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Why is GBPUSD called cable? 76 replies

Cable Update - Continued 102 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Cable Update (GBP/USD) without Idiots 23 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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Sell GU here at 1.3088
Quoting JameRomeo168
Tomorrow I still search for long opportunity. Looks like bull don't want to stop very soon.
You better sell to 1.29
Quoting navk
{quote} ok. But this vertical move is too much to handle. As you see in this thread too many stalwarts failed
failed those who risked too much

FED'S POWELL: MUUUUUUU, MUUUUUUU
MORE OF FED'S POWELL: MEEEEEEE, MEEEEEEE

CNBC: USD surges amid hawkish speech of JayPeePee

FXStreet: GBP/USD trades lower after bulls failed to break 1.3120 resistance we mentioned two and a half years ago or didn't mention at all (always very useful for traders who do not use the charts or do not trade at all )

CNN: USD continues it's gains due to new fears of a recession because of the weaker than expected job market numbers

ABCDEFG: USD rallies even after a decision from the Fed to cut rates by 25bps due to a higher inflation forecast
That was really heavy... almost 1.3120 after first struggles at 1.3096. I'm fine and made a nice profit but only due to knowledge. There was no sign of weakness until they hit the sell button. I have some left from 1.3096 and above, let it ride down hopefully to at least 1.3060's.

I don't like that kind of behaviour of the market. It seems like there is only one big player or biggies at least all in sync. That is typically summer time trading with great exagerations. It is easy to trade if you know how and you have to know when it is summer time (well, that's not that hard ). I kind of struggle with that time. May be next year it goes better. Today was fine but could have been better. Too early, too soon I jumped in... in summer time.
Quoting Pat Chiko
{quote} GU Mixed result. Giving it another go for SHORT (maybe this time got lick) {image}
you are always on the winning side...
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
Insane in the Brain..
Quoting BeeTogether
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
Yes!
People don't plan to lose. They lose because they don't plan.
Okay trying for the EU short now stop loss above that high
Master your mind. Master Trading.
Quoting BeeTogether
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
0.25% cut will be delivered in September. 0.50% cut will have to priced out completely by September and aggressive market expectations of future rate cuts.
I think a far more interesting question than if the price will reach 1.30 is if the price will break the resistance it clearly couldn't break today. Then, 1.30 is coming and a sequence of other numbers after it 1.29, 1.28, 1.27...

If I'm right about this resistance and the big money just went into USD, then I expect abysmal numbers for the UK tomorrow.
If that happens, then it's probably the best strategy to keep adding shorts on every decent retracement.

USD/JPY just recovered 80 pips from the low today during the time when there shouldn't be any volatility in the market.
That's telling a lot if you ask me...
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Quoting Jackoboms
{quote} You better sell to 1.29
Can’t see a 200 pip drop just yet. There is plenty of fuel left for 13150 although that may be next week, it will need liquidity first
Insane in the Brain..
Quoting genadi
{quote} failed those who risked too much
I mean analysis failed.
Not the money loss
Intraday only.
Quoting TheHunting
{quote} it's going up as expected
Yes, as I said, DXY going down as expected also.

Note: Below the 2024 open, so the Year candle is now forming a huge Pin Bar IF continues lower, be warned, USD will cut rates is the WHY.

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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.1%
Quoting BeeTogether
{quote} Can’t see a 200 pip drop just yet. There is plenty of fuel left for 13150 although that may be next week, it will need liquidity first
You told they need liquidity when price was 100 pips lower. They did not get liquidity and climbed. And now they still need liquidity.
Quoting eyefeelsix
{quote} bounce after the fifth underground myNext plan for Cable {image}

asian sessions, current-short -11p risk for +5R

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Real Time --- t.me/FXGoldWatch
It means the traders take small liquidity for bigger move..
Lol
Intraday only.
Checking pa as top ranging , huge high impact news today and volatiles may increase on both sides though not plotted yet , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Moty
{image}
ty mister goldi
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