Cable Update (GBPUSD)

Quoting Zebi

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{quote} iron...i didnt play this very well or smart...i knew the fed was announcing so i should have waited till afterwards to add longs instead of before in the morning but have to take my system signals {quote} we're so past hikes or cuts now...price shud return to where it was at the announcemt by friday or at latest sunday nite everything revolves around tariffs and the tax cuts...i said few days ago im building a position off daily chart so if price closes tmoro above 3307 off daily chart ill be sittin golden...

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Quoting Georginson

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{quote} I see a bounce from 1.3145 to 1.3350 (that's 200 pip possible bounce), Then a sharp drop from 1.3350 to 1.2890 (that's a potential 460 pips drop)

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Quoting Zebi

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{quote} price returned to that fed announcement level friday and is way higher today unless ur a scalper or a 15 min chart trader fed rate decisions mean jack shit in the bigger scheme of things since the economy bein ruined by humptys tariffs so even tho i was right in my analysis i still lost money by bein stopped out by scalpers crazy exuberance so thats why u shud discount anyones charts and analysis who doesnt post their trades from time to time cause they fakers,posers and charlatans more worried about appearing right since analyzing...

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Quoting Georginson

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{quote} This means traders actually need analysts that will give them none emotional view and forecast of the market. Just like a football team will still need a Coach/Manager that will read the game for the players without bias.

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Quoting ChiForex

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GU looking forward to finally attack the weekly resistance at 1.3350s-60s, who wanna sell the EU can match that price to where the EU will reach at that time, also remember my advice about the EURO/GBP. Generally, both pairs are looking to base on medium term downtrend, EU looking at ~1.1420 first support on the way..while GU has 1.3190s..eventually we'll surely reach to these levels. Shorts but at my said levels is a more guarantee than longs, though a long at crucial support levels can get you good amount of pips up to 100..but you'll not be trading...

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Quoting ChiForex

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GU moved smoothly to the expected weekly resistance 1.3350s, a little more push might occur before BOE to just below 1.3380 While the clown EU jumped more than expected on news that FED might cut rates sooner than expected. Ok, let's go to the facts that FED rates are already more than double the ECB rates so how in hell is it so bad for the mighty $ if FED cut not 0.25% but even 0.50% still it will be double the rate of the Euro A retracement all the way downward is expected on the weekly candle. Let's see where this daily candle will close...

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Quoting Georginson

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{quote} This means traders actually need analysts that will give them none emotional view and forecast of the market. Just like a football team will still need a Coach/Manager that will read the game for the players without bias.

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Quoting johncen

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{quote} yes true but the problem is market only cares about sentiment. mayb when we finally see a rate cut then market sentiment will shift to something else

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Quoting Zebi

Disliked

{quote} price returned to that fed announcement level friday and is way higher today unless ur a scalper or a 15 min chart trader fed rate decisions mean jack shit in the bigger scheme of things since the economy bein ruined by humptys tariffs so even tho i was right in my analysis i still lost money by bein stopped out by scalpers crazy exuberance so thats why u shud discount anyones charts and analysis who doesnt post their trades from time to time cause they fakers,posers and charlatans more worried about appearing right since analyzing...

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Quoting ChiForex

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{quote} Don't worry, higher price means for me adding another good short

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