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Cable Update (GBPUSD)

  • #838,481
  • Sep 18, 2024 2:16am Sep 18, 2024 2:16am
60/40 split in favour 50bps

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Its all just one persons opinion
  • #838,482
  • Sep 18, 2024 2:17am Sep 18, 2024 2:17am
H1 && H4 breakout
Waiting for either M30 or H1 pullback bar to go long
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in wondering about yourself, you forgot what you came here to be part of
  • #838,483
  • Sep 18, 2024 2:19am Sep 18, 2024 2:19am
Quoting knkie
H1 && H4 breakout Waiting for either M30 or H1 pullback bar to go long {image}
Hi, good lower t/f plays on the Uk data release, the chart below amongst them, ie we already had the 15min upside 'BOS' and p/back, then bullish engulf close trigger for another entry on 2nd upside b/o.

15min below
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Trader with an Edge.
  • #838,484
  • Sep 18, 2024 2:22am Sep 18, 2024 2:22am
Quoting knkie
{quote} I know a guy who was a true believer when BTC just came out. He bought 1000 at 1$ and sold everything when that first big wave occurred at 20k.
I remember the week it happened, my classmate from university bought at 265$ i don’t remember how many BTC and sold @20,000$

and you know what I bough? Ripple XRP.. shit !
  • #838,485
  • Sep 18, 2024 2:23am Sep 18, 2024 2:23am
25bps would likely to happen than the 50 one

So GU gonna be downtrend for awhile if Fed cut only 0.25% rate? Nobody knows.

But whatever the results it is, today is gonna be the volatility injection day. Thursday and Friday would provide a good setup
With courage, patience, and discipline, success is a matter of time.
  • #838,486
  • Sep 18, 2024 2:24am Sep 18, 2024 2:24am
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yes yes yes
  • #838,487
  • Sep 18, 2024 2:24am Sep 18, 2024 2:24am
Quoting Headland
{quote} Hi, good lower t/f plays on the Uk data release, the chart below amongst them, ie we already had the 15min upside 'BOS' and p/back, then bullish engulf close trigger for another entry on 2nd upside b/o. 15min below {image}
Excellent, this confirms my setup.
Lower Frames working up through to the higher frames.
Just hope the 15 min pullback will repeat on a higher frame as well.
It usually does.

Thanx Headland !
in wondering about yourself, you forgot what you came here to be part of
  • #838,488
  • Sep 18, 2024 2:29am Sep 18, 2024 2:29am
Quoting Mitiblotch
{quote} Bank 4 lots on each account at 3159 and leave 1 lot running on each account. It was originally 5 lots per account. {image}
Close the remaining shorts here at 3190 with small profit. I will wait perhaps get a better entry.
  • #838,489
  • Sep 18, 2024 2:29am Sep 18, 2024 2:29am
Quoting Whale
{quote} I remember the week it happened, my classmate from university bought at 265$ i don’t remember how many BTC and sold @20,000$ and you know what I bough? Ripple XRP.. shit !
haha well i remember when he bought at 1$ and i was laughing at him.
I could not believe it would have any value.
I still think its tulip-mania but i really missed out on an opportunity.

He didnt buy it as an investment, he really believed in the whole idea of an alternative currency free from govt influence.
Not sure thats still the case.
So he actually became a multimillionaire by accident haha
in wondering about yourself, you forgot what you came here to be part of
  • #838,490
  • Sep 18, 2024 2:31am Sep 18, 2024 2:31am
Quoting knkie
{quote} haha well i remember when he bought at 1$ and i was laughing at him. I could not believe it would have any value. I still think its tulip-mania but i really missed out on an opportunity. He didnt buy it as an investment, he really believed in the whole idea of an alternative currency free from govt influence. Not sure thats still the case. So he actually became a multimillionaire by accident haha
I respectfully disagree. It wasn't an accident. He believed, planned, and executed it.
  • #838,491
  • Sep 18, 2024 2:36am Sep 18, 2024 2:36am
Quoting Whale
{quote} I remember the week it happened, my classmate from university bought at 265$ i don’t remember how many BTC and sold @20,000$ and you know what I bough? Ripple XRP.. shit !

