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Cable Update (GBPUSD)

  • #832,541
  • Jul 17, 2024 1:03am Jul 17, 2024 1:03am
The move after data is good. Not too much volatility can give me a good setup after news release rather than a giant spike.
With courage, patience, and discipline, success is a matter of time.
  • #832,542
  • Edited 1:19am Jul 17, 2024 1:08am | Edited 1:19am
Just open to see price jump over a previous high! Till D top intact bull not in control yet ,signal 2972 and 55 may retest before decision , may extreme crazy run now though ! So watching signals and d top! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,543
  • Jul 17, 2024 1:12am Jul 17, 2024 1:12am
With inflation at a steady the rate cut next month could happen. God knows us mortgage holders need one!
Insane in the Brain..
  • #832,544
  • Jul 17, 2024 1:15am Jul 17, 2024 1:15am
Quoting BeeTogether
With inflation at a steady the rate cut next month could happen. God knows us mortgage holders need one!

Direct translation of mortgage is 'death grip'
Don't Leave Money on the Table
  • #832,545
  • Jul 17, 2024 1:17am Jul 17, 2024 1:17am
This is Gold, CNN reporter being photobombed
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Don't Leave Money on the Table
  • #832,546
  • Jul 17, 2024 1:19am Jul 17, 2024 1:19am
Quoting HaLBot
This is Gold, CNN reporter being photobombed {image}
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  • #832,547
  • Jul 17, 2024 1:24am Jul 17, 2024 1:24am
Quoting BeeTogether
With inflation at a steady the rate cut next month could happen. God knows us mortgage holders need one!
It's time to cut rate otherwise, all UK people probably will be homeless
With courage, patience, and discipline, success is a matter of time.
  • #832,548
  • Jul 17, 2024 1:28am Jul 17, 2024 1:28am
Quoting JameRomeo168
{quote} It's time to cut rate otherwise, all UK people probably will be homeless
thing is once the rollercoaster of repossession start it could be a really slippery slope
Insane in the Brain..
  • #832,549
  • Edited 1:55am Jul 17, 2024 1:34am | Edited 1:55am
Quoting BeeTogether
With inflation at a steady the rate cut next month could happen. God knows us mortgage holders need one!
Having current inflation , they should not need that high fed rate perhaps , so artificially pumped to dump to try avoid a hard landing , still must a landing coming soon ! Rate zero to minus with inflation little up 4 plus should not harm enough perhaps . While global inflation rate standing 4.8 in 2024
And exchange rate still not great change thereafter as all follow rate cut one after the other !!
Let's see what happen !

If so then supporting usdx on 7/2023 and 12/24 was unnecessary to just delay 1 yr to 1.5 yrs as result should be same with all maneuver !
Usdx should further fall this to test breaks 103.46 , to next week or even this week to 102.84 ! May Continue without interruption! And others continue bull unconditionally or without much correction !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,550
  • Jul 17, 2024 1:35am Jul 17, 2024 1:35am
Looks like we finally get the push to 1.3000 and beyond as traders seem to like the numbers just out, could be wrong
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Don't Leave Money on the Table
  • #832,551
  • Jul 17, 2024 1:47am Jul 17, 2024 1:47am
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yes yes yes
  • #832,552
  • Jul 17, 2024 1:48am Jul 17, 2024 1:48am
Quoting fahadzaman66
After 1 hour CPI y/y news Is coming so what do you think guys what are expectations?
Post news trading. I hope this helps. I only use very old school price action methods. No need to guess or predict. No need to care or even have an opinion... ever.

45 mins work. Happy to answer questions
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Emotional Control. Process, not outcome.
  • #832,553
  • Jul 17, 2024 2:17am Jul 17, 2024 2:17am
sold double GU 2995
People don't plan to lose. They lose because they don't plan.
  • #832,554
  • Jul 17, 2024 2:34am Jul 17, 2024 2:34am
130 will happen however how much further will it go, the data although green was actually same as last month which indicates inflation seems to be stabilising. Maybe a day of two halves up and then down ?
Insane in the Brain..
  • #832,555
  • Jul 17, 2024 2:39am Jul 17, 2024 2:39am
Quoting ScalaFX
sold double GU 2995
add 3010
People don't plan to lose. They lose because they don't plan.
  • #832,556
  • Edited 3:06am Jul 17, 2024 2:54am | Edited 3:06am
Quoting BeeTogether
130 will happen however how much further will it go, the data although green was actually same as last month which indicates inflation seems to be stabilising. Maybe a day of two halves up and then down ?
Looking for easy breaks 3143 and next undone limit up for down 3169 also. Above 3011 should fast up !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,557
  • Jul 17, 2024 2:58am Jul 17, 2024 2:58am
Quoting Georginson
{quote} Closed at break even.. no enough sellers. I will sell at 1.3020 area for 100 pips.
i think 1.3040-1.3050 is the next selling zone.
  • #832,558
  • Jul 17, 2024 3:16am Jul 17, 2024 3:16am
UJ
Buy setup
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Uj and 78.6% Fib retracement have a good relationship.
Often the fib level acts as support/resistance.
More time in the market, does not mean you trade better!
  • #832,559
  • Jul 17, 2024 3:18am Jul 17, 2024 3:18am
G/M, a bullish hammer close on dly y/day...another consecutive bullish-bodied close in this climb up. Today so far slightly higher Uk inflation #'s see a 1st upside b/o of asian hi, then y/day hi - both b/o's remaining true so far. You can see on the wkly chart below where price has reached - a (once disrespected as pot sbr)prev sw lo zone = prev res = pot sbr that runs up to circa 3030.

Wkly below
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Trader with an Edge.
  • #832,560
  • Jul 17, 2024 3:19am Jul 17, 2024 3:19am
Sold 1.3016 SL 1.3046
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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