Margin Called Nevermore
AnotherMCed Profit This Week:
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Cable Update - Continued 102 replies
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Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedStrong dollar news makes case for another rate hike before pause. Yields reacting positively. short GU @ 2381 to hold till DXY retests 104.30 high. SL already moved to BEIgnored
Disliked{quote} PCE rising faster that expected is bullish for the USD as it suggests that inflation is above the 2% annual target so more rate increases. Personsal spending up could also be a sign of higher prices which would warrant further rate increases. The rest of the numbers don't talk about price. The FED is also supposed to be 'allowing' the previous rate hikes to permeate the market which suggests more of a wait and see attitude.Ignored
Disliked{quote} Your interpretation is new... before 8th of May dollar dropped on news like that. Since than it gets stronger. I'm not sure why so seen from 8th of may you are correct but before it was always bad for dollar because the inflation was not over (and is not yet as it seems). So more rate hikes, more pain for all. But now it interpretation is positive. I think market hopes that inflation next 2 months stops so may be that is the reason for another interpretation. Btw I trade after chart, yes - But I like to see reaction of market on news...Ignored
Disliked{quote} close gu short gold target 1925...maybe today maybe whenever, i really dont knowIgnored
Disliked{quote} cool recover some, i too 1 hour back then was floating -$250 But recover now Well Fucked had to move to BE {image} Ok closed All, +- near zero If this going more down i dont care {image}Ignored
Disliked{quote} only 100k prop accounts, still have another accounts that are higher than thisIgnored
Disliked{quote} I think there's more downwards but u BE before it actually moves better safe than sorry i guessIgnored
Disliked{quote} I believe that you are identifying the difference between what the data says and how the market reacts. In the short term these are often inconsistent. The MM's move price where they have to move it to so they can execute trades! This often has nothing to do with the data. It makes the job of trading all that much harder. In the long term the open orders are supposed to reflect the news so that eventually price is supposed to realign itself.Ignored