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Cable Update (GBPUSD)

  • #688,061
  • Sep 26, 2022 8:32am Sep 26, 2022 8:32am
Quoting donfriday
ATM no hidden bearish div i see the price going 1.1050 - 1.12

long 0825 tp 100 sl 50
MY OPINION NOT FINANCIAL ADVISE
  • #688,062
  • Sep 26, 2022 8:36am Sep 26, 2022 8:36am
Quoting Headland
...watch 1330pm if Boe is going to intervene..could be that time. 2 x fibs and that prev minor 30min sw hi zone @ the current dly hi one shown on chart below, the other on list below. Hope everyone is having a good day in this extraordinary market. fibs the 1hr below {image} {image}
Factual

The UK holds less than $100 bn in net FX reserves.
That's roughly 3% of GDP.

For comparison:
- Japan: ~20% of GDP
- Switzerland: ~115% of GDP

Seriously, I don't know how much BoE will do in ''defending'' the Sterling.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,063
  • Sep 26, 2022 8:38am Sep 26, 2022 8:38am
Quoting Bones
{quote} With currency I think we need to look at central banks benchmark and with inflation so high we need to go real UK=9.8cpi less 2.25%=negative -7.55% real rate US=8.3cpi less 3.25%=negative -5.05% real rate I know cpi is a lie but the market seem to accept anything their told.

Thanks for your reply Bones, always top notch and full of knowledge to help Newbie like me.

Meanwhile,
Traders are now pricing in a potential hike in interest rates.
If the Bank of England do this I predict deep hostility between Truss’s numb skull government and the BoE.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,064
  • Sep 26, 2022 8:40am Sep 26, 2022 8:40am
Quoting Nala66
{quote} What a crock of crap. If you expected it, then why didn't you short it?
I know you want to be stupid. Please remain stupid and don't bring your idiocy near me! You think everybody tells lies like you? Just for the sake of sane people reading, look at the trades I made. The first three trades, look at the date and you can see it was on Friday, also look at the time. It was before market close. I closed just now due to all the bouncing around of price. The last trade was a scalp I took today.

If you want people you can bully don't come near me please. You are a non-regular on this thread, at least in recent times, so please take your nonsense elsewhere!
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  • #688,065
  • Sep 26, 2022 8:42am Sep 26, 2022 8:42am
...like the last 2 bullish hidden div plays on 5min will this one work out?

5min below
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Trader with an Edge.
  • #688,066
  • Sep 26, 2022 8:45am Sep 26, 2022 8:45am
Quoting Pat Chiko
{quote} Thanks for your reply Bones, always top notch and full of knowledge to help Newbie like me. Meanwhile, Traders are now pricing in a potential hike in interest rates. If the Bank of England do this I predict deep hostility between Truss’s numb skull government and the BoE.
BoE options:
1) Say & do nothing - looks clueless/ asleep at the wheel
2) Say something but do nothing - looks toothless
3) Do something small (50bps) - mkt will push you to do more, perhaps quickly
4) Do something big - if this doesn't work, you are in a worse position than (1)

Waiting for BoE to say something....
('I get the impression both the Treasury and the Bank of England are nervous behind the scenes'.)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,067
  • Sep 26, 2022 8:48am Sep 26, 2022 8:48am
Quoting Mitiblotch
{quote} I know you want to be stupid. Please remain stupid and don't bring your idiocy near me! You think everybody tells lies like you? Just for the sake of sane people reading, look at the trades I made. The first three trades, look at the date and you can see it was on Friday, also look at the time. It was before market close. I closed just now due to all the bouncing around of price. The last trade was a scalp I took today. If you want people you can bully don't come near me please. You are a non-regular on this thread, at least in recent times,...

broooooo

its ur turn today

echoke
MY OPINION NOT FINANCIAL ADVISE
  • #688,068
  • Sep 26, 2022 8:49am Sep 26, 2022 8:49am
Day mode, looks making hamer
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Regard NOOR16
  • #688,069
  • Sep 26, 2022 8:49am Sep 26, 2022 8:49am
Quoting Pat Chiko
{quote} Factual The UK holds less than $100 bn in net FX reserves. That's roughly 3% of GDP. For comparison: - Japan: ~20% of GDP - Switzerland: ~115% of GDP Seriously, I don't know how much BoE will do in ''defending'' the Sterling.
I'm not sure they will try to defend it by direct intervention in the fx markets,? (Black Weds anybody re 1992 and Uk dropping out the ERM.) More likely a rate hike and a statement to sure up market confidence if anything at all. Truss/Kwarteng seeing what happens when you make idiotic statements - the market on whom they depend for their borrowings soon sees thru them. I bet the hotline between Uk Govt Treasury and supposedly independent Boe has been busy this morning. I wonder how much political pressure on Boe is going on after Kwartengs 'Boe independence is sacrosanct' comment last week. lol!
Trader with an Edge.
  • #688,070
  • Sep 26, 2022 8:51am Sep 26, 2022 8:51am
Quoting Pat Chiko
GU Waititng game for price to come to LQ Break time - need a cup of coffee. No trade ATM {image}
GU

Scalping SHORT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,071
  • Sep 26, 2022 8:55am Sep 26, 2022 8:55am
Quoting Pat Chiko
{quote} GU Scalping SHORT{image}
GU

Gimme one spike for BoE.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,072
  • Sep 26, 2022 8:57am Sep 26, 2022 8:57am
Quoting donfriday
{quote} broooooo its ur turn today echoke
I hate it when people say you cannot or did not because they could not or did not. What kind of parochial mentality is that. Even if he doubted my statment he could have challenged me in a civil manner. But I guess it's some public forum and everybody can be mad.
  • #688,073
  • Sep 26, 2022 8:57am Sep 26, 2022 8:57am
I think there will be another dump this afternoon after the BOE fails to deliver what the market is pricing in.
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #688,074
  • Sep 26, 2022 9:00am Sep 26, 2022 9:00am
Quoting Pat Chiko
{quote} GU Gimme one spike for BoE.{image}
I would have copied your trade my fingers are afraid of trading GU at the moment.
  • #688,075
  • Sep 26, 2022 9:09am Sep 26, 2022 9:09am
I'm still trying to hold on to my buy at 1.09008 but at this point I don't know... If I had shorted instead at that price I would be in profit now...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #688,076
  • Sep 26, 2022 9:11am Sep 26, 2022 9:11am
...broken 1hr asc t/line now

1hr below
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Trader with an Edge.
  • #688,077
  • Sep 26, 2022 9:11am Sep 26, 2022 9:11am
Quoting Pat Chiko
{quote} GU Gimme one spike for BoE.{image}
PAT, please teach me how you do this magic.

Pleeeeeaaaasssse.
  • #688,078
  • Sep 26, 2022 9:13am Sep 26, 2022 9:13am
Quoting Pat Chiko
{quote} GU Gimme one spike for BoE.{image}
GU

Common GU, you can do it, lets go for "kink"

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,079
  • Sep 26, 2022 9:13am Sep 26, 2022 9:13am
Quoting pipcenturion
{quote} PAT, please teach me how you do this magic. Pleeeeeaaaasssse.
I copy other traders here.
I look at their signal then follow....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,080
  • Sep 26, 2022 9:15am Sep 26, 2022 9:15am
Quoting TheHunting
{quote} after they destroy all accounts the cable will rise 500 pips , this is shit game
didn't I tell you that it will rise 500 pips after destroy all accounts
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