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Cable Update (GBPUSD)

  • #832,161
  • Jul 12, 2024 10:29am Jul 12, 2024 10:29am
Quoting Zebi
{quote} why the complaining navk? i thot the trend was a friend LOL
One of my friend in Toronto said, " they " say trend is your friend.

But "they" do not teach how to " see " trend.

Intraday only.
  • #832,162
  • Jul 12, 2024 10:30am Jul 12, 2024 10:30am
Quoting F.g
{image} Daily --- Yes...Friday 14/7/2023.............
This is the exact price action of last year July 14... Which happened to be the highest price (1.3142) ... If today is to record the high for this year, this may crash price down to 1.18 year end.
Data + Stat + Risk/Emotions Management
  • #832,163
  • Jul 12, 2024 10:32am Jul 12, 2024 10:32am
Still some distance left to cover by the bulls...

I don't trade news but it does cause volatility.

Expectation is GBPUSD to head towards weekly resistance at green box.
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  • #832,164
  • Jul 12, 2024 10:35am Jul 12, 2024 10:35am
Jokes apart.

I see trend like this, entries like this

30 mins, 5 mins
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Intraday only.
  • #832,165
  • Jul 12, 2024 10:35am Jul 12, 2024 10:35am
Quoting Georginson
{quote} This is the exact price action of last year July 14... Which happened to be the highest price (1.3142) ... If today is to record the high for this year, this may crash price down to 1.18 year end.
i sold lot today 1.2988
im going to hold for weeks, untill i feel the swap are too much for me.
  • #832,166
  • Jul 12, 2024 10:36am Jul 12, 2024 10:36am
Quoting Zebi
{quote} is your country experiencing the same kind of euphoria we did after rejecting bush and mccain and electing Obama?...the whole world celebrated obamas victory back then LOL obama became a sellout during the banking crisis so lets hope starmer doesn't
no euphoria here, same old same old
Insane in the Brain..
  • #832,167
  • Jul 12, 2024 10:37am Jul 12, 2024 10:37am
Quoting Whale
{quote} i sold lot today 1.2988 im going to hold for weeks, untill i feel the swap are too much for me.
You may be in for a huge fortune as far as 1.3020 holds, you will easily get 1.20...
Data + Stat + Risk/Emotions Management
  • #832,168
  • Jul 12, 2024 10:44am Jul 12, 2024 10:44am
Quoting Georginson
{quote} You may be in for a huge fortune as far as 1.3020 holds, you will easily get 1.20...
1.2? Wow that would be amazing
Insane in the Brain..
  • #832,169
  • Jul 12, 2024 10:47am Jul 12, 2024 10:47am
Quoting BeeTogether
{quote} no euphoria here, same old same old

After only two weeks LOL

Left wing right wing same bird.

Beetogether I haven't much followed British politics but you were happy to see the back of the Tories, what did they do to get everyone offside?
There is a thing known as the 'political cycle' where the electorate just gets sick of the existing party and vote them out but with such a hammering the Tories must have pissed a lot of people off
Don't Leave Money on the Table
  • #832,170
  • Jul 12, 2024 10:51am Jul 12, 2024 10:51am
Quoting BeeTogether
{quote} 1.2? Wow that would be amazing
thats the plan.
lets see if price will let me grab some and and some all the way.
  • #832,171
  • Jul 12, 2024 10:51am Jul 12, 2024 10:51am
Quoting Georginson
{quote} You may be in for a huge fortune as far as 1.3020 holds, you will easily get 1.20...
so you re saying that all hell will break loose? )
what fundamentals coud trigger that?
  • #832,172
  • Jul 12, 2024 10:54am Jul 12, 2024 10:54am
Quoting Fishbones
{quote} so you re saying that all hell will break loose? ) what fundamentals coud trigger that?
Fundamental or technical, if you are good and lucky enough to spot the possible high of the year, just subtract 1100 pips from such high and you will get possible low price figure of the year.
Data + Stat + Risk/Emotions Management
  • #832,173
  • Jul 12, 2024 10:59am Jul 12, 2024 10:59am
Quoting Georginson
{quote} Fundamental or technical, if you are good and lucky enough to spot the possible high of the year, just subtract 1100 pips from such high and you will get possible low price figure of the year.

Over 3144 I would say the bear market has ended and were into a bull market, at that stage would take a lot to turn things around
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Don't Leave Money on the Table
  • #832,174
  • Jul 12, 2024 11:01am Jul 12, 2024 11:01am
Quoting HaLBot
{quote} After only two weeks LOL Left wing right wing same bird. Beetogether I haven't much followed British politics but you were happy to see the back of the Tories, what did they do to get everyone offside? There is a thing known as the 'political cycle' where the electorate just gets sick of the existing party and vote them out but with such a hammering the Tories must have pissed a lot of people off
14 years of screwing up, brexit, economy died a death, living costs through the roof, partying on during Covid restrictions, giving PPE orders to friends and families worth billions, NHS waiting lists over 18 months, raised taxes to highest levels, list goes on
Insane in the Brain..
  • #832,175
  • Jul 12, 2024 11:04am Jul 12, 2024 11:04am
Quoting BeeTogether
{quote} 14 years of screwing up, brexit, economy died a death, living costs through the roof, partying on during Covid restrictions, giving PPE orders to friends and families worth billions, NHS waiting lists over 18 months, raised taxes to highest levels, list goes on
same in Poland
People don't plan to lose. They lose because they don't plan.
  • #832,176
  • Edited 11:25am Jul 12, 2024 11:06am | Edited 11:25am
Quoting BeeTogether
{quote} 14 years of screwing up, brexit, economy died a death, living costs through the roof, partying on during Covid restrictions, giving PPE orders to friends and families worth billions, NHS waiting lists over 18 months, raised taxes to highest levels, list goes on
Not sure why you would want to stay in the Euro Union, those guys do not have Britains best interests at heart better off being your own country IMO

Britain became a powerhouse empire because they unshackled themselves from Catholicism which lead to an explosion of new ideas as well as not taking shit from the Europeans
Don't Leave Money on the Table
  • #832,177
  • Jul 12, 2024 11:15am Jul 12, 2024 11:15am
Quoting BeeTogether
{quote} 14 years of screwing up, brexit, economy died a death, living costs through the roof, partying on during Covid restrictions, giving PPE orders to friends and families worth billions, NHS waiting lists over 18 months, raised taxes to highest levels, list goes on

Remember the story of one minister who locked everyone up then travelling somewhere to go bang his GF......what a C*** LOL

Boris certainly had the gift of the gab but couldn't walk the talk
Don't Leave Money on the Table
  • #832,178
  • Jul 12, 2024 11:38am Jul 12, 2024 11:38am
Quoting Georginson
{quote} You may be in for a huge fortune as far as 1.3020 holds, you will easily get 1.20...
statistics aside it’s all about interest rates at the end. If USD interest rate cut will come GBP/USD will continue to rise. If they keep same rate it’s going to consolidate in some range. What was happening fundamentally at the same time last year with interest rates?
How to succeed in zero sum game?
  • #832,179
  • Jul 12, 2024 11:40am Jul 12, 2024 11:40am
Cable on an 8 pip whipsaw/range. Maybe the it's being manipulated for the moment , Iron Condor ?
  • #832,180
  • Jul 12, 2024 11:42am Jul 12, 2024 11:42am
Quoting Georginson
{quote} You may be in for a huge fortune as far as 1.3020 holds, you will easily get 1.20...
I would love a sell to start from last year high

I sold yesterday and closed at BE +1
MY OPINION NOT FINANCIAL ADVISE
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