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Cable Update (GBPUSD)

  • #831,921
  • Jul 11, 2024 4:08am Jul 11, 2024 4:08am
Quoting knkie
{quote} you are letting your trades ride during cpi ?
100% i am sticking with them, PA has not been clearer in past 1 year, clear change of character… bullish structure… dxy has not looked weak like this in past 1 yr, open daily chart of dxy

1.3250 will be the new HH, dont see a drop below 1.2770 in coming days


i am seeing lot of traders getting crushed with sell, loose that sell at high mindset, u can look fr buys as well, how can u sell even after looking at gbpusd chart

MARK MY WORDS— exit sell positions now, market is trapping you, saying this with my 27 years of trading.experience…1.2950 to 1.2986 on cards today… save your prop firm accounts & hard earned real money… acc to me there wud not be even a 10 pip drop at data, even a drop below 1.2850 looks difficult
  • #831,922
  • Jul 11, 2024 4:15am Jul 11, 2024 4:15am
Quoting SabkaBaap
{quote} 100% i am sticking with them, PA has not been clearer in past 1 year, clear change of character… bullish structure… dxy has not looked weak like this in past 1 yr, open daily chart of dxy 1.3250 will be the new HH, dont see a drop below 1.2770 in coming days i am seeing lot of traders getting crushed with sell, loose that sell at high mindset, u can look fr buys as well, how can u sell even after looking at gbpusd chart
Yeah i dont get the sells either.
But i wont risk trades during cpi, its hit me in th past.

Im gonna exit this last buy of mine somewhere between 2880-2890.

Good luck to you ! Hope it works out.
in wondering about yourself, you forgot what you came here to be part of
  • #831,923
  • Jul 11, 2024 4:23am Jul 11, 2024 4:23am
Sold 1.2878 SL 1.2908
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #831,924
  • Jul 11, 2024 4:25am Jul 11, 2024 4:25am
cpi will drop that cable like its hot
  • #831,925
  • Jul 11, 2024 4:30am Jul 11, 2024 4:30am
Quoting lakayorex.21
cpi will drop that cable like its hot
"a smaller-than-forecast increase in the monthly core CPI, a reading of 0.1% or smaller, could confirm a (FED sic) policy pivot in September.
In this scenario, the US Dollar could come under selling pressure with the immediate reaction."

https://www.fxstreet.com/news/us-cor...e-202407110300
in wondering about yourself, you forgot what you came here to be part of
  • #831,926
  • Jul 11, 2024 4:32am Jul 11, 2024 4:32am
Quoting Fardeen1209
{quote} He also said the inflation does not need to come to this 2% exactly before start cutting. But the path down must be sustainable. So i bet if we go in the range of 2.7-2.5% and stay there for at least a quarter, we will see rate cutting on the table. Markets price in are like prostitute, they change clients probability eveyday.
It is possible. It would depend on employment data and which side of the election you are on, more likely before the election than after.
My expectations are at least 2.5 % CPI for at least a quarter before we see a cut. I believe that Powell and the FED are beginning to see how big a problem the US debt and spending are especially with the US trying to start WW3 with Russia and China!
Saudi threatening to divest itself of debt if countries start seizing Russian assets is an interesting twist as well that could ripple through all currencies!
  • #831,927
  • Jul 11, 2024 4:36am Jul 11, 2024 4:36am
Quoting lakayorex.21
cpi will drop that cable like its hot
knowledge or will?
  • #831,928
  • Jul 11, 2024 4:38am Jul 11, 2024 4:38am
Im ready, 20 pip SLs
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  • #831,929
  • Jul 11, 2024 4:40am Jul 11, 2024 4:40am
Quoting eyefeelsix
{quote} waves within waves, in short-term trading if the market chooses to go south first: {image}

