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Cable Update (GBPUSD)

  • #838,521
  • Sep 18, 2024 5:44am Sep 18, 2024 5:44am
Quoting SabkaBaap
one of my friend who works with investment bank in US is saying FED will be in a surprise mode today…75 bps rate cut talks are being discussed… he says lot of big banks hv statred making bearish positions in USDX, he expects gbpusd to be 1.36 levels in 24 hrs from now lets see…added one more long at 1.3218
Bloody hell!!! I doubt 75bps. The Fed won't surprise people like that, especially this fed under Powell. But 50bps is a possibility and even that can cause chaos. I guess BoE is tomorrow? Hmm... 3600 is possible. Lol...

If I was sure I'd put in £1m with 2000 leverage with 200 pips TP and just retire to the Caribbeans.
  • #838,522
  • Sep 18, 2024 5:54am Sep 18, 2024 5:54am
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yes yes yes
  • #838,523
  • Sep 18, 2024 5:54am Sep 18, 2024 5:54am
I hate waiting to sell on a Wednesday and price dumps on Tuesday. Whenever this happens it usually means a Wednesday rise. Secondly, looking at the image below maybe sellers are in for a big, big trouble. Thirdly, my broker sees a EURGBP sell, which means Pound will get stronger.

As an intelligent human being, I have put things together and I am no longer confident with shorts. Good enough I banked good profits yesterday.
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  • #838,524
  • Sep 18, 2024 5:58am Sep 18, 2024 5:58am
Quoting Mitiblotch
I hate waiting to sell on a Wednesday and price dumps on Tuesday. Whenever this happens it usually means a Wednesday rise. Secondly, looking at the image below maybe sellers are in for a big, big trouble. Thirdly, my broker sees a EURGBP sell, which means Pound will get stronger. As an intelligent human being, I have put things together and I am no longer confident with shorts. Good enough I banked good profits yesterday. {image}

Having said this, I have decided to stick out my neck and buy here at 3216.
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  • #838,525
  • Sep 18, 2024 6:01am Sep 18, 2024 6:01am
Quoting Mitiblotch
I hate waiting to sell on a Wednesday and price dumps on Tuesday. Whenever this happens it usually means a Wednesday rise. Secondly, looking at the image below maybe sellers are in for a big, big trouble. Thirdly, my broker sees a EURGBP sell, which means Pound will get stronger. As an intelligent human being, I have put things together and I am no longer confident with shorts. Good enough I banked good profits yesterday. {image}
wise as usual.

We don’t know how the market will act after the news, we do know what it want right now base of PA
  • #838,526
  • Sep 18, 2024 6:01am Sep 18, 2024 6:01am
Quoting Mitiblotch
I hate waiting to sell on a Wednesday and price dumps on Tuesday. Whenever this happens it usually means a Wednesday rise. Secondly, looking at the image below maybe sellers are in for a big, big trouble. Thirdly, my broker sees a EURGBP sell, which means Pound will get stronger. As an intelligent human being, I have put things together and I am no longer confident with shorts. Good enough I banked good profits yesterday. {image}

simple strategy, just keep adding longs GU on every 5 pips pull back… atleast 200 pips u will get in next 12 hours…Technical & fundamentals both are in sync

Going by the snapshot u shared, only idiots will dare to short at this moment, suprised to see 72% ppl are idiots
  • #838,527
  • Sep 18, 2024 6:05am Sep 18, 2024 6:05am
Quoting SabkaBaap
{quote} simple strategy, just keep adding longs GU on every 5 pips pull back… atleast 200 pips u will get in next 12 hours…Technical & fundamentals both are in sync Going by the snapshot u shared, only idiots will dare to short at this moment, suprised to see 72% ppl are idiots

Probably influenced by a lot of traders saying sell sell sell seeing as cable being perceived as hitting a top, they will be right eventually and they could be right in a few hours if the fed doesn't cut rate by 50bps.
Don't Leave Money on the Table
  • #838,528
  • Sep 18, 2024 6:16am Sep 18, 2024 6:16am
Quoting Mitiblotch
{quote} Having said this, I have decided to stick out my neck and buy here at 3216. {image}
brother don’t you think GBPUSD is at a strong resistance and buying maybe not a good idea?
  • #838,529
  • Sep 18, 2024 6:18am Sep 18, 2024 6:18am
Quoting rehmatkhan00
{quote} brother don’t you think GBPUSD is at a strong resistance and buying maybe not a good idea?
Yes, that's why I called it "sticking my neck out". Maybe they'll chop it off
  • #838,530
  • Sep 18, 2024 6:20am Sep 18, 2024 6:20am
Quoting Mitiblotch
{quote} Yes, that's why I called it "sticking my neck out". Maybe they'll chop it off
ok brother then
  • #838,531
  • Sep 18, 2024 6:24am Sep 18, 2024 6:24am
Some losses Friday, that is trading , day off monday, back to work, some ongoing trades 13.5 k net so far
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Follow The Markets Structure - Patience and Discipline
  • #838,532
  • Sep 18, 2024 6:40am Sep 18, 2024 6:40am
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yes yes yes
  • #838,533
  • Sep 18, 2024 6:43am Sep 18, 2024 6:43am
Quoting SabkaBaap
{quote} just joking anna….. I respect you more than my respect for allu arjun
I gave you buy signal yesterday, you are enjoying it.

Intraday only.
  • #838,534
  • Sep 18, 2024 6:48am Sep 18, 2024 6:48am
We might seen the sessions high. Now a bit of consolidation until the data starts to drip
Insane in the Brain..
  • #838,535
  • Sep 18, 2024 6:49am Sep 18, 2024 6:49am
I start feeling shorting GBPUSD is not good idea right now.

Market dropped yesterday and reverse back immediately today. This is not good sign of bear

Anyway, I'm waiting the more clues on NY sessions. Now too cloud to judge.
With courage, patience, and discipline, success is a matter of time.
  • #838,536
  • Sep 18, 2024 6:55am Sep 18, 2024 6:55am
Quoting stocktrader2
{quote} can you provide us this indicator?
stocktrader, you would have to ask Leon (Wavegarrick) b/c it's his chart. I use 34 Exp.M.Avg on the daily chart in trending markets.
Always trade your own plan...I don't provide trading signals.
  • #838,537
  • Sep 18, 2024 6:59am Sep 18, 2024 6:59am
Quoting Mitiblotch
{quote} Having said this, I have decided to stick out my neck and buy here at 3216. {image}
1.32875 will be a good point to buy thinking of risk management.
Market Structure is the King.....
  • #838,538
  • Sep 18, 2024 7:00am Sep 18, 2024 7:00am
Quoting Abeylyn
{quote} 1.32875 will be a good point to buy thinking of risk management.
I mean 1.31875.....
Market Structure is the King.....
  • #838,539
  • Sep 18, 2024 7:12am Sep 18, 2024 7:12am
Quoting navk
{quote} I gave you buy signal yesterday, you are enjoying it.
you are my vijay sethupati… respect
  • #838,540
  • Edited 7:47am Sep 18, 2024 7:14am | Edited 7:47am
Quoting bucko23
{quote} We continue .. classic Cable price action - Im aligned with fontu but ultimate target though this week 1.2940 region. Good luck bears {image}
Waking up to horrible move up during London for no reason. Manipulation 101 I feel ... but who knows .. news leak may be reasons suggested by Mitiblotch- Still feel 1.2940 is target this week though. Good luck all.
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