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Cable Update (GBPUSD)

  • #833,861
  • Jul 31, 2024 11:29am Jul 31, 2024 11:29am
Quoting BeeTogether
{quote} the conference in a bit needs to be hawkish for that
Tomorrow is BoE, right? I don't think today's FOMC will break legs. BoE tomorrow might.
  • #833,862
  • Jul 31, 2024 11:31am Jul 31, 2024 11:31am
for 24 pips
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yes yes yes
  • #833,863
  • Jul 31, 2024 11:35am Jul 31, 2024 11:35am
above 2856 GU will not look back.... and i could not enter into trade shit..... may be i dnt have faith in wht i analyze... and its happening in front of my eyes wht i tho8 so
there is ABCDE correction ended for now.. tripple bottom, and 1 hr long wick candle plus dovish dollar.. what else is needed to get into a trade?
  • #833,864
  • Jul 31, 2024 11:42am Jul 31, 2024 11:42am
If we don’t have a rate cut tomorrow it will depend on the MPC votes that make up will be the fuel for the move up. More in favour for a cut will mean a limited move up. Then opens the door for NFP on Friday to make a difference
Insane in the Brain..
  • #833,865
  • Jul 31, 2024 11:46am Jul 31, 2024 11:46am
the price very unlikely to break monday low 2806.

Prople were screaming for price below 2800.

That is the issue
Intraday only.
  • #833,866
  • Jul 31, 2024 11:53am Jul 31, 2024 11:53am
Quoting Moty
for 24 pips {image}
ty
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yes yes yes
  • #833,867
  • Jul 31, 2024 11:53am Jul 31, 2024 11:53am
From a professional point of view I know that the price will continue to go up and down, down and up...
  • #833,868
  • Jul 31, 2024 11:54am Jul 31, 2024 11:54am
Quoting Waveskierrob
From a professional point of view I know that the price will continue to go up and down, down and up...
Insane in the Brain..
  • #833,869
  • Jul 31, 2024 11:56am Jul 31, 2024 11:56am
Quoting navk
the price very unlikely to break monday low 2806. Prople were screaning for price below 2800. That is the issue
whilst BoE is already priced in then it will be the technicals. 128 could break support tomorrow all depends on BoE
Insane in the Brain..
  • #833,870
  • Jul 31, 2024 12:01pm Jul 31, 2024 12:01pm
Quoting BeeTogether
{quote} whilst BoE is already priced in then it will be the technicals. 128 could break support tomorrow all depends on BoE
let us not assume
Intraday only.
  • #833,871
  • Jul 31, 2024 12:07pm Jul 31, 2024 12:07pm
Quoting navk
{quote} let us not assume
not assuming buddy but a rate cut which is expected will drop GU maybe not as much as before but 30-50 without a problem. Have a look at the ING forecasts and its implications that was posted I think Monday or yesterday
Insane in the Brain..
  • #833,872
  • Jul 31, 2024 12:13pm Jul 31, 2024 12:13pm
Quoting tiborf71
{quote} don't let yourself be influenced, just keep drinking, because I see that many people here still believe in the few-line strategies. They think it's that simple. good luck man.
Thanks Tibor,
Yeah, you hit it on the nail. Unfortunately, many noobs and strong opinions. I have been around the block so many times and I have seen strong characters here and in other forums, fold, and crawl. The market does what it does. Be humble and let your edge do the talking and stay away from boasting. Stick to basics but be prepared to get it wrong and if you do take it on the chin,
No need to feel embarrassed because every trader goes through that. I see Moty, lambasted for his losing streaks, but he is one of the few here that puts it as it is and believe me I see him turn into a hero as soon as he gets it right. Why, because he is authentic and represents the majority here.
Sorry if I went off-topic,
Cheers
Trade to trade another day
  • #833,873
  • Jul 31, 2024 12:19pm Jul 31, 2024 12:19pm
Quoting BeeTogether
{quote} not assuming buddy but a rate cut which is expected will drop GU maybe not as much as before but 30-50 without a problem. Have a look at the ING forecasts and its implications that was posted I think Monday or yesterday
No rate cuts tomorrow from my perspective.
  • #833,874
  • Jul 31, 2024 12:40pm Jul 31, 2024 12:40pm
Quoting Waveskierrob
From a professional point of view I know that the price will continue to go up and down, down and up...
Waveskie, you hit it on the nail
Always trade your own plan...I don't provide trading signals.
  • #833,875
  • Jul 31, 2024 12:57pm Jul 31, 2024 12:57pm
another 32 pips
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yes yes yes
  • #833,876
  • Jul 31, 2024 12:58pm Jul 31, 2024 12:58pm
Quoting Fardeen1209
{quote} Aint you, the one that said using bloomberg or refinitiv eikon for order flow in gold thread? I guess if you are using it, i dont need to answer your question. You already have the answer there, in the terminal.
Whats with the hostility? I wanted to understand where you got that kind of information.
How to succeed in zero sum game?
  • #833,877
  • Jul 31, 2024 1:00pm Jul 31, 2024 1:00pm
Quoting Coreg2004
{quote} Waveskie, you hit it on the nail
Yea I've been around the block seen many noobs fail, folks here hitting the nail others missing it completely, I've love it when a plan comes together then posted and taken my TE off when things are not so good, been best friends with Twee, I'm only here to help others and post my winning charts, ps if anybody wants to subscribe to me I will subscribe back then we can be buddies ....
  • #833,878
  • Jul 31, 2024 1:04pm Jul 31, 2024 1:04pm
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Hourly. Long as shown.

  • #833,879
  • Jul 31, 2024 1:06pm Jul 31, 2024 1:06pm
Quoting BeeTogether
{quote} not assuming buddy but a rate cut which is expected will drop GU maybe not as much as before but 30-50 without a problem. Have a look at the ING forecasts and its implications that was posted I think Monday or yesterday
beware, last few days price is holding firmly above 2810.
And most in this thread screaming price below 2800.
Once there is no ratecut as expected, the price again took support at 2829 and bounced 45 pips.
I gave up what i made and finally ending up with 5 dollars profit.
Tomorrow is another day.
I am not going to trade for tomorrow now it self
Intraday only.
  • #833,880
  • Jul 31, 2024 2:11pm Jul 31, 2024 2:11pm
Quoting Waveskierrob
From a professional point of view I know that the price will continue to go up and down, down and up...
JEM
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