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Cable Update (GBPUSD)

  • #663,621
  • Edited 6:31pm Jun 14, 2022 6:09pm | Edited 6:31pm
Quoting xristos2512
hello everyone after long time,wonder may ask?If fed rise 0,5 0,75 what wait? free fall?If 0,25 what? and hold the same?Just asking the 3 scenarios,any suggestions appreciated,I m more with the first scenario,lets see
No one can predict exact scenario, here a few links added to research and have a brief understanding.
Trading during rates is volatile and risky to trade, good if you on the right side, but as you know spikes could move both directions too
Anyway safer to stay out or trade 15 min after the news, when direction is clear.

This is what I think, but anything can happen.
Wed: FOMC estimate 0.5% rate increase. I believe this is already priced in.
Anything higher hawkish/buy dollar. Anything lower dovish/sell dollar.
FOMC statement and speach is one to watch for a clue.
https://www.fxstreet.com/education/h...s-202203010927

https://www.investopedia.com/investi...-stock-market/

Thursday: BOE rates, economist predict 0.25 point increase, also split vote decision is possible (voters disagreement been watched closely).

https://www.ft.com/content/623adc28-...1-107784f9c2de

Good
  • #663,622
  • Jun 14, 2022 6:14pm Jun 14, 2022 6:14pm
Quoting navk
{quote} Accept the fact that this can remain in bear territory for longer time than usual.
I am getting Bull signals, 1.2030 should break to confirm some reasonable strength.
Face 'ur fears & tame 'ur greed
  • #663,623
  • Jun 14, 2022 6:17pm Jun 14, 2022 6:17pm
Quoting JereMi256
{quote} I am getting Bull signals, 1.2030 should break to confirm some reasonable strength.
What I meant was just " Trade what you see " and not to make assumptions.
Intraday only.
  • #663,624
  • Jun 14, 2022 8:46pm Jun 14, 2022 8:46pm
Quoting BeeTogether
Not that charts are mattering much with this current trend however that candle looks interesting for a potential retrace to 12080? {image}
Thanks for this brother. i took this trade and won
  • #663,625
  • Jun 14, 2022 8:54pm Jun 14, 2022 8:54pm
Quoting Pat Chiko
{quote} GJ Stopped out {image}
Quoting Pat Chiko
{quote} {image}



GJ

Moving to positive stop

Target next kink level

Attached Image (click to enlarge)
Click to Enlarge Name: gj 040.jpg Size: 185 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,626
  • Jun 14, 2022 8:56pm Jun 14, 2022 8:56pm
Quoting Pat Chiko
{quote} GU Stopped out. Re-entry H4 SRF {image}

GU

Partial TP

Move to positive Stop

Attached Image (click to enlarge)
Click to Enlarge Name: gu 238.jpg Size: 254 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,627
  • Jun 14, 2022 9:09pm Jun 14, 2022 9:09pm
Quoting Pat Chiko
{quote} Common man. EU is waiting to fly.
They've filled up and ready to push higher. Waiting for you


EU

Move to positive stop

Attached Image (click to enlarge)
Click to Enlarge Name: eu 023.jpg Size: 191 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,628
  • Jun 14, 2022 9:40pm Jun 14, 2022 9:40pm
Monday and Tuesday have taught me a lot of lessons.
  • #663,629
  • Jun 14, 2022 10:10pm Jun 14, 2022 10:10pm
USD has dropped away across the major FX rates board

AUD, EUR, NZD and even hapless GBP have added on points during the Asia time zone.

Thinner than normal liquidity is seeing rates move on some position squaring as we head towards Powell's announcement

Ahead of Wednesday's Federal Open Market Committee (FOMC) statement (1800 GMT) the US dollar has given back a little of recent gains.

A very little, that is.........

Rest for a battle later
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,630
  • Jun 14, 2022 10:16pm Jun 14, 2022 10:16pm
Quoting Pat Chiko
USD has dropped away across the major FX rates board AUD, EUR, NZD and even hapless GBP have added on points during the Asia time zone. Thinner than normal liquidity is seeing rates move on some position squaring as we head towards Powell's announcement Ahead of Wednesday's Federal Open Market Committee (FOMC) statement (1800 GMT) the US dollar has given back a little of recent gains. A very little, that is......... Rest for a battle later
if rate hike is less than 75 bps, bears will not get any chance to book profits
  • #663,631
  • Edited 11:04pm Jun 14, 2022 10:36pm | Edited 11:04pm
Quoting Jolita
{quote} No one can predict exact scenario, here a few links added to research and have a brief understanding. I believe this is already priced in. Anything higher hawkish/buy dollar.
Hey Jolita,

Many thanks for the info and link resources. It is handy to follow it later.

Your sharing/discussions will help ALL of us to become better traders, to become profitable traders.

One thing about "interpretation" ... many different aspects can be derived from it (as we have seen from all the past lessons).

Again.....Thanks for sharing the info.
I am sure a lot of people would be interested and benefit from this.


You're such a blessing to this thread.

We all love you

Best Wishes.

PAT Chiko
Kuala Lumpur
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,632
  • Jun 14, 2022 11:00pm Jun 14, 2022 11:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 23 KB
  • #663,633
  • Jun 14, 2022 11:11pm Jun 14, 2022 11:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 8 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 14 KB
yes yes yes
  • #663,634
  • Jun 14, 2022 11:19pm Jun 14, 2022 11:19pm
Quoting Pat Chiko
{quote} GU Partial TP Move to positive Stop {image}

GU

High Probability to add scalping position.

Wait for set up confirmation

Attached Image (click to enlarge)
Click to Enlarge Name: gu 239.jpg Size: 165 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,635
  • Jun 14, 2022 11:37pm Jun 14, 2022 11:37pm
0.5% margin used for this trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
  • #663,636
  • Jun 15, 2022 12:05am Jun 15, 2022 12:05am
if day open breaks ............
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 25 KB
  • #663,637
  • Jun 15, 2022 12:28am Jun 15, 2022 12:28am
TThis divergence is huge
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220615-105643_MetaTrader 4.jpg Size: 573 KB
  • #663,638
  • Jun 15, 2022 12:34am Jun 15, 2022 12:34am
Quoting Pat Chiko
{quote} GU High Probability to add scalping position. Wait for set up confirmation {image}

GU

add scalping

Attached Image (click to enlarge)
Click to Enlarge Name: gu 241.jpg Size: 158 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,639
  • Jun 15, 2022 12:46am Jun 15, 2022 12:46am
Quoting Pat Chiko
{quote} EU Move to positive stop {image}
EU

added

Attached Image (click to enlarge)
Click to Enlarge Name: eu 025.jpg Size: 164 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,640
  • Jun 15, 2022 1:11am Jun 15, 2022 1:11am
FEDUP today and BOE tomorrow ; plenty of short unwinding possible after FED news
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