Cable Update (GBPUSD)

Quoting dantpm

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{quote} The really dumb part of this raising rates to curb inflation has to do with what people are expected to achieve. Inflation is what it is because of the liquidity that was added to the market during covid lock-downs. Now the fed wants to control wages, production costs, production efficiency, imports and exports to manage inflation. There is a gap, the things that the fed wants to control didn't cause the inflation. If gets 'better'! The fed wants to control wages but wages are regulated by states in many cases and not by the businesses....

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Quoting Theoak

Disliked

{quote} Short 1.1382

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Quoting TheWolf

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My last trade will be short but only if the price raches 1.143. Otherwise done for today.

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Quoting Pat Chiko

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{quote} GU Scalp LONG {image}

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Quoting Pat Chiko

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{quote} GU Recovery from fist entry drawdown. Averaging up position. Partial TP. Move to positive Stop {image}

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Quoting Waveskierrob

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{quote} Good bit of patience there my friend

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Quoting Pat Chiko

Disliked

{quote} Lack of sufficient liquidity, MM has to push lower to fill up order. Thus the first OB becomes invalidated after MM push to get more liquidity to fill up their Order Book. If normal UK ( non holiday), the first OB is sufficient to fill up, as it is "unmitigated OB"

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Quoting Chris_35

Disliked

Still holding 3 longs from 11514, 11496 and 11470. When I last posted I said I would hold on to them, which I have done. The road has beem a bit bumpy but I am still in the trade. Just have to keep an eye on my margin and market movment to decide my next move

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Quoting Pat Chiko

Disliked

{quote} Lack of sufficient liquidity, MM has to push lower to fill up order. Thus the first OB becomes invalidated after MM push to get more liquidity to fill up their Order Book. If normal UK ( non holiday), the first OB is sufficient to fill up, as it is "unmitigated OB"

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Quoting Waveskierrob

Disliked

{quote} Good bit of patience there my friend

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