test short for -7p risk

Attached Image (click to enlarge)
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https://breakpullback.com
  • #831,930
  • Jul 11, 2024 4:41am Jul 11, 2024 4:41am
Quoting yngwie
sold 1.2878 sl 1.2908
( -_•)▄︻デ══━一
More time in the market, does not mean you trade better!
  • #831,931
  • Jul 11, 2024 4:43am Jul 11, 2024 4:43am
Quoting knkie
{quote} "a smaller-than-forecast increase in the monthly core CPI, a reading of 0.1% or smaller, could confirm a (FED sic) policy pivot in September. In this scenario, the US Dollar could come under selling pressure with the immediate reaction." https://www.fxstreet.com/news/us-cor...e-202407110300
fair enough but have added a short for that inducement move tighter sl
  • #831,932
  • Jul 11, 2024 4:45am Jul 11, 2024 4:45am
Im all out, closed my buys.
Enough for now.
Cya tomorrow.
in wondering about yourself, you forgot what you came here to be part of
  • #831,933
  • Jul 11, 2024 4:49am Jul 11, 2024 4:49am
BANK consensus
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More time in the market, does not mean you trade better!
  • #831,934
  • Jul 11, 2024 5:35am Jul 11, 2024 5:35am
Quoting Fardeen1209
{quote} This 15mins supply {image} Setup same as yours given 9hrs ago {quote} P/S, I'm position myself for CPI tomorrow. Hoping it is above expected If it unfolds as expected, tomorrow itself will be Friday for me
Gold revised,
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Sometimes hard to see the fractals, as counting is very subjective especially in the ranging market.
Irregular patterns reigned.
Based on Mr coreg chart, i revised up with my EW counting, since he is the one that taught me to count the EW from his chart(more experience one).

When placing fib for wave instead of swing, the minimum price level for end of wave 4 already meet and exceeded, while minimum time not yet met. We have seen this divergence many time, as we know price is king.
Reduing risks from shorts, as price to close from entry price, the moment price hit FVG inversion on news release, i'll join buy.

Another weakness noted from My EW count, especially when dealing with irregular pattern and ranging, since my EW count is based on the assumption that the correction will take the simple ABC.
More time in the market, does not mean you trade better!
  • #831,935
  • Jul 11, 2024 5:43am Jul 11, 2024 5:43am
Quoting Fardeen1209
{quote} Gold revised, {image} Sometimes hard to see the fractals, as counting is very subjective especially in the ranging market. Irregular patterns reigned. Based on Mr coreg chart, i revised up with my EW counting, since he is the one that taught me to count the EW from his chart(more experience one). When placing fib for wave instead of swing, the minimum price level for end of wave 4 already meet and exceeded, while minimum time not yet met. We have seen this divergence many time, as we know price is king. Reduing risks from shorts, as price...
still above 2400 first then 2300 or below
People don't plan to lose. They lose because they don't plan.
  • #831,936
  • Jul 11, 2024 5:50am Jul 11, 2024 5:50am
Quoting ScalaFX
{quote} still above 2400 first then 2300 or below
Many economists expecting CPI will be lower than last month headline.
So even if it comes in line with this month forecast, Inflation component showed disinflation. Assets will surely rise on the weaking readings.
i expected end of CPI close will be around 2412 if reading comes in weak.

If hotter, depending how much it deviates. Not expecting it will be huge, since avg earnings fell on NFp.
May take the form of doji (both side spike) then up again.

Third scenario, hotter with surprise, sh*t will fall. The moment the $$$ become big enough, i'm out
More time in the market, does not mean you trade better!
  • #831,937
  • Jul 11, 2024 5:53am Jul 11, 2024 5:53am
Price is going to another world.
In my system, if I miss one entry, difficult to get another entry.
And these days, trending heavily
Intraday only.
  • #831,938
  • Jul 11, 2024 5:53am Jul 11, 2024 5:53am
Quoting Fardeen1209
{quote} ( -_•)▄︻デ══━一
any update of gold count.. im waiting to pull my trigger again todayz
  • #831,939
  • Jul 11, 2024 5:59am Jul 11, 2024 5:59am
Pound is going up as if UK is on top of the world, more than USA.
And pound is going up as if new govt is going to wonders to UK.
Lol
Traders sentiment
Intraday only.
  • #831,940
  • Jul 11, 2024 6:04am Jul 11, 2024 6:04am
Quoting Whale
{quote} any update of gold count.. im waiting to pull my trigger again todayz
I just gave one. I revised my counting based on mr coreg chart. Now sh*t looks like it will go up
More time in the market, does not mean you trade better!
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