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Cable Update (GBPUSD)

  • #829,901
  • Edited 2:14am Jun 19, 2024 1:58am | Edited 2:14am
watching and waiting for eurusd as good signal for breaking 0727/19 and 09 as just restart bear , to finish the existing swing and may extend down and if so gu may very fast fall next . take care
usdx in strong bull now , a fast camel action up possible , but still may to correct down before restart !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #829,902
  • Jun 19, 2024 1:58am Jun 19, 2024 1:58am
Quoting BeeTogether
{quote} 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.
let em go to trigger sell limits and then follow
chaos is just unknown order
  • #829,903
  • Jun 19, 2024 2:05am Jun 19, 2024 2:05am
come on mister goldi
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yes yes yes
  • #829,904
  • Jun 19, 2024 2:08am Jun 19, 2024 2:08am
it's NOT on target it is double target,
how do you know they can hold the cpi at 2% is at least half that read,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #829,905
  • Jun 19, 2024 2:09am Jun 19, 2024 2:09am
Quoting BeeTogether
{quote} 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.
Same here, I just dont get it. All data meet estimates, inflation reaches BOE target and BOE is ready to cut... But GBP is rising thanks to the cross with EUR. I think market just wants to sell higher)
  • #829,906
  • Jun 19, 2024 2:10am Jun 19, 2024 2:10am
Quoting Luxyus
{quote} let em go to trigger sell limits and then follow
1.2734 is due for a retest and should give some resistance.
Its all just one persons opinion
  • #829,907
  • Jun 19, 2024 2:10am Jun 19, 2024 2:10am
Quoting magistr91
{изображение}
all according to plan
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t.me/mrt141184
  • #829,908
  • Jun 19, 2024 2:13am Jun 19, 2024 2:13am
call me a cynic on how that data fell, it's not going to help Robo
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  • #829,909
  • Jun 19, 2024 2:21am Jun 19, 2024 2:21am
Quoting axecap
{quote} 1.2734 is due for a retest and should give some resistance.
yep
furthermore we r talking about yearly open..

Quoting Marbas
{quote} Same here, I just dont get it. All data meet estimates, inflation reaches BOE target and BOE is ready to cut... But GBP is rising thanks to the cross with EUR. I think market just wants to sell higher)
British Pound Gains Slightly After Inflation Figures
United Kingdom Currency
The British pound edged slightly up to $1.27 on Wednesday, after inflation in the UK fell back to the central bank's 2% target in May as expected. Core inflation also eased to 3.5% from 3.9%, in line with forecasts, and services inflation was down to 5.7% from 5.9%. Despite this, the Bank of England recently said that inflation hitting the target alone won't prompt interest rate cuts. The Bank of England is expected to keep the key bank rate at a 16-year high of 5.25% when it decides on monetary policy tomorrow, but most economists see two rate cuts this year, with the first probably in August. On the political front, recent polls show Labour leading for the upcoming July 4th election, with Prime Minister Rishi Sunak's Conservative Party in second place.
32 minutes ago
chaos is just unknown order
  • #829,910
  • Jun 19, 2024 2:30am Jun 19, 2024 2:30am
...price reached bottom of a prev minor 1hr sw lo zone = prev supp = pot sbr / 50% fib before any supply really came in - on the post Uk data rise above asian hi & y/day's hi.

1hr below
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Trader with an Edge.
  • #829,911
  • Jun 19, 2024 2:34am Jun 19, 2024 2:34am
[quote=Luxyus;14905470]{quote} yep furthermore we r talking about yearly open.. {quote}
correct!
Its all just one persons opinion
  • #829,912
  • Jun 19, 2024 2:47am Jun 19, 2024 2:47am
...50% of last wk's hi - last wk's lo (2860-2658) move is @ 2758/59. Wkly Pivot is @/around 2735.

4hr below
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Trader with an Edge.
  • #829,913
  • Jun 19, 2024 3:01am Jun 19, 2024 3:01am
'W' pattern on Euro 5 minute chart, does it mean anything


It is a bullish signal but on the 5 minute chart does it matter??
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Don't Leave Money on the Table
  • #829,914
  • Jun 19, 2024 3:07am Jun 19, 2024 3:07am
Quoting HaLBot
'W' pattern on Euro 5 minute chart, does it mean anything {image}
W's are generally understood to be bullish, but what the actual probability is on that t/f, and on that instrument, over any given large documented historical and representative sample size I have no idea, ie whether an edge is actually present trading them on that instrument and t/f.
Trader with an Edge.
  • #829,915
  • Jun 19, 2024 3:09am Jun 19, 2024 3:09am
Quoting Headland
{quote} W's are generally understood to be bullish, but what the actual probability is on that t/f, and on that instrument, over any given large documented historical sample size I have no idea, ie whether an edge is actually present trading them on that instrument and t/f.

I was just about to say that

Cheers Headland


I'm trading the right hand leg of the 'W' pattern
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Don't Leave Money on the Table
  • #829,916
  • Jun 19, 2024 3:16am Jun 19, 2024 3:16am
Close all and leave one. Will hold till we reach final destination.
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  • #829,917
  • Jun 19, 2024 3:22am Jun 19, 2024 3:22am
Quoting HaLBot
{quote} I was just about to say that Cheers Headland I'm trading the right hand leg of the 'W' pattern {image} {image}
AAh, you are adding to a winner, which is better than trading a pattern based on just anecdotal/obervational evidence, and where you don't know the stats you should know to trade it, as we touched on above. Good luck with the trade.
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.... a fairly 'laboured' move back up after the p/back off current dly hi re 5min bullish hidden div @ the prev 1hr sw hi zone/23.6% fib of last wk's lo - current dly hi move.

1hr below
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Trader with an Edge.
  • #829,918
  • Jun 19, 2024 3:31am Jun 19, 2024 3:31am
Quoting Bones
call me a cynic on how that data fell, it's not going to help Robo {image}

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  • #829,919
  • Jun 19, 2024 3:36am Jun 19, 2024 3:36am
Quoting Bones
{quote} {image}

Always hard to stomach a billionaire as your prime minister, what the fuck would he known about the struggles of everyday people??
Here in Australia a few years back Malcolm Turnball was our prime minister with a wealth of a hundred million aussies. Merchant banker before he joined politics
Don't Leave Money on the Table
  • #829,920
  • Jun 19, 2024 3:42am Jun 19, 2024 3:42am
Quoting HaLBot
{quote} Always hard to stomach a billionaire as your prime minister, what the fuck would he known about the struggles of everyday people?? Here in Australia a few years back Malcolm Turnball was our prime minister with a wealth of a hundred million aussies. Merchant banker before he joined politics
The money is a problem, but the reason there's nothing he can do is the level of betrayal from the landslide 2019 win
On-site guru & also FF member's' psychiatrist, when not drinking tea
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