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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

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

Boom! Need a move up now
Quoting Purple
Short XAUUSD, TP open. {image}
closed at market, short from 1878.19, closed 1873.49
Quoting Erto
{quote} what are you expecting from this hawkishness or Dovishness? Cause according to Powell deflation has already started
I expect Williams to follow up on what Powell said.
Expecting hawkishness, how will the market react? No clue.

Don't expect anything new. More rate hikes will be appropriate etc..
I expect to hear however, that Fed will be watching over that CPI data which will come out next Week and that that data will play a part in Fed's decision in the future.

Expect to hear something along the lines: have this data continues to come out better then was forecasted, we will definitely have to raise rates even higher.

*This could cause a sudden move down on GBP/USD. Market didn't expect further rate hikes (beyond 5.25%) and the news that Fed might go to 5.50% or even 5.75% could cause some sudden moves.

HOWEVER, hahah.. there are many more data that needs to come out before the decision in March.

Also, while inflation is still high in other parts of the world, situation seems to get better somewhat due to China's reopening. Now, what will play the bigger part now? Reduced chance of a global recession or Fed raising rates even more?

You can give a case that China's reopening could lead to bigger correction in the short-term which could boost non safe-haven currencies up against those which are safe-haven like USD.

As the Fed, we will go one by one. As said, Weekly is the chart I'm most focused on at the moment.
Quoting Purple
Short XAUUSD, TP open. {image}
I expect a buy until around 1884.XX before the actual sell will happen.
Quoting Wavegarrick
{quote} Hi Ferna, I wouldn't get carried away by definitions and so forth. Hedging is a word used by brokers and traders. If you buy with 1 lot and price turns on you and you sell with the same lot you have effectively closed your trade at a loss. Catch22 is correct in saying, why don't you just close the buy trade at a loss? I personally don't hedge like this and prefer to close my trade at a loss. We are all different and some traders prefer to hedge and wait until the dust settles and they can make an informed decision to get out of their loss....
Hi Wavegarrick, the entire concept of hedging was born in the futures market with the primary objective to offset "future" risk. The way it's being applied to the Forex Market does not i.m.o qualify as hedging. Companies like Apple, who's core manufacturing operations reside offshore applies currency hedging quite differently to what's being explained here, but as you say, best to get off the topic.

Cheers
Guy
GBPUSD today, H1 larger degree trend is H4 larger degree swing and minor trend down.

We have a correction on H4 so assume we will see further downside , how do we determine when the correction has finished and the downside will continue?
Follow The Markets Structure - Patience and Discipline
[citação=Wavegarrick;14318421] {citação} Oi Ferna, eu não me deixaria levar por definições e assim por diante. Hedging é uma palavra usada por corretores e traders. Se você comprar com 1 lote e o preço virar sobre você e você vender com o mesmo lote, você efetivamente fechou sua negociação com prejuízo. Catch22 está correto em dizer, por que você não fecha a negociação de compra com prejuízo? Eu, pessoalmente, não me protejo assim e prefiro fechar meu comércio com prejuízo. Somos todos diferentes e alguns comerciantes preferem se proteger e esperar até que a poeira baixe e eles possam tomar uma decisão informada para sair de sua perda. Por mais estúpido que isso possa parecer. Alguns comerciantes gostam de mover suas paradas quando o preço se aproxima de seu stop loss e acham que abrir uma negociação na direção oposta é melhor para eles. É você como ser humano e sua psique. Qualquer que seja a maneira que funcione para você. Eu só protejo posições que estão no lucro e sinto que haverá um recuo temporário. Isso me dá tempo para a poeira baixar e tomar uma decisão mais informada para avaliar a direção do mercado e, esperançosamente, acertar minha entrada no comércio. Quanto aos encargos duplos, não pago comissões sobre as minhas negociações e os swaps de venda compensam os meus swaps de compra. Enfim, vamos sair deste tópico. Não há certo ou errado no hedge. Cabe a cada trader e ao que melhor lhes convém. Obrigada. [/quote]

