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Cable Update (GBPUSD)

  • #831,542
  • Jul 7, 2024 1:47am Jul 7, 2024 1:47am
600 pips range so far this year and minimum January to July Range is 800 pips... this price can easily attack 1.3100 this July, similar to what happened last year July. Be very careful with going short... Price is now in a break out phase. Buys only except price moves below 1.2700.
Data + Stat + Risk/Emotions Management
  • #831,543
  • Edited 3:42am Jul 7, 2024 1:49am | Edited 3:42am
checking pa , crazy but very strong bull continuously exhibiting , now also , . anyway at a resistance around 2820 and support 2810 play at market open ! breaks and hold will follow now bull or correction if even a little ! no standard play may not sufficient correction till price actually settle any high and all depends upon USDX, do or die situation . subject to unexpected intervention at times ! take care

in weekly , though on strong supports , breakout up , but previous top still intact 2859/92, till breaks and hold no real good bull yet, ok breaks and hold then test 3026 +- , stlll not bull , only conformation 3141 bull will start for 3600 + for a last time then !
so any last leg up can be immediate towards 2859 /92/3026/3141 , any of then can fail to back to a standard price action , crazy lost fly to play on the ground !

usdx at a great risk of tanking but next weeks may to confirm the intention by closing 104.33 and 104.07 . they are supports also , so make w weekly doji of indecision to have bounce next week . anyway pressure strong down for 104 tl next!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831,544
  • Jul 7, 2024 2:11am Jul 7, 2024 2:11am
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IQ test
  • #831,545
  • Jul 7, 2024 2:12am Jul 7, 2024 2:12am
Quoting elude
{quote} Yes, the long-term outlook is still pointing to the downside. But that's a monthly chart even a hair-thin thickness move to the upper can kill a bear scalper
That was four days ago.
Frankly, it was an anticipation of saying "I told you so"
  • #831,546
  • Jul 7, 2024 2:19am Jul 7, 2024 2:19am
Quoting Georginson
600 pips range so far this year and minimum January to July Range is 800 pips... this price can easily attack 1.3100 this July, similar to what happened last year July. Be very careful with going short... Price is now in a break out phase. Buys only except price moves below 1.2700.

If the S&P again has a bullish month then Cable should follow
Don't Leave Money on the Table
  • #831,549
  • Jul 7, 2024 2:49am Jul 7, 2024 2:49am
Quoting birdland
Hidden

This is the 6 key promises of Starmer and although I'm against Labour governments due to their ties with marxists if he can keep these promises then the country will be in a better way.

• Economy: “Deliver economic stability with tough spending rules, so we can grow our economy and keep taxes, inflation and mortgages as low as possible.”
• Healthcare: “Cut NHS waiting times with 40,000 more appointments each week, during evenings and weekends, paid for by cracking down on tax avoidance and non-dom loopholes.”
• Borders: “Launch a new Border Security Command with hundreds of new specialist investigators and use counter-terror powers to smash the criminal boat gangs.”
• Energy: “Set up Great British Energy, a publicly owned clean power company, to cut bills for good and boost energy security, paid for by a windfall tax on oil and gas giants.”
• Crime: “Crack down on antisocial behaviour with more neighbourhood police paid for by ending wasteful contracts, tough new penalties for offenders, and a new network of youth hubs.”
•Education: “Recruit 6,500 new teachers in key subjects to prepare children for life, work and the future, paid for by ending tax breaks for private

What Starmer won't tell you is this will be done under the 'Woke' agenda with 'Woke' being a repackaging of communism. Communism is a failed ideology so if he pushes a woke agenda it's doomed to failure!
My opinion is paying down debt needs to be a top priority for all western governments!!
Don't Leave Money on the Table
  • #831,550
  • Jul 7, 2024 3:07am Jul 7, 2024 3:07am
Quoting HaLBot
{quote} This is the 6 key promises of Starmer and although I'm against Labour governments due to their ties with marxists if he can keep these promises then the country will be in a better way. • Economy: “Deliver economic stability with tough spending rules, so we can grow our economy and keep taxes, inflation and mortgages as low as possible.” • Healthcare: “Cut NHS waiting times with 40,000 more appointments each week, during evenings and weekends, paid for by cracking down on tax avoidance and non-dom loopholes.” • Borders: “Launch a new Border...
if he has the programme, then that sounds pretty good.

