm
Quoting BeeTogether
Inflation drops to target level.. BoE will be interesting. All depends on MPC vote count now. Not sure of the spike up unless that is a fake bull as the data is poor enough to increase votes to have a rate cut. I can’t see a cut this side of the election as it would feed into the propaganda for the election
Hi...Boe have already announced (early in the election campaign) that they will not act during the campaign, for the reason you say, but yeh, the vote might be interesting.
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G/M, 2 bullish days consecutively now and so far today mildly bullish after a UK Cpi etc data inspired 1st upside b/o of the asian hi and (false) Y/day hi, to a new current dly hi.. Asian lo is presently the current dly lo.

1hr below
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Trader with an Edge.
  • #829,888
  • Jun 18, 2024 11:19pm Jun 18, 2024 11:19pm
Finally for the first time in three years, UK's inflation has dropped to 2%.
With courage, patience, and discipline, success is a matter of time.
  • #829,889
  • Jun 18, 2024 11:20pm Jun 18, 2024 11:20pm
Quoting Headland
{quote} Hi...Boe have already announced (early in the election campaign) that they will not act during the campaign, for the reason you say, but yeh, the vote might be interesting. ---------------------------------------------------------------------------------- G/M, 2 bullish days consecutively now and so far today mildly bullish after a UK Cpi etc data inspired 1st upside b/o of the asian hi and (false) Y/day hi, to a new current dly hi.. Asian lo is presently the current dly lo. 1hr below {image}
the vote will be the mover. Even then I have a feeling it will be curtailed as having thr majority voting for a cut will only add fuel to the fire for next month after the election. This could also be a non moving event..
Insane in the Brain..
  • #829,890
  • Jun 18, 2024 11:21pm Jun 18, 2024 11:21pm
Quoting BeeTogether
Inflation drops to target level.. BoE will be interesting. All depends on MPC vote count now. Not sure of the spike up unless that is a fake bull as the data is poor enough to increase votes to have a rate cut. I can’t see a cut this side of the election as it would feed into the propaganda for the election
There has been a number of anomalies in recent times. You'd see GU and EU become negatively correlated. Even worse, Recently, I have seen USDCHF become positively correlated to GU lol. So, I careless about what's happening and just focus on TA and PA.

Anyway, based on my TA, I see some bullish wave that is yet to complete.
Cheers
  • #829,891
  • Jun 18, 2024 11:25pm Jun 18, 2024 11:25pm
...there is some bearish hidden div on 4hr building, not quite there yet for me - but may develop fully on any further move up, and may be valid so long as price below 2707. Of course no real dly downtrend though as yet.

4hr below
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Trader with an Edge.
  • #829,892
  • Jun 18, 2024 11:38pm Jun 18, 2024 11:38pm
Quoting ScalaFX
85,83,80 active adding 2670, pending 2665, lets see bulls can make it up
partials taken, protected and holding probably 2755
People don't plan to lose. They lose because they don't plan.
  • #829,893
  • Jun 18, 2024 11:40pm Jun 18, 2024 11:40pm
..re data...one of those cases of 'trade what you see - not you think,' so far @ least. Dly R1 reached.

1hr below
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Trader with an Edge.
  • #829,894
  • Jun 18, 2024 11:40pm Jun 18, 2024 11:40pm
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yes yes yes
  • #829,895
  • Jun 18, 2024 11:44pm Jun 18, 2024 11:44pm
after this data London can make 1.28
People don't plan to lose. They lose because they don't plan.
  • #829,896
  • Jun 18, 2024 11:47pm Jun 18, 2024 11:47pm
No US data today, this could be a long day us bears
Insane in the Brain..
  • #829,897
  • Jun 18, 2024 11:49pm Jun 18, 2024 11:49pm
Right area to sell 1.2807, till then bulls

in long- 1.2725
sl- 1.2695

tp-1.2805
  • #829,898
  • Jun 18, 2024 11:52pm Jun 18, 2024 11:52pm
Quoting BeeTogether
No US data today, this could be a long day us bears
EU fallin GU up, interesting
People don't plan to lose. They lose because they don't plan.
  • #829,899
  • Jun 18, 2024 11:55pm Jun 18, 2024 11:55pm
Quoting ScalaFX
{quote}EU fallin GU up, interesting

One of the ANOMALIES I was talking about
  • #829,900
  • Jun 18, 2024 11:56pm Jun 18, 2024 11:56pm
Quoting ScalaFX
{quote}EU fallin GU up, interesting
not sure why the GBP is strong. The data shows inflation is low and rate cuts will happen this year maybe more than once too.
Insane in the Brain..
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