Just a observation. We just can do the hedge with the metatrader 4.
Together we can be strongest
Quoting Pat Chiko
{quote} GU It's dragging its feet for five hours, just in ranging.{image}
GU

Common, gimme some money tonight.
Hope some luck with this trade.
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I come from the future.
Quoting palpite
Let's see if 1.2130 will be the top. {image}
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Quoting Pat Chiko
{quote} GU Common, gimme some money tonight. Hope some luck with this trade.{image}
i so want to copy, but im standing aside still.. waiting with my hand on the gun, the bullet is in the barrel
Quoting navk
{quote} Yes, i take reverse trade after LO + 1 hour
I took reverse trade after LO + 1.

Three baskets closed in this Strategy.

+

Asian trades

Happy with this today.

If the price goes higher, i will short again.
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Intraday only.
Quoting Indigo45
{quote} Can you please mention that 1H candle and your entry criteria on the chart. Thanks
Wait for previous day high or low to break + 1 hour.

Take reverse trade
Intraday only.
Quoting pipfarm
GBPUSD today, H1 larger degree trend is H4 larger degree swing and minor trend down. We have a correction on H4 so assume we will see further downside , how do we determine when the correction has finished and the downside will continue?
Daily chart, the bears has their work cut out for them.

Cheers
Guy
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Quoting SnailFX
{quote} I expect Williams to follow up on what Powell said. Expecting hawkishness, how will the market react? No clue. Don't expect anything new. More rate hikes will be appropriate etc.. I expect to hear however, that Fed will be watching over that CPI data which will come out next Week and that that data will play a part in Fed's decision in the future. Expect to hear something along the lines: have this data continues to come out better then was forecasted, we will definitely have to raise rates even higher. *This could cause a sudden move down...
So far this is the FED sentiment and surely there's nothing new I'm expecting too
I'm enjoying the wins because I was once terrified by loses
Erto All Time Return: 6.7%
i think a sell limit on M5 chart @ 1.2086
in wondering about yourself, you forgot what you came here to be part of
Quoting Guy1969
{quote} Daily chart, the bears has their work cut out for them. Cheers Guy {image}
I see absolutely no logic to those trendlines on your chart, sorry to be so blunt.
Follow The Markets Structure - Patience and Discipline
Quoting SnailFX
{quote} I expect Williams to follow up on what Powell said. Expecting hawkishness, how will the market react? No clue. Don't expect anything new. More rate hikes will be appropriate etc.. I expect to hear however, that Fed will be watching over that CPI data which will come out next Week and that that data will play a part in Fed's decision in the future. Expect to hear something along the lines: have this data continues to come out better then was forecasted, we will definitely have to raise rates even higher. *This could cause a sudden move down...
Great fundamental understanding Snail. Just remember to keep an eye out on OIL.

OIL is the key - WHY?

Higher oil = higher inflation = more FED rate hikes.

China re-opening = more manufacturing = more oil consumption = higher prices.

From MY PERSONAL POV - Inflation is NOT under control and will continue to creep.
...because you never know - until you do!
Quoting Robinhood1
{quote} 13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.
Started reading the thread and made a quick calculation. Try 36, 54 on a 5min tf[/quote]
Nice covert move to get 6 and 9 into the mix.
The markets are speaking to you. Do you know their language? I M T
Quoting pipfarm
{quote} I see absolutely no logic to those trendlines on your chart, sorry to be so blunt.
You asked the question, I showed you my view...let the market speak.

Thank you
Guy
Quoting Robinhood1
{quote} 13 and 48 periods EMA's were supposed to be the most profitable combination according to a study that I read. This is an important obaservation: 48/13 ~4.
= 7 hmmm...[/quote]
I would choose 48/12.
48--->12--->3
12--->3
The markets are speaking to you. Do you know their language? I M T
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