i can only agree 100% with your personal take on it. all this woke behaviour is getting on my nerves...

let's see who has the say in france from tomorrow
trading is like dancing, don't think and just listen to the music!
  • #831,552
  • Jul 7, 2024 3:26am Jul 7, 2024 3:26am
Quoting HaLBot
Hidden
i can agin only agree you,

here something to cry or laugh:


https://www.dailymail.co.uk/news/art...not-queer.html

is this reality in GB?

crazy...
trading is like dancing, don't think and just listen to the music!
  • #831,553
  • Jul 7, 2024 3:41am Jul 7, 2024 3:41am
Quoting birdland
{quote} i can agin only agree you, here something to cry or laugh: https://www.dailymail.co.uk/news/art...not-queer.html is this reality in GB? crazy...

Yep it is reality and very sick.....anyway that's all I'm saying as this is not the place for it.
Don't Leave Money on the Table
  • #831,554
  • Jul 7, 2024 3:55am Jul 7, 2024 3:55am
Quoting HaLBot
Hidden
Could well be Australia.
  • #831,555
  • Jul 7, 2024 9:19am Jul 7, 2024 9:19am
the shaven close makes me nervous, however, the whole set-up looks bullish to me
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #831,556
  • Edited 2:18pm Jul 7, 2024 9:43am | Edited 2:18pm
... Strongly bullish > 13 wk (1/4yr) awr Wkly, and Dly thrust candle closes on Friday. 7 consecutive bullish-bodied candle closes on my dly t/f now, with price @ last week's close challenging the wide dly/wkly part of the prev 4hr/dly/wkly sw hi zone = prev res = pot res that extends up to 2860. The descending wkly t/line that joins 4249~2860 comes thru on Monday's dly candle circa 2830. 1hr and 4hr are in 'general' uptrends and dly and wkly are rangy- currently bullish, the dly having seen a close above the last 2 x LH's on that t/f, (2702 and 2740,) after the HL @ 2615.

I wouldn't be surprised to see supply emerge anywhere from last week's hi, to 2860, then up to the current yrly hi of 2893, if tested. May get some reaction to french election results re €$, which may also affect this pairing, depending on the results.

Wkly, then Dly, below
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Trader with an Edge.
  • #831,557
  • Jul 7, 2024 9:59am Jul 7, 2024 9:59am
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MY OPINION NOT FINANCIAL ADVISE
  • #831,558
  • Edited 10:41am Jul 7, 2024 10:26am | Edited 10:41am
Quoting HaLBot
{quote} Yep it is reality and very sick.....anyway that's all I'm saying as this is not the place for it.

activetrader room on the financialchat server on irc


download a program called mirc to reach it
its an American trading room mainly of stocks and index futures and politics are tolerated and even encouraged after market hours and weekends ..you wont be banned unless you act very badly LOL

id love to debate you there

I'm over there now hal biding my time till the USA election LOL

majority are trumptards so you'll feel at home
short trump and go long the deepstate
  • #831,559
  • Jul 7, 2024 10:30am Jul 7, 2024 10:30am
ill short euro sometime today or monday shud le pen win

prolly drag down GU with it since moneymen dislike fascist regimes so they'll buy dollars
short trump and go long the deepstate
  • #831,560
  • Edited 10:43am Jul 7, 2024 10:32am | Edited 10:43am
Quoting Zebi
{quote} activetrader room on the financialchat server on irc download a program called mirc to reach it its an American trading room mainly of stocks and futures and politics are tolerated and even encouraged after market hours and weekends ..you wont be banned unless you act very badly LOL id love to debate you there I'm over there now hal biding my time till the election LOL majority are trumptards so you'll feel at home

there's even a neighbor of yours HAL from New Zealand that hangs out there

he's lib tho...takes all his vaxxes
short trump and go long the deepstate
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