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Cable Update (GBPUSD)

  • #830,061
  • Jun 20, 2024 6:24am Jun 20, 2024 6:24am
Quoting Whale
{quote} for weeks..
Poor Unemployment Claims last hope for today
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #830,062
  • Jun 20, 2024 6:25am Jun 20, 2024 6:25am
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yes yes yes
  • #830,063
  • Jun 20, 2024 6:37am Jun 20, 2024 6:37am
Inflation dropped to target
But BOE doesn't cut rate

Looks like BOE want inflation to drop lower than target so they can print more money to combat current economic impact.

2% is not real target so let's go to 0.5% lol
With courage, patience, and discipline, success is a matter of time.
  • #830,064
  • Jun 20, 2024 6:45am Jun 20, 2024 6:45am
Quoting JameRomeo168
Inflation dropped to target But BOE doesn't cut rate Looks like BOE want inflation to drop lower than target so they can print more money to combat current economic impact. 2% is not real target so let's go to 0.5% lol
The first lesson to know is that 2% is a bullshit made-up number however you look at it. What you want is 0% inflation.
If they say it's 2% it's probably 4% to most people.

The second thing is it's going up in the next two reads as long as the current trend continues, most likely close to 3% with a very high probability,
then you have a labour government coming in while wages run at 6% to feed through.
The weekly does look bearish but I think it's something else, like the election.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #830,065
  • Jun 20, 2024 6:54am Jun 20, 2024 6:54am
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yes yes yes
  • #830,066
  • Jun 20, 2024 7:01am Jun 20, 2024 7:01am
the BoE have to see what next because the data favours backup
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #830,067
  • Jun 20, 2024 7:03am Jun 20, 2024 7:03am
Quoting pipfarm
{quote} Still have not taken an entry, might give up on this one the pattern is too complex.

Looks like i was right with the first analysis for the short, these patterns take so long to develop the boredom can do things to your mind especially as is was a 4h correction abc , the H1 abc corrections are obviously much faster to complete etc

Never mind the GBPCAD ( i know i did not post it ) but that short played out with the H4 abc a bit easier to see
Follow The Markets Structure - Patience and Discipline
  • #830,068
  • Jun 20, 2024 7:03am Jun 20, 2024 7:03am
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Short as shown with SL at BE......

  • #830,069
  • Jun 20, 2024 7:05am Jun 20, 2024 7:05am
Quoting Yngwie
{quote} Poor Unemployment Claims last hope for today
sellers around yesterday high or 1.28..
im waiting.
no short as long 4h not closing below 1.266
  • #830,070
  • Jun 20, 2024 7:16am Jun 20, 2024 7:16am
Daily S2 is decent support so far. Poor US data will no doubt take us back up
Insane in the Brain..
  • #830,071
  • Jun 20, 2024 7:19am Jun 20, 2024 7:19am
Quoting ScalaFX
{quote} adding 2685, 2690, 2695 buy
i am waiting for 1.2600
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MY OPINION NOT FINANCIAL ADVISE
  • #830,072
  • Jun 20, 2024 7:22am Jun 20, 2024 7:22am
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E. and BP 5' --- Took my prfts here NOW as shown...............

  • #830,073
  • Jun 20, 2024 7:24am Jun 20, 2024 7:24am
Quoting Zebi
went short 2724 off hourly will close before go to bed {image}
Quoting Zebi
{quote} looking good so far but its got to speed up cause I'm going to bed in about 2 hours so mite have to close before it hits my tp {image}
Quoting Zebi
{quote} closed the trade and made 56 dollars...don't have time to waste with the japs and aussies picking their noses sitting in front of their monitors...no wonder the yens so screwed up the whole of japan just goes thru life sleepwalking LOL I may stop screwing with the asian session alltogether cause those losers never move prices off to bed
oh well...at least I made a little on the short since had to sleep...have I said how much I hate asia LOL
short trump and go long the deepstate
  • #830,074
  • Jun 20, 2024 7:25am Jun 20, 2024 7:25am
Quoting donfriday
{quote} i am waiting for 1.2600 {image}
mate i have been waiting for that area for the last few weeks lol
Insane in the Brain..
  • #830,075
  • Jun 20, 2024 7:31am Jun 20, 2024 7:31am
Quoting BeeTogether
{quote} mate i have been waiting for that area for the last few weeks lol

same here

trading is a waiting game
MY OPINION NOT FINANCIAL ADVISE
  • #830,076
  • Jun 20, 2024 7:32am Jun 20, 2024 7:32am
Unemployment data seems to be a miss.. back to days opening/daily pivot
Insane in the Brain..
  • #830,077
  • Jun 20, 2024 7:32am Jun 20, 2024 7:32am
1.2680 for 1.2780?
  • #830,078
  • Jun 20, 2024 7:39am Jun 20, 2024 7:39am
well...i got a short signal on last hourly candle but didn't take a short cause we're too close to tuesdays lows but will short up hier if bounces more cause we shud be testing last fridays lows tmoro or next week
short trump and go long the deepstate
  • #830,079
  • Jun 20, 2024 7:40am Jun 20, 2024 7:40am
Quoting BeeTogether
Unemployment data seems to be a miss.. back to days opening/daily pivot

Possibly but US 10yr bond yields are up probably putting a drag on upside momentum
Don't Leave Money on the Table
  • #830,080
  • Jun 20, 2024 7:41am Jun 20, 2024 7:41am
Quoting BeeTogether
{quote} mate i have been waiting for that area for the last few weeks lol


from forex.com datafeed on trading view

we suppose to hit 1.26 last week because 2 weeks ago closed pin bar...but on FXCM it was not comfirmed
MY OPINION NOT FINANCIAL ADVISE
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