Gary Gensler the unpolished turd did a lot of damage to the price of XRP
Don't Leave Money on the Table
  • #838,492
  • Sep 18, 2024 2:36am Sep 18, 2024 2:36am
the drop is coming
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yes yes yes
  • #838,493
  • Sep 18, 2024 2:37am Sep 18, 2024 2:37am
Quoting Mitiblotch
{quote} I respectfully disagree. It wasn't an accident. He believed, planned, and executed it.
well yes, but not with the intention of making a profit.
He never thought it would shoot up as it did.
He just believed in the new block-chain technology.
He's kind of an anarchist to be honest, its funny that hes so rich now.
in wondering about yourself, you forgot what you came here to be part of
  • #838,494
  • Sep 18, 2024 2:42am Sep 18, 2024 2:42am
...whatever happens re the Fomc later, I just hope it causes gbpusd to go down so I don't have to re-plot all my fibs and become my charts' bitch again, lol! I am assuming others' might have better reasons? Seriously though, I don't care as will be going into flat.
Trader with an Edge.
  • #838,495
  • Sep 18, 2024 2:54am Sep 18, 2024 2:54am
Quoting Headland
...whatever happens re the Fomc later, I just hope it causes gbpusd to go down so I don't have to re-plot all my fibs and become my charts' bitch again, lol! I am assuming others' might have better reasons? Seriously though, I don't care as will be going into flat.
wouldn't any base-rate cut weaken the dollar and thus push cable upward?
in wondering about yourself, you forgot what you came here to be part of
  • #838,496
  • Sep 18, 2024 2:57am Sep 18, 2024 2:57am
Quoting Headland
...whatever happens re the Fomc later, I just hope it causes gbpusd to go down so I don't have to re-plot all my fibs and become my charts' bitch again, lol! I am assuming others' might have better reasons? Seriously though, I don't care as will be going into flat.
Headland not sure if your still doing this but I adopted your strategy of using the one minute chart and waiting until the 3rd minute to buy or sell the news. Works well by the 3rd minute the spread has shrunk back to normal
Don't Leave Money on the Table
  • #838,497
  • Sep 18, 2024 3:05am Sep 18, 2024 3:05am
Quoting knkie
{quote} wouldn't any base-rate cut weaken the dollar and thus push cable upward?
the rate cut has been promised/confirmed for some time now. The market already expects it so dollar price reflects at least the 25bps, in the last week expectation has grown for 50bps. So my view is 25bps will actually be good for the dollar, 50 will be bad but maybe not too bad given the expectation already out there. there is zero chance of no cut
Its all just one persons opinion
  • #838,498
  • Sep 18, 2024 3:06am Sep 18, 2024 3:06am
Quoting knkie
{quote} wouldn't any base-rate cut weaken the dollar and thus push cable upward?
Hi, you would think so but with the majority of the market apparently betting on a bigger than -0.25% cut, is only that it could disappoint? As always, trade what we see not what we think, if we get involved on that data.

Quoting HaLBot
{quote} Headland not sure if your still doing this but I adopted your strategy of using the one minute chart and waiting until the 3rd minute to buy or sell the news. Works well by the 3rd minute the spread has shrunk back to normal
Hi. Glad that is working for you but it's not mine! My favoured news/data release tactics/plays (spreads and market reaction allowing,) that I've discussed here many times, are:

a. Get involved in any strong momentum on close of 1st 1min candle.
b. Sell/buy the 1st hi/lo p/back respectively
c. Buy/sell the 1st p/back lo/hi respectively.
Trader with an Edge.
  • #838,499
  • Sep 18, 2024 3:22am Sep 18, 2024 3:22am
So here we are FOMC day … so the simple view is 0.25% cut could take us back towards 131-130 a 0.5% cut should take us up to 133-134

and right now we are 132 slap bang in the middle
Insane in the Brain..
  • #838,500
  • Sep 18, 2024 3:26am Sep 18, 2024 3:26am
Quoting axecap
{quote} the rate cut has been promised/confirmed for some time now. The market already expects it so dollar price reflects at least the 25bps, in the last week expectation has grown for 50bps. So my view is 25bps will actually be good for the dollar, 50 will be bad but maybe not too bad given the expectation already out there. there is zero chance of no cut
that makes sense
thanx
in wondering about yourself, you forgot what you came here to be part of
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